GenBr Posted November 4, 2020 Share Posted November 4, 2020 3 hours ago, Reggie Greenwood said: It was not sold because Mel "cocked" up . It was sold as another means of Mel being able to further financially support the club within FFP He sold it because he failed to stay within the FFP limitations. He knew the rules and failed to follow them - you can call it want you want, but it certainly wasn't because he wanted to pour millions back in to the club. You can call it want you want, i don't really care, but it was a failure on his part - not some philanthropic endeavour. If the EFL had told him it wasn't ok to do when the club asked we'd have been up poo creek without a paddle right now. Link to comment Share on other sites More sharing options...
GenBr Posted November 4, 2020 Share Posted November 4, 2020 28 minutes ago, Reggie Greenwood said: It’s called backing your Manager and Mel has tried to find ways of increasing that backing with creative methods , now whether some of those Managers should have been employed is a different matter . Our amortisation policy is not against the rules and is used by some elite clubs in Europe . Likely relegation ? Why because what Mel did was in the rules but both of those have been debated to death on here like the CM9 situation. we all have our opinions Breaching FFP is not within the rules though is it - christ alive. He is lucky the EFL changed the rules when they did and then agreed to allow us to sell the stadium when they did otherwise we'd have had a points deduction. He cocked up spunking too much money away on players and had to sell the stadium to fix said mistake. He didnt sell the stadium to be able to invest more - he sold it to cover the problems created in previous seasons. Backing the manager is a meaningless statement. He knew the limits of what he could spend and failed to follow them. By your logic Mel can just give his manager £100 mill to spend and ignore FFP because he is "backing the manager" Link to comment Share on other sites More sharing options...
Rev Posted November 4, 2020 Share Posted November 4, 2020 Would Mel have to inform the council should he sell the stadium outside of his control, as it's a community asset? Link to comment Share on other sites More sharing options...
i-Ram Posted November 4, 2020 Share Posted November 4, 2020 1 hour ago, YoxallRam said: Didn’t think so. So you’re the one spreading fake information now. It was very obviously a joke buddy. Chill. Link to comment Share on other sites More sharing options...
Topram Posted November 4, 2020 Share Posted November 4, 2020 27 minutes ago, DerbyPride said: Big day tomorrow watch them reject it Link to comment Share on other sites More sharing options...
Reggie Greenwood Posted November 4, 2020 Share Posted November 4, 2020 25 minutes ago, GenBr said: He sold it because he failed to stay within the FFP limitations. He knew the rules and failed to follow them - you can call it want you want, but it certainly wasn't because he wanted to pour millions back in to the club. You can call it want you want, i don't really care, but it was a failure on his part - not some philanthropic endeavour. If the EFL had told him it wasn't ok to do when the club asked we'd have been up poo creek without a paddle right now. Not wanting an argument it’s all opinions but I recall Mel saying that this was one of the options and if the EFL had said no he would have done something different. Link to comment Share on other sites More sharing options...
Josh Posted November 4, 2020 Share Posted November 4, 2020 9 minutes ago, Topram said: Big day tomorrow watch them reject it They will do. Corrupt cnuts Link to comment Share on other sites More sharing options...
Ellafella Posted November 4, 2020 Share Posted November 4, 2020 2 minutes ago, Josh said: They will do. Corrupt cnuts You've mis-typed "nuts" ? Link to comment Share on other sites More sharing options...
Reggie Greenwood Posted November 4, 2020 Share Posted November 4, 2020 40 minutes ago, DerbyPride said: So could be any time in the next 6 months the speed the EFL move ? Link to comment Share on other sites More sharing options...
MackworthRamIsGod Posted November 4, 2020 Share Posted November 4, 2020 16 minutes ago, Topram said: Big day tomorrow watch them reject it Of course they will reject it. Link to comment Share on other sites More sharing options...
Millenniumram Posted November 4, 2020 Share Posted November 4, 2020 Hopefully hear some news tomorrow then Link to comment Share on other sites More sharing options...
Gringo Posted November 4, 2020 Share Posted November 4, 2020 3 minutes ago, Reggie Greenwood said: So could be any time in the next 6 months the speed the EFL move ? I truly hope they reject the "take over" Link to comment Share on other sites More sharing options...
Topram Posted November 4, 2020 Share Posted November 4, 2020 2 minutes ago, Millenniumram said: Hopefully hear some news tomorrow then More likely Friday after the meeting Link to comment Share on other sites More sharing options...
Gringo Posted November 4, 2020 Share Posted November 4, 2020 Why would an alleged billionaire want to buy an unfashionable football club located in the middle of England? If something seems too good to be true, it usually is. Link to comment Share on other sites More sharing options...
Spanish Posted November 4, 2020 Share Posted November 4, 2020 1 hour ago, Reggie Greenwood said: It’s called backing your Manager and Mel has tried to find ways of increasing that backing with creative methods , now whether some of those Managers should have been employed is a different matter . Our amortisation policy is not against the rules and is used by some elite clubs in Europe . Likely relegation ? Why because what Mel did was in the rules but both of those have been debated to death on here like the CM9 situation. we all have our opinions No it’s not backing it is poor corporate governance. I can’t criticise his devotion to our club but we are now playing poorly and do not own our own pitch. Without selling the stadium we would be 12 points worse off nothing to do with last ditch creative accounting. His reign could not be termed a success. Football is a hard business and you get no points for trying hard and being a bit unlucky Link to comment Share on other sites More sharing options...
Spanish Posted November 4, 2020 Share Posted November 4, 2020 14 minutes ago, Reggie Greenwood said: Not wanting an argument it’s all opinions but I recall Mel saying that this was one of the options and if the EFL had said no he would have done something different. First time I have heard that and would be interested to read more. We are talking in the multi millions and i probably have preferred him to have gone for option 2 rather than we losing our stadium Link to comment Share on other sites More sharing options...
CornwallRam Posted November 4, 2020 Share Posted November 4, 2020 1 minute ago, Asheville Ram said: Why would an alleged billionaire want to buy an unfashionable football club located in the middle of England? If something seems too good to be true, it usually is. Oddly, whilst comparing this season to the last time we were relegated from this division in 83-84, I noticed that both Chelsea and Man City were also 2nd Division clubs then. Amazing what injecting a load of cash can accomplish. Link to comment Share on other sites More sharing options...
jimbo jones Posted November 4, 2020 Share Posted November 4, 2020 6 minutes ago, Asheville Ram said: Why would an alleged billionaire want to buy an unfashionable football club located in the middle of England? If something seems too good to be true, it usually is. I don’t know, ask the bloke who owns Leicester. Link to comment Share on other sites More sharing options...
Philmycock Posted November 4, 2020 Share Posted November 4, 2020 7 minutes ago, Asheville Ram said: Why would an alleged billionaire want to buy an unfashionable football club located in the middle of England? If something seems too good to be true, it usually is. Same reason that a billionaire bought the unfashionable football club located in rainy Manchester? Link to comment Share on other sites More sharing options...
Josh Posted November 4, 2020 Share Posted November 4, 2020 13 minutes ago, Asheville Ram said: Why would an alleged billionaire want to buy an unfashionable football club located in the middle of England? If something seems too good to be true, it usually is. Ask Fosun about Wolves too. Link to comment Share on other sites More sharing options...
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