The recent forced sale of Liverpool FC has caught the spotlights. According to Financiele Dagblad, the club was acquired by New England Sports Ventures (NESV) for € 341m. However, Singaporean Peter Lim had made an offer worth €412 but stepped down as the Board of Directors was clearly not interested in a bid from him.
Forbes Football Club Valuations
According to the Forbes Football Club Valuations for 2010, the enterprise value of Liverpool was €586m. With reference to this figure, the new owners seem to have acquired the club at 58% of the club’s Enterprise Value, while Peter Lim’s offer corresponded to 70% of Enterprise Value.
The Forbes list values the Enterprise Value of Juventus Football Club at €467m. Debt is 3% of the value so the equity should be worth €453. There are 201.553.332 Juventus Common Shares outstanding so Enterprise Value per share would be €2,25. Assuming a 70% real market value the share value would be €1,575 per share.
However, we do believe that there might be hidden value in Juve. For a detailed analysis of the clubs current situation, I would advise people to read this post on The Swiss Ramble website.
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