TheFinnFan
Finners
It might mean something like..
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The Esk
Player Valuation: £70m
So why is the equity of the club currently valued at £49 million?
Zatara
Player Valuation: £100m
That's what i'm alluding to, there must be another format to calculate the value of football clubs.
Deals ive been involved with have been initially calculated to value a company at 3-5 × revenue. Thats of course before electing to move forward to DD stage.
Deals ive been involved with have been initially calculated to value a company at 3-5 × revenue. Thats of course before electing to move forward to DD stage.
Chang Elephant
Forum God
So if the company has £2M annual revenue and £50,000 annual net profit you'd be looking to pay £7M for that company ?
The Esk
Player Valuation: £70m
Firstly I've always thought valuing businesses on revenue is a pretty daft way of valuing, although I accept others are happy to do so. For me you value a business on the asset value of the business plus a multiple of earnings - the multiple increases or decreases based on consistency, growth and/or any other special factors attributable to those earnings (new product launches, new markets etc) less debt and a factor of any immediate capex requirements.
Anyway let's look at your basis - multiples of revenue.
Football clubs cannot be valued on the same basis as say, widget manufacturers, because the security of revenue in all but perhaps half a dozen Premiership clubs cannot be guaranteed beyond 1 season.
So if we look at Everton's last accounts income can be broken down into 3 main areas:
Broadcasting revenues £83m
Gate receipts £19.3m
Sponsorship/merchandising £8.4m
Of the above the only possible income source that you could apply more than 1x to is the gate receipts - let's be generous and say 1.5x.
That gives you a total then of roughly £120 million.
Deduct the debt £28 million
Valuation of £92m
Current market value £49 million. Discount probably reflects the market's belief that the club is not likely to be sold any time soon, and in the absence of a purchaser there is still the future capex requirement for either building or redeveloping of the stadium.
FOR SALE:
1987 Ford Sierra RS500 Cosworth - £10,320,000.00
C'moooon lad, it's a Cozzie FFS! Got the original badges and everything, la.
1987 Ford Sierra RS500 Cosworth - £10,320,000.00
C'moooon lad, it's a Cozzie FFS! Got the original badges and everything, la.
Matty_j1878
Yer ma's favorite ITK. Mmmmmm Juicy.
Pointless fume on twitter over something we already knew, i don't like kenwrong myself but why cry over something that's always been known?
That Ambani is also worth 10% now from what he was worth then, as for the Qatar investment office that was Sheikh Mansour and we all know what happened there
10% less?
Net worth US$12.5 billion (2015)
The poor fella must be wondering where his nearest food bank is.
Matty_j1878
Yer ma's favorite ITK. Mmmmmm Juicy.
Was Worth UK £48.5 Billion
Within 7/8 years dropped to under £4.8 Billion, think seriously about how that would have effected the club, can't have been a good business man losing that amount in such a short space of time. Listen i'm not saying we shouldn't sell because i'd be the first to say Billyblagger should pack his bags and leave.
Surely you have some sort of proof to back up this very outlandish claim?
Matty_j1878
Yer ma's favorite ITK. Mmmmmm Juicy.
http://www.forbes.com/profile/anil-ambani/
Understand Forbes isn't the most reliable however the numbers won't be far off
I meant the claim that Bill would ever sell.
Matty_j1878
Yer ma's favorite ITK. Mmmmmm Juicy.
Where did i say Bill would sell? My point being don't cry over milk that was spilt 6/7 years ago when we all knew what he was like then.
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