covboy1987
Well-Known Member
Wolves bought for 45 million - I would imagine that is the stadium and training ground and the whole set up including the players - What was our asking price when enquiries were been made
Wolves bought for 45 million (5 Viewers)
- Thread starter covboy1987
- Start date
letsallsingtogether
Well-Known Member
Joy wanted 90 million I believe
Nick
Administrator
Joy wanted 90 million I believe
Who was that to?
sportbilly
New Member
On BBC Sport web site: http://www.bbc.co.uk/sport/football/36852323
"Enter the Chinese on the wave of a massive interest in football, with their own Super League prospering, serious players being lured by fabulous contracts and TV coverage of English football soaring in scope.
The president has said he wants the World Cup staged in China within 20 years. The onward march into English football - and stakes in Atletico Madrid and AC Milan - is just one manifestation of that long-term aim.
The money is available to snap up these West Midlands clubs. Other bidders are just being blown out of the water by Chinese money."
"Enter the Chinese on the wave of a massive interest in football, with their own Super League prospering, serious players being lured by fabulous contracts and TV coverage of English football soaring in scope.
The president has said he wants the World Cup staged in China within 20 years. The onward march into English football - and stakes in Atletico Madrid and AC Milan - is just one manifestation of that long-term aim.
The money is available to snap up these West Midlands clubs. Other bidders are just being blown out of the water by Chinese money."
I_Saw_Shaw_Score
Well-Known Member
Who'd want to buy us?
Genuinely what are you getting in assets? Players? Ticket & sponsorship revenue?
What else?
Genuinely what are you getting in assets? Players? Ticket & sponsorship revenue?
What else?
Ian1779
Well-Known Member
Joy wanted 90 million I believe
To be honest if a match day revenues contract is worth £24m alone apparently then £90m is a steal.
Otis
Well-Known Member
I can understand Sisu wanting to recoup some of their investment, but the amounts bandied about on here and mentioned in despatches of wanting tens of millions is just ridiculous in terms of what anyone would be getting.
Without the Ricoh we are pretty much worthless aren't we?
Without the Ricoh we are pretty much worthless aren't we?
gears87
Active Member
Sorry posted wrong...fans cheering,singing the owners name that's what new owners will get
Ian1779
Well-Known Member
Any price for the club is really gonna be a payment for SISU to go with at least something. But then after that where would a new owner invest? Increase playing budget definitely - but no ground, no academy thanks to CCC - and not really opportunity to acquire these for the club if the desire and money was there. More rental deals will just see the club end up here again in 10 years time but with different people's names on the accounts.
ccfctommy
Well-Known Member
Literally the players, the name and the golden share to play in League One.
AFCCOVENTRY
Well-Known Member
Our club has no value apart from the playing squad, Ryton and a couple of years lease at the Ricoh.
Cheap as chips...
Cheap as chips...
IrishSkyBlue
Facebook User
yup thats it if your looking at us and have the money to like chinese do and were going to buy us, surely new stadium ect all be planned and a must if taking us over, but as said before where would you build would council allow within the boundaries ect, i suppose if a chinese investor threw enough money at them they wouldnt be long giving them best area they could get in cov im presuming ha.
shelby76
Well-Known Member
We have the brand, international managers who have played or represented the club, big fan base, potential fo growth.
IrishSkyBlue
Facebook User
If you were wealthy chinese investor in our situation take us over suppose first thing youd do is have go council and make sure they would allow you build a new staduim ect, wonder how much they would request or want out of it tho?
SkyBlueSid
Well-Known Member
This is what has been meant when people say the club has been run into the ground. The main asset of any club outside the Premier League will always be its stadium, and as we don't have one we are indeed worthless. At this level our players are as much a liability as an asset if they are in contract.
Our only hope is if a Chinese consortium decides CCFC is worth a gamble by picking the whole club up on the cheap. They will not sell for peanuts though so the downward spiral is destined to go on. Their tactic of hoping to fluke two promotions is not a plan in any way.
Nick
Administrator
But we have never owned the Ricoh, so it has always been like it.
Probably why we ended up with SISU in the first place
oldskyblue58
CCFC Finance Director
Wolverhampton Wanderers ltd (the football side) is owned by WW (1990) Ltd (the property side)which in turn is owned ultimately by Bridgemere Investments Ltd (a Guernsey registered company) (the ultimate holding co)
for year ended 31/05/15
WW (1990) ltd group had net assets on the balance sheet of £49m (included in that is the stadium valued at 43m and training facilities 9m) In 2015 the group made 731k profit and a profit of 8.5m in 2014
The group has no big loans or financing and turnover was 26m in 2015
There are no clever set ups with shares and it looks like no loans from owners
Not sure I need to say more than that to illustrate how far away CCFC is from a value of any kind
for year ended 31/05/15
WW (1990) ltd group had net assets on the balance sheet of £49m (included in that is the stadium valued at 43m and training facilities 9m) In 2015 the group made 731k profit and a profit of 8.5m in 2014
The group has no big loans or financing and turnover was 26m in 2015
There are no clever set ups with shares and it looks like no loans from owners
Not sure I need to say more than that to illustrate how far away CCFC is from a value of any kind
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Captain Dart
Well-Known Member
Or how badly they've been managed by successive regimes.
oldskyblue58
CCFC Finance Director
for various reasons this is an interesting page in the accounts in terms of perhaps our Championship aspirations. Take a look at the split of incomes and how they might relate to (a) owning a ground (b)the totals (c) our situation. Then look at the wages bill of a team that missed out of the play offs by quite a distance and (a) the amount paid and (b) the percentage of turnover.
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shy_tall_knight
Well-Known Member
What are league distributions ?
chiefdave
Well-Known Member
Money from the PL
shy_tall_knight
Well-Known Member
Wolves were relegated at the end of the 2011/12 season, would have had parachute payments in the 2012/12 & 2013/14 accounts but 2014/15 there still seems to be £12m of payments
chiefdave
Well-Known Member
If you strip out gate receipts our income is £3.5m compared to their £20.7m, a pretty big difference by anyone's standards.
chiefdave
Well-Known Member
you get money from the PL apart from parachute payment, we get something like £400K every year.
£12m does seem high without any parachute payments though.
ccfcway
Well-Known Member
have they found it ?
Captain Dart
Well-Known Member
MR ASHLEY MARTIN LEWIS the Director of W.W (1990) Ltd is doing very well for himself!
Brylowes
Well-Known Member
Yep.
And Joy now keeps it very safe, it's tucked away inside the battery compartment of
Her "Rampant Rabbit", that way she can fuck us over anytime she needs to cheer
Herself up.
italiahorse
Well-Known Member
Unless they already have one ?
Brylowes
Well-Known Member
Outside the premier league, this will always be the case.
RegTheDonk
Well-Known Member
I honestly don't see the lack of a ground as the stumbling block to someone with the kind of wad that is giving Guo Guangchang a hernia. People with pockets that deep will invest to get a long term return, and you've got a decent fan base if the product is right. His only problem would be how he goes about "buying" the council's cooperation. WASPs seem to have set a trend - I'll wager CCC would welcome anybody but SISU to turn CCFC around.
In terms of other assets, forget the ground, the players - the asset is the golden share. That's potentially worth an absolute fortune.