It is all hypothetical , unless they actually put the club up for sale then as much as we all seem to want it nothing will happen .
The agreed fee four and a half years ago was £6.4m plus £5m in respect of cash on balance sheet for 80%. Now the cash has gone and replaced by a debt of £3.6m. A similar valuation based on today’s metrics would be around £5m for 100% of the club. Given the expected losses for a season in league one that figure could be argued much lower. Unless Conway et al have a realistic valuation on the club then it is unlikely any purchaser will come forward.
Whos going to part with 15million for a league one club with no rights to the ground abit of debt a awful squad and about 6k season ticket holders. That said if the valuation is realistic i think we could find a buyer if a rugby town like wigam can find a buyer im sure we can.
Remember that Khaled only confirmed to Barnsley fans via a n ifollow video that our owners told him they would sell for the right price but didn't give any indication what that was and those owners are in hiding
No one. I think that’s my point. I think the actual amount that anyone would be willing to part with, won’t come close to what the owners will be after. I hope I’m wrong. I properly hope I’m wrong.
Wouldn’t you need to start off with £6 million plus to match their contribution? Genuine question. It’s the performance bonus they haven’t paid isn’t it?
Can’t say I’m an expert all I know is that they renegotiated the monies owed and then failed to pay them. Would seem difficult for them to sell on even if they had an offer while that is decided. Particularly if they just don’t have the finance to pay what is owed. All I know is that I’m sick of them.
Can’t disagree with the sentiment at all mate. But anyone wanting to buy the club will need to give them back what they initially put in plus what the courts might make them pay. Confident we’ll clear enough of the decks this Summer and not be feeling like this in six months time.
Yeah I’d say there is pretty much zero chance of a sale of a L1 club with no ground and debt. So think they will be here for a while longer at least.
They bought equity in Barnsley football club. Why do you think that this means that they get back what they put in? The valuation of BFC would be and was determined by assets, at the time of the purchase around £5m cash plus value ascribed to players/league membership. The current position is a debt of £3.6m, no cash and the need to remove a large chunk of the payroll to meet a reduced budget the following year. Selling £8m of players will, in the short term, bring stability but would only meet the current shortfall plus expected losses for 2022/3. Payroll needs to shrink from £14m to closer to £5m for the club to be be sustainable in league one. Given that position it’s hard to see why anyone would pay above a nominal sum to take on a liability. Far more likely that Chien and Lee will hand this back to Cryne Jnr and maybe another minority shareholder. They can use Brexit and their inability to buy the ground as their excuse and walk away. This would also be a rather convenient way of settling the outstanding payment row. This would keep their reputation as savy football investors intact and avoid the protracted need for further financing and potentially greater losses. Just a theory but I do wonder if the good news we are being promised is along these lines.
I see where you are coming from but put another way, they bought a championship club with £5m of cash and are selling, in all probability, a league one club with £3.6m of debt.
Finance and accounting are incredibly complicated beasts, so there is a lot I don't understand about how our owners operate (don't operate?), but how does giving away a club they've lost money on keep their reputation as savvy investors intact? Surely that would have the opposite effect wouldn't it?
They blame circumstance, Brexit and the inability to purchase the ground. Both factors stop them implementing their long term development plan. Without these factors they would have been successful. Or in other words, it’s not us it’s them. Move on damage limitation.
better than going into admin? Better than the focus being on discontented fans like at Nancy? It's not their money, they are encouraging people to invest in their schemes. They need to sugarcoat any losses, sunk cost fallacy will probably be at the forefront of their thinking.
It doesn’t have to wash with the other clubs, it simply has to work with potential investors to raise the capital they are using. Counter press SPAC raised $75m despite the travails of their portfolio clubs. Their story is working.
