The Administration Thread

[maxjam]

1 minute ago, RoyMac5 said:

We'd be in the Prem and he'd sell us. Or we could wait for Mel to get us there!?

I've been a Derby fan for 40yrs, there is more to life than The Premiership.

It would be nice to get there but do I want umpteen years of the misery that Newcastle fans went through?

[kevinhectoring]

1 minute ago, rammieib said:

If we get liquidated, and the only assets we have are the four players under contract, on which we’d maybe raise £2-3 million in selling (as it’s bargain basement time), who gets paid first? Football creditors or the administrators?

Q 

[strawhillram]

Just now, maxjam said:

I've been a Derby fan for 40yrs, there is more to life than The Premiership.

It would be nice to get there but do I want umpteen years of the misery that Newcastle fans went through?

Probably yes

[FlyBritishMidland]

6 minutes ago, RoyMac5 said:

Yeah because retail stores are booming right now. ?

I don’t think it was now!!  If that example isn’t enough how about DW Sports. 40% of their shops/gyms closed immediately on take over.  But yeah, he’s a nice man.

[one_chop]

11 minutes ago, BuckoBeast said:

He said there would be an update today. Something really stinks now. I’m afraid it looks like liquidation 

You'll get called an attention seeker with posts like that.

[FlyBritishMidland]

9 minutes ago, maxjam said:

I'm not sure why anyone would want Mike Ashley tbh, he proved at Newcastle that he's not there for the love of football or the fans - just cold hard cash to line his pockets.

'Under Ashley, this became a zombie club, an illusion of life.'

https://www.skysports.com/football/news/11095/12427961/mike-ashleys-newcastle-united-era-no-trophies-and-no-fun-his-exit-will-bring-hope-to-supporters-at-st-james-park

'Former Newcastle owner Mike Ashley spent less on infrastructure than any other Premier League club over the past decade - and less than a third of what the second-lowest spending club spent.'

https://www.chroniclelive.co.uk/sport/football/football-news/newcastle-new-owners-alarming-figures-21968132

To make money off us I assume he will run the academy down, let the stadium fall into disrepair and penny pinch wherever he can.  He might get us into the Premiership but at what cost?  He clearly doesn't give a hoot about saving us, just acquiring us for the lowest price possible and exploiting us to make as much as he can.  Newcastle fans didn't protest his ownership for no good reason.

Hopefully Chris Kirchner will get the deal done, all misty-eyed backing Rooney and investing in the academy as promised.  Football is all about hopes and dreams, I might be in a minority but I'd rather take the slow road back feeling connected to my club than line the pockets of Ashley and experience soulless matchdays.

Then I’m in that minority with you ?.

[minesahartington]

3 hours ago, Rev said:

I was hoping the parties would come together and announce something.

Apparently, mean Mr Mustard has complained that we never give him our money, Rooneys struggling to carry that weight, and now the end is nigh.

 

Let it be

[Guest]

27 minutes ago, kevinhectoring said:

1 hour ago, Charlotte Ram said:

The MSD loans were to Gellaw new 202 which is owned wholly by MM so DCFC are not paying the loans

Well MM has guaranteed the loan apparently but so has the club. And MM has allegedly put a cash deposit against the loan. This (probably) means that if MSD were to snaffle the deposit, MM would have a claim against the club. Oooo errr missus

Charlotte Ram knows far more than anyone who posts on here about the current takeover process. Unlike you he is very discreet. You are punching well above your weight here and making a fool of yourself.

[Ram1988]

What happened to the council buying the ground? it had all seemed to go quiet on that front. I hope they would help save the club and CK's deal.

[B4ev6is]

4 minutes ago, Ram1988 said:

What happened to the council buying the ground? it had all seemed to go quiet on that front. I hope they would help save the club and CK's deal.

It could still happen dont forget that other businessmen will to buy the ground.

[Ram1988]

9 minutes ago, B4ev6is said:

It could still happen dont forget that other businessmen will to buy the ground.

I hope so, but it has all gone quiet about them buying it too. Did we ever find out who they are?

[B4ev6is]

1 minute ago, Ram1988 said:

I hope so, but it has all gone quiet about them buying it too. Did we ever find out who they are?

No

But a very very very rich man appentley.

[Ram1988]

8 minutes ago, B4ev6is said:

No

But a very very very rich man appentley.

I hope they get on with it and buy PP soon.

[Dave Mackay Ate My Hamster]

You hear about so many businesses that are bought for a nominal £1, including football clubs, I think that's pretty much where we are. Anyone who's willing to spend £30m to pay off Mel's debts is just doing it as a vanity project.

We're worthless with the amount of debt we're shouldering. And without a stadium, less than that.

The only equity is in acquiring the stadium on the cheap.

On a prospective turnover of approx £6m-£10m next year, most of that will be swallowed up in wages and additional costs. There'll be no profit in that turnover for any prospective investor.

I'm amazed anyone would consider paying anything near £30m for our club, especially without a stadium. The only upside is getting the ground at a discount - circa £20m , then borrowing against it's true value, prob £45m max in the current climate. I think that was CK's strategy for raising future funds. A future guarantee of buying at £20m but leveraging debt against the higher figure to generate funds.

I think Mel has made us unsellable at the current £30m to buy the club + £20m odd million to buy the stadium.

Our only hope to avoid oblivion is for MA to pay peanuts for the what's left, and getting the only real asset - the stadium for around £20m or less.

That's what he does. That's the reality of our parlous financial position sadly.

Edited May 16, 2022 by Dave Mackay Ate My Hamster

[MackworthRamIsGod]

I just cannot believe we haven't had an official announcement one way or another.

The whole fanbase and media have been on hold today waiting for news, I bet productivity has been down all over Derbyshire.

It just shows how little these rich folk think of us fans.

[kevinhectoring]

24 minutes ago, Brailsford Ram said:

Charlotte Ram knows far more than anyone who posts on here about the current takeover process. Unlike you he is very discreet. You are punching well above your weight here and making a fool of yourself.

Actually my weight has become a bit of a problem recently so you might need to take that one back

@Charlotte Ramknows perfectly well that the club has guaranteed the MSD loans because he looked at the charges registers at companies house months ago 

 

[S8TY]

9 minutes ago, Dave Mackay Ate My Hamster said:

You hear about so many businesses that are bought for a nominal £1, including football clubs, I think that's pretty much where we are. Anyone who's willing to spend £30m to pay off Mel's debts is just doing it as a vanity project.

We're worthless with the amount of debt we're shouldering. And without a stadium, less than that.

The only equity is in acquiring the stadium on the cheap.

On a prospective turnover of approx £6m-£10m next year, most of that will be swallowed up in wages and additional costs. There'll be no profit in that turnover for any prospective investor.

I'm amazed anyone would consider paying anything near £30m for our club, especially without a stadium. The only upside is getting the ground at a discount - circa £20m , then borrowing against it's true value, prob £45m max in the current climate. I think that was CK's strategy for raising future funds. A future guarantee of buying at £20m but leveraging debt against the higher figure to generate funds.

I think Mel has made us unsellable at the current £30m to buy the club + £20m odd million to buy the stadium.

Our only hope to avoid oblivion is for MA to pay peanuts for the what's left, and getting the only real asset - the stadium for around £20m or less.

That's what he does. That's the reality of our parlous financial position sadly.

All of which you say makes very grim reading …so sad …Morris should never ever have split the ground from the club …the man is an utter buffoon and I do not know how that man sleeps at night 

[Gee SCREAMER !!]

43 minutes ago, maxjam said:

I've been a Derby fan for 40yrs, there is more to life than The Premiership.

It would be nice to get there but do I want umpteen years of the misery that Newcastle fans went through?

Grease me up and give me the misery that Newcastle fans have been through right now.  Two championship promotions and about 80% of the last 30 years in the top flight with a massive chance of European football in the next couple of years.  The other option being another month of a narcissistic ground botherer who can't let go and a 50p millionaire who sends the occasional tweet amongst rounds of golf. 

[B4ev6is]

Please please please kircher come back the real derby fans dont want us to go bust dont give up now.

[Cam the Ram]

 

Edited May 16, 2022 by Cam the Ram