Ghost of Clough Posted January 29, 2021 Share Posted January 29, 2021 5 minutes ago, Rammy03 said: Takeover complete? I imagine the club/Mel freed up enough cash to cover December and January wages Link to comment Share on other sites More sharing options...
dcfcreece1601 Posted January 29, 2021 Share Posted January 29, 2021 9 minutes ago, Rammy03 said: Takeover complete? No chance, its been well documented that Mel has took out a few loans recently so probably one of them has cleared Link to comment Share on other sites More sharing options...
ramsbottom Posted January 29, 2021 Share Posted January 29, 2021 Link to comment Share on other sites More sharing options...
oldtimeram Posted January 29, 2021 Share Posted January 29, 2021 Why can't he fund the wages? Why does he need to take loans? I don't understand why this is the case if he is as wealthy as reported? Morris can't be broke surely? Link to comment Share on other sites More sharing options...
1967RAMS Posted January 29, 2021 Share Posted January 29, 2021 1 minute ago, oldtimeram said: Why can't he fund the wages? Why does he need to take loans? I don't understand why this is the case if he is as wealthy as reported? Morris can't be broke surely? If it’s a limited company and the loans are linked to the company, then he will not have to pay em back if the club goes into administration/liquidation They just become added to the list of creditors. I do not expect we will by the way for one moment Link to comment Share on other sites More sharing options...
Simmo’s left foot Posted January 29, 2021 Share Posted January 29, 2021 I’d be very surprised if Mel a huge amount of cash lying around. Like most wealthy businessmen most of his assets will be tied up, and his net worth is the sum of those assets (Shares in companies, property etc investment funds etc) His money will be working for him, not sat in the building society. Link to comment Share on other sites More sharing options...
Turk Thrust Posted January 29, 2021 Share Posted January 29, 2021 4 minutes ago, oldtimeram said: Why can't he fund the wages? Why does he need to take loans? I don't understand why this is the case if he is as wealthy as reported? Morris can't be broke surely? You surely don’t think that a multi millionaire has all his money in a current account at HSBC. His money will be tied up in shares, investments etc and not readily available. Asset rich, cash poor. Link to comment Share on other sites More sharing options...
oldtimeram Posted January 29, 2021 Share Posted January 29, 2021 Yes but surely he knew this when he bought the club, he'd need to put in place contingencies to free up cash for wages, signings etc? Link to comment Share on other sites More sharing options...
Simmo’s left foot Posted January 29, 2021 Share Posted January 29, 2021 11 minutes ago, oldtimeram said: Yes but surely he knew this when he bought the club, he'd need to put in place contingencies to free up cash for wages, signings etc? That’s not how it works. He owns Derby County, which is a business. Derby County as a business will have its own profit/loss and cash flow plans and will hold an amount of cash as working capital. Mel does not pay the wages, or sign players. The football club do that which he happens to be the sole shareholder. if the club need more working capital as the cash flow forecast has not come to fruition (like now) then Mel as sole shareholder will take an action, to provide cash. So he could issue new shares and sell them to himself, provide a loan, or as owner instruct the club to raise working capital/improve cash position by selling a player or releasing a player who is on high wages. 22 minutes ago, oldtimeram said: Link to comment Share on other sites More sharing options...
Tamworthram Posted January 29, 2021 Share Posted January 29, 2021 16 minutes ago, oldtimeram said: Yes but surely he knew this when he bought the club, he'd need to put in place contingencies to free up cash for wages, signings etc? How would he know when he bought the club that we’d now be in a pandemic with the impact on cash flow that is having? Link to comment Share on other sites More sharing options...
Wolfie20 Posted January 29, 2021 Share Posted January 29, 2021 18 minutes ago, oldtimeram said: Yes but surely he knew this when he bought the club, he'd need to put in place contingencies to free up cash for wages, signings etc? Of course he should have - after all, we knew a pandemic was on its' way and fans wouldn't be attending matches. Link to comment Share on other sites More sharing options...
G STAR RAM Posted January 29, 2021 Share Posted January 29, 2021 Its at times like this that even some of my posts begin to look sensible. Keep up the good work guys and girls. Link to comment Share on other sites More sharing options...
BIllyD Posted January 29, 2021 Share Posted January 29, 2021 5 minutes ago, G STAR RAM said: Its at times like this that even some of my posts begin to look sensible. Keep up the good work guys and girls. Mmmmm bit early to start drinking ?? Link to comment Share on other sites More sharing options...
oomarkwright Posted January 29, 2021 Share Posted January 29, 2021 Is there a game on Saturday? Link to comment Share on other sites More sharing options...
abertawe_ram Posted January 29, 2021 Share Posted January 29, 2021 Celebrating the payment of players' wages like a goal is a new one for me! Weird times. If we coupe rollow it up with a good result and maybe a couple or loans/freebies to help us out at cb and st then I might just pass out from overexcitment Link to comment Share on other sites More sharing options...
Barney1991 Posted January 29, 2021 Share Posted January 29, 2021 I don’t get why this takeover is taking so long. On football manager I pressed a few keys and the takeover was done not like this sham. Link to comment Share on other sites More sharing options...
Rab a dab doo Posted January 29, 2021 Share Posted January 29, 2021 That's what Mel's waiting for ,the Shiekh to press that button to finally ok the deal with the transfer of the 'dosh' Link to comment Share on other sites More sharing options...
kevinhectoring Posted January 29, 2021 Share Posted January 29, 2021 36 minutes ago, G STAR RAM said: Its at times like this that even some of my posts begin to look sensible. Don’t get carried away ? Link to comment Share on other sites More sharing options...
Wignall12 Posted January 29, 2021 Share Posted January 29, 2021 35 minutes ago, abertawe_ram said: Celebrating the payment of players' wages like a goal is a new one for me! Weird times. If we coupe rollow it up with a good result and maybe a couple or loans/freebies to help us out at cb and st then I might just pass out from overexcitment Shall we start a Mexican wave ? Link to comment Share on other sites More sharing options...
Wignall12 Posted January 29, 2021 Share Posted January 29, 2021 2 hours ago, Rampant said: Super. I expect Will Hughes, Bradley Dack, Glenn Murray and Phil Jones in by the end of the day please. Murray off to Florist i read somewhere Link to comment Share on other sites More sharing options...
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