Ramleicester

5 hours ago, rammieib said:

What a farce - my 7-year old daughters friendly match has now been cancelled.

What is the world coming to.... So what are these kids now going to do instead - sit on a play station all day.

The UK has gone mad.

Why not spend an hour or so talking to your daughter about dedication, unwavering loyalty, sacrifice and leadership. Grown up stuff, she might like it and learn something.

Truly shocking the wining self entitled rubbish being spouted. It is a weekends football in respect of someone who has served this country for so long through war and peace, good and bad. Get a frigging grip!

And don't bother with any replies or silly likes or dislikes as I will sign out and leave you all to your petty moaning. 

7 hours ago, RoyMac5 said:

Practically, how would he currently even get his money back for us?

Part of any due diligence on purchasing a football club is a wonderful 'return model' which looks at the year on year likely return or loss on investment.

They tend to be done over ten years with each 12 months modelled on a range of possible scenarios such as likely cost base, probability of promotion/relegation, fan base, media and social media exposure, merchandise, sponsorship and a whole load of other factors. It creates a 5 level optimistic to covid levels of pessimistic wrist slashing estimates of possible return (loss). They are works of art but ultimately works of crystal ball gazing.

I have seen a few and fair to say never seen one that would make me part with my own cash! The factor that counts for these owners is ego, passion, romance and to cure boredom of their existing lives. 

That said Derby County FC is as good a bet to recover investment as any (a million maybe billion miles better than say Chelsea). It will rise again and has a fan base and potential for future income as good as any football club that has been sold over the past few years. Factor in the satisfaction factor, the romance and passion around saving a founder member then being the current owner of DCFC must feel good. I doubt any football club outside of the top 5 in the world has ever been purchased with an expectation of getting money back (save for the odd tax write off lol). 

CK's 'wealth' was based around a business that was massively funded by external investors on the basis of the promise of potential growth. Alongside this was his personal crypto investments that had seen massive growth over 2020/21.

I am sure when he started out on the quest to buy a club this 'wealth' was in good shape. During the process his investments tanked very very badly and the smoke and numerous mirrors he put in place with his business investors were shattered.

Kind of what happens when 'wealth' comes fast and easy. I am sure he thought he could get it back as quick as it had disappeared and carry on but his investors pulled the rug and his personal investment instruments of choice are still in the doldrums.

Fair to say a bullet dodged. Clowes is a businessman based on a long track record and experience with a family of similar standing alongside him. CK in comparison is a PR genius who made a few lucky bets and won which made him think he was some sort of genius entrepreneur. 

He isn't.

His putting is crap too.

3 minutes ago, jono said:

My wife used to work in Leicester, about 4 floors up in an office block. Across the road there was a massage parlour called Palm Springs. I don’t think you mean that one though ?

Love a story with a happy ending....

1 hour ago, Caerphilly Ram said:

Leicester playing two friendlies tomorrow so have split their squad, plenty of good players for the lads to test themselves against.

Is this a football team or a gcse spelling test?

Sorry if this has already been suggested but why can't the club do an initial 3 month season ticket for renewals until the dd option is resolved? Allows fans to secure previously help seats at lower initial cost then buy the balance on dd later in the year?

I blame the EFL

Always did like that rebbek....Rebeeec..... reeebekkk.... rebekkkhh...

Jamie's Mrs.......

1 hour ago, Ghost of Clough said:

My understanding is the TUPE would ensure there are no changes to a contract upon transfer of ownership (no wage reductionor termination). 

The contract issues with Buchanan and Byrne will be some other rule (EFL, FIFA...)

Sadly they can object once they are given advance notice of transfer and terminate.

6 minutes ago, Rich84 said:

I assumed it's dependent on EFL agreeing to the projected income streams from the club operating, not from him directly, it has to be partially speculative as dependent on ticket sales etc

But otherwise I'm with you on the #confused

There will be a sufficieny in relation to the initial takeover and separate to that a sufficieny test around the ongoing funding of the club. That bit is bound to be harder to assess given the various ground scenarios and the fact it will be based on assumptions rather than just checking existing facts such as if CK has the money to do the initial deal.

11 minutes ago, ollycutts1982 said:

HOW THE HELL DO I GET RID OF THE DROP DOWN ADS ON THE TOP OF THE PAGE ??????????????

Seems to go when I am using WiFi. Comes back if using mobile data. It is annoying.

2 hours ago, SouthStandDan said:

I will get a tattoo of a ram (petrified of needles) if we stay up B4 ?

I will get 'come on you Rams' tattooed on my privates...

Second thoughts only room for 'coyr'

That could not be capitals

No quotation marks       

B and Q also reporting a run on patio furniture.....

1 minute ago, RoyMac5 said:

Not even convinced Morrisons was a foul, he got the ball, maybe a yellow as his slide was out of control.

OK......

3 minutes ago, Bob The Badger said:

Watch it again @Ramleicester, when he past the man his foot was still on top of the ball. It was a bookable offense but a harsh straight red. 

Unless of course you’re just on the nitrous oxide and can’t stop laughing, in which case, pass me some please.

It was red just like Grabbans in the first half not on anything thanks just know football. Ref got one wrong one right. 

12 minutes ago, RoyMac5 said:

Me either. Lol.

You assuming we weren't about to announce a PB when 'the EFL moved the goalposts' according to Owen Bradley? 

 

Experience has taught me that assuming anything with this sort of thing is fraught with danger. If's but's, maybes and Owen Bradleyisms are not facts. Maybe they should be more discrete until things really are set in stone. But in the media age we all demand to know what is happening before it happens I guess.

I am sure there are a lot of good intentions trying to find a way out of this. Let's hope it is soon, I am sure we can agree on that.

As for EFL moving goalposts..... do they have any clue what goalposts are!!!!

10 minutes ago, RoyMac5 said:

I'll repeat, why would they think the EFL wouldn't stick by what they said before and tell Boro to keep out of it? Plus how much more positive than having a PB can you be?

So if you know about administration where do the EFL stand on refusing to let the Club exit when we have a PB lined up?

Well if there actually was a PB announced then fair enough.

There is NOT a PB announced so that is irrelevant so there is no positivity in that respect. Once one is announced then the EFL can't kick us out or keep the embargo in place as there is a plan and cash in place for the season.

The issue is that we do not know what the situation is with the claims but it is enough to stop a PB being announced.

My point is that if that is the only obstacle then the Administrators should be knocking every wall down including asking the EFL to bring the footballing parties together.

Not sure what is hard to understand lol.

3 minutes ago, RoyMac5 said:

How do you know that?

We were all under the impression they were going to the EFL to tell them who the Preferred Bidder was?

They may have previously been under the impression (say from the previous Boro ruling where they were told to butt out) that the EFL would play by the rules. But calling them out yesterday and suggesting the EFL are 'breaking the law' seems anything but passive?

I know that from dealing with businesses in administration for about 30 years. It is the very essence of why a business is placed into administration. Clarify the position and find a way out. The claims have been known about for months and it is just suprising that we have got to this stage and the obstacle to announcing a bidder is the fact that these claims are still shrouded in doubt and quantum.

Passive in terms of exhausting every possible route to make the club ready to sell. They seem good at words and threats just thin on resolution.

15 hours ago, RoyMac5 said:

Consider that they didn't think the EFL would go 'against statute' and there is your answer!

Hi Roy, I understand your point but you would think the EFL should act in the interests of all members and try and resolve disputes or at least frame them in such a way that enables all parties to continue to function. Also the Administrators have a duty to clarify the financial picture of the Company which in this case they seem to be struggling to do. 

Just agreed a possible scope of claim for a client against a business in Administration which is very similar. Just have a feeling the Administrators are being a bit 'passive'.

You are right though the EFL seem stuck in their own processes which is very damaging for DCFC.

So the unspecified footballing claims which we assume are from Middlesbrough and Wycombe are delaying the sale.

The EFL will not tell those two clubs to back off without some form of process (long winded) being completed.

So the likelihood is that no buyer is likely to WANT to be named as a preferred bidder or CAN be named as a preferred bidder as the risk for any buyer is perceived as too big, mainly because of the uncertainty on the size of the claims.

Hence the EFL asks for what the plans are to fund the club for the rest of the season.

Solution:

The Administrators should insist the Governing body ie. The EFL bring the footballing parties (Middlesbrough,Wycombe and DCFC) together VERY quickly to agree a possible maximum liability. Not to argue the merits of the case but to mutually agree a range of liability from £0 to a max figure. This would then allow bidders for the club to fully assess the risk and move forward or bail out.

Without something like that the situation will be stuck in the circle of doubt until the money runs out and the club folds.

The failure of the Administrators to look at this sort of strategy is odd given their responsibilities.

When the books are written in a few years on the saga of DCFC during the MM years (titles anyone?) The personal version from MM will clarify why he pulled the plug. 

It will say he simply was too worn out to carry on, that he totally lost faith in the governance of the EFL and that it had become personal to the point where (maybe for the first time in his life) he realised he could not win. Finally he will say that whilst he got a lot wrong, which he did, in the end he got fed up with the criticism from multiple directions. Anyone faced with this sort of combination would want to find a way out and this was in reality the only real option from his viewpoint.

He tried, he risked a lot and he failed. He sacrificed his most valuable personal asset, not his millions, but his ego and pride. Many football stories go like that.

DCFC will not go away a new story will start in the next few months.

Sam Rush and partners.

I do not know why the HMRC does not issue the Directors with a personal liability notice regarding the unpaid PAYE debts. It would be unusual but as far as I am aware the HMRC still has the power to do that.

I have seen it done once in my professional life.

Maybe it would stir muddy waters further making a sale even harder but in the end it may be how the HMRC get their money which must make MM and Co's bottoms twitch a little.

Leicester away....

1 hour ago, B4ev6is said:

I had a fulham say to me that we had no chance I said we will stay up you wait and see.

This is what football should be.

Not amortisation, ffp, he said she said bull**it. Hopeful fans with pure love in their hearts for the club they just want to see succeed and give them joy. 

The Rams time will come B4ev6is, success will come.