Curtains Posted March 10, 2022 Share Posted March 10, 2022 4 minutes ago, Yani P said: Of course but it was never his baby...it was his vanity project that he threw away when the going got tough.. It’s hard to argue with that. Link to comment Share on other sites More sharing options...
CBRammette Posted March 10, 2022 Share Posted March 10, 2022 Perhaps have just listened to all the criticism of their overly optimistic predictions and have decided to go the other way. Link to comment Share on other sites More sharing options...
hintonsboots Posted March 10, 2022 Share Posted March 10, 2022 7 minutes ago, Yani P said: Of course but it was never his baby...it was his vanity project that he threw away when the going got tough.. Genuine question. Can anyone estimate Mel’s current wealth. If he put north of £200 million of his reported £550 million into the club and his remaining assets are in the hundreds of millions, why doesn’t he give the stadium away and settle the MSD loan ? I can only surmise that he needs the MSD loan covered by the sale or he could be facing bankruptcy himself ? Link to comment Share on other sites More sharing options...
Ram1988 Posted March 10, 2022 Share Posted March 10, 2022 This has to be because we have a better offer from another interested party? Rammy03 1 Link to comment Share on other sites More sharing options...
Tyler Durden Posted March 10, 2022 Share Posted March 10, 2022 50 minutes ago, therams69 said: So I guess the bidders are going to need to pay what is needed if they want the club. I also suspect that they will be negotiating a lower rate on the purchase / rent of the stadium. This has been complicated imho because its separate to the football club, what a great decision that was. This to me is why there is a delay. If they had agreed to the admin demands a PB would have been announced. I suspect if we dont get anywhere then of course, Mr Morris is going to have to do something with the stadium, lower his price thus offsetting the money going to the creditors. Whether he will or not is anyone's guess. Who wants to keep the poker face the longest I guess. If the bidders are going to have to pay what is needed if they want the club then why then hasn't a buyer already been found? You would have to surmise that there a people interested in the club but only at a price they feel it is worth, after all they are buying debt. So how long does this go on for when Quantuma reject bids that aren't what is needed as you put it then the interested parties just walk away. IslandExile and jimtastic56 1 1 Link to comment Share on other sites More sharing options...
Half Fan Half Biscuit Posted March 10, 2022 Share Posted March 10, 2022 So were Binnies expecting to get the stadium for £0 ? Link to comment Share on other sites More sharing options...
Sparkle Posted March 10, 2022 Share Posted March 10, 2022 Interesting times it seems the Binnie offer is interesting in regards that they felt it was the highest offer? They had been trying to buy the club back in June and pre administration ( which might have been a good thing) they believe the club has been devalued in the transfer window which I totally agree with as currently you are just buying the contract of a about 5 players who could be sold to raise money. we seem to be sailing very quickly into being on minus 15 points next season whichever league we are in as why would anyone offer anywhere near £50 million for next to nothing, I assume by renting the stadium we could avoid that aspect possibly but why would a buyer commit that kind of money to receive next to nothing. I have to hope that Ashley comes in with a decent plan and commits to the project at this point as he seems the only one who could afford it. Derby4Me and r_wilcockson 2 Link to comment Share on other sites More sharing options...
NottmRAM Posted March 10, 2022 Share Posted March 10, 2022 14 minutes ago, hintonsboots said: Genuine question. Can anyone estimate Mel’s current wealth. If he put north of £200 million of his reported £550 million into the club and his remaining assets are in the hundreds of millions, why doesn’t he give the stadium away and settle the MSD loan ? I can only surmise that he needs the MSD loan covered by the sale or he could be facing bankruptcy himself ? He still has £500m. He is still making money. All the competitions on TV where it's a PO box Derby...that's Mel. Link to comment Share on other sites More sharing options...
hintonsboots Posted March 10, 2022 Share Posted March 10, 2022 Just now, NottmRAM said: He still has £500m. He is still making money. All the competitions on TV where it's a PO box Derby...that's Mel. Maybe he could arrange one to sell the club/stadium??? Link to comment Share on other sites More sharing options...
NottmRAM Posted March 10, 2022 Share Posted March 10, 2022 1 hour ago, Rammeister said: Ner-ner, ner-ner! Language pedant police here- surely that’s an anagram rather than an acronym? Yes, that's what I meant ? Rammeister 1 Link to comment Share on other sites More sharing options...
CornwallRam Posted March 10, 2022 Share Posted March 10, 2022 1 hour ago, atherstoneram said: I know, that's what i said. Sorry if I've got the wrong end of the stick, but your contention seemed to be that HMRC must have agreed a reduced repayment or we couldn't name a preferred bidder. atherstoneram 1 Link to comment Share on other sites More sharing options...
Charliegeorge1962 Posted March 10, 2022 Share Posted March 10, 2022 The longer this drags on, the more chance there is of no buyer coming in and we end up going bust. jimtastic56 1 Link to comment Share on other sites More sharing options...
cstand Posted March 10, 2022 Share Posted March 10, 2022 IslandExile, jimtastic56 and I am Ram 2 1 Link to comment Share on other sites More sharing options...
ossieram Posted March 10, 2022 Share Posted March 10, 2022 Any news on the German CB yet? CBRammette and Ramslad1992 1 1 Link to comment Share on other sites More sharing options...
I am Ram Posted March 10, 2022 Share Posted March 10, 2022 In Wayne's interview he states' we should of heard something yesterday'. So that was Q hoping the binnies bid would suffice, it coincides with their deadline doesn't it ? Link to comment Share on other sites More sharing options...
Jimbo Ram Posted March 10, 2022 Share Posted March 10, 2022 13 minutes ago, Sparkle said: Interesting times it seems the Binnie offer is interesting in regards that they felt it was the highest offer? They had been trying to buy the club back in June and pre administration ( which might have been a good thing) they believe the club has been devalued in the transfer window which I totally agree with as currently you are just buying the contract of a about 5 players who could be sold to raise money. we seem to be sailing very quickly into being on minus 15 points next season whichever league we are in as why would anyone offer anywhere near £50 million for next to nothing, I assume by renting the stadium we could avoid that aspect possibly but why would a buyer commit that kind of money to receive next to nothing. I have to hope that Ashley comes in with a decent plan and commits to the project at this point as he seems the only one who could afford it. Why do people buy football clubs? I can understand in Ashley’s case it will help promote his Sports Direct brand but surely there is no money in it… jimtastic56 1 Link to comment Share on other sites More sharing options...
atherstoneram Posted March 10, 2022 Share Posted March 10, 2022 1 hour ago, IslandExile said: Everyone is celebrating the thread reaching 1000 pages. Meanwhile Rome burns, the Titanic sinks and we lose another prospective bidder. If there were only two bids submitted by the Administrators' own deadline, does that mean the other one is the Preferred Bidder - by default? If so, why haven't they been named? Or are they now - standing alone - realising it's a buyers' market and, consequently, reducing the value of their bid? Or maybe there just isn't any other bidder. The administrators don't have to name a PB. Link to comment Share on other sites More sharing options...
atherstoneram Posted March 10, 2022 Share Posted March 10, 2022 1 hour ago, Curtains said: Still might happen with PB announced soon . If we are liquidated it’s in no one’s interest so it won’t happen It doesn't have to be in anyones interest,if the administrators can't save the club then we are liquidated. Link to comment Share on other sites More sharing options...
B4ev6is Posted March 10, 2022 Share Posted March 10, 2022 I want to know what the hell are they playing at if I was rooney I go kicked admin door down. Derby4Me 1 Link to comment Share on other sites More sharing options...
Sparkle Posted March 10, 2022 Share Posted March 10, 2022 9 minutes ago, Jimbo Ram said: Why do people buy football clubs? I can understand in Ashley’s case it will help promote his Sports Direct brand but surely there is no money in it… It’s nuts - there shouldn’t be more than about 10 teams in professional football as it’s a dreadful business model Jimbo Ram and RipleyRich 1 1 Link to comment Share on other sites More sharing options...
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