What are we worth?

[MolteniArcore]

Following on from @Redwurzel’s post on another thread where he suggested £75m, what are we worth?

We lose money every year, have to be propped up by Gibson, but as a going prospect for greatness we must be worth something?

What do yous think??

 

[Middlesbrough123]

£1 and a hand shake

 

[outoftown]

As a business option?
Stadium+ income away from football, + squad assets ?
Probably 75 to 100 mill as a complete guess

 

[Nano]

As a business option?
Stadium+ income away from football, + squad assets ?
Probably 75 to 100 mill as a complete guess

Agree. Perpetual loss making business and fairly low value assets. Increased revenue prospects without significant investment is low probability.

If Gibson was too sell though I can't see him being hard nosed about it. He'd sell to the right person and would probably prefer the money to be invested in the club rather than taking the cash.

 

[r00fie1]

£5 10/-6d + a book of Green Shield Stamps

 

[boroboy6872]

£50 in a brown envelope

Hand shake

Teesside nod

 

[Johnny Vincents Motorbike]

the trouble with Bean Counters, is they know the price of everything and the value of nothing.

to the Borough of Middlesbrough, The Football Club is the value of everything and priceless.


we shall overcome.

 

[indeedido]

The Book Value remains underwater, despite Gibson O'Neill converting £107m of loans to equity in a great act.
The Market Value will be something positive at least now, given the Book Value of the squad is only c£10m.
I can't see anyone being magically drawn to buy as things stand.

However, on promotion there is a club with a completely different revenue stream and comparatively little (to other clubs) remaining debt.
It has a stadium and a good Training facility that are owned.
Given the support base and capability to be a PL club, then I'd imagine the club could attract over £100m net of outstanding debt to owner, so c£150m gross.

 

[Redwurzel]

Our turnover was £28m multiply that by 3 and its about £84m.

Chelsea were sold for about 4.5 times? their sales, but I do think Abramovitch also owned Chelsea Village with maybe £750m of assets.

Newcastle was sold for around £330m and their turnover is about £220m, which is only £1.5 times sales. Although their sales may have been lower in the season they were sold.

£75m was possibly a bit conservative - its difficult because Gibson will put his own value on the financial debt he is owed.

 

[The Card Cheat]

Joel 2:2

A day of darkness and gloom,
A day of clouds and thick darkness.
As the dawn is spread over the mountains,
So there is a great and mighty people;
There has never been anything like it,
Nor will there be again after it
To the years of many generations.

If the Bible books were pop groups Joel would be The Cure somewhere between 17 seconds and Faith.

 

[Borotommo]

I sold my business for 10x average profit for the 3 years preceding sale, plus half the value of the tangible assets.

in the case of MFC that would be about £zilch (at best)

 

[Laughing]

The club is worth the value of the players + the value of the land owned by the club + the training facilities - its debt. So not a lot.

If we were promoted we would still, likely run at a loss as do most of the Premier league.

 

[Bruce]

I can't see anyone being magically drawn to buy as things stand.

It's the Rogers equation. Villa want to buy Rogers now before his price goes up so they are prepared to pay more than he is presently worth on the basis that he will soon be worth significantly more.

An investor wanting maximum return for their money buys us now, while we're still relatively cheap and gets us into the Premier league when we'll be worth a lot more than they paid. That is more of a risk than buying an established Premier league club but literally, greater rewards for greater risks is how this kind of thing works.

Anyway, I reckon a total investment of £75-£100m would be enough to get Gibson to sell up and write off 90% of the remaining debt owed to him. (£60m for the shares, £20m invested in the club, e.g. through new shares and some amount to clear some of Gibson's debt.)

 

[Badonde]

Value of ground? ( inc. recent-ish PL tart up?)
Book value of players is low vs actual
(Rogers £10m, Jones more? VDB?)
Is Rockliffe (training part) shown in MFC figures - could it be transferred?

I reckon an 'off the cuff' £75m valuation seems about right?

But what value do you place on potential?
How strong an asset is it that we have better financial footing than most similarly sized competitors?

Whoever may buy us we would be extremely fortunate to find another Gibson.

Just look at the great unwashed up the road. The Mackems all bought into Pitt the Youngers 'model' but the appointment of Beale seems to have shown his true colours