[BAGGIES4LIFE]

With an offer of £200m reportedly having been made for Burnley, I'm struggling to see what makes them more attractive at that price than us at £175m?

A quick look at last year's accounts of Burnley showed a turnover of nearly £140m, quite a bit more than I think we ever achieved,plus having £40 million in the bank at the end of last season.  Even if we survive this season I don't see our club being worth anything close to what Lai wants, especially if supporters are not allowed back.

[NJS]

If £175M is his starting position, what might he settle for, I wonder.

[VANDERLEI]

I would say he is willing to accept considerably less but hardly going to make that public knowledge.

[BalisPen]

‘I’m told’ – Athletic journalist claims Lai has named his price for West Brom sale

Being "reported" that Lai wants £175m prepared to take a big hit

Source: https://www.westbromnews.co.uk/2020/10/29/im-told-athletic-journalist-claims-lai-has-named-his-price-for-west-brom-sale/

I think the "s" is missing from the prepared bit, as if we go down again that's all he'll get offered in the current covid climate.

Hope this price is true (lower would be better), but doubt it is given the Burnley takeover at £200m, as their Egyptian buyer would surely prefer to put the £25m saving into player purchases and on a club closer to London with also the added attraction of HS2 if he has intentions to invest heavily in the local area like the man city owners.

[BalisPen]

A quick look at last year's accounts of Burnley showed a turnover of nearly £140m, quite a bit more than I think we ever achieved,plus having £40 million in the bank at the end of last season.  Even if we survive this season I don't see our club being worth anything close to what Lai wants, especially if supporters are not allowed back.

On gates of 20,000 and an apparently socially deprived area that £140m is remarkable if true and a great advert for their marketing team as cannot recall a big player sale from them since that Everton defender whose name escapes me.

I think I also read that they operated on a ridiculously low wages bill of around £55m.

They've certainly come a long way from Kilby sagging us for having the unfair advatage of parachute payments and being sponsored by dave fishwick.

That £40m in the bank is a jp tactic they have clearly seen and used to attract a buyer using the mantra "see what could be yours".

[BAGGIES4LIFE]

On gates of 20,000 and an apparently socially deprived area that £140m is remarkable if true and a great advert for their marketing team as cannot recall a big player sale from them since that Everton defender whose name escapes me.

I think I also read that they operated on a ridiculously low wages bill of around £55m.

They've certainly come a long way from Kilby sagging us for having the unfair advatage of parachute payments and being sponsored by dave fishwick.

That £40m in the bank is a jp tactic they have clearly seen and used to attract a buyer using the mantra "see what could be yours".

Finishing 10th helped, they received £30+ more than Norwich, who got £95m from TV.

[baggiejohn]

Finishing 10th helped, they received £30+ more than Norwich, who got £95m from TV.

Burnley's gate income was around £6 million, TV rights were around £115 million, so by far their largest source of income was media rights.

Their total wage bill was around £78 million.

Been doing some research into acquisitions, & if I've understood it right, JP's sale to GL was what is known as a share sale in accountancy terms.

With a share sale, the buyer acquires both assets & liabilities of the business.

As Stoxman said, although tangible assets can be calculated, as can the player registration portion of the intangible assets, some of the intangible assets, like profits & goodwill are more nuanced & therefore subject to opinion.

Certainly there are US & Middle Eastern organisations who are in the market for an EPL club.

Depending on the end game for the buyer, WBA might be a good buy at £175 million, especially if the rivalry between us, Villa & Wolves improves their global exposure

[Standaman]

Our peak PL turnover was £137m and Burnley's £138m. So the two clubs are similar from a financial perspective and whether we are talking about £200m or £175m both clubs are absolutely appalling propositions at that sort of price.

There is zero prospect that a new owner will come in at £175m and spend the sort of money that many fans want to see lavished on the club.

[beechyboy90]

Burnley's gate income was around £6 million, TV rights were around £115 million, so by far their largest source of income was media rights.

Their total wage bill was around £78 million.

Been doing some research into acquisitions, & if I've understood it right, JP's sale to GL was what is known as a share sale in accountancy terms.

With a share sale, the buyer acquires both assets & liabilities of the business.

As Stoxman said, although tangible assets can be calculated, as can the player registration portion of the intangible assets, some of the intangible assets, like profits & goodwill are more nuanced & therefore subject to opinion.

Certainly there are US & Middle Eastern organisations who are in the market for an EPL club.

Depending on the end game for the buyer, WBA might be a good buy at £175 million, especially if the rivalry between us, Villa & Wolves improves their global exposure

Good time for Burnley to sell dont they have like 9 players out of contract come summer?

[BalisPen]

Good time for Burnley to sell dont they have like 9 players out of contract come summer?

They didn't spend much in the last window and lost Hendrick and Defour and worryingly for them there was talk of their boss not being happy and wanting to leave.

If he leaves the next boss will have a massive job to stop them falling as low as even the Dings, as Dyche is solely responsible for their stay in the prem as he rarely makes errors in the transfer market.

[baggiejohn]

Our peak PL turnover was £137m and Burnley's £138m. So the two clubs are similar from a financial perspective and whether we are talking about £200m or £175m both clubs are absolutely appalling propositions at that sort of price.

There is zero prospect that a new owner will come in at £175m and spend the sort of money that many fans want to see lavished on the club.

Really depends on the reason for the purchase.

In a pre-covid world, an EPL club would be a useful conduit for global exposure of the buyers organisation. (Isn't that why GL bought us in the first place?).

£175 - £200 million might be a price worth paying for an EPL club, depending on what the global economy looks like post covid.

I agree though, there is no way GL will get £175 million for an EFL club, so it's essential we retain our EPL status.

[FallOutBoy]

They didn't spend much in the last window and lost Hendrick and Defour and worryingly for them there was talk of their boss not being happy and wanting to leave.

If he leaves the next boss will have a massive job to stop them falling as low as even the Dings, as Dyche is solely responsible for their stay in the prem as he rarely makes errors in the transfer market.

I think that is fairly accurate. They have 14 players out of contract at the end of the season, and the ones they do have under contract will be their better players who will want to leave (McNeil, Pope, etc.). They would probably lose Dyche at that point, if they hadn't already. Having to rebuild with parachute payments in the Championship is no easy thing, as we know, but they would have a massive job on their hands.

I wouldn't want to be buying them now by any means. That's another Lai waiting to happen.

[zippyandbungle]

We are in the process of selling our house, currently it is SSC, and had to spend countless hours explaining to my wife that it is/was worth exactly whatever someone was prepared to pay for it and not what the one over the road sold for six months ago or what the one two doors down has just been put up for sale at, both of which were different sizes, different styles and different ages to our house.
COYB

But have you used farrow n ball paint?😀

[Standaman]

The following quote from the film Glengarry Glen Ross neatly summarises the difference between the Premier League and the EFL

“As you all know first prize is a Cadillac El Dorado. Anyone wanna see second prize? Second prize is a set of steak knives. Third prize is you're fired.”

This is why any Premier League club that has an inherent relegation risk is not worth £200m and only those that don't are worth more but those that don't are worth a lot more.

[stoxman]

Burnley's gate income was around £6 million, TV rights were around £115 million, so by far their largest source of income was media rights.

Their total wage bill was around £78 million.

Been doing some research into acquisitions, & if I've understood it right, JP's sale to GL was what is known as a share sale in accountancy terms.

With a share sale, the buyer acquires both assets & liabilities of the business.

As Stoxman said, although tangible assets can be calculated, as can the player registration portion of the intangible assets, some of the intangible assets, like profits & goodwill are more nuanced & therefore subject to opinion.

Certainly there are US & Middle Eastern organisations who are in the market for an EPL club.

Depending on the end game for the buyer, WBA might be a good buy at £175 million, especially if the rivalry between us, Villa & Wolves improves their global exposure

Hi BaggieJohn.  You’re right about the share sale.   They tend to be more preferable for vendors (sellers) because they are “clean”.  You’ve sold all the assets and liabilities with the exception of anything that’s specifically covered by warranties that cover tax investigations, litigation etc.   Depending on structures, they can also be more tax efficient than asset sales.  From a buyers perspective, asset deals can be better because it more clearly lands the shell of Oldco on the previous owner to deal with any previous issues.   There’s almost always a negotiation in which the buyer will offer two different prices; one for an asset deal and one for a share deal.  Think of it like selling your house.   If deal A was to sell your house with no tax to pay but you have to give warranties for the next 7 years against the roof leaking and deal B was just a walk away with a cheque and possibly more tax to pay, there would be two different values for your house.  It’s similar with businesses.   

[paulosull]

Hope this idiot is seriously thinking about selling club and only way he will get any where near the £175 million is if Slaven can keep Albion in Prem.

[AlbionFan]

Apparently, there was an attempt to raise a large sum of money against the football club last year which was stopped internally.

By whom and for what purpose I have no idea, but it does make you wonder what is going on in the upper echelons of the club.

Has any member heard about this?

[staticboy]

What the actual heck???

https://www.westbromnews.co.uk/2020/11/03/guochuan-lai-may-have-already-handed-west-brom-ownership-to-someone-else-chris-lepkowski/

Just searched on Google for

Ms Yasha Ge and Orbis and could not find a thing

What is going on at our beloved club?

[hardtobeat]

What the actual heck???

https://www.westbromnews.co.uk/2020/11/03/guochuan-lai-may-have-already-handed-west-brom-ownership-to-someone-else-chris-lepkowski/

Just searched on Google for

Ms Yasha Ge and Orbis and could not find a thing

What is going on at our beloved club?

Hasn’t China banned some internet stuff we take for granted, which may be why search engines are turning nothing up ?

[johnny Cash]

Lai is still listed as a person with significant control on companies house.

CL should disclose more information about his research and why they think this, or shut up.  He shouldn't just spout this sort of stuff without at least trying to back it up.

[Albionic]

What the actual heck???

https://www.westbromnews.co.uk/2020/11/03/guochuan-lai-may-have-already-handed-west-brom-ownership-to-someone-else-chris-lepkowski/

Just searched on Google for

Ms Yasha Ge and Orbis and could not find a thing

What is going on at our beloved club?

I thought this had been widely reported before, from memory Ms Ge works for one of Lai's businesses and Orbis are a (dutch?) agency who report on business ownership, akin to an independent companies house but worldwide.  From what I read its a nothing story.

[FallOutBoy]

Lai is still listed as a person with significant control on companies house.

CL should disclose more information about his research and why they think this, or shut up.  He shouldn't just spout this sort of stuff without at least trying to back it up.

Maybe he can't find out any more, and mentions it because then somebody with more connections can look into it?

[SmethDan]

I thought this had been widely reported before, from memory Ms Ge works for one of Lai's businesses and Orbis are a (dutch?) agency who report on business ownership, akin to an independent companies house but worldwide.  From what I read its a nothing story.

It has been reported before. Something highlighted in the linked article itself which is supposed to be an update of the original, although it doesn't appear to provide one. I haven't listened to the podcast though as CL and AGs voices grate on me after a while. Well a couple of seconds to be honest. I've read the name Yasha Ge before too. As for Orbis there's also a far eastern accounting, business and legal consultancy solutions company........

https://orbis-alliance.com/our-teams/china

....... I've no idea whether they've got anything to do with the current price of eggs, Lai, Ge or West Bromwich Albion in particular though.

[TheBaggieMan]

The cousin of Man City UAE Sheik Mansour is in the process of buying Derby - surely we would be the better option!

[Nickwba1]

The cousin of Man City UAE Sheik Mansour is in the process of buying Derby - surely we would be the better option!

Just out of interest, why do you think we'd be a better option for someone to buy?