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This Can't be right

http://www.thesun.co.uk/sol/homepage/sport/football/3855301/Nottingham-Forest-could-be-in-new-hands-by-next-week.html

30M seems cheap to me

posted on 6/10/11

I think 30ms quite respectable to say we make a loss and have to rent own our ground.

Under doughtys regime, if you argue with it or not, it wasnt working. Making losses, little or no investment into new players, and unsuccessful manger selection. Thats worse than some companies that try and buy low and sell high with clubs. Any shake up in this situation apart from a fire sale could only be beneficial.

posted on 6/10/11

I'm not attaching much credence to thisat the moment.

I believe ND will only want to sell to someone who he thinks will uphold the traditional values and ethos of the club. I also believe that he will sell for a nominal sum, nothing like the £30 million quoted, but ask that the terms of his loans to the club are honoured; i.e. that they are repayed within the agreed term (3yrs mostly) or renegotiated.

If ND does sell, and I hope he doesn't; it will probably accelerate my disenchantment with what was once 'The Beautiful Game', and my detachment from Nottingham Forest

posted on 6/10/11

In strictly financial terms the club is worth nothing. Its only assets are the value of the players contracts and the brand name. Fortunately winning 2 European cups has a legacy. The projected income is negative based on historical performance and the liabilities are enormous and way in excess of its assets but dependent on what the owner is prepared to write off. If it was anything but a football club it would just be wound up.

posted on 6/10/11

As a former shareholder I remember the last non NFFC takeover. Ripped off and stripped by a former Spurs chairmen. I gladly let ND takeover at the time as it was the best option for our club. The guy has invested a lot of time, never mind money into this club.

Those who want him out should be careful of what we might end up with.

GBP 30M seems a bit steep. Not sure what you get for your money. Training facilities down at Wilford lane (not sure if we own them or not). Not the ground, that is for sure. So do we have GBP 30M worth of talent?

GBP 30M seems to be buying them the name.

Reading some of the comments, and I see it's the older guys, I think our club is about to be sold off to a business man and not a fan.

Worried? ... you should be

posted on 6/10/11

I for one, would look forward to something like this (if done properly, of course). This could offer alot of potential for our club and move it forward. This is the modern era, time for romance has gone.

posted on 6/10/11

Possibly, the only way to keep up with big boys, sadly.
I'd take that - can't take languishing in the lower leagues for another 12 years!

posted on 6/10/11

Sooner or later one of these "big boys" will lose there benefactor. Then what happens?....

Do you want to be another Portsmouth?

What is needed is a breakaway by these so called big boys into a European league. Then leave the rest on a level playing field to compete against each other. FFP could bring that in.

posted on 6/10/11

I'm not getting excited. Football is now littered with grand, glitzy entrances by foreign owners who "buy into" the supporters values with promises of this and that. Most of the time it goes wrong. Cast your eyes 400 yards over the Trent and say the words "Munto Finance" to get a feel for the chill wind of reality and broken promises.

If it happens, it happens. I can't do anything to stop, but that doesn't mean I like it.

posted on 6/10/11

Jeez Webbo...you're glass half empty, all the time?
Portsmouth is the exception, not the norm.
Don't tar all rich owners with same brush.
Who know's at the moment but please keep your glass half full.

comment by LloydX (U6993)

posted on 7/10/11

"This is the second day the Sun have run this story so there may just be truth in it"

You know, if my wife serves up an awful dinner twice in a row it doesn't mean it tastes any better. Rubbish is still rubbish no matter how much there is.

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