Yani P Posted March 18, 2022 Share Posted March 18, 2022 It's been clear for a very long time these potential new owners (if they indeed exist) have zero interest or passion for Derby County football club..they are out to get a sale through for a bare minimum price. It appears they do not care one jot whether all of our playing assets walk away for nothing, nor if we end up on -15 next season. Doesn't fill me with any enthusiasm that they will be decent guardians of our club. Mel Morris has everything to answer for. He has gone down in our history as the worst owner we have ever had by a country mile. An absolute odious human being at every level, enjoy your hundreds of millions you are a disgrace. Thameram, Ram-a-lama fa fa fa, Rev and 17 others 7 13 Link to comment Share on other sites More sharing options...
atherstoneram Posted March 18, 2022 Share Posted March 18, 2022 42 minutes ago, 1of4 said: If we keep losing players like we are, come the end of the season will there be any assets left to sell off, when it comes time to liquidated the club? As for any potential buyer, other than the club's name, will there be anything left worth buying? The value of the club must be dropping by the day. Definitely feeling more and more like a buyers market No idea what sort of payments the creditors are wanting. But if I was one of the creditors I'd be telling the administrators to sell the club for whatever they can get. Because the way things are going the creditors will be lucky if they get 5 pence in the pound, if that. Doesn't quite work like that,there is a minimum requirement they have to be offered apart from unsecured creditors. Link to comment Share on other sites More sharing options...
Oldben Posted March 18, 2022 Share Posted March 18, 2022 2 hours ago, BramcoteRam84 said: £28 million without stadium was previous bid. Assuming lease deal could be achieved with Mel, GOC said £28m would work to satisfy creditors making certain assumption eg HMRC agreeing to 25% Q are raising price bidders lowering the price - or placing conditions on what they will pay for the stadium!?- It will run for weeks, its a negotiation. The fact they’ve been given to the end of the season because we can complete fixtures means the negotiation will likely continue to the end of the season. 28 million for a club possibly in League 1 seems a decent bid to me. I think creditors have zero chance of getting 100% return. That's the thing with being a creditor, it's a risky business. Plus a % is better than nothing, they will get next to nothing if the club's liquidated. Tamworthram, r_wilcockson and BramcoteRam84 3 Link to comment Share on other sites More sharing options...
TheresOnlyWanChope Posted March 18, 2022 Share Posted March 18, 2022 (edited) 12 minutes ago, G STAR RAM said: What revenue stream will an owned stadium provide that a leased one wont? Bigger profit but depends on rental cost. Also, if it’s leased it will be owned by the guy who put Derby into administration! Edited March 18, 2022 by TheresOnlyWanChope jimtastic56 1 Link to comment Share on other sites More sharing options...
atherstoneram Posted March 18, 2022 Share Posted March 18, 2022 18 minutes ago, Ram1988 said: Surley it doesn't take this long to weigh up the offers? we have to accept one even if it does result in a minus 15 next season Administrators don't have to accept any bids if they are not viable going forward. Link to comment Share on other sites More sharing options...
Big Trav Posted March 18, 2022 Share Posted March 18, 2022 The thing is, The longer this goes on the more debt the club is in. Chris Kirchner was 100% right when he said that if a sale didn't happen in January the club would be in liquidation. The debts are rising the assets are falling, every day the club becomes less appealing Derby4Me, IslandExile, jimtastic56 and 4 others 2 2 3 Link to comment Share on other sites More sharing options...
Ram a lamb a ding dong Posted March 18, 2022 Share Posted March 18, 2022 We have all been mugged off. We thought we had done our bit and now let the big boys get on with it. We that hasn't happened has it. Only way forward is march no.2 pre Preston. No other options jimtastic56, Derby4Me and r_wilcockson 1 2 Link to comment Share on other sites More sharing options...
Ram a lamb a ding dong Posted March 18, 2022 Share Posted March 18, 2022 Council House 6pm start jimtastic56 1 Link to comment Share on other sites More sharing options...
Ram1988 Posted March 18, 2022 Share Posted March 18, 2022 18 minutes ago, atherstoneram said: Administrators don't have to accept any bids if they are not viable going forward. No accepted bids = liquidation jimtastic56 1 Link to comment Share on other sites More sharing options...
PistoldPete Posted March 18, 2022 Share Posted March 18, 2022 1 hour ago, AndyinLiverpool said: It's almost as if they just wanted the fans to shut up and eff off Well like a lot of people I am getting hacked off with Quantuma now but in fairness their statement seems to be in response to a spectacularly unhelpful letter from BAWT, which quoted from pond life like Maguire and Nixon. As such I think the appropriate response to BAWT would indeed be to eff off. They haven't even addressed the loss of Ebosele though which is the biggest dropped baalock made by Quantuma so far. David Graham Brown, FlyBritishMidland, Derby4Me and 1 other 4 Link to comment Share on other sites More sharing options...
Rampant Posted March 18, 2022 Share Posted March 18, 2022 40 minutes ago, Yani P said: Mel Morris has everything to answer for. He has gone down in our history as the worst owner we have ever had by a country mile. An absolute odious human being at every level, enjoy your hundreds of millions you are a disgrace. I'm with you 100% @Yani P. Link to comment Share on other sites More sharing options...
Yani P Posted March 18, 2022 Share Posted March 18, 2022 I'm no expert on Administration as luckily not been through it myself, but is there any angle here where a potential buyer might actually prefer to see us liquidated then start the Phoenix club? jimtastic56 and Derby4Me 2 Link to comment Share on other sites More sharing options...
davenportram Posted March 18, 2022 Share Posted March 18, 2022 1 minute ago, Yani P said: I'm no expert on Administration as luckily not been through it myself, but is there any angle here where a potential buyer might actually prefer to see us liquidated then start the Phoenix club? Like Rangers did? Link to comment Share on other sites More sharing options...
Yani P Posted March 18, 2022 Share Posted March 18, 2022 Exactly that..I mean they would pay no debts, probably get the ground for peanuts ...it makes a lot of sense as it's clear they don't want to buy us as a strong championship club. Probably a mile off but the inaction did make me wonder. Link to comment Share on other sites More sharing options...
europia Posted March 18, 2022 Share Posted March 18, 2022 55 minutes ago, Oldben said: That's the thing with being a creditor, it's a risky business. Plus a % is better than nothing, they will get next to nothing if the club's liquidated. It's only a risky business due to unscrupulous types who don't pay their bills !! Ramarena and atherstoneram 2 Link to comment Share on other sites More sharing options...
RipleyRich Posted March 18, 2022 Share Posted March 18, 2022 (edited) 2 hours ago, G STAR RAM said: He doesnt need to reduce it, the new owners don't have to buy it. Infact why would they want to? But from what I understand, the £20m loan is on the Clubs books, but secured on the Stadium which is owed by MM. If that is the case, the buyer has to settle the debt (or take on the loan). Its only MM problem if the Club is liquidated. So, if my mind is working properly and this information is correct the club is liable for a £20m loan on a Stadium they still won't own after its paid, unless MM then signs it over? Edited March 18, 2022 by RipleyRich atherstoneram and jono 1 1 Link to comment Share on other sites More sharing options...
Tamworthram Posted March 18, 2022 Share Posted March 18, 2022 9 minutes ago, europia said: It's only a risky business due to unscrupulous types who don't pay their bills !! Not all businesses go into liquidation because their owners are unscrupulous. Link to comment Share on other sites More sharing options...
Oldben Posted March 18, 2022 Share Posted March 18, 2022 27 minutes ago, Yani P said: I'm no expert on Administration as luckily not been through it myself, but is there any angle here where a potential buyer might actually prefer to see us liquidated then start the Phoenix club? No because we wouldn't start in League one and the longer this draws out, we wouldn't start in League 2. We might start in the jokes League's below League 2. If that happened, derby have almost zero value. Link to comment Share on other sites More sharing options...
1of4 Posted March 18, 2022 Share Posted March 18, 2022 57 minutes ago, atherstoneram said: Doesn't quite work like that,there is a minimum requirement they have to be offered apart from unsecured creditors. And if the assets of the business that is in administration doesn't cover this minimum requirement when liquidated, then what? I'm assuming they have to accept a share of the amount available to all the creditors So any potential buyer would only need to offer slightly more than the current assets of the business, to give any creditor a larger payment then it would receive if the business was liquidated. Link to comment Share on other sites More sharing options...
Tamworthram Posted March 18, 2022 Share Posted March 18, 2022 14 minutes ago, Oldben said: No because we wouldn't start in League one and the longer this draws out, we wouldn't start in League 2. We might start in the jokes League's below League 2. If that happened, derby have almost zero value. Not a fan of grass roots football then? ? ThePrisoner 1 Link to comment Share on other sites More sharing options...
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