Gringo

5 minutes ago, kash_a_ram_a_ding_dong said:

Nah,it would end up cheaper in the end from the constant complete change in players which constantly occurred under Mel....we spent millions on players which would have been unnecessary if we had stuck to a ethos.

We will not be spending anything at all, on transfers or fancy wages, zilch , nada we will be operating at less than break even and you suggest spending cash we have not got on a senior manager we can’t afford and don’t need.
Beam me up scotty

9 minutes ago, kash_a_ram_a_ding_dong said:

I think now's the time for a proper director of football to establish a style and direction of football.

Then managers can come and go but the ethos stays the same and the huge variations in style we have witnessed in style won't happen.

And how are we going to generate the cash to recruit and pay a DOF?  The unrealistic expectations and demands have started earlier than I anticipated. We will be lucky to keep the academy operational let alone stuff the club with unnecessary senior management 

11 minutes ago, Redlandram said:

My take on it is that under Clowes, Morris remains a "sleeping partner" and that was a no no for Wayne.

Don't get me wrong C!owes is great news but we have not seen the end of Mel.

Hypothesis not ITK.

 

 

 

 

Speculation about conjecture, MM has gone for good get over it, or do you need a bogey man to get through your day?

If WR had his sights set on managing in the Premier league, then appraising the next "few" seasons at DCFC he would have determined that, given no players can be signed and having to operate under a draconian EFL imposed business plan, then his career prospects would not have been enhanced. He has left as a saleable commodity with his reputation intact, staying on would have been a one way ticket to destroying that reputation.

I doubt NC would come back given the very underserved vitriol from a section of the fan base but for me he is the only logical choice in this division. 

I think that the most direct comparison with a liquidated club would be Chester who folded in 2010 and who after appeal to the FA were placed in the Northern Counties premier league, the 8th tier of the pyramid. They achieved a number of back to back promotions and for a couple of seasons were in the conference playing teams such as Bristol rovers and forest green however they fell back into financial trouble and are now in the National League North. But even having a very good stadium for the league they are in  with a capacity of 6500 they are only averaging 1,600 per game and struggling to stay solvent.

Therefore talk of liquidation being a viable alternative for the survival of DCFC is mis placed, if this happens my view is that crowds would drop to <5,000, and given the running costs of the stadium, (you can forget having an academy) we would be in a perpetually bad financial situation, to quote the Hyde Park speakers " The end is Nigh"

31 minutes ago, Coconut&#x27;s Beard said:

It's well established by now though that someone taking over a football club is expected to want to avoid a points penalty by paying the 25% if they are able. Otherwise why even bother with  the rule / punishment?

Nobody expects a new owner to pay "The debts" no, "a fraction of the debts" though? Possibly. 

Can anyone inform me what happens in most instances of administration outside of football, percentage to creditors wise. 

Either way this argument is only considering one aspect of Ashley's approach, which I think most of his dissenters would understand and sympathise with if it wasn't paired with his other known practices as an owner.

Outside of football most administrations are asset only sales, you only buy the assets not the business you therefore are not liable for debts which are not secured on the assets you are purchasing, also you do not have to pay HMRC as their debts stay behind with the insolvent business whose assets you have purchased. HMRC get any value from uncollected debtors or sale of machinery not included in the asset sale so they usually get crumbs. What is different here is that the EFL is a members club and if you want  to remain a member then you can only buy the business, which is the club and so you have to take ownership of the debts incurred by the club.

winding the club up would essentially remove all debts but would mean starting  again from the bottom of the pyramid 

1 minute ago, Tombo said:

I don't know why you're still banging this drum, absolutely every media outlet with insight into this deal has been reporting that he definitely had the money but was not able to transfer it for whatever reason. We don't know why his funds were frozen, maybe one day we'll find out, but he definitely proved he had the funds and he definitely had the funds.

Have you ever used photoshop?

Anyone bidding but not purchasing the stadium should be ignored and ruled out, looking at the revenue generated this next 12 months by DCFC it is clear and obvious that cash injections will be needed of around £1- £1.5million/month just to keep the lights on as a going concern, by the owner.

If a bidder cannot afford mortgage repayments of around £1.65million a month, then they have not got enough cash to support the club.

6 minutes ago, Ambitious said:

Sunderland generated just shy of £30m in League One in 19/20 - £8.6m was parachute money. 

Sunderland gate receipts 2020 £5.6 million 2019 £8.6 million

Parachute money listed as TV and media 2020 £17 million 2019 £40 million

13 minutes ago, PistoldPete said:

How does that compare with Sunderland? 

Last accounts from them were covid ones but revenue £11million £11.7million loss,  prior to that I think they still had a parachute payment included 

30 minutes ago, jono said:

All true except I think those losses are exactly what you get if you own a mildly ambitious championship club whoever you are. In short the only business men who own them are either gambling on the prem or happy with the prestige and local fame the hobby of owning a club gives them. It has to change and I think it will. Covid and a financial reset may well see the mad wages fall to more sensible levels. In the end it’s the wages .. We could comfortably be a business with a 20 odd million turnover that would happily support its none playing staff and the mechanics of a well supported football club, but once you start paying footballers wages, conservatively  .. let’s say 5 top boys on 700k a year (3.5 million ) Then another 15  on 400 k  a year (6.0 million)  and another 20 on 250k ( 5.0 million ) then it all starts to go wrong. You’re at 14.5 million straight from your total sales of 20 odd. It just doesn’t work. 
 

You simply have to make profits on player sales or have a very rich owner ( or parachute payments ! ) 

I have to disagree with you on the revenue for DCFC in League 1, no way will we generate £20 odd million in revenue

here is my forecast

season tickets and gate receipts £7 million

TV money £2.8 million

Commercial activities £5 million

Total £14.8 million plus player sales

It is a dark dark depressing world in league 1

Appleby's tenure was not a success and we were not run in a fiscally prudent way, here are the numbers

2008 a year when we received a parachute payment - Profit of £1.76million

2009  Loss of £14.9 million

2010 Loss of £2.16 million

2011 Loss of £7.67 million

2012 Loss of £7.93 million

2013 Loss of £7.06 million

2014 Loss of £7.04 million

2015 Loss of £10.06 million

So in total during Appleby's leadership there were cumulative losses of £55 million, how is that the best financial health of the Rams in the modern era?

GSE pulled out because they wouldn't or couldn't keep bank rolling the losses and if El Presidente Sam Rush, (who sacked the manager who reduced the payroll by over 60% and signed some outstanding players for peanuts) ever gets near the club again he would probably complete the destruction of the club.

History always repeats itself

18 minutes ago, Tamworthram said:

I've convinced myself that the money will never clear because it has never been sent. If it was taking this long just to clear regulatory checks then I reckon there must be something seriously suspicious about it.

Photoshop.

No Mr rams owner, you have spent enough please don’t sign any more players.

2 minutes ago, MackworthRamIsGod said:

As things stand..

We are waiting for, either

A) Kirchners magical millions to appear from nowhere

B) Appleby to find a mate willing to throw away 24 million pound

C) Mike Ashley spending more than he would be willing to on Derby, or the administrators and EFL accepting a vastly reduced amount.

No drama.

 

There is one further possibility, in that MM as he is on the hook for  £24-£25 million in loans to MSD backed up by his personal guarantee and all his properties and assets, it is entirely feasible that he could make a bid for the club as it could cost him less than "giving" the stadium away and crystallising a huge personal loss to himself.

Looking at insolvency law I believe enough time has gone by for him not to be considered a related party and therefore he is able to make an offer should that save him a lot of cash.

54 minutes ago, BucksRam said:

Ha! Which explains why I was banned from competitions as I never kicked above hip height (danger of being caught), went for the knees and also used elbows. Also why I gave up Taekwondo. Our club was also kick out of the KUGB for being too violent. All that really meant is alongside core techniques we taught a lot of  street fighting stuff. Elbows. Knees. Head etc etc.  I think we are on the same page Seth 

Best self defence for a lady against thugs

8 minutes ago, PistoldPete said:

Yeah but Morris is said to be worth £500 million. What happened to his backers?

MM was not in the Sunday Times rich list 2 weeks ago so I believe his personal net worth has shrunk considerably

1 minute ago, Andicis said:

Because the administrators would be breaking the law if they weren't pursuing the deal that is best for the creditors, Roy. 

As Q are a preferred creditor, the best deal for ensuring they get paid their £4million (which needs to be paid at the time of completion) quite possibly could affect their decision.

DCFC will need monthly cash injections of approx £1m to trade on an ongoing basis, as well as additional cash injections to pay down HMRC and unsecured creditors over the next 36 months. It would appear that for whatever reason, money laundering issues, public holidays, month has got a Y in it, golf tournaments or cash availability, there is a problem in funds meeting deadlines, if this was an ongoing issue then DCFC would not be able to trade for an extended period of time.

  Therefore Q in my opinion have picked the wrong PB and would do well to revisit alternative interested parties asap.

FWIW the administrators are a preferred creditor and given the lack of realisable assets left in the club the "lucky" buyer of the club will have to pay their fees on top of the selling price of the club, given the animosity towards MA by Q and vice versa, in my opinion that is potential reason why MA is being ignored.

4 minutes ago, Kathcairns said:

No,but not much choice is itif you have got a famiy to look after.

There are 1.28 million unfilled job vacancies in the UK

36 minutes ago, i-Ram said:

Ed Dawes is to journalism what Heather Mills is to tap dancing.

Or she is to an ass kicking competition

2 minutes ago, Bwash_Ram said:

Ok first test for administrators no more fat blokes with beards allowed through the door

Speaking with experience of going through money laundering checks, the receiving bank and administrators  will want to see documentary proof as to the source of the funds, I was quizzed on sales of property and other assets having to provide bills of sale etc to back up the true source of funding. Making vague references about crypto etc and bank statements would not be satisfactory, also not having any cash would also make any deal difficult.

16 minutes ago, Stagtime said:

One of my all time favourite albums 

Sounds like a tractor being cut up with a chainsaw 

1 hour ago, GeneralRam said:

How?

US banking is very much crap compared to the UK. The only thing I know that is reasonably quick domestically is Zelle. Venmo and other ACH is next day minimum.

Zelle is capped at $10k but usually is 1 hour maximum.