Nuwtfly Posted August 9, 2021 Share Posted August 9, 2021 When and where can we watch/listen to this? Link to comment Share on other sites More sharing options...
Carnero Posted August 9, 2021 Share Posted August 9, 2021 Just now, Nuwtfly said: When and where can we watch/listen to this? Sky ch513 at 9pm Nuwtfly 1 Link to comment Share on other sites More sharing options...
RAM1966 Posted August 9, 2021 Share Posted August 9, 2021 (edited) 4 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? Yes I am, but, we are circumventing the FFP again when is he going to learn? Also which investor is going to buy a football club without placing into writing that Mel is going to be responsible for the debt which he is suggesting. That's like me selling you a car that's not HPI clear and saying don't worry mate, I will keep paying the loan.... Would you buy the car? I think we know full well why investors keep pulling out of deals now! Edited August 9, 2021 by RAM1966 Derby blood 1 Link to comment Share on other sites More sharing options...
tinman Posted August 9, 2021 Share Posted August 9, 2021 It’s clear that he’s still looking to benefit the club even after handing over the reins. Gringo, r_wilcockson, Rev and 2 others 5 Link to comment Share on other sites More sharing options...
NottsRam77 Posted August 9, 2021 Share Posted August 9, 2021 Hasn’t Gibson done just this with boro mused his company on one of them to emeritus of huge debts in the form of loans to himself or something Link to comment Share on other sites More sharing options...
Gringo Posted August 9, 2021 Share Posted August 9, 2021 5 minutes ago, RAM1966 said: Yes I am, but, we are circumventing the FFP again when is he going to learn? Also which investor is going to buy a football club without placing into writing that Mel is going to be responsible for the debt which he is suggesting. That's like me selling you a car that's not HPI clear and saying don't worry mate, I will keep paying the loan.... Would you buy the car? I think we know full well why investors keep pulling out of deals now! Investors are not purchasers, for your further information they are investors, also any SPA would have a clause that the club was debt free at the point of signing that SPA. Selling the club does not circumvent FFP, in fact if it was sold debt free that would render FFP non applicable. Your faux outrage at everything to do with the club is very boring. The Scarlet Pimpernel, jono, RoyMac5 and 6 others 8 1 Link to comment Share on other sites More sharing options...
Tamworthram Posted August 9, 2021 Share Posted August 9, 2021 9 minutes ago, RAM1966 said: Yes I am, but, we are circumventing the FFP again when is he going to learn? Also which investor is going to buy a football club without placing into writing that Mel is going to be responsible for the debt which he is suggesting. That's like me selling you a car that's not HPI clear and saying don't worry mate, I will keep paying the loan.... Would you buy the car? I think we know full well why investors keep pulling out of deals now! Is he saying it wouldn’t be in writing? RAM1966 1 Link to comment Share on other sites More sharing options...
Spanish Posted August 9, 2021 Share Posted August 9, 2021 5 minutes ago, Charlotte Ram said: Investors are not purchasers, for your further information they are investors, also any SPA would have a clause that the club was debt free at the point of signing that SPA. Selling the club does not circumvent FFP, in fact if it was sold debt free that would render FFP non applicable. Your faux outrage at everything to do with the club is very boring. What debts do we owe Mel? I thought he had injected capital? Doesn’t he owe the club a wedge for PP? Link to comment Share on other sites More sharing options...
Kernow Posted August 9, 2021 Share Posted August 9, 2021 The audio bit on Derby in that link starts from just after 14 minutes for anyone wanting to listen now. RadioactiveWaste, ramit, GenBr and 2 others 3 2 Link to comment Share on other sites More sharing options...
Gringo Posted August 9, 2021 Share Posted August 9, 2021 Just now, Spanish said: What debts do we owe Mel? I thought he had injected capital? Doesn’t he owe the club a wedge for PP? He put the money in as loans, much better for tax purposes RAM1966 and RadioactiveWaste 1 1 Link to comment Share on other sites More sharing options...
Spanish Posted August 9, 2021 Share Posted August 9, 2021 Just now, Charlotte Ram said: He put the money in as loans, much better for tax purposes But loans are not allowable against P&S. RAM1966 1 Link to comment Share on other sites More sharing options...
RadioactiveWaste Posted August 9, 2021 Share Posted August 9, 2021 I know he's not popular, but Keiran M's comment was "what Morris was proposing doesn't break the letter of the law (in terms of EFL regs), but it is clearly not in the spirit" Seems things got as far as an initial meeting brokered by the middelman, who presented Mel with a potential buyer and that included discussions on structuring a deal the benefits club in FFP matters to the best effect. It's perhaps sitting in a grey area, but is also Mel not going "ta taaa I'm offski it's your problem now" Just going to listen to part 2 now. RAM1966 1 Link to comment Share on other sites More sharing options...
Carnero Posted August 9, 2021 Share Posted August 9, 2021 3 minutes ago, Spanish said: But loans are not allowable against P&S. 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. Rev 1 Link to comment Share on other sites More sharing options...
RoyMac5 Posted August 9, 2021 Share Posted August 9, 2021 So he did nothing wrong? RAM1966, LeedsRam1999 and bigbadbob 2 1 Link to comment Share on other sites More sharing options...
Gringo Posted August 9, 2021 Share Posted August 9, 2021 (edited) 15 minutes ago, Spanish said: But loans are not allowable against P&S. Loans are a balance sheet issue, not P&L which is the trading position of the club, the loans would be used to 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. Edited August 9, 2021 by Charlotte Ram missing words Dethorn 1 Link to comment Share on other sites More sharing options...
BramcoteRam84 Posted August 9, 2021 Share Posted August 9, 2021 It doesn’t seem much different to what Fawaz did when he sold Forest to the dodgy Greek, and seem to recall that also gave them FFP headroom. Link to comment Share on other sites More sharing options...
Kernow Posted August 9, 2021 Share Posted August 9, 2021 The whole "this can't be put in writing" bit regarding Morris writing off loans doesn't sound too good in isolation. I would imagine that anybody willing to do a deal of that size would probably want some kind of written guarantee that they wouldn't be stuck with £140m worth of debt. RAM1966 1 Link to comment Share on other sites More sharing options...
Gringo Posted August 9, 2021 Share Posted August 9, 2021 Just now, Kernow said: The whole "this can't be put in writing" bit regarding Morris writing off loans doesn't sound too good in isolation. I would imagine that anybody willing to do a deal of that size would probably want some kind of written guarantee that they wouldn't be stuck with £140m worth of debt. Even the most junior lawyer on the purchasing side would put that in the SPA RAM1966 1 Link to comment Share on other sites More sharing options...
i-Ram Posted August 9, 2021 Share Posted August 9, 2021 4 minutes ago, Charlotte Ram said: Even the most junior lawyer on the purchasing side would put that in the SPA Won’t the papers get wet? Ramarena, nottingram, Philmycock and 5 others 2 6 Link to comment Share on other sites More sharing options...
DarkFruitsRam7 Posted August 9, 2021 Share Posted August 9, 2021 This is going to go down well as we attempt to “build bridges” with the EFL. RAM1966 1 Link to comment Share on other sites More sharing options...
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