derby8 Posted February 3, 2021 Share Posted February 3, 2021 2 hours ago, europia said: Grim reading indeed. Probably best in the long run if the Sheikh falls through. The problem we face is that the club isn't an attractive financial proposition, so it's not easy to find someone with genuine intentions to take it on. A new owner really just needs to tidy up the infrastructure, it's all pretty modern. A reading of Derby's history reveals many financial problems over the years, largely I think down to poor financial management. Would look to balance the books, certainly initially. But Derby County should be in the top 20 or top 44 in England given the fanbase and the decent stadium. Link to comment Share on other sites More sharing options...
kevinhectoring Posted February 3, 2021 Share Posted February 3, 2021 1 hour ago, Half Fan Half Biscuit said: Derby County Football Club had a debtor due in more than one year of £74.5m in the accounts to 30/06/18. Could be the other side to the Gellaw creditor? Yes I would think so. Link to comment Share on other sites More sharing options...
Carnero Posted February 3, 2021 Share Posted February 3, 2021 11 hours ago, kevinhectoring said: Yes I would think so. Surely they'll just keep deducting the annual rent from the DCFC debtor & Gellaw creditor. No actual cash moving either way. Link to comment Share on other sites More sharing options...
kevinhectoring Posted February 3, 2021 Share Posted February 3, 2021 39 minutes ago, Carnero said: Surely they'll just keep deducting the annual rent from the DCFC debtor & Gellaw creditor. No actual cash moving either way. I’d assumed the proceeds of the loans were going to fund cash losses in the club. So if 202 is the borrower I think loan proceeds would be transferred from 202 to the club to cover those cash losses (paying down the interco position) Link to comment Share on other sites More sharing options...
ramsbottom Posted February 3, 2021 Share Posted February 3, 2021 Link to comment Share on other sites More sharing options...
Stive Pesley Posted February 4, 2021 Share Posted February 4, 2021 On 03/02/2021 at 00:17, derby8 said: A reading of Derby's history reveals many financial problems over the years, largely I think down to poor financial management This can't be right - our Chief Financial Officer since 2013 has done such an exemplary job that he was promoted to CEO in 2019! Link to comment Share on other sites More sharing options...
one_chop Posted February 4, 2021 Share Posted February 4, 2021 Is it still imminent?. Did the press ask Wayne after last night's game or have they given up too ?. Link to comment Share on other sites More sharing options...
WilkoRam Posted February 4, 2021 Share Posted February 4, 2021 7 minutes ago, one_chop said: Is it still imminent?. Did the press ask Wayne after last night's game or have they given up too ?. I think everyone has given up on this happening. Link to comment Share on other sites More sharing options...
ramsbottom Posted February 4, 2021 Share Posted February 4, 2021 Link to comment Share on other sites More sharing options...
derby8 Posted February 4, 2021 Share Posted February 4, 2021 1 hour ago, Stive Pesley said: This can't be right - our Chief Financial Officer since 2013 has done such an exemplary job that he was promoted to CEO in 2019! This goes beyond one person. There are many examples going back a very long way, before the last war Derby were in trouble for going around the then maximum wage, going to the present and the sale of the stadium to go around ffp. This 'creative accounting' was done with the best of intentions for Derby but often leads to problems down the track. Think my line as owner would be to avoid such devices. Link to comment Share on other sites More sharing options...
hintonsboots Posted February 4, 2021 Share Posted February 4, 2021 1 hour ago, derby8 said: This goes beyond one person. There are many examples going back a very long way, before the last war Derby were in trouble for going around the then maximum wage, going to the present and the sale of the stadium to go around ffp. This 'creative accounting' was done with the best of intentions for Derby but often leads to problems down the track. Think my line as owner would be to avoid such devices. Are you going to bid for the club ? Link to comment Share on other sites More sharing options...
Beetle Posted February 4, 2021 Share Posted February 4, 2021 No idea why anyone would want to own us. If we want to be competitive at the top of this league we will lose millions each year. If we get promoted we will lose even more. We can't sustain our own ambition. Link to comment Share on other sites More sharing options...
BaaLocks Posted February 4, 2021 Share Posted February 4, 2021 14 minutes ago, Beetle said: If we want to be competitive at the top of this league we will lose millions each year. If we get promoted we will lose even more. We can't sustain our own ambition. Simply not true. We are one of the top 20 average attendance of all English clubs, we have infrastructure that is the envy of many clubs higher up the league than ourselves, we have the support network to be an established Premier League club or - at least - a yo-yo one. And, managed effectively, that would make us a profitable proposition to anyone who is able to do just that - manage us effectively. Yes, we have some debt, we have not always looked after ourselves as we should, but that does not mean it should always be. That is what would be attractive to an investor - the potential of the club. I don't say the Sheikh is that person, frankly if he is then he has done a fine job of hiding his skills in a cloud of ineptitude in how to front a takeover. But, somewhere down the road, next year or the year after, someone will invest in us in the same way as they did with Cardiff, Bournemouth, Watford, West Brom, Stoke, Wolves, Middlesborough, Southampton, Fulham, Norwich, Blackburn or any other club of similar size and structure as ourselves. Link to comment Share on other sites More sharing options...
StarterForTen Posted February 4, 2021 Share Posted February 4, 2021 9 minutes ago, Beetle said: No idea why anyone would want to own us. If we want to be competitive at the top of this league we will lose millions each year. If we get promoted we will lose even more. We can't sustain our own ambition. Football in general is heading for a huge fall. I was speaking to a senior manager at the EFL this week and he told me that almost 40 clubs are actively seeking new ownership. Most clubs are living off unreturned season ticket monies from this season (which they will have to roll into credits for next season when fans will be back), plus the furlough scheme and central grants and loans. These are all going to start drying up after April and we will start to see casualties appearing at the back end of the year. Link to comment Share on other sites More sharing options...
derby8 Posted February 4, 2021 Share Posted February 4, 2021 1 hour ago, hintonsboots said: Are you going to bid for the club ? Sadly not. You may say I'm a dreamer, but I'm not the only one... Link to comment Share on other sites More sharing options...
strawhillram Posted February 4, 2021 Share Posted February 4, 2021 27 minutes ago, StarterForTen said: Football in general is heading for a huge fall. I was speaking to a senior manager at the EFL this week and he told me that almost 40 clubs are actively seeking new ownership. Most clubs are living off unreturned season ticket monies from this season (which they will have to roll into credits for next season when fans will be back), plus the furlough scheme and central grants and loans. These are all going to start drying up after April and we will start to see casualties appearing at the back end of the year. Thank goodness all the clubs in the PL are fine with their TV money etc ! Not envious but well yes I am we need Robin Hood and his Merry men to start taking from the rich clubs to give to the poor, otherwise our very existence is threatened Link to comment Share on other sites More sharing options...
derby8 Posted February 4, 2021 Share Posted February 4, 2021 47 minutes ago, Beetle said: No idea why anyone would want to own us. If we want to be competitive at the top of this league we will lose millions each year. If we get promoted we will lose even more. We can't sustain our own ambition. 2 interesting views on this above. The first one suggests someone will come in like MM did in 2015, and others have elsewhere, and that there's a good infrastructure to build on. The second one suggests around 40 clubs could be for sale, dire straits. Seems to me a good time for someone to t/o Derby and run it as a disciplined business, see where that takes us. A sustainable club whose success depends on good financial and football management. Worth a try I'd say. Link to comment Share on other sites More sharing options...
strawhillram Posted February 4, 2021 Share Posted February 4, 2021 3 minutes ago, StrawHillRam said: Thank goodness all the clubs in the PL are fine with their TV money etc ! Not envious but well yes I am we need Robin Hood and his Merry men to start taking from the rich clubs to give to the poor, otherwise our very existence is threatened By the way scrap FFP or P&S, let’s make it free for all ! Why not have a scheme where a % of transfer fees paid out go into fund to help struggling poorer clubs to survive (like us) ! Link to comment Share on other sites More sharing options...
Ram-Alf Posted February 4, 2021 Share Posted February 4, 2021 2 hours ago, derby8 said: This goes beyond one person. There are many examples going back a very long way, before the last war Derby were in trouble for going around the then maximum wage, going to the present and the sale of the stadium to go around ffp. This 'creative accounting' was done with the best of intentions for Derby but often leads to problems down the track. Think my line as owner would be to avoid such devices. George Jobey 1941 I belive. Link to comment Share on other sites More sharing options...
derby8 Posted February 4, 2021 Share Posted February 4, 2021 15 minutes ago, StrawHillRam said: By the way scrap FFP or P&S, let’s make it free for all ! Why not have a scheme where a % of transfer fees paid out go into fund to help struggling poorer clubs to survive (like us) ! There could be an argument to scrap ffp for say 5 years, then reviewed, as a way of rich owners pumping much needed cash into football, via their own clubs, the money would circulate around as transfer fees, etc. The post covid football finances will need a boost, this could be one way. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.