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How much is BFC worth?
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tangerinejezza Away
Pottys stalking victim

Posts: 22,816
Joined: Jun 2012
Post: #76
RE: How much is BFC worth?
(26-11-2017 08:23)Nobber Wrote:  Selfish twat.

Every time you post on here, I think this fuckwit can’t get any thicker. Amazingly you manage it every time!
26-11-2017 08:40
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Bally Offline
1 = 20

Posts: 20,413
Joined: Mar 2012
Post: #77
RE: How much is BFC worth?
(26-11-2017 08:40)tangerinejezza Wrote:  Every time you post on here, I think this fuckwit can’t get any thicker. Amazingly you manage it every time!

His whole arguement and contribution to this forum is based on the fact that he is a thick cunt.
26-11-2017 08:44
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Leesthedaddy Online
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Post: #78
RE: How much is BFC worth?
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26-11-2017 09:51
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North Shore Dude Offline
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Post: #79
RE: How much is BFC worth?
Fishing_smilie-3
26-11-2017 09:57
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Nobber Offline
Oyston is a genius

Posts: 929
Joined: Jul 2013
Post: #80
RE: How much is BFC worth?
(26-11-2017 08:40)tangerinejezza Wrote:  Every time you post on here, I think this fuckwit can’t get any thicker. Amazingly you manage it every time!

(26-11-2017 08:44)Bally Wrote:  His whole arguement and contribution to this forum is based on the fact that he is a thick cunt.
So you two are also applauding that your club may be going bankrupt?

I'm sure there are many more supporters who just hope that the Oystons sell and the new owner keeps the club going.

Slightly better than the club ceasing to exist? How thick of me!
26-11-2017 20:05
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tangerinejezza Away
Pottys stalking victim

Posts: 22,816
Joined: Jun 2012
Post: #81
RE: How much is BFC worth?
(26-11-2017 20:05)Nobber Wrote:  How thick of me!

Finally! Something you said is true.
26-11-2017 20:28
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Bally Offline
1 = 20

Posts: 20,413
Joined: Mar 2012
Post: #82
RE: How much is BFC worth?
(26-11-2017 20:05)Nobber Wrote:  So you two are also applauding that your club may be going bankrupt?

I'm sure there are many more supporters who just hope that the Oystons sell and the new owner keeps the club going.

Slightly better than the club ceasing to exist? How thick of me!

Jolly good. Now run along and play with your willy until mummy says you've had enough for today. Good lad
26-11-2017 21:05
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Nobber Offline
Oyston is a genius

Posts: 929
Joined: Jul 2013
Post: #83
RE: How much is BFC worth?
(26-11-2017 21:05)Bally Wrote:  Jolly good. Now run along and play with your willy until mummy says you've had enough for today. Good lad

Thanks for not answering the question ballbag Wink
28-11-2017 10:29
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McPoolmob Offline
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Post: #84
RE: How much is BFC worth?
Question... How does a potential buyer of a football club know that we are up for sale?
29-11-2017 07:50
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Tangerinenick Offline
Old Skool

Posts: 4,343
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Post: #85
RE: How much is BFC worth?
Well after today's court hearing who knows...
29-11-2017 16:52
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McPoolmob Offline
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Post: #86
RE: How much is BFC worth?
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Blackpool: Season in the sun
Posted by The Baron


Karl Oyston, Blackpool’s controversial chairman, has put the club up for sale, http://www.bbc.co.uk/sport/football/41944602 following losing a legal case with fellow investor Valeri Belokon.

After the court ruling, in which Oyston and his father, Owen, were ordered to pay Belokon £31.5 million, both Oystons’ had their assets seized. https://www.theguardian.com/football/201...ri-belokon

Reliable information as to the extent of the Oyston family wealth is hard to ascertain, as between them as Owen Oyston has at least 40 directorships according to Companies House.

Love them or loathe them (and 99% of football fans put the Oystons into the second category) the Oyston empire has many tentacles, but valuing the sum of all the individual elements is difficult.

One approach to unravelling the involvement of the football club in all this is to look at the accounts in the years since the club became members of the Premier League.

Yet the accounts to an extent paint a mixed picture as to the drivers of what initially appears to be a profitable business.

Some of the transactions do support the view, taken by disaffected fans, that the Oystons were using the riches of the one season in the Premier League and the subsequent parachute payments to subsidise other elements of the family business.

The best place to probably start is the impact of Premier League status on the profit and loss account of the football club.



One year before promotion in 2010 the club had sneaked under the radar into the Premier League via the Championship Playoffs, beating Cardiff 3-2 at Wembley.

No one expected them to stay up in the Premier League, as Karl Oyston had initially won over the those who claim that players are overpaid by saying that there would be a wage cap.

Initially, Oyston’s stance against high player wages found favour in the media and amongst fans, and this coincided with a decent start for Blackpool in the Premier League.

Soon the problems of struggling to compete in the player market caught up with the team, who were relegated, despite still being outside of the drop zone at the end of April 2011.

A look at the club wage bill showed that with a wage bill of over £24 million, almost twice that of the previous season.

Careful review of the wage note in the accounts then showed that within the total was £11 million to the highest paid director of the club, almost certainly Karl Oyston.



Underdogs Blackpool’s wages for the remainder of the staff, at £13.6 million, were just 7% of those of the club that won the Premier League, Chelsea, with £191 million, and a Premier League average of £79 million.

Net profit for Blackpool, even after paying out the large sum to Karl Oyston, was over 20 million, more than wiping out the modest losses made by the club in previous years.



The accusation made by the Oystons’ critics is that the benefits of being in the Premier League in subsequent years, in the form of parachute payments, were used to subsidise other companies owned by the Oyston family.

How much was promotion worth to Blackpool? The TV money from the one season in the Premier League, and then four years of parachute payments came to £101 million. The court concluded that nearly £27 million of this ended up in companies controlled by the Oystons.



In doing so, it would appear that Valeri Belokon, who originally bought 20% of the club in 2006 for £4.5 million, was disadvantaged by such transactions with Oyston companies. This is because diverting money to other Oyston controlled companies reduced the profits of the club, and also the value of his investment.

How much the Oystons can realistically expect to receive for the club is open to question. As someone who has been involved in the sale of distressed businesses in the past, I’m aware that potential buyers will take advantage of the seller’s need for cash, and bid as low as possible accordingly. Unless there are a large number of interested parties, the club could be sold for a pittance.

With no parachute payments to look forward to, Blackpool, who have been subject to a fan boycott in recent years as part of the NAPM (Not A Penny More) campaign led by the superbly named Tangerine Knights, to starve the Oystons of cash, are difficult to benchmark in terms of a realistic revenue figure from matchday sales.

Attendances this season are averaging just over 4,000, but have been as low as 2,600. This suggests the boycott is having an impact.

If the club is losing money week to week as a result, then the Oystons will be under greater pressure to sell the club as they may struggle to subsidise it from their other business interests, given the court ruling (which they are appealing).

This would be ironic, as the football club would appear to have been subsidising the other parts of the Oyston empire in recent years. There’s a case for saying that the club could be sold for as little as £1, with additional payments linked to future success, just to get the operational losses off the back of the present owners

Where will it all end? The lawyers and other business advisors will certainly have had a happy time from all of this, as legal costs are estimated to run into millions. Blackpool fans will just be hoping for a football club they can get behind under a new owner, and perhaps make some signings in January to give the club a chance of making the playoffs.

Valeri Belokon’s ambitions are unclear, he could conceivably buy the remainder of the club, but will the family sell to him. The intentions of the Oystons, whose credibility and integrity were questioned by the judge in the legal proceedings, are also open to question.

The whole issue calls into question the credibility of the Football League Owners and Directors tests, which are aimed at preventing abuses of stewardship by senior club officials. There’s not a happy ending to this story as yet, although the fans’ are hopeful of a return to the days when the most distressing thing about supporting their club is finding out that Mike Dean is the referee and is almost certainly going to ruin their Saturday afternoon with some attention seeking decisions.
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(This post was last modified: 29-11-2017 23:20 by McPoolmob.)
29-11-2017 23:18
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GynnSquarePhoenix Online
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Post: #87
RE: How much is BFC worth?
^ One of the best posts ever.

They sorta paid Owen as a player in the Premier League by hiding his 11 mil wages in the official player budget.

Blackpool football club, on paper, will probably be sold for a pound.


I hope there's a good book written about it in my lifetime.

______________________________________________

Tumbleweed
30-11-2017 03:06
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McPoolmob Offline
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Joined: Jan 2014
Post: #88
RE: How much is BFC worth?
This ^
Wouldn't it be ironic if the club did sell for a Pound?
30-11-2017 12:09
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Jams80 Offline
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Joined: Nov 2012
Post: #89
RE: How much is BFC worth?
I can see the club and bfc properties being handed over as part payment. That's the way it looks at this stage anyway
30-11-2017 13:26
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Rimm-BFC Offline
ne santīma vairāk

Posts: 2,290
Joined: Mar 2012
Post: #90
RE: How much is BFC worth?
This is fuckin' brilliant reading PopcornPopcornCheers

TICK TOCK LaughLaughLaughLaughLaughLaugh
30-11-2017 20:40
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