Our beloved owner speaks

According to this we are worth circa £24 million which is more than they paid.

https://www.transfermarkt.co.uk/championship/marktwerteverein/wettbewerb/GB2

 

You don't have to be a sleeping giant. Were Brentford or Wigan sleeping giants? You don't need history. An owner will judge a club on its merits. That we aren't yet heavily indebted thanks to the generous write offs of the Cryne family makes us an attractive option.

 

I've said previously that I expect our next change of ownership to be via administration, given the way the club is being run, but I have little doubt that we'd get new ownership at the end of it. Where else is there to go for an ownership that refuses to invest any funds, is slowly burning up the available cash they have and are diminishing the main revenue streams they have available via steering us headlong towards League One with a squad of players that are likely diminishing in resale value as a result of it.

It would be considerably cheaper for new owners to purchase us out of admin than it would for them to stump up whatever unrealistic valuation that PMG put on their investment.

I'm pretty much resigned to it happening. The only question is when, and whether the points deduction would guarantee us relegation from whatever league we were in at the time.

 

Would they allow it though? Whatever strategy (though I've never been sure they have one) they may believe they are following, much of their herald at a new club is some sort of spin of success at one of their previous/current clubs.

If they bust us, that tarnishes them from the start of any newly acquired club (likely Scotland). If price is a stumbling point at present, I'd be more expectant of a fire sale to extract that money like the £750k and then use the restrictions of Brexit/UK border policy as an excuse to "reluctantly" accept a more nominal offer having extracted some return in other ways to a straight profit on disposal.

 

I couldn’t agree more. The thing that puzzles me though, is exactly what the perceived asset value is likely to be, and why some of our fellow supporters appear to believe that the current owners would be able to demand some sort of enormous amount if another party wished to purchase the football club. In terms of assets, they have whatever cash is sitting on the Balance Sheet, whatever residual debtor value there remains from player sales, and a squad of footballers whose value, you would think, is diminishing by the week. Oh, and Goodwill (not sure how much of that remains given the number of longtime supporters who are insisting that they will not renew!). Importantly however, they also own our Football League share. In terms of liabilities they have general creditors, and a squad of footballers, on extended contracts, whose value is presumably diminishing by the week. Not sure they are in that strong a position to be honest, and taking us into Administration is probably the most likely outcome as things stand. But you never know, they might inject a load of cash and surprise us. And I’ve just seen a pig fly down Dodworth high street.