kevinhectoring Posted June 16, 2022 Share Posted June 16, 2022 8 minutes ago, Phuket Ram said: The entire MSD loan (£24m) has a personal guarantee from MM. MSD has a fixed (specific) charge (security) against the stadium owned by MM's company. Goodwill or shares or any other tangible or intangible assets have nothing to do with the MSD charge or the loan. Worth looking at the charging documents at the companies registry. They are easy to access. They contain cross guarantees, and fixed and floating charges - and they specifically refer to goodwill, and tangible and intangible assets. The list of chargors is in a schedule in the back On the quantum of MM’s PG, I think it’s been suggested that the reason he’s asking £20m for a stadium worth £80m (haha) is that his PG is for 20. Why do you think the whole amount is guaranteed ? Link to comment Share on other sites More sharing options...
Phuket Ram Posted June 16, 2022 Share Posted June 16, 2022 (edited) 10 minutes ago, kevinhectoring said: Worth looking at the charging documents at the companies registry. They are easy to access. They contain cross guarantees, and fixed and floating charges - and they specifically refer to goodwill, and tangible and intangible assets. The list of chargors is in a schedule in the back On the quantum of MM’s PG, I think it’s been suggested that the reason he’s asking £20m for a stadium worth £80m (haha) is that his PG is for 20. Why do you think the whole amount is guaranteed ? Thanks. To be honest I only looked at the fixed charge against the stadium as the rest of it is kind of meaningless given where we are now. The whole amount must be guaranteed (imho) because who on earth (and why on earth) would MSD make an unsecured loan to a company in administration? must be guaranteed. Don't you agree? Ps. We already know that player's registrations move to the EFL in the event of liquidation, so have no residual value Edited June 16, 2022 by Phuket Ram addition kevinhectoring and jono 1 1 Link to comment Share on other sites More sharing options...
kevinhectoring Posted June 17, 2022 Share Posted June 17, 2022 53 minutes ago, Coconut's Beard said: Earlier today you had a discussion with someone where you said that Gibson was always going to drag things out beyond the transfer window to discredit their point. Previously you've claimed that it was Qs fault things went this far as they had failed to deal with Gibson before the window was closed, it was oversight on their behalf. The two positions don't mesh. Either Gibson could have been dealt with earlier or he couldn't? Thanks for noticing. But I don’t think the two views are incompatible. Yes Q should have acted earlier. Yes talk of the great escape (as today’s poster said) in Dec was only going to hurt us RAM1966 1 Link to comment Share on other sites More sharing options...
I know nuffin Posted June 17, 2022 Share Posted June 17, 2022 4 hours ago, Tamworthram said: Aren’t the administrators appointed by the directors more often than not? In our case one and the same Link to comment Share on other sites More sharing options...
I know nuffin Posted June 17, 2022 Share Posted June 17, 2022 4 hours ago, Ghost of Clough said: It's £20.5m for the stadium. £3.5m on top was a separate loan It was, as I recall permitted by mm do against the stadium and MMS houses in London. So has to be paid back as part of the stadium deal Phuket Ram 1 Link to comment Share on other sites More sharing options...
I know nuffin Posted June 17, 2022 Share Posted June 17, 2022 5 hours ago, RoyMac5 said: Did CK bid before being made PB? But anyway being made PB meant you got to examine the books in detail didn't it? You'd not bid before then would you? That's the way it works. You bid on the administrators figures. Made PB. See the books in detail to do your due diligence, then make your mind up if you want to continue. Was told that is the way it is by somebody close to one of the interested parties Link to comment Share on other sites More sharing options...
Ewe Ram Posted June 17, 2022 Share Posted June 17, 2022 How many times have I thought that things can’t get any worse. Then they do. Topram, Hans Datdo-Dishes, SaffyRam and 3 others 4 2 Link to comment Share on other sites More sharing options...
Tamworthram Posted June 17, 2022 Share Posted June 17, 2022 4 hours ago, I know nuffin said: In our case one and the same True, but your post was suggesting that by law the administrators had to be appointed by the shareholders which isn’t correct. Link to comment Share on other sites More sharing options...
Guest Posted June 17, 2022 Share Posted June 17, 2022 8 hours ago, duncanjwitham said: And obviously those details are now 8(?) months out of date. The HMRC debt has continued to rise, more MSD money has been borrowed etc. There was an update to the figures posted at the end of April, so they are only a month out of date, not 8 months. Link to comment Share on other sites More sharing options...
Guest Posted June 17, 2022 Share Posted June 17, 2022 7 hours ago, The Scarlet Pimpernel said: So there is this stadium valued at over £80m and a league one team valued at next to nothing for sale for £45m. As an investor why isn't it a good deal? Because there is no return on the £80m stadium. An investor looks for a return on an investment. Link to comment Share on other sites More sharing options...
Ellafella Posted June 17, 2022 Share Posted June 17, 2022 https://www.dailymail.co.uk/sport/sportsnews/article-10919019/amp/A-shambles-farce-Chris-Kirchners-bid-buy-Derby-County-collapsed.html RamInFrance, The Scarlet Pimpernel, Anag Ram and 1 other 4 Link to comment Share on other sites More sharing options...
PistoldPete Posted June 17, 2022 Share Posted June 17, 2022 Can anyone explain Ashley’s claim against quantuma. Apparently he was going to be named PB in Jan . But wasn’t. No one was, because all bids were conditional on the Boro claim that was sorted in February. he didn’t then come in with a final bid until early May and then that as too low . His next bid was during CK’s exclusivity period. He has not made a further bid but is said to be still interested in buying us. If so , I suggest he needs to get a move on . but what has he lost? Legal fees? Poor soul but I think he can afford it. Aren’t rams fans rather more concerned about the possibility of losing their club and don’t give a stuff about Ashley’s legal fees? Indy, FlyBritishMidland and Crewton 1 2 Link to comment Share on other sites More sharing options...
sage Posted June 17, 2022 Share Posted June 17, 2022 7 hours ago, Millenniumram said: This is exactly the problem, he showed “proof of funds” and yet evidently didn’t have them. That suggests to me the “proof” the EFL and Quantuma required was not good enough. Same for the fit and proper person test, we all know that’s a complete nonsense. I could make the highest bid, but if it’s Monopoly money, I shouldn’t be made preferred bidder. This has to be sorted out, for the next club in our position as much as anything else. So no proof then. Link to comment Share on other sites More sharing options...
Guest Posted June 17, 2022 Share Posted June 17, 2022 7 hours ago, kevinhectoring said: Please relax old friend it was a joke not a letter before action Keep ‘em coming and I promise to continue to keep you entertained with nonsense. Please give me a break. I don’t like getting angry ? Link to comment Share on other sites More sharing options...
CBRammette Posted June 17, 2022 Share Posted June 17, 2022 Wish Ashley would just get on with it if he actually wants to buy us. Put in a bid so they are all in and we can move on. Then think actions against main players in this saga after the event may be more interesting and fruitful if he wants a fight (and obviously will fulfill our need for drama ?? in case of withdrawal symptoms) Crewton, Indy, Premier ram and 1 other 4 Link to comment Share on other sites More sharing options...
Tamworthram Posted June 17, 2022 Share Posted June 17, 2022 16 minutes ago, PistoldPete said: Can anyone explain Ashley’s claim against quantuma. Apparently he was going to be named PB in Jan . But wasn’t. No one was, because all bids were conditional on the Boro claim that was sorted in February. he didn’t then come in with a final bid until early May and then that as too low . His next bid was during CK’s exclusivity period. He has not made a further bid but is said to be still interested in buying us. If so , I suggest he needs to get a move on . but what has he lost? Legal fees? Poor soul but I think he can afford it. Aren’t rams fans rather more concerned about the possibility of losing their club and don’t give a stuff about Ashley’s legal fees? Of course Rams fans don't give a stuff about Ashley's legal fees but it's not us bringing the claim. He can afford it easily but rich people don't tend to give money away. If he has a case them I think he's right to bring it - someone needs to bring Q to order, but I'd rather he didn't distract negotiations right now but, perhaps it one of his bargaining tools. Jimbo Ram 1 Link to comment Share on other sites More sharing options...
Anag Ram Posted June 17, 2022 Share Posted June 17, 2022 18 minutes ago, PistoldPete said: Can anyone explain Ashley’s claim against quantuma. Apparently he was going to be named PB in Jan . But wasn’t. No one was, because all bids were conditional on the Boro claim that was sorted in February. he didn’t then come in with a final bid until early May and then that as too low . His next bid was during CK’s exclusivity period. He has not made a further bid but is said to be still interested in buying us. If so , I suggest he needs to get a move on . but what has he lost? Legal fees? Poor soul but I think he can afford it. Aren’t rams fans rather more concerned about the possibility of losing their club and don’t give a stuff about Ashley’s legal fees? It’s Derby who should be suing Quantuma. Millions of pounds taken already and for what? I actually think they would release funds to a Nigerian prince in an attempt to sell the club. So naive, so indecisive. I wonder how much future business they will get after this? Ramrob 1 Link to comment Share on other sites More sharing options...
Guest Posted June 17, 2022 Share Posted June 17, 2022 7 hours ago, Gritstone Ram said: Have we got a Quantuma Out thread yet? Please no, we are all suffering battle fatigue ? Link to comment Share on other sites More sharing options...
PistoldPete Posted June 17, 2022 Share Posted June 17, 2022 2 minutes ago, Anag Ram said: It’s Derby who should be suing Quantuma. Millions of pounds taken already and for what? I actually think they would release funds to a Nigerian prince in an attempt to sell the club. So naive, so indecisive. I wonder how much future business they will get after this? Well exactly . If there is any merit to Ashley’s claim then it is Derby fans and creditors who have lost out big time as a result of any failings by Q. daily Mail suggests it’s between Efl and q to be blamed for delays . I think that’s right everyone to blame here . but we need to crack on. Appleby bid sounds ok but still too low to Save us from points deduction perhaps? Link to comment Share on other sites More sharing options...
RoyMac5 Posted June 17, 2022 Share Posted June 17, 2022 56 minutes ago, G STAR RAM said: There was an update to the figures posted at the end of April, so they are only a month out of date, not 8 months. So how much do 'we' owe to MSD then? Link to comment Share on other sites More sharing options...
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