Rupp & Sparks Out?

Then if fans speculate other fans may challenge those figures as @Dennis has posted above with regards the situation above.

 

When Wrexham were bought from their supporters trust the cost to their current owners was £2m with no real assets and no position in the league.

not sure which other L2 clubs have changed hands recently

 

Does that include the money we lost from having the bandit Rahic in control?

 

He then lent the club £1.5m so all in he is in for about £8m which is probaly why he is asking for around £10m so that after discussions and costs he covers his outlay

 

They had the Racecourse ground though which is now being heavily developed.

Wrexham has seen turnover rise from £2.5m to £20m’ during Ryan Reynolds and Rob McElhenney chairmanship. These are not the same kind of owners we can expect. They aren’t messing about.

 

Well of course it was in his interests to cover Rahic antics, but I would like Rupp to just cover it without the loan element. It was not the clubs fault that he was hooked up to a wrong un.

 

Racecourse lease was a seperate deal done afterwards

 

Rumour has it he wants £10 million to sell! Once again, our club is in the doldrums and with our only source of income Fans and Sponsors. That kind of income is volatile. We badly need a knew leadership team, but no sign of that with that kind of price tag.

 

Spot on. Like your example with Portsmouth and then everyone’s favourite example Wrexham, both new owners managed to get a deal done for the stadium. Why did they want to buy the stadium? because it is the most expensive asset the club will have. It’s really not difficult to understand. We are devalued because we own nothing. We are a football club in name only. We are a coat of arms without the castle. The fact we get 17,000 in league 2 doesn’t mean we should have some multi-millionaire looking to invest. Thats not how a business minded person will look at our club.

 

Large fanbase nonsense? We literally have one of the highest gates outside of the Championship, home and away. Single city club, 7th biggest City in the country.

Its not fact at all. The lack of assets is simply something to be reflected in the asking price. Various clubs don't own their stadium but still attract investment. What value is the asset, unless you're planning to sell it? There's a plethora of lower and non-league clubs who attract investment/new ownership despite having non-league standard grounds.

Potential owners are put off because the asking price is ridiculous. Paying £6m, relegating the club and reducing the value and quality of the squad, eroding our reputation by cycling through managers and expecting £10m is ridiculous. Its nothing to do with ownership of the ground.

 

Completely wrong. First of all, investors don't really look to buy into football expecting to make money. There are much better ways to speculate for a return. The value of a ground is simply that its an asset (and also a liability to maintain). Its something with a value on a balance sheet that needs to be reflected in a sale, nothing more. Unless you have a ground that's in urgent need of a replacement of refurb, which ours isn't. We have a Championship sized and quality stadium, uniquely available for a reasonable rent. Adequately reflected in a sale price its a non issue. In fact, its an opportunity - we have plenty of leverage to buy back (for someone who has funds) and there's an obvious business case in rent saved.

The only way a football stadium makes money, is through the fans. Revenue generation is what an investor is interested in.

 

So show me your breakdown of the what you think the club is worth?

 

I've no idea. Not £10m but that's not the point. My point is, as long as the value reflects the assets under ownership, not owning the ground isn't an issue.

As above, Wrexham didn't own their ground. And not only that, it was a sh*t hole, with a condemned stand. Didn't stop the A-Listers buying in. They're not a reasonable comparison, as they're an outlier in football terms, but you've said yourself that turnover has rocketed. Why? Largely because of their Hollywood status but this gist is still - revenue has increased because of paying customers. Not because of a stadium or assets owned.

Bottom line, we're attractive at a reasonable price.

 

Suggesting one way or another the rent of the ground maintenance and all other associated costs is going to kill us.

 

Out of interest @Dennis, because I have never heard this mentioned on here before, could you guess how much Lawn and Rhodes trousered from the sale. Not knocking them, just interested

 

Calm down.