Jump to content

Ground being sold in February?


Recommended Posts

4 hours ago, gillyno9 said:

Firstly I’m not itk. I read forum daily but rarely post. 

 

Has anyone else the rumour of the ground being sold to one of DC’s relatives in February? Figure said to be 30 million. The idea being we pay nominal “rent” in return. This being a legitimate way to pump new money into the club.

 

 

(Presuming February sale before new tax year in April)

 

Maybe that’s the assurance been made to Steve Bruce before excepting the job regarding budget for next season. 

 

Like I said just something I’ve heard. 

 

 

The last I heard our Chairman was selling the whole club.. His words not mine..

So I guess you are right...

Link to comment
Share on other sites

Land and buildings were valued at circa £24m in the accounts.

 

I am not sure how this is split between the ground and the training ground.

 

And this is not my specialist area as I am not an accountant.

 

However, from a P & L point of view I think it would only count as a profit for the difference between the sale price and the value on the balance sheet. I.e if it is valued at £12m in the accounts and sold for £30m, £18m would be profit.

 

Im not sure how the future rent would be discounted from that profit.

 

Nor how FFP would treat it.

 

@mkowl May be able to shed more light on it...

Link to comment
Share on other sites

1 hour ago, Triple O said:

I've heard that DC is selling the intellectual rights of all Owls supporters for a considerable sum.

 

Sheffield United were considering a similar scheme but decided it would take too long to explain to their fans in piGtographs.

 

Fixed it for you.lol

  • Haha 1
Link to comment
Share on other sites

4 hours ago, Bukta said:

Thanks for posting this gillyno9, I’d not heard this so I appreciate you bringing the rumour to the table. Keep posting and you’ll pass the magic 500 mark which is clearly important to some people on here.

not important to me mate

Link to comment
Share on other sites

1 hour ago, theowlsman said:

 

Wouldn’t have thought so. He’s not rang me.

 

Then again, after the bankruptcy thing, he could no longer afford to run a car or a phone, plus his wife and family disowned him. 

 

Unless he’s found 10p for the call box and has a mate at Red Bull who wants to build a quasi- religious educational establishment for the underpriveleged in Sheffield. But I don’t see that building a school for pigs fans would help.

But I seem to recall you believed him last time. And dbowl and billsaja. I even believed you. 

Link to comment
Share on other sites

4 minutes ago, Dexter Morgan said:

30m for a stadium isn’t fair market value

so wouldn’t be allowed under FFP 

If it’s valued at £25 m on the balance sheet why wouldn’t it? Genuine question. Interested in how this ffp pans out. 

Link to comment
Share on other sites

57 minutes ago, trevdi9 said:

not important to me mate

Glad to hear that chief. I can remember coming on hear for the first time and it looking a scary place. We don’t exactly bend over backwards to accommodate new posters or welcome them with open arms do we?

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
×
×
  • Create New...