derby8
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derby8 got a reaction from Premier ram in Derby County on this day
19/5/2005, Derby 0 Preston 0, lose p/o on agg.
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derby8 reacted to CornwallRam in The Administration Thread
That's not actually correct.
There's no FFP/P&S in League 1. It's SCMP. As a relegated club, we are restricted to spending 75% of our turnover on salaries. However, equity injections count as turnover. If Kirchner actually wanted to and could afford to, the rules would allow him to retain Lawrence.
Having said that, we know a song about unaffordable wage bills.
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derby8 reacted to RAM1966 in The Administration Thread
Why is he relying on others to buy the ground and taking 35p in the pound over THREE years, could that be because he can't afford 25p straight off.....
Ill give him the benefit of the doubt fir now, but the first time the accounts are more than a month late, Ill be on his case, thats how it started with Mel....
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derby8 got a reaction from Premier ram in Derby County on this day
18/5/1994, Millwall 1 Derby 3, p/o win 5-1 on agg.
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derby8 reacted to Ram-Alf in The Administration Thread
I don't want to pi$$ on anyone's chips but pretty much every new owner who buys a football team start off being the saviour, Then in a couple of years things go south as results on the pitch and financial scaremongering begin to emerge.
I'm pleased CK is here, He comes across as a humble person who want's to make a mark with DCFC and the supporters...only time will tell
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derby8 reacted to kevinhectoring in The Administration Thread
I think one driver may be that CK’s wealth is largely tied up in slync.io shares. So to fund the planes and cars and football clubs, he presumably borrows against those shares ?(The company is still privately held so the shares are illiquid, so the loans are expensive.) That will all change when the company goes public but until that happens, his capital is expensive. So better for the club to rent the stadium for now. And better to pay more to creditors over a longer period : first, the club’s cashflows can assist in payment. Second, if the IPO has happened by the time they need to be paid, he has a much lower cost of capital
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derby8 reacted to PistoldPete in The Administration Thread
Nixon said it was £45 m needed to avoid a points deduction. £20m for the club and £25 m for the stadium /Msd.
of course Nixon ain’t the most reliable of sources but he does get stuff both from Kirchner and the Efl.
do I take it I should add football creditors and insolvency expenses to your scenario figures above to get to a figure comparable to Nixon’s?
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derby8 reacted to JuanFloEvraTheCocu'sNesta in The Administration Thread
To be honest, I'd sooner see him stop interacting with all fans on twitter full stop. Twitter isn't exactly the brains trust at the best of times. By all means tweet about Derby, updates etc, but getting in to conversations and/or bickering with fans online isn't going to do him any favours long term.
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derby8 got a reaction from Kathcairns in The Administration Thread
Agree, seems a capable business-man if not a billionaire. He'll prob try and run DC as a sustainable club and aim to work up the Leagues. Should get out of L1 in a year or perhaps 2. Championship could take some time, it will be more down to management than loads of money.
Perhaps later in the summer ck could set out the financial picture in a way we can all understand.
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derby8 reacted to i-Ram in The Administration Thread
Well my morning glory has extended into the afternoon (but that may be because I have got my pills mixed up again).
Some really good news in the last 12 hours but reading some posts on here you might think differently. Whether CK has the wherewithal to achieve great things for our Club in the future is anyone’s guess, but to exchange contracts is a huge step and not to be derided or undermined. Yes, let’s not get carried away, but why so many doomsayers want to continue to pick everything apart is beyond me. CK HAS STOPPED THE DOOMSDAY CLOCK. He has shown his commitment. It is now up to Morris/MSD to finalise the stadium sale to some third party, who is supportive of CK’s proposals. Well done CK. I hope this works out for you and us. Up the Rams!
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derby8 got a reaction from Premier ram in Derby County on this day
17/5/2016, Hull 0 Derby 2, but lose p/o on agg.
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derby8 reacted to Mucker1884 in Get the .... in! What's first priority!!
Agreed.
Technically, it's not the space as such, as any extension will go more upwards, rather than outwards (There will be a little of the latter, of course).
The original build was future proofed, so the foundations and steelwork for the horseshoe (North, East & South) is already strong enough, and the connection requirements already in place.
A relative simple matter of remove the existing roof cladding and secondary steelwork, bolt on the extension steelwork, add new roof cladding. Job done!
Well, structurally speaking that is... I know nothing about namby-pamby concourses, toilets, and fire exits etc! ??
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derby8 got a reaction from Mucker1884 in First home game next season
If has to be away best might be at Bolton, first game was 8/9/1888, Bolton 3 Derby 6.
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derby8 reacted to CBRammette in First home game next season
Yes so it wont be. If that fixture is a good one will show the EFL war with club owners over.
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derby8 got a reaction from IslandExile in The Administration Thread
Agree, seems a capable business-man if not a billionaire. He'll prob try and run DC as a sustainable club and aim to work up the Leagues. Should get out of L1 in a year or perhaps 2. Championship could take some time, it will be more down to management than loads of money.
Perhaps later in the summer ck could set out the financial picture in a way we can all understand.
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derby8 reacted to RadioactiveWaste in The Administration Thread
And of course, within the agreed business plan.
Even if Kirchner didn't want to spend a lot, for the first 2 years he can dump blame for that onto the admin and EFL agreement.
I suspect you're right and he's far more in the GSE mould.
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derby8 got a reaction from RadioactiveWaste in The Administration Thread
Agree, seems a capable business-man if not a billionaire. He'll prob try and run DC as a sustainable club and aim to work up the Leagues. Should get out of L1 in a year or perhaps 2. Championship could take some time, it will be more down to management than loads of money.
Perhaps later in the summer ck could set out the financial picture in a way we can all understand.
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derby8 got a reaction from CBRammette in The Administration Thread
Agree, seems a capable business-man if not a billionaire. He'll prob try and run DC as a sustainable club and aim to work up the Leagues. Should get out of L1 in a year or perhaps 2. Championship could take some time, it will be more down to management than loads of money.
Perhaps later in the summer ck could set out the financial picture in a way we can all understand.
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derby8 reacted to Eatonram in The Administration Thread
The Club already has a lease in place to rent the stadium. Worst case pay a year rent to Mel. Get breathing space to sort it. Why would that scenario be such a disaster.
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derby8 reacted to Tamworthram in First home game next season
No, it will be at Barnsley and we’ll take 5000 to commemorate the occasion.?
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derby8 reacted to kevinhectoring in The Administration Thread
CK is no fool and would not express delight at becoming our new owner lightly. And he certainly would not agree to put cash in without a very very strong expectation the deal will close.
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derby8 reacted to TomBustler1884 in The Administration Thread
Still lots of ifs and buts, but it has to be a positive step.
I would have thought that the stadium and club sales will need to be completed simultaneously to ensure neither is left without the other which explains the additional time needed.
CK funding the club is a big commitment, as long as the cheques clear.
Yes, it sounds like the same potential obstacles still exist but I think we have to be positive and assume the size of them are reducing, to the point there is now enough confidence on all sides of a resolution.
I dont see the EFL being an issue now, so it is just getting our friendly local businessman over the line on the stadium.
Big question to answer is, can CK and Rooney start offering contracts now?
Feeling cautiously positive.
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derby8 reacted to angieram in The Administration Thread
Surely people are seeing this the wrong way round?
It's not about us feeling reassured, it's about Chris Kirchner feeling reassured enough that the ground purchase will happen, that has persuaded him to sign up.
He is the one taking all the risks.
We all said that you can't buy a stadium in a few days - heck it's taking months to get a simple house purchase through at the moment - but he must know the money and motivation is there to get the deal completed.