davieG Posted 21 November 2006 Posted 21 November 2006 If we'd been in the Premier League? £85mill and they've only been there 5 mins, or is there something else they have that's more valuable? From Sky West Ham United's board of directors have accepted Eggert Magnusson's £85 million offer for the club. The board have also unanimously recommended that remaining club shareholders accept the offer made by the Icelandic consortium. Icelandic Football Association president and Uefa member Magnusson revealed he is to succeed current Hammers chairman Terence Brown. "I'm both delighted and honoured that Terence Brown wishes to support our bid," said Magnusson. "I fully appreciate the personal responsibility that comes with being chairman." Ever since August The Hammers have been subject to speculation concerning a possible takeover. And confirmation of the accepted offer will do much to assuage the concern of some, manager Alan Pardew included, who believe speculation over the club's future has been an unwanted distraction for the struggling Premiership outfit.
disheartened fan Posted 21 November 2006 Posted 21 November 2006 85 mil for west ham, how much do you think Mandy will get for us when we're back in the prem? seems like he could put 50 mil in and still make a profit.
surrifox Posted 21 November 2006 Posted 21 November 2006 85 mil for west ham, how much do you think Mandy will get for us when we're back in the prem? seems like he could put 50 mil in and still make a profit. Apparently the total cost was 105 mill including debt;not bad when you remember how $hite they were in the year they went back up
sackmycook Posted 21 November 2006 Posted 21 November 2006 Apparently the total cost was 105 mill including debt;not bad when you remember how $hite they were in the year they went back up yeah but assets they have is factored into that, and with most of their best players being anglais their assets are probably £50 million. so really they are only being sold for £55 million
gatesheadfox Posted 21 November 2006 Posted 21 November 2006 85 mil for west ham, how much do you think Mandy will get for us when we're back in the prem? seems like he could put 50 mil in and still make a profit. not a penny near that. west ham are a much bigger club. hopefully we do become a reasonable sized premiership club again though.
Louise Posted 21 November 2006 Posted 21 November 2006 Not to mention that by the time we're in the Prem and attractive enough to be sold, there might be no-one out there wanting to buy, or this fetish for clubs that rich people seem to have at the moment might be over.
Manwell Pablo Posted 21 November 2006 Posted 21 November 2006 yeah but assets they have is factored into that, and with most of their best players being anglais their assets are probably £50 million. so really they are only being sold for £55 million Players aren't considered as assets during a take over, as there is a chance they can leave for nothing when their contract runs out.
sackmycook Posted 21 November 2006 Posted 21 November 2006 Players aren't considered as assets during a take over, as there is a chance they can leave for nothing when their contract runs out. I thought they were assets (albeit bad ones) how do you know this?
Manwell Pablo Posted 21 November 2006 Posted 21 November 2006 I thought they were assets (albeit bad ones) how do you know this? ....Beacuse I do, you don't buy the staff when you buy a normal company do you. MM Isn't buying the catering mob and the cleaners is he? Basic Business knowledge I thought. Someone correct me if I'm wrong please. EDIT: If they are classed as assets, how good they are/ what nationality they are certainly doesn't come into their worth.
Swedging Posted 21 November 2006 Posted 21 November 2006 ....Beacuse I do, you don't buy the staff when you buy a normal company do you. MM Isn't buying the catering mob and the cleaners is he? Basic Business knowledge I thought. Someone correct me if I'm wrong please. EDIT: If they are classed as assets, how good they are/ what nationality they are certainly doesn't come into their worth. You buy the business, which includes all the contracts. So you then own the contracts of whoever is employed by the business. So for Leicester, it will include 1884 catering staff. Footballers are different from most other staff though, in that they can feature in the financial statements. Those bought in are treated as intangible assets with their value taken as the transfer fee and depreciated over the lifetime of the contract. And you're right - nationality doesn't affect their worth.
gatesheadfox Posted 21 November 2006 Posted 21 November 2006 ....Beacuse I do, you don't buy the staff when you buy a normal company do you. MM Isn't buying the catering mob and the cleaners is he? Basic Business knowledge I thought. Someone correct me if I'm wrong please. EDIT: If they are classed as assets, how good they are/ what nationality they are certainly doesn't come into their worth. some clubs do value players as assets. i know someone connected with newcastle united and she was going on about how odd it is that they calculate michael owen's yearly depreciation value....probably 75% per annum as he is crocked
sackmycook Posted 21 November 2006 Posted 21 November 2006 ....Beacuse I do, you don't buy the staff when you buy a normal company do you. MM Isn't buying the catering mob and the cleaners is he? Basic Business knowledge I thought. Someone correct me if I'm wrong please. EDIT: If they are classed as assets, how good they are/ what nationality they are certainly doesn't come into their worth.
Manwell Pablo Posted 21 November 2006 Posted 21 November 2006 You buy the business, which includes all the contracts. So you then own the contracts of whoever is employed by the business. So for Leicester, it will include 1884 catering staff. Footballers are different from most other staff though, in that they can feature in the financial statements. Those bought in are treated as intangible assets with their value taken as the transfer fee and depreciated over the lifetime of the contract. And you're right - nationality doesn't affect their worth. Yes I know you buy the contracts of the staff, the point I was making was the wont add to the value of the business, again I may be wrong. If what you say about our players is true I doubt they are worth much as most of them were signed on free's or for very little money over a year ago.
sackmycook Posted 21 November 2006 Posted 21 November 2006 Yes I know you buy the contracts of the staff, the point I was making was the wont add to the value of the business, again I may be wrong. If what you say about our players is true I doubt they are worth much as most of them were signed on free's or for very little money over a year ago. ours aint worth shit, i was saying that although WHU are being bought for £105mill the buyer is actually is getting around £50mill's worth of players.
Manwell Pablo Posted 21 November 2006 Posted 21 November 2006 ours aint worth shit, i was saying that although WHU are being bought for £105mill the buyer is actually is getting around £50mill's worth of players. It wont be that much if it's worked out on what they signed for + depreciation over the length of the contract.
sackmycook Posted 21 November 2006 Posted 21 November 2006 It wont be that much if it's worked out on what they signed for + depreciation over the length of the contract. yeah but they've got mostly english players and we all know what silly prices they go for
Manwell Pablo Posted 21 November 2006 Posted 21 November 2006 yeah but they've got mostly english players and we all know what silly prices they go for Go for yes, they weren't signed for much though were they and thats what counts. If anything, complex.
surrifox Posted 21 November 2006 Posted 21 November 2006 Anyone buying a business will make an offer based on a number of criteria,eg. he may see value in under-exploited assets, he may see synergy with an existing business or may simply be looking for a future profit stream for which he is prepared to part with cash today in order to secure a discount from the seller. If both parties agree then that determines the price "willingbuyer/willing seller" rather than a formula. obviously there are factors that are more difficult to quantify (threat of relegation and effect on income as a downside- a successful youth policy as a plus factor ). So far as the value of players is concerned as I understand it there will be a simple "cost of players sold less cost of players bought " line in the accounts. When Southampton sold Walcott (who cost them nothing)on a complicated deal to Arsenal based on future performances/England caps/ etc. etc all they could do was bring in to the accounts what they were paid up front and then deduct the money they spent on other players. They will not collect the balance of the headline fee if Walcott does not meet the targets and so can't bring it in to the accounts
Fox in a Box Posted 21 November 2006 Posted 21 November 2006 You buy the business, which includes all the contracts. So you then own the contracts of whoever is employed by the business. So for Leicester, it will include 1884 catering staff. Footballers are different from most other staff though, in that they can feature in the financial statements. Those bought in are treated as intangible assets with their value taken as the transfer fee and depreciated over the lifetime of the contract. And you're right - nationality doesn't affect their worth. An asset whatever form is only worth what someone/ anyone is willing to pay them for it. You can pay off contracts but yes those bought in are treated as intangible assets and depreciate over the lifetime of the contract. A player has to have a work permit to play and therefore nationality is not affected. However, business staff and not footballing staff would be completely different. But hey a contract isnt worth the paper it is written on. The assets are the stadium, training facilities and any other properties. The also depreciate over time, but compared to someone like wolves our assets are worth more.
Jon the Hat Posted 21 November 2006 Posted 21 November 2006 An asset whatever form is only worth what someone/ anyone is willing to pay them for it. You can pay off contracts but yes those bought in are treated as intangible assets and depreciate over the lifetime of the contract. A player has to have a work permit to play and therefore nationality is not affected. However, business staff and not footballing staff would be completely different. But hey a contract isnt worth the paper it is written on. The assets are the stadium, training facilities and any other properties. The also depreciate over time, but compared to someone like wolves our assets are worth more. Personally if I was valuing a Football club I would take into account three factors: 1) Fixed Assets and their current (not book) value. 2) Big Name players who could be expected to be sold to fund future transfers 3) Turnover and likelihood of increasing it. West Ham are worth more becuase they are in the Prem and likely to stay there.
Joe. Posted 21 November 2006 Posted 21 November 2006 West Ham are still a very big club and are a well established Premiership team now. They have great fans, a good stadium and performance- wise they are doing OK. Maybe this takeover thing will make matters worse for the Hammers, not that they can be much worse for them at this present time.
davieG Posted 21 November 2006 Author Posted 21 November 2006 West Ham are still a very big club and are a well established Premiership team now. They have great fans, a good stadium and performance- wise they are doing OK. Maybe this takeover thing will make matters worse for the Hammers, not that they can be much worse for them at this present time. I wouldn't call them an established premier team by an normal measurement. As for big well nearly every club that's in or been in the Premiership calls themselves big, it's very subjective. They just happen to be in the right place at the right time to be worth that, they certainly wouldn't have been anywhere near that 3 years ago.
sackmycook Posted 21 November 2006 Posted 21 November 2006 Go for yes, they weren't signed for much though were they and thats what counts. If anything, complex. some of them have come through the academy and some have been signed from other teams, they would look at market value today. if you bought a house last year and now the price has increased by 20% then that is the current value of your asset. in fact WHU's academy players will count as 100% profit.
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