The Manly sea eagles are said to be worth 15 - 20 Milliion Dollars. Does any one know how much we’re worth??
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seriouse answers need only reply.
Where was this valuation revealed ?
This morning on fox sports.
They were offered $18 Mil for the club and rejected the offer. so i am curiouse to know what we would be worth? Have a stab?
On its current financials, it would be a penny stock - however realistically I reckon Parra would draw interest within that same ballpark.
Valuing any business is difficult enough, but a loss-making Rugby League club is pretty much throw a dart territory.
Brisbane are the club you can look to, to do proper valuations given their ASX listed. They made a $2m after tax profit on revenues of nearly $52 million. However, that had a lot to do with accounting issues such as depreciation on their new facility and they've shown they're capable of making a $4 million profit, which they should be in relateively good shape to return to this year if they perform as well as their roster should indicate they should. They currently have a market cap of $45m so they're trading on after tax multiples of 10 to 20 times, which in itself shows the emotional upside of being a Rugby League team. Those kinds of multiple are usually reserved for high-growth companies.
Given Parra is non-profit and a fair way off it, you're top line valuation would have to be on a revenue multiplier, which would give Parra a valuation in the high teens, which is pretty much the figure talked about with Manly. From memory, Manly had some club assets within its business, though, which skews that.
Thanks Phil as long as were worth more than manly i good with that.
100 million plus
16 wooden spoon stirred in
The problem is you can't ever make too big a profit, because you have to spend the money to keep the team competitive. If you cut back on your football department, your results are going to suffer - especially as you're dealing with clubs who literally are able to run at a loss because their subsidised by Leagues Clubs.
Even you said once that "Parra should be the big swinging d*ck of the NRL".
I agree with you Fongy.
Just taking into account that we're the club with 3rd most memberships whilst being the least successful in the comp over time shows the potential we have just from our supporter base alone. Thousands of Parra fans are hiding in the woodworks embarrased about the clubs fortunes in the last decade.
If only we had our own "Uncle Nick".
If I'm not mistaken, I read that last year Parra had the highest average tv viewership than any other club. Can anyone confirm this?
The question is...if every club stood on its own two feet, what size TV deal could Parra seal compared to other clubs? I think it would be very high and definately higher than the average that each team takes from "pie" which is shared equally. This tells me other teams "sponge off" the likes of the Broncos, Parra, Souths etc.
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