GeneralMelchett Posted Thursday at 10:02 PM Report Share Posted Thursday at 10:02 PM 57 minutes ago, RoundTheBoards said: Has anyone closer to Ipswich got any information on the sale of the club and the prospect of Ipswich being able to come to the tapes in 2026? All I'm hearing is that there's still the same consortium (which involves at least one sponsor - but not Guy Nicholls) that is interested in buying it, with an offer they put in a while back, but Chris Louis is still pondering the next move. Is he putting an unrealistic value on the club because he doesn't want to quit? Companies House values the club balance sheet at £3,417, but rumour has it that Louis is asking for about 60 times this amount! based on your summary of value Sheffield will be paying people to buy the club!!! 3 Quote Link to comment Share on other sites More sharing options...
Jonny the spud Posted Friday at 05:44 AM Report Share Posted Friday at 05:44 AM 8 hours ago, RoundTheBoards said: Has anyone closer to Ipswich got any information on the sale of the club and the prospect of Ipswich being able to come to the tapes in 2026? All I'm hearing is that there's still the same consortium (which involves at least one sponsor - but not Guy Nicholls) that is interested in buying it, with an offer they put in a while back, but Chris Louis is still pondering the next move. Is he putting an unrealistic value on the club because he doesn't want to quit? Companies House values the club balance sheet at £3,417, but rumour has it that Louis is asking for about 60 times this amount! More to the point, will they have any riders ? 1 Quote Link to comment Share on other sites More sharing options...
1 valve Posted Friday at 08:38 AM Report Share Posted Friday at 08:38 AM (edited) 11 hours ago, RoundTheBoards said: Chris Louis is still pondering the next move. Is he putting an unrealistic value on the club because he doesn't want to quit? Companies House values the club balance sheet at £3,417, but rumour has it that Louis is asking for about 60 times this amount! When selling/buying a business as a going concern the balance sheet, although interesting is not the prime consideration. “Operating profit” is the figure used to value a business i.e the profit made before accounting for interest and tax. In some instances depreciation is also excluded. Depending on the likely growth prospects a multiplier of between 4x (poor) & 8x (good) of the operating profit would be used to value the business. Using your calculation, it would appear Louis is asking £200k for his business so using a moderate 6x multiplier it would indicate an annual profit (before tax & interest) of £33k. This would yield a gross return of 16.6% on the £200k investment which appears about right considering the state of UK speedway and the risk of investing in a volatile industry. Edited Friday at 08:52 AM by 1 valve Quote Link to comment Share on other sites More sharing options...
YeOldPitGate Posted Friday at 09:38 AM Report Share Posted Friday at 09:38 AM 11 hours ago, GeneralMelchett said: based on your summary of value Sheffield will be paying people to buy the club!!! As we have said before what are you buying other than the equipment and the air fence which can't be more than 10-20k . Quote Link to comment Share on other sites More sharing options...
noaksey Posted Friday at 09:45 AM Report Share Posted Friday at 09:45 AM I'd imagine much will depend on what security of tenure the Witches have at Foxhall and how any buyer perceives the future of speedway The fact that Ipswich may be able to show historical figures that are positive doesn't mean the future ones will be I certainly wouldn't be punting 200k at this time or indeed anything substantial 1 Quote Link to comment Share on other sites More sharing options...
hammer1969 Posted Friday at 09:48 AM Report Share Posted Friday at 09:48 AM Link to Jason Doyle interview with BBC Suffolk https://www.bbc.co.uk/sport/motorsport/articles/ce86gxg9wldo 1 Quote Link to comment Share on other sites More sharing options...
IainB Posted Friday at 09:59 AM Report Share Posted Friday at 09:59 AM 10 minutes ago, hammer1969 said: Link to Jason Doyle interview with BBC Suffolk https://www.bbc.co.uk/sport/motorsport/articles/ce86gxg9wldo "If someone had bought the club who I'd want to work with, then I'd probably have said no to riding in Sweden but it hasn't come about - there's no buyers at the moment." That's a killer sentence! 2 Quote Link to comment Share on other sites More sharing options...
Youhave2minutes Posted Friday at 10:43 AM Report Share Posted Friday at 10:43 AM (edited) New consortium. Thank the lord Edited Friday at 10:44 AM by Youhave2minutes Quote Link to comment Share on other sites More sharing options...
YeOldPitGate Posted Friday at 11:56 AM Report Share Posted Friday at 11:56 AM 1 hour ago, Youhave2minutes said: New consortium. Thank the lord Are they all chucking in £50 each to get the deal over the line ? 1 Quote Link to comment Share on other sites More sharing options...
1 valve Posted Friday at 12:37 PM Report Share Posted Friday at 12:37 PM 2 hours ago, YeOldPitGate said: As we have said before what are you buying other than the equipment and the air fence which can't be more than 10-20k . The owners would not be selling only “fixed assets” but selling a “going concern” to include the assets and “good will” being an intangible value representing its brand, loyal customers, reputation and license to trade in speedway. Of course if no buyer can be found and the business closes then the “assets” are all that remains to be sold off in order to meet money owed to creditors. 1 Quote Link to comment Share on other sites More sharing options...
WembleyLion Posted Friday at 02:48 PM Report Share Posted Friday at 02:48 PM 4 hours ago, noaksey said: I'd imagine much will depend on what security of tenure the Witches have at Foxhall and how any buyer perceives the future of speedway The fact that Ipswich may be able to show historical figures that are positive doesn't mean the future ones will be I certainly wouldn't be punting 200k at this time or indeed anything substantial I agree with your final paragraph and at the end of the day it is only worth what someone is willing to pay. Where there is a very limited market of potential buyers (as with a Speedway promotion) the seller is not in a particularly strong position when it comes to getting a price that they may wish to achieve. Quote Link to comment Share on other sites More sharing options...
ShanoXtra Posted Friday at 10:11 PM Report Share Posted Friday at 10:11 PM 9 hours ago, 1 valve said: The owners would not be selling only “fixed assets” but selling a “going concern” to include the assets and “good will” being an intangible value representing its brand, loyal customers, reputation and license to trade in speedway. Of course if no buyer can be found and the business closes then the “assets” are all that remains to be sold off in order to meet money owed to creditors. So basically the licence then. Quote Link to comment Share on other sites More sharing options...
ShanoXtra Posted Friday at 10:13 PM Report Share Posted Friday at 10:13 PM At this stage, if we did ride in 2026 I’d be happy with this team if it fits the points criteria: 1. Brennan 2.King 3.D Thompson 4.Jenkins / Edwards 5.Rew 6.Ellis (if he rides) 7.Rushen Quote Link to comment Share on other sites More sharing options...
kevin bass Posted Friday at 10:31 PM Report Share Posted Friday at 10:31 PM 17 minutes ago, ShanoXtra said: At this stage, if we did ride in 2026 I’d be happy with this team if it fits the points criteria: 1. Brennan 2.King 3.D Thompson 4.Jenkins / Edwards 5.Rew 6.Ellis (if he rides) 7.Rushen Dan Thompson will be at Leicester Quote Link to comment Share on other sites More sharing options...
dontforgetthefueltapsbruv Posted Friday at 10:46 PM Report Share Posted Friday at 10:46 PM 14 minutes ago, kevin bass said: Dan Thompson will be at Leicester Think that was agreed in August..... Quote Link to comment Share on other sites More sharing options...
Arthur54 Posted Friday at 10:49 PM Report Share Posted Friday at 10:49 PM 36 minutes ago, ShanoXtra said: At this stage, if we did ride in 2026 I’d be happy with this team if it fits the points criteria: 1. Brennan 2.King 3.D Thompson 4.Jenkins / Edwards 5.Rew 6.Ellis (if he rides) 7.Rushen Good championship team as well 3 Quote Link to comment Share on other sites More sharing options...
dontforgetthefueltapsbruv Posted Friday at 10:55 PM Report Share Posted Friday at 10:55 PM 3 minutes ago, Arthur54 said: Good championship team as well It should be as it would total 55+ Stick to your South Coast small pond bully boys without the balls to take on the big boys 1 3 Quote Link to comment Share on other sites More sharing options...
flagrag Posted Friday at 11:02 PM Report Share Posted Friday at 11:02 PM 48 minutes ago, ShanoXtra said: At this stage, if we did ride in 2026 I’d be happy with this team if it fits the points criteria: 1. Brennan 2.King 3.D Thompson 4.Jenkins / Edwards 5.Rew 6.Ellis (if he rides) 7.Rushen Dan will not be a Ipswich and Cooper will be in another part of East Anglia Quote Link to comment Share on other sites More sharing options...
Arthur54 Posted Friday at 11:13 PM Report Share Posted Friday at 11:13 PM Been there, done that, look at the record books Quote Link to comment Share on other sites More sharing options...
YeOldPitGate Posted Friday at 11:18 PM Report Share Posted Friday at 11:18 PM 14 minutes ago, flagrag said: Dan will not be a Ipswich and Cooper will be in another part of East Anglia You seem in the know Flagrag is there any hope you have heard about in the current sea of darkness for the premier league ? Quote Link to comment Share on other sites More sharing options...
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