RAM1966

33 minutes ago, i-Ram said:

How is he going to know? We haven’t filed any accounts for the last 3 years. I think Ram1966 might be justified in his comments when the 2021/22 figures are finally released.

We will not realistically see the 21/22 accounts until March 23. Your point is valid we should see up to and including 19/20 accounts filed by the 18 Aug.  The true extent of the damage done may not be revealed until the 21/22 accounts (Due /Apr 23), they will hopefully show that a takeover as gone through by then, fingers crossed its a sale and not an acquisition via administration...  When the last 3 years accounts have been posted at companies house I will be happy to stick my head above the parapet if I'm wrong.

Here is my prediction:

• We will be within FFP - No points deduction.
• Our losses and debt will be north of £50M - without ownership of the ground as a tangible asset, which is concerning!

Only a few weeks to go till the accounts are published and I sincerely hope I am wrong on the second point, I'll be happy to take the flack if I am..........

I don't want a pound of flesh, but, what I do want is Mel to stick his hand in his pocket, to leave us in the same state as he found us, because IMO he has ran this club in a reckless manner. 

Here are my reasons why I think Mel has failed:

• Not understanding a football club and trying to run it like a business (Leadership wise), entering the changing room and rousting the manger and players, drones on moor farm and cancelling the summer training camp.  This pissed the team off and the results tailed off quickly.
• Not understanding the clubs an failing to run it as a business (Financially), mass over spending, paying inflated transfer fees and wages on average players at best.  Butterfield & Johnson cost £10M, both on high wages and worth a fraction of the fee and salary, which is why they were released at the end of their contracts.  There are numerous other examples, but this set the scene in his early tenure and Derby were labelled as a cash cow!
• Poor managerial appointments and not giving 'some' managers long enough to build a team, otheres were just woeful appointments.  I won't go through them, but, there were some pretty poor decisions, he sacked McClaren twice and the only reason he was not appointed the manager a 3rd time, is he would have looked an even bigger clown than he does now.  What the hell was Harry Rednapp all about too?  FFS the desperation is there to see!!!! 
• Finally the massed debt, he should have shown patience, have a go, if it does work stay within FFP rules, do not bend them and they go again at the start of the next 3 year cycle....
• Poor communication with the fans, Mel has loved the limelight when its gone well, but, the litmus test is to man up and face the media and the fans when its gone wrong and by god has it gone wrong.  EPIC FAIL....

A couple of good points:

Mel you are one of our own and I thank you for your efforts, you did what you did with the best of intentions at heart, the finance director who advised you (If you followed his advance) should never work again.  Sadly you made a lot of bad decisions, I just hope he does not leave us saddled with debt for the next decade+.  That certainly would not be the actions of one of our own!!!!!!

I'm saving the best till last which is our world class academy, which will hopefully help us produce some world class talent and help us pay off the debts asap.

UP THE MIGHTY RAMS

5 hours ago, Ghost of Clough said:

 

 

Care to tell us what this debt is?

My original post seems to have been deleted, which I think tells us all we need to know about what questions will be allowed to be asked or answered by DCFC.  I wonder why there has been so many negative posts about the club deleted, we already know that the Derby Telegraph are on the naughty step.............   

Wait until the accounts are all published, I believe that the fans will be up in arms when you realise just how much debt we are actually in.  Lets face it failing to pay the HMRC and the players on time is hardly a resounding vote of confidence as to the state of the clubs finances.  I'll happily have a £100 charity bet loser pays if we are in a better financial state (Debts) than when Mel took over. 

Mel Morris who once courted the media has been conspicuous by his absence since it has all; gone wrong!

I'd like to know why was my post deleted, are we too frightened to ask the difficult questions or has a certain moderator been told that certain questions can not be asked therefore deleting them?  My post was made in all seriousness and I'd happily meet Mel and calmly ask him lots of questions, the trouble is, I very mush doubt Mel would like to answer questions about recklessly stewardship of our club, which includes selling our biggest asset the stadium...

16 minutes ago, Taribo said:

Is Paul Clement not returning?

I hope not...  A great No2 poo manager....

25 minutes ago, Ghost of Clough said:

Why likely? Thanks to the stadium sale, we were £17.5m within the limit.
Signings which will have a significant impact on the change in amortisation are: Thorne, Johnson, Butterfield, Blcakman, Vydra, Anya, Nugent, Lawrence, Wisdom, Huddlestone
Total amount spent on signings was about £58m.
Derby amortisation: £15m
Transfer profit: £20m (not including add-ons)

At most that's a £23m swing (£5.5m over the limit). However, if we adjust the amortisation, we also need to adjust the transfer profits, notably Ince by approx £2.3m and £1.9m for Weimann. Minor changes for the likes of Jerome, Shotton, Christie and Albentosa add up for the rest.

We started using the new amortisation method for the 15/16 season, so in use since 1 July 2015
Stadium was sold in June 2018, I believe (someone can double check the exact month if they're that bothered)

I do not think that you figures are correct unless I have missed something.

This is what has been filled at companies house:

15/16 - £14.7M Loss

16/17 - £7.9M Loss

17/18 - £14.6 Profit

As the accounts currently stand Derby have posted a loss of £8M over that 3 years FFP period, so unless the restated accounts make us declare more than an additional £31M over this period we should be okay.  You've worked out its a £23M swing, so I believe we are comfortably compliant by around £8M.   Unless of course Gibson's accountant can dig up any more skeletons, I suspect he would have done that by now though!  Or have I missed something?

All that said god only knows what 18/19 and 19/20 accounts are going to look like, nothing left to sell to offset these, although I believe that the wage bill has drastically reduced, so hopefully not too bad!!!

Well done Mel you've maxed out the credit card, now pay in the money you've recklessly spent and sod off, when you get there sod off some more!!!  

I imagine he kept his Derby training kit, nobody else will wear it will they, he's just out for a run and why not wear it as he is not working for anyone else.

I wouldn't read anything into it, maybe he has stayed as he is hoping for another job in the UK and its handy living here for meetings and interviews.  I very much doubt he will be coming back to the club, unless he's a match day pundit.

he's clearly a nice an honourable guy, but, never quite got to grips with the English game, its quicker and players press you much quicker, his style of football unfortunately did not suit our team of players.  Its great to keep possession and play out from the back, but you have to have the players with the ability to do it.  Individual errors cost us too many goals with this style of play, which I think ultimately effected confidence and cost him his job. 

9 minutes ago, Indy said:

I thought it was a fortnight. But, to my knowledge, the commission hasn’t yet released its findings, so that clock hasn’t even started yet?

The longer it takes the better ?

13 minutes ago, RadioactiveWaste said:

Just a hunch,

But,

Suppose the EFL appeal, could the LAP rule a deduction (say 3 points) suspended pending any breaches due to the restated P&S figures?

Possibly, but, there is one important point to consider, the fact that we do not need to present the restated accounts until the 18 Aug.  I think the independent disciplinary committee have done this for a reason, the season will have already started.  So even if we did not pass P&S rules we would not have the points deduction applied until the current season we are a about to start!!!

Maybe the EFL have pissed the Independent Disciplinary Committee off too, with this circus of a witch hunts.....  They appeal nearly everything, I often wonder why the EFL appointed the committee in the first place!!!! 

On 24/06/2021 at 00:05, RadioactiveWaste said:

I'm a bit confused.

We've been fined £100k for having a non-compliant accounting methodology. Both the EFL and us can appeal this sanction.

We also have to restate out accounts and P&S submissions.

I thought the issue in the charge was the accounting method - if our re-stated P&S is in breech we'll get punished for that in line with precedent but because we sold PP it's not going to be that much over? Even so that is surely a subsiquent and separate issue to the now resolved accoutancy question.

 

I've just read back through the accounts to see where I think we may actually be:

15/16 - £14.7M Loss

16/17 - £7.9M Loss

17/18 - £14.6 Profit

As the accounts currently stand Derby have posted a loss of £8M over that 3 years FFP period, so unless the restated accounts make us declare an additional £31M we would still be complaint......

I think the EFL are just trying to destabilise the club in anyway they possibly can!!!!

1 minute ago, dcfcreece1601 said:

Gregory has scored 37 goals in 180 championships games and Rooney said we need more goals to stay up , do you think he's a solid solution to get us more goals and stay up? Not saying he can't do a job but he's not a solid goalscorer that's going to get us goals 

He might be great for assists, we do need players that know where the onion bag is though.....  Lets give the lad a chance, after all he destroyed the red dogs play-off chances last year ?