trooper Posted March 9, 2011 Share Posted March 9, 2011 Just spotted this on twitter..... http://www.clickondetroit.com/sports/22709027/detail.html Link to comment Share on other sites More sharing options...
Phoenix Posted March 9, 2011 Share Posted March 9, 2011 It's a year old... Link to comment Share on other sites More sharing options...
trooper Posted March 9, 2011 Author Share Posted March 9, 2011 I never even noticed that lol.. Dunce hat for me! Link to comment Share on other sites More sharing options...
the464444 Posted March 9, 2011 Share Posted March 9, 2011 It's a year old... still doesn't make it any less dodgy :frown: Link to comment Share on other sites More sharing options...
Boycie Posted March 9, 2011 Share Posted March 9, 2011 why's it dodgy? I speed read it, did i miss "derby to be sold to fund it" somewhere? Link to comment Share on other sites More sharing options...
RamNut Posted March 9, 2011 Share Posted March 9, 2011 Appleby is a former Palace Sports employee from the 80s and 90s and is no stranger to investing in professional sports teams. Derby County F.C. Ltd., bought an English professional soccer team in 2008 for $100 million. wow....a $100 million.....don't tell Pete Link to comment Share on other sites More sharing options...
EdinburghRam Posted March 9, 2011 Share Posted March 9, 2011 why's it dodgy? I speed read it, did i miss "derby to be sold to fund it" somewhere? same here and can't really be bothered to read it again, I'm getting as lazy as you Link to comment Share on other sites More sharing options...
ramblur Posted March 9, 2011 Share Posted March 9, 2011 Appleby is a former Palace Sports employee from the 80s and 90s and is no stranger to investing in professional sports teams. Derby County F.C. Ltd., bought an English professional soccer team in 2008 for $100 million. wow....a $100 million.....don't tell Pete There was a "$200m" to buy a "top European soccer club" in a US newscast on the same subject round about the time.Used to have the link to this classic archived,but got splatted accidentally. Link to comment Share on other sites More sharing options...
the464444 Posted March 9, 2011 Share Posted March 9, 2011 why's it dodgy? I speed read it, did i miss "derby to be sold to fund it" somewhere? Firstly, if it said that I would be overjoyed. Secondly, it's dodgy because the company that would be buying it is Derby County Ltd as opposed to GSE or whatever the company who took us over's called. Fact is, this lot are all Hedgefund and private equity operators. In my opinion, in order to raise large bank loans for investing in capital-intensive takeover projects and as such, they need to proquire loans on the basis of cash-flow as opposed to assets or profits. If they can prove they have the cash to pay the interest on the loans then they get them and then invest them in other 'projects'. The reason they are interested in the club is because we are the 12th highest supported club in England and as such, have a decent amount of money coming in. The only thing they can realistically do to increase cash-flow is bump down wages, we've become a Cash Cow if you will. In my opinion, of course. What they'll do in the end, in my personal opinion, is offload the club with shed-loads of debt when our club's been f****d over to the point at which it's no longer useful to them. The fact that Martinovich got banned for lying about his stake in the club to get extra funding goes to shows this to be true in my opinion. Link to comment Share on other sites More sharing options...
GboroRam Posted March 9, 2011 Share Posted March 9, 2011 Firstly, if it said that I would be overjoyed. EDITED BY LEGAL NUMPTY MOD - I don't know what's libel and what's not I think, by stating things like "fact is", and "what they'll do", OP is stating his own opinion here, mr GSE Lawyer man (if you're reading). If these posts get pulled its cos we're scaredy cats and don't want a legal battle. Link to comment Share on other sites More sharing options...
the464444 Posted March 9, 2011 Share Posted March 9, 2011 many apologies, how do i edit it? Link to comment Share on other sites More sharing options...
GboroRam Posted March 9, 2011 Share Posted March 9, 2011 Firstly, if it said that I would be overjoyed. Secondly, it's dodgy because the company that would be buying it is Derby County Ltd as opposed to GSE or whatever the company who took us over's called. Fact is, this lot are all Hedgefund and private equity operators. In my opinion, in order to raise large bank loans for investing in capital-intensive takeover projects and as such, they need to proquire loans on the basis of cash-flow as opposed to assets or profits. If they can prove they have the cash to pay the interest on the loans then they get them and then invest them in other 'projects'. The reason they are interested in the club is because we are the 12th highest supported club in England and as such, have a decent amount of money coming in. The only thing they can realistically do to increase cash-flow is bump down wages, we've become a Cash Cow if you will. In my opinion, of course. What they'll do in the end, in my personal opinion, is offload the club with shed-loads of debt when our club's been f****d over to the point at which it's no longer useful to them. The fact that Martinovich got banned for lying about his stake in the club to get extra funding goes to shows this to be true in my opinion. OP - is this the sentiment you meant? Link to comment Share on other sites More sharing options...
the464444 Posted March 9, 2011 Share Posted March 9, 2011 yeah, cheers mate, i'll bear that in mind in future. Link to comment Share on other sites More sharing options...
GboroRam Posted March 9, 2011 Share Posted March 9, 2011 yeah, cheers mate, i'll bear that in mind in future. I chickened out. If I was a highly paid lawyer versed in the in's and out's of libel law, I'd have a better idea what's DCFCFans.co.uk's responsibility and what's the individual's. If I was sure it was going to come back on you if anyone had any right to challenge, I'd leave you up that smelly creek with no paddle - as I'm not, I will squawk the squawk. Link to comment Share on other sites More sharing options...
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