COMMENT: THE LATEST ON CLUB'S DEBT...

Why not? if our club is debt free its worth a lot more, stadium alone is worth 60 million at least

Because the stadium cannot be realistically sold. The land it’s on is the value, not the stadium itself. Who would buy it? It’s an accounting technique and nothing more. The land is worth what, £15m tops? However even that may also have a caveat on it that is cannot be sold - or indeed if it is then the buyers are restricted to sporting purposes as the land was gifted by the council wasn’t it?

The company itself loses money, the fact it has no immediate debt is largely irrelevant. The fact VT has had to write off millions and continues to do so suggests the company isn’t really solvent and would soon be running at a loss that the new owners would have to cover as Tan is. So a Championship club that loses money, with minimal saleable assets and minimal non-parachute income cannot be worth anywhere near a PL club with income streams of over £100m+ p/a.

Current value of the club is probably somewhere between £35m and £40m.

You are speaking absolute rubbish the stadium is owned by the club , doesn't matter about resale value it's still an asset on the books at around 60 million , if the club is debt free it makes it worth more , debt free , in profit with assets unlike swansea not having any assets other than a training ground which btw is UP for sale coz they are skint ! Our future parachute payments are more than 35 million , fair play you ain't got a clue roathy

“Worth”... to whom?

The only value a stadium has is its ability to be borrowed against and used as leverage, but that would only be a fraction of “book value” for the reasons I just stated. Whether the company has debt or not makes no difference to the “book value” of the stadium.

“Debt free” simply means that Tan has written off ongoing debts. The fact he has to, suggests the company is running at a loss. So that’s not debt free. Not even close.

Parachute payments are to cover a shortfall, not to be pocketed. Non parachute income is around £20m - £25m p/a, that’s peanuts. So if you consider that’s the companies turnover, which no saleable assets - my valuation is correct, if not generous.

Bore off no one cares

Why not? if our club is debt free its worth a lot more, stadium alone is worth 60 million at least

Because the stadium cannot be realistically sold. The land it’s on is the value, not the stadium itself. Who would buy it? It’s an accounting technique and nothing more. The land is worth what, £15m tops? However even that may also have a caveat on it that is cannot be sold - or indeed if it is then the buyers are restricted to sporting purposes as the land was gifted by the council wasn’t it?

The company itself loses money, the fact it has no immediate debt is largely irrelevant. The fact VT has had to write off millions and continues to do so suggests the company isn’t really solvent and would soon be running at a loss that the new owners would have to cover as Tan is. So a Championship club that loses money, with minimal saleable assets and minimal non-parachute income cannot be worth anywhere near a PL club with income streams of over £100m+ p/a.

Current value of the club is probably somewhere between £35m and £40m.

You are speaking absolute rubbish the stadium is owned by the club , doesn't matter about resale value it's still an asset on the books at around 60 million , if the club is debt free it makes it worth more , debt free , in profit with assets unlike swansea not having any assets other than a training ground which btw is UP for sale coz they are skint ! Our future parachute payments are more than 35 million , fair play you ain't got a clue roathy

A huge amount of cash has come in to the club since may2018 also, 200 million from sky, big crowds, merchandise and increased revenue streams from advertising etc....be nice to think we are finally clear of debts and can start to function more sustainably. I’m hearing the jacks are in all kinds of bother, borrowing off banks to exist, selling off the academy etc....we are lucky to have a money man hey, let’s hope he starts to learn how to run the club properly.

Why not? if our club is debt free its worth a lot more, stadium alone is worth 60 million at least

Because the stadium cannot be realistically sold. The land it’s on is the value, not the stadium itself. Who would buy it? It’s an accounting technique and nothing more. The land is worth what, £15m tops? However even that may also have a caveat on it that is cannot be sold - or indeed if it is then the buyers are restricted to sporting purposes as the land was gifted by the council wasn’t it?

The company itself loses money, the fact it has no immediate debt is largely irrelevant. The fact VT has had to write off millions and continues to do so suggests the company isn’t really solvent and would soon be running at a loss that the new owners would have to cover as Tan is. So a Championship club that loses money, with minimal saleable assets and minimal non-parachute income cannot be worth anywhere near a PL club with income streams of over £100m+ p/a.

Current value of the club is probably somewhere between £35m and £40m.

You are speaking absolute rubbish the stadium is owned by the club , doesn't matter about resale value it's still an asset on the books at around 60 million , if the club is debt free it makes it worth more , debt free , in profit with assets unlike swansea not having any assets other than a training ground which btw is UP for sale coz they are skint ! Our future parachute payments are more than 35 million , fair play you ain't got a clue roathy

Ignore him this is exactly the type of thread he baits to get an argument, where he will make shit up and wind you up for hours

Bore off Roathy no one will reply

Why not? if our club is debt free its worth a lot more, stadium alone is worth 60 million at least

Because the stadium cannot be realistically sold. The land it’s on is the value, not the stadium itself. Who would buy it? It’s an accounting technique and nothing more. The land is worth what, £15m tops? However even that may also have a caveat on it that is cannot be sold - or indeed if it is then the buyers are restricted to sporting purposes as the land was gifted by the council wasn’t it?

The company itself loses money, the fact it has no immediate debt is largely irrelevant. The fact VT has had to write off millions and continues to do so suggests the company isn’t really solvent and would soon be running at a loss that the new owners would have to cover as Tan is. So a Championship club that loses money, with minimal saleable assets and minimal non-parachute income cannot be worth anywhere near a PL club with income streams of over £100m+ p/a.

Current value of the club is probably somewhere between £35m and £40m.

You are speaking absolute rubbish the stadium is owned by the club , doesn't matter about resale value it's still an asset on the books at around 60 million , if the club is debt free it makes it worth more , debt free , in profit with assets unlike swansea not having any assets other than a training ground which btw is UP for sale coz they are skint ! Our future parachute payments are more than 35 million , fair play you ain't got a clue roathy

“Worth”... to whom?

The only value a stadium has is its ability to be borrowed against and used as leverage, but that would only be a fraction of “book value” for the reasons I just stated. Whether the company has debt or not makes no difference to the “book value” of the stadium.

“Debt free” simply means that Tan has written off ongoing debts. The fact he has to, suggests the company is running at a loss. So that’s not debt free. Not even close.

Parachute payments are to cover a shortfall, not to be pocketed. Non parachute income is around £20m - £25m p/a, that’s peanuts. So if you consider that’s the companies turnover, which no saleable assets - my valuation is correct, if not generous.

Bore off no one cares

The fact my informed post has received by far the most interest on the thread suggests otherwise. It’s because I speak sense.

Why not? if our club is debt free its worth a lot more, stadium alone is worth 60 million at least

Because the stadium cannot be realistically sold. The land it’s on is the value, not the stadium itself. Who would buy it? It’s an accounting technique and nothing more. The land is worth what, £15m tops? However even that may also have a caveat on it that is cannot be sold - or indeed if it is then the buyers are restricted to sporting purposes as the land was gifted by the council wasn’t it?

The company itself loses money, the fact it has no immediate debt is largely irrelevant. The fact VT has had to write off millions and continues to do so suggests the company isn’t really solvent and would soon be running at a loss that the new owners would have to cover as Tan is. So a Championship club that loses money, with minimal saleable assets and minimal non-parachute income cannot be worth anywhere near a PL club with income streams of over £100m+ p/a.

Current value of the club is probably somewhere between £35m and £40m.

You are speaking absolute rubbish the stadium is owned by the club , doesn't matter about resale value it's still an asset on the books at around 60 million , if the club is debt free it makes it worth more , debt free , in profit with assets unlike swansea not having any assets other than a training ground which btw is UP for sale coz they are skint ! Our future parachute payments are more than 35 million , fair play you ain't got a clue roathy

“Worth”... to whom?

The only value a stadium has is its ability to be borrowed against and used as leverage, but that would only be a fraction of “book value” for the reasons I just stated. Whether the company has debt or not makes no difference to the “book value” of the stadium.

“Debt free” simply means that Tan has written off ongoing debts. The fact he has to, suggests the company is running at a loss. So that’s not debt free. Not even close.

Parachute payments are to cover a shortfall, not to be pocketed. Non parachute income is around £20m - £25m p/a, that’s peanuts. So if you consider that’s the companies turnover, which no saleable assets - my valuation is correct, if not generous.

We could theoretically sell the stadium to anyone for £30/40/50/60m then lease it back off them long term.

This would provide a big upfront cash injection and a lot of Championship clubs are in fact doing this (selling to their owners) as a way of avoiding financial fair play and getting a big gain on their books.

So it is not totally worthless mate.

A huge amount of cash has come in to the club since may2018 also, 200 million from sky, big crowds, merchandise and increased revenue streams from advertising etc....be nice to think we are finally clear of debts and can start to function more sustainably. I’m hearing the jacks are in all kinds of bother, borrowing off banks to exist, selling off the academy etc....we are lucky to have a money man hey, let’s hope he starts to learn how to run the club properly.

Not a huge amount, just a single season in the PL amount.

Your income for that year would have been roughly £120m. But past income is not how you determine current value of a club. You say “finally clear of debt” - but that’s not true. The club is running at a loss, that is constant debt. Income is less than expenditure so in order to buy the club, the owner will be taking it on knowing it is a negative capital company. That is guaranteed debt - or ‘investment’.

We are no different. We won’t be selling the academy but we will certainly be downgrading status as it costs £2m+ a year to maintain category 1. It’s a PL luxury. Borrowing off banks is something nearly all clubs do these days as cashflow dictates you must with amortised payments and timings of TV payments.

Relegation is not pretty, as you are currently experiencing.

We could theoretically sell the stadium to anyone for £30/40/50/60m then lease it back off them long term.

This would provide a big upfront cash injection and a lot of Championship clubs are in fact doing this (selling to their owners) as a way of avoiding financial fair play and getting a big gain on their books.

So it is not totally worthless mate.

I didn’t say totally worthless, but anyone who thinks it is literally worth £80m+ is away with the fairies. You would be able to raise no more than £15m from the stadium, that’s being generous. The value a stadium has to a club is three fold:-

1) direct revenue streams from match day sales (catering, tickets, hospitality etc)
2) sponsorship - although increasingly difficult to source outside the PL
3) asset to borrow against

The stadium is essentially an un-saleable asset. Which is why many big clubs don’t bother. Man City for example also lease from Manchester council.

Why not? if our club is debt free its worth a lot more, stadium alone is worth 60 million at least

Because the stadium cannot be realistically sold. The land it’s on is the value, not the stadium itself. Who would buy it? It’s an accounting technique and nothing more. The land is worth what, £15m tops? However even that may also have a caveat on it that is cannot be sold - or indeed if it is then the buyers are restricted to sporting purposes as the land was gifted by the council wasn’t it?

The company itself loses money, the fact it has no immediate debt is largely irrelevant. The fact VT has had to write off millions and continues to do so suggests the company isn’t really solvent and would soon be running at a loss that the new owners would have to cover as Tan is. So a Championship club that loses money, with minimal saleable assets and minimal non-parachute income cannot be worth anywhere near a PL club with income streams of over £100m+ p/a.

Current value of the club is probably somewhere between £35m and £40m.

You are speaking absolute rubbish the stadium is owned by the club , doesn't matter about resale value it's still an asset on the books at around 60 million , if the club is debt free it makes it worth more , debt free , in profit with assets unlike swansea not having any assets other than a training ground which btw is UP for sale coz they are skint ! Our future parachute payments are more than 35 million , fair play you ain't got a clue roathy

“Worth”... to whom?

The only value a stadium has is its ability to be borrowed against and used as leverage, but that would only be a fraction of “book value” for the reasons I just stated. Whether the company has debt or not makes no difference to the “book value” of the stadium.

“Debt free” simply means that Tan has written off ongoing debts. The fact he has to, suggests the company is running at a loss. So that’s not debt free. Not even close.

Parachute payments are to cover a shortfall, not to be pocketed. Non parachute income is around £20m - £25m p/a, that’s peanuts. So if you consider that’s the companies turnover, which no saleable assets - my valuation is correct, if not generous.

We could theoretically sell the stadium to anyone for £30/40/50/60m then lease it back off them long term.

This would provide a big upfront cash injection and a lot of Championship clubs are in fact doing this (selling to their owners) as a way of avoiding financial fair play and getting a big gain on their books.

So it is not totally worthless mate.

Don't ask him he will say having a stadium is shit because Swansea doesn't have one, if they did and we didn't it would be they are so much better because they've got a stadium

We could theoretically sell the stadium to anyone for £30/40/50/60m then lease it back off them long term.

This would provide a big upfront cash injection and a lot of Championship clubs are in fact doing this (selling to their owners) as a way of avoiding financial fair play and getting a big gain on their books.

So it is not totally worthless mate.

I didn’t say totally worthless, but anyone who thinks it is literally worth £80m+ is away with the fairies. You would be able to raise no more than £15m from the stadium, that’s being generous. The value a stadium has to a club is three fold:-

1) direct revenue streams from match day sales (catering, tickets, hospitality etc)
2) sponsorship - although increasingly difficult to source outside the PL
3) asset to borrow against

The stadium is essentially an un-saleable asset. Which is why many big clubs don’t bother. Man City for example also lease from Manchester council.

Bore off no one cares about your made up shit!

Don't ask him he will say having a stadium is shit because Swansea doesn't have one, if they did and we didn't it would be they are so much better because they've got a stadium

Instead of ruining the thread by boring everyone with your constant drivel about me, how about you just ask me?

Having a stadium is not sh*t not is it particularly desirable. Owning a stadium comes with huge drawbacks, depreciation costs, upkeep, maintenance and insurance. As I said, there are a few benefits to owning a stadium too if you can maximise them (which not many clubs can). The smart clubs are striking mutually beneficial deals where they provide employment for the area, bring money into the City, pay the council regular rent and in return get to keep large chunks of the money they bring to the stadium and don’t have the massive overheads of owning it.

Owning a stadium on leased land with a single purpose land usage agreement is just something you can use to be creative in your accounting should you wish to. Off-setting losses against a stadium asset value that will never be realised is a little pointless in reality.

We could theoretically sell the stadium to anyone for £30/40/50/60m then lease it back off them long term.

This would provide a big upfront cash injection and a lot of Championship clubs are in fact doing this (selling to their owners) as a way of avoiding financial fair play and getting a big gain on their books.

So it is not totally worthless mate.

I didn’t say totally worthless, but anyone who thinks it is literally worth £80m+ is away with the fairies. You would be able to raise no more than £15m from the stadium, that’s being generous. The value a stadium has to a club is three fold:-

1) direct revenue streams from match day sales (catering, tickets, hospitality etc)
2) sponsorship - although increasingly difficult to source outside the PL
3) asset to borrow against

The stadium is essentially an un-saleable asset. Which is why many big clubs don’t bother. Man City for example also lease from Manchester council.

Bore off no one cares about your made up shit!

Un saleble for city but not for other clubs like derby a d several others? Maybe unsaleble but stil count on books whatever the price! And at least its something he doesn't know (miracles do happen)

Bore off no one cares about your made up shit!

Again, why are you destroying a thread just to show everyone how obsessed with me you are.

If you think I have made something up or disagree with something, then tell us all. I’m sure we would be interested to hear.

Un saleble for city but not for other clubs like derby a d several others? Maybe unsaleble but stil count on books whatever the price! And at least its something he doesn't know (miracles do happen)

That’s what I said, it’s a method to be creative with accounting. It (on paper at least) masks the reality of the situation.

What you have said, is essentially what I just said.

Another thread wrecked by this jerk, get a grip Annis FFS.

Another thread wrecked by this jerk, get a grip Annis FFS.

Problem is us fans like to discuss things without having a know it all spout his I know best attitude! There is no answer to it other than lock the topic! but as you know he'll interfere with any topic that he knows he can manipulate thats why never see him on mundane threads that he cannot do so, this thread is perfect for him as hes spent years perfecting his technique of talking +++++!

Why not? if our club is debt free its worth a lot more, stadium alone is worth 60 million at least

Because the stadium cannot be realistically sold. The land it’s on is the value, not the stadium itself. Who would buy it? It’s an accounting technique and nothing more. The land is worth what, £15m tops? However even that may also have a caveat on it that is cannot be sold - or indeed if it is then the buyers are restricted to sporting purposes as the land was gifted by the council wasn’t it?

The company itself loses money, the fact it has no immediate debt is largely irrelevant. The fact VT has had to write off millions and continues to do so suggests the company isn’t really solvent and would soon be running at a loss that the new owners would have to cover as Tan is. So a Championship club that loses money, with minimal saleable assets and minimal non-parachute income cannot be worth anywhere near a PL club with income streams of over £100m+ p/a.

Current value of the club is probably somewhere between £35m and £40m.

Obsessed.

Just bored....probably always wanted to be a bluebird too

Reading the forum has been so much better since putting him to ignore, I understand he gets comments on threads that are integral to the forums upkeep, but is it worth pissing off the majority to just get hits on threads? He honestly makes me cringe, it's like watching an arrogant nob on one of those talent shows, thinks he's the voice of his generation but in reality he sounds like a deflating bag pipe, he needs a large dose of modesty and humility tbh

Why not? if our club is debt free its worth a lot more, stadium alone is worth 60 million at least

Because the stadium cannot be realistically sold. The land it’s on is the value, not the stadium itself. Who would buy it? It’s an accounting technique and nothing more. The land is worth what, £15m tops? However even that may also have a caveat on it that is cannot be sold - or indeed if it is then the buyers are restricted to sporting purposes as the land was gifted by the council wasn’t it?

The company itself loses money, the fact it has no immediate debt is largely irrelevant. The fact VT has had to write off millions and continues to do so suggests the company isn’t really solvent and would soon be running at a loss that the new owners would have to cover as Tan is. So a Championship club that loses money, with minimal saleable assets and minimal non-parachute income cannot be worth anywhere near a PL club with income streams of over £100m+ p/a.

Current value of the club is probably somewhere between £35m and £40m.

Obsessed.

Just bored....probably always wanted to be a bluebird too

Reading the forum has been so much better since putting him to ignore, I understand he gets comments on threads that are integral to the forums upkeep, but is it worth pissing off the majority to just get hits on threads? He honestly makes me cringe, it's like watching an arrogant nob on one of those talent shows, thinks he's the voice of his generation but in reality he sounds like a deflating bag pipe, he needs a large dose of modesty and humility tbh

Hes a CCFC fan but probably holds a grudge
or something! His claim to be a swans fan is as fraudulent as he is, why else would he hang around like port Talbot smog!!

Why not? if our club is debt free its worth a lot more, stadium alone is worth 60 million at least

Because the stadium cannot be realistically sold. The land it’s on is the value, not the stadium itself. Who would buy it? It’s an accounting technique and nothing more. The land is worth what, £15m tops? However even that may also have a caveat on it that is cannot be sold - or indeed if it is then the buyers are restricted to sporting purposes as the land was gifted by the council wasn’t it?

The company itself loses money, the fact it has no immediate debt is largely irrelevant. The fact VT has had to write off millions and continues to do so suggests the company isn’t really solvent and would soon be running at a loss that the new owners would have to cover as Tan is. So a Championship club that loses money, with minimal saleable assets and minimal non-parachute income cannot be worth anywhere near a PL club with income streams of over £100m+ p/a.

Current value of the club is probably somewhere between £35m and £40m.

You are speaking absolute rubbish the stadium is owned by the club , doesn't matter about resale value it's still an asset on the books at around 60 million , if the club is debt free it makes it worth more , debt free , in profit with assets unlike swansea not having any assets other than a training ground which btw is UP for sale coz they are skint ! Our future parachute payments are more than 35 million , fair play you ain't got a clue roathy

“Worth”... to whom?

The only value a stadium has is its ability to be borrowed against and used as leverage, but that would only be a fraction of “book value” for the reasons I just stated. Whether the company has debt or not makes no difference to the “book value” of the stadium.

“Debt free” simply means that Tan has written off ongoing debts. The fact he has to, suggests the company is running at a loss. So that’s not debt free. Not even close.

Parachute payments are to cover a shortfall, not to be pocketed. Non parachute income is around £20m - £25m p/a, that’s peanuts. So if you consider that’s the companies turnover, which no saleable assets - my valuation is correct, if not generous.

We could theoretically sell the stadium to anyone for £30/40/50/60m then lease it back off them long term.

This would provide a big upfront cash injection and a lot of Championship clubs are in fact doing this (selling to their owners) as a way of avoiding financial fair play and getting a big gain on their books.

So it is not totally worthless mate.

Don't ask him he will say having a stadium is shit because Swansea doesn't have one, if they did and we didn't it would be they are so much better because they've got a stadium

The rusting bowl needs knocking down again, might aswell just build a nice 12,000 seater and be done with it

Why not? if our club is debt free its worth a lot more, stadium alone is worth 60 million at least

Because the stadium cannot be realistically sold. The land it’s on is the value, not the stadium itself. Who would buy it? It’s an accounting technique and nothing more. The land is worth what, £15m tops? However even that may also have a caveat on it that is cannot be sold - or indeed if it is then the buyers are restricted to sporting purposes as the land was gifted by the council wasn’t it?

The company itself loses money, the fact it has no immediate debt is largely irrelevant. The fact VT has had to write off millions and continues to do so suggests the company isn’t really solvent and would soon be running at a loss that the new owners would have to cover as Tan is. So a Championship club that loses money, with minimal saleable assets and minimal non-parachute income cannot be worth anywhere near a PL club with income streams of over £100m+ p/a.

Current value of the club is probably somewhere between £35m and £40m.

You are speaking absolute rubbish the stadium is owned by the club , doesn't matter about resale value it's still an asset on the books at around 60 million , if the club is debt free it makes it worth more , debt free , in profit with assets unlike swansea not having any assets other than a training ground which btw is UP for sale coz they are skint ! Our future parachute payments are more than 35 million , fair play you ain't got a clue roathy

“Worth”... to whom?

The only value a stadium has is its ability to be borrowed against and used as leverage, but that would only be a fraction of “book value” for the reasons I just stated. Whether the company has debt or not makes no difference to the “book value” of the stadium.

“Debt free” simply means that Tan has written off ongoing debts. The fact he has to, suggests the company is running at a loss. So that’s not debt free. Not even close.

Parachute payments are to cover a shortfall, not to be pocketed. Non parachute income is around £20m - £25m p/a, that’s peanuts. So if you consider that’s the companies turnover, which no saleable assets - my valuation is correct, if not generous.

We could theoretically sell the stadium to anyone for £30/40/50/60m then lease it back off them long term.

This would provide a big upfront cash injection and a lot of Championship clubs are in fact doing this (selling to their owners) as a way of avoiding financial fair play and getting a big gain on their books.

So it is not totally worthless mate.

Don't ask him he will say having a stadium is shit because Swansea doesn't have one, if they did and we didn't it would be they are so much better because they've got a stadium

The rusting bowl needs knocking down again, might aswell just build a nice 12,000 seater and be done with it

Isn't that a bit big for them?

Why not? if our club is debt free its worth a lot more, stadium alone is worth 60 million at least

Because the stadium cannot be realistically sold. The land it’s on is the value, not the stadium itself. Who would buy it? It’s an accounting technique and nothing more. The land is worth what, £15m tops? However even that may also have a caveat on it that is cannot be sold - or indeed if it is then the buyers are restricted to sporting purposes as the land was gifted by the council wasn’t it?

The company itself loses money, the fact it has no immediate debt is largely irrelevant. The fact VT has had to write off millions and continues to do so suggests the company isn’t really solvent and would soon be running at a loss that the new owners would have to cover as Tan is. So a Championship club that loses money, with minimal saleable assets and minimal non-parachute income cannot be worth anywhere near a PL club with income streams of over £100m+ p/a.

Current value of the club is probably somewhere between £35m and £40m.

The land is on a 150 year lease from the council

In which case the stadium is virtually worthless.

Rubbish , do one clown

Why not? if our club is debt free its worth a lot more, stadium alone is worth 60 million at least

Because the stadium cannot be realistically sold. The land it’s on is the value, not the stadium itself. Who would buy it? It’s an accounting technique and nothing more. The land is worth what, £15m tops? However even that may also have a caveat on it that is cannot be sold - or indeed if it is then the buyers are restricted to sporting purposes as the land was gifted by the council wasn’t it?

The company itself loses money, the fact it has no immediate debt is largely irrelevant. The fact VT has had to write off millions and continues to do so suggests the company isn’t really solvent and would soon be running at a loss that the new owners would have to cover as Tan is. So a Championship club that loses money, with minimal saleable assets and minimal non-parachute income cannot be worth anywhere near a PL club with income streams of over £100m+ p/a.

Current value of the club is probably somewhere between £35m and £40m.

You are speaking absolute rubbish the stadium is owned by the club , doesn't matter about resale value it's still an asset on the books at around 60 million , if the club is debt free it makes it worth more , debt free , in profit with assets unlike swansea not having any assets other than a training ground which btw is UP for sale coz they are skint ! Our future parachute payments are more than 35 million , fair play you ain't got a clue roathy

“Worth”... to whom?

The only value a stadium has is its ability to be borrowed against and used as leverage, but that would only be a fraction of “book value” for the reasons I just stated. Whether the company has debt or not makes no difference to the “book value” of the stadium.

“Debt free” simply means that Tan has written off ongoing debts. The fact he has to, suggests the company is running at a loss. So that’s not debt free. Not even close.

Parachute payments are to cover a shortfall, not to be pocketed. Non parachute income is around £20m - £25m p/a, that’s peanuts. So if you consider that’s the companies turnover, which no saleable assets - my valuation is correct, if not generous.

We could theoretically sell the stadium to anyone for £30/40/50/60m then lease it back off them long term.

This would provide a big upfront cash injection and a lot of Championship clubs are in fact doing this (selling to their owners) as a way of avoiding financial fair play and getting a big gain on their books.

So it is not totally worthless mate.

Don't ask him he will say having a stadium is shit because Swansea doesn't have one, if they did and we didn't it would be they are so much better because they've got a stadium

The rusting bowl needs knocking down again, might aswell just build a nice 12,000 seater and be done with it

Isn't that a bit big for them?

Probably, think they were down to 10k for Blackburn or Barnsley game, hopefully when back in league 1 soon it will be half again. He will disappear again then no doubt, like he did when we swapped places......

Why not? if our club is debt free its worth a lot more, stadium alone is worth 60 million at least

Because the stadium cannot be realistically sold. The land it’s on is the value, not the stadium itself. Who would buy it? It’s an accounting technique and nothing more. The land is worth what, £15m tops? However even that may also have a caveat on it that is cannot be sold - or indeed if it is then the buyers are restricted to sporting purposes as the land was gifted by the council wasn’t it?

The company itself loses money, the fact it has no immediate debt is largely irrelevant. The fact VT has had to write off millions and continues to do so suggests the company isn’t really solvent and would soon be running at a loss that the new owners would have to cover as Tan is. So a Championship club that loses money, with minimal saleable assets and minimal non-parachute income cannot be worth anywhere near a PL club with income streams of over £100m+ p/a.

Current value of the club is probably somewhere between £35m and £40m.

Obsessed.

Just bored....probably always wanted to be a bluebird too

Reading the forum has been so much better since putting him to ignore, I understand he gets comments on threads that are integral to the forums upkeep, but is it worth pissing off the majority to just get hits on threads? He honestly makes me cringe, it's like watching an arrogant nob on one of those talent shows, thinks he's the voice of his generation but in reality he sounds like a deflating bag pipe, he needs a large dose of modesty and humility tbh

Well spoken trouble is the dick knows we still get to see his drivel, when a poster pastes his post into theirs,but ignore button is better than nothing the man is an obsessive compulsive at best,an absolute freak at worst!

Why not? if our club is debt free its worth a lot more, stadium alone is worth 60 million at least

Because the stadium cannot be realistically sold. The land it’s on is the value, not the stadium itself. Who would buy it? It’s an accounting technique and nothing more. The land is worth what, £15m tops? However even that may also have a caveat on it that is cannot be sold - or indeed if it is then the buyers are restricted to sporting purposes as the land was gifted by the council wasn’t it?

The company itself loses money, the fact it has no immediate debt is largely irrelevant. The fact VT has had to write off millions and continues to do so suggests the company isn’t really solvent and would soon be running at a loss that the new owners would have to cover as Tan is. So a Championship club that loses money, with minimal saleable assets and minimal non-parachute income cannot be worth anywhere near a PL club with income streams of over £100m+ p/a.

Current value of the club is probably somewhere between £35m and £40m.

You are speaking absolute rubbish the stadium is owned by the club , doesn't matter about resale value it's still an asset on the books at around 60 million , if the club is debt free it makes it worth more , debt free , in profit with assets unlike swansea not having any assets other than a training ground which btw is UP for sale coz they are skint ! Our future parachute payments are more than 35 million , fair play you ain't got a clue roathy

“Worth”... to whom?

The only value a stadium has is its ability to be borrowed against and used as leverage, but that would only be a fraction of “book value” for the reasons I just stated. Whether the company has debt or not makes no difference to the “book value” of the stadium.

“Debt free” simply means that Tan has written off ongoing debts. The fact he has to, suggests the company is running at a loss. So that’s not debt free. Not even close.

Parachute payments are to cover a shortfall, not to be pocketed. Non parachute income is around £20m - £25m p/a, that’s peanuts. So if you consider that’s the companies turnover, which no saleable assets - my valuation is correct, if not generous.

Bore off no one cares

The fact my informed post has received by far the most interest on the thread suggests otherwise. It’s because I speak sense.

I remember when you were telling us that Tan would be asset stripping Cardiff City subsequent to our relegation from the Premier league un der Ole Gunnar Solsjkaer. It was a balantly obsequious attempt to ingratiate yourself with the owner of this site.
You claimed that you had superior knowledge of the financial situation at Cardiff City because you were a succesful property developer in Queensland as well as simultaneously owning an investment company in the Uk.

I read with interest that you now claiming to be a salaried employee involved in the sports industry.

I'm so sorry that your inspiring property development business, that you co-owned with you fabulously gifted, ex-model fiancé failed so badly.

You are a fraudulent, fatuous, fabrication of your own fantastical Imagination.

I feel pity.

Once again Mr Tan true to his word, Thank you Mr Tan

Always got time for a man who can admit and rectify his mistakes and it's nice to see the club being run like a business as some of us folk can remember the very bad old days when we had to more or less give players away just to stay afloat!!

Agreed with that just need to move up the table now that would be nice

oh
its not about debt .

Why not? if our club is debt free its worth a lot more, stadium alone is worth 60 million at least

Because the stadium cannot be realistically sold. The land it’s on is the value, not the stadium itself. Who would buy it? It’s an accounting technique and nothing more. The land is worth what, £15m tops? However even that may also have a caveat on it that is cannot be sold - or indeed if it is then the buyers are restricted to sporting purposes as the land was gifted by the council wasn’t it?

The company itself loses money, the fact it has no immediate debt is largely irrelevant. The fact VT has had to write off millions and continues to do so suggests the company isn’t really solvent and would soon be running at a loss that the new owners would have to cover as Tan is. So a Championship club that loses money, with minimal saleable assets and minimal non-parachute income cannot be worth anywhere near a PL club with income streams of over £100m+ p/a.

Current value of the club is probably somewhere between £35m and £40m.

You are speaking absolute rubbish the stadium is owned by the club , doesn't matter about resale value it's still an asset on the books at around 60 million , if the club is debt free it makes it worth more , debt free , in profit with assets unlike swansea not having any assets other than a training ground which btw is UP for sale coz they are skint ! Our future parachute payments are more than 35 million , fair play you ain't got a clue roathy

“Worth”... to whom?

The only value a stadium has is its ability to be borrowed against and used as leverage, but that would only be a fraction of “book value” for the reasons I just stated. Whether the company has debt or not makes no difference to the “book value” of the stadium.

“Debt free” simply means that Tan has written off ongoing debts. The fact he has to, suggests the company is running at a loss. So that’s not debt free. Not even close.

Parachute payments are to cover a shortfall, not to be pocketed. Non parachute income is around £20m - £25m p/a, that’s peanuts. So if you consider that’s the companies turnover, which no saleable assets - my valuation is correct, if not generous.

Bore off no one cares

The fact my informed post has received by far the most interest on the thread suggests otherwise. It’s because I speak sense.

I remember when you were telling us that Tan would be asset stripping Cardiff City subsequent to our relegation from the Premier league un der Ole Gunnar Solsjkaer. It was a balantly obsequious attempt to ingratiate yourself with the owner of this site.
You claimed that you had superior knowledge of the financial situation at Cardiff City because you were a succesful property developer in Queensland as well as simultaneously owning an investment company in the Uk.

I read with interest that you now claiming to be a salaried employee involved in the sports industry.

I'm so sorry that your inspiring property development business, that you co-owned with you fabulously gifted, ex-model fiancé failed so badly.

You are a fraudulent, fatuous, fabrication of your own fantastical Imagination.

I feel pity.

I heard he used to work at the chemical bank in Cardiff years ago.....bit of an oddball

Why not? if our club is debt free its worth a lot more, stadium alone is worth 60 million at least

Because the stadium cannot be realistically sold. The land it’s on is the value, not the stadium itself. Who would buy it? It’s an accounting technique and nothing more. The land is worth what, £15m tops? However even that may also have a caveat on it that is cannot be sold - or indeed if it is then the buyers are restricted to sporting purposes as the land was gifted by the council wasn’t it?

The company itself loses money, the fact it has no immediate debt is largely irrelevant. The fact VT has had to write off millions and continues to do so suggests the company isn’t really solvent and would soon be running at a loss that the new owners would have to cover as Tan is. So a Championship club that loses money, with minimal saleable assets and minimal non-parachute income cannot be worth anywhere near a PL club with income streams of over £100m+ p/a.

Current value of the club is probably somewhere between £35m and £40m.

You are speaking absolute rubbish the stadium is owned by the club , doesn't matter about resale value it's still an asset on the books at around 60 million , if the club is debt free it makes it worth more , debt free , in profit with assets unlike swansea not having any assets other than a training ground which btw is UP for sale coz they are skint ! Our future parachute payments are more than 35 million , fair play you ain't got a clue roathy

“Worth”... to whom?

The only value a stadium has is its ability to be borrowed against and used as leverage, but that would only be a fraction of “book value” for the reasons I just stated. Whether the company has debt or not makes no difference to the “book value” of the stadium.

“Debt free” simply means that Tan has written off ongoing debts. The fact he has to, suggests the company is running at a loss. So that’s not debt free. Not even close.

Parachute payments are to cover a shortfall, not to be pocketed. Non parachute income is around £20m - £25m p/a, that’s peanuts. So if you consider that’s the companies turnover, which no saleable assets - my valuation is correct, if not generous.

Bore off no one cares

The fact my informed post has received by far the most interest on the thread suggests otherwise. It’s because I speak sense.

I remember when you were telling us that Tan would be asset stripping Cardiff City subsequent to our relegation from the Premier league un der Ole Gunnar Solsjkaer. It was a balantly obsequious attempt to ingratiate yourself with the owner of this site.
You claimed that you had superior knowledge of the financial situation at Cardiff City because you were a succesful property developer in Queensland as well as simultaneously owning an investment company in the Uk.

I read with interest that you now claiming to be a salaried employee involved in the sports industry.

I'm so sorry that your inspiring property development business, that you co-owned with you fabulously gifted, ex-model fiancé failed so badly.

You are a fraudulent, fatuous, fabrication of your own fantastical Imagination.

I feel pity.

I heard he used to work at the chemical bank in Cardiff years ago.....bit of an oddball

Think he's gone for a little while probably until a thread he can manipulate comes along ? But it wont be in the mokka hes using now.

Why not? if our club is debt free its worth a lot more, stadium alone is worth 60 million at least

Because the stadium cannot be realistically sold. The land it’s on is the value, not the stadium itself. Who would buy it? It’s an accounting technique and nothing more. The land is worth what, £15m tops? However even that may also have a caveat on it that is cannot be sold - or indeed if it is then the buyers are restricted to sporting purposes as the land was gifted by the council wasn’t it?

The company itself loses money, the fact it has no immediate debt is largely irrelevant. The fact VT has had to write off millions and continues to do so suggests the company isn’t really solvent and would soon be running at a loss that the new owners would have to cover as Tan is. So a Championship club that loses money, with minimal saleable assets and minimal non-parachute income cannot be worth anywhere near a PL club with income streams of over £100m+ p/a.

Current value of the club is probably somewhere between £35m and £40m.

You are speaking absolute rubbish the stadium is owned by the club , doesn't matter about resale value it's still an asset on the books at around 60 million , if the club is debt free it makes it worth more , debt free , in profit with assets unlike swansea not having any assets other than a training ground which btw is UP for sale coz they are skint ! Our future parachute payments are more than 35 million , fair play you ain't got a clue roathy

“Worth”... to whom?

The only value a stadium has is its ability to be borrowed against and used as leverage, but that would only be a fraction of “book value” for the reasons I just stated. Whether the company has debt or not makes no difference to the “book value” of the stadium.

“Debt free” simply means that Tan has written off ongoing debts. The fact he has to, suggests the company is running at a loss. So that’s not debt free. Not even close.

Parachute payments are to cover a shortfall, not to be pocketed. Non parachute income is around £20m - £25m p/a, that’s peanuts. So if you consider that’s the companies turnover, which no saleable assets - my valuation is correct, if not generous.

Bore off no one cares

The fact my informed post has received by far the most interest on the thread suggests otherwise. It’s because I speak sense.

I remember when you were telling us that Tan would be asset stripping Cardiff City subsequent to our relegation from the Premier league un der Ole Gunnar Solsjkaer. It was a balantly obsequious attempt to ingratiate yourself with the owner of this site.
You claimed that you had superior knowledge of the financial situation at Cardiff City because you were a succesful property developer in Queensland as well as simultaneously owning an investment company in the Uk.

I read with interest that you now claiming to be a salaried employee involved in the sports industry.

I'm so sorry that your inspiring property development business, that you co-owned with you fabulously gifted, ex-model fiancé failed so badly.

You are a fraudulent, fatuous, fabrication of your own fantastical Imagination.

I feel pity.

I heard he used to work at the chemical bank in Cardiff years ago.....bit of an oddball

Think he's gone for a little while probably until a thread he can manipulate comes along ? But it wont be in the mokka hes using now.

Know a couple of people who worked for Chemical Bank when it was in Cardiff who had worked with me previously. A name from the past, had forgotten about that company. He will be back. Roathy thinks that if his is the last comment in a thread, he has won an argument. As I said before, a bit like the irritating kid we all knew in the school playground, the did didn't did didn't kid. He won't be able to sleep with the thought that he may not have had the last word. I guarantee that the last person to comment in this thread will be Roathy, bless him.

Why not? if our club is debt free its worth a lot more, stadium alone is worth 60 million at least

Because the stadium cannot be realistically sold. The land it’s on is the value, not the stadium itself. Who would buy it? It’s an accounting technique and nothing more. The land is worth what, £15m tops? However even that may also have a caveat on it that is cannot be sold - or indeed if it is then the buyers are restricted to sporting purposes as the land was gifted by the council wasn’t it?

The company itself loses money, the fact it has no immediate debt is largely irrelevant. The fact VT has had to write off millions and continues to do so suggests the company isn’t really solvent and would soon be running at a loss that the new owners would have to cover as Tan is. So a Championship club that loses money, with minimal saleable assets and minimal non-parachute income cannot be worth anywhere near a PL club with income streams of over £100m+ p/a.

Current value of the club is probably somewhere between £35m and £40m.

You are speaking absolute rubbish the stadium is owned by the club , doesn't matter about resale value it's still an asset on the books at around 60 million , if the club is debt free it makes it worth more , debt free , in profit with assets unlike swansea not having any assets other than a training ground which btw is UP for sale coz they are skint ! Our future parachute payments are more than 35 million , fair play you ain't got a clue roathy

“Worth”... to whom?

The only value a stadium has is its ability to be borrowed against and used as leverage, but that would only be a fraction of “book value” for the reasons I just stated. Whether the company has debt or not makes no difference to the “book value” of the stadium.

“Debt free” simply means that Tan has written off ongoing debts. The fact he has to, suggests the company is running at a loss. So that’s not debt free. Not even close.

Parachute payments are to cover a shortfall, not to be pocketed. Non parachute income is around £20m - £25m p/a, that’s peanuts. So if you consider that’s the companies turnover, which no saleable assets - my valuation is correct, if not generous.

Bore off no one cares

The fact my informed post has received by far the most interest on the thread suggests otherwise. It’s because I speak sense.

I remember when you were telling us that Tan would be asset stripping Cardiff City subsequent to our relegation from the Premier league un der Ole Gunnar Solsjkaer. It was a balantly obsequious attempt to ingratiate yourself with the owner of this site.
You claimed that you had superior knowledge of the financial situation at Cardiff City because you were a succesful property developer in Queensland as well as simultaneously owning an investment company in the Uk.

I read with interest that you now claiming to be a salaried employee involved in the sports industry.

I'm so sorry that your inspiring property development business, that you co-owned with you fabulously gifted, ex-model fiancé failed so badly.

You are a fraudulent, fatuous, fabrication of your own fantastical Imagination.

I feel pity.

I heard he used to work at the chemical bank in Cardiff years ago.....bit of an oddball

Think he's gone for a little while probably until a thread he can manipulate comes along ? But it wont be in the mokka hes using now.

Know a couple of people who worked for Chemical Bank when it was in Cardiff who had worked with me previously. A name from the past, had forgotten about that company. He will be back. Roathy thinks that if his is the last comment in a thread, he has won an argument. As I said before, a bit like the irritating kid we all knew in the school playground, the did didn't did didn't kid. He won't be able to sleep with the thought that he may not have had the last word. I guarantee that the last person to comment in this thread will be Roathy, bless him.

Not if they lock thread which I think should happen its run its course long time ago .

Sell Before We Buy ???