The whole point of the SOB is to find a new buyer who is intent on running the business outside of it’s current financial constraints.
If someone cannot afford to buy it at the going rate then they certainly would not be able to financially subsidise the club.
So what do you think is "
the going rate" ?
IMO, it should be possible to find a consortium of fans with enough business background and money between them to form a decent Board.
But not at any price. (e.g.
Scally's asking price ?)
On the "fans" thread you posted:
There is a recognised formula for valuing a business LSB.
I suppose it depends on whether the seller is looking for top end or bottom end.
That is defined by the motivation of the seller.
It’s similar when selling anything.
When I bought our first house down here in Croyde, the seller was very keen to move back to the midlands so I made a bit of a cheeky offer and to our surprise, it was accepted.
When we bought the next one in Instow, they would not budge a fiver.
For GFC Ltd, do you have an idea of:
a) a formula for a football club ?
b) a "top" and "bottom" ?
And what about a stadium ?
I ask, because it is very frustrating when someone repeats Scally's line of
"no credible offers" without asking whether Scally's
ask is "credible" ?
On the "fans" thread, Trashbat suggested that GFC might be worth £1,000,000 - and justified that amount from the Accounts.
Such an amount should not be beyond a local consortium.
But it is almost certain that Scally wants much, much more.