CONFRIMED: Latest rumours Confrimed as Unconfrimed

[Crusader Royal]

In what way is the ground protected ?
Agreed a second hand sports stadium has a limited market so hard to price but the footprint is worth something even if you take out the costs of demolishing what’s there. The only real value of the ground though is as somewhere for the team to play.

[John Madejski's Wallet]

In what way is the ground protected ?
Agreed a second hand sports stadium has a limited market so hard to price but the footprint is worth something even if you take out the costs of demolishing what’s there. The only real value of the ground though is as somewhere for the team to play.

Isn't there a council covenant on it?

[retro royal]

I'd be more worried about the business rates on the stadium and the training ground, could be as high as £4m, that's enough to put most off, would love to know for sure how much our local councils are screwing us over

[Snowflake Royal]

Football club worth is based mainly around division, because that dictates income. A 24k seater stadium in L1 is worth less than in the Championship, because in L1 its half empty but you've still got to maintain it fully. It doesn't have much inherent value when it's somewhat protected from redevelopment and built on a shit tip of contaminated land. Yes the contamination was cleaned to the level required for sports facilities, but that's lower than tuings like housing.

Likewise a state of the art training ground doesn't really contribute to income. Its value is basically its redevelopment potential.

As a L1 club our facilities are as much burdens as benefits.

[WestYorksRoyal]

Bearwood has value that could be unlocked. Reduce our share of it and rent it out. Someone with NFL links could try making it into a base for touring teams, given its proximity to Heathrow and Wembley.

[Vision]

'preciate you. Remind me, where are you? Are we going to meet up for the playoff final?

Apologies for the late response , I’m in Dallas.

You’re Arkansas based?

Ah yeh, I did know that. Yeh, Northwest Arkansas, so about 5 1/2 hours from you. Have you watched any sport at Cosm yet?

No sporting events but have been to the colony a couple of times for food and entertainment

[72 bus]

Bearwood has value that could be unlocked. Reduce our share of it and rent it out. Someone with NFL links could try making it into a base for touring teams, given its proximity to Heathrow and Wembley.

We were granted planning permission for Bearwood on the basis that it can only be used by Reading football club.
This is what prevented Dai selling it off to Couhig buying it for Wycombe.

[Crusader Royal]

In what way is the ground protected ?
Agreed a second hand sports stadium has a limited market so hard to price but the footprint is worth something even if you take out the costs of demolishing what’s there. The only real value of the ground though is as somewhere for the team to play.

Isn't there a council covenant on it?

It’s listed as an Asset of Community Value but that’s no protection at all and could even be considered a negative. It just delays a sale process without preventing it.

[Crusader Royal]

Bearwood has value that could be unlocked. Reduce our share of it and rent it out. Someone with NFL links could try making it into a base for touring teams, given its proximity to Heathrow and Wembley.

We were granted planning permission for Bearwood on the basis that it can only be used by Reading football club.
This is what prevented Dai selling it off to Couhig buying it for Wycombe.

But could be challenged and altered. It didn’t prevent the sale, it just made it less appealing. The seller could get the restriction lifted even if it took a bit of time and money.

[Crusader Royal]

Football club worth is based mainly around division, because that dictates income. A 24k seater stadium in L1 is worth less than in the Championship, because in L1 its half empty but you've still got to maintain it fully. It doesn't have much inherent value when it's somewhat protected from redevelopment and built on a shit tip of contaminated land. Yes the contamination was cleaned to the level required for sports facilities, but that's lower than tuings like housing.

Likewise a state of the art training ground doesn't really contribute to income. Its value is basically its redevelopment potential.

As a L1 club our facilities are as much burdens as benefits.

If you can build on the car park you could just as easily build on the stadium land. Probably more expensive than building on farm land but do able. The REP plans include housing so contamination doesn’t seem a major concern.
And as I mention elsewhere the ACV doesn’t protect the ground in any meaningful way. I don’t think there are any other protections are there ?

[Snowflake Royal]

Football club worth is based mainly around division, because that dictates income. A 24k seater stadium in L1 is worth less than in the Championship, because in L1 its half empty but you've still got to maintain it fully. It doesn't have much inherent value when it's somewhat protected from redevelopment and built on a shit tip of contaminated land. Yes the contamination was cleaned to the level required for sports facilities, but that's lower than tuings like housing.

Likewise a state of the art training ground doesn't really contribute to income. Its value is basically its redevelopment potential.

As a L1 club our facilities are as much burdens as benefits.

If you can build on the car park you could just as easily build on the stadium land. Probably more expensive than building on farm land but do able. The REP plans include housing so contamination doesn’t seem a major concern.
And as I mention elsewhere the ACV doesn’t protect the ground in any meaningful way. I don’t think there are any other protections are there ?

None of this helps someone buying a football club. The assets of a liquidated club, maybe.

But why buy a club for £30m that's just going to lose you £10m a year. So you can get promoted and sell it for £50m? Or liquidate it and sell the assets for £20m?

We've had four serious offers from credible buyers and they keep collapsing because Dai's valuation is mental and he's impossible to work with.

[WestYorksRoyal]

To be fair, normal valuation rules don't seem to apply to football clubs. A business is normally valued based upon how much money it can generate, in which case >80% of clubs in England are worth £1. Clearly there are prestige reasons why investors are willing to part with their money, and given our location and recent PL history you'd hope they see something worth investing in.

Look at Everton. The Athletic ran a big article saying that despite them being a huge historical club, their financial mess was too great. Now they have a buyer. Someone thought it was worth it when cold hard rationality couldn't see it.

[The Cap]

Football club worth is based mainly around division, because that dictates income. A 24k seater stadium in L1 is worth less than in the Championship, because in L1 its half empty but you've still got to maintain it fully. It doesn't have much inherent value when it's somewhat protected from redevelopment and built on a shit tip of contaminated land. Yes the contamination was cleaned to the level required for sports facilities, but that's lower than tuings like housing.

Likewise a state of the art training ground doesn't really contribute to income. Its value is basically its redevelopment potential.

As a L1 club our facilities are as much burdens as benefits.

If you can build on the car park you could just as easily build on the stadium land. Probably more expensive than building on farm land but do able. The REP plans include housing so contamination doesn’t seem a major concern.
And as I mention elsewhere the ACV doesn’t protect the ground in any meaningful way. I don’t think there are any other protections are there ?

None of this helps someone buying a football club. The assets of a liquidated club, maybe.

But why buy a club for £30m that's just going to lose you £10m a year. So you can get promoted and sell it for £50m? Or liquidate it and sell the assets for £20m?

We've had four serious offers from credible buyers and they keep collapsing because Dai's valuation is mental and he's impossible to work with.

Is it worth retracting the word 'valuation' from that last sentence?

[mikey_1871]

The planning condition on the training ground could easily be varied, if there was good reason to. All it needs is an application to amend the planning permission, supported by justification.

The ground being an asset of community value does offer it an additional layer of protection, but as others have said this this can be worked around.

[Silver Fox]

Exactly, go to the planners asking to put a casino on the site and you'll rightly get knocked back, ask for the jacksonville Jaguars to train there and you'll get a thumbs up

[Norfolk Royal]

Always find it slightly perplexing that whenever these sort of issues arise at football clubs, it always seems to come down to who owns the car park.

[Crusader Royal]

Football club worth is based mainly around division, because that dictates income. A 24k seater stadium in L1 is worth less than in the Championship, because in L1 its half empty but you've still got to maintain it fully. It doesn't have much inherent value when it's somewhat protected from redevelopment and built on a shit tip of contaminated land. Yes the contamination was cleaned to the level required for sports facilities, but that's lower than tuings like housing.

Likewise a state of the art training ground doesn't really contribute to income. Its value is basically its redevelopment potential.

As a L1 club our facilities are as much burdens as benefits.

If you can build on the car park you could just as easily build on the stadium land. Probably more expensive than building on farm land but do able. The REP plans include housing so contamination doesn’t seem a major concern.
And as I mention elsewhere the ACV doesn’t protect the ground in any meaningful way. I don’t think there are any other protections are there ?

None of this helps someone buying a football club. The assets of a liquidated club, maybe.

But why buy a club for £30m that's just going to lose you £10m a year. So you can get promoted and sell it for £50m? Or liquidate it and sell the assets for £20m?

We've had four serious offers from credible buyers and they keep collapsing because Dai's valuation is mental and he's impossible to work with.

Of course it does. Whether the ground is valued at zero or millions makes a huge difference and different parties will probably take different approaches to that. Valuing assets is always more of an art than a science and usually you rely on comparable to one to some sort of reasonable number. Hard to do with a stadium but the fact that part of the adjacent land has permission for a massive development will undoubtably mean the stadium site will be seen as having value.
I’m struggling with the 4 ‘serious’ offers. Not saying there haven’t been just can’t put names to them all !

[Crusader Royal]

The planning condition on the training ground could easily be varied, if there was good reason to. All it needs is an application to amend the planning permission, supported by justification.

The ground being an asset of community value does offer it an additional layer of protection, but as others have said this this can be worked around.

Doesn’t even need to be worked around, all it does is give a community group time to think about making a bid which the seller doesn’t have to accept. I don’t accept the view of some that the stadium has zero value, and not only do I doubt fans could raise any kind of meaningful money to put a bid in I also don’t think they would be able to fund the running costs if they did own it.

[Forbury Lion]

Mike Gow (Chinese expert) posting on Twitter that this Kwong fella is a mate of Dai and Pang and has bailed out Dai's companies before. Hopefully this one is a load of bullcrap but it doesn't look like a positive potential change of ownership

https://x.com/mikeygow/status/1841198482646057232?t=Xykt028TWFVHvV8Nf4pbfQ&s=19

Looks like the Tai Dai deal didn't go too well for Tai if as alleged Dai didn't disclose all the facts about the state owned banks having guarantee on these loans to the companies he sold, being sued might have soured their business relationship.

[Sutekh]

This is starting to smell worse than a night in all you can eat chilli curry house when the drains are blocked and club haliotosis is in town.

How much further does this tale of woe have to go before something positive happens?