The Administration Thread

[curb]

1 minute ago, StarterForTen said:

Buying a business is not (just) about asset values, it's about revenue potential. Derby County's biggest attraction is the 'brand loyalty' of its fanbase as that is what the owner will be looking to monetise.

Although the cost of running a club to satisfy that fan base is greater than the income the fan base generates.

[Miggins]

19 hours ago, kevinhectoring said:

You should notify Q of that they seem oblivious to the obvious. They have treated their appointment as a leisurely stroll in the park 

Not sure about that, @kevinhectoring. It may seem like that to us fans on the outside but none of us know what the inside machinations have been and I guess we will never know.

[Ram-Alf]

1 minute ago, curb said:

If he had the financial means then why would he have taken on the MSD loans?

His Credit rating ?

[Ram-Alf]

Derby City Council’s chief executive has played down suggestions that the authority could purchase Pride Park Stadium in a bid to secure Derby County’s future. Fresh reports were printed over the weekend stating the city council and MPs were interested in buying the stadium, owned by former Rams owner Mel Morris, who put the club into administration in September last year.

The reports mentioned the development being a potential “game changer” as the club’s hopes of finding a new owner and existing administration were hit by further blows last week. It was reported on Sunday that local Members of Parliament and Derby City Council were looking at a “£20 million deal” for Pride Park Stadium. The Sun claim that the Council could buy the club's stadium and then lease it to a potential new owner of the Rams.

 

But a statement issued today from the council’s chief executive Paul Simpson says it is the council’s “preference” at this stage for a buyer to purchase the club and Pride Park Stadium.

However, the statement gave nothing away on what could be done in the future as the council and the Team Derby group “continue” to fight to ensure the survival of the football club.

Mr Simpson said: “Derby County Football Club has been part of the social, economic, and cultural fabric of the city and wider areas for almost 140 years. We cannot underestimate the impact of a successful football club in the city; not just in spreading the Derby brand across a wide stage, but also in the value it adds to our local economy and to our communities.

“In an extremely challenging financial position, the Council has been working as part of Team Derby - an alliance of civic, political, business and cultural leaders in the city – to try and ensure the survival of Derby County Football Club, and we will continue to do so. Our preference is for a buyer to purchase the club and stadium outright.

“Our primary concern remains, not only the survival of Derby County, but the impact of this continuing uncertainty on the wider community of Derby and surrounding areas. We thank the fans, communities, and businesses, whose passion continues to bring an incredible energy and profile to attempts to save the club.”

It is reported the sale of the stadium is proving to be one of the stumbling blocks of a potential takeover. It is reported that prospective owners are reluctant to pay for both the club and stadium separately.

Last week administrators Quantuma said they were not in position to announce a preferred bidder for the club – despite earlier statements suggesting that would be the case.

[Elwood P Dowd]

11 minutes ago, StarterForTen said:

Buying a business is not (just) about asset values, it's about revenue potential. Derby County's biggest attraction is the 'brand loyalty' of its fanbase as that is what the owner will be looking to monetise.

In a normal business I might agree but football clubs are not noted for the profits they generate. Whoever buys Derby are probably going to be burdened with paying off HMRC, buying players, sorting out players contracts etc, so any monetisation is, unfortunately, a long way in the future.
 

I think that we have to face the fact that our current financial position does not make us a very attractive purchase ?

Edited April 4, 2022 by Elwood P Dowd

[Tyler Durden]

10 minutes ago, StarterForTen said:

Buying a business is not (just) about asset values, it's about revenue potential. Derby County's biggest attraction is the 'brand loyalty' of its fanbase as that is what the owner will be looking to monetise.

Tell Ashley that then. As he doesn't see it that way as per all of the other potential suitors. 

[Gaspode]

14 minutes ago, curb said:

If he had the financial means then why would he have taken on the MSD loans?

Because he was trying to sell the club and wanted them DCFC to take on the debt rather than add it to the money he'd already loaned to the club - he knew he was never going to get back what he'd put in so was minimising any further outgoings

[jono]

1 hour ago, Oldben said:

Your arguments flawed here, seriously giving to some rich guys the stadium, hardly giving at 20 million.

Plus mm is responsible at least to a major degree for the huge debt and the mess with the efl.

The mess with mb/w is also on him.

We owe hmrc 30 million largely because of him.

We owe arsenal fc 8 million largely on him, because of mm poor decision to bring in a player of that value.

We owe msd 30 million, largely on him.

Having placed the club into this much debt, and them what, he's right to blame buyers for leaving the club in administration and being responsible at least in part for the 21 points dished out by the efl.

Creating that much debt, creating an atmosphere of fear over will the club continue to exist.

Now it's OK for mm to get some money for the stadium.

Does the money for the stadium at least involve the repayment of the msd loan? No, it doesn't.

And for that matter who is mm other than a rich guy who played us for fools and bankrupted the club he says he loves.

 

You’ve got quite an axe to grind haven’t you. No one denies Mel gambled and lost; costing us all this heartache and him a shed load of dosh. The singular, blinkered outlook you project, despite this, is frankly risible. 

We all complained vociferously at Bieliks signing - or did we ? 

Of course Covid never happened - fake news 

Of course we “chose” not to apply for Covid relief - I mean you just wouldn’t would you

Middlesbrough owner wasn’t on a mission as a self appointed saint of all moral behaviour

Coughig isn’t a cheap chancer.

HMRC allowed the debt to climb to these levels … why ? Are they devoid of responsibility? They have powers beyond belief. So who messed up in their camp ? Or did they hand us a rope and point to a handily placed beam ? 

The EFL behaved impeccably while investigating our FFP violations and treated us with huge respect and honesty. At no time were they ever swayed by other members and they resisted threats to their organisation with heroic impartiality. They exercised balance and proportional behaviour at all times in applying sanctions, accepting arbitration decisions with equanimity. REALLY ? 

The finances of football in general and the Championship in particular aren’t twisted and dysfunctional for all but the parachute clubs. Noooo of course not.

Yeah but it’s all Mel’s fault cos his name was on the door and he took out pay day loans in the vain hope of most gamblers

for gods sake get some perspective 

[Ramos]

53 minutes ago, ketteringram said:

BBC radio five just referred to it as the ipro stadium?

Does that mean Ipro now has to pay us 30M for advertising? Finally a WAY OUT!! 

[hintonsboots]

31 minutes ago, curb said:

If he had the financial means then why would he have taken on the MSD loans?

Asset rich cash poor ? Thought they would be short term I suppose, the Sheik sale started about 2 years and 1222 pages ago.

[Big Trav]

String rumours that Ashley will be announced imminently

[Gritstone Tup]

3 hours ago, PistoldPete said:

All true. But if he doesn't then the Council seem to be saying as per their latest statement there is a fallback plan. We do not really want to use public money for this but otherwise public money is lost anyway due to loss of taxes etc. 

Which means Quantuma cannot pull the plug.. there is still hope even if a commercial buyer cannot be found.   

Loss of taxes! The ones we don’t pay you mean.

[Rambalin]

 

[twelveincher]

4 minutes ago, Big Trav said:

String rumours that Ashley will be announced imminently

Where from? Saw BAWT saying they heard something was going to be announced but thought they just wanted to put something out there to show they know more than the average fan in case something did happen.

[Rammy03]

i dont believe it

Edited April 4, 2022 by Rammy03

[Gritstone Tup]

Omg do these people and our club have no morale fibre whatsoever. So now a cash strapped council (and they all are) are going to buy the football stadium because multi millionaires are playing games.

At what expense to public services for struggling families, pensioners and/or disabled people. Hang your heads in shame!!

[r_wilcockson]

3 minutes ago, Rambalin said:

[Mr. P]

[RoyMac5]

10 minutes ago, Big Trav said:

String rumours that Ashley will be announced imminently

Stringing us along rumours, is it? ? #COYR

[cosmic]

9 minutes ago, Big Trav said:

String rumours that Ashley will be announced imminently

I guess he sees us as money for old rope.