Wolves bought for 45 million (1 Viewer)

covboy1987 · Jul 21, 2016

Wolves bought for 45 million - I would imagine that is the stadium and training ground and the whole set up including the players - What was our asking price when enquiries were been made

Nick · Jul 21, 2016

I think before SISU there was one for £26million with an extended extended lease on the Ricoh.

letsallsingtogether · Jul 21, 2016

Nick said:
I think before SISU there was one for £26million with an extended extended lease on the Ricoh.

Joy wanted 90 million I believe

Nick · Jul 21, 2016

letsallsingtogether said:
Joy wanted 90 million I believe

Who was that to?

sportbilly · Jul 21, 2016

On BBC Sport web site: http://www.bbc.co.uk/sport/football/36852323

"Enter the Chinese on the wave of a massive interest in football, with their own Super League prospering, serious players being lured by fabulous contracts and TV coverage of English football soaring in scope.
The president has said he wants the World Cup staged in China within 20 years. The onward march into English football - and stakes in Atletico Madrid and AC Milan - is just one manifestation of that long-term aim.
The money is available to snap up these West Midlands clubs. Other bidders are just being blown out of the water by Chinese money."

I_Saw_Shaw_Score · Jul 21, 2016

Who'd want to buy us?

Genuinely what are you getting in assets? Players? Ticket & sponsorship revenue?
What else?

Ian1779 · Jul 21, 2016

letsallsingtogether said:
Joy wanted 90 million I believe

To be honest if a match day revenues contract is worth £24m alone apparently then £90m is a steal.

gears87 · Jul 21, 2016

A big smile,cheers and singing the owners name...that's it

Otis · Jul 21, 2016

I can understand Sisu wanting to recoup some of their investment, but the amounts bandied about on here and mentioned in despatches of wanting tens of millions is just ridiculous in terms of what anyone would be getting.

Without the Ricoh we are pretty much worthless aren't we?

gears87 · Jul 21, 2016

I_Saw_Shaw_Score said:
Who'd want to buy us?

Genuinely what are you getting in assets? Players? Ticket & sponsorship revenue?
What else?

Sorry posted wrong...fans cheering,singing the owners name that's what new owners will get

Ian1779 · Jul 21, 2016

Any price for the club is really gonna be a payment for SISU to go with at least something. But then after that where would a new owner invest? Increase playing budget definitely - but no ground, no academy thanks to CCC - and not really opportunity to acquire these for the club if the desire and money was there. More rental deals will just see the club end up here again in 10 years time but with different people's names on the accounts.

ccfctommy · Jul 21, 2016

I_Saw_Shaw_Score said:
Who'd want to buy us?

Genuinely what are you getting in assets? Players? Ticket & sponsorship revenue?
What else?

Literally the players, the name and the golden share to play in League One.

AFCCOVENTRY · Jul 21, 2016

Our club has no value apart from the playing squad, Ryton and a couple of years lease at the Ricoh.

Cheap as chips...

Nick · Jul 21, 2016

It's all well and good being cheap.

Any new owner is going to want their own stadium aren't they?

IrishSkyBlue · Jul 21, 2016

Nick said:
It's all well and good being cheap.

Any new owner is going to want their own stadium aren't they?

yup thats it if your looking at us and have the money to like chinese do and were going to buy us, surely new stadium ect all be planned and a must if taking us over, but as said before where would you build would council allow within the boundaries ect, i suppose if a chinese investor threw enough money at them they wouldnt be long giving them best area they could get in cov im presuming ha.

shelby76 · Jul 21, 2016

AFCCOVENTRY said:
Our club has no value apart from the playing squad, Ryton and a couple of years lease at the Ricoh.

Cheap as chips...

We have the brand, international managers who have played or represented the club, big fan base, potential fo growth.

IrishSkyBlue · Jul 21, 2016

If you were wealthy chinese investor in our situation take us over suppose first thing youd do is have go council and make sure they would allow you build a new staduim ect, wonder how much they would request or want out of it tho?

SkyBlueSid · Jul 21, 2016

Otis said:
I can understand Sisu wanting to recoup some of their investment, but the amounts bandied about on here and mentioned in despatches of wanting tens of millions is just ridiculous in terms of what anyone would be getting.

Without the Ricoh we are pretty much worthless aren't we?

This is what has been meant when people say the club has been run into the ground. The main asset of any club outside the Premier League will always be its stadium, and as we don't have one we are indeed worthless. At this level our players are as much a liability as an asset if they are in contract.

Our only hope is if a Chinese consortium decides CCFC is worth a gamble by picking the whole club up on the cheap. They will not sell for peanuts though so the downward spiral is destined to go on. Their tactic of hoping to fluke two promotions is not a plan in any way.

Nick · Jul 21, 2016

SkyBlueSid said:
This is what has been meant when people say the club has been run into the ground. The main asset of any club outside the Premier League will always be its stadium, and as we don't have one we are indeed worthless. At this level our players are as much a liability as an asset if they are in contract.

Our only hope is if a Chinese consortium decides CCFC is worth a gamble by picking the whole club up on the cheap. They will not sell for peanuts though so the downward spiral is destined to go on. Their tactic of hoping to fluke two promotions is not a plan in any way.

But we have never owned the Ricoh, so it has always been like it.

Probably why we ended up with SISU in the first place

oldskyblue58 · Jul 21, 2016

Wolverhampton Wanderers ltd (the football side) is owned by WW (1990) Ltd (the property side)which in turn is owned ultimately by Bridgemere Investments Ltd (a Guernsey registered company) (the ultimate holding co)
for year ended 31/05/15
WW (1990) ltd group had net assets on the balance sheet of £49m (included in that is the stadium valued at 43m and training facilities 9m) In 2015 the group made 731k profit and a profit of 8.5m in 2014
The group has no big loans or financing and turnover was 26m in 2015
There are no clever set ups with shares and it looks like no loans from owners

Not sure I need to say more than that to illustrate how far away CCFC is from a value of any kind

Captain Dart · Jul 21, 2016

oldskyblue58 said:
Not sure I need to say more than that to illustrate how far away CCFC is from a value of any kind

Or how badly they've been managed by successive regimes.

oldskyblue58 · Jul 21, 2016

for various reasons this is an interesting page in the accounts in terms of perhaps our Championship aspirations. Take a look at the split of incomes and how they might relate to (a) owning a ground (b)the totals (c) our situation. Then look at the wages bill of a team that missed out of the play offs by quite a distance and (a) the amount paid and (b) the percentage of turnover.

gears87 · Jul 21, 2016

Sisu will not sell unless they get their money back no one is willing to invest in a Club with only a golden share to sell so we are stuck in limbo

shy_tall_knight · Jul 21, 2016

What are league distributions ?

chiefdave · Jul 21, 2016

shy_tall_knight said:
What are league distributions ?

Money from the PL

shy_tall_knight · Jul 21, 2016

Wolves were relegated at the end of the 2011/12 season, would have had parachute payments in the 2012/12 & 2013/14 accounts but 2014/15 there still seems to be £12m of payments

chiefdave · Jul 21, 2016

oldskyblue58 said:
for various reasons this is an interesting page in the accounts in terms of perhaps our Championship aspirations. Take a look at the split of incomes and how they might relate to (a) owning a ground (b)the totals (c) our situation. Then look at the wages bill of a team that missed out of the play offs by quite a distance and (a) the amount paid and (b) the percentage of turnover.

If you strip out gate receipts our income is £3.5m compared to their £20.7m, a pretty big difference by anyone's standards.

chiefdave · Jul 21, 2016

shy_tall_knight said:
Wolves were relegated at the end of the 2011/12 season, would have had parachute payments in the 2012/12 & 2013/14 accounts but 2014/15 there still seems to be £12m of payments

you get money from the PL apart from parachute payment, we get something like £400K every year.
£12m does seem high without any parachute payments though.

ccfcway · Jul 21, 2016

ccfctommy said:
Literally the players, the name and the golden share to play in League One.

have they found it ?

Captain Dart · Jul 21, 2016

MR ASHLEY MARTIN LEWIS the Director of W.W (1990) Ltd is doing very well for himself!

Brylowes · Jul 21, 2016

ccfcway said:
have they found it ?

Yep.
And Joy now keeps it very safe, it's tucked away inside the battery compartment of
Her "Rampant Rabbit", that way she can fuck us over anytime she needs to cheer
Herself up.

italiahorse · Jul 22, 2016

Nick said:
It's all well and good being cheap.

Any new owner is going to want their own stadium aren't they?

Unless they already have one ?

tisza · Jul 22, 2016

Wolves did need a very generous loan write-off of 40 million from Sir jack Hayward to put their books in order.
Still shows shows that with average gates of 20k they are still reliant on distributions to even cover the wage bill.

Brylowes · Jul 22, 2016

tisza said:
Wolves did need a very generous loan write-off of 40 million from Sir jack Hayward to put their books in order.
Still shows shows that with average gates of 20k they are still reliant on distributions to even cover the wage bill.

Outside the premier league, this will always be the case.

RegTheDonk · Jul 22, 2016

I_Saw_Shaw_Score said:
Who'd want to buy us?

Genuinely what are you getting in assets? Players? Ticket & sponsorship revenue?
What else?

I honestly don't see the lack of a ground as the stumbling block to someone with the kind of wad that is giving Guo Guangchang a hernia. People with pockets that deep will invest to get a long term return, and you've got a decent fan base if the product is right. His only problem would be how he goes about "buying" the council's cooperation. WASPs seem to have set a trend - I'll wager CCC would welcome anybody but SISU to turn CCFC around.

In terms of other assets, forget the ground, the players - the asset is the golden share. That's potentially worth an absolute fortune.

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