King Power Out

[coolhandfox]

Why do people engage with the morons on FB, leave them to it.

[teblin]

42 minutes ago, coolhandfox said:

Why do people engage with the morons on FB, leave them to it.

Like playing chess with a pigeon... 

[Sol thewall Bamba]

7 hours ago, Miquel The Work Geordie said:

I don't understand how these goblins just completely disregard people who are experts or who know more than them if they aren't feeding them what they want to hear.

 

You can take any football finance expert with a pinch of salt, sure – but you can't just pluck £530 million from nowhere. The justification for the guess? Been an ST holder for a while.

 

I genuinely don't know how these twats get dressed.

Yeah don't listen to Kieran Maguire on football finance, Denise Midgley and Linda Ginetta are the real football finance experts, get them on the pod @Ric Flair

[FoxesTez]

7 hours ago, los dedos said:

Don't worry folks Linda thinks we're worth half a billion. 

Ah, Linda.

 

Overestimating club value like she overestimates the age of visitors to her sofa. 

[BenTheFox]

7 hours ago, Miquel The Work Geordie said:

I don't understand how these goblins just completely disregard people who are experts or who know more than them if they aren't feeding them what they want to hear.

 

You can take any football finance expert with a pinch of salt, sure – but you can't just pluck £530 million from nowhere. The justification for the guess? Been an ST holder for a while.

 

I genuinely don't know how these twats get dressed.

For context, she's valued us at over £100 million more than what Brentford, who are a stable Premier League club in a financially stable position, would be valued at.

[Vlad the Fox]

1 hour ago, teblin said:

Like playing chess with a pigeon... 

yeah, in the end it’ll knock over all the pieces and the fvcker will still strut around like it’s won. 

Edited 14 hours ago by Vlad the Fox

[Officer Doofy]

40 minutes ago, Sol thewall Bamba said:

Yeah don't listen to Kieran Maguire on football finance, Denise Midgley and Linda Ginetta are the real football finance experts, get them on the pod @Ric Flair

Now you mention it, that would be ****ing brilliant. 

[Officer Doofy]

Charlton are up for sale again after being purchased for just £15m 3 years ago. 

 

What do we actually have over a club like Charlton other than a really expensive training ground? 

[BenTheFox]

1 hour ago, Officer Doofy said:

Charlton are up for sale again after being purchased for just £15m 3 years ago. 

 

What do we actually have over a club like Charlton other than a really expensive training ground? 

Name recognition, major honours and a bigger fanbase. They are based in London though, which is a big plus point for them. 

[Dan]

How are these people this wrong about literally everything.

[Lesterlad]

1 hour ago, Officer Doofy said:

Charlton are up for sale again after being purchased for just £15m 3 years ago. 

 

What do we actually have over a club like Charlton other than a really expensive training ground? 

We have Luke Thomas to sell

[Lesterlad]

9 hours ago, Katy said:

****ing HELL. We forgot that length of service equals knowing everything about the financial intracies of a football club 

I have followed the club for 60 years and have no idea about the finances of the club. But then nor does Linda Ginneta and her band of followers 

[Spudulike]

1 hour ago, BenTheFox said:

For context, she's valued us at over £100 million more than what Brentford, who are a stable Premier League club in a financially stable position, would be valued at.

Don't think that Brentford own their stadium or training ground 

[BenTheFox]

3 minutes ago, Dan said:

How are these people this wrong about literally everything.

The cognitive dissonance is what is really striking. On one hand they'll tell you that we're a 'small club' that should be careful what we wish for and that nobody would be interested in buying us, yet on the other hand would value us higher than certain financially stable premier league clubs when we're in league one and in boatloads of debt. You cannot hold both of these positions. It's a complete contradiction. 

[dmayne7]

2 hours ago, teblin said:

Like playing chess with a pigeon... 

Sounds like loads of fun! Off to FB I go then

[Sol thewall Bamba]

1 hour ago, Officer Doofy said:

Now you mention it, that would be ****ing brilliant. 

I'd be interested in hearing their opinions on our factoring strategy!

[dmayne7]

1 hour ago, Officer Doofy said:

Charlton are up for sale again after being purchased for just £15m 3 years ago. 

 

What do we actually have over a club like Charlton other than a really expensive training ground? 

A much bigger fan base, a much newer stadium (with massive redevelopment plans approved), big recent success therefore big brand reach, less local competition. So basically everything for a potential investor

[Officer Doofy]

42 minutes ago, dmayne7 said:

A much bigger fan base, a much newer stadium (with massive redevelopment plans approved), big recent success therefore big brand reach, less local competition. So basically everything for a potential investor

You could have applied all of those things to Wrexham. Also some of those things are a bit weak. Charlton have a proper ground not a soulless bowl, they are in London, they had similar attendances when they had a sustained period of success, we have pretty much zero brand appeal now after years of pissing it all away. 

 

Charlton are also no tainted by the previous owner. 

 

Not that clear cut for me when you look at cost of purchase and debt level. 

[Chrysalis]

What Linda forgets is we have been run very badly which has made the value of the club plummet, the squad is a liability rather than an asset, the training ground doesnt need to be part of the purchase and is a fair chance it wouldnt be, we have lots of 3rd party secured debt, we need investment to get sorted out, and are 2 divisions below the promised land.

[dmayne7]

59 minutes ago, Officer Doofy said:

You could have applied all of those things to Wrexham. Also some of those things are a bit weak. Charlton have a proper ground not a soulless bowl, they are in London, they had similar attendances when they had a sustained period of success, we have pretty much zero brand appeal now after years of pissing it all away. 

 

Charlton are also no tainted by the previous owner. 

 

Not that clear cut for me when you look at cost of purchase and debt level. 

Wrexham a completely different scenario though. That was team languishing in non-league with the support network and other bits of a football league. Pick them up for peanuts and the potential growth is big (probably not the extent that things have happened for them), and further distorted by the fact they basically have the most unique ownership group in football which has given them access to commercial income that no other club could get in that scenario. Those guys would not have been able to do that with Leicester (or Charlton) so it's a completely different profile of Investor.

 

I think it's important to take a lot of the emotion out of it, which is hard for us when we're in this negative environment.

 

- Their stadium is crap. It is not something iconic, it is not that big, not to mention that expanding that or more importantly, commercialising it, is basically next to impossible. So that is a huge turn off for an investor. And a soulless bowl it may be but if we're tapping into the emotional aspect, our stadium will be associated with a PL win, Bocelli, the Helicopter crash, so there is a much richer tapestry for people to tap into.

 

- They're in a crap part of London so not great from the prestige POV but more importantly, being in London is not actually the potential that people think it is. You are absolutely swamped with not just other professional clubs, but a huge number of PL clubs. Then think of how much people move in and out of London and there isn't that same stable base for you to pull from. Having lived in South London for 8 years, I did not come across a single Charlton fan, no exaggeration. In fact, I know of 2 Charlton fans and they were from Kent, which has a team that's probably got a lot more upside, albeit much smaller club; Gillingham. Leicester is a 1 club city with large catchment area and a lot of surrounding counties that have a reasonably rural population meaning they are not anchored to a certain place. Way more upshot there but obviously more in the Wrexham mould of investment.

 

- Attendance wise, they are generally in the 11k to 18k range over the past 15 years. We've sold 23k season tickets in League 1, with fan protests as part of that. Being ultra conservative in terms of membership we'd probably have another 10k. We are in a completely different sphere to them.

 

- I agree that we have pissed the potential away and we'll probably never get that back but the fact is we're still one of the most followed clubs in terms of global following, in world football (obviously nowhere near the real big clubs). Go on football streaming websites and there's specific a Leicester section on the home page, same with some kit websites. A few years and this pool will all have drifted away but they could be brought back in (they absolutely won't unders this ownership).

 

- Charlton have had so much turmoil in recent years and the club's being sold a few years later? Not very stable from the outside looking in.

 

The key thing is that, it all depends on the profile of Investor and just what kind of deal you can get here. Assets are far beyond anything out there for this price range but that's obviously offset by the liabilities/debt/general rot. You'll get way more people interested in us than Charlton, but maybe not when it comes to serious interest.

 

And whilst I said take the emotion out of it, one massive thing that gets overlooked is that 99% of investors in football club's have massive ego's. They will all believe that can the person/group to turn a club around or capitalise on the potential of a club, and we're a bit of a golden goose in that sense (and frankly the main thing that can override some do the financial concerns)

[Vestan Pance]

1 hour ago, Chrysalis said:

What Linda forgets is we have been run very badly which has made the value of the club plummet,

I don't think the super fans have forgotten, they just think the plummet is the supporters fault, and nothing to do with it being badly run😂

Edited 9 hours ago by Vestan Pance