Potential New Owners

[Royal_jimmy]

Rumours about RedBird capital swirling on Twatter too. I remain skeptical. The same people propagating the rumour that SCL paid last months wages which I also find hard to believe.

Me too, they probably paid next season's sponsorship payment up front which is keeping the cash flow going to pay the players if there's any substance to it.

[Hound]

Totally depends on what they end up buying

If it does inc the stadium and training ground which are Dai’s to sell if I’m not wrong + the playing squad obvs - guess we’re talking 70-80m maybe?

Ground - 25 , training ground - 30, everything else 25?

If you got that lot and Dai wrote off the rest of the debt as part of the sale it’s not unattractive, esp with some sellable assets in the playing squad starting to come through

What you talking about Willis? Them figures are bat shit crazy. Absolutely no way is the training ground worth 30 million 30 million for the whole lot more like

Derby were sold for £22m and that included a £3m fee to the administrators. I appreciate their situation was slightly different but they're the 1 team in League 1 with facilities comparable to ours. I'd say we're worth £30m, absolute tops.

It is just speculating and it totally depends what the buyer ends up with

Pretty sure it would cost plenty more than £30m to get the stadium, the training ground and the playing squad and no debt as part of it

I honestly don’t know or remember what Dai owns now tbh. But think if it was broken down like the above that’s about what it would cost

Doesn’t Mel still own the Derby ground?

[Snowflake Royal]

What you talking about Willis? Them figures are bat shit crazy. Absolutely no way is the training ground worth 30 million 30 million for the whole lot more like

Derby were sold for £22m and that included a £3m fee to the administrators. I appreciate their situation was slightly different but they're the 1 team in League 1 with facilities comparable to ours. I'd say we're worth £30m, absolute tops.

It is just speculating and it totally depends what the buyer ends up with

Pretty sure it would cost plenty more than £30m to get the stadium, the training ground and the playing squad and no debt as part of it

I honestly don’t know or remember what Dai owns now tbh. But think if it was broken down like the above that’s about what it would cost

Doesn’t Mel still own the Derby ground?

Dai owns everything.

There is not a chance your estimates are close. Madejski sold everything for far less than your figures when we were on the verge of the PL. Twice.

[CountryRoyal]

Derby were sold for £22m and that included a £3m fee to the administrators. I appreciate their situation was slightly different but they're the 1 team in League 1 with facilities comparable to ours. I'd say we're worth £30m, absolute tops.

It is just speculating and it totally depends what the buyer ends up with

Pretty sure it would cost plenty more than £30m to get the stadium, the training ground and the playing squad and no debt as part of it

I honestly don’t know or remember what Dai owns now tbh. But think if it was broken down like the above that’s about what it would cost

Doesn’t Mel still own the Derby ground?

Dai owns everything.

There is not a chance your estimates are close. Madejski sold everything for far less than your figures when we were on the verge of the PL. Twice.

Did he? I seem to remember a figure of £50m flying about but I might be wrong.

[Snowflake Royal]

It is just speculating and it totally depends what the buyer ends up with

Pretty sure it would cost plenty more than £30m to get the stadium, the training ground and the playing squad and no debt as part of it

I honestly don’t know or remember what Dai owns now tbh. But think if it was broken down like the above that’s about what it would cost

Doesn’t Mel still own the Derby ground?

Dai owns everything.

There is not a chance your estimates are close. Madejski sold everything for far less than your figures when we were on the verge of the PL. Twice.

Did he? I seem to remember a figure of £50m flying about but I might be wrong.

Thought it was supposed to be two sets of about £12m for the whole lot to Anton (never completed) but might have been about £20m each, and don't think it was over £30m to the Thais. Even so, £50m is well short of £70m - £80m.

Thinking about it what is the club actually worth without the stadium and training ground? All you're getting is a name, a place in the FL and player registrations for a wage commitment that's almost all your revenue at least. To play in L1. £10m is a lot to make a return on for that.

[WestYorksRoyal]

Dai owns everything.

There is not a chance your estimates are close. Madejski sold everything for far less than your figures when we were on the verge of the PL. Twice.

Did he? I seem to remember a figure of £50m flying about but I might be wrong.

Thought it was supposed to be two sets of about £12m for the whole lot to Anton (never completed) but might have been about £20m each, and don't think it was over £30m to the Thais. Even so, £50m is well short of £70m - £80m

Do we know if he ultimately profited from us? Bought for £1 in crisis, but years of subsequent investment. I imagine any profit from the sale was fairly modest.

[Snowflake Royal]

Did he? I seem to remember a figure of £50m flying about but I might be wrong.

Thought it was supposed to be two sets of about £12m for the whole lot to Anton (never completed) but might have been about £20m each, and don't think it was over £30m to the Thais. Even so, £50m is well short of £70m - £80m

Do we know if he ultimately profited from us? Bought for £1 in crisis, but years of subsequent investment. I imagine any profit from the sale was fairly modest.

Madejski? I think he got a lot of his money back, but beyond that, doubt it was much.

[Sutekh]

Heard that he doubled his money.

[blythspartan]

I went out for a few drinks with my best mate last night. He knows Sir John, going back to his days working for him at TV Trader.

He has given me a few snippets of information over the last few months and he was confident last night that our financial problems were behind us. I quizzed him about the possible investment/takeover, but he wouldn’t tell me anything further.

Anyway, it sounds like things are starting to move in the right direction, so all in all it’s made for a top weekend. Just need England to win tonight to cap it off.

[J1A7Y]

I went out for a few drinks with my best mate last night. He knows Sir John, going back to his days working for him at TV Trader.

He has given me a few snippets of information over the last few months and he was confident last night that our financial problems were behind us. I quizzed him about the possible investment/takeover, but he wouldn’t tell me anything further.

Anyway, it sounds like things are starting to move in the right direction, so all in all it’s made for a top weekend. Just need England to win tonight to cap it off.

Yiadom said exactly the same last night to a fan when out for dinner at Blue Smokehouse in Bracknell. So fingers crossed a takeover is close!

[Hound]

Dai owns everything.

There is not a chance your estimates are close. Madejski sold everything for far less than your figures when we were on the verge of the PL. Twice.

Did he? I seem to remember a figure of £50m flying about but I might be wrong.

Thought it was supposed to be two sets of about £12m for the whole lot to Anton (never completed) but might have been about £20m each, and don't think it was over £30m to the Thais. Even so, £50m is well short of £70m - £80m.

Thinking about it what is the club actually worth without the stadium and training ground? All you're getting is a name, a place in the FL and player registrations for a wage commitment that's almost all your revenue at least. To play in L1. £10m is a lot to make a return on for that.

Suppose depends on how much you cost the playing squad as

You’ve 20 odd young academy/u21 players in there who have potential sell on. Don’t really know enough about how you’d cost them up but there are assets their financially

But yes think there’s a fair premium on having a registration for L1 as well. You’re not trying to make money on that it’s the status and cost of owning a league club

80 is no doubts too much but think it’d be north of 50 for the lot

[CountryRoyal]

Dai owns everything.

There is not a chance your estimates are close. Madejski sold everything for far less than your figures when we were on the verge of the PL. Twice.

Did he? I seem to remember a figure of £50m flying about but I might be wrong.

Thought it was supposed to be two sets of about £12m for the whole lot to Anton (never completed) but might have been about £20m each, and don't think it was over £30m to the Thais. Even so, £50m is well short of £70m - £80m.

Thinking about it what is the club actually worth without the stadium and training ground? All you're getting is a name, a place in the FL and player registrations for a wage commitment that's almost all your revenue at least. To play in L1. £10m is a lot to make a return on for that.

Yeah you could well be right my memory of it is a bit fuzzy. Seen zing bought a 51% stake which would have valued the club at ~50m if the 2x24m is right, might be what I’m thinking about don’t know.

[WestYorksRoyal]

There will probably a number of clauses and terms that muddy the value given the complications. Perhaps a rent agreement, or an obligation to repay some of Dai's debt dependent upon which division we're in after 5 years or something like that. If it is an outright cash sale, Dai is in a pretty weak position with a stressed L1 asset. So it may be less up front with more scope for Dai to benefit in the long run if we realise potential.

[Snowflake Royal]

Did he? I seem to remember a figure of £50m flying about but I might be wrong.

Thought it was supposed to be two sets of about £12m for the whole lot to Anton (never completed) but might have been about £20m each, and don't think it was over £30m to the Thais. Even so, £50m is well short of £70m - £80m.

Thinking about it what is the club actually worth without the stadium and training ground? All you're getting is a name, a place in the FL and player registrations for a wage commitment that's almost all your revenue at least. To play in L1. £10m is a lot to make a return on for that.

Yeah you could well be right my memory of it is a bit fuzzy. Seen zing bought a 51% stake which would have valued the club at ~50m if the 2x24m is right, might be what I’m thinking about don’t know.

Even at £50m, which I'm not convinced by, the training ground is better, but the stadium is older and the team is at a lower level. Yeah there's been inflation since, but I think our value can only have gone down.

[Hound]

Didn’t Dai buy tbe stadium for an independently valued £25m or so? And the training ground has been quoted at £30m hasn’t it?

Not saying either of these are either accurate reflections or in fact what they cost in terms of the training ground, but best we have to make a judgement

[From Despair To Where?]

Its like an auction though, isn't it. It's not about what they're worth on paper but what someone's prepared to pay at a given time.

No-one's going to pay upwards of £50m for a League 1 club.

[Hound]

Its like an auction though, isn't it. It's not about what they're worth on paper but what someone's prepared to pay at a given time.

No-one's going to pay upwards of £50m for a League 1 club.

Yeah get that but they are buying property assets as much as a football club

Is there a similar club that has been sold recently to compare? Know you mentioned Derby but what did they actually buy there?

Suspect if Dai keeps hold of the training ground and stadium (which I think may well happen) we’re taking 15-20m

(I’d like nothing more for Dai to value the whole lot at less than £30m but I don’t think that’s realistic)

[Snowflake Royal]

Didn’t Dai buy tbe stadium for an independently valued £25m or so? And the training ground has been quoted at £30m hasn’t it?

Not saying either of these are either accurate reflections or in fact what they cost in terms of the training ground, but best we have to make a judgement

The stadium was sold on the dodge to fiddle our finances. The training ground may have cost something like £30m to build, doesn't mean it's going to sell for that.

When the prospect is hey Dai, you know you've lost lots of your wealth and are having issues with a business in China, well you could carry on losing millions a year at a football club that doesn't want you, or you could take £30m in cash now. I don't think Dai has any negotiating room.

Interesting* potentially nonsense article here: https://the-elastico.com/cost-of-football-clubs/
Birmingham linked with a ~£35m takeover recently.
Blackburn went for £23m in 2010 - in the PL
Wednesday in the Championship 2015 £37m
Accrington Stanley in 2019 (L1) - less than £3m

Confirmation bias and all that, but it just cements my view we'd go for no more than £30m as one of the more valuable clubs in the division.

[Snowflake Royal]

County is right though, Zingarevich paid £25m for 51%

The Thais supposedly bought the whole club for £26m. Anton made the club lose half it's value in a couple of years. Pcunt

Can't find how much Dai paid.

[Hound]

Not sure it was ever disclosed

Of course the Thais kept some of the land that time round. And we were on the verge of the prem at the time

Dai is a stubborn git - I don’t think he’ll be rushed into any quick sale. Guess depends on how much he needs the money/how much we’d lose over the course of this season