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A friend has just text me, to say club will be sold in next 6 months.


corsacar saint

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I honestly believe that we are up for sale.

I really believe that Kat is maximising the money she can get from this club.

Sell everything worth selling (players) at the best possible price. Buy in a "competitive side) for a 3rd/4th of the money received

pay off debts and sell for a average price. Kat get more money

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So why make the club asset poor (selling best - indeed most - players)? Surely that would result in a lower sale price? Or is that too simplistic?

 

The latter. It will be worth the most money if it completely debt free with its own ground and top drawer training facilities AND is an established premier league team with a squad on sensible contracts. Spot the bit that is in jeopardy......

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So why make the club asset poor (selling best - indeed most - players)? Surely that would result in a lower sale price? Or is that too simplistic?

 

Basically the club had too much liability, if we asked for say 200 million we probably wouldn't get it even with our old side. But if you sell some of the players for 100+ million and then the club for say 90/100 with no debt and some fine fixtures and fittings you might find a buyer. In our case I think you'll find the sum of the parts is worth more than the total.

But you need to do that now because in a month or 2 the players might be worth far less.

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So why make the club asset poor (selling best - indeed most - players)? Surely that would result in a lower sale price? Or is that too simplistic?

 

Why? You'll get more money by selling your most valuable assets individually and the club separately than bundling everything together. There's more of a market for players than clubs not to mention getting a beancounter to value the club with players is a horribly inaccurate science.

Edited by shurlock
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So why make the club asset poor (selling best - indeed most - players)? Surely that would result in a lower sale price? Or is that too simplistic?

 

Players that been here for yrs or from academy can not be used as assetts in a financial way if I understand it correct, if we have bought a player it can be an asset in the books but that value always go down for each year in the financial way of looking at it.... Noone can put a figure on it other than estimating but you cant use that in the books.

Probably easier to find a buyer willing to give £50-100m for the club rather than close to £200m in the takeover.

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Why? You'll get more money by selling your most valuable assets individually and the club separately than bundling everything together. There's more of a market for players than clubs.

I think we've sold players for inflated prices for the most part. If the club was sold whilst they were still here then wouldn't their value be more accurate and probably lower. The maximum gain is in selling over priced and then just selling off whatever is left? Maybe.

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When I tweet this rumour I'm gonna say I've got a friend on Saintsweb who has a friend, and that friend has a friend who is friendly with someone who used to be ITK

 

I know a friend of your friend Bearsy, and he tells me we will defintely not be sold in the next 6 months. Guess I have a 50/50 chance of being right here, never been ITK before:)

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I met Gabriele Marcotti about a month after Cortese left and he was insistent that it was pretty much common knowledge within football that she wanted out, despite what was said publicly at the time. Pretty much the main reason NC left. He also said Cortese was trying to find new backers in the months leading up to his departure.

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All the signs point towards the club being up for sale, hopefully we can find a decent buyer but there are so many chancers out there looking for football clubs.

 

Decent buyer, bolloakks I want one with shedloads of moolah that he throws around like pocket change whilst awarding us a 50 year 100 million per annum publicity contract with some iffy company over which he presides. If you're going to have an owner make it one with money, money that he doesn't mind spending. One that you can look up in forbes and it clearly states how much he or she has.

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I honestly believe that we are up for sale.

I really believe that Kat is maximising the money she can get from this club.

Sell everything worth selling (players) at the best possible price. Buy in a "competitive side) for a 3rd/4th of the money received

pay off debts and sell for a average price. Kat get more money

 

The problem is we won't buy in a competitive side. Relegation looms. :(

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Posted the following on another thread...there are so many, i don't know where to post it!

 

Valuations are usually a combination of asset values and the future earnings of a company, not just the value of the assets/cash. So i do agree that the (downward) momentum of the club could more than offset the nicely inflated player sales.

 

I think of it like this: If i were buying Man Utd i would have 99.9% certainty that the Premier League TV money will be received for the next 3 years or more. Nobody expects them to be relegated in the next 3 years because of their squad (and the presumed positive gradual evolution of it). Even a disastrous season by their standards never even closely thretened relegation last year. Therefore, it follows, that i will factor in the 3 years of PL TV money into my valuation for Man Utd.

 

Now think of Saints. Maybe we got £30-£40m more of cash than the players were worth as assets. BUT, i would argue that under the previous squad (and the presumed positive gradual evolution of it) we would have very likely been a premier league club for the next three years - not as guaranteed as the Man Utd example, but certainly much, much more guaranteed than now. So it follows, that as a (rational) buyer, I no longer factor in 3 years of PL TV money into my valuation of Saints.

 

I think the risk of relegation from a weaker squad, and the loss of years of PL TV money, more than offfsets the "added value" of getting good cash for our players. It's for this reason that i don't quite see what KL's strategy is with regards to selling. Maybe she hopes that she can find a buyer who doesn't know that relegation exists in the premier league...

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Who will want to buy a club facing relegation?

 

Someone who couldn't afford to buy a club in the top 8 with all it's star players in place. Managing relegation is a difficult one but those clubs going down are in a far stronger position than ever to come back the following season. Saints could be viewed as a value buy. For instance, you don't want to buy growth stocks at the top of the market or at the glass ceiling in Saints case.

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Is he your best, best friend, like you've known each other since you were little dudes? Or is it like you're adults and adults only hang out with co-workers so it's the guy who you drink with the most, laughs at your fart jokes and even told him that you clicked on gay porn once just to see what it's all about so he's your best friend?

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Surely any potential buyer will wait until the club have been relegated before buying? It'll be a lot cheaper then, will still have top drawer facilities, and will probably need less investment in players to secure promotion than the amount that would need to be spent now to have a chance of avoiding relegation.

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I met Gabriele Marcotti about a month after Cortese left and he was insistent that it was pretty much common knowledge within football that she wanted out, despite what was said publicly at the time. Pretty much the main reason NC left. He also said Cortese was trying to find new backers in the months leading up to his departure.

 

Why does KL bother attending games if she has no interest in it? or is that all part of the smokescreen?

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I think we've sold players for inflated prices for the most part. If the club was sold whilst they were still here then wouldn't their value be more accurate and probably lower. The maximum gain is in selling over priced and then just selling off whatever is left? Maybe.

 

This has always been the elephant in the room with my "value is still included in the club for a sale" argument. Looks like we shed the players to make the price low enough for a buyer (as per Crab Lungs' post, which was also the first time it was mooted on here), will know if the replacements are underwhelming and if a sale is forthcoming - still a big risk though, what if the buyer doesn't want a Championship club?

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FFP will stop us from breaking into Europe anyway, regardless of how buys us even if its Bill Gates. Villa have been up for sale for ages. Have they been brought?

 

Exactly but people are ****ed and desperate for a Man City style owner (even though FFP has screwed that up) the thing is for every loaded money splashing owner there seem to be two or three err.... slightly bonkers owners and we could end up worse off than we are now (yes really).

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