£20m is a mental price to pay for a 2 bob team with no history, tin pot fan base and a proper rugby area. I know their recent past has been decent but apart from that really this is a mental price.
Ed. Do they still have a couple of years parachute money left though? Guess that at least gives you a chance to either have a PL gamble or strip this our if the club and get your cash back.
Interesting to note "In October, a non-disclosure agreement was signed with a Hong Kong group". If this the same ones then interesting it has taken over 3 months "
All other things being equal we should be worth a good deal more. But there will be value in them looking nailed on for promotion while we struggle to creep into playoffs. Roland Duchatelet - penny wise, pound foolish
£20m is a mental price to pay for a 2 bob team with no history, tin pot fan base and a proper rugby area. I know their recent past has been decent but apart from that really this is a mental price.
Ed. Do they still have a couple of years parachute money left though? Guess that at least gives you a chance to either have a PL gamble or strip this our if the club and get your cash back.
Honestly, I don't know what "history" would have to do with a sale price in the modern game. Fan base, certainly. But I imagine for just about all investors, unless they have a personal tie to the club, all they're considering is potential.
Also, their parachute payments would have ended last season I believe (I think it's now 60m x 4 years). So while they don't have that now, given they've traditionally been pretty frugal and been adept at buying low and selling high (going on memory though), I imagine their books look pretty good, compared to us.
£20m is a mental price to pay for a 2 bob team with no history, tin pot fan base and a proper rugby area. I know their recent past has been decent but apart from that really this is a mental price.
Ed. Do they still have a couple of years parachute money left though? Guess that at least gives you a chance to either have a PL gamble or strip this our if the club and get your cash back.
Honestly, I don't know what "history" would have to do with a sale price in the modern game. Fan base, certainly. But I imagine for just about all investors, unless they have a personal tie to the club, all they're considering is potential.
Also, their parachute payments would have ended last season I believe (I think it's now 60m x 4 years). So while they don't have that now, given they've traditionally been pretty frugal and been adept at buying low and selling high (going on memory though), I imagine their books look pretty good, compared to us.
They won the cup a couple of years ago, so they've arguably got as much history as us - and its recent history, not the best part of a century ago. As much as we're all proud of it, the fact we got 60/70,000 crowds in the 50s would not have any impact on our valuation today. Literally 0%. Not 0.00001% impact - 0%. Nothing. Completely irrelevant.
Next season Wigan will be in the championship. Individual players in that division now go for close to 20m, let alone an entire club. You're a bit of investment and a decent managerial appointment away from the premier league (where they've been established before) and the cash there is off the scale.
CAFC are worth more than Wigan just because they are in London. But I doubt they are worth 2.5x as much. But then again, I would rather own CAFC at 50m than Wigan at 20m if the goal is to get a team into the PL and then sell out at a profit. The sell price of a London club would be much more than 30m higher than whatever Wigan would sell for if they were a mid table PL club.
Wigan seem to be a well run club, and I imagine the financials look miles better than ours, but they suffer both from being in what has been a Rugby town historically, and that they are smack between Liverpool and Manchester and have a relatively short history as a decent side, so have a lack of fanbase. They never sold out in the PL years, which takes some doing.
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Ed. Do they still have a couple of years parachute money left though? Guess that at least gives you a chance to either have a PL gamble or strip this our if the club and get your cash back.
Jackson said a deal "will only take place in the best interests of Wigan Athletic".
If only Roland or any of our previous owners (including you Murray) did the same.
Roland Duchatelet - penny wise, pound foolish
Also, their parachute payments would have ended last season I believe (I think it's now 60m x 4 years). So while they don't have that now, given they've traditionally been pretty frugal and been adept at buying low and selling high (going on memory though), I imagine their books look pretty good, compared to us.
Next season Wigan will be in the championship. Individual players in that division now go for close to 20m, let alone an entire club. You're a bit of investment and a decent managerial appointment away from the premier league (where they've been established before) and the cash there is off the scale.
To be honest, £20m seems like a good deal.
Exciting times........
Why not us? Roland you complete bastard!