Monday, 27 January 2020

Low valuation for Charlton

The football business newsletter Off the Pitch has valued Charlton at £27.4m, only above Barnsley and Luton Town in the Championship. It is not known how much ESI will pay for the club when the transaction is completed in the summer, but I would assume rather more than that given the value of the physical assets and Roland's expectations.

Their figures are based on the recent offer of Preston North End for sale at £50m. However, there is probably something of a London bonus. If I was an investor from the Gulf, I am not sure that I would find Barnsley or Luton particularly enticing locations. ESI referred to Charlton being a London club in some of their statements.

Millwall are valued at £68.8m. Stoke City at £264.4m are the highest valued club, followed by 'Boro.

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