Leicester City For Sale (Ongoing Thread)

[OnlyOneCity]

2 hours ago, winteriscoming said:

Not suggesting they do. 
It’s just that nothing would surprise me with these clowns in charge. 

2 weeks ago on the transfer deadline day, Talksport said Faes was off to West Ham and Page to Man Utd.

[dmayne7]

14 minutes ago, Lambert09 said:

I wonder how much leuven are worth as a club? Because the media don’t seem to even mention that there is also a top tier Belgium club factored into any sale here 

Total stab in the dark but £50m maybe (not even considering debt). Not checked the transfer values which may sway that but only a 10,000 stadium, no idea on training facilities, not really done anything of note. Club Brugge got valued at around £160m- 200mish a few years years back and they're the dominant force in Belgium. Constant CL campaigns, able to sell players for good money, 30,000 stadium etc.

 

The major upside to Leuven or any smaller club in Belgium is that it probably feels more achievable to get into the CL or European football with a bit of investment and luck. Even more so with how mental their league structure is.

[Lambert09]

30 minutes ago, dmayne7 said:

Total stab in the dark but £50m maybe (not even considering debt). Not checked the transfer values which may sway that but only a 10,000 stadium, no idea on training facilities, not really done anything of note. Club Brugge got valued at around £160m- 200mish a few years years back and they're the dominant force in Belgium. Constant CL campaigns, able to sell players for good money, 30,000 stadium etc.

 

The major upside to Leuven or any smaller club in Belgium is that it probably feels more achievable to get into the CL or European football with a bit of investment and luck. Even more so with how mental their league structure is.

I think we can say 60 m for leuven and the womens team is a fair estimate. 
 

so 140m for us, with our training ground, stadium and one team city…. That doesn’t sound almost half as bad.  Not to mention that if our financial regulation issues are a stumbling block you’ve got a couple of loopholes options ready made if you’re savvy enough. 
 

that’s not a lot more than some players are going for 

Edited 1 hour ago by Lambert09

[Paninistickers]

Question for buyers of this level is not what we cost, but what we could be worth. 

 

You basically buying a turnkey business with stadium, training and feeder club all sorted and it needs a decent 250m of working capital pumped in over the next 3/4 years to get the club back in the EPL.

 

Which, when added to a buy price, would a healthy LCFC 15th in the EPL be worth, say, 450m+

 

 

[Ric Flair]

16 minutes ago, Paninistickers said:

Question for buyers of this level is not what we cost, but what we could be worth. 

 

You basically buying a turnkey business with stadium, training and feeder club all sorted and it needs a decent 250m of working capital pumped in over the next 3/4 years to get the club back in the EPL.

 

Which, when added to a buy price, would a healthy LCFC 15th in the EPL be worth, say, 450m+

 

 

But would anyone buy us for £450m (which is break even for the owner who buys us at £200m) as that would never be a worthwhile outlay for the potential for that value to plummet. The chances of then further kicking us on to be worth £600-700m is close to nil.

 

Owning football clubs is an appalling waste of money.

[Paninistickers]

Just now, Ric Flair said:

The chances of kicking us on to be worth £600-700m is close to nil.

 

And that's the core question..... 

[Foxin_Mad]

Club is worth jack shit, reality is no one wants to buy football clubs at the minute (40 odd for sale out of 72), there is very little in it even in the Premier League and there is no guarantee that we get there and stay there, we are a long way off, it would be a huge risk. Best we could hope for is £20 million up front, maybe another £20 million in the championship and the rest upon Promotion. 

[moore_94]

46 minutes ago, Ric Flair said:

But would anyone buy us for £450m (which is break even for the owner who buys us at £200m) as that would never be a worthwhile outlay for the potential for that value to plummet. The chances of then further kicking us on to be worth £600-700m is close to nil.

 

Owning football clubs is an appalling waste of money.

This is why it almost cannot be looked at logically - from a fans perspective anyway in my opinion because for whatever reason people with that kind of money love to do it

 

You would think with how much money is needed to be thrown at football these days that you wouldn't see clubs being bought very often, but to me it seems to be happening more often than it ever used to be - you used to have proper long term ownerships at clubs but now it seems like there is always quite a few clubs in talks for being take over, investors joining etc.

 

The club may be seen as a bit of a money pit at the start - but to someone who has the money and wants to spend I think they could see it is a "shortcut" of sorts because a lot of groundwork of the ownership regarding stadium (planning permissions in place already), training ground (already done), womens side (wouldn't take any money at all to turn them into a decent side), multi-club model (get Leuven as a part of the deal), dedicated supporters (they know they will always be able to sell all the season tickets) is already there for them to jump on

 

As an example Charlton Athletic are up for sale, but if you wanted to turn them into a proper Prem side with the stadium, facilities, big project club etc. then I think they would cost a lot more to get to that end point than we would

 

Smaller initial outlay but look at the money Birmingham's owner is throwing at that club within just a couple of years and has already committed to with a multi-billion pound stadium - the potential owners are out there

Edited 4 minutes ago by moore_94

[fkas]

12 hours ago, Tommy G said:

After the year end we would also have to do some serious work around going concern for the auditors to sign off the accounts, this is tricky piece of work for even a profitable company with long term agreements. Gone are the days of auditors signing off accounts without some serious reassurances around going concern for 12 months +

 

The audit world has changed massively since covid, PwC aren't going to want their name all over the news if it goes tits up as it will be high profile. 

Very good point. Audits are no longer purely finance focused either the remit is expanding. Post year-end performance always comes under a lot of scrutiny especially with respect to Going Concern as you say.