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Author Topic: Financial fair play  (Read 124181 times)

Offline Gareth

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Re: Financial fair play
« Reply #1275 on: January 22, 2020, 11:24:49 PM »
So Pride Park is independently valued at 49m - a smaller ground with vastly less facilities than VP, 56m is surely not unreasonable:-)

Sounds like the usual Mail shitstirring rag nonsense

Online Villafirst

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Re: Financial fair play
« Reply #1276 on: January 23, 2020, 12:09:25 AM »
The Daily Mail raise this issue every few weeks, just no real substance to it. Yet another 'probe'

Offline Lastfootstamper

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Re: Financial fair play
« Reply #1277 on: January 23, 2020, 12:15:57 AM »

Online Damo70

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Re: Financial fair play
« Reply #1278 on: January 23, 2020, 12:32:58 AM »
Indeed. Everton's turn last week.

I don't see how any Everton deal is any worse than the Arsenal and Man City stadium deals. I think Spurs have left themselves open to a stadium sponsor too.

Online PaulWinch again

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Re: Financial fair play
« Reply #1279 on: January 23, 2020, 06:51:11 AM »
Is the Everton point that itís not even due to be built for another 3 years?

Offline chrisw1

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Re: Financial fair play
« Reply #1280 on: January 23, 2020, 07:59:25 AM »
I would imagine the value for development would be huge.
Not really.   Nowhere near £50m in that location.

Offline Big Ming

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Re: Financial fair play
« Reply #1281 on: January 23, 2020, 08:11:08 AM »
Wonder why we haven't done the 'naming rights' thing?

Adidas Villa Park anyone?

Offline VinnieChase84

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Re: Financial fair play
« Reply #1282 on: January 23, 2020, 08:27:38 AM »
It's all a load of BS. The EFL signed off our finances for that year - end of.
With regards the valuation, id say VP was even downplayed on books for an independent valuation. Id speculate its with future intention to sell 'other areas' - land around the ground - the development of a hotel etc.....

Offline AsTallAsLions

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Re: Financial fair play
« Reply #1283 on: January 23, 2020, 08:33:39 AM »
Is it a pure land valuation or does it take into account the stadium's material value as well as its worth as a historical landmark etc?

I'm making this statement with zero calculations done, but you'd have to assume Villa Park as a whole package - the stadium, adjacent buildings and the associated land - is worth all that and more. £56m, if anything, was surely a low-ball valuation.

Offline kippaxvilla2

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Re: Financial fair play
« Reply #1284 on: January 23, 2020, 08:37:24 AM »
I would imagine the value for development would be huge.
Not really.   Nowhere near £50m in that location.

Iím not so sure itís ripe for regeneration I would have thought.  Said with no knowledge of this area obviously.

Offline dave.woodhall

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Re: Financial fair play
« Reply #1285 on: January 23, 2020, 08:40:36 AM »
Do we still own the land we bought when Doug was here?

Offline kippaxvilla2

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Re: Financial fair play
« Reply #1286 on: January 23, 2020, 08:45:04 AM »
We sold off that Serpentine land to fund the Petrov deal didnít we?

Offline Ads

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Re: Financial fair play
« Reply #1287 on: January 23, 2020, 08:59:54 AM »
Do we still own the land we bought when Doug was here?

There's not been notifications of asset sales on co.paniea house or in the last accounts, sonit seems we do still own that semi in Surton Coldfield, just mortgage free.

Offline dave.woodhall

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Re: Financial fair play
« Reply #1288 on: January 23, 2020, 09:02:45 AM »
We sold off that Serpentine land to fund the Petrov deal didnít we?

It was sold a bit before then but we also owned the old Siemens site and a bit more by the Tesco.

Offline pauliewalnuts

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Re: Financial fair play
« Reply #1289 on: January 23, 2020, 10:22:25 AM »
Is it a pure land valuation or does it take into account the stadium's material value as well as its worth as a historical landmark etc?

I'm making this statement with zero calculations done, but you'd have to assume Villa Park as a whole package - the stadium, adjacent buildings and the associated land - is worth all that and more. £56m, if anything, was surely a low-ball valuation.

Pride Park is in the middle of an industrial / retail estate, which adds value.