Quotedosent longford own its own ground and land around it so worth cretainly more than that ya plankOriginally Posted by roinuj
Considering our property was worth over 4 million before we put in the astro pitch and bar paying for said pitch, we have no real debts, I think we would get a wee bit for our club.
dosent longford own its own ground and land around it so worth cretainly more than that ya plank
Last edited by Acornvilla; 01/11/2009 at 8:40 PM.
Savage.cretianly
Waterford the second most valuable club in Ireland?
Its really best to ignore anything Waterford related this roinuj lad says.
Lets redefine what it means to heal
land in longford is worth next to nothing and the population is very small.dosent longford own its own ground and land around it so worth cretainly more than that ya plank
you could pick up around 10 acers of land up that part of the country for around 2000 euro.
where as waterford united have a ground rent free for life and is surronded by over 100,000 people and are debt free, unlike most other clubs in the league.
thats what im baseing the value of clubs on.
the reason i priced cork at zero value is because they are up to their balls in debt and are paying the munster senior league a fortune in rent for turners,
where do you get that figure from? and would it not depend also on where in the county the land is situated would it not?
Unless you have, as one poster said, 30million in the bank it would be pointless "buying" a LOI club. You need to invest over 10 years and hope the fans support what you're doing and that you end up each year in Europe (winning a round every 2nd year). There is no profit to be made, at present, from owning an Irish club. Community clubs are a way forward, and this could end up being a good, if safe, investment.
So you're saying a club with no assets(Waterford) is worth more than a club with solid assets (Longford) ?
Have you been working on the Derry City accounts recently.....?
i mean id rather invest a club (waterford united) with very little overheads which is based in a city of over 100,000 population and who are living rent free for life in one of the most modern grounds in the country,So you're saying a club with no assets(Waterford) is worth more than a club with solid assets (Longford) ?
Have you been working on the Derry City accounts recently.....?
rather then investing in a club whos ground is out in the middle of the sticks 3 miles from a one hotel town with next to nobody living there.
Today I lol'd.
The Flansiro is easily one of the best stadia in the country. Stop letting your heart rule over your head, it'll **** you up in the long term.
If Waterford is the vast metropolis you seem to think it is in comparison with Longford, then where are the extra thousands flocking in the gate at your home games?
This really has descended into my piece of string is longer than yours hasn’t it, but unfortunately there are so many if’s and buts there isn’t a simple answer, each club would be assessed on its own merits.
There are 2 reasons for buying something like a football club, as an investment or as a hobby and the price paid will probably depend on which category you fall into.
While technically correct in the traditional method of valuations, someone like Longford who own their ground should be worth more on paper. This assumes that the ground isn’t mortgaged to any great extent & the club who don’t own their ground don’t have any other assets of significant value.
Basing the valuation on assets less liabilities plus a profit factor would render any LOI club without its own ground unviable for purchase simply because none of them make a profit (Open to correction here but I seriously doubt it’s the case!).
What this fails to take into account the potential for growth, the problem with this is that any potential for growth for an individual club is linked to the potential for growth of the league itself. Given the current financial plight affecting Derry, Cork etc. and the general state of finances in the country; it’s difficult to see the league pulling out of its current malaise.
If you’re an investor looking to make money out of the LOI I would suspect that you need to reassess your investment portfolio. If I supported a club with its own ground and had “investors” looking to take ownership I would be more than a tad concerned.
If you’re buying in as a hobby, check out the annual losses, do a discounted cashflow on where you’ll be in 10 years time and see if you can afford it, if not take up golf!
Any "investor" looking to make money out of football is doomed from the start.
That is the long and the short of it.
You do it for other reasons - the local respect and glory. You might just do it as a fan if you are rich enough.
That's the nuts and bolts, I would be very suspcious of the motives of someone who said they were an investor looking to buy into a club, especially if the ground was in a town or city centre.....
Which, by extension, is why such a person is not really an "investor" in the first place, and I'd like to see the word dropped when referring to these people.
nope. Probobly the most moronic one though
The verb "invest" and "LOI club" should never be used in the same sentence, unless there is a negative in there somewhere before the verb.
You think Waterford has a population of over 100,0000.....!?!?
Divide that by half and you're still way over....
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