Monday 16 January 2012

Write Down of Boleyn's Value

So we are still issuing accounts - not that they have proved to be terribly reliable in the past. For the layman, there is a veritable tangle of figures, some suggesting that things have improved financially, whilst others paint the opposite picture. Of course, the picture will only be clarified at the end of the season. If we remain in the Championship, there could be real trouble. If we have bounced straight back up, the "holiday" may have proved an astute way of forcing cost reductions.

What stands out for me as interesting is the way the value of the stadium and training ground have been written down from £75.6m to £73m. I expect this write down to continue all the way up to the move to the Olympic Stadium as I still believe this is where Sullivan and Gold expect to make their killing. How much are they valuing the Boleyn at exactly? And how much will it be worth when redeveloped?

We will probably only find that out when it is too late.

1 comment:

Deane said...

They are going to fleece the club for sure and all we can do is stand by and (not in my case)watch the shit Allardyce serves up
Lets hope they sell very quickly after promotion and the poor bugger that they con doesn't see his bloody whole country go bust
I would say lighting never strikes twice but this is West Ham the east end barrow boy pot of gold