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Gringo got a reaction from David Graham Brown in The Administration Thread
Speculation about conjecture, MM has gone for good get over it, or do you need a bogey man to get through your day?
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Gringo got a reaction from Finch in Rooney leaves
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.
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Gringo got a reaction from Jayram in Rooney leaves
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.
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Gringo got a reaction from RoyMac5 in Rooney leaves
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.
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Gringo got a reaction from Miggins in The Administration Thread
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
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Gringo got a reaction from jono in The Administration Thread
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
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Gringo got a reaction from atherstoneram in The Administration Thread
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
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Gringo got a reaction from PistoldPete in The Administration Thread
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
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Gringo got a reaction from May Contain Nuts in The Administration Thread
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
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Gringo got a reaction from Derby4Me in The Administration Thread
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.
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Gringo got a reaction from jono in The Administration Thread
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.
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Gringo got a reaction from bimmerman in The Administration Thread
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
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Gringo got a reaction from Carl Sagan in The Administration Thread
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.
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Gringo got a reaction from DerbysLane in The Administration Thread
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.
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Gringo got a reaction from Abu Derby in The Administration Thread
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
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Gringo got a reaction from Carl Sagan in The Administration Thread
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
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Gringo got a reaction from jimtastic56 in The Administration Thread
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
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Gringo got a reaction from Bris Vegas in The Administration Thread
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
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Gringo got a reaction from Derby4Me in The Administration Thread
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
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Gringo got a reaction from Carl Sagan in The Administration Thread
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
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Gringo got a reaction from Macintosh in The Administration Thread
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
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Gringo got a reaction from RipleyRich in The Administration Thread
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
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Gringo got a reaction from NottmRAM in The Administration Thread
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