dougie247 Posted October 1, 2015 Report Share Posted October 1, 2015 (edited) Anyone else read this article yet? Was a bit shocked to see us rated as being worth more than Dundee Utd?? Surely cant be right.. Also see that Dundee Fc are listed as a minus.. wonder how long before they go overboard again http://www.scotsman....worth-1-3903530 FOOTBALL is a multi-billion pound global business but its riches are not evenly spread among clubs. While the English Premier League reaps the rewards of its record-breaking television deal, teams north of the border have had cut to their cloth to suit their means in the last 10 years. Several Scottish clubs have had spells in administration with some reportedly coming within hours of going out business altogether. It is not all doom and gloom, however. The 2015 edition of the respected BDO’s Annual Survey of Football Finance Directors Report suggests that clubs have got their finances in order and have embraced a new era of prudence. All Scottish Premiership clubs surveyed said they were not raising funds by selling off future earnings, such as advances on season tickets or media income or player transfer fees. Charles Barnett, professional sports group partner at BDO, commented: “It is clear that the financial lessons of the last decade which saw several Scottish football clubs go into administration have been learnt. “There is a much greater understanding and will to ensure financially security in the years to come. Clubs know they cannot borrow now to fund future success and have responded accordingly. “They are also much more aware of the need to develop new sources of income where possible.” The Scotsman has compiled the net worth of the Scotland’s leading clubs from information calculated by companycheck.co.uk, the UK’s most used online business data provider. ABERDEEN - £7.3 million The Dons have enjoyed a renaissance on the pitch under manager Derek McInnes. A series of sold-out games at Pittodrie will have pleased the club’s board of directors as well. CELTIC - £46.6 million The reigning Premiership champions may have missed out on qualification for the Champions League group stages for the second year in succession, but prudent financial stewardship ensures the Hoops remain Scotland’s most valuable club by some distance. DUNDEE - minus £115,000 Companycheck rates Dundee as having a net worth of minus £115,000 once the club’s liabilities are deducted from its assets. The Dens Park club have endured several spells of administration since the turn of the century but are now enjoying a period of relative stability under the management of Paul Hartley. DUNDEE UNITED - £1.1 million The Terrors are currently without a manager after Jackie McNamara’s departure last weekend. The sale of several first team stars has tried fans’ patience but has significantly reduced the club’s debt. HAMILTON ACADEMICAL - minus £102,700 A net worth of minus £102,700 does not reflect Accies’ reputation as one of the shrewdest clubs in Scotland. Despite having one of the smallest average supports the club has profited from the sale of several players in recent years. HEARTS - £1.1 million Under the ownership of Vladimir Romanov, Hearts were known for paying extravagant wages to players. Those days came to abrupt end when the club entered administration in 2013 with debts of £25 million. The Jambos are now enjoying a fresh start under chairwoman Ann Budge and swept to the Championship title last year. HIBERNIAN - £14.9 million While avoiding the financial scrapes of their city rivals Hearts, Hibs still found themselves relegated from the top flight in 2014. Despite significant investment in the club’s infrastructure, the Hibees have endured a lean few years on the park and face a battle with Rangers to secure promotion at the second time of asking. INVERNESS CALEDONIAN THISTLE - £291,800 This has been a year to remember for fans of the Caley Jags. John Hughes led the club to its first major trophy success in May when it won the Scottish Cup courtesy of a 2-1 win against Falkirk. KILMARNOCK - £10.9 million Killie fans have made their displeasure with the Rugby Park board known in recent years and a poor start to the season has not helped the mood in Ayrshire. MOTHERWELL - £737,400 The Steelmen are also looking for a manager after the departure of Ian Baraclough following a cup defeat at Morton. The Lanarkshire side have bounced back considerably from their 2002 administration and remain on a solid footing PARTICK THISTLE - £4.5 million The Maryhill Magyars have seen their average home attendances drop in recent seasons despite a return to regular top flight football. RANGERS - £31.5 million The Glasgow giants endured years of financial uncertainty which culminated in the liquidation of the club’s former corporate identity in 2012. Although not in the Premiership the Gers are now under new ownership and look favourites to win the Championship this season and reclaim their place in the top flight. ROSS COUNTY - £3.5 million The rise of Ross County from Highland League origins has been one of Scottish football’s success stories and the Staggies are now firmly established as a top flight team. ST JOHNSTONE - £1.8 million The Saints are in robust health on and off the pitch. The Perth team tasted Scottish Cup glory for the first time in 2014 and under manager Tommy Wright are now a good bet to secure another top six finish. Edited October 1, 2015 by dougie247 Quote Link to comment Share on other sites More sharing options...
Mr Bunny Posted October 1, 2015 Report Share Posted October 1, 2015 There is nothing in that article explaining how the value of the club is calculated and so the rest of it is meaningless. 2 Quote Link to comment Share on other sites More sharing options...
The Cup Posted October 1, 2015 Report Share Posted October 1, 2015 Rangers - £31.5 million? I assume they mean- Rangers - -£31.5 million. Quote Link to comment Share on other sites More sharing options...
eljaggo Posted October 1, 2015 Report Share Posted October 1, 2015 I do not know what these amounts signify. I suspect that they are total assets net of all liabilities, including fixed assets such as stadia, land and possibly clubs' estimates of player market values, as well as liquid assets. If I'm right, they are pretty meaningless w.r.t running the club on a day to day basis. Quote Link to comment Share on other sites More sharing options...
BowenBoys Posted October 1, 2015 Report Share Posted October 1, 2015 (edited) A great piece by Chris McCall. Filled a sizeable space in the paper with very little journalistic effort. Edited October 1, 2015 by BowenBoys 1 Quote Link to comment Share on other sites More sharing options...
The Earl of Hathaway Posted October 1, 2015 Report Share Posted October 1, 2015 How the eff are Killie worth £10.9 mill? Quote Link to comment Share on other sites More sharing options...
potty trained Posted October 1, 2015 Report Share Posted October 1, 2015 How the eff are Killie worth £10.9 mill? That hotel? I wonder how much Firhill Developments are worth. Quote Link to comment Share on other sites More sharing options...
Norgethistle Posted October 1, 2015 Report Share Posted October 1, 2015 Think the figures are taken from Championship Manager Quote Link to comment Share on other sites More sharing options...
Dick Dastardly Posted October 1, 2015 Report Share Posted October 1, 2015 A quick check on the link given then search for Partick Thistle .....https://www.companycheck.co.uk/search?term=Partick+Thistle ..... and you will see that the figures are taken from the company accounts. Quote Link to comment Share on other sites More sharing options...
Mr Bunny Posted October 1, 2015 Report Share Posted October 1, 2015 Rangers - £31.5 million? I assume they mean- Rangers - -£31.5 million. I also assume that "reclaim" means get there for the first time as a new club" Quote Link to comment Share on other sites More sharing options...
Mr Bunny Posted October 1, 2015 Report Share Posted October 1, 2015 (edited) That hotel? I thought they gave that hotel to the bank in exchange for writing off a lot of their debt? RE Thistle we seem to be getting close to a £1m debt situation again though the info linked to by DD won't include any money made from selling Hendry. If a lot of these figures are based on club valuations of grounds (and i can't think what else they can be) we all know that grounds only have value as football stadiums unless they are lucky enough to be in a good town location when money is sloshing about the economy. In other words the value is speculative and they may be worth far less. Possibly only Hamilton (and maybe Celtic) are being honest about this. Edited October 1, 2015 by Mr Bunny Quote Link to comment Share on other sites More sharing options...
Norgethistle Posted October 1, 2015 Report Share Posted October 1, 2015 A quick check on the link given then search for Partick Thistle .....https://www.companycheck.co.uk/search?term=Partick+Thistle ..... and you will see that the figures are taken from the company accounts. Of our assets are circa £350k our debt is circa £850k how can we be worth £4.5 million surely our ground is part of the assets Quote Link to comment Share on other sites More sharing options...
Jagsman Posted October 1, 2015 Report Share Posted October 1, 2015 we must have saved a bit of money over last 13 games without giving out win bonuses and this season with lack of goals and assists Quote Link to comment Share on other sites More sharing options...
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