Paul Youane wrote:
I won't bother asking the difference between something being "valued" and a "valuation".
As for the note - isn't that the same one that was made to Wigan's accounts the other year? As has come to light from the Bradford episode these liabilities are not quite in the millions that some people so wanted to believe. In fact Bradford's as one of the worse offenders is £250k.
Either way that's the last post from me in relation to the sematics of accountancy terms. If you want to believe that a rugby stadium has little or no value/worth/asset to a rugby club then you are seriously deluded.
I do believe that the link to the Deloitte's article about rugby union finances has a lot more merit to the discussion on Bradford's unfortunate position than the last two pages of posts.
Actually there isn't much on value of a club with the stadium. The issue is that the stadium only comes into play when someone wants to set up a new club. If the club goes into liquidation and asset stripping takes place to recover debt then the stadium is valued based on land, typically. This is because, unless the buyer wants to start their own sports club, the stadium isn't easy to redevelop into something else. For example a warehouse space has many uses like the go kart track at bank quay in Warrington or a factory or of course another warehouse. A stadium is a stadium.
However you're half right as, of course, if someone is valuing the club based on being sold as a business it does count as it would be used as a stadium still if the club were sold. It all depends on the context it was meant in and I can't be bothered reading it all tbh.
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