Apologies for my part encouraging this awful thread, or last couple of pages, clearly if we had £25m of debts someone would happily take that on and chose one of the options above to facilitate that. Nobody would baulk at paying or writing off £25m. The debt would be irrelevant.
@DevC said:
You are the owner of Colchester @StrongestTeam
You are “owed” £25m
You are bored of it now
What do you do now?
How would that differ if you were owed £5m
Really? Ok, one last time...
£25m is more than £5m and far closer to the inherent value of a football club of that size.
It is going to be easier to find someone or several people with a spare £5m than a spare (and wholly unrealistic £25m), or with the ability to service some or all of that debt.
More existing owners would be able to write off a portion of £5m than of £25m within a portfolio of investments.
If I had run up debts way above earnings and inherent value I'd have more trouble convincing someone else that they should get involved and could make a go of the business as a going concern.
In the same scenario I would struggle more to attract investment, loans or help if it was imagined that I had been pissing money against a wall for years for my own gratification rather than running a business or community club.
There's others, you know this but you'd rather reframe the question and wouldn't admit if you did agree to most of this so that'll do.
Comments
Apologies for my part encouraging this awful thread, or last couple of pages, clearly if we had £25m of debts someone would happily take that on and chose one of the options above to facilitate that. Nobody would baulk at paying or writing off £25m. The debt would be irrelevant.
You are the owner of Colchester @StrongestTeam
You are “owed” £25m
You are bored of it now
What do you do now?
How would that differ if you were owed £5m
Really? Ok, one last time...
£25m is more than £5m and far closer to the inherent value of a football club of that size.
It is going to be easier to find someone or several people with a spare £5m than a spare (and wholly unrealistic £25m), or with the ability to service some or all of that debt.
More existing owners would be able to write off a portion of £5m than of £25m within a portfolio of investments.
If I had run up debts way above earnings and inherent value I'd have more trouble convincing someone else that they should get involved and could make a go of the business as a going concern.
In the same scenario I would struggle more to attract investment, loans or help if it was imagined that I had been pissing money against a wall for years for my own gratification rather than running a business or community club.
There's others, you know this but you'd rather reframe the question and wouldn't admit if you did agree to most of this so that'll do.
Have I understood you correctly that you think a debt free Colchester United is worth somewhere between £15m and £25m? Wow.
but Ok, pick a number you think it’s worth. What do you do if you want out and are owed £25m. What if you are owed £5m?
Is it just me but if I imagine @DevC’s posts read in Terry Jones’s best Monty Python voice it makes a lot more sense
If I was as wealthy as Richard Branson I doubt I would give a monkey's!
Is this a five minute argument or the full half hour?
No, it's the Spanish Inquisition.
Are you lot still going on?