The Administration Thread

[Eatonram]

Another thing I dont quite understand is why CK would not be prepared to take out a "mortgage" to buy the stadium? He would then own it or the Club would and pay out so much a year........All the new stadia and stands built over the last 30 years have been financed this way.....in fairness to Morris, when he bought the Club the ground was mortgaged, so why not now???

Anyone?

[Curtains]

I think CK is still working on it which gives me hope .

 

https://www.derbytelegraph.co.uk/sport/football/football-news/derby-county-takeover-kirchner-morris-7053882

[Tombo]

22 hours ago, Tamworthram said:

Was that you @Tombo on the pitch (on your own) at the end ?

Afraid not, I'm at the very high reaches of the South West, there's no way I could get down there in time ?

[Carnero]

10 minutes ago, CornwallRam said:

No. PPS would be repossessed by MSD, but it wouldn't cost Mel any more than he's already lost. 

If he sold PPS for £10m, it'd cost him another £12m to pay off MSD - assuming he owes £22m and he has not put up any personal assets as extra security. 

I thought we already knew that MM had also given a personal guarantee on the MSD loans, secured on his private properties.

[CornwallRam]

9 minutes ago, derby8 said:

see you mention L2 for new team but we'd be much lower than that, new teams don't start in the efl.

The FA guidelines say 3 divisions so we should be Conference, but it has been speculated that a deal has been agreed for League 2.

[derby8]

2 minutes ago, Kernow said:

If I win £184mil on the Euromillions on Tuesday then I hereby promise to buy the ground off Mel and have this whole saga done with ?

how about £1884m?

[Carnero]

7 minutes ago, Andicis said:

 

Mike Horton? ?

[TuffLuff]

5 minutes ago, hintonsboots said:

Ashley, the former Newcastle owner, remains interested in buying the stricken club out of administration and is considering a renewed bid in the next 48 hours.

Here we go again.

If it mentions 48 hours, you know it’s from Mel

[Curtains]

CK also has said this which gives us hope 

"We remain at an impasse, but I’m hopeful everyone will come around to agree to save this great football club and so that we can move on with rebuilding it”

 

[Kernow]

1 minute ago, derby8 said:

how about £1884m?

I’d say I’d buy the entire Club if I won that much, but I’m still not that stupid!

[hintonsboots]

A local third party is apparently working to try to make an offer for stadium and get deal over line. Let's hope they are successful.

[DJFern94]

Does Niall Horan want to chuck a few quid in? I don’t mind sitting in the One Direction stand.

[scout's dad]

3 minutes ago, Kernow said:

If I win £184mil on the Euromillions on Tuesday then I hereby promise to buy the ground off Mel and have this whole saga done with ?

You’ve got to be in it to win it?

[Anag Ram]

Just now, hintonsboots said:

A local third party is apparently working to try to make an offer for stadium and get deal over line. Let's hope they are successful.

Looking forward to the snow dome

[CornwallRam]

3 minutes ago, Carnero said:

I thought we already knew that MM had also given a personal guarantee on the MSD loans, secured on his private properties.

I'm not sure we 'know' anything. There are also upto four different MSD loans out there. Not impossible that each is secured differently.

[Caerphilly Ram]

As has been discussed a lot the last couple of days, we don’t know all the facts, plenty of speculation on all sides. I know not everyone trusts his info but this is an interesting take from Nixon, suggesting Mel simply can’t afford to lose out financially here….

 

[hintonsboots]

MSD have obviously got Mel by the short and curlies. His estimated £500 million of wealth must be down to around £25 million ( mainly the stadium value)and not getting enough for the stadium to repay MSD will likely bankrupt him ? He has gambled big time on getting the Rams into the Prem and it has nearly wiped him out financially.

Edited May 8, 2022 by hintonsboots

[Ramarena]

4 minutes ago, Caerphilly Ram said:

As has been discussed a lot the last couple of days, we don’t know all the facts, plenty of speculation on all sides. I know not everyone trusts his info but this is an interesting take from Nixon, suggesting Mel simply can’t afford to lose out financially here….

 

Ahhhhhh good old personal responsibility………..or lack there of from these types!

He’s shafted the tax payer out of millions.

Owes money to a line of companies.

Is on the verge of destroying our club.

Etc, etc

Yet it’s their own personal wealth that needs to be salvaged as much as possible while all else burns!

If this was the average person in the street, they’d be told they are scroungers and need to face up to their mistakes and responsibilities, whilst being left to rot!

 

[TuffLuff]

22 minutes ago, Andicis said:

 

Really interesting development this and will see how it plays out before laying my cards on the table, but local businessmen have always thought the stadium and the area had development potential. Without a club then all the area around Pride Park gets lost. 

Ideally, I’d like a deal with the council but this is a better option than Mike Ashley

[scout's dad]

5 minutes ago, hintonsboots said:

MSD have obviously got Mel by the short and curlies. His estimated £500 million of wealth must be down to around £25 million ( mainly the stadium value)and not getting enough for the stadium to repay MSD will likely bankrupt him ? He has gambled big time on getting the Rams into the Prem and it has nearly wiped him out financially.

I can’t believe that someone who was so ‘business aware’ would get in to such a situation.