SD has decided to sell!!

"The desperation for a quick fix or simple answer is going to lead to massive frustration if it is protracted."

People are already frustrated.

This may not become protracted.

Whatever the case what people wish for won't alter what happens.

It's entirely normal and sensible for people to want a quick fix and a simple answer ...

... there may well be one.

 

That's fair enough mate. We should just be grateful while it lasts I guess. I'd love to see this all come together.

 

Let me get this correct. Donald can not sell the club unless he pays FPP £10m, otherwise he needs FPP permission to sell the club. If he fails to repay the £10m FPP get the club by default . Donald cannot borrow £10m to pay FPP their loan back as he is not allowed to by way of t's and c's of that loan agreement. So unless some buyer comes along to pay £10m over the top of their valuation of the club so Donald gets that money back (and FPP consent to it) no sale is likely to take place? The way I see it the only buyers can be FPP. Let's hope they do and their reputation of legacy project philanthropy is accurate. Otherwise we are fooked. Has that covered all bases?

 

Someone would have to literally give Donald £10 million as an unsecured loan then hope he gives it to FPP.

Donald couldn't sell them his shares as FPP wouldn't sanction it.

He can't accept a secured loan as FPP wouldn't sanction that either.

So, as I said, someone would have to risk £10 million in the hope that Donald would repay it ...

... otherwise they could find themselves owning a League One club needing big investment.

 

Well let me put it this way, you're already at least £10m over what the last person paid for it at the most generous interpretation of that deal. We're worth whatever someone is willing to pay, and at the moment, it's apparently short of Donald's valuation. The squad may be worth £13m in transfer fees theoretically, but all of those players actually cost that amount each year. They're not just 'not worth £13m', they're a liability as much as they're an asset.

The club's most tangible assets are the stadium and the academy of light. Those are not quantifiable beyond the price of the land they sit on, such is their quite niche use at the moment, and the cost to convert them for any other purpose.

 

And there may not. If people don't acclimatise to that reality, things can get a lot worse if we direct the frustration at Donald in the wrong ways.

 

FFS, Although many players may be liabilities on grass, on paper they are assets.

 

And what are they worth if you're spending more on them than you can recoup?

If you're committed to spending £1m on a player over the next 4 years, and his resale value is £500k, what is he in practical terms when evaluating the worth of the football club to a potential buyer? Unless that player is going to help you to achieve a lot on the pitch, they aren't a good thing. Football club worth is rarely based on their players unless they're moving the needle from a commercial point of view.

 

People will feel what they feel and do what they do based on what they see.

You don't know any better than anyone else so I doubt people will take any notice of your endless warnings.

Donald has said he wants to sell so the pressure is off him to an extent ...

... he's accepted his time is up now it's down to the next owner.

 

Not sure Oddbod counts as a credible poster mind

 

To be fair you've written garbage.
To derive any benefit from a transfer fee the club must sell before the end of the player's contract.
A players value on the balance sheet is his cost, transfer fee, signing on fee, wages, contractual bonuses etc. spread over the period of his contract and at the end of the contract they are worth zero.
Impossible to value a player's worth 4 years hence.

 

Sartori's a funny one - he's actually put cash in - might be one to be watched.

 

Does anybody want to buy us?

It’s like the mags endlessly twisting on about Ashley but if nobody want to buy there’s little he can do.

All the cringey “the don” stuff seems a long time ago now.

 

What's your view on it?

 

I'm sure someone does (just like they do re Newcastle) but at what price?

 

Hopefully somebody wants us but we aren’t exactly an enterprising prospect.

Who’s to say that the next incumbent isn’t as bad as Donald?

 

Does anybody want Newcastle? Been up for sale (apparently) for god knows how long yet still Ashley holds the reigns despite the Tyne being full of gravy soaked tears!

 

I would say that for the right person that we're a very enterprising prospect.

If new owners are prepared for a long term approach rather than the scatter gun approach of the last 10 years or so then we're a bargain with massive potential.

 

Like the permanently unsold house down the street - owner wants more than buyers think it's worth. Hence spending a bit on a lick of paint(Joelinton et al) to try and give it a new look

 

How much does Ashley want? Nobody has a clue. Just because the mags believe he’s after more than it’s worth doesn’t make it true.