Ellafella Posted October 26, 2021 Share Posted October 26, 2021 18 minutes ago, DarkFruitsRam7 said: Doesn’t matter if he’s not a billionaire when he’s not claiming to be. I just hope he’s not an idiot. Did you miss the post where he said “Je suis un imbecile”. ? GB SPORTS, RadioactiveWaste, DarkFruitsRam7 and 1 other 4 Link to comment Share on other sites More sharing options...
PistoldPete Posted October 26, 2021 Share Posted October 26, 2021 7 hours ago, Andicis said: Brentford already proved it's possible to run a sustainable club and succeed. Well yes but it’s a zero sum game and I don’t think that will be repeated. Link to comment Share on other sites More sharing options...
rammieib Posted October 26, 2021 Share Posted October 26, 2021 Nixon looks a little foolish today with his billionaire comment. Link to comment Share on other sites More sharing options...
PistoldPete Posted October 26, 2021 Share Posted October 26, 2021 Just now, rammieib said: Nixon looks a little foolish today with his billionaire comment. Nixon looked foolish yesterday too saying don’t expect anything to happen soon. Then a few hours later… Link to comment Share on other sites More sharing options...
Dava75 Posted October 26, 2021 Share Posted October 26, 2021 A lot of companies are structured to run off debt …. and do it very successfully. So in my opinion whether this bloke is a billionaire or not is irrelevant - particularly in the championship. The killer question is does he have access to suitable and sustainable funds (debt or equity), does his business model allow him to service the debt (and make investments in the right areas). If the investors confident of earning a decent return over time and in the case of debt investor - that when their debt matures the business will be able to pay that back……dare I say it….. with new debt and a different interest rate - then so what. As others have pointed out, having wealthy owner - in the world of P&S is more challenging and ends up with higher risk strategies - where the owner maybe tries to stretch the boundaries beyond the affordable in the knowledge he could fund the higher consequence outcomes from personal wealth for a period of time. Right now, I feel we’re crying out for someone who tries to run our club as a long term sustainable business - lives within the means - creates a stable environment for the management team to plan and evolve the team with investment. Rooney has made shrewd signings without a pot to p in so it’s proven he doesn’t need millions - he just needs to have clear communication from the club and know what he can work with in advance and plan accordingly. And yes I’m sure that model will include selling players at the right price and the right time. Whether Kirchner is the right man for the job - I don’t know. But at least he’s been communicated his intent and given us all something to get excited/cynical about!! cstand, Donnyram, Kathcairns and 12 others 7 8 Link to comment Share on other sites More sharing options...
Ellafella Posted October 26, 2021 Share Posted October 26, 2021 19 minutes ago, Dava75 said: A lot of companies are structured to run off debt …. and do it very successfully. So in my opinion whether this bloke is a billionaire or not is irrelevant - particularly in the championship. The killer question is does he have access to suitable and sustainable funds (debt or equity), does his business model allow him to service the debt (and make investments in the right areas). If the investors confident of earning a decent return over time and in the case of debt investor - that when their debt matures the business will be able to pay that back……dare I say it….. with new debt and a different interest rate - then so what. As others have pointed out, having wealthy owner - in the world of P&S is more challenging and ends up with higher risk strategies - where the owner maybe tries to stretch the boundaries beyond the affordable in the knowledge he could fund the higher consequence outcomes from personal wealth for a period of time. Right now, I feel we’re crying out for someone who tries to run our club as a long term sustainable business - lives within the means - creates a stable environment for the management team to plan and evolve the team with investment. Rooney has made shrewd signings without a pot to p in so it’s proven he doesn’t need millions - he just needs to have clear communication from the club and know what he can work with in advance and plan accordingly. And yes I’m sure that model will include selling players at the right price and the right time. Whether Kirchner is the right man for the job - I don’t know. But at least he’s been communicated his intent and given us all something to get excited/cynical about!! Absolutely Sir. I think the latter he’s written to the fans is indicative of a very shrewd and emotionally intelligent chap; he seems to understand football and share a love for the game and he knows what it means to Derby. Now he’s set the ball rolling the other interested party will have to act. The Scarlet Pimpernel, Mostyn6, Carnero and 3 others 2 4 Link to comment Share on other sites More sharing options...
G STAR RAM Posted October 26, 2021 Share Posted October 26, 2021 (edited) 1 hour ago, Oldben said: Hm ... nothing online indicates he has a billionaires resources. Unless he does I'm thinking other bids are better. https://www.derbytelegraph.co.uk/sport/football/football-news/Derby-county-takeover-kirchner-rooney-6112478?utm_source=derbyshire_live_newsletter&utm_campaign=welcome_dcfc_newsletter2&utm_medium=email&pure360.trackingid= Talks about the finances he does have access to Sorry, what other bids are you thinking are better? And why would you need to be a billionaire to finance losses of £13m per annum? Edited October 26, 2021 by G STAR RAM Andicis, Carnero, UTFR and 1 other 4 Link to comment Share on other sites More sharing options...
LazloW Posted October 26, 2021 Share Posted October 26, 2021 If it turns out that there is more than one interested party at the end of the due diligence process (ie people haven’t been scared off), do you think the administrators will just plump for the party with the most cash (I’m assuming the asking price will be the same whoever is bidding) or will they determine who would be the ‘best fit’ to run the club in the long term? Obviously a moot point if it comes down to a bidding war, but if there’s more than one who can meet the asking price, I wonder what the criteria will be. Ellafella, Miggins and Kathcairns 2 1 Link to comment Share on other sites More sharing options...
i-Ram Posted October 26, 2021 Share Posted October 26, 2021 1 hour ago, DarkFruitsRam7 said: Doesn’t matter if he’s not a billionaire when he’s not claiming to be. I just hope he’s not an idiot. He hasn’t yet informed social media of once having a Tommy Tank at a football match. That passes my idiot test. richinspain, Colm and Mucker1884 3 Link to comment Share on other sites More sharing options...
duncanjwitham Posted October 26, 2021 Share Posted October 26, 2021 TBH I'd much rather have this guy who says he isn't a billionaire but everyone thinks he probably is, than Erik Alonso who says he is a billionaire but everyone thinks he probably isn't. Carnero, jono, RadioactiveWaste and 1 other 2 2 Link to comment Share on other sites More sharing options...
Ram-Alf Posted October 26, 2021 Share Posted October 26, 2021 (edited) 2 hours ago, DarkFruitsRam7 said: Heaven Help Me! It's It's all gone quiet over there It's all gone quiet over there It's all gone quiet All gone quiet All gone quiet over there Edited October 26, 2021 by Unlucky Alf Link to comment Share on other sites More sharing options...
Guest Posted October 26, 2021 Share Posted October 26, 2021 10 hours ago, rammieib said: So Nixon is responding to some fans questions but I would bet a bottom dollar if someone asks him how this guy is a millionaire, then he won’t have a clue. Also Nixon and Steve Nicholson both release something at roughly the same time…. A letter which was issued through the Press Association. Am I daft here or where is the scoop from either of them? However like anything, people hang on Nixon’s cocktails like he’s the messiah whilst Nicholson needs to get something released in today’s social media world so has no time to do proper due diligence on this guy. Is he a Mojito or Margarita man? Link to comment Share on other sites More sharing options...
Kathcairns Posted October 26, 2021 Share Posted October 26, 2021 34 minutes ago, LazloW said: If it turns out that there is more than one interested party at the end of the due diligence process (ie people haven’t been scared off), do you think the administrators will just plump for the party with the most cash (I’m assuming the asking price will be the same whoever is bidding) or will they determine who would be the ‘best fit’ to run the club in the long term? Obviously a moot point if it comes down to a bidding war, but if there’s more than one who can meet the asking price, I wonder what the criteria will be. Hope he manages to pull this off, he seems a much better option than Ashley etc. Link to comment Share on other sites More sharing options...
kevinhectoring Posted October 26, 2021 Share Posted October 26, 2021 13 hours ago, Stive Pesley said: His profile on Linked.in is kinda weird He ran his own "entertainments" company for 4 years - then did a couple of years at Best Buy working on their Magnolia home theatre (sorry, theater) range. Then did 18 months in sales and marketing at a family label making business, before starting Slync.io 4 years ago He's only 34 so that pretty much accounts for everything he's done since graduating college I don't see how he can be a billionaire - and if he was, why is he raising $70m dollars of funding from investors and not just taking it from down the back of his sofa? That reads to me, as he's desperately trying to grow a young promising business - fair play to him - but Something doesn't quite add up, as to why he has to find investors to grow his own company, yet is suddenly dead keen on buying a football club that needs at least that much money again, just clear it's debts as a starting move Question is: are the bankers telling him he could float his business (or sell it to google) tomorrow for billions. In his sector the earnings are not really an indication of value Stive Pesley 1 Link to comment Share on other sites More sharing options...
Boycie Posted October 26, 2021 Share Posted October 26, 2021 Well, the way I see it is what’s the point of a billionaire owning a championship club? He canna spend big without breaking the FFP again. As soon as the millionaire reaches the prem he sells it to a billionaire. That’s football business, and what Mel would have done. Turnstile, GB SPORTS, IslandExile and 7 others 6 4 Link to comment Share on other sites More sharing options...
Animal is a Ram Posted October 26, 2021 Share Posted October 26, 2021 I get why fans are sceptical. It’s healthy, especially given the chancers and tyre kickers we've had so far. But for those comparing this guy to Alonso - do you not think the admins are doing a better job than Mel at finding appropriate bidders? I’ve not seen anything to show I shouldn’t trust them yet. They'll have already seen proof of funds, reportedly to the tune of £150m+. Also, for those questioning net worth, aren't Norwich's owners worth relative peanuts? Reggie Greenwood, Ellafella, Kathcairns and 4 others 3 1 3 Link to comment Share on other sites More sharing options...
TuffLuff Posted October 26, 2021 Share Posted October 26, 2021 Bit of credit where it’s due to Steve Nicholson who got his article out before anyone else naming Chris Kirchner. https://www.derbytelegraph.co.uk/sport/football/football-news/Derby-county-takeover-american-administration-6111979 You can feed on the scraps from the hands of Nixon all you like, Team Nicho FTW! Animal is a Ram, NottsRam77 and Kathcairns 2 1 Link to comment Share on other sites More sharing options...
IlsonDerby Posted October 26, 2021 Share Posted October 26, 2021 1 hour ago, LazloW said: If it turns out that there is more than one interested party at the end of the due diligence process (ie people haven’t been scared off), do you think the administrators will just plump for the party with the most cash (I’m assuming the asking price will be the same whoever is bidding) or will they determine who would be the ‘best fit’ to run the club in the long term? Obviously a moot point if it comes down to a bidding war, but if there’s more than one who can meet the asking price, I wonder what the criteria will be. I think legally they have to go for the highest bid as they’re required to get the best deal for the creditors right?? CBRammette 1 Link to comment Share on other sites More sharing options...
Foreveram Posted October 26, 2021 Share Posted October 26, 2021 33 minutes ago, Monty said: Is he a Mojito or Margarita man? Why can’t he have both Link to comment Share on other sites More sharing options...
NottsRam77 Posted October 26, 2021 Share Posted October 26, 2021 21 minutes ago, TuffLuff said: Bit of credit where it’s due to Steve Nicholson who got his article out before anyone else naming Chris Kirchner. https://www.derbytelegraph.co.uk/sport/football/football-news/Derby-county-takeover-american-administration-6111979 You can feed on the scraps from the hands of Nixon all you like, Team Nicho FTW! Feel sorry for him tbh i know the det has gone a bit clickbaity and it annoys the hell out of me but hes Derby, he gives a crap and for me his match ananlysis is pretty spot on Same goes for ed dawes too Ramarena, Animal is a Ram, Miggins and 4 others 5 2 Link to comment Share on other sites More sharing options...
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