BuckTaylor64 Posted April 16, 2019 Share Posted April 16, 2019 The meeting of EFL clubs next week in Nottingham will see Middlesbrough Owner Steve Gibson pushing for investigations into the finances of Derby County, Aston Villa and Sheffield Wednesday. He is basically implying that the three clubs are bending the rules to apply to profitability and sustainability rules which replaced Financial Fair Play. If the clubs are in breach they could face one or more of the following sanctions. a) Points deduction of up to 12 points. b) A large fine c) Banned from competing in the play-offs d) Banned from being promoted e) Transfer Embargo Whatever the outcome, I think it's fair to say that rules will be tightened to prevent a repeat of owners selling themselves the ground. Derby County are in a financial mess. Ignore those who are praising Mel Morris's claimed genius actions, the fact are! a) The club is suffering heavy losses financially. b) The wage bill need cutting by at least 70% c) The club now has very few assets to offer interested parties that may want to invest or buy the club. Unless the Stadium was sold back for a nominal fee. d) The manager will have tied hands and it will take some real magic in wheeling and dealing in the transfer market to keep us competing in the division. e) If the owner were to sell it's likely that he would have to write off much of the money that has been loaned to the club. f) Prospective buyers could sit and wait until there is a danger of the club going into administration before making an offer. All in all the team needs promotion and the riches of the Premier League, if we are allowed to even take part in the play offs after next weeks meeting. Link to comment Share on other sites More sharing options...
bcnram Posted April 16, 2019 Share Posted April 16, 2019 10 minutes ago, BuckTaylor64 said: The meeting of EFL clubs next week in Nottingham will see Middlesbrough Owner Steve Gibson pushing for investigations into the finances of Derby County, Aston Villa and Sheffield Wednesday. He is basically implying that the three clubs are bending the rules to apply to profitability and sustainability rules which replaced Financial Fair Play. If the clubs are in breach they could face one or more of the following sanctions. a) Points deduction of up to 12 points. b) A large fine c) Banned from competing in the play-offs d) Banned from being promoted e) Transfer Embargo Whatever the outcome, I think it's fair to say that rules will be tightened to prevent a repeat of owners selling themselves the ground. Derby County are in a financial mess. Ignore those who are praising Mel Morris's claimed genius actions, the fact are! a) The club is suffering heavy losses financially. b) The wage bill need cutting by at least 70% c) The club now has very few assets to offer interested parties that may want to invest or buy the club. Unless the Stadium was sold back for a nominal fee. d) The manager will have tied hands and it will take some real magic in wheeling and dealing in the transfer market to keep us competing in the division. e) If the owner were to sell it's likely that he would have to write off much of the money that has been loaned to the club. f) Prospective buyers could sit and wait until there is a danger of the club going into administration before making an offer. All in all the team needs promotion and the riches of the Premier League, if we are allowed to even take part in the play offs after next weeks meeting. I think it more likely that Derby / Mel were in consultation with the EFL prior to that transaction. The post is a combination of nothing we didn't know and daft scaremongering. Link to comment Share on other sites More sharing options...
ossieram Posted April 16, 2019 Share Posted April 16, 2019 31 minutes ago, BuckTaylor64 said: The meeting of EFL clubs next week in Nottingham will see Middlesbrough Owner Steve Gibson pushing for investigations into the finances of Derby County, Aston Villa and Sheffield Wednesday. He is basically implying that the three clubs are bending the rules to apply to profitability and sustainability rules which replaced Financial Fair Play. If the clubs are in breach they could face one or more of the following sanctions. a) Points deduction of up to 12 points. b) A large fine c) Banned from competing in the play-offs d) Banned from being promoted e) Transfer Embargo Whatever the outcome, I think it's fair to say that rules will be tightened to prevent a repeat of owners selling themselves the ground. Derby County are in a financial mess. Ignore those who are praising Mel Morris's claimed genius actions, the fact are! a) The club is suffering heavy losses financially. b) The wage bill need cutting by at least 70% c) The club now has very few assets to offer interested parties that may want to invest or buy the club. Unless the Stadium was sold back for a nominal fee. d) The manager will have tied hands and it will take some real magic in wheeling and dealing in the transfer market to keep us competing in the division. e) If the owner were to sell it's likely that he would have to write off much of the money that has been loaned to the club. f) Prospective buyers could sit and wait until there is a danger of the club going into administration before making an offer. All in all the team needs promotion and the riches of the Premier League, if we are allowed to even take part in the play offs after next weeks meeting. Ok. Link to comment Share on other sites More sharing options...
Ramarena Posted April 16, 2019 Share Posted April 16, 2019 Link to comment Share on other sites More sharing options...
RamLad1884 Posted April 16, 2019 Share Posted April 16, 2019 There's literally numerous threads on this topic, zero evidence to back up any claim of us currently running into trouble and the efl/fa have not said a thing. Can't help but feel we're all repeating ourselves to deaf ears here. Link to comment Share on other sites More sharing options...
Ghost of Clough Posted April 17, 2019 Share Posted April 17, 2019 @BuckTaylor64 Link to comment Share on other sites More sharing options...
G STAR RAM Posted April 17, 2019 Share Posted April 17, 2019 7 hours ago, BuckTaylor64 said: Derby County are in a financial mess. Ignore those who are praising Mel Morris's claimed genius actions, the fact are! a) The club is suffering heavy losses financially. As are most clubs in the division. b) The wage bill need cutting by at least 70% It needs cutting definitely, and has been made clear that 40% will be gone by the end of next season. Where does your figure of 70% come from? c) The club now has very few assets to offer interested parties that may want to invest or buy the club. Unless the Stadium was sold back for a nominal fee. Why would we want to be offering our ground to interested parties? d) The manager will have tied hands and it will take some real magic in wheeling and dealing in the transfer market to keep us competing in the division. Well you can't have it both ways. You either want us to be sustainable or you want us to spend big on players, which is it? e) If the owner were to sell it's likely that he would have to write off much of the money that has been loaned to the club. Using the accounts for the year ended 30 June 2018, can you please show us this money loaned to the club please? f) Prospective buyers could sit and wait until there is a danger of the club going into administration before making an offer. What exactly is this comment based on?!?! All in all the team needs promotion and the riches of the Premier League, if we are allowed to even take part in the play offs after next weeks meeting. Obviously promotion is desirable and what everyone wants from a financial perspective. Won't even bother responding to the second point. Link to comment Share on other sites More sharing options...
Coneheadjohn Posted April 17, 2019 Share Posted April 17, 2019 At least if we don’t get into the playoffs it won’t matter as we won’t be allowed to play in them even if we do. Who am I going to support if Derby and Wednesday are banned from everything? Link to comment Share on other sites More sharing options...
Ewe Ram Posted April 17, 2019 Share Posted April 17, 2019 ‘Ignore those who praise Mel’ ? Link to comment Share on other sites More sharing options...
ThePrisoner Posted April 17, 2019 Share Posted April 17, 2019 8 hours ago, BuckTaylor64 said: Derby County are in a financial mess. Ignore those who are praising Mel Morris's claimed genius actions, the fact are! Link to comment Share on other sites More sharing options...
Smyth_18 Posted April 17, 2019 Share Posted April 17, 2019 So many quick to shoot the post down. Some of the points may be wrong but it is a very valid opinion which deserves mature debate. All is definitely not rosy, although I am a big fan of all Mel has done for the club (It's not his fault his money wasn't used wisely). Link to comment Share on other sites More sharing options...
Mostyn6 Posted April 17, 2019 Share Posted April 17, 2019 we need to get promoted. Getting promoted = no punishment Link to comment Share on other sites More sharing options...
DRBee Posted April 17, 2019 Share Posted April 17, 2019 9 hours ago, BuckTaylor64 said: The meeting of EFL clubs next week in Nottingham will see Middlesbrough Owner Steve Gibson pushing for investigations into the finances of Derby County, Aston Villa and Sheffield Wednesday. He is basically implying that the three clubs are bending the rules to apply to profitability and sustainability rules which replaced Financial Fair Play. If the clubs are in breach they could face one or more of the following sanctions. a) Points deduction of up to 12 points. b) A large fine c) Banned from competing in the play-offs d) Banned from being promoted e) Transfer Embargo Whatever the outcome, I think it's fair to say that rules will be tightened to prevent a repeat of owners selling themselves the ground. Derby County are in a financial mess. Ignore those who are praising Mel Morris's claimed genius actions, the fact are! a) The club is suffering heavy losses financially. b) The wage bill need cutting by at least 70% c) The club now has very few assets to offer interested parties that may want to invest or buy the club. Unless the Stadium was sold back for a nominal fee. d) The manager will have tied hands and it will take some real magic in wheeling and dealing in the transfer market to keep us competing in the division. e) If the owner were to sell it's likely that he would have to write off much of the money that has been loaned to the club. f) Prospective buyers could sit and wait until there is a danger of the club going into administration before making an offer. All in all the team needs promotion and the riches of the Premier League, if we are allowed to even take part in the play offs after next weeks meeting. Recycled garbage and perhaps wishful thinking on your part. Perhaps little more can be expected from a 'new' poster. Link to comment Share on other sites More sharing options...
Ghost of Clough Posted April 17, 2019 Share Posted April 17, 2019 14 minutes ago, Moist One said: we need to get promoted. Getting promoted = no punishment Unfortunately we won't get the chance... We're about to get a massive fine and deducted 12 points, effectively banned from the playoffs and from gaining promotion along with Villa. As we will be unable to cut our wage bill by 70% we'll be put under a hard embargo. Frank walks out after he's gagged and his hands tied by Mel. With Mel unwilling to give the stadium back to the club or unwilling to write off his loans, there are no willing investors/buyers. As a result, the club enter administration and are bought by a consortium consisting of: The Three Amigos, The Oyston Family, Sisu, and Fawaz. Link to comment Share on other sites More sharing options...
ram59 Posted April 17, 2019 Share Posted April 17, 2019 Derby's financial mess appears to be in the process of getting sorted. Many of the high earners will be off the books this summer, hopefully to be replaced by players on more modest wages. As a result of the sale of the ground, the club actually has cash in the bank. Yes, we don't own the ground, but neither does Brighton, Bournemouth and West Ham, just to name a few. Unlike those, our ground is still owned by someone who has the club at heart and is helping to restrict costs. Link to comment Share on other sites More sharing options...
Smyth_18 Posted April 17, 2019 Share Posted April 17, 2019 22 minutes ago, DRBee said: Recycled garbage and perhaps wishful thinking on your part. Perhaps little more can be expected from a 'new' poster. Everybody starts as a new poster so don't get on your high horse because you have 692 posts to your name. Yes, the contents of the post do hurt. Deep down i think a lot of us have at least a little worry about the situation. Link to comment Share on other sites More sharing options...
cheron85 Posted April 17, 2019 Share Posted April 17, 2019 9 hours ago, BuckTaylor64 said: Derby County are in a financial mess. Ignore those who are praising Mel Morris's claimed genius actions, the fact are! a) The club is suffering heavy losses financially. b) The wage bill need cutting by at least 70% c) The club now has very few assets to offer interested parties that may want to invest or buy the club. Unless the Stadium was sold back for a nominal fee. d) The manager will have tied hands and it will take some real magic in wheeling and dealing in the transfer market to keep us competing in the division. e) If the owner were to sell it's likely that he would have to write off much of the money that has been loaned to the club. f) Prospective buyers could sit and wait until there is a danger of the club going into administration before making an offer. I'd like to discuss/debate some of your 'facts' mostly because I bloomin' hate it when people quote their opinions as facts... These are your opinions not facts a) Losses yes - But so are many teams - And the management/owners are taking steps to try and curtail that b) Unrealistic and I think probably highlights that you don't know much about the economics of modern football c) Actually it's been discussed on a number of occasions that this could make the club MORE interesting to investors - They'd have to pay less for the club as we just took a £40m asset (on paper) out of the club so they'd have to pay £40m less d) Yes but that's been clear since he came in - That's why we have rumours going around about Bogle leaving and why we're looking at players on free transfers e) Yes and/or no - He could merely maintain the debt and not demand payment for a while/ever f) Where did you even get that from?!?!? Administration?!?!? Overall I'd say welcome to the forum - But maybe join in with a few more debates before diving straight in to create a thread which is full of opinions which have been covered a million times elsewhere Link to comment Share on other sites More sharing options...
Curtains Posted April 17, 2019 Share Posted April 17, 2019 Basically FFP is ruining Football Link to comment Share on other sites More sharing options...
SSD Posted April 17, 2019 Share Posted April 17, 2019 Funny how Mr Gibson has gone after Boro's promotion rivals. Yes, what Mel has done is bend the rules, however the blame must come down on the EFL for not closing a potential loophole. Most successful businessmen will look for any opportunity and we've exploited this. By the rules of the law, the club have done nothing wrong. I have a feeling Boro are going to be in a tight financial situation next year, hence why I think their chairman is a little bitter about this. Link to comment Share on other sites More sharing options...
Gaspode Posted April 17, 2019 Share Posted April 17, 2019 I still don't see what is so wrong with the stadium sale and why that's seen as bending the rules - we had an asset which we sold to help balance the books - that's common sense and something Forest (for example) would love to be able to do if they weren't renting their ground in the first place. The only question is whether the stadium was over-valued - well it's subjective as the club was unlikely to sell to anyone other than Mel so how do you give a fair valuation to a unique building? - it's value is what was paid - end of.... The alternative is to insist that independent valuations are used for the sales of assets (including players) as far as the budget sheet goes - which is farcical..... Link to comment Share on other sites More sharing options...
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