TRon Posted January 17, 2018 Share Posted January 17, 2018 Someone clarify or correct. Ashley's initial loan was him paying off the club debt because he didn't do due dilligence? So the club value was what he paid plus that loan to make the club debt-free. What would that figure be, circa 250m? Any other money spent in the interim since then was part and parcel of running a football club and in addition he's had free advertising and, to my knowledge, has had some of the debt serviced, yes? The TV money dosn't come into the clubs value imo as all the clubs get TV money and it is therefore not a special consideration. The reason I am asking these questions is to try and decide if £250m was ridiculously low, or £380m was ridiculously high. The whole lack of due diligence thing didn't mean he didn't know about the loan, it was more that he didn't realise that it became immediately repayable following a change of control. He knew the loan was there, and the price of £135m reflected that loan. If the club didn't owe £100m to the banks, the club would have been worth a lot more. Being very simplistic, you could say that a debt free NUFC in 2007 was worth £235m, but the fact that there was £100m owed to banks meant Ashley was only going to pay £135m. Assuming NUFC in 2018 is being sold free of Ashley's debt, then it would appear that the £250m would be a tad on the low side if you look at it as how much 2007 NUFC should have increased in value to 2018 NUFC, given the huge increase in TV money. Even after the turmoil of the last 10 years, it isn't unreasonable to suggest that a £235m 2007 NUFC has increased to at least a £300m 2018 NUFC. Perhaps more, given that the international TV money isn't going to disappear any time soon. If you look at the increase in value of other Premier League clubs, then that percentage increase isn't a bad example. Isn't the huge increase in TV money offset by the huge increase in player fees and wages? Also considering we have sold most of our player assets, that means we will have to spend one hell of a lot just to catch up with the rest of the division as compared to two years ago. Link to post Share on other sites More sharing options...
Robster Posted January 17, 2018 Share Posted January 17, 2018 Jim White has apparently said nothing has changed in the eyes on PCP, and still want to buy the club. Well something's obviously fucking changed given that Ashley has rejected their offer. For now, I'm going to assume that's because of Ashley, and not PCP. Link to post Share on other sites More sharing options...
Shearergol Posted January 17, 2018 Share Posted January 17, 2018 Jim White has apparently said nothing has changed in the eyes on PCP, and still want to buy the club. Well something's obviously fucking changed given that Ashley has rejected their offer. For now, I'm going to assume that's because of Ashley, and not PCP. Oh, completely, but PCP can't just say "well the offer's still there". They even have to get back into negotiations or walk away. We are obviously just going on what's coming out in the media though, which is probably about 2% of the true picture. Link to post Share on other sites More sharing options...
steve_69 Posted January 17, 2018 Share Posted January 17, 2018 Ashley hasn't said he's not prepared to sell to PCP, just that negotiations over the current offer are off. Within 5 minutes they could fax through an offer for £300m and it's all back on again. Link to post Share on other sites More sharing options...
Shearergol Posted January 17, 2018 Share Posted January 17, 2018 Ashley hasn't said he's not prepared to sell to PCP, just that negotiations over the current offer are off. Within 5 minutes they could fax through an offer for £300m and it's all back on again. Did they not say that their offer is still on the table? That suggest they're not increasing it. Link to post Share on other sites More sharing options...
steve_69 Posted January 17, 2018 Share Posted January 17, 2018 Ashley hasn't said he's not prepared to sell to PCP, just that negotiations over the current offer are off. Within 5 minutes they could fax through an offer for £300m and it's all back on again. Did they not say that their offer is still on the table? That suggest they're not increasing it. Surely if someone outright rejects your offer, it's no longer on the table? Link to post Share on other sites More sharing options...
Shearergol Posted January 17, 2018 Share Posted January 17, 2018 Ashley hasn't said he's not prepared to sell to PCP, just that negotiations over the current offer are off. Within 5 minutes they could fax through an offer for £300m and it's all back on again. Did they not say that their offer is still on the table? That suggest they're not increasing it. Surely if someone outright rejects your offer, it's no longer on the table? That's the point. Their response was "the offer is still on the table" even though Ashley rejected it. Link to post Share on other sites More sharing options...
timeEd32 Posted January 17, 2018 Share Posted January 17, 2018 Someone clarify or correct. Ashley's initial loan was him paying off the club debt because he didn't do due dilligence? So the club value was what he paid plus that loan to make the club debt-free. What would that figure be, circa 250m? Any other money spent in the interim since then was part and parcel of running a football club and in addition he's had free advertising and, to my knowledge, has had some of the debt serviced, yes? The TV money dosn't come into the clubs value imo as all the clubs get TV money and it is therefore not a special consideration. The reason I am asking these questions is to try and decide if £250m was ridiculously low, or £380m was ridiculously high. 250m is low. That is what the club was worth a decade ago. With the new PL money top tier clubs can become decent investment vehicles if managed correctly. IMO Newcastle has other advantages over run of the mill PL clubs as well. Think this might burst a few bubbles in here, but from a business perspective we are a run of the mill PL club. We are no different than Stoke, Watford, Bournemouth, and Swansea. Just like all of them and really anyone outside the top 6, we are closer to not being a PL club at all than being a top tier club. This is why there is such a massive gap in the valuations of the top 6 and everyone else. It's hard to fathom Liverpool or Spurs being relegated so those clubs are in a similar price bracket to some American sports teams based on the massive, global TV deals, merchandise, tickets, etc. For everyone else the threat of relegation, and with it the loss of the primary revenue stream, is more real than ever. The best way for Ashley to get the price he wants (and likely much more) would be to place a bet on Rafa's ability to move us into a much more secure position. Establish us as a "safe" club. But he's not going to do that so he'll continue to gamble, benefit from the global branding he's getting for free, and see if someone will eventually take the risk and pay him what he wants. Link to post Share on other sites More sharing options...
Shearergol Posted January 17, 2018 Share Posted January 17, 2018 Someone clarify or correct. Ashley's initial loan was him paying off the club debt because he didn't do due dilligence? So the club value was what he paid plus that loan to make the club debt-free. What would that figure be, circa 250m? Any other money spent in the interim since then was part and parcel of running a football club and in addition he's had free advertising and, to my knowledge, has had some of the debt serviced, yes? The TV money dosn't come into the clubs value imo as all the clubs get TV money and it is therefore not a special consideration. The reason I am asking these questions is to try and decide if £250m was ridiculously low, or £380m was ridiculously high. 250m is low. That is what the club was worth a decade ago. With the new PL money top tier clubs can become decent investment vehicles if managed correctly. IMO Newcastle has other advantages over run of the mill PL clubs as well. Think this might burst a few bubbles in here, but from a business perspective we are a run of the mill PL club. We are no different than Stoke, Watford, Bournemouth, and Swansea. Just like all of them and really anyone outside the top 6, we are closer to not being a PL club at all than being a top tier club. This is why there is such a massive gap in the valuations of the top 6 and everyone else. It's hard to fathom Liverpool or Spurs being relegated so those clubs are in a similar price bracket to some American sports teams based on the massive, global TV deals, merchandise, tickets, etc. For everyone else the threat of relegation, and with it the loss of the primary revenue stream, is more real than ever. The best way for Ashley to get the price he wants (and likely much more) would be to place a bet on Rafa's ability to move us into a much more secure position. Establish us as a "safe" club. But he's not going to do that so he'll continue to gamble, benefit from the global branding he's getting for free, and see if someone will eventually take the risk and pay him what he wants. Yep, you're right. I'm not sure anyone will disagree with you tbh. Apart from Ashley. Link to post Share on other sites More sharing options...
AyeDubbleYoo Posted January 17, 2018 Share Posted January 17, 2018 I've watched enough Dragon's Den to know that valuing a company based on future potential gets you laughed back into the lift, pronto. Link to post Share on other sites More sharing options...
Kanj Posted January 17, 2018 Share Posted January 17, 2018 "well if she wants it so bad, pony up and pay!!!" is the dumbest fucking counter to this I've ever read/heard. Link to post Share on other sites More sharing options...
mrmojorisin75 Posted January 17, 2018 Share Posted January 17, 2018 Someone clarify or correct. Ashley's initial loan was him paying off the club debt because he didn't do due dilligence? So the club value was what he paid plus that loan to make the club debt-free. What would that figure be, circa 250m? Any other money spent in the interim since then was part and parcel of running a football club and in addition he's had free advertising and, to my knowledge, has had some of the debt serviced, yes? The TV money dosn't come into the clubs value imo as all the clubs get TV money and it is therefore not a special consideration. The reason I am asking these questions is to try and decide if £250m was ridiculously low, or £380m was ridiculously high. 250m is low. That is what the club was worth a decade ago. With the new PL money top tier clubs can become decent investment vehicles if managed correctly. IMO Newcastle has other advantages over run of the mill PL clubs as well. Think this might burst a few bubbles in here, but from a business perspective we are a run of the mill PL club. We are no different than Stoke, Watford, Bournemouth, and Swansea. Just like all of them and really anyone outside the top 6, we are closer to not being a PL club at all than being a top tier club. This is why there is such a massive gap in the valuations of the top 6 and everyone else. It's hard to fathom Liverpool or Spurs being relegated so those clubs are in a similar price bracket to some American sports teams based on the massive, global TV deals, merchandise, tickets, etc. For everyone else the threat of relegation, and with it the loss of the primary revenue stream, is more real than ever. The best way for Ashley to get the price he wants (and likely much more) would be to place a bet on Rafa's ability to move us into a much more secure position. Establish us as a "safe" club. But he's not going to do that so he'll continue to gamble, benefit from the global branding he's getting for free, and see if someone will eventually take the risk and pay him what he wants. Yep, you're right. I'm not sure anyone will disagree with you tbh. Apart from Ashley. The difference between us and those clubs mentioned is our ground and regular crowds, but income from crowds is such a minor part of club income nowadays to render it somewhat irrelevant in this kind of valuation scenario. For us it's all a potential thing. We've got a decent history, decent pl history and big crowds that could be leveraged to increase commercial income but you'd be mental to pay Mike Ashley what he wants after he's spent 10 years systematically not doing any of that. Link to post Share on other sites More sharing options...
Carlito Posted January 17, 2018 Share Posted January 17, 2018 "well if she wants it so bad, pony up and pay!!!" is the dumbest f***ing counter to this I've ever read/heard. Exactly. Ashley moves the goal posts. If she offered 300m he'd suddenly want 350m. Link to post Share on other sites More sharing options...
The Bard of Byker Posted January 17, 2018 Share Posted January 17, 2018 Someone clarify or correct. Ashley's initial loan was him paying off the club debt because he didn't do due dilligence? So the club value was what he paid plus that loan to make the club debt-free. What would that figure be, circa 250m? Any other money spent in the interim since then was part and parcel of running a football club and in addition he's had free advertising and, to my knowledge, has had some of the debt serviced, yes? The TV money dosn't come into the clubs value imo as all the clubs get TV money and it is therefore not a special consideration. The reason I am asking these questions is to try and decide if £250m was ridiculously low, or £380m was ridiculously high. 250m is low. That is what the club was worth a decade ago. With the new PL money top tier clubs can become decent investment vehicles if managed correctly. IMO Newcastle has other advantages over run of the mill PL clubs as well. Think this might burst a few bubbles in here, but from a business perspective we are a run of the mill PL club. We are no different than Stoke, Watford, Bournemouth, and Swansea. Just like all of them and really anyone outside the top 6, we are closer to not being a PL club at all than being a top tier club. This is why there is such a massive gap in the valuations of the top 6 and everyone else. It's hard to fathom Liverpool or Spurs being relegated so those clubs are in a similar price bracket to some American sports teams based on the massive, global TV deals, merchandise, tickets, etc. For everyone else the threat of relegation, and with it the loss of the primary revenue stream, is more real than ever. The best way for Ashley to get the price he wants (and likely much more) would be to place a bet on Rafa's ability to move us into a much more secure position. Establish us as a "safe" club. But he's not going to do that so he'll continue to gamble, benefit from the global branding he's getting for free, and see if someone will eventually take the risk and pay him what he wants. Hmm. Bigger, better stadium in a better location, bigger fanbase (with the reputation, fair or otherwise, of being particularly fanatical), a history of competing in Europe (and the CL, in fact). How can you say we're the same - in terms of potential - as the other clubs listed? Get it right - which involves risk - and we'll be going much further than a Watford or a Swansea, and more quickly. We *are* one of the most attractive investment opportunities in the PL - it's us and Everton. Link to post Share on other sites More sharing options...
timeEd32 Posted January 17, 2018 Share Posted January 17, 2018 Someone clarify or correct. Ashley's initial loan was him paying off the club debt because he didn't do due dilligence? So the club value was what he paid plus that loan to make the club debt-free. What would that figure be, circa 250m? Any other money spent in the interim since then was part and parcel of running a football club and in addition he's had free advertising and, to my knowledge, has had some of the debt serviced, yes? The TV money dosn't come into the clubs value imo as all the clubs get TV money and it is therefore not a special consideration. The reason I am asking these questions is to try and decide if £250m was ridiculously low, or £380m was ridiculously high. 250m is low. That is what the club was worth a decade ago. With the new PL money top tier clubs can become decent investment vehicles if managed correctly. IMO Newcastle has other advantages over run of the mill PL clubs as well. Think this might burst a few bubbles in here, but from a business perspective we are a run of the mill PL club. We are no different than Stoke, Watford, Bournemouth, and Swansea. Just like all of them and really anyone outside the top 6, we are closer to not being a PL club at all than being a top tier club. This is why there is such a massive gap in the valuations of the top 6 and everyone else. It's hard to fathom Liverpool or Spurs being relegated so those clubs are in a similar price bracket to some American sports teams based on the massive, global TV deals, merchandise, tickets, etc. For everyone else the threat of relegation, and with it the loss of the primary revenue stream, is more real than ever. The best way for Ashley to get the price he wants (and likely much more) would be to place a bet on Rafa's ability to move us into a much more secure position. Establish us as a "safe" club. But he's not going to do that so he'll continue to gamble, benefit from the global branding he's getting for free, and see if someone will eventually take the risk and pay him what he wants. Hmm. Bigger, better stadium in a better location, bigger fanbase (with the reputation, fair or otherwise, of being particularly fanatical), a history of competing in Europe (and the CL, in fact). How can you say we're the same - in terms of potential - as the other clubs listed? Get it right - which involves risk - and we'll be going much further than a Watford or a Swansea, and more quickly. There's plenty of reasons we're better from a romantic point of view, but that's irrelevant unless we find out Jeff Bezos or the Sultan of Arabia is secretly a Geordie at heart. The stadium and crowds are a blip on the total revenue. A history of competing in Europe is meaningless as it is history and provides exactly £0 in revenue. Even if a prospective owner was comfortable paying a bit of a premium based on our potential, our stadium, etc., it would be eye opening to calculate the cost of attempting to infiltrate the top 6 and become one of them. And if you're not one of them, you are one bad appointment and/or a few bad signings from risking your PL status and future revenue. Link to post Share on other sites More sharing options...
The Bard of Byker Posted January 17, 2018 Share Posted January 17, 2018 Someone clarify or correct. Ashley's initial loan was him paying off the club debt because he didn't do due dilligence? So the club value was what he paid plus that loan to make the club debt-free. What would that figure be, circa 250m? Any other money spent in the interim since then was part and parcel of running a football club and in addition he's had free advertising and, to my knowledge, has had some of the debt serviced, yes? The TV money dosn't come into the clubs value imo as all the clubs get TV money and it is therefore not a special consideration. The reason I am asking these questions is to try and decide if £250m was ridiculously low, or £380m was ridiculously high. 250m is low. That is what the club was worth a decade ago. With the new PL money top tier clubs can become decent investment vehicles if managed correctly. IMO Newcastle has other advantages over run of the mill PL clubs as well. Think this might burst a few bubbles in here, but from a business perspective we are a run of the mill PL club. We are no different than Stoke, Watford, Bournemouth, and Swansea. Just like all of them and really anyone outside the top 6, we are closer to not being a PL club at all than being a top tier club. This is why there is such a massive gap in the valuations of the top 6 and everyone else. It's hard to fathom Liverpool or Spurs being relegated so those clubs are in a similar price bracket to some American sports teams based on the massive, global TV deals, merchandise, tickets, etc. For everyone else the threat of relegation, and with it the loss of the primary revenue stream, is more real than ever. The best way for Ashley to get the price he wants (and likely much more) would be to place a bet on Rafa's ability to move us into a much more secure position. Establish us as a "safe" club. But he's not going to do that so he'll continue to gamble, benefit from the global branding he's getting for free, and see if someone will eventually take the risk and pay him what he wants. Hmm. Bigger, better stadium in a better location, bigger fanbase (with the reputation, fair or otherwise, of being particularly fanatical), a history of competing in Europe (and the CL, in fact). How can you say we're the same - in terms of potential - as the other clubs listed? Get it right - which involves risk - and we'll be going much further than a Watford or a Swansea, and more quickly. There's plenty of reasons we're better from a romantic point of view, but that's irrelevant unless we find out Jeff Bezos or the Sultan of Arabia is secretly a Geordie at heart. The stadium and crowds are a blip on the total revenue. A history of competing in Europe is meaningless as it is history and provides exactly £0 in revenue. Even if a prospective owner was comfortable paying a bit of a premium based on our potential, our stadium, etc., it would be eye opening to calculate the cost of attempting to infiltrate the top 6 and become one of them. And if you're not one of them, you are one bad appointment and/or a few bad signings from risking your PL status and future revenue. I don't accept that it's 'romantic' - I've listed a mix of hard and soft assets. We have em, the others don't. The idea of 'infiltrating the top 6' isn't a helpful way of thinking about things - at least not at this stage. 7th place for a good few years would be fine by me. Link to post Share on other sites More sharing options...
David Icke - Son of God Posted January 17, 2018 Share Posted January 17, 2018 Someone clarify or correct. Ashley's initial loan was him paying off the club debt because he didn't do due dilligence? So the club value was what he paid plus that loan to make the club debt-free. What would that figure be, circa 250m? Any other money spent in the interim since then was part and parcel of running a football club and in addition he's had free advertising and, to my knowledge, has had some of the debt serviced, yes? The TV money dosn't come into the clubs value imo as all the clubs get TV money and it is therefore not a special consideration. The reason I am asking these questions is to try and decide if £250m was ridiculously low, or £380m was ridiculously high. 250m is low. That is what the club was worth a decade ago. With the new PL money top tier clubs can become decent investment vehicles if managed correctly. IMO Newcastle has other advantages over run of the mill PL clubs as well. Think this might burst a few bubbles in here, but from a business perspective we are a run of the mill PL club. We are no different than Stoke, Watford, Bournemouth, and Swansea. Just like all of them and really anyone outside the top 6, we are closer to not being a PL club at all than being a top tier club. This is why there is such a massive gap in the valuations of the top 6 and everyone else. It's hard to fathom Liverpool or Spurs being relegated so those clubs are in a similar price bracket to some American sports teams based on the massive, global TV deals, merchandise, tickets, etc. For everyone else the threat of relegation, and with it the loss of the primary revenue stream, is more real than ever. The best way for Ashley to get the price he wants (and likely much more) would be to place a bet on Rafa's ability to move us into a much more secure position. Establish us as a "safe" club. But he's not going to do that so he'll continue to gamble, benefit from the global branding he's getting for free, and see if someone will eventually take the risk and pay him what he wants. Hmm. Bigger, better stadium in a better location, bigger fanbase (with the reputation, fair or otherwise, of being particularly fanatical), a history of competing in Europe (and the CL, in fact). How can you say we're the same - in terms of potential - as the other clubs listed? Get it right - which involves risk - and we'll be going much further than a Watford or a Swansea, and more quickly. We *are* one of the most attractive investment opportunities in the PL - it's us and Everton. I've no doubt we're attractive because of the potential for growth, however if you look at us from a business POV could you really argue that we're worth substantially more than £250m? The investment required on top of that initial outlay, on the playing squad, the training ground and academy facilities, is going to run into hundreds of millions of pounds. Couple that with the damage done to our commercial income over the last decade, and it becomes much harder for PCP or anyone else interested in purchasing the club to justify chucking another £50m/£100m on the table. They'll know exactly what we're worth, down to the last penny. It's tough tits if we think it's low, or even if Ashley thinks it's low. The real value of NUFC has zero to do with what he's spent on it, and everything to do with the value of the assets and the performance of the team. By that measure I'd say £250m isn't far off. Link to post Share on other sites More sharing options...
TRon Posted January 17, 2018 Share Posted January 17, 2018 Someone clarify or correct. Ashley's initial loan was him paying off the club debt because he didn't do due dilligence? So the club value was what he paid plus that loan to make the club debt-free. What would that figure be, circa 250m? Any other money spent in the interim since then was part and parcel of running a football club and in addition he's had free advertising and, to my knowledge, has had some of the debt serviced, yes? The TV money dosn't come into the clubs value imo as all the clubs get TV money and it is therefore not a special consideration. The reason I am asking these questions is to try and decide if £250m was ridiculously low, or £380m was ridiculously high. 250m is low. That is what the club was worth a decade ago. With the new PL money top tier clubs can become decent investment vehicles if managed correctly. IMO Newcastle has other advantages over run of the mill PL clubs as well. Think this might burst a few bubbles in here, but from a business perspective we are a run of the mill PL club. We are no different than Stoke, Watford, Bournemouth, and Swansea. Just like all of them and really anyone outside the top 6, we are closer to not being a PL club at all than being a top tier club. This is why there is such a massive gap in the valuations of the top 6 and everyone else. It's hard to fathom Liverpool or Spurs being relegated so those clubs are in a similar price bracket to some American sports teams based on the massive, global TV deals, merchandise, tickets, etc. For everyone else the threat of relegation, and with it the loss of the primary revenue stream, is more real than ever. The best way for Ashley to get the price he wants (and likely much more) would be to place a bet on Rafa's ability to move us into a much more secure position. Establish us as a "safe" club. But he's not going to do that so he'll continue to gamble, benefit from the global branding he's getting for free, and see if someone will eventually take the risk and pay him what he wants. Hmm. Bigger, better stadium in a better location, bigger fanbase (with the reputation, fair or otherwise, of being particularly fanatical), a history of competing in Europe (and the CL, in fact). How can you say we're the same - in terms of potential - as the other clubs listed? Get it right - which involves risk - and we'll be going much further than a Watford or a Swansea, and more quickly. We *are* one of the most attractive investment opportunities in the PL - it's us and Everton. That attractiveness is diminishing every season though. Big money has transformed Chelsea, and to some extent Man City into global brands whereas before they were middling PL clubs. It can arguably be done with some other clubs as well, like West Brom or Wolves if they come up. Every season Ashley under-invests, he's pushing us further down the ladder of attractive PL clubs. For player, sponsors, worldwide fans and ultimately investors. Link to post Share on other sites More sharing options...
Hhtoon Posted January 17, 2018 Share Posted January 17, 2018 Someone clarify or correct. Ashley's initial loan was him paying off the club debt because he didn't do due dilligence? So the club value was what he paid plus that loan to make the club debt-free. What would that figure be, circa 250m? Any other money spent in the interim since then was part and parcel of running a football club and in addition he's had free advertising and, to my knowledge, has had some of the debt serviced, yes? The TV money dosn't come into the clubs value imo as all the clubs get TV money and it is therefore not a special consideration. The reason I am asking these questions is to try and decide if £250m was ridiculously low, or £380m was ridiculously high. 250m is low. That is what the club was worth a decade ago. With the new PL money top tier clubs can become decent investment vehicles if managed correctly. IMO Newcastle has other advantages over run of the mill PL clubs as well. Think this might burst a few bubbles in here, but from a business perspective we are a run of the mill PL club. We are no different than Stoke, Watford, Bournemouth, and Swansea. Just like all of them and really anyone outside the top 6, we are closer to not being a PL club at all than being a top tier club. This is why there is such a massive gap in the valuations of the top 6 and everyone else. It's hard to fathom Liverpool or Spurs being relegated so those clubs are in a similar price bracket to some American sports teams based on the massive, global TV deals, merchandise, tickets, etc. For everyone else the threat of relegation, and with it the loss of the primary revenue stream, is more real than ever. The best way for Ashley to get the price he wants (and likely much more) would be to place a bet on Rafa's ability to move us into a much more secure position. Establish us as a "safe" club. But he's not going to do that so he'll continue to gamble, benefit from the global branding he's getting for free, and see if someone will eventually take the risk and pay him what he wants. Hmm. Bigger, better stadium in a better location, bigger fanbase (with the reputation, fair or otherwise, of being particularly fanatical), a history of competing in Europe (and the CL, in fact). How can you say we're the same - in terms of potential - as the other clubs listed? Get it right - which involves risk - and we'll be going much further than a Watford or a Swansea, and more quickly. There's plenty of reasons we're better from a romantic point of view, but that's irrelevant unless we find out Jeff Bezos or the Sultan of Arabia is secretly a Geordie at heart. The stadium and crowds are a blip on the total revenue. A history of competing in Europe is meaningless as it is history and provides exactly £0 in revenue. Even if a prospective owner was comfortable paying a bit of a premium based on our potential, our stadium, etc., it would be eye opening to calculate the cost of attempting to infiltrate the top 6 and become one of them. And if you're not one of them, you are one bad appointment and/or a few bad signings from risking your PL status and future revenue. You can't just value clubs on current financial terms, it's also about the brand and potential growth. Yeah it's worth £0 now but commercially, with equal investment, we would always generate far greater revenue than the majority of teams outside the top 6. Why are PCP not offering far less for any other lower mid table team? Link to post Share on other sites More sharing options...
mighty__mag Posted January 17, 2018 Share Posted January 17, 2018 https://business-reporter.co.uk/2014/12/08/the-big-interview-amanda-staveley/ https://www.ft.com/content/73c4fe86-bdbb-11e0-babc-00144feabdc0 Maybe not relevant to now. But a bit of background on staveley. Sounds like someone who knows exactly how to get a deal done and negotiate. Link to post Share on other sites More sharing options...
1964 Posted January 17, 2018 Share Posted January 17, 2018 https://business-reporter.co.uk/2014/12/08/the-big-interview-amanda-staveley/ https://www.ft.com/content/73c4fe86-bdbb-11e0-babc-00144feabdc0 Maybe not relevant to now. But a bit of background on staveley. Sounds like someone who knows exactly how to get a deal done and negotiate. No no no surely not. We’ve been told she is a time waster Link to post Share on other sites More sharing options...
DJ_NUFC Posted January 17, 2018 Share Posted January 17, 2018 Tyrekicker, mate. Link to post Share on other sites More sharing options...
Shelveys Hair Posted January 17, 2018 Share Posted January 17, 2018 She deals with people far richer than Mike Ashley.. they havnt came in and tried to lick his balls, so he threw his toys out of the pram in order to try and get what he wants. After waiting half the window for them to up their bid.. maybe he didnt want to look weak and sanctioned the signing of 3 players, while appearing to kick PCP to the curb. If Ashley wants to sell, a deal will go through.. but Im not entirely sure he does. It could also just be a game of cat and mouse. Link to post Share on other sites More sharing options...
Altamullan Posted January 17, 2018 Share Posted January 17, 2018 They are both very experienced negotiators. Backed by a team of others used to getting the best possible deal; by hook or by crook. He still wants to sell, she/they still want to buy. They can’t agree on a price. No change basically. In effect Ashley’s ‘message’, is just a public way of demonstrating he isn’t willing to accept what they’ve offered. Again, not new information. Only question for me, after Ashley’s ‘move’, is how much does she/they want this? Despite all the extensive number crunching, they will have done, it is that which will determine how much flex there is what they are willing to pay. Link to post Share on other sites More sharing options...
biggs Posted January 17, 2018 Share Posted January 17, 2018 For what its worth here is my take on it ,PCP offer a lower amount like buying a car etc and Cashley says no i want more so a game starts and Ashley starts throwing toys out the pram to get a better offer and awaits reply ,Ashley terribly pissed off with the media making it all public (if we believe the shite spouted ) and wants it all to stay behind closed doors till agreement reached yawn . Carrying on from previous posts i agree that poor judgement and a total lack of vision to keep us top half has diminished our value and totally bad decisions and under investment in the academy has made us woefully weak. Link to post Share on other sites More sharing options...
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