[You must be registered and logged in to see this link.] wrote:
Thanks for the heads-up about the user name issue.
Could you please change it to BarrygoestoBolton.
I do realise the FV paid more for the club, especially when you include the debt, than the fixed assets. But the value of a club isn’t just in its fixed assets. It’s in the club as a whole. Take a club like Arsenal - there was discussion about it being sold to the Spotify owner for a couple of billion. Its fixed assets - ground, training ground and players - aren’t worth that, but the whole franchise (horrible word!) is worth that. Similarly with us, we’re definitely worth more than our fixed assets, or we certainly will be as we work our way back to where we should be.
I've done your new user name, nay problem.
Yes some/many companies are worth more than their tangible assets - some however or not.
From the top of my head FV paid somewhere in the region of £8m more than the the hard assets.
They paid around £28m or so for around £20m of assets that are all now leveraged against and roughly half as much again for 'goodwill' and 'intellectual property' that no one can seem to identify what they actually are or came to putting a value on them.
To put that into a bit of context Wigan's new owners paid something less than £4m for everything - although it isn't a like for like comparison but it is indicative what Sharon/FV could have picked a club up for if they had shopped around a while.
Although we had a wonderful spell in the Premier League, the reality is we have to punch beyond our weight if we want to get up their and stay there, and sooner or later clubs our size will fall out the top tier whilst the big clubs more or less are permeant fixtures these days.
Fair enough if you view the things as you do, I just don't think it holds together financially that way myself unless you have someone with very deep pockets who don't mind losing the odd £100m or so if things don't work out according to their plan.
I don't think Sharron has that sort of money to lose herself - and suspect there is probably someone who has, behind her.
As they say though it is better to travel hopefully than to arrive...