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Post by bobness on Dec 30, 2021 12:15:47 GMT
It's a dark art, friends. Multiples of profits, turnover, asset values, risk adjusted etc etc etc. A sports club is asset poor (no stadium, no training facilities etc) but the underlying business is what would make the value. Ultimately, it's a lot like a house. You can value it at whatever you like, but it's worth what someone will pay, if you're selling.
Aladdin Management's latest accounts for June 21, show £736k of loans being take out in the year, both bank (£250k) and "other". They'll need to be paid back then... They've also added £250k to the intangible asset (i.e. the value of the franchise). The setup is complicated.
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iginla
Chick Zamick
Posts: 13,437
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Post by iginla on Dec 30, 2021 12:26:45 GMT
It's a dark art, friends. Multiples of profits, turnover, asset values, risk adjusted etc etc etc. A sports club is asset poor (no stadium, no training facilities etc) but the underlying business is what would make the value. Ultimately, it's a lot like a house. You can value it at whatever you like, but it's worth what someone will pay, if you're selling. Aladdin Management's latest accounts for June 21, show £736k of loans being take out in the year, both bank (£250k) and "other". They'll need to be paid back then... They've also added £250k to the intangible asset (i.e. the value of the franchise). The setup is complicated. Yes that’s Alladin Management,but that involves more than just Panthers. Tony Smith stated not long ago that it costs around £1million a year to run an arena team, coincidentally a figure I have have always estimated as my guess too. Now when it would seem that Steelers and Panthers must be grossing somewhere around the £3million mark it’s hard to see how they are not turning a very large profit.
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