Good points. But "people" have been saying the PL bubble will burst for a few years now and the TV revenue is already down on previous years. It feels a lot more risky with the money required (to buy a top 6 PL club), than say 5 years ago
Takeover talk
- Thread starter jonathanhotspur
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Good points. But "people" have been saying the PL bubble will burst for a few years now and the TV revenue is already down on previous years. It feels a lot more risky with the money required (to buy a top 6 PL club), than say 5 years ago
sausage
?
- May 17, 2018
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I would say double, our turnover is approx £600m, and you have to offset our Stadium debt against the fact that we own our own modern stadium (which few clubs, City included) do not. We've already paid for most of it, I believe.
If we are sold, I'd expect the price to be nearer £2bn.
I don't expect we'd have ITK about a sale so much, as there are members on here who are shareholders and would know sooner than anyone pretty much.
I thought ENiC had paid for the stadium....??
sausage
?
- May 17, 2018
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Except no one said that. Don't start derailing threads again with straw men.
Wheeler Dealer
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- Jul 29, 2011
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Enic have borrowed £670m to pay for stadium, which has a 20-25 years repayment plan agreed with lenders, so they have physically paid £300m + towards stadium build and this is available to see in 2018-19 accounts. They will want £2bn at least to sell and if you take away debt of £67om, then thats a tidy £1.3bn.
ENIC haven't borrowed anything, the club has, and anything already paid has been generated by the club.
Lilbaz
Just call me Baz
- Apr 1, 2005
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Enic and tavistok guaranteed the loans.
That's a little different though, isn't it.
RichieS
Well-Known Member
- Dec 23, 2004
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Chaps, I don't know whether I have a reputation on here despite my long member......ship, but if I do then it'll be with the likes of @[email protected] as an arch BSoDL. But even I can acknowledge that @Dillspur is broadly factually correct - the club, not ENIC, has paid for the infrastructure so far and is responsible for the remaining debt.
What ENIC have so ably provided is the expertise and drive to get it all done. This is no mean feat if history is anything to go by - Scholar nearly bankrupted the club with his stadium 'improvements' and Sugar tried but failed to get expansions off the ground, for example.
I very much want ENIC to stay as I believe everything they've done has been done in order to allow us to spend like the 'big boys' in a sustainable manner. If they start siphoning money off instead of spending it on further improving the playing side of things (coincidentally, thereby increasing the value of their investment), then I will get the hump very quickly.
They've definitely earnt the chance to have a crack at turning us into one of the biggest clubs in the world imo.
What ENIC have so ably provided is the expertise and drive to get it all done. This is no mean feat if history is anything to go by - Scholar nearly bankrupted the club with his stadium 'improvements' and Sugar tried but failed to get expansions off the ground, for example.
I very much want ENIC to stay as I believe everything they've done has been done in order to allow us to spend like the 'big boys' in a sustainable manner. If they start siphoning money off instead of spending it on further improving the playing side of things (coincidentally, thereby increasing the value of their investment), then I will get the hump very quickly.
They've definitely earnt the chance to have a crack at turning us into one of the biggest clubs in the world imo.
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hellava_tough
Well-Known Member
- Apr 21, 2005
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The domestic tv money is down, but the global tv rights are getting bigger and bigger, and have actually surpassed the domestic figure, for the first time.
But even if the tv money plateaus, there's no suggestion that a financial bubble is going to burst in the ordinary sense of the phrase. It's still a popular sport worth a lot of money.
Black Swan events notwithstanding...
markiespurs
SC Supporter
- Jul 9, 2008
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yeah I’m Not sure there are many people out there who would pay anywhere near what ENIC are likely to want. With FFP, the debt, the potentially reducing TV money, the real estate values having been realised and the significant investment required on the pitch, I am not sure a purchaser would see a significant enough growth opportunity to lay out the cash.
unless this:
Annabel
Well-Known Member
- Feb 2, 2005
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Stays on as emperor/ chairman I’d guess.
VancouverSpur
Well-Known Member
- Aug 26, 2010
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I thought it meant Disney were taking over and we are becoming the Star Wars Stadium.
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