Animis Posted September 5, 2019 Share Posted September 5, 2019 11 minutes ago, catdog1121 said: What are those robust rules? If there was a piece of land next to your house where only you and your neighbour could gain access and you and your neighbour really wanted to have a bigger garden, that land in essence is pretty worthless however as the only land available and two parties desperately wanting that land what it sells for and its inherent value can be two very different values... What the EFL are trying to imply is that if the ground is sold for more than its value then its dodgy, my point is lots of things sell for way over their inherent value. The rules are set out in the RICS red book. Yes - valuation will include assumptions on the worth of the land, and in the above case, the market will determine who comes out on top. However, the valuation can not predict the level of premium or desperation value which one party will pay. The scenario you set out includes two 'special purchases' and the pre-sale valuation will reflect this, which will be higher than the 'worthless' value. Sometimes unscrupulous landlords buy up these strips of land knowing this may happen in future - it's called ransom value. Your point that the EFL are implying the ground is valued more than it's worth may be correct, but if the valuation by a reputable company is £60m I can't see how they could challenge it. Link to comment Share on other sites More sharing options...
room0035 Posted September 5, 2019 Share Posted September 5, 2019 I don't see why every one is worried DC is a professional business man - knowing the issues involved with the FFP and P&S rules he won't have plucked a number out of the air to value the club he will have got it professionally valued by an external source and filed all the documents to prove it. Link to comment Share on other sites More sharing options...
Harrysgame Posted September 5, 2019 Share Posted September 5, 2019 This is just the EFL trying to make themselves look like the guardians of the game. When in reality they are becoming irrelevant, there power is diminishing and have become the PL's lackeys. This is them stamping there feet saying we are still here after the Bury / Bolton debacle. Maybe if they let clubs run themselves and get rid of the ffp etc they would not keep bringing problems on themselves. A victorian institution that needs putting to sleep. We will just get told dont do it again along with all the other clubs. Link to comment Share on other sites More sharing options...
Steelman Posted September 5, 2019 Share Posted September 5, 2019 16 hours ago, The Regulator said: The fact is that the stadium is worth whatever someone is prepared to pay for it. Beat me to it mate. And for this reason it could be argued that any "independent" Valuation isn't worth a w a n k. Link to comment Share on other sites More sharing options...
VBQ24 Posted September 5, 2019 Share Posted September 5, 2019 16 hours ago, S36 OWL said: I have secret ,ancient documents in my shed that prove there is gold under the stadium , lots of it, so the ground is definitely worth what DC paid himself for it. Not to mention the huge oil field... Link to comment Share on other sites More sharing options...
VBQ24 Posted September 5, 2019 Share Posted September 5, 2019 I'm sure this club is cursed. Link to comment Share on other sites More sharing options...
dumboldowl Posted September 5, 2019 Share Posted September 5, 2019 16 hours ago, S36 OWL said: I have secret ,ancient documents in my shed that prove there is gold under the stadium , lots of it, so the ground is definitely worth what DC paid himself for it. Prospects should be good then! Link to comment Share on other sites More sharing options...
sonofbert2 Posted September 5, 2019 Share Posted September 5, 2019 2 hours ago, oldowl67 said: Using that formula can you work back from the £60m valuation to an estimated rebuild cost or are there too many variables in the depreciation calc? 2 hours ago, Animis said: The rules are set out in the RICS red book. Yes - valuation will include assumptions on the worth of the land, and in the above case, the market will determine who comes out on top. However, the valuation can not predict the level of premium or desperation value which one party will pay. The scenario you set out includes two 'special purchases' and the pre-sale valuation will reflect this, which will be higher than the 'worthless' value. Sometimes unscrupulous landlords buy up these strips of land knowing this may happen in future - it's called ransom value. Your point that the EFL are implying the ground is valued more than it's worth may be correct, but if the valuation by a reputable company is £60m I can't see how they could challenge it. I thought the ground had been valued at 38m and wasn’t Derby’s valued at 80m? Link to comment Share on other sites More sharing options...
S36 OWL Posted September 5, 2019 Share Posted September 5, 2019 Im just a thick northerner snd i dont understand all this legal speak cobblers, so are we in the shiete over this or not ? Link to comment Share on other sites More sharing options...
Waddlesdiamondlights Posted September 5, 2019 Share Posted September 5, 2019 17 hours ago, The Regulator said: The fact is that the stadium is worth whatever someone is prepared to pay for it. It's because they couldn't get us on the technicality of using the ground to get out of ffp so they are now trying a different angle by using the valuation so what you have put is bang on the money. It's what somebody is willing to pay not how much someone deems it is worth. To most Wednesday its its priceless so DC got a good deal Link to comment Share on other sites More sharing options...
Cypriot Owl Posted September 5, 2019 Share Posted September 5, 2019 Surely anything is worth what someone will pay for it. If DC is willing to pay sixty million then there shouldn't be an issue. Just the throw pots at EFL having another go at us. Link to comment Share on other sites More sharing options...
Dick_Turpin Posted September 5, 2019 Share Posted September 5, 2019 2 hours ago, VBQ24 said: I'm sure this club is cursed. Or has been badly run for a long time. Link to comment Share on other sites More sharing options...
cbirks Posted September 5, 2019 Share Posted September 5, 2019 Quite right, too. We'd be screaming for investigation if someone else did it. 1 Link to comment Share on other sites More sharing options...
Animis Posted September 5, 2019 Share Posted September 5, 2019 1 hour ago, Cypriot Owl said: Surely anything is worth what someone will pay for it. If DC is willing to pay sixty million then there shouldn't be an issue. Just the throw pots at EFL having another go at us. Technically that's true but requires a willing buyer and seller - this normally means two or more separate parties to achieve a market value .The key to all this is that the buyer and seller are the same party in all but name. This point isn't hidden and is simply to pump capital into the business. The EFL don't like for obvious reasons as it flaunts the rules. The accounts rely on an independent valuation, or as MK says a depreciated re-build figure which discounts the need for a market assessment. The latter is an asset valuation really which is normally done every 3/5 years for the accounts. Link to comment Share on other sites More sharing options...
Musn't Grumble Posted September 5, 2019 Share Posted September 5, 2019 6 hours ago, BIG D said: Are the EFL going to put a value on every player sale? The ground is worth what someone is willing to pay. There are three types of accountants in the EFL... Those who can add up and those who can't. Link to comment Share on other sites More sharing options...
darra Posted September 5, 2019 Share Posted September 5, 2019 Hopefully, his is just a way of the EFL telling Gibson to shut the flip up. Link to comment Share on other sites More sharing options...
Jeffjohnsonmyhero Posted September 5, 2019 Share Posted September 5, 2019 All Chansiri has to say I value the ground at £60 million ,EFL say less ,Chansiri says to the EFL , Tell you what I will Build an exact copy of Hillsborough anything over your Value you can for it . Link to comment Share on other sites More sharing options...
S6 Lifelong Owl Posted September 5, 2019 Share Posted September 5, 2019 It's about time the EFL tried to do something about the enormous disparity created by the Premiership parachute payments instead of kicking the have nots in the teeth with rules to restrict any possibility of them trying to bridge that gap. Link to comment Share on other sites More sharing options...
S36 OWL Posted September 5, 2019 Share Posted September 5, 2019 5 hours ago, VBQ24 said: I'm sure this club is cursed. I blame that monk DC got to bless the stadium. He was a fraud and a conman . 1 Link to comment Share on other sites More sharing options...
Hookowl Posted September 5, 2019 Share Posted September 5, 2019 4 minutes ago, S36 OWL said: I blame that monk DC got to bless the stadium. He was a fraud and a conman . Don't mention Monk to DC he might think we want him 2 Link to comment Share on other sites More sharing options...
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