RipleyRich Posted March 10, 2022 Share Posted March 10, 2022 6 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… Ashley made a fortune out of Newcastle. Sold the club for a massive profit and hived off land that he is now developing. That will be his plan for DCFC but he needs to buy it at the right price to make it worth his while. The state MM has left the club in has made it virtually un-saleable. The debt massively outweighs its value, it has no assets and the cost to buy it out of administration is likely to be too much for a business opportunity. This I believe is why the Binnies have walked. They cant see a return on more than £30m. The immediate investment required on top of the purchase cost is huge, and the eventual division, and how long the club may be in that division, have a massive impact on payback and ongoing investment. Dont forget how long the club was for sale before administration. MM has dug a massive hole and left the club to rot. Derby4Me, Hawaiian, David Graham Brown and 3 others 3 3 Link to comment Share on other sites More sharing options...
B4ev6is Posted March 10, 2022 Share Posted March 10, 2022 I say we do another march against admin this time we dont let them out of pp until it is sorted out. Link to comment Share on other sites More sharing options...
Gritstone Ram Posted March 10, 2022 Share Posted March 10, 2022 I’m not too sure we should be bothered about these Binnies. If I recall MM wasn’t keen on them before administration so I doubt they’d have much to offer. Link to comment Share on other sites More sharing options...
atherstoneram Posted March 10, 2022 Share Posted March 10, 2022 1 hour ago, rsmini said: The Binnies also said they made ‘many attempts’ to buy the club Doesn't matter how many attempts you make if your offers aren't good enough. Tamworthram 1 Link to comment Share on other sites More sharing options...
Ramslad1992 Posted March 10, 2022 Share Posted March 10, 2022 13 minutes ago, B4ev6is said: I want to know what the hell are they playing at if I was rooney I go kicked admin door down. Great idea… apart from the fact we can’t afford a new door! Steve How Hard?, Derby4Me, G STAR RAM and 4 others 7 Link to comment Share on other sites More sharing options...
SBW Posted March 10, 2022 Share Posted March 10, 2022 I'm just waiting for Morris to lead a new company with a bid to buy the club. Something fishy is going on at the club and i'm convinced his dirty fingers are very much still in the pie. Derby4Me and RoyMac5 2 Link to comment Share on other sites More sharing options...
Wolfie20 Posted March 10, 2022 Share Posted March 10, 2022 3 minutes ago, SBW said: I'm just waiting for Morris to lead a new company with a bid to buy the club. Something fishy is going on at the club and i'm convinced his dirty fingers are very much still in the pie. Based on what exactly? Link to comment Share on other sites More sharing options...
cstand Posted March 10, 2022 Share Posted March 10, 2022 4 minutes ago, SBW said: I'm just waiting for Morris to lead a new company with a bid to buy the club. Something fishy is going on at the club and i'm convinced his dirty fingers are very much still in the pie. Any port in a storm Link to comment Share on other sites More sharing options...
B4ev6is Posted March 10, 2022 Share Posted March 10, 2022 3 minutes ago, Ramslad1992 said: Great idea… apart from the fact we can’t afford a new door! I just stating how rooney must be feeling right now. Link to comment Share on other sites More sharing options...
dajstrawb Posted March 10, 2022 Share Posted March 10, 2022 Suspect they binned the Binnie’s off as now they’ll have 33.3% more time to negotiate with the other 2 party’s Link to comment Share on other sites More sharing options...
FlyBritishMidland Posted March 10, 2022 Share Posted March 10, 2022 2 hours ago, IslandExile said: The Binnies pulled out, the Administrators did not reject them; they asked them to increase their bid which they refused to do and pulled out. Yes, of course, we want to avoid liquidation. I just hope we have that choice. Rooney's press conference answers did not fill me with the same level of confidence that you appear to have. That’s not how I read it. The article says "We made many attempts and had worked incredibly hard to buy the club. The administrators gave us a response that they no longer wished to speak to us unless we increase our offer.". I take this as they have higher bids and said ‘unless you get close to £x, thanks but no thanks’. The admin have always said they have offers. The update from the supporters meeting yesterday said they were going through details with bidders. How Binnies seriously expected to get the club and stadium for an extra £2M is beyond me. And if they’ve been trying since June, they couldn’t have been trying very hard. angieram, Kathcairns, r_wilcockson and 1 other 2 2 Link to comment Share on other sites More sharing options...
strawhillram Posted March 10, 2022 Share Posted March 10, 2022 4 minutes ago, dajstrawb said: Suspect they binned the Binnie’s off as now they’ll have 33.3% more time to negotiate with the other 2 party’s It gives them more time for lunch and golf Ken Tram 1 Link to comment Share on other sites More sharing options...
atherstoneram Posted March 10, 2022 Share Posted March 10, 2022 19 minutes ago, B4ev6is said: I say we do another march against admin this time we dont let them out of pp until it is sorted out. Sorry,B4 you can't keep blaming the administrators. B4ev6is and Tamworthram 1 1 Link to comment Share on other sites More sharing options...
duncanjwitham Posted March 10, 2022 Share Posted March 10, 2022 10 minutes ago, SBW said: I'm just waiting for Morris to lead a new company with a bid to buy the club. Something fishy is going on at the club and i'm convinced his dirty fingers are very much still in the pie. It seems fairly obvious to me that Morris’s original plan was to buy the club, splash a bit of cash to get us promoted and then sell us on for a profit. With maybe a bit of pride in owning his local football club etc etc. Obviously that didn’t happen, things have spiralled out of control and he’s tried to cut his losses. (That’s not a defence or anything, just a statement of the facts.) So with that in mind, what’s the incentive for Morris to want the club back? Getting the club back to the stage where it can be sold for a profit is probably a long and expensive job. It makes zero sense for a Morris to want/expect anything other than getting enough for the stadium to cover his remaining liabilities. europia 1 Link to comment Share on other sites More sharing options...
PistoldPete Posted March 10, 2022 Share Posted March 10, 2022 1 hour ago, Half Fan Half Biscuit said: So were Binnies expecting to get the stadium for £0 ? £2m I think.. they upped the offer of £28m without stadium to £30 m with the stadium. I can't imagine why their offer was rejected. Dordogne-Ram, RAM1966 and Reggie Greenwood 3 Link to comment Share on other sites More sharing options...
B4ev6is Posted March 10, 2022 Share Posted March 10, 2022 13 minutes ago, atherstoneram said: Sorry,B4 you can't keep blaming the administrators. Well there suppose to be sorting this mess are they not. RAM1966 and strawhillram 2 Link to comment Share on other sites More sharing options...
dajstrawb Posted March 10, 2022 Share Posted March 10, 2022 Truth is we literally know snippets about what’s really happening. Can’t kick off like that without knowing hard facts Link to comment Share on other sites More sharing options...
Tyler Durden Posted March 10, 2022 Share Posted March 10, 2022 26 minutes ago, FlyBritishMidland said: How Binnies seriously expected to get the club and stadium for an extra £2M is beyond me. And if they’ve been trying since June, they couldn’t have been trying very hard. Are you taking the mickey, all of the buyers who allegedly are interested in us are only be prepared to offer bottom dollar so why single the Binnies out in particular. Quantuma has set a figure of what £50 million for an acceptable bid, dream on. Link to comment Share on other sites More sharing options...
Oldben Posted March 10, 2022 Share Posted March 10, 2022 https://www.bbc.co.uk/sport/football/60694665 Link to comment Share on other sites More sharing options...
Gringo Posted March 10, 2022 Share Posted March 10, 2022 1 hour ago, atherstoneram said: The administrators don't have to name a PB. Also a preferred bidder is not a buyer, it just gives them a chance to kick the tyres for a fixed period of time, we should be fixated on a buyer. atherstoneram, r_wilcockson, strawhillram and 1 other 1 3 Link to comment Share on other sites More sharing options...
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