how much would norwich be worth..??

[singing canary 0]

delia wants 56 million for the club at present.

how much would the club be worth , if we got relegated..??

[Beauseant 0]

[quote user="singing canary"]

delia wants 56 million for the club at present.

how much would the club be worth , if we got relegated..??

[/quote]

 

No,she doesn''t. Check her interviews.

[ricardo 8,109]

[quote user="singing canary"]

delia wants 56 million for the club at present.

how much would the club be worth , if we got relegated..??

[/quote]

Less than a tripe supper.

[Block E Buh 0]

The land is worth £30 million alone. All the buildings, car parks and Carrow Road itself aswell as Colney. Do people really think Delia would sell it all for £20million?? Some people have no idea when it comes to business which is fair enough but just remember what owning Norwich City is worth. Im not a big Delia fan but I don''t blame her for wanting a decent return, not to mention the £12 million loan she has put in.

[WeAreYellows49 0]

2 shillings and sixpence [:|]

[Pongtorn 0]

[quote user="Matt"]The land is worth £30 million alone. All the buildings, car parks and Carrow Road itself aswell as Colney. Do people really think Delia would sell it all for £20million?? Some people have no idea when it comes to business which is fair enough but just remember what owning Norwich City is worth. Im not a big Delia fan but I don''t blame her for wanting a decent return, not to mention the £12 million loan she has put in.[/quote] Don''t forget the debt.  £20m net after debt is not far from fair value IMO.  

[Block E Buh 0]

[quote user="Pongtorn "][quote user="Matt"]The land is worth £30 million alone. All the buildings, car parks and Carrow Road itself aswell as Colney. Do people really think Delia would sell it all for £20million?? Some people have no idea when it comes to business which is fair enough but just remember what owning Norwich City is worth. Im not a big Delia fan but I don''t blame her for wanting a decent return, not to mention the £12 million loan she has put in.[/quote] Don''t forget the debt.  £20m net after debt is not far from fair value IMO.  
[/quote]

Good point, that debt also needs covering and a transfer kitty would be required too!

[singing canary 0]

sorry ... how much does she want for the clubb then ..??

[WeAreYellows49 0]

[quote user="singing canary"]sorry ... how much does she want for the clubb then ..??[/quote]

 

lol too much and even less if we get relegated.

[Block E Buh 0]

Between £40 and £45 million depending on deals with the restuarants and loans.

[WeAreYellows49 0]

[quote user="Matt"]Between £40 and £45 million depending on deals with the restuarants and loans.[/quote]

How about if we are relegated?

Would the value decrease much?

[singing canary 0]

cheers matt.. and a guess if we got relegated..

[Time to go Delia 0]

So Delia gets to wreck the football club and walk away with millions , she should sell to Cullum for whatever he is offering , instead she will sit by and watch us relegated .Some supporter.

[jetstream 0]

...and Cullum has squillions of £s but won''t pay the asking price.

Some supporter!

[Block E Buh 0]

[quote user="WeAreYellows49"]

[quote user="Matt"]Between £40 and £45 million depending on deals with the restuarants and loans.[/quote]

How about if we are relegated?

Would the value decrease much?

[/quote]

Its a valid point. In theory yes it would and if land prices decrease more by May next year then it would be significantly cheaper but the current board still consider us too good to go down and will continue to value us as a Championship club.

[singing canary 0]

surely share prices would fall in a big way as well , and if she has to keep putting money in by the million , 12 allready it is a endless pit.

 

[Desert Fox 0]

[quote user="Matt"]The land is worth £30 million alone. All the buildings, car parks and Carrow Road itself aswell as Colney. Do people really think Delia would sell it all for £20million?? Some people have no idea when it comes to business which is fair enough but just remember what owning Norwich City is worth. Im not a big Delia fan but I don''t blame her for wanting a decent return, not to mention the £12 million loan she has put in.[/quote]

Matt,

I would be curious to know how you have come to your valuation. You are dreaming if you think the land is worth £30M. Apart from the fact that the property sector has bombed, what do you think would be the value of land with a covenant on it? Is it useable for anything else than sport and therefore does it have any realistic open market value?

Also, if the ground was sold for its land value, then the value of the buildings you have quouted would most probably become negative. In other words, any developer would need to remove the existing buildings to realise any development potential. The valuation of a football club''s assests would be remakrbaly different if they were not a going concern (i.e. football continued). Having a football ground is not much use to nay business that is not involved in commercial sport.

Finally this kind of speculation is pointless. The land and fixed assets are valued in the accounts and these have been signed off by the club''s auditors. This feeds into the net asset vlauation of £16M (if I have recalled this correctly). In other words, the value of all the net assets of the club (land, buildings, players and net current assets less debts) is worth just over half of what you think the land excluding buildings and players is worth. This is not my opinion, but the opinion of the club''s auditors.

[Desert Fox 0]

[quote user="singing canary"]

surely share prices would fall in a big way as well , and if she has to keep putting money in by the million , 12 allready it is a endless pit.

[/quote]

Singing Canary,

What the value of Delia''s shares are and what she has put into the club are compeletly separate. If the club''s net assests are worth £16m the value of her shares is going to be somewhere around the £12M mark, assuming that the shares could actuly be sold at book value. I am very sceptical than anyone would buy a majority shareholding at £30 a share.

What she has put into the club in terms of fresh capital is significantly less than £12M. This is becuase most of the £12M has accrued from the revlaution of shares that she purchased from Geoffrey Watling. This is essentially a subsequent profit that she has made on a transaction between to private individuals. Not a penny of the cost of these shares went to the club.

Delia has actually (and this is on record in the accounts) made a number of directors loans (which I recall were interest free), which would count as new money into the club. These have subsequently been converted into shares at £25 per share if I recall. Whilst it would be churlish not to recognise that this has involved some sacrifice on her part, it should also be recognised that she is seeking to make a profit on this investment at £30 a share. This should be confused with the giving of the likes of Geoffrey Watling who pumped a £1M gift from his estate. Also, I would contest that the reason she had to make this investment was to bail out the Board''s failed startegy of investing in non-footbaling assets.

[Block E Buh 0]

[quote user="Desert Fox"]

[quote user="Matt"]The land is worth £30 million alone. All the buildings, car parks and Carrow Road itself aswell as Colney. Do people really think Delia would sell it all for £20million?? Some people have no idea when it comes to business which is fair enough but just remember what owning Norwich City is worth. Im not a big Delia fan but I don''t blame her for wanting a decent return, not to mention the £12 million loan she has put in.[/quote]

Matt,

I would be curious to know how you have come to your valuation. You are dreaming if you think the land is worth £30M. Apart from the fact that the property sector has bombed, what do you think would be the value of land with a covenant on it? Is it useable for anything else than sport and therefore does it have any realistic open market value?

Also, if the ground was sold for its land value, then the value of the buildings you have quouted would most probably become negative. In other words, any developer would need to remove the existing buildings to realise any development potential. The valuation of a football club''s assests would be remakrbaly different if they were not a going concern (i.e. football continued). Having a football ground is not much use to nay business that is not involved in commercial sport.

Finally this kind of speculation is pointless. The land and fixed assets are valued in the accounts and these have been signed off by the club''s auditors. This feeds into the net asset vlauation of £16M (if I have recalled this correctly). In other words, the value of all the net assets of the club (land, buildings, players and net current assets less debts) is worth just over half of what you think the land excluding buildings and players is worth. This is not my opinion, but the opinion of the club''s auditors.

[/quote]

It''s not my valuation, it''s the valuation of the board when questioned recently in a private interview. Though what you say has real validity and I don''t disagree with you.

[lucky green trainers 0]

with no buyers in the market - and in the current economic conditions, its doubtful than many clubs could attract a sale on a fair market value basis at the moment,,,in the real economy most assets are undervalued presently, meaning you only sell if you really have to, if you want a reasonable price...as a loss making club, NCFC is likely to be worthless at present, especially cos anticipated income is likely to fall horribly in the recession...compounding the losses and debt further...sure, the board could hang on until next year when the banking system should be better stabilised, but to avoid mounting losses, in the short-term, i can only see the club selling players in the jan window... 

[Mr.Carrow 394]

[quote user="Matt"][quote user="Desert Fox"]

[quote user="Matt"]The land is worth £30 million alone. All the buildings, car parks and Carrow Road itself aswell as Colney. Do people really think Delia would sell it all for £20million?? Some people have no idea when it comes to business which is fair enough but just remember what owning Norwich City is worth. Im not a big Delia fan but I don''t blame her for wanting a decent return, not to mention the £12 million loan she has put in.[/quote]

Matt,

I would be curious to know how you have come to your valuation. You are dreaming if you think the land is worth £30M. Apart from the fact that the property sector has bombed, what do you think would be the value of land with a covenant on it? Is it useable for anything else than sport and therefore does it have any realistic open market value?

Also, if the ground was sold for its land value, then the value of the buildings you have quouted would most probably become negative. In other words, any developer would need to remove the existing buildings to realise any development potential. The valuation of a football club''s assests would be remakrbaly different if they were not a going concern (i.e. football continued). Having a football ground is not much use to nay business that is not involved in commercial sport.

Finally this kind of speculation is pointless. The land and fixed assets are valued in the accounts and these have been signed off by the club''s auditors. This feeds into the net asset vlauation of £16M (if I have recalled this correctly). In other words, the value of all the net assets of the club (land, buildings, players and net current assets less debts) is worth just over half of what you think the land excluding buildings and players is worth. This is not my opinion, but the opinion of the club''s auditors.

[/quote]

It''s not my valuation, it''s the valuation of the board when questioned recently in a private interview. Though what you say has real validity and I don''t disagree with you.

[/quote]

Good posts Desert Fox.  The way these myths perpetuate themselves is just amazing.  There is NO WAY Delia could have put in £12m because that is the value of the shares NOW and Delia bought a large chunk of those at a knock-down price from Watling and the rest were loans converted at £25 per share compared to the current £30 per share valuation.

Interesting stuff Matt, any chance you can give us a bit more detail on what the interview was about, if you were present etc.?

[singing canary 0]

then i guess 400 million for newcastle is a stich up..

[Desert Fox 0]

Singing Canary,

Has Newcastle been sold yet? Doesn''t look likley with Kinnear being appointed to the end of the season. Either way there is no way that they will go for £400M in the current market.

[lucky green trainers 0]

[quote user="singing canary"]then i guess 400 million for newcastle is a stich up..[/quote]yeah, thats why no body wants it - 400m was pre banking crisis in sept - when 7 buyers were rumoured to be fighting over it, now???now - name your price £40-60m cash might be enough///

[singing canary 0]

i dont think newcastle have even come close to being sold to be honest.

[Block E Buh 0]

[quote user="Mr.Carrow"][quote user="Matt"][quote user="Desert Fox"]

[quote user="Matt"]The land is worth £30 million alone. All the buildings, car parks and Carrow Road itself aswell as Colney. Do people really think Delia would sell it all for £20million?? Some people have no idea when it comes to business which is fair enough but just remember what owning Norwich City is worth. Im not a big Delia fan but I don''t blame her for wanting a decent return, not to mention the £12 million loan she has put in.[/quote]

Matt,

I would be curious to know how you have come to your valuation. You are dreaming if you think the land is worth £30M. Apart from the fact that the property sector has bombed, what do you think would be the value of land with a covenant on it? Is it useable for anything else than sport and therefore does it have any realistic open market value?

Also, if the ground was sold for its land value, then the value of the buildings you have quouted would most probably become negative. In other words, any developer would need to remove the existing buildings to realise any development potential. The valuation of a football club''s assests would be remakrbaly different if they were not a going concern (i.e. football continued). Having a football ground is not much use to nay business that is not involved in commercial sport.

Finally this kind of speculation is pointless. The land and fixed assets are valued in the accounts and these have been signed off by the club''s auditors. This feeds into the net asset vlauation of £16M (if I have recalled this correctly). In other words, the value of all the net assets of the club (land, buildings, players and net current assets less debts) is worth just over half of what you think the land excluding buildings and players is worth. This is not my opinion, but the opinion of the club''s auditors.

[/quote]

It''s not my valuation, it''s the valuation of the board when questioned recently in a private interview. Though what you say has real validity and I don''t disagree with you.

[/quote]

Good posts Desert Fox.  The way these myths perpetuate themselves is just amazing.  There is NO WAY Delia could have put in £12m because that is the value of the shares NOW and Delia bought a large chunk of those at a knock-down price from Watling and the rest were loans converted at £25 per share compared to the current £30 per share valuation.

Interesting stuff Matt, any chance you can give us a bit more detail on what the interview was about, if you were present etc.?

[/quote]

It''s for a project that im under-taking, I can''t say much more at this stage because I don''t want to jepordise future interviews.

 

[nutty nigel 7,963]

[quote user="Mr.Carrow"][quote user="Matt"][quote user="Desert Fox"]

[quote user="Matt"]The land is worth £30 million alone. All the buildings, car parks and Carrow Road itself aswell as Colney. Do people really think Delia would sell it all for £20million?? Some people have no idea when it comes to business which is fair enough but just remember what owning Norwich City is worth. Im not a big Delia fan but I don''t blame her for wanting a decent return, not to mention the £12 million loan she has put in.[/quote]

Matt,

I would be curious to know how you have come to your valuation. You are dreaming if you think the land is worth £30M. Apart from the fact that the property sector has bombed, what do you think would be the value of land with a covenant on it? Is it useable for anything else than sport and therefore does it have any realistic open market value?

Also, if the ground was sold for its land value, then the value of the buildings you have quouted would most probably become negative. In other words, any developer would need to remove the existing buildings to realise any development potential. The valuation of a football club''s assests would be remakrbaly different if they were not a going concern (i.e. football continued). Having a football ground is not much use to nay business that is not involved in commercial sport.

Finally this kind of speculation is pointless. The land and fixed assets are valued in the accounts and these have been signed off by the club''s auditors. This feeds into the net asset vlauation of £16M (if I have recalled this correctly). In other words, the value of all the net assets of the club (land, buildings, players and net current assets less debts) is worth just over half of what you think the land excluding buildings and players is worth. This is not my opinion, but the opinion of the club''s auditors.

[/quote]

It''s not my valuation, it''s the valuation of the board when questioned recently in a private interview. Though what you say has real validity and I don''t disagree with you.

[/quote]

Good posts Desert Fox.  The way these myths perpetuate themselves is just amazing.  There is NO WAY Delia could have put in £12m because that is the value of the shares NOW and Delia bought a large chunk of those at a knock-down price from Watling and the rest were loans converted at £25 per share compared to the current £30 per share valuation.

Interesting stuff Matt, any chance you can give us a bit more detail on what the interview was about, if you were present etc.?

[/quote]

Again I ask what evidence do you have that delia wants £30 per share. Desert Fox correctly states that the independent auditors value the club at 16m which would make Delias shares worth 12m. But that doesn''t mean she has asked for 12m does it? How that myth perpetuates itself is amazing too. If we believe that Delia paid Watling .7m for his 42% shareholding does anyone seriously believe that the club was valued at just 1.67m by the independent auditors in 1997?

 

[The Fish Seller 0]

[quote user="nutty nigel"][quote user="Mr.Carrow"][quote user="Matt"][quote user="Desert Fox"]

[quote user="Matt"]The land is worth £30 million alone. All the buildings, car parks and Carrow Road itself aswell as Colney. Do people really think Delia would sell it all for £20million?? Some people have no idea when it comes to business which is fair enough but just remember what owning Norwich City is worth. Im not a big Delia fan but I don''t blame her for wanting a decent return, not to mention the £12 million loan she has put in.[/quote]

Matt,

I would be curious to know how you have come to your valuation. You are dreaming if you think the land is worth £30M. Apart from the fact that the property sector has bombed, what do you think would be the value of land with a covenant on it? Is it useable for anything else than sport and therefore does it have any realistic open market value?

Also, if the ground was sold for its land value, then the value of the buildings you have quouted would most probably become negative. In other words, any developer would need to remove the existing buildings to realise any development potential. The valuation of a football club''s assests would be remakrbaly different if they were not a going concern (i.e. football continued). Having a football ground is not much use to nay business that is not involved in commercial sport.

Finally this kind of speculation is pointless. The land and fixed assets are valued in the accounts and these have been signed off by the club''s auditors. This feeds into the net asset vlauation of £16M (if I have recalled this correctly). In other words, the value of all the net assets of the club (land, buildings, players and net current assets less debts) is worth just over half of what you think the land excluding buildings and players is worth. This is not my opinion, but the opinion of the club''s auditors.

[/quote]

It''s not my valuation, it''s the valuation of the board when questioned recently in a private interview. Though what you say has real validity and I don''t disagree with you.

[/quote]

Good posts Desert Fox.  The way these myths perpetuate themselves is just amazing.  There is NO WAY Delia could have put in £12m because that is the value of the shares NOW and Delia bought a large chunk of those at a knock-down price from Watling and the rest were loans converted at £25 per share compared to the current £30 per share valuation.

Interesting stuff Matt, any chance you can give us a bit more detail on what the interview was about, if you were present etc.?

[/quote]

Again I ask what evidence do you have that delia wants £30 per share. Desert Fox correctly states that the independent auditors value the club at 16m which would make Delias shares worth 12m. But that doesn''t mean she has asked for 12m does it? How that myth perpetuates itself is amazing too. If we believe that Delia paid Watling .7m for his 42% shareholding does anyone seriously believe that the club was valued at just 1.67m by the independent auditors in 1997?

 

[/quote]

 

Nigel, Nigel, Nigel, I''ve pointed this out to you before. The Club put an advert on the official website earlier this year and that price was calculated by valuing the shares at £30 each. Delia was behind or in the very least must have sanctioned the advert which must mean that she was asking £30 per share, we obviouslty do not know if she has dropped that asking price to £30 o.n.o in the interim but £30 per share was definitely quoted as the asking price in June.

 As for valuing the Club at £1.67m I think you inadvertantly prove just exactly what the likes of CanaryNut, Mr. Carrow, Desert Fox  and myself have been trying to make people understand for a long time.

Of course the Club wasn''t worth a paltry 1.67m in 1997, it was worth considerably more but this serves only to prove that Delia aquired her 42% shareholding at a greatly reduced price due to the altruism of certain individuals. Mr. Watling took a big financial hit selling those shares at such a discount for the good of the Club, some of us are more than annoyed that Delia wants full whack for a large shareholding she paid pennies per share for. The only decent thing to do is pass on that 42% holding at the same rate she purchased it but she won''t, she''s asking approx £7m for a shareholding she purchased for £700k not one penny of which would benefit the Club.

[judderman 0]

The thing is, Cullum made an absolutely ridiculous offer, that would not only have meant Delia would have had to forget retrieving any of the millions she''s put into the club recently on loans, but meant she would have had to pay an extra £20million to sell the club, because of unpaid loans that Cullum wasn''t willing to purchase as part of the club.Cullum said he''d inverst £20odd million into the club, transfers etc, expecting Delia to give him her shares for free, as well as paying off all outstanding debts the club owes. She''s can''t flippin afford that!Delia''s asking price doesnt allow her to walk away with millions. It doesnt even allow her to retrieve her loans, it simply means the club would be debt free because she could pay them off.

[Block E Buh 0]

[quote user="judderman"]The thing is, Cullum made an absolutely ridiculous offer, that would not only have meant Delia would have had to forget retrieving any of the millions she''s put into the club recently on loans, but meant she would have had to pay an extra £20million to sell the club, because of unpaid loans that Cullum wasn''t willing to purchase as part of the club.

Cullum said he''d inverst £20odd million into the club, transfers etc, expecting Delia to give him her shares for free, as well as paying off all outstanding debts the club owes. She''s can''t flippin afford that!

Delia''s asking price doesnt allow her to walk away with millions. It doesnt even allow her to retrieve her loans, it simply means the club would be debt free because she could pay them off.
[/quote]

At last, someone gets it!