Shrimpsvoices

It's been reported that Accrington have been valued at circa £2.5m.

I wonder if anyone outside of the BoDs has a clue as what value The Bond Group have placed on OUR club.

Whatever that value is it would appear to have put off potential buyers and the saga will continue until Jason and Co put a value on OUR club that makes any sale possible.

I thought it used to be around £2 million, Jason is prob holding out for 4-5

£1.7 million???

I have mentioned elsewhere. I remember Graham Burnard coming to the club for a fans forum when G4 sponsored by Mr Hashemi owned the club. This was before promotion to L1. He was asked what the club was valued at then. The reply was, 'Morecambe can easily be bought for £4m'. I suspect the value of the surrounding land may have increased a little. But not to the tune of £10m offered by Sarbjot Johal.

If Sarb had really offered £10m it was highly unlikely to have been in cash. Far more likely is most or all of it would have been "paper", i.e. shares in Sarb Holdings (or whatever) which isn't really money and worth sod all if Sarb Holdings never actually went on to make money etc. It's a pretty common way to "buy" other businesses.

I was involved as an accountant with a small but very successful independent estate agent who were "bought out" by a national estate agency chain for a stupidly high amount (too good to be true!!) - it was "share for share" exchange, but the buying company soon went bust (property market crash) so the poor sod got nothing out of it in the end. If he'd have sold at a more realistic market value to, say, another independent estate agent, he'd have got a lower value, but would have actually seen the money in his bank as he'd have got paid upon sale, not some wishy washy promise of a future lump sum when he finally sold the shares in the buyers' company!

P/T Indie wrote:I thought it used to be around £2 million, Jason is prob holding out for 4-5

IF Jason is holding out for £4-£5 million then it's not surprising that no sale has been concluded.

The £2 million quoted above is more realistic in my opinion.....but Jason and the Bond Group are simply being unrealistic unless of course they want to recoup the money they have put into OUR club and make a profit out of any deal during their tenure in which case this saga will go on and on and on.....

My worry is that they will now no longer put monies into OUR club....with no regard to the consequences that may follow....

Personally, I don't think the club is worth much more than a token amount due to the limited assets and recent losses. I think £500K to £1m would be reasonable and give Jason something to allow him to walk away whilst doing the right thing.

I guess we will never know what went on with Johal but I am now of the opinion that he was potentially a puppet of Jason, used to try and draw Fury into a bidding war. I suspect that any money put into the club will have come indirectly from Jason and most likely be a loan that requires paying back with interest by the club.

Wild Bill wrote:I think £500K to £1m would be reasonable and give Jason something to allow him to walk away whilst doing the right thing.

If that was the case it would be a cinch to crowdfund. Unfortunately I think it's significantly higher.

It will be but if no one is prepared to pay that its academic.

AndyReifman wrote:

Wild Bill wrote:I think £500K to £1m would be reasonable and give Jason something to allow him to walk away whilst doing the right thing.

If that was the case it would be a cinch to crowdfund. Unfortunately I think it's significantly higher.

Again, the difference between what a buyer considers the club to be worth and what the seller considers it to be.
If Bond Group valued it at £500k, it would have been bought by the end of the week.
£50 million and it will never sell in our lifetimes.
£5 million and it may eventually sell to a wealthy person to be their plaything. Or a teenage drinks entrepreneur.

£2 million to £2.5 million, as a similar amount to Accrington and perhaps a local consortium could begin to get interested?

AndyReifman wrote:

Wild Bill wrote:I think £500K to £1m would be reasonable and give Jason something to allow him to walk away whilst doing the right thing.

If that was the case it would be a cinch to crowdfund. Unfortunately I think it's significantly higher.

That's not the whole story though, is it. Maybe a million will buy the shares from Jason, but that puts no money in the club for players etc. It'd probably need another half a million injected per year to cover losses and increase the players wage budget (and maybe pay a transfer fee here and there occasionally).