Odsal : Wed Jul 11, 2018 3:30 pm  

So the RFL has announced that it has dropped the valuation of Odsal from the £1.25m by £400k down to £850k.

I'm intrigued. What could have caused such a swingeing reduction in "market value"?

Anybody got any suggestions what's behind this?

Re: Odsal : Wed Jul 11, 2018 3:41 pm  

When was it last valued? When they bought it from Hood?

Re: Odsal : Wed Jul 11, 2018 8:49 pm  

Generally it's normal accounting procedure to reduce the costs of your assets reduces your tax liability, helps to show profits are less than they actually are, thats if I've remembered right. Long time since I retired.

Re: Odsal : Wed Jul 11, 2018 8:50 pm  

Ferocious Aardvark wrote:

What could have caused such a swingeing reduction in "market value"?

Anybody got any suggestions what's behind this?

Less iconic than it used to be?

Re: Odsal : Wed Jul 11, 2018 9:10 pm  

I think this devaluation of Odsal has been brought about by the speedway thread.

[Bulliac]

Re: Odsal : Thu Jul 12, 2018 8:59 am  

I don't know the ins and outs of accountancy (and assuming that only sporting considerations are used in making these valuations?) but if you consider the improvements to other grounds and the lack of them at Odsal then you'd have to think the price would drop when compared to others.

Of course, we should also remember that it would be the value of their lease to Odsal which has been devalued not the ground itself, and if, as has been supposed, they are currently getting lower (no?) rent this might affect the valuation?

Re: Odsal : Thu Jul 12, 2018 10:47 am  

Marvin Goolash wrote:

I think this devaluation of Odsal has been brought about by the speedway thread.

I know that the RFL are skint now, but they're not getting any of that money they gave to me for being a Bulls fan back.