Club for sale etc.

Same age and I’d love it. Sadly just don’t see it happening ‘

 

Football clubs are generally valued by total revenue and applying a multiple ratio on industry which is 1.5 for a football club (Google)
Apparently our turnover was 7.4million in 2022 so the valuation is correct
We have no assets to sell like ground or training facilities so Rupp is not asking for anything out of the ordinary

 

I am sure success will come it was no fault of his it didn’t last season

 

That’s not the question but on the numbers that’s a change of mind I see! . I knew it would dawn eventually.

 

I'd imagine that's a generic formula, that then needs to consider variables around assets and liabilities. We have no real assets to speak of.

 

Bradford city just plodding along in league 2. Mean while countless clubs fly passed us.

At least we're not Bury.

And people are happy just plodding along.

 

I am not happy plodding along. We have to make progress. If the current owner is not in a position to push us forward then it is time to sell. However, no one can push him out the door either if he is content allowing his investment to deteriorate the fans can’t do a thing about it. Unless as a result of the lack of progress they decide to withdraw their ST money.

 

Given everything that has happened since do we know if ML has publicly declared any regret over the sale? Rupp and Rahic were apparently the two who he felt could take the club to the next level....

 

As much as a city fan as he is,I think while he’s in his holiday home in sunny Spain his only thought about Bradford is how glad he is that he’s not here.

 

Our turnover was £7.3m in 2022. It was £5.9m in 2016. Gross profit up from £0.4m to £2.4m and up from a -£0.9m loss to £1.2m.

All it takes is a little bit of research on Google.

 

He was gently advised to do his own fact checking before posting last week, and lesson learned ? NOT.

 

All im saying is the only depreciation really is our league status. That can be rectified and I don't think £10m asking price is a pie in the sky figure some will have you believe.

 

The club is only worth what someone is willing to pay for it
I don't care who owns it as long as they have Bradford city's best interests at heart & are not going to mount us with uncontrollable debt
Yes I have watched city for a long time probably too long we have had owners who have gone cap in hand begging supporters to save our club but none have had the funds to take us & keep us in the championship
Yes Richmond took us to the premier league at what cost
Rhodes and Lawn took us to top of league one and stated they could not fund us to go to championship
We are now back where we have been most of our existence
Who buys it from Rupp is anyone's guess Arab,American or Chinese its do they have the guts to speculate because they will lose money in getting this club up to the championship before they start getting a return
My guess it's going to take a minimum of 7 years to achieve that
Good luck to who ever they maybe

 

Have you factored in any of Rupps loan(s) being paid back? They would obviously drop to the bottom line thus exaggerating “ losses” surely?

 

Who has said they are happy just plodding along? If the right person comes along who will improve the club and not put the club's future at risk then I would be more than happy to see the club be sold, however, if someone like WAGMI or Gianni Paladini wanted to take over the club then I wouldn't want that to happen.

 

To be fair they have done that. It just isn't the next level we all thought it was going to be.

 

This is an honest question. What are "shareholder funds" in the context of these accounts? The cynic in me says it is just a convenient label used by the accountant to pool debt under, but on the other hand it could suggest that some real shareholders have walked out of the door along with their money. Just interested if you know.

 

What do you mean loans don’t add to losses. ( I’m not an accountant so go easy)?

If my business broke even after all trading profit/loss data was assimilated in a 12 month period and I then , before producing the final annual account, paid back say £100,000 of a business loan , then surely that would result in break even minus £100,000 , ie a £100,000 loss on my annual reporting account.

Like I say I’m not an accountant , but that’s how my bank manager, the wife, would see it.