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Derby County Administration (with the slight possibility of Liquidation still there)


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16 minutes ago, RoyMac5 said:

Mel said he'd keep paying the clubs outgoings - after one of the failed takeovers? Can't remember.

But yeah whatever, Mel didn't say it and coudn't give a poo if the club goes to the wall, nowt to do with him. 😄

No. It was made clear that he would not continue to do this for ever. Take a look at what Chris Coles told us 

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Just now, kevinhectoring said:

He obviously didn’t say for ever. And Chris Coles has updated us since 

So he didn't give a damn then after he'd spent more than his money, other peoples too. Fair enough if you say so. Makes me think even less of his Derby tenure. I assumed he was going to say he quit because of his health, but no it was because he wouldn't put any more money in. Thanks. 👍

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2 minutes ago, RoyMac5 said:

So he didn't give a damn then after he'd spent more than his money, other peoples too. Fair enough if you say so. Makes me think even less of his Derby tenure. I assumed he was going to say he quit because of his health, but no it was because he wouldn't put any more money in. Thanks. 👍

Where does it come from, this idea that the owner is obliged to continue to fund come rain or shine ?

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I have just spent a few hours in the car and as such I thought would listen to radio dreary sport scene and talk sport with tango man and listen to what was said very carefully apologies to anyone if i a repeating what has already been posted but here are the things I gleaned;

1. Radio Derby reported that Mel Morris had Covid for 3 weeks from 13th August and was on a ventilator for 2 weeks .

2. On talk sport tango man asked the administrator if the end of the moratorium on the HMRC issuing winding up orders was the reason that the club was put into admin so quickly last Friday and surprise surprise the moratorium ends next Thursday so that explains the rush as the HMRC would have made a dash to the high court for that winding up order

3. birch stated that more points deductions were more likely than not, so that is a definite then

4. administrator stated there would be no exclusivity for any bidder, so it looks like an auction, which makes sense as the administrators are almost definitely on a percentage of the sale price.

5. information sale memorandum out Monday I wonder how long until it is leaked on the web?

alll interesting points to my mind as these facts explain the process so far

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16 minutes ago, kevinhectoring said:

What actually did he say ? 

Interview in February

His personal investment in Derby since he took control in 2015 is now ‘more than £200million’, and despite that being money he will NEVER recover, he will continue to bankroll the club until ‘a new custodian for this great club’ is in place

For fans worried about the club’s short and medium-term future, Morris insists he will be around to keep it afloat until a transition to a new owner is complete, whoever that is. ‘Literally every day is spent trying to work out how to improve our situation,’ he says.

Despite everything, he says he has no regrets about spending more than £200m on his club. ‘I don’t believe in having regrets. You do something and you get on with it. Looking backwards never does anyone any good. My focus every single day is to get this club into the best possible position going forward, as it always has been.’

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17 minutes ago, Gee SCREAMER !! said:

Interview in February

His personal investment in Derby since he took control in 2015 is now ‘more than £200million’, and despite that being money he will NEVER recover, he will continue to bankroll the club until ‘a new custodian for this great club’ is in place

For fans worried about the club’s short and medium-term future, Morris insists he will be around to keep it afloat until a transition to a new owner is complete, whoever that is. ‘Literally every day is spent trying to work out how to improve our situation,’ he says.

Despite everything, he says he has no regrets about spending more than £200m on his club. ‘I don’t believe in having regrets. You do something and you get on with it. Looking backwards never does anyone any good. My focus every single day is to get this club into the best possible position going forward, as it always has been.’

And is that A an indication of his intention given the likely timescale or B an undertaking that whatever the EFl does to him and whatever else happens he will fund in perpetuity ?? 
B, you seem to be saying   Really ?

No. Not in the real world 

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19 minutes ago, kevinhectoring said:

And is that A an indication of his intention given the likely timescale or B an undertaking that whatever the EFl does to him and whatever else happens he will fund in perpetuity ?? 
B, you seem to be saying   Really ?

No. Not in the real world 

The words are there in black and white.  It can't be read any other way.  No ifs no buts .  If that doesn't suit you that's your issue .  

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3 minutes ago, Gee SCREAMER !! said:

The words are there in black and white.  It can't be read any other way.  No ifs no buts .  If that doesn't suit you that's your issue .  

A or B? Or something else. Just let us know what you think the words mean. 

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54 minutes ago, kevinhectoring said:

And is that A an indication of his intention given the likely timescale or B an undertaking that whatever the EFl does to him and whatever else happens he will fund in perpetuity ?? 
B, you seem to be saying   Really ?

No. Not in the real world 

Is your point that in the 'real world', someone who has spent a fortune on a football club, saddled it with huge debts and completely unsustainable wages, who then finds out no one wants to buy that club, might one day decide to dump the club into administration and walk away if the EFL refuse him a loan to add to all the club's other debts? Even if he told the fans who cared deeply about his club that he'd protect it, and explicitly said he wouldn't walk away until he'd found a buyer?

Okay. Maybe that happens in the 'real world'. In which case what also happens in the 'real world' is that people like me judge people like him. With good reason. 

All the choices he made that put us here were his, all the reassurances he gave he chose to give. Or perhaps he wasn't living in the 'real world' when he did the reckless things he did, and gave the reassurances he wouldn't keep?

 

Edited by vonwright
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1 hour ago, kevinhectoring said:

Where does it come from, this idea that the owner is obliged to continue to fund come rain or shine ?

Well yeah it was the owner that gambled on promotion… if we gambled at the casino and didn’t win, we’ve lost our money. I can’t exactly say to the dealer, “well I didn’t win so I’m not giving you my money” 

He could have simply backed us within FFP, stuck it out with managers etc. But no every single year we had to spend a fortune paying over the odds for players and gambling on promotion. 
 

I mean even under Cocu… £10m on Beliek, whose brain child was that?! “I  know what will get us out of this league £10m CDM” not Ivan Toney, Ollie Watkins, Jarred Bowen etc. CDM. Ffs 🤦‍♂️
 

If this was genuinely covid then great yeah fair enough. But no, Mel bought the club virtually Derby free. I think he paid off a small mortgage on the ground when he took over. We are currently £50/60m in debt. What has he actually put into the club? Apparently we have a £30m turnover in the the championship… so 5 years at £30m = £150m plus £50m debt = 200m. I doubt he’s put much money in the club at all. 
 

IMO he should pay off all the clubs debts and stop waiting for other people to clear up his mess 

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18 minutes ago, Gee SCREAMER !! said:

The words mean exactly what they say in the article. I'll bankroll the club till we get a buyer.  Is there something hidden in lemon juice I should be heating up . Some hidden caveat . 

B then.    The real world not in keeping with your agenda 

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4 minutes ago, vonwright said:

Is your point that in the 'real world', someone who has spent a fortune on a football club, saddled it with huge debts and completely unsustainable wages, who then finds out no one wants to buy that club, might one day decide to dump the club into administration and walk away? Even if he told the fans who cared deeply about his club that he'd protect it, and explicitly said he wouldn't walk away until he'd found a buyer?

Okay. Maybe that happens in the 'real world'. In which case what also happens in the 'real world' is that people like me judge people like him. With good reason. 

All the choices he made that put us here were his, all the reassurances he gave he chose to give. Or perhaps he wasn't living in the 'real world' when he did the reckless things he did, and gave the reassurances he wouldn't keep?

 

My point is quite a simple and obvious one. In the real world, if someone makes a general statement to the press,  what they are not doing is making some sort of formal undertaking to do something extraordinary. It’s quite simple. Unless it doesn’t fit your agenda 

You’ve confused this by saying what you think he ought to have done or said. You’re entitled to your view on that. That’s a different debate 

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