Stive Pesley Posted September 18, 2021 Share Posted September 18, 2021 22 minutes ago, Tyler Durden said: Incidentally, in case anyone had forgot Morris did make some charity donations once. Am sure all of the staff potentially losing their jobs will be heartened to hear that. Yep - he donated £12m to his own charity. 5 years later and that charity still has £9m of it sat in the bank Maybe the charity will give grants to all the people losing their jobs? i-Ram and Tyler Durden 1 1 Link to comment Share on other sites More sharing options...
Van der MoodHoover Posted September 18, 2021 Share Posted September 18, 2021 1 minute ago, Rammy03 said: A bit incoherent but the sentiment was decent and sounded heartfelt. ramit 1 Link to comment Share on other sites More sharing options...
atherstoneram Posted September 18, 2021 Share Posted September 18, 2021 23 minutes ago, Tyler Durden said: Incidentally, in case anyone had forgot Morris did make some charity donations once. Am sure all of the staff potentially losing their jobs will be heartened to hear that. I wonder if the club can apply for one of his sports grants? Tyler Durden and Stive Pesley 2 Link to comment Share on other sites More sharing options...
Guest Posted September 18, 2021 Share Posted September 18, 2021 I have not read all of the responses so forgive me if some or all of this has been said before. This is written from my own experience of working for a company that went into administration When a company goes into administration the directors are no longer under control, and if they are an employee of the company the administrator can decide to make them redundant, as they can any other employee. So that is that for Mel, he will now have relinquished control. If the are more than 20 employees to go there should be a consultation period, but in reality this never happens and employees will often have to go to court to get a protective award with the government effectively paying the redundancy money. The administrator will try and sell the business as a going concern if at all possible, keeping it going in the meantime. For anyone wanting to buy the club this is the ideal time to do it, the administrator will not normally turn down any reasonable offer. if no one comes forward then the business is simply liquidated and all of the assists sold of piecemeal to raise as much cash to pay creditors. So if anyone is interested in buying DCFC then there is no better time than now financially speaking. For me this step by Mel was inevitable, not saying it’s right or even moral, but for me the writing was on the wall once the two deals fell though Andrew Link to comment Share on other sites More sharing options...
CornwallRam Posted September 18, 2021 Share Posted September 18, 2021 I think there's one thing we can now agree on, this is irrefutable proof that the black shorts are the problem. Whoever our new owners are, to achieve success we obviously need to revert to our proper colours of white and navy blue. As a song once said, 'we'll follow the great white and blue'. bimmerman and Day 2 Link to comment Share on other sites More sharing options...
atherstoneram Posted September 18, 2021 Share Posted September 18, 2021 Just now, CornwallRam said: I think there's one thing we can now agree on, this is irrefutable proof that the black shorts are the problem. Whoever our new owners are, to achieve success we obviously need to revert to our proper colours of white and navy blue. As a song once said, 'we'll follow the great white and blue'. I think we should have a complete change and go back to Pink for the home strip bimmerman, GenBr and AbuDerbyDave 3 Link to comment Share on other sites More sharing options...
Olton Ram Posted September 18, 2021 Share Posted September 18, 2021 14 minutes ago, CornwallRam said: I think there's one thing we can now agree on, this is irrefutable proof that the black shorts are the problem. Whoever our new owners are, to achieve success we obviously need to revert to our proper colours of white and navy blue. As a song once said, 'we'll follow the great white and blue'. Link to comment Share on other sites More sharing options...
EraniosSocks Posted September 18, 2021 Share Posted September 18, 2021 Ed Dawes still aboard the Mel Morris train.. Can the administration sell him on? Link to comment Share on other sites More sharing options...
Tyler Durden Posted September 18, 2021 Share Posted September 18, 2021 2 minutes ago, EraniosSocks said: Ed Dawes still aboard the Mel Morris train.. Can the administration sell him on? Link to comment Share on other sites More sharing options...
Loftyhites Posted September 18, 2021 Share Posted September 18, 2021 (edited) I think the new club coming out of this: ‘Derby City’ will have pink shirts as the home kit. The away kit will have white fluffy arms to remind folk of a team called Derby County that were once a team around here. Never thought after living through the 1984 ‘twenty-four hours to liquidation’, Maxwell and then the amigos, we would find ourselves here again. We can now add the Morris era to this list of financial shenanigans if we get through this. With the amount of debt, the high inevitably of League One and the current financial climate, I’m not sure we will. Has anyone got Stuart Webb’s phone number! Edited September 18, 2021 by Loftyhites Link to comment Share on other sites More sharing options...
Loftyhites Posted September 18, 2021 Share Posted September 18, 2021 18 minutes ago, atherstoneram said: I think we should have a complete change and go back to Pink for the home strip Link to comment Share on other sites More sharing options...
davenportram Posted September 18, 2021 Share Posted September 18, 2021 6 hours ago, G STAR RAM said: But that debt is secured against his biggest asset, which he will now lose on the cheap. Makes no sense to me. Just smacks of him being completely desperate to offload a failed project and shaft anyone and everyone in the process. I think fan reaction will have played a major part in this. He couldn't get enough of it when the majority adored him. If he owns it personally why would he lose the ground? Didn’t he buy it? He’ll just lease it to us and milk the club again Link to comment Share on other sites More sharing options...
GenBr Posted September 18, 2021 Share Posted September 18, 2021 8 minutes ago, davenportram said: If he owns it personally why would he lose the ground? Didn’t he buy it? He’ll just lease it to us and milk the club again Didnt we take a loan with the stadium as security? Which we now lose to Dell no? Link to comment Share on other sites More sharing options...
davenportram Posted September 18, 2021 Share Posted September 18, 2021 11 minutes ago, GenBr said: Didnt we take a loan with the stadium as security? Which we now lose to Dell no? We already lease it from him https://www.google.co.uk/amp/s/www.derbytelegraph.co.uk/sport/football/football-news/pride-park-sale-mel-morris-3290644.amp how can we have taken a loan against a stadium we do not own. cynic says Mel bought the stadium knowing that if he ever sold Derby he’d always have an income. If EFL punished it for us he’d still have an income if we got points deducted and went down. in short he guaranteed himself an income if Derby County is around - if liquidated he’s got a huge chunk of land to sell for developments Link to comment Share on other sites More sharing options...
Raich Carter Posted September 18, 2021 Share Posted September 18, 2021 (edited) 13 minutes ago, GenBr said: Didnt we take a loan with the stadium as security? Which we now lose to Dell no? This is what the administrators decide. Basically, the board are no longer involved in the key decisions so the administrators make decisions based on short-term financial aspects. So, if MSD/Dell/Mel want £1m per match to play at PP and that's a 'good thing' according to the administrators, then that's what we'll do. Equally, we won't sign a single player unless we absolutely have to as they won't really have a view on performance, investments, etc - just the day-to-day functions to keep it viable. I'm obviously exaggerating to prove my point but administrators deal only (pretty much) in fact. I suspect someone will step in in a few months once the worse of it has been sorted. Basically, the creditors have to agree to an offer so let's say it's Mel and MSD who are owed the most, it's them that would have to agree to 10p in the £pound from new owners to settle their debts and come out of administration. Unless, of course, this has already been done either as a pre-pack or off-the-record. I'm saying nothing on that score but would remind readers of the videos recently released regarding Mel's alleged approach to such deals... Edited September 18, 2021 by Raich Carter GenBr 1 Link to comment Share on other sites More sharing options...
Angry Ram Posted September 18, 2021 Share Posted September 18, 2021 3 hours ago, S8TY said: Gibson is a **** and no i wouldnt be .....should mind his own ******* business Really. Be honest with yourself. If that was Morris you would have been creaming yourself. AndyinLiverpool and DerbySmog 2 Link to comment Share on other sites More sharing options...
G STAR RAM Posted September 18, 2021 Share Posted September 18, 2021 2 hours ago, davenportram said: If he owns it personally why would he lose the ground? Didn’t he buy it? He’ll just lease it to us and milk the club again The parent club owns it, the parent club is also going into administration. Loans were taken with the ground/club as security. If we go into administration the ownership of both passes to MSD. Link to comment Share on other sites More sharing options...
ketteringram Posted September 18, 2021 Share Posted September 18, 2021 So.......when are we supposed to go into administration? Link to comment Share on other sites More sharing options...
RadioactiveWaste Posted September 18, 2021 Share Posted September 18, 2021 6 minutes ago, ketteringram said: So.......when are we supposed to go into administration? Formally, early next week I would guess once all the paperwork is finalised. Link to comment Share on other sites More sharing options...
davenportram Posted September 18, 2021 Share Posted September 18, 2021 37 minutes ago, G STAR RAM said: The parent club owns it, the parent club is also going into administration. Loans were taken with the ground/club as security. If we go into administration the ownership of both passes to MSD. Wasn’t it bought via Gellaw Newco 202 Limited - no notice to appoint administrators for that company is there? from the article at the time Mel explained why he took the stadium out of the football club. Link to comment Share on other sites More sharing options...
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