nogbad van 50

I only hope that this thread now disappears in to history (while recognising I'm hoofing it up), absolutely no disrespect to the Rams who have been discussing the various financial intricacies of our past year or so but I hope never to hear another thing about amortisation, IFRS, stadium valuations etc etc in regard to our club, I'll be a happy bunny. 20+ years of working with accountants and most of my oldest  friends are in that profession, football was my distraction!

I think there is a need for some balance here. I do agree that Mel is the villain - he  put us into administration when he had previously vowed to continue financing us until he could sell the club, and he left us with a lot of debt. If the information we are given is correct, he is also not asking for repayment of £135,000,000 of loans to the club and he has sold the ground for £23,000,000 ,although it was valued at £81,000,000, which will be used to pay off his debt to MSD. He was naive and got out of his depth in trying to get us to the promised land but for you to say that he is “Truly one of the most repugnant human beings to ever walk this planet” is ridiculously over the top. I hope I never come before you in a court of law.

Hell’s teeth! Have you just joined this thread?!?

It’s not true until I see this bad boy…

C U Next Tues !

Blimey! I dread to think how you feel about Putin and that basket case running North Korea ?

Blimey! I dread to think how you feel about Putin and that basket case running North Korea ?

I could tell you what my sons do, but then then I’d have to kill you?

Not averse to saying I've teared up a little on seeing that news. Dread to think how I'm going to be on Tuesday when it's all official.

@David summed it up far me eloquently than I could, but this:
 

Because somebody asked me a question. 

Ask him but he must have heard of the top class financial experts on here and the craaaazy amortisation discussions.  I assume to get the fans' current perspective on things? Think someone originally tagged him in a post didnt they? Its not like KM is hidden as everyone knows his user name and anyone can look at the forum anyway. Probably loads of people on here hidden by pseudonyms - hi Mel

I’m not sure how I’ve made a decent living out of this. Never ask for money from broadcasters (Radio Derby did send me £20 at the end of last year though), all the book royalties have gone to charity, I’ve worked on projects for DCMS in relation to the Fan Led Review unpaid and the profits we made from the live podcast show in Wimbledon were given to the Rochdale defence fund in relation to a hostile takeover of the club. 

Yes so he is the go to media specialist and my post was really to acknowledge that he's spent ages in this rabbit warren today and he didnt have to

Can't remember what it was, but if it was, that's even more trivial than ours. 
Shouldn't have posted it to be honest, I've mostly stopped following all this now and don't want to get dragged back into the mess.
It is what it is, we can sit here blaming Mel, EFL, Gibson even @The Baron, but it won't change anything now. We've been punished and look set to start next season with a clean slate.
I do fear for the POF Podcast though, although I'm sure it won't be long until another club steps up and becomes the next financial hot topic.
This last year has been mentally draining, just looking forward to the football now, I'm even looking forward to seeing the xG stats being thrown around, anything but amortisation policies and the suits at the EFL.
 

Because one of them doesn’t trust the other whilst the other one doesn’t like the other 

Minimal I would think, not a big issue for me. If we start next season on zero points, out of admin and able to sign a few players I will be a happy Ram ?

When you were at school, were you ever given a few weeks to do some homework, but chose not to start it until the night before it was due?

On the contrary, I think that sounds relatively positive.

"More next week". But some posters said we must complete the stadium purchase by Friday. Don't tell me they were making stuff up... ?

Most important bit of the tweet

Thanking Mel - reading between the lines, that could be significant.

Hi HB
I will try and unpick the different elements.
In respect of the 12 point deduction for going into administration, it seems fair, Wigan were subject to a similar deduction when they went into admin themselves. The claim that Covid was the sole reason for administration is a weak one as (a) why did it not happen to other clubs? and (b) there were already significant sums owed to HMRC prior to Covid. 
For the stadium issue, whilst the rules seem daft, they were still the rules. I'm not qualified to value stadiums, but have spoken to people who are, and so think the club was correctly found not guilty on this issue.  
As far as amortisation is concerned, it's a tricky one. Neither Mel Morris nor Stephen Pearce were the architects of the change to the accounting policy, but they were happy to utilise it and the short term benefits it gave to the club's P&S calculations. 
IMO, I think the new policy was in breach of FRS 102 and reduced losses by about £30m. I have had a discussion with Stephen Pearce in relation to this, and we professionally agreed to disagree. 
It is then the responsibility of those prosecuting to put the case put forward for the EFL at the IDC. The case presented was weak, their expert witness put forward a muddled explanation, and if you lose, as they did, then they should have accepted it with good grace, and not appealed the first ruling. 
As for having an agenda against Derby, I would defend myself on this. I monitor and comment on social media in relation to all clubs in England and Scotland (and Wales) because I'm very boring and have no friends. The aim is to be objective and non-partisan, I have even been known to say positive things about Crystal Palace, who as a Brighton fan, I loathe. I've provided assistance (unpaid) to staff members affected by the administration, contributed £92 to the 'buy a ticket' crowdfunder for DCFC fans, and whilst I fully understand that some people are sick and tired of hearing my voice on t'radio and comments in the written press, the media contact me, not the other way round. More than happy to take on board criticism, although the death threats on social media (not this forum) are not pleasant to receive. 

That's the sting in the tail, right there.

We need Phil Spencer and Kirsty Alsopp on the case.