strawhillram Posted December 19, 2021 Share Posted December 19, 2021 1 minute ago, PistoldPete said: That's BS from Nixon. He favours the Kirchner bid. And how is it EFL insist buyers need £50 million? Its not up to the frigging EFL to name a buyer's price. Why does he favor one bid over others? CK has given him more to report as he is more vocal. Link to comment Share on other sites More sharing options...
SBW Posted December 19, 2021 Share Posted December 19, 2021 5 minutes ago, PistoldPete said: That's BS from Nixon. He favours the Kirchner bid. And how is it EFL insist buyers need £50 million? Its not up to the frigging EFL to name a buyer's price. I don't trust Nixon as far as I could throw him (which is probably about 3 centimetres). However, what I suspect that means, is the EFL will want proof of funds relevant to the monies that will be owed to creditors. I imagine Nixon has plucked that figure out of the air because it's been the most commonly referred to in the media as to the money owed. jimtastic56 and Kathcairns 1 1 Link to comment Share on other sites More sharing options...
Curtains Posted December 19, 2021 Share Posted December 19, 2021 Oh dear oh dear MackworthRamIsGod 1 Link to comment Share on other sites More sharing options...
PistoldPete Posted December 19, 2021 Share Posted December 19, 2021 1 minute ago, SBW said: I don't trust Nixon as far as I could throw him (which is probably about 3 centimetres). However, what I suspect that means, is the EFL will want proof of funds relevant to the monies that will be owed to creditors. I imagine Nixon has plucked that figure out of the air because it's been the most commonly referred to in the media as to the money owed. But that's not up to EFL , apart from their rule saying we need to pay at least 25% to creditors, and pay all football creditors. Which is nowhere near £50 million. Link to comment Share on other sites More sharing options...
Abu Derby Posted December 19, 2021 Share Posted December 19, 2021 I said way before last Christmas that a deal wouldn’t go through before this Christmas and was laughed out of town. #itk MackworthRamIsGod and jimtastic56 1 1 Link to comment Share on other sites More sharing options...
Ramos Posted December 19, 2021 Share Posted December 19, 2021 2 minutes ago, Abu Derby said: I said way before last Christmas that a deal wouldn’t go through before this Christmas and was laughed out of town. #itk Thanks a bunch Mel. jimtastic56 and hintonsboots 1 1 Link to comment Share on other sites More sharing options...
Mucker1884 Posted December 19, 2021 Share Posted December 19, 2021 4 minutes ago, Abu Derby said: I said way before last Christmas that a deal wouldn’t go through before this Christmas and was laughed out of town. #itk Bit early mate. Come back in a week! ? IslandExile, RAM1966, strawhillram and 1 other 1 2 1 Link to comment Share on other sites More sharing options...
MackworthRamIsGod Posted December 19, 2021 Share Posted December 19, 2021 18 minutes ago, Curtains said: Oh dear oh dear Exactly my thoughts. The administrators openly said in their early interviews that they would only speak to people who had the financial means to buy the club and take it forward, also all parties were supposed to have shown proof of funds. If this is true, two of the interested parties at this late stage now can't afford to buy the club themselves and are having to join forces, so how have they been allowed to get this far? The answer? The administrators are flipping desperate. All this talk of billionaires and countless interested parties may have been true at the beginning, but once they had a look at the numbers they probably ran a mile. Thankfully we have 2 businessmen who love the club and are at least willing to save the club, for that I am thankful. RadioactiveWaste, strawhillram, Curtains and 3 others 3 1 2 Link to comment Share on other sites More sharing options...
RAM1966 Posted December 19, 2021 Share Posted December 19, 2021 (edited) 2 hours ago, G STAR RAM said: How do you know when the administrators started to look through the books out of interest? What do you mean by 'he certainly knows how to turn the accounts round' ? I'm sure you will remember that under GSE we were still losing circa £9m per annum and the first team squad was starved of investment. The Admin came out on day one and said they were confident of a sale. Maybe Mel briefed them quickly as to the state of the club. I doubt it though! That looks like they were speaking prior to having a good look at the accounts. If we were losing £9m a year under GSE, how did they manage to reduce the debt to £15m. An affordable mortgage on the stadium? We stuck with Negative Nigel far too long! I'd love to be able to turn back the clock and have a sustainable club again, instead of the insolvent mess we find ourselves in.... Edited December 19, 2021 by RAM1966 jimtastic56 1 Link to comment Share on other sites More sharing options...
Oldben Posted December 19, 2021 Share Posted December 19, 2021 Nixons seems to be merely pointing out that, the required funds, whatever amount that might be is greater than the amount Gadsby has without another business partner. So gadsby and Appleby join forces, but even if they have the funds to commit to repayment of debts, I'm left wondering, how much is left to rebuild the club. Nixon states that Kirchner is the only one to show proof of funds to pay the debt. I'm thinking that means he has money to rebuild the team as well. I wasn't greatly impressed, the last time Gadsby and Appleby owned Derby, to me it felt like a project for them. We had in my opinion, been badly managed by the owners, previous to their tenure and then along comes Appleby and Gadsby who help to stableize the club before selling at a profit to Mm. Mm on paper looked ideal to own the club, vast wealth and local connections. gadsby and Appleby, is it a project for them again, buy Derby, stableize the club and sell at a profit. Like a toy. I'm wondering about kirchners motivations but just maybe he sees it as longer term thing that gadsby & Appleby do. Link to comment Share on other sites More sharing options...
Curtains Posted December 19, 2021 Share Posted December 19, 2021 19 minutes ago, Abu Derby said: I said way before last Christmas that a deal wouldn’t go through before this Christmas and was laughed out of town. #itk Yes there are too many it’s bound to happen posters i-Ram, Abu Derby and Chester40 1 2 Link to comment Share on other sites More sharing options...
Rich84 Posted December 19, 2021 Share Posted December 19, 2021 I see the Sunday morning doom and gloom merchants are out in force! Oh for a discussion on a game to focus on instead of hanging on click bait journalism, it was never going to be a smooth ride, and I'm sure there'll be more bumps in the journey before it's sorted. jimtastic56 1 Link to comment Share on other sites More sharing options...
Curtains Posted December 19, 2021 Share Posted December 19, 2021 (edited) 3 minutes ago, Rich84 said: I see the Sunday morning doom and gloom merchants are out in force! Oh for a discussion on a game to focus on instead of hanging on click bait journalism, it was never going to be a smooth ride, and I'm sure there'll be more bumps in the journey before it's sorted. Look mate these administrators are not doing great IMO . That’s an opinion. Just let CK have it if he has the funds . Whats the problem with that ! Seems like a bloody auction at the moment Edited December 19, 2021 by Curtains Added jimtastic56 and kevinhectoring 1 1 Link to comment Share on other sites More sharing options...
Carnero Posted December 19, 2021 Share Posted December 19, 2021 8 minutes ago, RAM1966 said: The Admin came out on day one and said they were confident of a sale. Maybe Mel briefed them quickly as to the state of the club. I doubt it though! That looks like they were speaking prior to having a good look at the accounts. Quantuma stated in their initial press conference that they had carried out a detailed business assessment on behalf of MSD in the weeks prior to the club being placed into administration. LeedsCityRam and Crewton 2 Link to comment Share on other sites More sharing options...
RAM1966 Posted December 19, 2021 Share Posted December 19, 2021 7 minutes ago, Oldben said: Nixons seems to be merely pointing out that, the required funds, whatever amount that might be is greater than the amount Gadsby has without another business partner. So gadsby and Appleby join forces, but even if they have the funds to commit to repayment of debts, I'm left wondering, how much is left to rebuild the club. Nixon states that Kirchner is the only one to show proof of funds to pay the debt. I'm thinking that means he has money to rebuild the team as well. I wasn't greatly impressed, the last time Gadsby and Appleby owned Derby, to me it felt like a project for them. We had in my opinion, been badly managed by the owners, previous to their tenure and then along comes Appleby and Gadsby who help to stableize the club before selling at a profit to Mm. Mm on paper looked ideal to own the club, vast wealth and local connections. gadsby and Appleby, is it a project for them again, buy Derby, stableize the club and sell at a profit. Like a toy. I'm wondering about kirchners motivations but just maybe he sees it as longer term thing that gadsby & Appleby do. We need someone to do exactly what Appleby is planning to do, another reckless owner could put the club out of business. I sometimes wonder of people grasp jyst what a dire situation we are in! jimtastic56 1 Link to comment Share on other sites More sharing options...
Curtains Posted December 19, 2021 Share Posted December 19, 2021 Just now, RAM1966 said: We need someone to do exactly what Appleby is planning to do, another reckless owner could put the club out of business. I sometimes wonder of people grasp jyst what a dire situation we are in! The situation is dire but Appelby never had the funds when GSE owned us Oldben and Kathcairns 2 Link to comment Share on other sites More sharing options...
derby8 Posted December 19, 2021 Share Posted December 19, 2021 (edited) 17 minutes ago, RAM1966 said: We need someone to do exactly what Appleby is planning to do, another reckless owner could put the club out of business. I sometimes wonder of people grasp jyst what a dire situation we are in! Quite like the idea of multi-ownership which at one time was usual, have a board of directors made up of the principal share-holders with a chairman and then a chief executive to run the company/club day to day. Derby run on sustainable lines with regular financial updates made public. See how that goes for a few years. Edited December 19, 2021 by derby8 hintonsboots, LeedsCityRam and RAM1966 3 Link to comment Share on other sites More sharing options...
CBRammette Posted December 19, 2021 Share Posted December 19, 2021 14 minutes ago, derby8 said: Quite like the idea of multi-ownership which at one time was usual, have a board of directors made up of the principal share-holders with a chairman and then a chief executive to run the company/club day to day. Derby run on sustainable lines with regular financial updates made public. See how that goes for a few years. Especially if they care about the club. Rather than each not having the funds perhaps they realise they are just in a stronger position to be chosen and revitalise the club if they work together. Carnero, derby8 and LeedsCityRam 3 Link to comment Share on other sites More sharing options...
Arsene Titman Posted December 19, 2021 Share Posted December 19, 2021 23 minutes ago, Curtains said: The situation is dire but Appelby never had the funds when GSE owned us Appleby’s company is effectively an estate agency dealing in football clubs. It pairs potential investors with clubs for sale so what matters is who are the money men behind the Appleby/Rush bid. It has been rumoured to be a hedge fund or private equity investors. If that is true then it is a little surprising that they cannot “pay the bills” as part of a takeover, let alone invest in building the team. I like the CK bid but nothing that I have seen on the internet tells me that he personally has the funds, although the administrators are satisfied that he has. Link to comment Share on other sites More sharing options...
ossieram Posted December 19, 2021 Share Posted December 19, 2021 1 hour ago, Abu Derby said: I said way before last Christmas that a deal wouldn’t go through before this Christmas and was laughed out of town. #itk You should show this to all your friends to let them see how clever you are. IslandExile, Comrade 86, Foreveram and 6 others 1 1 7 Link to comment Share on other sites More sharing options...
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