By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions. We in turn value your personal details in accordance with our Privacy Policy.
Please log in or register. Registered visitors get fewer ads.
Optimistic prospectus. EV 375 (overstated) growing to 1000 in 5 years. Slimmest chance. Assumptions best of best case. Player sales receipts 'up to' 100m. Reality 40-50 top end. Positive EBITDA 24/25: maybe, while in PL; not years before or after. IRR 40% rings alarm bells. Pension fund wants exit Incentives: discount on unrealistic valuation and HP terms Conclusion: you will be lucky mate. Hardest assumption to swallow: 'Led by an elite CEO and coach..'