Another poor Smurf decision

[Iron Curtain]

Norman is the only current viable option at the minute.

 

How do you know? Norman tell you?

 

That my friend is a blanket statement with no substance or support. And therefore it just your opinion. Which you are entitled to. But it doesn't make it right.

 

The truth of the matter is we don't know who is out there that might be interested. You can't prove a negative... that's a thing.

 

What we can prove is that Norman is doing a bad job. He is failing. Attendances are down, the club is in a shambles and it's his decisions that got us here.

 

So I refuse to accept "you can't think of anyone" as proof that Norman is the answer.

 

If Norman puts a proper valuation on the club and puts it for sale then we would see who is available.

[Iron Curtain]

You would then be a fool losing 2 million

 

Are you saying you would try and sell the house for £2m?

 

Do you know how things/businesses get valued?

[Jacko51]

Would the 1.1 million possibly be to the company that owns the club shop and stadium? I do believe these to be owned to a certain family with the name very similar if not identical to the current owners of Port Vale ?

 

Explain. The club shop is owned by Port Vale Football Club Limited so how can the football club owe money to itself??? The ground is, according to Norman, owned by a separate company and why would the football club owe money to that? I'm confused by your comments.

[davo80]

And you know this because?? It is a company which employs well over 300 people, has expanded enormously since its inception, does business all over the world and makes a profit each year. Compare and contrast.

 

 

 

The club is carrying so much debt at the moment that half its value is about 50p. As a business it is making losses hand over fist every year and is dependent on one man chucking his money down the drain. It is not an attractive proposition. What do you think is the current value of the club?

 

 

 

Then God help us all!

 

Jean fact they don't have the working capital to buy the club, borrowing money to buy a football club? Have we not been here before let's borrow money to buy something that loses money ?

 

The current value is what the current owner puts it up for sale for!

 

Better start saying your prayers then jean

[davo80]

Are you saying you would try and sell the house for £2m?

 

Do you know how things/businesses get valued?

 

I am saying you would be a fool to lose 2 million

 

I am fully aware to how business are valued!

[Iron Curtain]

The current value is what the current owner puts it up for sale for

 

It really really really really really really isn't

[Iron Curtain]

I am saying you would be a fool to lose 2 million

 

I am fully aware to how business are valued!

 

You just said the value is what the seller puts it up for sale for. So I'm not sure you do.

[Iron Curtain]

I am saying you would be a fool to lose 2 million

 

I am fully aware to how business are valued!

 

I agree... Norman is a fool

[davo80]

Explain. The club shop is owned by Port Vale Football Club Limited so how can the football club owe money to itself??? The ground is, according to Norman, owned by a separate company and why would the football club owe money to that? I'm confused by your comments.

 

I have no idea why they could possibly owe money to company that owns the stadium, I was not factually pointing anything out it was a stab in the dark, I am unsure who vale owe money of the value as you point out been 1.1 million

[davo80]

It really really really really really really isn't

 

Sadly it is, when it's owned by one man he can sell it for 50 pence or 50 million

[Jacko51]

Jean fact they don't have the working capital to buy the club, borrowing money to buy a football club? Have we not been here before let's borrow money to buy something that loses money ?

 

That is what you have been told. Are you sure it is the full facts? It only loses money because it is badly run.

 

The current value is what the current owner puts it up for sale for!

 

Wrong. The current value is what someone is prepared to pay for it. I could put my house up for sale for a million quid but no bugger would pay that for it because it's not worth it. And the more Norman keeps on trying to be clever puring money into a failing business, the more money he is going to lose.

[davo80]

You just said the value is what the seller puts it up for sale for. So I'm not sure you do.

 

I think it's you that does not understand

[Jacko51]

I have no idea why they could possibly owe money to company that owns the stadium, I was not factually pointing anything out it was a stab in the dark, I am unsure who vale owe money of the value as you point out been 1.1 million

 

So your previous post on the matter was nonsense. Thank you for clearing that up.

[davo80]

That is what you have been told. Are you sure it is the full facts? It only loses money because it is badly run.

 

 

 

Wrong. The current value is what someone is prepared to pay for it. I could put my house up for sale for a million quid but no bugger would pay that for it because it's not worth it. And the more Norman keeps on trying to be clever puring money into a failing business, the more money he is going to lose.

 

I am not wrong at all, if Norman chooses to put a ridiculous price on the club then that's his value, if someone is stupid enough to buy a club that's lost money for nearly 20 years then more fool them

[davo80]

So your previous post on the matter was nonsense. Thank you for clearing that up.

 

Not sure nonsense, maybe you need to look a bit deeper