S36 OWL Posted September 4, 2019 Share Posted September 4, 2019 1 hour ago, TheEnchanter said: My many many Leeds United supporting friends are already sticking the knife in with this one. Bellend Rd would be worth more Link to comment Share on other sites More sharing options...
prowl Posted September 4, 2019 Share Posted September 4, 2019 The lawyers will have been all over this with a fine toothcomb and I'm sure a suitably qualified surveyor will have valued the stadium. Neither the lawyers or the valuer will be wanting their professional credibility put at risk so they should have made sure they did things correctly. At the end of the day valuers may disagree on the figure but then it comes down to which valuer you believe. Link to comment Share on other sites More sharing options...
Doghouse Daz Posted September 4, 2019 Share Posted September 4, 2019 Who the hell makes this crap up. Independent Stadium Valuations my @rse. Link to comment Share on other sites More sharing options...
NorfolkNChance Posted September 4, 2019 Share Posted September 4, 2019 15 minutes ago, rickygoo said: Tell investors in Patisserie Valerie, Carillion etc that auditors are infallible https://www.google.co.uk/amp/s/amp.theguardian.com/business/2019/jul/10/watchdog-finds-work-of-patisserie-valerie-auditor-unacceptable Been lucky in my experiences then, well as lucky as you can be with auditors Link to comment Share on other sites More sharing options...
Costello 77 Posted September 4, 2019 Share Posted September 4, 2019 What I think some people fail to understand is that shitstirring leads to scrutiny.. there's too many had/have their fingers in the jampot for that to happen.. it'll be deferred/glossed over.. Link to comment Share on other sites More sharing options...
Dick_Turpin Posted September 4, 2019 Share Posted September 4, 2019 fizz - extra cash needed. Scramble D-Taxis. Crack open the Elev8. Nothing to see here. Link to comment Share on other sites More sharing options...
trev Posted September 4, 2019 Share Posted September 4, 2019 They are just doing this to be seen to do something...so they don't seem incompetent and toothless. Maybe it will scare other clubs from doing the same thing.....or that's what they are hoping. Chansiri is no mug...neither is the Derby owner. It's all been done within the rules. Link to comment Share on other sites More sharing options...
Nero Posted September 4, 2019 Share Posted September 4, 2019 Found the original valuation document... 1 Link to comment Share on other sites More sharing options...
S36 OWL Posted September 4, 2019 Share Posted September 4, 2019 1 hour ago, Anus said: Sorry to step off my Cowley cloud, but Ram's mate sent me this. Can you backdate a loophole? Seems to be from The Time's. I don't know if it's worth worrying about or not? Surely DC's finance and legal bods crawled all over the sale. https://mobile.twitter.com/deanocx/status/1169319282402111488?ref_src=twsrc^tfw|twcamp^tweetembed|twterm^1169319282402111488&ref_url=https%3A%2F%2Fdcfcfans.uk%2Findex.php%3Fapp%3Dcore%26module%3Dsystem%26controller%3Dembed%26url%3Dhttps%3A%2F%2Ftwitter.com%2Fdeanocx%2Fstatus%2F1169319282402111488 Apols I can't embed tweets or if it's been done before? Edit Time's link https://www.thetimes.co.uk/edition/sport/derby-countys-purchase-of-pride-park-investigated-by-efl-rdm0jwzws?utm_medium=Social&utm_source=Twitter#Echobox=1567620539 Thats another 6 game ban for Forrestieri 1 Link to comment Share on other sites More sharing options...
Beauchief Owl Posted September 4, 2019 Share Posted September 4, 2019 If they value the stadium at say 30 million does that mean DC gets the other 30 million back to spend on players? 2 Link to comment Share on other sites More sharing options...
Animis Posted September 4, 2019 Share Posted September 4, 2019 The method of valuation for football grounds will be set - it should be existing use, which then includes assumptions around potential albeit hypothetical revenue (rent) multiplied by a yield to assess the asset value. The insurance valuation is a re-build cost, which would be to replace the stadium as it stands with adjustments for current regulations. How the company got to the £60m figure will be in the detail - it will however, have been produced by a regulated company who wouldn't risk their chartership status in blatantly overvaluing at the obvious pressure and instruction of their client (SWFC). The EFL's P&S states they have the right to check the valuations in the regs - this is after the accounts are filed and a separately regulated exercise as far I know. Therefore, it was always going to be scrutinized and 'signed off' by the EFL anyhow. The delay with the Derby assessment seems quite a long time from their 'deal'. Maybe this is just a public sign of transparency by the EFL or just going through the motions to avoid criticism? Link to comment Share on other sites More sharing options...
NeonLeon Posted September 4, 2019 Share Posted September 4, 2019 I thought the EFL were just competition organisers? Draw the fixtures, supply the trophies, that sort of thing. Well I know that’s what they said in regards to taking more responsibility with the situations at Bolton and Bury.. Link to comment Share on other sites More sharing options...
Costello 77 Posted September 4, 2019 Share Posted September 4, 2019 3 minutes ago, trev said: They are just doing this to be seen to do something...so they don't seem incompetent and toothless. Maybe it will scare other clubs from doing the same thing.....or that's what they are hoping. Chansiri is no mug...neither is the Derby owner. It's all been done within the rules. This is an interesting point.."rules".. We submit accounts to two bodies..one governed by law...and a private business.. Link to comment Share on other sites More sharing options...
catdog1121 Posted September 4, 2019 Share Posted September 4, 2019 this is ridiculous, the value of something is based on what someone is willing to pay.. Valuing something like a football ground is extremely subjective and there is also emotion involved. For example i'm sure to the 85 year old lady down the road the ground has not value to her. It may only be worth that much to one person, just like i am sure certain sentimental items may have very little value but certain people would be willing to pay a huge amount, in this sense as there has been a sale then the value is what was paid, even if it is only worth that much to that one person. This is just the EFL not happy that a few clubs have found loopholes in their stupid rules so are trying to make up new interpretations of rules to try and punish them. Mind you given what happened to Bury it does make you wonder if the EFL see clubs as an annoyance to their organisation that they would rather be without. Link to comment Share on other sites More sharing options...
S36 OWL Posted September 4, 2019 Share Posted September 4, 2019 Maybe if the EFL didnt stop owners who have the money to spend , from spending it , then they wouldnt have to find loopholes to exploit . This whole thing says more about the EFL than the clubs who have used this loophole. Link to comment Share on other sites More sharing options...
Animis Posted September 4, 2019 Share Posted September 4, 2019 9 minutes ago, catdog1121 said: this is ridiculous, the value of something is based on what someone is willing to pay.. Valuing something like a football ground is extremely subjective and there is also emotion involved. For example i'm sure to the 85 year old lady down the road the ground has not value to her. It may only be worth that much to one person, just like i am sure certain sentimental items may have very little value but certain people would be willing to pay a huge amount, in this sense as there has been a sale then the value is what was paid, even if it is only worth that much to that one person. This is just the EFL not happy that a few clubs have found loopholes in their stupid rules so are trying to make up new interpretations of rules to try and punish them. Mind you given what happened to Bury it does make you wonder if the EFL see clubs as an annoyance to their organisation that they would rather be without. No its not - it's based on very clear and robust rules. Link to comment Share on other sites More sharing options...
Matthew Thomas Posted September 4, 2019 Share Posted September 4, 2019 1 hour ago, mkowl said: 60m And not "pumped in" the sum is still showing as money owed for the sale by the company that bought it - looked like it was payable over 8 years Interesting stuff that the EFL would seek to dispute a valuation that was presumably professionally prepared and signed off as being "true and fair" by auditors. Is this slow payment arrangement for tax reasons or merely to allow regular funds to trickle into the club? Why do I have a nagging feeling it’s because he’s selling the club and this is a way to avoid putting too much in ahead of the sale? Link to comment Share on other sites More sharing options...
Highbury Owl Posted September 4, 2019 Share Posted September 4, 2019 Well this is not a surprise. DC has obviously paid well over the odds to buy the stadium. For the same acreage it's probably Fulham prices and he's done it to try to get round FFP and financially support and protect our club. I've never understood the point of FFP because it only seems to exist to protect the interests of richer clubs (and Steve Gibson). At best the EFL is incompetent. If they have any integrity, I'd like to know what it it is. Link to comment Share on other sites More sharing options...
Anus Posted September 4, 2019 Author Share Posted September 4, 2019 1 hour ago, trev said: Chansiri is no mug...neither is the Derby owner. It's all been done within the rules. That's my genuine hope, I listened to some of the talksport interview at work with Mel Morris (between the ads, I mean, FFS that show is worse than the The Star on my phone, but I digress..) he made reference that the ground could not be overvalued due to having to satisfy HM tax man. So I kind of think Srcubber Gibson and Leeds' just can't let anything go, and the EFL are just pandering to Leeds'*, probably at Sky's request ** * Not sure anyone cares about Gibson ** Don't panic, just sorting the tin foil helmet as we speak.... Link to comment Share on other sites More sharing options...
k_guite Posted September 4, 2019 Share Posted September 4, 2019 How much to have it built? Stadiums are expensive, https://en.m.wikipedia.org/wiki/List_of_most_expensive_stadiums Efl can get ducked Link to comment Share on other sites More sharing options...
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