kevinhectoring Posted January 25 Share Posted January 25 On 23/01/2024 at 14:45, G STAR RAM said: o in summary, KM was talking bollox when he said he wrote off £200m owed from the club, unless of course he loaned £200m to the club between 30/06/2018 and the date we went into administration, this on top of the other circa £50m of debt that he left is in at time of departure. Morris, in his farewell interview on RD, indicated that his total written off investment in the ‘club’ was around £200m. By the ‘club’ he meant of course the Gellaw group of companies. Don’t want to defend KM obviously, but when he said MM wrote off £200m owing the ‘club’ he was probably also talking about the group Link to comment Share on other sites More sharing options...
kevinhectoring Posted January 25 Share Posted January 25 1 hour ago, Ghost of Clough said: Gellaw 202 (the stadium) and The Club are both owned by Clowes Developments. The £750k is essentially moved from the left hand to the right hand. I believe a 'real rent' has to be paid for P&S purposes. The method of calculating the rent was outlined in the first EFL decision. It was a joke, as it assumed the stadium was a thriving venue for the likes of Beyoncé. Never understood why EFL did not challenge the rent paid as an undervalue Link to comment Share on other sites More sharing options...
RoyMac5 Posted January 25 Share Posted January 25 Slightly OTT Link to comment Share on other sites More sharing options...
G STAR RAM Posted January 25 Share Posted January 25 3 hours ago, kevinhectoring said: Morris, in his farewell interview on RD, indicated that his total written off investment in the ‘club’ was around £200m. By the ‘club’ he meant of course the Gellaw group of companies. Don’t want to defend KM obviously, but when he said MM wrote off £200m owing the ‘club’ he was probably also talking about the group So what KM was saying is fair play to MM for writing off his investment that he had no way of recouping? Very strange thing to say. Link to comment Share on other sites More sharing options...
G STAR RAM Posted January 25 Share Posted January 25 5 hours ago, RoyMac5 said: Pops this little 'rider' in at the end of the clickbait thread when most have stopped reading! Just hope he didn't hear this from the same journalists that allegedly told him DCFC owed MM in excess of £200m 😂 RoyMac5 and Steve How Hard? 2 Link to comment Share on other sites More sharing options...
Ghost of Clough Posted January 25 Share Posted January 25 2 hours ago, RoyMac5 said: Slightly OTT People need to get over it. He will have made mistakes, but it's clear to me he also has regrets. Despite that, and still getting abused by fans, he has stuck by the club to make amends. Quantuma felt he was worth keeping around. Clowes has made the decision to keep him as his CEO. Move on. Crewton, Mihangel, FlyBritishMidland and 9 others 7 5 Link to comment Share on other sites More sharing options...
RoyMac5 Posted January 25 Share Posted January 25 (edited) 4 minutes ago, Ghost of Clough said: People need to get over it. He will have made mistakes, but it's clear to me he also has regrets. Despite that, and still getting abused by fans, he has stuck by the club to make amends. Quantuma felt he was worth keeping around. Clowes has made the decision to keep him as his CEO. Move on. His influence is still in the Club. Quantuma couldn't have found their own way around the mess that 'Mel' left the accounts in. But Pearce could. Clowes keeps him around, it's his choice not mine. Just as it's his Club to own, but mine to support. Edited January 25 by RoyMac5 jimtastic56 1 Link to comment Share on other sites More sharing options...
Foreveram Posted January 25 Share Posted January 25 3 minutes ago, RoyMac5 said: His influence is still in the Club. Quantuma couldn't have found their own way around the mess that 'Mel' left the accounts in. But Pearce could. Clowes keeps him around, it's his choice not mine. Just as it's his Club to own and mine to support. Support in what way, struggling with that one. Comrade 86, LazloW, Crewton and 5 others 8 Link to comment Share on other sites More sharing options...
RoyMac5 Posted January 25 Share Posted January 25 (edited) 1 minute ago, Foreveram said: Support in what way, struggling with that one. Your opinion is just that. Oh hang on lets have another 'who is the best and biggest fan' thread. Who is worthy! 😄 Edited January 25 by RoyMac5 Link to comment Share on other sites More sharing options...
Foreveram Posted January 25 Share Posted January 25 1 minute ago, RoyMac5 said: Your opinion is just that. It’s a genuine question, even Red Dawn has a good word to say about us now and again. Comrade 86, Crewton, FlyBritishMidland and 1 other 1 1 2 Link to comment Share on other sites More sharing options...
RoyMac5 Posted January 25 Share Posted January 25 2 minutes ago, Foreveram said: It’s a genuine question, even Red Dawn has a good word to say about us now and again. That's me at the top of the cherry picker Link to comment Share on other sites More sharing options...
richinspain Posted January 25 Share Posted January 25 33 minutes ago, RoyMac5 said: That's me at the top of the cherry picker You're Igor Stimac 😱 Steve How Hard?, RoyMac5, rynny and 1 other 1 3 Link to comment Share on other sites More sharing options...
Carnero Posted January 25 Share Posted January 25 52 minutes ago, Ghost of Clough said: People need to get over it. He will have made mistakes, but it's clear to me he also has regrets. Despite that, and still getting abused by fans, he has stuck by the club to make amends. Quantuma felt he was worth keeping around. Clowes has made the decision to keep him as his CEO. Move on. No, no, no, Pearce is a key cog in a conspiracy that reaches the very highest level of world governments and is overseen by the Master Overlord that is Mel Morris. kevinhectoring, angieram and Ghost of Clough 1 2 Link to comment Share on other sites More sharing options...
Steve How Hard? Posted January 25 Share Posted January 25 7 hours ago, McMuffin said: Is this anything to worry about? Only worrying thing about that is that first sentence. It reads as gobbledygook. @thebaron was in such a rush to get his clickbait out, he forgot to spell check it. 🔔end. uttoxram75 1 Link to comment Share on other sites More sharing options...
Spanish Posted January 25 Share Posted January 25 1 hour ago, Ghost of Clough said: People need to get over it. He will have made mistakes, but it's clear to me he also has regrets. Despite that, and still getting abused by fans, he has stuck by the club to make amends. Quantuma felt he was worth keeping around. Clowes has made the decision to keep him as his CEO. Move on. Sorry, he stayed on to make amends in a job where he isn’t being paid and he took despite many other job ops shown to him? I do hope he is keeping exacting records of any decision that is even slightly unique for a change. I tried to not respond but clearly couldn’t resist the bait Link to comment Share on other sites More sharing options...
angieram Posted January 25 Author Share Posted January 25 33 minutes ago, Steve How Hard? said: Only worrying thing about that is that first sentence. It reads as gobbledygook. @thebaron was in such a rush to get his clickbait out, he forgot to spell check it. 🔔end. You know when people were debating about KM's credibility on here, it's exactly this petty name-calling that makes him appear unprofessional in my eyes. RoyMac5, uttoxram75, Steve How Hard? and 3 others 2 4 Link to comment Share on other sites More sharing options...
angieram Posted January 25 Author Share Posted January 25 7 hours ago, Ghost of Clough said: Gellaw 202 (the stadium) and The Club are both owned by Clowes Developments. The £750k is essentially moved from the left hand to the right hand. I believe a 'real rent' has to be paid for P&S purposes. Spot on. And that is really important because it helps us in other ways. Yet we still charge a quarter of what Sheffield Wednesday do for that aging dump of a ground! Link to comment Share on other sites More sharing options...
G STAR RAM Posted January 25 Share Posted January 25 3 hours ago, angieram said: You know when people were debating about KM's credibility on here, it's exactly this petty name-calling that makes him appear unprofessional in my eyes. Id say the fact that he, incorrectly once again, states Gellaw Newco 202 owns Derby County, tells us alot more about his credibility than any name calling. Link to comment Share on other sites More sharing options...
Comrade 86 Posted January 25 Share Posted January 25 5 hours ago, angieram said: You know when people were debating about KM's credibility on here, it's exactly this petty name-calling that makes him appear unprofessional in my eyes. Yeah the petty name-calling marks him out as a proper whopper in my book. Oh, hang on... 🫢 Steve How Hard?, Ghost of Clough, angieram and 1 other 4 Link to comment Share on other sites More sharing options...
kevinhectoring Posted January 25 Share Posted January 25 8 hours ago, G STAR RAM said: So what KM was saying is fair play to MM for writing off his investment that he had no way of recouping? Very strange thing to say. Not so strange Morris might have said: I own the stadium (worth £81m) and I’ll sell it to the purchaser of the club for £40m. Instead, he sold it to DC for £23m. Maguire is making the point that Morris lost a large part of his fortune and - at the end of the day - facilitated the deal with DC. A point that’s lost on most fans Carnero and Macintosh 1 1 Link to comment Share on other sites More sharing options...
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