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Post by 1OUFC on Dec 8, 2017 14:58:56 GMT
Holding an Oxford United calendar. Eales might get the hint to take the offer!! Crouching tiger and all that Wait so Eales should take the offer because the interested party has a OUFC calendar?! 😂😂 I’ve read it all now! No because we may end up with a chairman who actually keeps to his word, can move us forward and doesn’t treat the fans like idiots. How’s Cheshire today?
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Post by Denissmithswig on Dec 8, 2017 15:24:03 GMT
Wait so Eales should take the offer because the interested party has a OUFC calendar?! 😂😂 I’ve read it all now! No because we may end up with a chairman who actually keeps to his word, can move us forward and doesn’t treat the fans like idiots. How’s Cheshire today? And having a calendar proves that?! It’s a bit cold today.
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Post by 1OUFC on Dec 8, 2017 15:30:45 GMT
No because we may end up with a chairman who actually keeps to his word, can move us forward and doesn’t treat the fans like idiots. How’s Cheshire today? And having a calendar proves that?! It’s a bit cold today. Note the word may, may meaning possibly, potentially!! Cold? In the sunny south😎, never, north west maybe. Cool that black pudding down nicely
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Post by ox4eva on Dec 8, 2017 15:32:03 GMT
Still think my share issue idea could work!
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Post by makv on Dec 8, 2017 16:26:10 GMT
So should I beware of tigers or not? Has anyone signed us yet?
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Post by lambchop on Dec 8, 2017 17:29:05 GMT
So should I beware of tigers or not? Has anyone signed us yet? Well...... apparently is definitely happening unless it doesn’t
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Post by Denissmithswig on Dec 8, 2017 17:31:43 GMT
How come no one has commented about the latest story on W.E. today? I thought Charlie of everyone would have something to say about the story?
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Post by bullytheox86 on Dec 8, 2017 17:47:41 GMT
How come no one has commented about the latest story on W.E. today? I thought Charlie of everyone would have something to say about the story? Not seen it. Is it good?
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Post by makv on Dec 8, 2017 17:51:57 GMT
How come no one has commented about the latest story on W.E. today? I thought Charlie of everyone would have something to say about the story? Pretty sure he has. Just not on this thread.
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Post by Mark on Dec 8, 2017 17:55:36 GMT
How come no one has commented about the latest story on W.E. today? I thought Charlie of everyone would have something to say about the story? 24 caravans parking up?
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Post by oufcyellows on Dec 8, 2017 18:47:35 GMT
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Post by oufcyellows on Dec 8, 2017 18:48:13 GMT
How come no one has commented about the latest story on W.E. today? I thought Charlie of everyone would have something to say about the story? 24 caravans parking up? The transport links ain’t that good, they will have to travel by train like everyone else 😉
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Post by daveoufc on Dec 8, 2017 20:41:58 GMT
If the current stadium is only worth £8m but kassam wants £13m for it...
And the council wont let us build a new ground anywhere else in the city.
Then that extra £5m he wants for it surely isnt that bad value for something that is in actual fact priceless to us.
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Post by yellowbow on Dec 8, 2017 21:24:30 GMT
If the current stadium is only worth £8m but kassam wants £13m for it... And the council wont let us build a new ground anywhere else in the city. Then that extra £5m he wants for it surely isnt that bad value for something that is in actual fact priceless to us. You know what I've been thinking exactly the same thing. If I understood the minutes of the meeting recently released by Oxvox correctly, DE stated that funding a new stadium would be achieved if necessary. Surely purchasing the current stadium, even at an inflated price would make more financial sense than lashing out 20-25 million on a new ground..?
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Post by harrycarry on Dec 8, 2017 21:54:52 GMT
I would snatch his hand off for 13M in today's climate. Will take 25 years to get PP for another new ground we all know what Oxford CC is like.
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Post by ZeroTheHero on Dec 8, 2017 22:22:25 GMT
But the problem is.. who on earth is going to loan you £13m to buy an asset worth £8m? And even if someone was 'generous' enough to do so, what on earth would the repayments be!
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Post by lambchop on Dec 9, 2017 8:15:09 GMT
But the problem is.. who on earth is going to loan you £13m to buy an asset worth £8m? And even if someone was 'generous' enough to do so, what on earth would the repayments be! And will they sell you PPI?
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Post by oufcyellows on Dec 9, 2017 9:26:08 GMT
But the problem is.. who on earth is going to loan you £13m to buy an asset worth £8m? And even if someone was 'generous' enough to do so, what on earth would the repayments be! Northampton Council ?
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Post by manorlounger on Dec 9, 2017 9:39:22 GMT
Before actually thinking about where to find the money, how about an undertaking from FK to sell. He is under no pressure to rid himself of the stadium and, as it stands, it pays for itself while the land value goes up.
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Post by stewdonald on Dec 9, 2017 10:04:17 GMT
£13 million at 4% over 25 years on a repayment mortgage is is circa £850,000 per annum on repayments add £1 million for general repairs because it will need them then it is likely repayments are £900,000 per annum plus annual maintenance at say £200,000 so the costs to the club are likely to doubling that is without us even trying to improve and expand the ground or spend money developing the concourses etc.
With the greatest respect I have had many conversations with owners, fans etc where people have discussed with me contributing to this and i always get quoted things like the club will cost 4 or 6 million. The ground will be 8 or 10 maybe 13 million and fundamentally there is a huge difference between these figures. When people discuss these number they say 8 or 10 million and even on this thread people say an extra 5 million as if money just grows on trees and its no problem. Trying to persuade someone with the ability to pay 4 million for something worth 2 million or nothing or trying to buy a stadium for 13 million thats worth 8 million may sound like nothing when you write it down on a forum or discuss it on the terraces but when you stop to think it is massive. If you have the ability to do this a few things run through mind like :-
1)to buy it at the quoted £13 million the club is worse off with the hassle of running it and they may run it worse, unlikely but you need to budget for it unless you have lots of friendly cash available post purchase. 2) anyone with 10's of millions won't over pay to the extent it looks you might as it will not sit well, you have to also accept overpaying and someone making money on you which for people who have generally made money by doing good deals is not good for the ego! And no one in life likes overpaying but who really wants to burn 5 million pounds plus for something that is run down and neglected, it needs finishing and also has so many facilities around it that you can't build your own hotels etc etc
I am a fan which makes me more likely than most to accept these problems or issues for the greater good of the club but I struggle to justify spending my money that way albeit I am sure I could be persuaded if a deal looks possible. Basically even if it wasn't commercially sensibly I could be persuaded to take a view on some funds but the deal looks so so stupid I can't justify it. However there may be ways to make the deal look more sensible with fans/council involvement and a community feel but for a perspective purchaser or even Darryl i just cannot see how they would justify the numbers.
If you want the ground to make a difference and are commercial about it then you have to write off at least £20 to £25 million accepting you will have something worth potentially nothing or £150 million. The logic to that comment is that if you develop the stadium you will never move and therefore it is worth nothing for housing etc etc it just becomes an asset to help the club achieve success as you will never realise the land value and the club will stay there forever. Therefore the ground only becomes of value as an income generator to help the football club be successful. What is the club worth £150 at Premier League level? £20-25 million with stadium at championship level (you can get Some big championship clubs for that - i have been offered them). League One no idea but i wouldn't pay £10 million for OUFC even if it owned the ground in league 1 - it would still lose money if it had a typical promotion budget - i expect someone would though but if the ground comes with debt and high running costs it will be worth very little. So in the short term the club would be worse off if people funded it and required repayment so therefore we need someone with real vision and deep pockets to not be bothered and also spend money on the club. Or people who acquire it, don't develop it and have a plan to move sites and realise the real estate value of the current site whilst acquiring a cheaper site.
The one advantage we have over all over the clubs though is internationally the brand of Oxford, if marketed and invested in correctly it will make us one of the most attractive clubs in the world. We need to sell this point and explain we have a fanbase that can attract 30-40k people at Wembley, we are geographically well placed, a one team county, a booming population, a big potential fanbase etc and this can compensate for the spend. That is how i would attract worlwide investment. Why buy Reading, Hull, Wolves, Plymouth, Luton, Coventry, Huddersfield, Cardiff when you can have OXFORD UNITED etc - whilst they are the same size or bigger at the moment they are not globally the same as saying you own oxford to all these far eastern potential fans in India, China, Malaysia etc will fall in love with Oxford and it will be a good asset for you to mention in business dealings around the world - that is how i would massage the ego of a wealthy foreign investor - they could be convinced and i think that is our best chance. Focus on what we have - we have something no other club does - we are OXFORD UNITED don't miss out on owning one of the worlds best potentially untapped sporting brands!!!! - there you go i have convinced myself anyway!
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Post by foley on Dec 9, 2017 10:19:39 GMT
The one advantage we have over all over the clubs though is internationally the brand of Oxford, if marketed and invested in correctly it will make us one of the most attractive clubs in the world. We need to sell this point and explain we have a fanbase that can attract 30-40k people at Wembley, we are geographically well placed, a one team county, a booming population, a big potential fanbase etc and this can compensate for the spend. That is how i would attract worlwide investment. Why buy Reading, Hull, Wolves, Plymouth, Luton, Coventry, Huddersfield, Cardiff when you can have OXFORD UNITED etc - whilst they are the same size or bigger at the moment they are not globally the same as saying you own oxford to all these far eastern potential fans in India, China, Malaysia etc will fall in love with Oxford and it will be a good asset for you to mention in business dealings around the world - that is how i would massage the ego of a wealthy foreign investor - they could be convinced and i think that is our best chance. Focus on what we have - we have something no other club does - we are OXFORD UNITED don't miss out on owning one of the worlds best potentially untapped sporting brands!!!! - there you go i have convinced myself anyway! Do you have any very wealthy mates you could go in with Stewart? It seems to me that the next owner is quite critical in the club's medium term future. DE has done a very good job in many ways, but it took him a year at least to work out how important the Stadium issue is to the club. Ideally any new owner knows all of the issues and has the resources to push things forward. It does seem strange that somebody buying a football club at the money that OUFC has gone for does not know or realise all of the key issues, but it has happened a number of times now ...
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Post by manorlounger on Dec 9, 2017 10:30:00 GMT
What SD says makes perfect sense to me. Which makes me even more frustrated that the Sartori deal didn't happen. There was the individual with very deep pockets.
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Post by stewdonald on Dec 9, 2017 11:17:31 GMT
I am sure Darryl sees all of that too. He knows his numbers and the appeal of the brand. He will either get us to the championship or find someone who can. It will just depend on his situation, other commitments and desire to stay. I absolutely love owning a football club but if he is like me and most football club owners, some days we feel it is the greatest honour and love it, other days we think we are mad and can't believe how much money it costs us. As a boy you want to be a footballer, when you realise your not good enough you think you can manage and then if not you want to be an owner - thats why the football manager game is so popular - but for those who end up owning a club it can be quite lonely, expensive and hard at times. On the reverse it gives you some priceless moments and if you believe in the community, as De and I do, it can be very very rewarding.
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Post by makv on Dec 9, 2017 12:06:06 GMT
And that sounds like a perfect point to end this thread!
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Post by mcf86 on Dec 9, 2017 12:28:09 GMT
£13 million at 4% over 25 years on a repayment mortgage is is circa £850,000 per annum on repayments add £1 million for general repairs because it will need them then it is likely repayments are £900,000 per annum plus annual maintenance at say £200,000 so the costs to the club are likely to doubling that is without us even trying to improve and expand the ground or spend money developing the concourses etc. With the greatest respect I have had many conversations with owners, fans etc where people have discussed with me contributing to this and i always get quoted things like the club will cost 4 or 6 million. The ground will be 8 or 10 maybe 13 million and fundamentally there is a huge difference between these figures. When people discuss these number they say 8 or 10 million and even on this thread people say an extra 5 million as if money just grows on trees and its no problem. Trying to persuade someone with the ability to pay 4 million for something worth 2 million or nothing or trying to buy a stadium for 13 million thats worth 8 million may sound like nothing when you write it down on a forum or discuss it on the terraces but when you stop to think it is massive. If you have the ability to do this a few things run through mind like :- 1)to buy it at the quoted £13 million the club is worse off with the hassle of running it and they may run it worse, unlikely but you need to budget for it unless you have lots of friendly cash available post purchase. 2) anyone with 10's of millions won't over pay to the extent it looks you might as it will not sit well, you have to also accept overpaying and someone making money on you which for people who have generally made money by doing good deals is not good for the ego! And no one in life likes overpaying but who really wants to burn 5 million pounds plus for something that is run down and neglected, it needs finishing and also has so many facilities around it that you can't build your own hotels etc etc I am a fan which makes me more likely than most to accept these problems or issues for the greater good of the club but I struggle to justify spending my money that way albeit I am sure I could be persuaded if a deal looks possible. Basically even if it wasn't commercially sensibly I could be persuaded to take a view on some funds but the deal looks so so stupid I can't justify it. However there may be ways to make the deal look more sensible with fans/council involvement and a community feel but for a perspective purchaser or even Darryl i just cannot see how they would justify the numbers. If you want the ground to make a difference and are commercial about it then you have to write off at least £20 to £25 million accepting you will have something worth potentially nothing or £150 million. The logic to that comment is that if you develop the stadium you will never move and therefore it is worth nothing for housing etc etc it just becomes an asset to help the club achieve success as you will never realise the land value and the club will stay there forever. Therefore the ground only becomes of value as an income generator to help the football club be successful. What is the club worth £150 at Premier League level? £20-25 million with stadium at championship level (you can get Some big championship clubs for that - i have been offered them). League One no idea but i wouldn't pay £10 million for OUFC even if it owned the ground in league 1 - it would still lose money if it had a typical promotion budget - i expect someone would though but if the ground comes with debt and high running costs it will be worth very little. So in the short term the club would be worse off if people funded it and required repayment so therefore we need someone with real vision and deep pockets to not be bothered and also spend money on the club. Or people who acquire it, don't develop it and have a plan to move sites and realise the real estate value of the current site whilst acquiring a cheaper site. The one advantage we have over all over the clubs though is internationally the brand of Oxford, if marketed and invested in correctly it will make us one of the most attractive clubs in the world. We need to sell this point and explain we have a fanbase that can attract 30-40k people at Wembley, we are geographically well placed, a one team county, a booming population, a big potential fanbase etc and this can compensate for the spend. That is how i would attract worlwide investment. Why buy Reading, Hull, Wolves, Plymouth, Luton, Coventry, Huddersfield, Cardiff when you can have OXFORD UNITED etc - whilst they are the same size or bigger at the moment they are not globally the same as saying you own oxford to all these far eastern potential fans in India, China, Malaysia etc will fall in love with Oxford and it will be a good asset for you to mention in business dealings around the world - that is how i would massage the ego of a wealthy foreign investor - they could be convinced and i think that is our best chance. Focus on what we have - we have something no other club does - we are OXFORD UNITED don't miss out on owning one of the worlds best potentially untapped sporting brands!!!! - there you go i have convinced myself anyway! That has brought many of us 'dreamers' down to earth with a bump, when you talk facts and figures, plusses and minuses, it gives an insight as to what is required when dealing in the purchase of a football club and stadium, hard cash and madness mainly! Is there an issue over the stadium owners (fk) stance that he won't sell it to 'Individuals'? I'm sure he stated this previously but it hasn't been mentioned since.
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Post by stewdonald on Dec 9, 2017 12:49:23 GMT
Everything is for sale at a price normally.
However the other issue is you are dealing with someone who just doesn't need the money - ever, and is never going to. He gets an ok return and so you have to find a reason for him to release it - that is only going to be financial or legacy related i would think so in probability you need an individual or if he can't be tempted a community group to raise an amount of money that will be acceptable knowing it will not make financial sense. So the community group needs to think outside the box and find an angle when seeking investment or negotiating or find an alternative site - that when all said and done are the only options i would think. Is it possible - yes. Is it difficult, really difficult - yes for sure.
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Post by MJB on Dec 9, 2017 13:31:59 GMT
£13 million at 4% over 25 years on a repayment mortgage is is circa £850,000 per annum on repayments add £1 million for general repairs because it will need them then it is likely repayments are £900,000 per annum plus annual maintenance at say £200,000 so the costs to the club are likely to doubling that is without us even trying to improve and expand the ground or spend money developing the concourses etc. With the greatest respect I have had many conversations with owners, fans etc where people have discussed with me contributing to this and i always get quoted things like the club will cost 4 or 6 million. The ground will be 8 or 10 maybe 13 million and fundamentally there is a huge difference between these figures. When people discuss these number they say 8 or 10 million and even on this thread people say an extra 5 million as if money just grows on trees and its no problem. Trying to persuade someone with the ability to pay 4 million for something worth 2 million or nothing or trying to buy a stadium for 13 million thats worth 8 million may sound like nothing when you write it down on a forum or discuss it on the terraces but when you stop to think it is massive. If you have the ability to do this a few things run through mind like :- 1)to buy it at the quoted £13 million the club is worse off with the hassle of running it and they may run it worse, unlikely but you need to budget for it unless you have lots of friendly cash available post purchase. 2) anyone with 10's of millions won't over pay to the extent it looks you might as it will not sit well, you have to also accept overpaying and someone making money on you which for people who have generally made money by doing good deals is not good for the ego! And no one in life likes overpaying but who really wants to burn 5 million pounds plus for something that is run down and neglected, it needs finishing and also has so many facilities around it that you can't build your own hotels etc etc I am a fan which makes me more likely than most to accept these problems or issues for the greater good of the club but I struggle to justify spending my money that way albeit I am sure I could be persuaded if a deal looks possible. Basically even if it wasn't commercially sensibly I could be persuaded to take a view on some funds but the deal looks so so stupid I can't justify it. However there may be ways to make the deal look more sensible with fans/council involvement and a community feel but for a perspective purchaser or even Darryl i just cannot see how they would justify the numbers. If you want the ground to make a difference and are commercial about it then you have to write off at least £20 to £25 million accepting you will have something worth potentially nothing or £150 million. The logic to that comment is that if you develop the stadium you will never move and therefore it is worth nothing for housing etc etc it just becomes an asset to help the club achieve success as you will never realise the land value and the club will stay there forever. Therefore the ground only becomes of value as an income generator to help the football club be successful. What is the club worth £150 at Premier League level? £20-25 million with stadium at championship level (you can get Some big championship clubs for that - i have been offered them). League One no idea but i wouldn't pay £10 million for OUFC even if it owned the ground in league 1 - it would still lose money if it had a typical promotion budget - i expect someone would though but if the ground comes with debt and high running costs it will be worth very little. So in the short term the club would be worse off if people funded it and required repayment so therefore we need someone with real vision and deep pockets to not be bothered and also spend money on the club. Or people who acquire it, don't develop it and have a plan to move sites and realise the real estate value of the current site whilst acquiring a cheaper site. The one advantage we have over all over the clubs though is internationally the brand of Oxford, if marketed and invested in correctly it will make us one of the most attractive clubs in the world. We need to sell this point and explain we have a fanbase that can attract 30-40k people at Wembley, we are geographically well placed, a one team county, a booming population, a big potential fanbase etc and this can compensate for the spend. That is how i would attract worlwide investment. Why buy Reading, Hull, Wolves, Plymouth, Luton, Coventry, Huddersfield, Cardiff when you can have OXFORD UNITED etc - whilst they are the same size or bigger at the moment they are not globally the same as saying you own oxford to all these far eastern potential fans in India, China, Malaysia etc will fall in love with Oxford and it will be a good asset for you to mention in business dealings around the world - that is how i would massage the ego of a wealthy foreign investor - they could be convinced and i think that is our best chance. Focus on what we have - we have something no other club does - we are OXFORD UNITED don't miss out on owning one of the worlds best potentially untapped sporting brands!!!! - there you go i have convinced myself anyway! Agree with every word of this.
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Post by 1OUFC on Dec 9, 2017 14:28:37 GMT
Interestingly, Jerome Sale has said the appointment of a new MD, in his opinion, doesn’t mean that the takeover is off. Fingers crossed.
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Post by KLYellow on Dec 9, 2017 16:37:55 GMT
£13 million at 4% over 25 years on a repayment mortgage is is circa £850,000 per annum on repayments add £1 million for general repairs because it will need them then it is likely repayments are £900,000 per annum plus annual maintenance at say £200,000 so the costs to the club are likely to doubling that is without us even trying to improve and expand the ground or spend money developing the concourses etc. With the greatest respect I have had many conversations with owners, fans etc where people have discussed with me contributing to this and i always get quoted things like the club will cost 4 or 6 million. The ground will be 8 or 10 maybe 13 million and fundamentally there is a huge difference between these figures. When people discuss these number they say 8 or 10 million and even on this thread people say an extra 5 million as if money just grows on trees and its no problem. Trying to persuade someone with the ability to pay 4 million for something worth 2 million or nothing or trying to buy a stadium for 13 million thats worth 8 million may sound like nothing when you write it down on a forum or discuss it on the terraces but when you stop to think it is massive. If you have the ability to do this a few things run through mind like :- 1)to buy it at the quoted £13 million the club is worse off with the hassle of running it and they may run it worse, unlikely but you need to budget for it unless you have lots of friendly cash available post purchase. 2) anyone with 10's of millions won't over pay to the extent it looks you might as it will not sit well, you have to also accept overpaying and someone making money on you which for people who have generally made money by doing good deals is not good for the ego! And no one in life likes overpaying but who really wants to burn 5 million pounds plus for something that is run down and neglected, it needs finishing and also has so many facilities around it that you can't build your own hotels etc etc I am a fan which makes me more likely than most to accept these problems or issues for the greater good of the club but I struggle to justify spending my money that way albeit I am sure I could be persuaded if a deal looks possible. Basically even if it wasn't commercially sensibly I could be persuaded to take a view on some funds but the deal looks so so stupid I can't justify it. However there may be ways to make the deal look more sensible with fans/council involvement and a community feel but for a perspective purchaser or even Darryl i just cannot see how they would justify the numbers. If you want the ground to make a difference and are commercial about it then you have to write off at least £20 to £25 million accepting you will have something worth potentially nothing or £150 million. The logic to that comment is that if you develop the stadium you will never move and therefore it is worth nothing for housing etc etc it just becomes an asset to help the club achieve success as you will never realise the land value and the club will stay there forever. Therefore the ground only becomes of value as an income generator to help the football club be successful. What is the club worth £150 at Premier League level? £20-25 million with stadium at championship level (you can get Some big championship clubs for that - i have been offered them). League One no idea but i wouldn't pay £10 million for OUFC even if it owned the ground in league 1 - it would still lose money if it had a typical promotion budget - i expect someone would though but if the ground comes with debt and high running costs it will be worth very little. So in the short term the club would be worse off if people funded it and required repayment so therefore we need someone with real vision and deep pockets to not be bothered and also spend money on the club. Or people who acquire it, don't develop it and have a plan to move sites and realise the real estate value of the current site whilst acquiring a cheaper site. The one advantage we have over all over the clubs though is internationally the brand of Oxford, if marketed and invested in correctly it will make us one of the most attractive clubs in the world. We need to sell this point and explain we have a fanbase that can attract 30-40k people at Wembley, we are geographically well placed, a one team county, a booming population, a big potential fanbase etc and this can compensate for the spend. That is how i would attract worlwide investment. Why buy Reading, Hull, Wolves, Plymouth, Luton, Coventry, Huddersfield, Cardiff when you can have OXFORD UNITED etc - whilst they are the same size or bigger at the moment they are not globally the same as saying you own oxford to all these far eastern potential fans in India, China, Malaysia etc will fall in love with Oxford and it will be a good asset for you to mention in business dealings around the world - that is how i would massage the ego of a wealthy foreign investor - they could be convinced and i think that is our best chance. Focus on what we have - we have something no other club does - we are OXFORD UNITED don't miss out on owning one of the worlds best potentially untapped sporting brands!!!! - there you go i have convinced myself anyway! Fantastic post Stewart and exactly what I have tried to get across before. What's your thoughts about a joint University owned stadium?
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Post by Mark on Dec 9, 2017 17:01:57 GMT
I think it's worth pointing out that buying and running a football club isn't just about bricks and mortar and the assets you are buying. It can be love of the club, supporting the community etc.
Perhaps 95% of league clubs I think make losses each year, so whether you pay £1million or £5million for a club you are unlikely to get that back. Say it's the cost of a badge with "football club owner" on it, and then you still have to fund it. WPL thought £2million was worth buying out Kassam with an expected investment of £750K over the next three seasons. After eight seasons, the "investment" was up to some £8 million due to increasing losses.
At this point, Charlie's consortium thought £1million was the value of the club due to the ongoing losses. Yet Eales has apparently paid WPL some £4million, and it's up for debate whether player transfer fees / cup runs have recouped the losses incurred running the club or even repaid some of that investment.
So we can see three values applied to the club; £2million in 2006 for a struggling L2 club about to be relegated. £4million or £1million in 2014 for a L2 club that had lost all momentum in terms of promotion.
Now the club are within a short push of the Championship. It's fairly clear that a top three budget is a lot more than a play-off budget and then there's the cost of staying in the Championship if you can get there.
So how much do you reckon the club is "worth"? On an assets basis and with ongoing structural losses, nothing. But as a potential Championship side which with a bit of hefty investment you could for instance put in £10million a year and then get into the Premier League. So if you are looking at losing £10million a year to get to the Premier League, you might well pay £10million for the club in the first place. There are though cheaper clubs out there as Stewart Donald says, but the city of Oxford is known worldwide.
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