i-Ram Posted November 26, 2020 Share Posted November 26, 2020 56 minutes ago, CornwallRam said: They aren't appealing the stadium valuation. They are appealing the amortisation policy, or at least our disclosure of it. They haven't ruled out a points deduction if we're found guilty. The EFL also reserve the right to re-open previous cases if new information comes to light - such as a club being bought for £60m including a stadium previously valued at £80m. You do keep making this misleading point. The purchaser is buying assets and also liabilities. Additionally the purchaser is buying a club that is losing let’s say £10m PA (because I can’t be arsed to look). Nobody, and I mean nobody, buys any business simply based on the value of its assets. G STAR RAM, Angry Ram and GenBr 3 Link to comment Share on other sites More sharing options...
JuanFloEvraTheCocu'sNesta Posted November 26, 2020 Share Posted November 26, 2020 1 hour ago, CornwallRam said: They aren't appealing the stadium valuation. They are appealing the amortisation policy, or at least our disclosure of it. They haven't ruled out a points deduction if we're found guilty. The EFL also reserve the right to re-open previous cases if new information comes to light - such as a club being bought for £60m including a stadium previously valued at £80m. As the club don't own the stadium that doesn't factor in. They buy the club for 60 million then lease the stadium from Mel. Link to comment Share on other sites More sharing options...
CornwallRam Posted November 26, 2020 Share Posted November 26, 2020 Just now, i-Ram said: You do keep making this misleading point. The purchaser is buying assets and also liabilities. Additionally the purchaser is buying a club that is losing let’s say £10m PA (because I can’t be arsed to look). Nobody, and I mean nobody, buys any business simply based on the value of its assets. That is a huge over simplification and simply untrue. Link to comment Share on other sites More sharing options...
i-Ram Posted November 26, 2020 Share Posted November 26, 2020 Just now, CornwallRam said: That is a huge over simplification and simply untrue. In what way is it untrue? Link to comment Share on other sites More sharing options...
CornwallRam Posted November 26, 2020 Share Posted November 26, 2020 1 minute ago, JuanFloEvraTheCocu'sNesta said: As the club don't own the stadium that doesn't factor in. They buy the club for 60 million then lease the stadium from Mel. Agree that it is irrelevant if the £60m doesn't include the stadium. It's only if the stadium is included that the EFL will possibly look again. Link to comment Share on other sites More sharing options...
Van der MoodHoover Posted November 26, 2020 Share Posted November 26, 2020 1 hour ago, CornwallRam said: They aren't appealing the stadium valuation. They are appealing the amortisation policy, or at least our disclosure of it. They haven't ruled out a points deduction if we're found guilty. The EFL also reserve the right to re-open previous cases if new information comes to light - such as a club being bought for £60m including a stadium previously valued at £80m. well whats wrong with that? DCFC £60m.........= Stadium value £80m plus value of first team squad £(20)m = £60m and voila! GlastoEls 1 Link to comment Share on other sites More sharing options...
Gee SCREAMER !! Posted November 26, 2020 Share Posted November 26, 2020 2 minutes ago, CornwallRam said: Agree that it is irrelevant if the £60m doesn't include the stadium. It's only if the stadium is included that the EFL will possibly look again. I'm not worried. If he sold it for a tenner it doesn't overly matter as he could just say he sold it for a loss to get the deal done as long as he owns the fixed asset outright ? . More concerned about any deal getting done at all. Link to comment Share on other sites More sharing options...
BriggRam Posted November 26, 2020 Share Posted November 26, 2020 5 minutes ago, Van der MoodHoover said: well whats wrong with that? DCFC £60m.........= Stadium value £80m plus value of first team squad £(20) Quid FIFY 66DegreesNorth 1 Link to comment Share on other sites More sharing options...
Topram Posted November 26, 2020 Share Posted November 26, 2020 Steve Nicholson said the delay isn’t to do with the appeal Link to comment Share on other sites More sharing options...
Boycie Posted November 26, 2020 Share Posted November 26, 2020 2 minutes ago, Topram said: Steve Nicholson said the delay isn’t to do with the appeal Yes, we won it. Link to comment Share on other sites More sharing options...
BIllyD Posted November 26, 2020 Share Posted November 26, 2020 27 minutes ago, Gee SCREAMER !! said: I'm not worried. If he sold it for a tenner it doesn't overly matter as he could just say he sold it for a loss to get the deal done as long as he owns the fixed asset outright ? . More concerned about any deal getting done at all. Exactly, could argue that the day to day running of the club outweighed the value of the stadium and therefore he sold it at a big loss as that was the offer on the table, alternative is the club would have to be placed in administration. Link to comment Share on other sites More sharing options...
hintonsboots Posted November 26, 2020 Share Posted November 26, 2020 5 minutes ago, Topram said: Steve Nicholson said the delay isn’t to do with the appeal Did he say what it’s to do with? Link to comment Share on other sites More sharing options...
BuckoBeast Posted November 26, 2020 Share Posted November 26, 2020 (edited) 9 minutes ago, Topram said: Steve Nicholson said the delay isn’t to do with the appeal What is it to do with Edited November 26, 2020 by BuckoBeast Link to comment Share on other sites More sharing options...
DerbyNutter Posted November 26, 2020 Share Posted November 26, 2020 10 minutes ago, Topram said: Steve Nicholson said the delay isn’t to do with the appeal I hope people finally realise that now. 8 minutes ago, Boycie said: Yes, we won it. Yeah but people still think this stuff is causing the delay etc. I don't know why they think that way anyway. Link to comment Share on other sites More sharing options...
CornwallRam Posted November 26, 2020 Share Posted November 26, 2020 45 minutes ago, i-Ram said: In what way is it untrue? If the takeover goes through and the stadium is included, the EFL will take note of the valuation of the stadium in the transaction. If it is below the value that Mel used in his FFP wheeze, they may consider re-opening the case. The value of other assets and liabilities are irrelevant in this case. If the headline figure is £60m it will increase pressure (with insistence from Gibson) for them to act. That does not mean they will, or that such an action could not be successfully defended, but to claim that it is not possible is simply wrong. Link to comment Share on other sites More sharing options...
MackworthRamIsGod Posted November 26, 2020 Share Posted November 26, 2020 18 minutes ago, Boycie said: Yes, we won it. Did we? I didnt think the appeal had been heard yet? Link to comment Share on other sites More sharing options...
Gritstone Ram Posted November 26, 2020 Share Posted November 26, 2020 54 minutes ago, JuanFloEvraTheCocu'sNesta said: As the club don't own the stadium that doesn't factor in. They buy the club for 60 million then lease the stadium from Mel. If that’s the case they are seriously getting ripped off. Without the stadium I wouldn’t pay peanuts for it. JuanFloEvraTheCocu'sNesta and Angry Ram 1 1 Link to comment Share on other sites More sharing options...
Rev Posted November 26, 2020 Share Posted November 26, 2020 25 minutes ago, Boycie said: Yes, we won it. It was decided that Boro couldn't pile on ongoing litigation, not that we've beaten that litigation. Link to comment Share on other sites More sharing options...
Nuwtfly Posted November 26, 2020 Share Posted November 26, 2020 "Derby's takeover by Sheikh Khaled is still on course to go through, but has been delayed by negotiations involving American investors MSD Capital and the prospective new owners. MSD Capital provided Derby with one substantial loan earlier this year and paperwork is still being exchanged between the two parties before the takeover can be concluded." angieram, MackworthRamIsGod, ThePrisoner and 2 others 1 4 Link to comment Share on other sites More sharing options...
dantheram Posted November 26, 2020 Share Posted November 26, 2020 2 hours ago, hintonsboots said: Did he say what it’s to do with? The league table ? EtoileSportiveDeDerby and hintonsboots 1 1 Link to comment Share on other sites More sharing options...
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