Van der MoodHoover Posted January 1, 2021 Share Posted January 1, 2021 I've dealt with corporate transactions in the financial services space and the usual practice is to pay a sum based on the financial information that you have to hand, then allow for an "adjustment " (which could be up or down) depending on how the next set of accounts look. The trade sale price would have been set by reference to an audited balance sheet plus various cash flow forecasts. Link to comment Share on other sites More sharing options...
Ravabeerbelly Posted January 1, 2021 Share Posted January 1, 2021 4 hours ago, superzak said: I'm sure the poor playing staff on their thousands a week will cope for a month. 4 hours ago, Gritstone Ram said: I’m so concerned could someone let me know when they get their next £20k + for the month while I live off peanuts. Incredible. Simply lost for words that people think this is an ok response. a) it’s simply not the point how much they earn. b) who’s to say it’s not younger players on a bare minimum with rent to pay, car to pay, insurance to pay.... Not to mention that even if it is players on £20k a month they’ll have financial commitments to suit that just line anyone else. Ignorant. Link to comment Share on other sites More sharing options...
superzak Posted January 1, 2021 Share Posted January 1, 2021 7 hours ago, Ravabeerbelly said: Incredible. Simply lost for words that people think this is an ok response. a) it’s simply not the point how much they earn. b) who’s to say it’s not younger players on a bare minimum with rent to pay, car to pay, insurance to pay.... Not to mention that even if it is players on £20k a month they’ll have financial commitments to suit that just line anyone else. Ignorant. Who cares what you think Link to comment Share on other sites More sharing options...
Guest Posted January 1, 2021 Share Posted January 1, 2021 19 hours ago, Steve How Hard? said: How did you cope? I suppose you just had to plod on. ? Guess he needed to keep the job - it was better than just walking the streets.. Link to comment Share on other sites More sharing options...
oomarkwright Posted January 1, 2021 Share Posted January 1, 2021 Can we organise a whip round for the player's? I don't want some of them to fall into poverty at this critical time of the year. Link to comment Share on other sites More sharing options...
Ravabeerbelly Posted January 1, 2021 Share Posted January 1, 2021 1 hour ago, superzak said: Who cares what you think ? Brilliant. Just brilliant. ? Link to comment Share on other sites More sharing options...
ossieram Posted January 1, 2021 Share Posted January 1, 2021 13 hours ago, rammieib said: Would you want to work for an employer who has twice this year failed to pay you on time? At 10 grand a week, yes please. Link to comment Share on other sites More sharing options...
Ravabeerbelly Posted January 1, 2021 Share Posted January 1, 2021 42 minutes ago, ossieram said: At 10 grand a week, yes please. Then load yourself up to the hilt with a massive mortgage spread over 10 years because you know at best, that’ll be how long you have a job for....if you are very very lucky.....then accept that you probably won’t even live in that house for more than a year or two because it’s very likely at some point the club will decide to release you or cash in and sell you.....all at their convenience not yours....and you’ll have to move, rent it or sell it, or at least make sure it’s not sitting empty costing you....so you may end up with rent and a mortgage or two mortgages.... Then see how missing a months wages hurts you.... Link to comment Share on other sites More sharing options...
RamNut Posted January 1, 2021 Share Posted January 1, 2021 1 hour ago, oomarkwright said: Can we organise a whip round for the player's? I don't want some of them to fall into poverty at this critical time of the year. It’s disrespectful to the players. When this happened under Pickering, Danny higginbotham claimed breach of contract and demanded a free transfer. We don’t want to risk losing players or pissing them off. We have a good group. We’re not too far away from building something. Link to comment Share on other sites More sharing options...
Tyler Durden Posted January 1, 2021 Share Posted January 1, 2021 7 minutes ago, RamNut said: It’s disrespectful to the players. When this happened under Pickering, Danny higginbotham claimed breach of contract and demanded a free transfer. We don’t want to risk losing players or pissing them off. We have a good group. We’re not too far away from building something. This. I've already posted that Derby as an employer have breached the contracts of all of their players by not paying them on time. Whether any of them then progresses this matter now is their prerogative but the bare facts are the club have now given them the opportunity to do this if they so wished. They could sue Derby for late payment charges for mortgage payments or car leasing fees for example or even worse try to claim that their contract is now null and void. If Morris has used this as a kick up the bum to the potential new investors then it's a very dangerous game to play. Link to comment Share on other sites More sharing options...
Anag Ram Posted January 1, 2021 Share Posted January 1, 2021 19 hours ago, Tyler Durden said: I thought it was unsequenced bank notes shoved into brown envelopes secreted behind the cistern in trap 2 of Markeaton Park toilets to be fair. Yeah, that’s what we were looking for, your Honour? Link to comment Share on other sites More sharing options...
Philmycock Posted January 1, 2021 Share Posted January 1, 2021 32 minutes ago, Ravabeerbelly said: Then load yourself up to the hilt with a massive mortgage spread over 10 years because you know at best, that’ll be how long you have a job for....if you are very very lucky.....then accept that you probably won’t even live in that house for more than a year or two because it’s very likely at some point the club will decide to release you or cash in and sell you.....all at their convenience not yours....and you’ll have to move, rent it or sell it, or at least make sure it’s not sitting empty costing you....so you may end up with rent and a mortgage or two mortgages.... Then see how missing a months wages hurts you.... Are you Ikechi Anya? Link to comment Share on other sites More sharing options...
Mick Brolly Posted January 1, 2021 Share Posted January 1, 2021 Probably already been sorted ,I'd hope we haven't got any players that would seek to take the matter further unless it has caused a major financial issue. Link to comment Share on other sites More sharing options...
Archied Posted January 1, 2021 Share Posted January 1, 2021 1 hour ago, ossieram said: At 10 grand a week, yes please. Poss not so much if you could get similar money for the same work from lots of other employers ,, Link to comment Share on other sites More sharing options...
Gee SCREAMER !! Posted January 1, 2021 Share Posted January 1, 2021 27 minutes ago, Ravabeerbelly said: Then load yourself up to the hilt with a massive mortgage spread over 10 years because you know at best, that’ll be how long you have a job for....if you are very very lucky.....then accept that you probably won’t even live in that house for more than a year or two because it’s very likely at some point the club will decide to release you or cash in and sell you.....all at their convenience not yours....and you’ll have to move, rent it or sell it, or at least make sure it’s not sitting empty costing you....so you may end up with rent and a mortgage or two mortgages.... Then see how missing a months wages hurts you.... You should get the contracted pay at the agreed date of payment. However, the average first team Derby County footballer could buy the average 3-4 bed house in a very good area with the best car to go on the drive with 6 months wages. Let's not forget the lovely signing on fee if the club cashs in, the player does as well, they won't leave unless they benefit. I wouldn't concern yourself too much. Link to comment Share on other sites More sharing options...
Ken Tram Posted January 1, 2021 Share Posted January 1, 2021 18 hours ago, David said: 18 hours ago, Rev said: Let's hope it doesn't drag on into next week or beyond. Clubs in default of payments to players will ordinarily be subject to an embargo. The EFL does recognise there are cases where payment may well be in dispute, but expects the matter to have been referred to a Player Related Dispute Commission in accordance with Regulation 73 for resolution to avoid the imposition of the embargo. https://www.efl.com/-more/governance/efl-rules--regulations/section-6---players/ Expand Worth mentioning the embargo is only until the payment has been made. This situation must surely shift potential players towards other clubs (even if only slightly), if other clubs offer greater certainty. Link to comment Share on other sites More sharing options...
kevinhectoring Posted January 1, 2021 Share Posted January 1, 2021 3 minutes ago, Mick Brolly said: Probably already been sorted ,I'd hope we haven't got any players that would seek to take the matter further unless it has caused a major financial issue. Exactly. This is probably a hiccup and you can see why it could very easily happen in this sort of situation SM and WR will have calmed down the players im sure. Why can’t we all be more positive? The fact that Derventio told the club the cash is on the way indicates the takeover is done and dusted. That’s the only way to explain it. That’s the big takeaway from this and we should all be delighted Link to comment Share on other sites More sharing options...
Ken Tram Posted January 1, 2021 Share Posted January 1, 2021 The potential effect upon the motivation and morale of the players - after not getting paid on time - might friend upon whether they believe that their salaries are genuinely justified. If they believe that their salary is genuinely justified, then they might be annoyed and not perform (or even refuse to go to work). If they appreciate that they work in some sort of bizarre bubble that pays astronomical wages, then they may be flexible about the late pay. (Someone wrote that last time this happened we got 10 out of 15 points, or something, so, hopefully, it won't affect the players.) Link to comment Share on other sites More sharing options...
angieram Posted January 1, 2021 Share Posted January 1, 2021 2 hours ago, oomarkwright said: Can we organise a whip round for the player's? I don't want some of them to fall into poverty at this critical time of the year. Yes, I'll donate my season ticket refund. Oops, hang on a minute ....... Link to comment Share on other sites More sharing options...
Ken Tram Posted January 1, 2021 Share Posted January 1, 2021 23 hours ago, David said: the closing funds have been remitted What does "remitted" mean? (My Swype keyboard didn't recognise the word!) And why do press statements not use plain English?! Link to comment Share on other sites More sharing options...
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