How much is Norwich now worth and is it time to sell up

[Miss Bum Bum 0]

We are a premier league club debt free, decent squad already, we own our ground and training facilities and we have good retail capability. Strong Brand etc.

We must be worth a bob or 2 as a club. With Smith and Jones not getting any younger the need to think about succession planning is now an appropriate time to debate.

Let them cash in on their significant investment in both time, effort and money and let someone younger and wealthier to take us to the next level. I fear we will only yo yo between the leagues unless we strive for something bigger and better.

Clearly careful selection of a new owner would be key as some of the especially foreign owners have been a disaster but correct due diligence would sort that out.

 

[lappinitup 629]

Who''ve you got in mind Waveney?

[Tetteys Jig 851]

The time has passed for the moment. We don''t need extra money really, it won''t do a lot as it won''t improve the types of player we can attract. Give it a year or two of survival and we''d be ripe for the takeover with ambitions like Southampton.

Prospective owners would look to buy big but struggling championship clubs with the hope of making bank once they get promoted. That we''ve managed to do that twice without the need for a rich owner is testament to the way the club is run.

[SwindonCanary 457]

Hold on a minute,  I may win that £70 million Euro lottery tonight !

[Bradwell canary 112]

[quote user="Canary Dogg"]

We are a premier league club debt free, decent squad already, we own our ground and training facilities and we have good retail capability. Strong Brand etc.

We must be worth a bob or 2 as a club. With Smith and Jones not getting any younger the need to think about succession planning is now an appropriate time to debate.

Let them cash in on their significant investment in both time, effort and money and let someone younger and wealthier to take us to the next level. I fear we will only yo yo between the leagues unless we strive for something bigger and better.

Clearly careful selection of a new owner would be key as some of the especially foreign owners have been a disaster but correct due diligence would sort that out.

 

[/quote]

Be careful what you wish for. Who would want owners like, Watford , Leeds, Blackburn, do you think due diligence took place at those clubs? It never does all the present owner want is the best price possible.

Mind you I have faith in Delia and Micheal that they are not of that ilk!

[BroadstairsR 2,273]

Of course S & W-J will have to "retire" from active participation  eventually, but I feel that they will be selective about who they sell their majority shares to.

 

There are a lot of car crash types out there just longing to own an English Premier League club though.

 

Ideally we could do with a wealthy, rich list entrenched, localish  businessman. Do any exist nowadays? I can only think of Marcus Evans ...... Well ...... no thank YOU. Not a "bootiful" thing to contemplate

 

We are in the best of both possible Worlds at the moment. The club is thriving and they (S & W-J) can take their time with their decisions.

 

 It''s a bit worrying thinking about a new era after such a long period of (relative) stability as it amounts to a leap in the dark in reality.

 

 

[PurpleCanary 6,371]

[quote user="SwindonCanary"]Hold on a minute,  I may win that £70 million Euro lottery tonight ![/quote]Perfect. That would leave £8.3m to squander on yourself. Mind you, that would have to include the cost of the plastic surgery and the new identity in Paraguay you would need  to escape the wrath of all your relatives and friends expecting a sizeable share of your winnings...

[Feedthewolf 5,885]

[quote user="Tetteys Jig"]The time has passed for the moment. We don''t need extra money really, it won''t do a lot as it won''t improve the types of player we can attract. Give it a year or two of survival and we''d be ripe for the takeover with ambitions like Southampton.

Prospective owners would look to buy big but struggling championship clubs with the hope of making bank once they get promoted. That we''ve managed to do that twice without the need for a rich owner is testament to the way the club is run.[/quote]Agree with this. We''re quite close to our ''glass ceiling'' already, and given that we''re debt free with a large tranche of TV money heading our way, it would make now sense to sell now. Neither would it make sense for a wealthy owner to buy us now – irrespective of how much cash they pump in, there''s no guarantee even of survival, let alone ascension to the exalted heights of European football (see QPR). Southampton have got to where they are with minimal or even negative net spend, ditto Swansea (this is a presumption on my part, but surely the combination of TV money and transfer fees must balance the books).In summary, I''d much rather we went for a conservative approach and invest in the academy and young, hungry players than find ourselves a sugar daddy and wind up with a succession of next-generation Finidi Georges.

[Feedthewolf 5,885]

[quote user="Feedthewolf"][quote user="Tetteys Jig"]The time has passed for the moment. We don''t need extra money really, it won''t do a lot as it won''t improve the types of player we can attract. Give it a year or two of survival and we''d be ripe for the takeover with ambitions like Southampton.

Prospective owners would look to buy big but struggling championship clubs with the hope of making bank once they get promoted. That we''ve managed to do that twice without the need for a rich owner is testament to the way the club is run.[/quote]Agree with this. We''re quite close to our ''glass ceiling'' already, and given that we''re debt free with a large tranche of TV money heading our way, it would make NO* sense to sell now. Neither would it make sense for a wealthy owner to buy us now – irrespective of how much cash they pump in, there''s no guarantee even of survival, let alone ascension to the exalted heights of European football (see QPR). Southampton have got to where they are with minimal or even negative net spend, ditto Swansea (this is a presumption on my part, but surely the combination of TV money and transfer fees must balance the books).In summary, I''d much rather we went for a conservative approach and invest in the academy and young, hungry players than find ourselves a sugar daddy and wind up with a succession of next-generation Finidi Georges.[/quote]Edit button FFS

[Syteanric 1]

doesn''t the constitution of the club for share holders state that directors must retire from football club business at 75?

Delia is 73 now.. the question regarding ownership might be answered sooner than we think.

[lappinitup 629]

[quote user="jas the barclay king"]doesn''t the constitution of the club for share holders state that directors must retire from football club business at 75?

Delia is 73 now.. the question regarding ownership might be answered sooner than we think.[/quote]It used to be seventy jas but that ruling was quashed a few years back.

[Tumbleweed 106]

We got relegated last time because we appointed a duff manager not because we didn''t have the funding for players.

We have been promoted because of a manager and coaching staff who have taken what already existed and turned it into a very effective unit.

I think we all recognise that some strengthening is needed, but we now have more than enough budget to do that without any wealthy benefactor coming in. It is, IMHO, far more important to have the right backup infrastructure in place to allow the team to perform than a collection of highly paid fancy dans.

So when S&J do need to pass on their shares, I don''t feel that they need to sell to someone with big dosh, just the sort of stable, common sense person who genuinely has the interest of the club at his or her heart.

[Syteanric 1]

Surely they wont hold out until their 80s?

[lake district canary 4,816]

If  Blatter can rule world football at 79,  Delia is a mere spring chicken.

[PurpleCanary 6,371]

[quote user="lake district canary"]If  Blatter can rule world football at 79,  Delia is a mere spring chicken.

[/quote]More to the point, I am sure Sepp has got a fair bit (quite legally) stashed away and is about to have plenty of time on his hands. And there is no-one with better contacts in world football. Or more likely to sail through the fit and proper person test. He would be the perfect choice to take over from Smith and Jones.

[Tetteys Jig 851]

I guess Mike Ashley must think this at Newcastle every season. They can either do what they have been and merely stay up or they try push to the next level. Problem with the next level is that it costs about £100m to get to Liverpool/ Spurs standard and £200m to get to top 4 standard.

Not much point spending £50m and finishing 7th compared to £10m and finishing 17th.

Not that these figures are entirely accurate, but you get the picture. It would take one hell of a season/ an insane amount of luck for anyone below that top 6 to get into the lucrative places of the champions league. Even worse, if we did so, our players and manager would likely be poached off us anyway.

Arsenal have had that same thing but trying to move from 4th to a realistic title challenge in recent years. Sadly the answer for them is to spend more money and beat Chelsea, Man U and City in bids for the worlds best players.

[Felixfan 53]

I thought we had the best agents scouring the world for a potential buyer and none was found. Asset rich and cash poor does not work, and now we have cash as well. Prospective buyers would rather buy a failing club for a song in the hope of making money.

[Indy 3,471]

I was there when Delia clearly said "if another mug came along with investment into the club, she would sell the club for a £1"

So if any of you think it''s her time to go, call her bluff offer a £1 and invest your money.

I still love that people on here want them out after the support they have given to this club....,that said some yellow n green tinted spec wearers spout that 11 million investment by Delia when in reality it''s closer to 7 million.

[morty 0]

[quote user="Indy"]I was there when Delia clearly said "if another mug came along with investment into the club, she would sell the club for a £1"

So if any of you think it''s her time to go, call her bluff offer a £1 and invest your money.

I still love that people on here want them out after the support they have given to this club....,that said some yellow n green tinted spec wearers spout that 11 million investment by Delia when in reality it''s closer to 7 million.[/quote]She used those actual words?

[JF 694]

It does raise the question of who is going to take the club over when they call time on it though. None of the other board members are anywhere near wealthy enough to buy out their stake and I don''t think peter cullums finances are what they were so we may well end up with foreign owners weather we want that or not.

[Indy 3,471]

My memory isn''t that good that I can remember it that clearly, I''m sure some on this board will twist it others will find the exact words but from what I can remember after the grilling from the fans it was.....If you can find another mug like to invest into the club I would sell the club for £1. Morty, what do you remember?

[nutty nigel 7,902]

I''d rather leave them to decide what happens in the future rather than trust in chancers like Cullum or those who have continually bayed foran alternative and continuallyy been proved wrong...

[Indy 3,471]

As you know Nutty Cullum never wanted to run the club more invest but with utterly stupid conditions, it would never have been good for our club long term.

[nutty nigel 7,902]

Cullum was achancer and we''d be in a similar position to the binners if he''d had his way. Despite all the support from the "know best" brigade on here!

 

This is what Delia said. I know it because she said it to me....

 

NCFC Media Team:  Another one from the emails we received during the week: Hello Delia,   I''m sure most fans are as pleased as I am that we have won promotion back to the Championship at the first attempt but many fans are still unhappy about last seasons relegation and blame you for all the ills of the club. They write on message boards that the club is a shambles through successive poor managerial appointments and your prudence before ambition policy. They claim you refuse to price the club reasonably and won''t let any investors in if it means losing your majority share. How do you feel when you read these things and what drives you on to carry on spending more and more of your own money knowing some fans feel this way?   Here''s to being Champions on Saturday. Best wishes Eddie. Thursday April 22, 2010 1:21 NCFC Media Team

 

1:24

Delia Smith:  Hi Eddie, thank you, I think this is a really good question and one I want to answer. Just for the record, prudence with ambition was never a policy of mine or Michael''s otherwise we''d be about £12million better off! We have never priced the Club and prior to the Deloitte search we have only had one offer of cash which was for £1! Losing our majority shareholding is not, I repeat not, a problem, if it helps the Football Club. How do I feel and what drives me to carry on? What I assume we both share, and that is a deep love of our football club.

I asked that question on behalf of a load of posters on here who only wanted to gripe. In fact they were a bunch of gripes!

 

[morty 0]

You could well be right Indy, it was just on first read it seemed an odd choice of phrase.

[lappinitup 629]

[quote user="Indy"]some yellow n green tinted spec wearers spout that 11 million investment by Delia when in reality it''s closer to 7 million.[/quote]Seems your £7m Guestimate was way off beam Indy. [:D]

[lappinitup 629]

[quote user="Indy"]As you know Nutty Cullum never wanted to run the club more invest but with utterly stupid conditions, it would never have been good for our club long term.[/quote]If he didn''t want to run the club why did he want control? His words......."I''m not prepared to put that sort of money into the club without having control."Wrong again Indy......

[Mello Yello 2,571]

https://www.youtube.com/watch?feature=player_detailpage&v=u4MjxRKhYCk

[Indy 3,471]

Funny how you can find that nutty it her moments post meeting when she came out with the sell for £1 to another mug no one can find yet I heard it on the radio on the way home from that meeting!

Second Lapps I''m not wrong, Cullum wanted a control on his investment not the club and its say to say running but twist how you like.

Last before i go as I''m at a BBQ the turner fiasco here is how delis set it out to the fans!

“We truly need some foreign investor to go belly up and everybody will go back to normal.”

Husband Michael Wynn Jones is joint majority shareholder - and shares his wife''s opinion.

“What possible interest have they got in Norwich City Football Club?” he asked.

The fact that the Turners are lifelong City fans holds plenty of sway with Norwich City''s first couple.

“In Andrew and Sharon we have two of Norfolk''s most dynamic and forward-thinking business people who are also fans and who are very ambitious for the football club and passionately want it to develop and succeed,” said Delia.

“After the AGM many people have asked if we were actively seeking positive new investment into the club and today provides an answer to that question.

“The board now has the benefit of two fresh voices with bags of enthusiasm, business experience and loads of ideas and passion to help us move forward and I think it''s a very exciting time for all of us who care about this great club.”

Now how did that turn out?

I''m not anti Delia but they aren''t the great owners painted by the core on elite posted on here!

[morty 0]

Well I think they are pretty great.