Reply With QuoteCould they be different consortia?
| + Visit Cardiff FC for Latest News, Transfer Gossip, Fixtures and Match Results |
With apologies for starting a new thread on a previous topic , but some media updates today which cast a slightly different light on things from independent sources.
The Echo has an article written by Tom Coleman which contains quotes from Keiran Maguire. Keiran is perhaps the leading football finance expert in the UK and tries to suggest what the value of CCFC might be at present at League 1 level ,including doing some comparisons with other deals, with reference to the reported interest from a consortium fronted by Gareth Bale.
Keiran estimates the club may be valued at between £30m and £35m (based on 2x annual turnover) which represents a very large loss for Vincent Tan should he contemplate a sale at the present time. He mentions the current debt due to Tan as £117m but the actual figure at 31 May 2024 in the audited accounts was £75.7m (I think Keiran has included the debt due to Torman Finance in his figure).
The above figures are why a number of commentators with knowledge of such matters are saying it would be inadvisable for Vincent Tan to sell the club in the near future until its fortunes improve.
For the first time I have seen it being reported there is mention by Keiran of one of the likely consortium members involved in looking to buy the club - the U,S private equity investors the Storch family.
In a separate, but related matter there is an article dated 16th June in Private Equity Insights , a publication specifically dealing with private equity matters, giving The Telegraph as its source. This states that , despite denials by Gareth Bale recently, a US consortium have had preliminary talks to acquire Plymouth Argyle , have signed confidentiality agreements to gain access to documents need to carry out due diligence work but have not so far submitted a formal offer. It is possible,of course, that Gareth wasn`t advised of this other offer when he was asked.
I think that the above just indicates that the true position regarding CCFC and the consortium interested in the club is far from clear.
Could they be different consortia?
Possibly , but unlikely based on previous reports saying it was the same people involved.Originally Posted by llan bluebird
Interesting comments. Depressingly, I think we're stuck with each other for many seasons to come, because there's no way we're going to become a more valuable asset under his 'stewardship'..
Meanwhile Tan will continue to lose money hand over fist. Surely he should cut his losses.
He’s in for a big shock, if he was losing £15 million a season up until now, league 1, no tv money, smaller crowds, woeful away support and a lack of interest in the burtons and stevenages of this world….he will probably lose even more, if that’s at all possible.
If he had any business acumen he would whilst retaining a small but significant % so if we do rise up again he will probably get some decent retu4n. He’s got no chance of ever achieving it on his own.
Exactly, the club’s worth has dropped primarily because of the ineptitude of those at the top - let’s not forget as well `that our defence in the Sala case was based on us making a balls up of filling out the forms. I saw a blog piece this week by someone who nominated us as the worst run team in the EFL - think that’s arguable, but top five would be more than justified I reckon.
God, I feel pessimism taking over, but unless we bounce back straight way we'll settle into league 1 mediocrity. Tan will run the club on a shoestring budget - fair enough, but 'owning an EFL Club' will continue to be a good opener at Malaysian business and social occasions..
Wouldn’t that be a problem if both us & Plymouth qualified for Europe?
You gotta know when to hold them, know when to fold them.
Let your winners ride, cut your losses early.
Don't they have gambling in Malaysia?
This thread has depressed me
he's here to punish, not to profit.
It's just Americans looking to "buy the dip".
Us and Plymouth have dropped their values, they are looking for a bargain stock to make a few quid.
I think Tan will give BBM a chance first and see where we are looking before deciding to sell.
A good start and a chance of promotion it will be Tan at the end of the season, a terrible start and he may just panic and try to cut his loses.
It's going to be an intersting season one way or another.
There are very few clubs who can be bought in order to make a few quid. The Glazers, who dumped their purchase costs into the club, who bought Manchester United is one rare example.
The other approach to making money is if someone very famous buys a club and use their own star power to entice sponsors, other investors and TV companies. Bale isn't famous enough.
FFS, Give it a rest about Bale and buying CCFC.
There More chance of JR Hartley posting something of interest, or Sludge getting his Nat king.
I am pretty sure PMG made a few quid out of us
what happened to Sludge?
They used the club to get hold of the meal ticket which is the retail park next to the ground.I am pretty sure PMG made a few quid out of us
He flounced I think, he prefers talking nonesnse on the Politics board.
Posting Permissions