CornwallRam Posted February 24, 2022 Share Posted February 24, 2022 I don't think that any bidder will front up £5m. With HMRC not settled and maybe £70m needed, plus the Mel to settle with for the ground, the whole negotiation could easily make any take over non-viable. No one is going risk flushing £5m away. In my opinion, what will happen is that a preferred bidder will agree to cover the costs during the exclusivity period, in exchange for the final say on all decisions. Link to comment Share on other sites More sharing options...
PistoldPete Posted February 24, 2022 Share Posted February 24, 2022 2 minutes ago, CornwallRam said: I don't think that any bidder will front up £5m. With HMRC not settled and maybe £70m needed, plus the Mel to settle with for the ground, the whole negotiation could easily make any take over non-viable. No one is going risk flushing £5m away. In my opinion, what will happen is that a preferred bidder will agree to cover the costs during the exclusivity period, in exchange for the final say on all decisions. If £5 m is needed to get us til end of season then that is why they are committing to. r_wilcockson and RadioactiveWaste 2 Link to comment Share on other sites More sharing options...
Guest Posted February 24, 2022 Share Posted February 24, 2022 2 hours ago, kevinhectoring said: Is there reliable information as to who Appleby’s investors are ? I wondered whether he’s fronting for Gadsby and others who would provide life support if needed. If the Binnies and Ashley are still bidding maybe Appleby will just fade away It's the American Rich Riley. That was discussed on here a few weeks ago. Charlotte Ram acknowledged it and clarified it when someone had identified the wrong Rich Riley. Link to comment Share on other sites More sharing options...
Guest Posted February 24, 2022 Share Posted February 24, 2022 3 hours ago, kevinhectoring said: This was one theory that Hoskin, in the recent Chris Coles interview, roundly debunked. He described the notion that Mel is pulling the strings as ‘fantasy land’. I didn't say that Mel was pulling the Admin's strings but he owns the stadium and is free to negotiate its sale as he sees fit. The stadium is not in administration. Link to comment Share on other sites More sharing options...
davenportram Posted February 24, 2022 Share Posted February 24, 2022 3 hours ago, kevinhectoring said: Is there reliable information as to who Appleby’s investors are ? I wondered whether he’s fronting for Gadsby and others who would provide life support if needed. If the Binnies and Ashley are still bidding maybe Appleby will just fade away We hardly knew who the investors were last time he took us over. Why would that change kevinhectoring 1 Link to comment Share on other sites More sharing options...
Woodypecker Posted February 24, 2022 Share Posted February 24, 2022 (edited) 39 minutes ago, PistoldPete said: I don't think that any bidder will front up £5m Cornwall Ram / Pete, I understand that the £5m was a non-refundable deposit for a bidder. That money is secured by the administrators and provides our funding guarantee for the rest of the season, which would satisfy EFL preconditions for the takeover. Edited February 24, 2022 by Woodypecker Link to comment Share on other sites More sharing options...
RoyMac5 Posted February 24, 2022 Share Posted February 24, 2022 Gonna be a lot of this going on if it's Big Mike! ? GenBr and David Graham Brown 2 Link to comment Share on other sites More sharing options...
Pikeyram Posted February 24, 2022 Share Posted February 24, 2022 Has anyone actually got any concrete evidence of any bids received yet? Link to comment Share on other sites More sharing options...
Flying Fokker Posted February 24, 2022 Share Posted February 24, 2022 1 hour ago, duncanjwitham said: Whatever the new owners intentions for us are (selling us for a profit later on, as a marketing vehicle for Sports Direct etc, whatever), they're not served by starting us off on -15 next season, especially if that's in League 1. The only way you gain real value from owning Derby County is by getting us into the Prem, or at least as serious Championship promotion contenders. I'm not saying they're going to turn us into a top 6 Prem team or anything, but there's no point paying the millions required for a lower Championship or League 1 club. If that's what you want, there are probably much better options available at a much lower cost. You buy Derby because we have the potential to be a Prem team (stadium, fanbase, facilities etc). Derby is a great club. My 'second team' as I moved to Coventry in the 1965. The only issue with any takeover is motivation of the owners. We ended up with SISU who thought they could run rough shod over everyone in their path. This took us down to League 2. I have no respect for them or the journey they took us on. If you have several bidders you are in with a better chance than us. Hopefully this will resolve soon and you will be in recovery mode for a while. If you end up with a hedge fund or the likes you will struggle to make headway. Although they get paid on results they also hold tight purse strings. I guess it's a case of good accounting and having a strategic focus...They got it wrong at Coventry. Recruiting crap managers for several years, running out expensive player contracts and pitching their model on stable balance sheets. This extended to us fans becoming nomads on 2 occasions. Long story. I think Derby will take a bit of time to flourish again. You may go down but the last couple of months prove that you have a solid team on the pitch ATM. IslandExile, Anag Ram, Kinder and 4 others 1 4 2 Link to comment Share on other sites More sharing options...
Gee SCREAMER !! Posted February 24, 2022 Share Posted February 24, 2022 Just now, Flying Fokker said: Derby is a great club. My 'second team' as I moved to Coventry in the 1965. The only issue with any takeover is motivation of the owners. We ended up with SISU who thought they could run rough shod over everyone in their path. This took us down to League 2. I have no respect for them or the journey they took us on. If you have several bidders you are in with a better chance than us. Hopefully this will resolve soon and you will be in recovery mode for a while. If you end up with a hedge fund or the likes you will struggle to make headway. Although they get paid on results they also hold tight purse strings. I guess it's a case of good accounting and having a strategic focus...They got it wrong at Coventry. Recruiting crap managers for several years, running out expensive player contracts and pitching their model on stable balance sheets. This extended to us fans becoming nomads on 2 occasions. Long story. I think Derby will take a bit of time to flourish again. You may go down but the last couple of months prove that you have a solid team on the pitch ATM. Ah SISU or the three amigos filtering revenue. We had a great choice in 2005 on our previous 20 year regular administration issue. We're actually 3 years early Link to comment Share on other sites More sharing options...
Flying Fokker Posted February 24, 2022 Share Posted February 24, 2022 41 minutes ago, Brailsford Ram said: I didn't say that Mel was pulling the Admin's strings but he owns the stadium and is free to negotiate its sale as he sees fit. The stadium is not in administration. I hate to say this, but if a lot of debt is carried by Mel he will have leverage in any bid. He may agree to take on the debt again. In which case the Administrators will have no choice to accept because it is the best outcome. if he walks away it is more of a level playing field. One of the barriers to having new owners at Coventry was that SISU did exactly that. We still have them hanging around. David Graham Brown 1 Link to comment Share on other sites More sharing options...
PistoldPete Posted February 24, 2022 Share Posted February 24, 2022 8 minutes ago, Flying Fokker said: I hate to say this, but if a lot of debt is carried by Mel he will have leverage in any bid. He may agree to take on the debt again. In which case the Administrators will have no choice to accept because it is the best outcome. if he walks away it is more of a level playing field. One of the barriers to having new owners at Coventry was that SISU did exactly that. We still have them hanging around. mel Morris debt is unsecured. It's pretty worthless really. Which will not make it too hard for him to write off. And he will write it off. RadioactiveWaste 1 Link to comment Share on other sites More sharing options...
hintonsboots Posted February 24, 2022 Share Posted February 24, 2022 (edited) Two bids in ? Edited February 24, 2022 by hintonsboots Indy and jono 2 Link to comment Share on other sites More sharing options...
hintonsboots Posted February 24, 2022 Share Posted February 24, 2022 Zag zig, Carnero, r_wilcockson and 3 others 2 4 Link to comment Share on other sites More sharing options...
IslandExile Posted February 24, 2022 Share Posted February 24, 2022 7 minutes ago, hintonsboots said: Is that from the Long Eaton Trader? Good old Neil Hallam. Ramarena, LazloW, 1967RAMS and 7 others 10 Link to comment Share on other sites More sharing options...
Carl Sagan Posted February 24, 2022 Share Posted February 24, 2022 8 minutes ago, hintonsboots said: Where's the exert from? Does "midday tomorrow" mean Friday or is it from yesterday's paper (or before)? Whatever, let's hope it's not yet another case of over-promising and under-delivering. therealhantsram 1 Link to comment Share on other sites More sharing options...
hintonsboots Posted February 24, 2022 Share Posted February 24, 2022 Just now, Carl Sagan said: Where's the exert from? Does "midday tomorrow" mean Friday or is it from yesterday's paper (or before)? Whatever, let's hope it's not yet another case of over-promising and under-delivering. Telegraph this morning I presume JP but no details of Journo. Carl Sagan and Carnero 2 Link to comment Share on other sites More sharing options...
Elwood P Dowd Posted February 24, 2022 Share Posted February 24, 2022 (edited) It was my understanding the £5 million none refundable deposit was a condition of being named PB. If the above is correct what would be the point of putting in a bid if you were not prepared to pay the £5 million and be named PB ? Edited February 24, 2022 by Elwood P Dowd spelling DCFC1388, therealhantsram, RadioactiveWaste and 1 other 2 2 Link to comment Share on other sites More sharing options...
RadioactiveWaste Posted February 24, 2022 Share Posted February 24, 2022 34 minutes ago, Elwood P Dowd said: It was my understanding the £5 million none refundable deposit was a condition of being named PB. If the above is correct what would be the point of putting in a bid if you were not prepared to pay the £5 million and be named PB ? Being PB in this situation is pretty far down the road, so it's got to be serious and all bidders must know the club needs cash to keep operating. Ted McMinn Football Genius, Jimbo Ram and jono 3 Link to comment Share on other sites More sharing options...
WhiteHorseRam Posted February 24, 2022 Share Posted February 24, 2022 Ted McMinn Football Genius 1 Link to comment Share on other sites More sharing options...
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