Sign this to stop Dai Yongge selling Bearwood to Wycombe

[Reading4eva]

https://chng.it/QdDQXCZdQV

[Orion1871]

Change.org

[WestYorksRoyal]

It won't work. All options are futile, but the least bad looks like trying to pressure the Wycombe owner to pull out, perhaps with some of the more skeptical Wycombe fans. I didn't realise yesterday morning that Dai has transferred Bearwood to another of his companies, so the proceeds are not going to the club. We need to push back on the narrative that this deal will save us, as it's not true.

I'd also worry about the deal from Wycombe's perspective. Having a PL training ground in L1 costs a lot of money and has been one of the things killing us financially. How do Wycombe expect to afford it? And what if this Georgian billionaire they're borrowed off takes out a charge on the club? This could well end up being a poisoned pill for them.

So that's the angle to push. Probably has a 1% chance of success max.

[From Despair To Where?]

It won't be owned by Wycombe though. They'll just rent it and that's how the owner will make money from it. They may even try renting it to us too, as it could probably sustain 2 clubs

The other option would be hawking it out by the week to someone like the Brazilian FA as a European training base or one of the NFL teams when they come over to play in London.

[Snowflake Royal]

https://chng.it/QdDQXCZdQV

You really are one of the stupidest people to ever walk this planet.

[Lower West]

I didn't realise yesterday morning that Dai has transferred Bearwood to another of his companies, so the proceeds are not going to the club.

Where has Bearwood been transferred to?

[Reading4eva]

I didn't realise yesterday morning that Dai has transferred Bearwood to another of his companies, so the proceeds are not going to the club.

Where has Bearwood been transferred to?

Dai, surprise surprise, has transferred it to himself.

[Greatwesternline]

It won't be owned by Wycombe though. They'll just rent it and that's how the owner will make money from it. They may even try renting it to us too, as it could probably sustain 2 clubs

The other option would be hawking it out by the week to someone like the Brazilian FA as a European training base or one of the NFL teams when they come over to play in London.

Yeh that is the best use case outside of renting it back to us. But for £25m with a useful economic life of 50 years (standard UEL applied to a building) you need to generate £500,000 a year in rent, just to break even on depreciation, Let alone running costs.

That's asking quite a lot of foreign professional teams occasionally choosing you as a training base for a weekend.

[From Despair To Where?]

We've got the Euros in 2028. Get someone like Germany or France to base there and you could make £5m+ alone out of that. An NFL team would pay £1m for a week.

Use it for corporate events etc. The potential is massive.

[Royal Monkey]

I didn't realise yesterday morning that Dai has transferred Bearwood to another of his companies, so the proceeds are not going to the club.

Where has Bearwood been transferred to?

Dai, surprise surprise, has transferred it to himself.

What if, just what if somehow the Wycombe owner is convinced to pull out of deal and in 2 weeks time the club folds and is liquidated cos the sale of Bearwood was the only way to keep the club going ??
Personally I do lean toward its Dai asset stripping and is gonna liquidate the club anyway but there is many reports saying the sale of Bearwood is essential to keep the club afloat?
Surely the sale of Bearwood would have happened eventually even with a new owner cos as many of said Bearwood and a cat1 academy is not sustainable at league 1 level and is killing us financially and even if club survives I can see us being League 1 at best for quite sometime

[WestYorksRoyal]

It won't be owned by Wycombe though. They'll just rent it and that's how the owner will make money from it. They may even try renting it to us too, as it could probably sustain 2 clubs

The other option would be hawking it out by the week to someone like the Brazilian FA as a European training base or one of the NFL teams when they come over to play in London.

Yeh that is the best use case outside of renting it back to us. But for £25m with a useful economic life of 50 years (standard UEL applied to a building) you need to generate £500,000 a year in rent, just to break even on depreciation, Let alone running costs.

That's asking quite a lot of foreign professional teams occasionally choosing you as a training base for a weekend.

Nerd alert. You don't have to depreciate property, you can choose a revaluation model instead, meaning they could actually see increases in value coming through. And as a business you'd not be concerned about recovering depreciation.

But the running and maintenance costs, fair point. And ideally you'd have some sort of model that estimates the rental income to make a deal worthwhile. But this is where football is different. Decisions are made on ego and emotions instead of valuation models.

[Green]

It won't be owned by Wycombe though. They'll just rent it and that's how the owner will make money from it. They may even try renting it to us too, as it could probably sustain 2 clubs

The other option would be hawking it out by the week to someone like the Brazilian FA as a European training base or one of the NFL teams when they come over to play in London.

Yeh that is the best use case outside of renting it back to us. But for £25m with a useful economic life of 50 years (standard UEL applied to a building) you need to generate £500,000 a year in rent, just to break even on depreciation, Let alone running costs.

That's asking quite a lot of foreign professional teams occasionally choosing you as a training base for a weekend.

That's a bit basic. What value the land, and fine build another building in 50 years time, that won't cost another £25m.

[Greatwesternline]

It won't be owned by Wycombe though. They'll just rent it and that's how the owner will make money from it. They may even try renting it to us too, as it could probably sustain 2 clubs

The other option would be hawking it out by the week to someone like the Brazilian FA as a European training base or one of the NFL teams when they come over to play in London.

Yeh that is the best use case outside of renting it back to us. But for £25m with a useful economic life of 50 years (standard UEL applied to a building) you need to generate £500,000 a year in rent, just to break even on depreciation, Let alone running costs.

That's asking quite a lot of foreign professional teams occasionally choosing you as a training base for a weekend.

That's a bit basic. What value the land, and fine build another building in 50 years time, that won't cost another £25m.

You dont depreciate land, and 50 years is just the standard number. Depreciation is an estimate. Tbh most buidlings with the exception of ones with emotional attachment realistically will often be knocked down before 50 years is up.

[MouldyRoyal]

Not sure what a change petition with a few thousand signatures is going to do

[Greatwesternline]

It won't be owned by Wycombe though. They'll just rent it and that's how the owner will make money from it. They may even try renting it to us too, as it could probably sustain 2 clubs

The other option would be hawking it out by the week to someone like the Brazilian FA as a European training base or one of the NFL teams when they come over to play in London.

Yeh that is the best use case outside of renting it back to us. But for £25m with a useful economic life of 50 years (standard UEL applied to a building) you need to generate £500,000 a year in rent, just to break even on depreciation, Let alone running costs.

That's asking quite a lot of foreign professional teams occasionally choosing you as a training base for a weekend.

Nerd alert. You don't have to depreciate property, you can choose a revaluation model instead, meaning they could actually see increases in value coming through. And as a business you'd not be concerned about recovering depreciation.

But the running and maintenance costs, fair point. And ideally you'd have some sort of model that estimates the rental income to make a deal worthwhile. But this is where football is different. Decisions are made on ego and emotions instead of valuation models.

It's been a few years since i qualified, but even if you are using revaluation method, you still need to apply depreciation, you just do it on the revalued amount?

[Green]

Not sure what a change petition with a few thousand signatures is going to do

Who is it even addressed to?

[tidus_mi2]

I think the only way we can feasibly keep Bearwood at this point is if some wealthy good Samaritan who perhaps has a soft spot for the club gazzumps the deal and then rents it to the club until it can be sold to hopefully the new owner.

Don't think it'll happen though.

[Snowball]

Tonight's Lottery is £110 MILLION

(If I win, I'll buy...)

[Winston Biscuit]

Online petitions are one of the small things I hate in life

[Green]

Online petitions are one of the small things I hate in life

+1, designed for the social media generation to feel like they're doing something without doing something.