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1 hour ago, ramblur said:

3 million of that was ours.

Unless my eyes deceive me, according to that Deloitte Report ( Chart 16 on Page 27), 
£140 million of that total Championship Club Debt of £1.8 billion was Derby County's.

The only Clubs with bigger Net Debt, according to Deloitte, were Newcastle/Brighton/Fulham, 
and all three of those Teams are now in the Premier League. The fifth biggest Net Debtors,
according to Deloitte, were Cardiff, and they too are now in the Premier League. 

So the financial gamble taken by Newcastle/Brighton/Fulham/Cardiff paid off for them, having
reached the Promised Land of the Premier League. Mel's gamble has not yet paid off.

Now before you start going off on one again, I am not saying that Derby County's Net Debt in 2017
was £140 million, I am merely pointing out that the Deloitte Report claims that to be the case.

Presumably Deloitte have failed to appreciate the subtle financial intricacies of the DCFC/Sevco/
Mel Morris set-up that you have so painstakingly detailed to this Forum. 

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1 hour ago, ramblur said:

I've been saying for ages, and over more posts than I care to remember, that wages are too high, and need to come down significantly, long before Ramnut poked his snout in. He seems to think he's some kind of pioneer in this respect. 

Off you go again inventing stuff......

 

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5 hours ago, RamNut said:

Off you go again inventing stuff......

 

I don’t think he can see your replies?

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6 hours ago, mice_elf said:

Unless my eyes deceive me, according to that Deloitte Report ( Chart 16 on Page 27), 
£140 million of that total Championship Club Debt of £1.8 billion was Derby County's.

The only Clubs with bigger Net Debt, according to Deloitte, were Newcastle/Brighton/Fulham, 
and all three of those Teams are now in the Premier League. The fifth biggest Net Debtors,
according to Deloitte, were Cardiff, and they too are now in the Premier League. 

So the financial gamble taken by Newcastle/Brighton/Fulham/Cardiff paid off for them, having
reached the Promised Land of the Premier League. Mel's gamble has not yet paid off.

Now before you start going off on one again, I am not saying that Derby County's Net Debt in 2017
was £140 million, I am merely pointing out that the Deloitte Report claims that to be the case.

Presumably Deloitte have failed to appreciate the subtle financial intricacies of the DCFC/Sevco/
Mel Morris set-up that you have so painstakingly detailed to this Forum. 

The basis of preparation states that they are reporting on the figures of parent companies where clubs are part of a group of companies.

So in summary, the report is completely useless. 

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Posted (edited)

Dear oh dear this isn't difficult. Derby County doesn't owe Mel Morris anything. Mel Morris Derby County owner owes himself £90m. Derby County owner Mel Morris MAY have an opportunity to enjoy some of the profits from DCFC but only if we ever make any. 

On a separate matter altogether it is not healthy for any club or business to make regular losses. Having said that if we wish to recruit players who potentially make the difference in this league  then we need someone like Mel to compete with the grossly unfair parachute payment clubs or the other billionaire chairman.

If we don't wish to look at those types of players then currently we as fans need a massive change in expectation and attitude. Personally I cant see that ever happening. 

Edited by The Scarlet Pimpernel

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Don’t sit on the sidelines, let your voice be heard!

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