This thing at Garrison on Tuesday...

@Loko the Tyke if that is the case and fans are indifferent to the owners dipping in the club, I’d be quite happy to stump up £7m to take out £750k pa.

They can all come along safe in the knowledge that the future of the club isn’t at risk, and I can use my pension pot to enhance my retirement income by buying the club.

That is as black and white as it is Ben. Billionaires taking Barnsley folk for fools, in some cases preying on that loyalty to the club whilst taking their hard earned money.

That just doesn’t feel right lad.

 

Bang on

 

I already said I'd give 20 if I could have the ground just last week. And just let everyone pay for it every year for the next ten years

 

It isn't quite that black and white though is it. The whole matter has been referred to the courts to decide, and I believe that the court will support the Cryne's on the matter. For that reason, I have parked the £750k, but I am open to discussion on the rest of their management of the club.

 

Given that the accounts state that the payment came on behalf of BFC Investment, What would be the rationale for that? Why would you create a loan to Topco if the arrangement was to pay it from the club?

If the arrangement was to pay from the club, why didn’t Patrick dividend out the excess cash at the time of transaction? In a transaction £1 cash equals £1 value. Given that these amounts were agreed at the time of the transaction and subsequently reduced why have they not been paid?

If you want to give them the benefit of the doubt it’s wholly your opinion but I think I’m happy with my view.

 

You know my view on this as we have discussed it privately. I believe the payment is illegal, but there is just no point in getting exited about it when it is being dealt with through the courts. I have set it aside and I will discuss any other issues arising from their management.

 

How would you rate their ability to trade in players since their arrival in December 2017? What would you see as their notable successes and do you believe their trading policy has been value additive to the club?

 

The only thing they own though is ‘player value’ and League Share. Can’t see anyone offering more than 5-10 million for that and I’m being generous there.

 

Almost no-one is spending money in this window, and that is especially true of clubs below the Premier League. Most deals in the EFL are loan deals. You cannot sell if no-one (outside Bournemouth) has the money to buy.

 

I think you are right. I can only see ‘the asset’ reducing in value. I don’t think there is an easy way out for them equally staying in seems like a poor move too.

 

All I can see on the horizon is crowds around 6k and a League 1 relegation struggle. No one is gonna be giving them much money for a L2 who don’t own their ground and are poorly supported

 

That’s a big if.

I don’t think people are bluffing about renewing season tickets and match day pricing makes pay on the day unaffordable for most. If we break 6k season tickets next season that would be a massive success.

 

Good point. A business can be valued in many ways. The common one is the value of assets plus goodwill, which I am sure many people are aware. So the potential position for the club is that the asset value will be significantly reduced next season. In addition we have to question what 'goodwill' is in a footballing sense. I would suggest this is the brand for marketing, the fan base and potential catchment, potential for attracting players and sponsors etc. So I would also suggest that the goodwill valuation could be argued down from this season. What that amounts to is a club worth less and therefore not attractive for owners to sell. Although it is attractive for potential buyers. If the club is sold in the next 18 months I think someone will be paying over the odds in valuation terms, but then the question of what is they aim comes in. The return on investment as we know in football can range from anything like 'money management', hobbyist plaything, capital returns, love etc lol

 

When we sign a player and pay a transfer fee, that fee goes on the Balance Sheet. It is written down in annual installments over the length of his contract. The value of players on a club's Balance Sheet is therefore the total amount paid for players, less the total amount written off to amortisation. It will immediately be clear that any player signed without a fee has no value attached to his worth on the Balance Sheet. This also applies to any player making the step up from the academy. I cannot think of an occasion when the true value of players on contract at the club will not be higher than their combined Balance Sheet valuation. Indeed, any player whose value is higher than his market value should have his value written down to market value in the accounts. If their contracts all expired together on the year end, and they could all leave for nothing on the day following, the the Balance Sheet value and their actual value would be the same - £zero.