CONFRIMED: Latest rumours Confrimed as Unconfrimed

[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?

[Who Moved The Goalposts?]

Let's just hope that the Blue company being mentioned isn't the one we really don't want anywhere near us. There are others with similar sounding names.

[Sutekh]

Let's just hope that the Blue company being mentioned isn't the one we really don't want anywhere near us. There are others with similar sounding names.

42,380 companies registered at Companies House that begin with the word "Blue".

[WestYorksRoyal]

Let's just hope that the Blue company being mentioned isn't the one we really don't want anywhere near us. There are others with similar sounding names.

If public records show red flags all over the place it's fine - the EFL can block it or set an impossibly high bar like the PL did for 777.

It's if Dai sells to a crook who's done a decent job of covering up their mess we have a problem.

[morganb]

Let's just hope that the Blue company being mentioned isn't the one we really don't want anywhere near us. There are others with similar sounding names.

Do you know something we don't?

(We covered 'Blue' companies a few pages back)

[Who Moved The Goalposts?]

Let's just hope that the Blue company being mentioned isn't the one we really don't want anywhere near us. There are others with similar sounding names.

Do you know something we don't?

(We covered 'Blue' companies a few pages back)

Heard a small whisper, yes, but absolutely no idea if it's true - so like most of us, I don't know much at all. We will find out eventually - if we are still around as a club, that is. Clock is ticking.

[Lower West]

Let's just hope that the Blue company being mentioned isn't the one we really don't want anywhere near us. There are others with similar sounding names.

42,380 companies registered at Companies House that begin with the word "Blue".

It's listed on the HK stock exchange.

[Mid Sussex Royal]

Dellor reporting on radio that Dai is considering 4 bids in next 48 hours, 3 pre Couhig and one new.

The not so good news is that the money runs out mid November.

[WestYorksRoyal]

Dellor reporting on radio that Dai is considering 4 bids in next 48 hours, 3 pre Couhig and one new.

The not so good news is that the money runs out mid November.

Very mixed news. Presumably he didn't have anything to comment on this Blue River company, so could be bollocks or they could be the 4th bidder.

The optimist in me sees no reason why it can't be done by mid November when the funding runs out, given all the due diligence is done. EFL checks will be the biggest hurdle.

[Mid Sussex Royal]

Dellor reporting on radio that Dai is considering 4 bids in next 48 hours, 3 pre Couhig and one new.

The not so good news is that the money runs out mid November.

Very mixed news. Presumably he didn't have anything to comment on this Blue River company, so could be bollocks or they could be the 4th bidder.

The optimist in me sees no reason why it can't be done by mid November when the funding runs out, given all the due diligence is done. EFL checks will be the biggest hurdle.

I didn't actually hear it live, just read something on Twitter that The Tilehurst End posted.

I'd hope whoever gets exclusivity will fund the club via loans in the same way Couhig did.

[Forbury Lion]

The Price of Football expert, Kieran Maguire has suggested the sale to the other HK Businessman might just be a way of getting rid of the problem by including it in with the sale of something else the other guy actually wants, thereby leaving him with the problem club to get rid of.

[Brogue]

Nigel Howe’s ban starts today

[Snowflake Royal]

Dellor reporting on radio that Dai is considering 4 bids in next 48 hours, 3 pre Couhig and one new.

The not so good news is that the money runs out mid November.

Very mixed news. Presumably he didn't have anything to comment on this Blue River company, so could be bollocks or they could be the 4th bidder.

The optimist in me sees no reason why it can't be done by mid November when the funding runs out, given all the due diligence is done. EFL checks will be the biggest hurdle.

£5 says the new bidder is Dai's mate just trying to push up the price for other bidders.

[Who Moved The Goalposts?]

Dellor reporting on radio that Dai is considering 4 bids in next 48 hours, 3 pre Couhig and one new.

The not so good news is that the money runs out mid November.

But presumably, the exclusivity arrangement will include short-term financing in the same way as Couhig's bid. If it goes tits up after that, we could be in administration.

[Sutekh]

Hoping that this is going to be it this time, and that whoever it is resolves this utter shambles one way or another.

However

[Biscuit goalie]

Donald Trump has put in a bid of £100m It's the only way he can make himself a life President