Gringo Posted August 9, 2021 Share Posted August 9, 2021 1 minute ago, i-Ram said: Won’t the papers get wet? Sale And Purchase Agreement.....the bible for any business sale and acquisition Link to comment Share on other sites More sharing options...
i-Ram Posted August 9, 2021 Share Posted August 9, 2021 Just now, Charlotte Ram said: Sale And Purchase Agreement.....the bible for any business sale and acquisition Ramarena, LeedsRam1999, Angry Ram and 5 others 1 7 Link to comment Share on other sites More sharing options...
cosmic Posted August 9, 2021 Share Posted August 9, 2021 44 minutes ago, Nuwtfly said: When and where can we watch/listen to this? For those who don't have Sky or don't live in the UK, it looks like you can watch Al Jazeera live for free on their website and on Youtube. Not sure if it will cut out in time for the documentary. https://www.aljazeera.com/live https://www.youtube.com/watch?v=-upyPouRrB8 Nuwtfly, ramit and RAM1966 1 2 Link to comment Share on other sites More sharing options...
Leeds Ram Posted August 9, 2021 Share Posted August 9, 2021 I've just listened to a bit of the advanced audio. I thought it was interesting that clearly A) he appeared desperate to sell given they contacted the 'interested party' even after he pulled out but b) is it just me who thought the asking price was a tad high? 100 million quid including the stadium for a second division club? I might have heard it wrong as was doing some writing as listening but maybe this is why we haven't had serious buyers as of yet because he's sticking by a high valuation for a club that's in the toilet. I'm not a financial expert of any kind either but the part about Mel wanting loans being paid back over a long period of time rather than in one go, doesn't that contradict previous interviews where he's stated the money he's sunk in he's never getting back? Or is he simply discussing writing them off over time as opposed to one go? RAM1966 1 Link to comment Share on other sites More sharing options...
G-Ram Posted August 9, 2021 Share Posted August 9, 2021 45 minutes ago, Carnero said: Sky ch513 at 9pm For some reason i thought it was ch5 which coincidently at 9pm tonight is call the bailiffs i-Ram, EtoileSportiveDeDerby, Derby4Me and 5 others 8 Link to comment Share on other sites More sharing options...
CornwallRam Posted August 9, 2021 Share Posted August 9, 2021 6 minutes ago, Charlotte Ram said: Loans are a balance sheet issue, not P&L which is the trading position of the club, the loans would be use underwrite the excess spending and keep the club solvent. As they were not, it would seem interest bearing they would not affect the P&L or cash position negatively. The P&S position is going to be affected by how much capital Mel injected. If he's put an additional £8m per season in on top of the loans, we can lose a rolling average of £13m. If he hasn't we could be down as low as £5m allowable loss. That's where it could get sticky. That audio is going to be used as proof of a deliberate attempt to act outside the spirit of the rules and will thus trigger the the extra points deduction for aggravating factors if we're even a million over the limit. Hopefully, Mel is far too cute to get caught out like that, but I'd be a lot happier if the accounts had been published. RoyMac5, r_wilcockson and RAM1966 1 1 1 Link to comment Share on other sites More sharing options...
Reggie Greenwood Posted August 9, 2021 Share Posted August 9, 2021 49 minutes ago, Carnero said: Loans from Mel, who offers to write them off as part of the deal. You're not very good at properly understanding financial matters are you? Pretty sure they are a massive WUM Link to comment Share on other sites More sharing options...
cosmic Posted August 9, 2021 Share Posted August 9, 2021 Can we merge the two threads, mods. Got a feeling there will be a plenty to talk about, would like to read it all in one space: https://dcfcfans.uk/topic/37936-the-men-who-sell-football/?tab=comments#comment-2173851 r_wilcockson, angieram and RoyMac5 2 1 Link to comment Share on other sites More sharing options...
Lander Posted August 9, 2021 Share Posted August 9, 2021 14 minutes in if you want to find the specific bit about Derby. Link to comment Share on other sites More sharing options...
Lander Posted August 9, 2021 Share Posted August 9, 2021 14 minutes in if you want to listen to the Derby specific bit. Link to comment Share on other sites More sharing options...
Rampage Posted August 9, 2021 Share Posted August 9, 2021 Do we appear to be in more of a mess after this program, about the same or do we now have a better understanding what is going on without being in more of a mess. What will EFL think of this. Who knows. RAM1966 1 Link to comment Share on other sites More sharing options...
Tamworthram Posted August 9, 2021 Share Posted August 9, 2021 40 minutes ago, Tamworthram said: Is he saying it wouldn’t be in writing? Apologies @RAM1966. I’ve just listened to the recording. RAM1966 1 Link to comment Share on other sites More sharing options...
gccrowdpleaser Posted August 9, 2021 Share Posted August 9, 2021 1 hour ago, mike93rh said: Is it?! Quote from the Al Jazeera article - "In 2012 and 2016 respectively, he set up deals for the purchase of two English clubs – Reading and Aston Villa. Both were taken to the brink of financial ruin under mysterious new owners." That's in reference to Christopher Samuelson, who Al Jazeera claim was asked by Mel directly to sell the club. Another quote from the same article - "This “ultimate man in the shadows”, was the subject of money-laundering investigations in several European countries but has never been charged." Probably the most damning is the admission from Morris he was ever working with Samuelson - "Morris told Al Jazeera... that they had not had any “formal association” with Samuelson for some time." If you ask me it absolutely stinks. https://www.ajiunit.com/article/investigation-reveals-how-football-can-be-used-to-launder-money/ It doesn't stink at all. Where money goes there are always suspect characters. Looking for something that isn't there. The Scarlet Pimpernel and Reggie Greenwood 2 Link to comment Share on other sites More sharing options...
Gee SCREAMER !! Posted August 9, 2021 Share Posted August 9, 2021 Didn't Forest do this when Fawaz went? Nothing to see here . BramcoteRam84 1 Link to comment Share on other sites More sharing options...
gccrowdpleaser Posted August 9, 2021 Share Posted August 9, 2021 1 hour ago, rams_man said: If what is in part 1 of this is true, I'm not suprised the EFL are gunning for Mel. As was said in the podcast what he was suggesting isn't against the rules but again it is a clever way of skirting around them. Forest wrote off £40m in one season in that exact way QPR have also done done the exact same thing. As have Stoke. BramcoteRam84 1 Link to comment Share on other sites More sharing options...
gccrowdpleaser Posted August 9, 2021 Share Posted August 9, 2021 Just now, Gee SCREAMER !! said: Didn't Forest do this when Fawaz went? Nothing to see here . After Fawaz Mariankis did it in one season...to the tune of £40m BramcoteRam84 1 Link to comment Share on other sites More sharing options...
cosmic Posted August 9, 2021 Share Posted August 9, 2021 The whole documentary is on YouTube now: Nuwtfly, Carl Sagan, dabber and 4 others 7 Link to comment Share on other sites More sharing options...
Spanish Posted August 9, 2021 Share Posted August 9, 2021 51 minutes ago, Carnero said: In simple terms... Mel's loans were made to the parent company. The parent company invested in DCFC as share capital. Mel will be selling the parent company shares, which puts DCFC under new ultimate ownership. Where does this fit with related party transactions. Can’t see how we will be escape embargo in this environment Link to comment Share on other sites More sharing options...
Spanish Posted August 9, 2021 Share Posted August 9, 2021 36 minutes ago, Leeds Ram said: I've just listened to a bit of the advanced audio. I thought it was interesting that clearly A) he appeared desperate to sell given they contacted the 'interested party' even after he pulled out but b) is it just me who thought the asking price was a tad high? 100 million quid including the stadium for a second division club? I might have heard it wrong as was doing some writing as listening but maybe this is why we haven't had serious buyers as of yet because he's sticking by a high valuation for a club that's in the toilet. I'm not a financial expert of any kind either but the part about Mel wanting loans being paid back over a long period of time rather than in one go, doesn't that contradict previous interviews where he's stated the money he's sunk in he's never getting back? Or is he simply discussing writing them off over time as opposed to one go? Hardly selling it for a £1. Buyer needs to find 140m just to get to the starting line and what about PP Link to comment Share on other sites More sharing options...
mike93rh Posted August 9, 2021 Share Posted August 9, 2021 24 minutes ago, gccrowdpleaser said: It doesn't stink at all. Where money goes there are always suspect characters. Looking for something that isn't there. That doesn't mean most reputable businesses choose to associate with those notorious for being the most shady. Link to comment Share on other sites More sharing options...
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