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I haven't been through numbers in any sort of detail, but from memory they have chucked in £14 million so far (?) includes player purchases, new pitch, stand and training ground improvements etc, feels like that money has actually gone quite a long way.
We should receive about £1.3 million for the season we just had in League 1 and and that steps up to between £7 million and £8 million into the coffers next season, so already guaranteed around £8 million to £9 million in receipts from TV/Solidarity (I wanna 'ave babies, and be called Loretta) payments. As far as I can see, they've recouped a massive amount of their initial investment already and the club will benefit long term, from the new pitch and stand upgrades etc, no matter what happens from here on out. They're making the business of football look easy at the moment, aren't they? With a pot of £200,000,000 available for another promotion and the initial outlay they made virtually recovered, I doubt it will take much encouragement to dip their hands even deeper into their pockets this time around.
Gamechanger and the ROI on 22:14 - May 15 by Guthrum
That £14m share issue was just to offset the operating losses - £12.6m after player sales - in 2021-22, to prevent us from falling foul of overspending rules, presumably. Those losses include all the income from attendances (already significantly higher than 2018-19, the last full season before Covid) and £3m of Solidarity/TV money, plus £3.4m commercial income and £2.3m merchandise.
Wages alone (inc. NI and pensions) were £16.4m in 2021-22. They will inevitably be higher in the Championship. Probably at least by a third, if pre-relegation figures are anything to go by. The extra £5m Solidarity/TV money we'll be getting will do little more than even that out.
Gamechanger are a long way from breaking even at this stage.
Honestly, I haven’t looked at the accounts, but I was under the impression that a lot of the cash injection was to fund off field projects (new pitch, buying building next door , stand improvements etc?) and to fund player purchases, maybe some to offset losses?
Gamechanger have gained through promotion and the inevitable rise in asset value, which won’t be shown in the last set of accounts (if at all?) probably went from a market value of £25 million to £30 million League 1 team to a £50 million to £60 million Championship side, none of which of course could be realised without selling the club. Revenues now should be very healthy too with all the extra season ticket sales (21,000 vs less than 13,000 previously) and extra merchandise sales etc, we won’t know the extent of that extra revenue for quite a while, but it should be significant.
Gamechanger and the ROI on 20:50 - May 15 by TalkingBlues
As soon as you reach the Prem you’re guaranteed over £100,000,000 in payments, even if you get relegated (then you get all the parachute payments on top of course) so if you manage to get to the promise land without the debt portfolio of a third world country, you should realistically see the club valued at North of £200,000,000 and if you manage to finish anywhere near mid table, more like £300,000,000 to £500,000,000+
I’m looking purely at an investment perspective for Gamechanger and how they get their money back.
An utterly ridiculous post, even for you.
SB
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Gamechanger and the ROI on 23:26 - May 15 with 1978 views
Gamechanger and the ROI on 21:46 - May 15 by TalkingBlues
Lol, you waited all this time for that response?
I guess despite the frantic Googling, you couldn’t find anything that suggested I wasn’t in the right ball park? If inaccurate, please correct me, I’m only ball parking and would love some firm numbers.
Lagos is an accountant by profession, who worked internationally in the corporate and non-profit sectors.
He probably has a nose for made up figures, and doesn't need to "frantically Google" to spot them.
The gist of what you are saying is correct: the project is on track and the owners will be delighted. The investment in the infrastructure tells us both that they are willing to make substantial capital investment and that they see this as a long-term project.
None of us know what the senior management team are being paid. Nobody on here knows the details of eg Connor Chaplin's contract either, in spite of some throwing around figures. Anybody trying to put figures on what Gamechanger have invested is making it up until the accounts are published. Even then it won't be immediately obvious as some of the capital sums expended may be allocated across different years.
We can't say any more than: things are going well. The owners are happy, but this is not a short-term project for them and they are already laying the groundwork for the next stage of the journey to where they want the club to be.
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Gamechanger and the ROI on 07:45 - May 16 with 1898 views
Gamechanger and the ROI on 00:05 - May 16 by ArnoldMoorhen
Lagos is an accountant by profession, who worked internationally in the corporate and non-profit sectors.
He probably has a nose for made up figures, and doesn't need to "frantically Google" to spot them.
The gist of what you are saying is correct: the project is on track and the owners will be delighted. The investment in the infrastructure tells us both that they are willing to make substantial capital investment and that they see this as a long-term project.
None of us know what the senior management team are being paid. Nobody on here knows the details of eg Connor Chaplin's contract either, in spite of some throwing around figures. Anybody trying to put figures on what Gamechanger have invested is making it up until the accounts are published. Even then it won't be immediately obvious as some of the capital sums expended may be allocated across different years.
We can't say any more than: things are going well. The owners are happy, but this is not a short-term project for them and they are already laying the groundwork for the next stage of the journey to where they want the club to be.
Cheers.
It was more the position that income was the same as return. As anyone who has ever ran or been involved in any business knows, that is complete bobbins :-)
I like fag packet analysis, often do it myself to get a ball park feel on things, but it's handy to have some understanding of how things work.
In terms of Gamechanger "returns" thus far, the accounts will tell us the latest position. But the way they will get a return is basically to invest in us over the medium term and then sell on when we are a more attractive (and more expensive) proposition.
The income streams from being in the championship and/or Premiership are just that and no more. They are super handy and they will enable the club to invest more but of course with all the investment comes cost, i.e. You have to pay higher wages as you improve your squad.
Being in the Prem is absolutely no guarantee of profitability, p*ssing away millions is quite easy, especially when you look at ground development costs.
So it's way to early to say anything other than things are "on track" and going well. In terms of getting a decent return there's so much more to do.
As/when we are established in the Prem and performing no doubt there could be a sale (and return for Gamechanger) but there's so far to go and any sale would be dependent on so many things. Ultimately the price is determined by how much someone will pay and nothing else. TV income, sponsorship, gate receipts are great but to sustain a premiership place would need shed loads of dosh hence why plenty of premiership clubs lose money.
Anyone proclaiming to have an insight into the financial future is as reliable as a travel report from Fergal :-)
Gamechanger and the ROI on 22:16 - May 15 by Vegtablue
They'll be delighted with progress 100%. And I'd like to think we'd be a very attractive prospect. EFL clubs are money pits though aren't they!
The players in Prem squads are the real winners with the inflated salaries and long term contracts. The owners rarely come out with big money as they spend it on players and grounds and try to hold onto their place in the elite league. A team that manages to keeps its costs under control will struggle to stay there for more than 2 seasons . Paying 100 k a week to the top players is crazy but they all do it. Be careful what you wish for.....
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Gamechanger and the ROI on 08:46 - May 16 with 1857 views
As much as I love GC20's rescue of the club, I am quietly worried for the future. I think it is fairly clear to see we're being renovated for resale, and I do worry if the investment will fall off if/when we return home to the Premier league. Time will tell, but I suspect we will be up for sale pretty quickly if/when that promotion happens.
Gamechanger and the ROI on 00:05 - May 16 by ArnoldMoorhen
Lagos is an accountant by profession, who worked internationally in the corporate and non-profit sectors.
He probably has a nose for made up figures, and doesn't need to "frantically Google" to spot them.
The gist of what you are saying is correct: the project is on track and the owners will be delighted. The investment in the infrastructure tells us both that they are willing to make substantial capital investment and that they see this as a long-term project.
None of us know what the senior management team are being paid. Nobody on here knows the details of eg Connor Chaplin's contract either, in spite of some throwing around figures. Anybody trying to put figures on what Gamechanger have invested is making it up until the accounts are published. Even then it won't be immediately obvious as some of the capital sums expended may be allocated across different years.
We can't say any more than: things are going well. The owners are happy, but this is not a short-term project for them and they are already laying the groundwork for the next stage of the journey to where they want the club to be.
By far the most balanced post on this sorry thread, I do feel TalkingBlues has been subjected to a bit of undue flak, pelters even, for putting up an opinion in layman's terms. Like Lagos I am also an accountant (but retired now) and have always been susceptible to back of envelope calculations (in science it's called a sense check) so felt that the subject matter introduced was worth opening out. Instead we had a few seasoned posters trying to stifle things - when they could have engaged in a more useful, educational and nuanced discussion.
The 14 million figure is just what they put in over the summer. They are in for something nearer 100 million in total if you include the club purchase. ROI they keep revaluing game changer and breaking single shares into smaller shares increasing the number of available shares in game changer (Not the club). The shares are sold to new investors, the original investors can choose to buy more shares or decrease their holding and realise money. Technically if everything goes well you can end up holding less shares but a stake that can have a greater financial worth than original investment.
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Gamechanger and the ROI on 09:18 - May 16 with 1821 views
lets be honest.....for a £40m investment it was an absolute steal, especially as any club making it to the EPL has a guaranteed £178 over three years whether they stay in the EPL or not.
There will be plenty of money available this year.
[Post edited 16 May 2023 9:19]
I T I D
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Gamechanger and the ROI on 09:26 - May 16 with 1811 views
Gamechanger and the ROI on 08:42 - May 16 by kiwiblue
The players in Prem squads are the real winners with the inflated salaries and long term contracts. The owners rarely come out with big money as they spend it on players and grounds and try to hold onto their place in the elite league. A team that manages to keeps its costs under control will struggle to stay there for more than 2 seasons . Paying 100 k a week to the top players is crazy but they all do it. Be careful what you wish for.....
Just wasted an hour on a cold wet night..... players on a site on the prem salaries and 115 players earning 100k a week highest 375k which makes 600m. Chelski as was 218m a year and Manure 216m a year in wages for players alone. Lowest Bournemouth on 45m Brighton 47m and Brentford 48m which seem to be the model to aim for with Town Leicester at 106m maybe disaster about to happen Salary sport thanks for the data but cant totally believe it we pay 7.7m according to it as its not updated it seems.....
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Gamechanger and the ROI on 09:30 - May 16 with 1809 views
Gamechanger and the ROI on 08:53 - May 16 by WeWereZombies
By far the most balanced post on this sorry thread, I do feel TalkingBlues has been subjected to a bit of undue flak, pelters even, for putting up an opinion in layman's terms. Like Lagos I am also an accountant (but retired now) and have always been susceptible to back of envelope calculations (in science it's called a sense check) so felt that the subject matter introduced was worth opening out. Instead we had a few seasoned posters trying to stifle things - when they could have engaged in a more useful, educational and nuanced discussion.
Well said sir, in honesty I was quite happy for someone to provide some more concrete numbers as all the numbers I’ve chucked around are fag paper/envelope calculations as that’s all we can really do from an ITFC perspective currently. I don’t think the potential valuations, should we become a premier league team, are a million miles out though, judging by valuations of existing teams in the league and what information I managed to find on how to go about assessing a football clubs value (which is extremely nuanced) but that’s still an assumption largely dependent on the debt profile, which I’ve made the big assumption that we are not about to go collecting a load of in the next couple of years, certainly not the hundreds of millions that some teams have accrued anyway.
I still believe the investors will be overjoyed at this point, given the “high risk” investment they made, the clubs value will have rocketed through gaining promotion and we almost start again now with new risk/reward calculations for the next attack on promotion, but I imagine this becomes far more tricky, as significant investment is likely required, but the reward is undoubtedly there to be had. As others have said, the more concerning aspect is that they have to sell to realise any return and if we do manage to pull off an insane season and get up again, it would present a terrific time to sell, equally having a good first season in the Prem would yield a big further reward, certainly worth discussing this stuff as we are owned by an investment vehicle who will take a different view to a rich individual.
Gamechanger and the ROI on 21:40 - May 15 by bluelagos
The more you write the more apparent it is that you haven't the feintest clue what you are tslking about.
Making Frimmers look informed is some achievement.
Might I take the liberty of introducing another line of debate regarding your use of the adjective 'feintest' here?
My first thought was "Bravo!" that is actually the correct form because the derivation of the phrase must surely be from the 'feint' lines on paper - i.e. your 'clue' or understanding is not even that which is the most thin or slight.
However, according to the authority of various respected dictionaries, it seems that 'faintest' (which most people would probably tend to use) is in fact the correct form, because the derivation is from 'weak' or 'not clear'.
I would contend that your form is much better, was probably the origin of the phrase, and really ought to be re-instated forthwith. I intend to write on the subject to all of the major dictionaries and hope to be able to report back here with their responses.
Apropos of this I had communication recently with a person on here whose identity I have forgotten, who enquired as to whether I thought I was Suzy Dent. I can categorically state that I do not think I am Suzy Dent, and I have no idea whatsoever what a 'glory hole' is.
*** Puch Maxi N Owners Club, Social Distancing Officer (SoDOff) and Undersecretary for The Verification of Vaccinations And Testing (UTVVAT) 2021 ***
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Gamechanger and the ROI on 09:41 - May 16 with 1792 views
Gamechanger and the ROI on 07:45 - May 16 by bluelagos
Cheers.
It was more the position that income was the same as return. As anyone who has ever ran or been involved in any business knows, that is complete bobbins :-)
I like fag packet analysis, often do it myself to get a ball park feel on things, but it's handy to have some understanding of how things work.
In terms of Gamechanger "returns" thus far, the accounts will tell us the latest position. But the way they will get a return is basically to invest in us over the medium term and then sell on when we are a more attractive (and more expensive) proposition.
The income streams from being in the championship and/or Premiership are just that and no more. They are super handy and they will enable the club to invest more but of course with all the investment comes cost, i.e. You have to pay higher wages as you improve your squad.
Being in the Prem is absolutely no guarantee of profitability, p*ssing away millions is quite easy, especially when you look at ground development costs.
So it's way to early to say anything other than things are "on track" and going well. In terms of getting a decent return there's so much more to do.
As/when we are established in the Prem and performing no doubt there could be a sale (and return for Gamechanger) but there's so far to go and any sale would be dependent on so many things. Ultimately the price is determined by how much someone will pay and nothing else. TV income, sponsorship, gate receipts are great but to sustain a premiership place would need shed loads of dosh hence why plenty of premiership clubs lose money.
Anyone proclaiming to have an insight into the financial future is as reliable as a travel report from Fergal :-)
Going to be a long summer...
I wasn’t trying to assert the income was the same as return, but more pointing to the fact that knowing your club is going to receive £100,000,000 guaranteed purely by being promoted and a further £78,000,000 even if you get relegated, makes a helluva difference when you are figuring out risk/reward, there’s a huge guaranteed carrot. Equally, if you manage to attain promotion and have a healthy revenue and little debt, the clubs valuation will be high.
The nuanced stuff, are things like brand value, but I think that’s where we can’t underestimate the value of the affiliation with Ed Sheeran and also the clubs history, we’d be a very attractive proposition to potential buyers and thus likely to command a higher sale price than many other debt laden clubs.
Gamechanger and the ROI on 00:05 - May 16 by ArnoldMoorhen
Lagos is an accountant by profession, who worked internationally in the corporate and non-profit sectors.
He probably has a nose for made up figures, and doesn't need to "frantically Google" to spot them.
The gist of what you are saying is correct: the project is on track and the owners will be delighted. The investment in the infrastructure tells us both that they are willing to make substantial capital investment and that they see this as a long-term project.
None of us know what the senior management team are being paid. Nobody on here knows the details of eg Connor Chaplin's contract either, in spite of some throwing around figures. Anybody trying to put figures on what Gamechanger have invested is making it up until the accounts are published. Even then it won't be immediately obvious as some of the capital sums expended may be allocated across different years.
We can't say any more than: things are going well. The owners are happy, but this is not a short-term project for them and they are already laying the groundwork for the next stage of the journey to where they want the club to be.
So am I and this is one of those examples where it's just so bad I don't know where to start haha
Gamechanger and the ROI on 09:30 - May 16 by TalkingBlues
Well said sir, in honesty I was quite happy for someone to provide some more concrete numbers as all the numbers I’ve chucked around are fag paper/envelope calculations as that’s all we can really do from an ITFC perspective currently. I don’t think the potential valuations, should we become a premier league team, are a million miles out though, judging by valuations of existing teams in the league and what information I managed to find on how to go about assessing a football clubs value (which is extremely nuanced) but that’s still an assumption largely dependent on the debt profile, which I’ve made the big assumption that we are not about to go collecting a load of in the next couple of years, certainly not the hundreds of millions that some teams have accrued anyway.
I still believe the investors will be overjoyed at this point, given the “high risk” investment they made, the clubs value will have rocketed through gaining promotion and we almost start again now with new risk/reward calculations for the next attack on promotion, but I imagine this becomes far more tricky, as significant investment is likely required, but the reward is undoubtedly there to be had. As others have said, the more concerning aspect is that they have to sell to realise any return and if we do manage to pull off an insane season and get up again, it would present a terrific time to sell, equally having a good first season in the Prem would yield a big further reward, certainly worth discussing this stuff as we are owned by an investment vehicle who will take a different view to a rich individual.
Nothing wrong with a bit of speculating and critical thinking fella, don't be deterred.
FWIW I don't view it as a high risk investment at all. A £40m consideration is 4x revenue on a really bad day for this football club, with a decent chunk of assets to boot. They could've broken up the club into its bits (i.e. sold off players) and recouped a decent chunk of that straight off the bat, and still maintained healthy levels of ticket sales and revenue in the short to medium term. Obviously that never would've been the right course strategically, and the goodwill from supporters would've slowly but surely waned over time had we not seen improvement. Football clubs are very unique beasts in that they have this large customer base (hate that word in the context of football supporters) who won't switch sides. Some might opt out of watching, which is a risk, but they generally remain there as passive potential customers. You don't pick and choose your football team, there's such a minimal expose to competition which is unrivalled in other industries and for that reason it's very attractive and relatively low risk at the right price.
Couple that with the significant upside potential of turning around an unloved but very well backed club, and the potential starts to far outweigh any downside risk.
They won't be particularly worried right now about the value of the club right now. The only consideration will be to what extent they suck up operating losses in the interim to get to where we want to get to, before they're in a position to sell up at a profit. It's basically a VC model. That's where player trading is so important, increase the net book value of business and trading sustainably to offset losses. Do that while growing commercial revenues and league status and you're winning, which are Ashton's bread and butter.
Gamechanger and the ROI on 10:02 - May 16 by clive_baker
Nothing wrong with a bit of speculating and critical thinking fella, don't be deterred.
FWIW I don't view it as a high risk investment at all. A £40m consideration is 4x revenue on a really bad day for this football club, with a decent chunk of assets to boot. They could've broken up the club into its bits (i.e. sold off players) and recouped a decent chunk of that straight off the bat, and still maintained healthy levels of ticket sales and revenue in the short to medium term. Obviously that never would've been the right course strategically, and the goodwill from supporters would've slowly but surely waned over time had we not seen improvement. Football clubs are very unique beasts in that they have this large customer base (hate that word in the context of football supporters) who won't switch sides. Some might opt out of watching, which is a risk, but they generally remain there as passive potential customers. You don't pick and choose your football team, there's such a minimal expose to competition which is unrivalled in other industries and for that reason it's very attractive and relatively low risk at the right price.
Couple that with the significant upside potential of turning around an unloved but very well backed club, and the potential starts to far outweigh any downside risk.
They won't be particularly worried right now about the value of the club right now. The only consideration will be to what extent they suck up operating losses in the interim to get to where we want to get to, before they're in a position to sell up at a profit. It's basically a VC model. That's where player trading is so important, increase the net book value of business and trading sustainably to offset losses. Do that while growing commercial revenues and league status and you're winning, which are Ashton's bread and butter.
Gamechanger and the ROI on 08:42 - May 16 by kiwiblue
The players in Prem squads are the real winners with the inflated salaries and long term contracts. The owners rarely come out with big money as they spend it on players and grounds and try to hold onto their place in the elite league. A team that manages to keeps its costs under control will struggle to stay there for more than 2 seasons . Paying 100 k a week to the top players is crazy but they all do it. Be careful what you wish for.....
Wise words and well demonstrated by our neighbours, one of only four clubs to make a profit last season! We don't appear to be many years from moving to the European FFP model, which caps wages at 70% of turnover. Clubs won't help each other that's for sure.
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Gamechanger and the ROI on 11:31 - May 16 with 1650 views
Gamechanger and the ROI on 11:07 - May 16 by FrimleyBlue
Unsure why that's a wrong opinion you have TB tbh Brighton in 2019 alone was said to be worth 230 mill plus.
I think it's a pretty decent fag paper guesstimate of what our worth could be, should we reach the Prem. A lot of clubs in the Prem appear to have quite substantial valuations, even though they're carrying loads of debt. Different animals I know, but the likes of Man U, Chelsea etc are valued at £2.5 Billion+ and Man U look set to realise significantly more than that, talking £4.5 Billion+, unbelievable Jeff. Not hard to see how a lower Prem side could be worth a few hundred of million. I did a quick Google earlier and they reckon even a few of the current Championship clubs are worth £130 million+
Does make you wonder how long Gamechanger hang on to the investment if we get promoted quickly.
**Imagine we get promoted to Prem and they sell the rest of the stake to Marcus Evans, OMFG, it's not even beyond the realm of possibility, frightening
Gamechanger and the ROI on 19:14 - May 15 by Metal_Hacker
I’ve not a clue but seems TB has a handle on the club’s finances somehow
I’d imagine it to be a bigger gulf between investment and recouping though
Indeed.
I don’t think they’ll make any money on revenue unless we’re promoted to the Prem League. But the investment already has a decent ROI if they sell as we’re instantly worth more as a Championship side where we now aim to stay as a bare minimum.
So we should be comfortable for a couple more years at least. It’s when the Prem League looks out of reach and we’re losing money that the ROI issue might rear its head, but even that’s probably not much of a problem if we’re bankrolled by a multi-billion pound pension fund that would only look at investing in us for the Prem League pay-off.
Pronouns: He/Him
1
Gamechanger and the ROI on 12:09 - May 16 with 1610 views
My only real thoughts are that GC will be comfortable with the current progress.
They've acquired the club and already put in an not insignificant amount of capital already, all viewed as high risk investment.
It's a risk (all football is) to aquire a Broadhead for £1m+ but it's not wasted money, he's still worth £1m+ as a realisable asset in the short term.
Pumping million(s) into the pitch, it's something that any progressive club would need to have in place, they're just doing it now, it's still an asset that exists and adds value, certainly mid term (not sure on working life of the new pitch and associated 'stuff').
The land they've acquired is again, something that won't likely lose any value, but will add to the value of the club (at some point) so they'll be comfortable with that expenditure as it's not independent of the club activity, but can be separated if need be.
The attendances and shirt sales will likely be their biggest surprise and perhaps there's been at least a million or two generated in excess of expected revenues in that respect, so they will be happy for sure, I'd like to think turnover to Jun 23 will be up to around £16m or so. No idea what profits from players we'll see (can't remember who's gone/sell ons etc).
The additional say £6m TV monies received in the championship will simply allow the uplift in salaries of the ~200 staff working at the club. You'd assume say 30 off of the first team will be getting substantial increases to mid/upper championship salary levels and i'd not be surprised to see that alone consume the additional tv revenues, the other 170 will get a 'bit' ?
I'd imagine our attendances and aformentioned links with Ed, will be far more attractive in terms of sponsorship deals etc and Ashton et all will be working hard on that aspect.
There's certainly scope to increase all areas and it's a job well done.
The above is just a snap shot in terms of the pension pot viewing the club as a high risk investment which is ticking along nicely with no warning signs just yet and will be carefully managed, no rushed decisions and the partnership with the local authority will be key to serious progression off pitch.
I think we'll see losses again, but a player sale may well be on the cards, and lets face it, we'll all be pretty disappointed to lose any member of this current squad.
For the OP. I don't think their initial investment has been recouped in the way you suggest, but it's certainly not impossible to say they could sell the club for as much as they've put in, but it's a small market and suitors wanting to buy championship clubs are not falling over themselves for clubs at any point.
ETA
I'm also a bean counter...seems as though there's a few of us!
[Post edited 16 May 2023 12:17]
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Gamechanger and the ROI on 12:38 - May 16 with 1578 views
Gamechanger and the ROI on 07:45 - May 16 by bluelagos
Cheers.
It was more the position that income was the same as return. As anyone who has ever ran or been involved in any business knows, that is complete bobbins :-)
I like fag packet analysis, often do it myself to get a ball park feel on things, but it's handy to have some understanding of how things work.
In terms of Gamechanger "returns" thus far, the accounts will tell us the latest position. But the way they will get a return is basically to invest in us over the medium term and then sell on when we are a more attractive (and more expensive) proposition.
The income streams from being in the championship and/or Premiership are just that and no more. They are super handy and they will enable the club to invest more but of course with all the investment comes cost, i.e. You have to pay higher wages as you improve your squad.
Being in the Prem is absolutely no guarantee of profitability, p*ssing away millions is quite easy, especially when you look at ground development costs.
So it's way to early to say anything other than things are "on track" and going well. In terms of getting a decent return there's so much more to do.
As/when we are established in the Prem and performing no doubt there could be a sale (and return for Gamechanger) but there's so far to go and any sale would be dependent on so many things. Ultimately the price is determined by how much someone will pay and nothing else. TV income, sponsorship, gate receipts are great but to sustain a premiership place would need shed loads of dosh hence why plenty of premiership clubs lose money.
Anyone proclaiming to have an insight into the financial future is as reliable as a travel report from Fergal :-)
Going to be a long summer...
"As/when we are established in the Prem and performing no doubt there could be a sale" Lagos, do you think that's their exit strategy? I'm more of the view that they want to get us to the point where we're a championship club ready for the prem and then sell to someone who sees the value add of getting us up. I'm pretty sure in one of the early interviews Brett Johnson said they'd looked at Newcastle but didn't think the ceiling was high enough. If a potential buyer can't see how they increase the value of the asset then they're unlikely to buy, I would have thought.
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