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Wayne Rooney's Derby County - not any more (p41)

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  • SantaClaus
    SantaClaus Posts: 7,651
    SuedeAdidas said:
    I see that the Administrators have appealed the 12 point deduction stating that an exception should be made due to impact from Covid.


    Half the division would be in administration within 24 Hours if that appeal was upheld.
  • cafcdave123
    cafcdave123 Posts: 11,491
    give em another 5 point deduction for a frivolous appeal
  • cafc999
    cafc999 Posts: 4,967
    SuedeAdidas said:
    I see that the Administrators have appealed the 12 point deduction stating that an exception should be made due to impact from Covid.


    The impact of Covid did not stop them from cheating
  • Chris_from_Sidcup
    Chris_from_Sidcup Posts: 35,994
    Callumcafc said:
    https://www.mirror.co.uk/sport/football/news/mike-ashley-newcastle-takeover-derby-25176535
    The thing with Ashley is he's a businessman and only interested in making money. The only way to do that in football is to get to the PL and stay there.

    To buy Derby he's got to spend at least 50m (maybe more) just to clear their debts and there's a good chance they might be in league one next season. As well as the initial 50m, he'd probably have to spend at least double that on a new squad to have any chance of getting back to the PL, and that's on top of whatever it costs to run the club.

    If they got to the PL in 2 years he might just about break even, but then of course he'd have to buy players to give them a chance of staying up. Anything beyond 2 years he's looking at losing at least 150m+. Obviously he can afford it, but would he really want to spend/lose that much?
  • ShootersHillGuru
    ShootersHillGuru Posts: 50,619
    If Ashley couldn’t steer Newcastle to break into the top eight PL clubs with their size and potential then doing it with Derby seems unlikely and an attempt expensive. 
  • charltonbob
    charltonbob Posts: 8,254
    SuedeAdidas said:
    I see that the Administrators have appealed the 12 point deduction stating that an exception should be made due to impact from Covid.


    Watch it get reduced because of "exceptional circumstances"
  • Cafc43v3r
    Cafc43v3r Posts: 21,600
    ShootersHillGuru said:
    If Ashley couldn’t steer Newcastle to break into the top eight PL clubs with their size and potential then doing it with Derby seems unlikely and an attempt expensive. 
    That wasn't what he was trying to do though.   Under him they got relegated twice, but bounced back at the first attempted and have finished comfortably midtable for the last two seasons.

    It's not what Ashley "achieved" supporters of 82 of the 92 would take that, its the "how" he did it. 
  • guinnessaddick
    guinnessaddick Posts: 28,598
  • Redrobo
    Redrobo Posts: 11,330
    guinnessaddick said:
    I think the EFL should help them by announcing the further points deductions for the cheating.
  • killerandflash
    killerandflash Posts: 69,839
    guinnessaddick said:
    That sounds less impressive when you read that they are acting on behalf of a Malaysian Consortium.

    I immediately smell a rat, when the alleged investors are an anonymous foreign "consortium", indeed that was one of the refreshing things about Thomas when he came on the scene, an actual named person expressing an interest.
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  • ForeverAddickted
    ForeverAddickted Posts: 94,288
    edited November 2021
    Derby's appeal over their points deduction for going into Administration has been adjourned

    Why... Just why??? - Bloody well kick out the appeal as frivolous

    Do the EFL need a second opinion to work out if they have any balls?

    https://www.skysports.com/football/news/11095/12464236/derby-countys-appeal-against-12-point-deduction-for-entering-administration-is-adjourned
  • golfaddick
    golfaddick Posts: 33,618
    ForeverAddickted said:
    Derby's appeal over their points deduction for going into Administration has been adjourned

    Why... Just why??? - Bloody well kick out the appeal as frivolous

    Do the EFL need a second opinion to work out if they have any balls?

    https://www.skysports.com/football/news/11095/12464236/derby-countys-appeal-against-12-point-deduction-for-entering-administration-is-adjourned
    No date set. How does that work then. Just appeal & then pull out at the last minute hoping that any final decision will come too late to take effect this season, thus delaying things for yet another year 
  • clive
    clive Posts: 19,442


    DERBY SUITORS BACK OUT OF TAKEOVER INTEREST

    Sandy and James Easdale, who had been interested in buying beleaguered Derby County, have announced they are walking away from negotiations.

    In a statement, they said: “We have withdrawn our note of interest in Derby FC with immediate effect. We feel the timelines set out were unworkable for us to fairly value the club with so many issues to cover. Our lawyers have informed the administrators of our decision.

    “We wish Derby County all the best in their search for a new owner and hopefully the fans get good news soon.”
    https://www.skysports.com/transfer-centre

  • guinnessaddick
    guinnessaddick Posts: 28,598
     Value of the club?

    Sweet FA
  • Alwaysneil
    Alwaysneil Posts: 13,805
    Matt Southall involved yet? 
  • iaitch
    iaitch Posts: 10,219
    Patience.
  • killerandflash
    killerandflash Posts: 69,839
    clive said:


    DERBY SUITORS BACK OUT OF TAKEOVER INTEREST

    Sandy and James Easdale, who had been interested in buying beleaguered Derby County, have announced they are walking away from negotiations.

    In a statement, they said: “We have withdrawn our note of interest in Derby FC with immediate effect. We feel the timelines set out were unworkable for us to fairly value the club with so many issues to cover. Our lawyers have informed the administrators of our decision.

    “We wish Derby County all the best in their search for a new owner and hopefully the fans get good news soon.”
    https://www.skysports.com/transfer-centre

    The club is a massive mess, there are so many easier options for anyone looking to buy a club
  • IdleHans
    IdleHans Posts: 10,957
    I can value it easily. It is worth precisely f*** all
  • Todds_right_hook
    Todds_right_hook Posts: 10,877
    Alwaysneil said:
    Matt Southall involved yet? 
    He will have to sell rochdale first
  • DaveMehmet
    DaveMehmet Posts: 21,591
    clive said:


    DERBY SUITORS BACK OUT OF TAKEOVER INTEREST

    Sandy and James Easdale, who had been interested in buying beleaguered Derby County, have announced they are walking away from negotiations.

    In a statement, they said: “We have withdrawn our note of interest in Derby FC with immediate effect. We feel the timelines set out were unworkable for us to fairly value the club with so many issues to cover. Our lawyers have informed the administrators of our decision.

    “We wish Derby County all the best in their search for a new owner and hopefully the fans get good news soon.”
    https://www.skysports.com/transfer-centre

    This could signal the end for them. Feel for the fans (apart from the ones who took the piss up there the year we were relegated) but the club have only got themselves to blame.
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  • Chris_from_Sidcup
    Chris_from_Sidcup Posts: 35,994
    I assume when they're talking about the value of the club they mean is it worth taking on the huge debts.

    There is no actual price value at all in Derby as the debts are more than the club is realistically worth. So any buyer has to assess whether the club which could be in league one next season is worth taking on when they have to spend about 60m to start at zero.
  • ElliotCAFC
    ElliotCAFC Posts: 2,552
    Chris_from_Sidcup said:
    I assume when they're talking about the value of the club they mean is it worth taking on the huge debts.

    There is no actual price value at all in Derby as the debts are more than the club is realistically worth. So any buyer has to assess whether the club which could be in league one next season is worth taking on when they have to spend about 60m to start at zero.
    I thought administration wiped all the debt? 
  • randy andy
    randy andy Posts: 5,454
    Football debts have to be paid before being allowed to compete in the league. We know they haven't paid the £10m for Bielik yet, so is £60m just football debts and they actually owe millions more to local businesses, etc. that will be wiped out by administration.
  • Lordflashheart
    Lordflashheart Posts: 5,619
    ElliotCAFC said:
    Chris_from_Sidcup said:
    I assume when they're talking about the value of the club they mean is it worth taking on the huge debts.

    There is no actual price value at all in Derby as the debts are more than the club is realistically worth. So any buyer has to assess whether the club which could be in league one next season is worth taking on when they have to spend about 60m to start at zero.
    I thought administration wiped all the debt? 
    Nope - under administration an administrator is appointed - their job is to use the company’s assets to repay creditors (both secured and unsecured) - this assumes the company has assets that can be sold or leveraged to do that - in the case of Derby (I understand) the main creditor is Mel Morris and he owns Pride Park - so the reality is that Derby have very little assets at all….
  • ElliotCAFC
    ElliotCAFC Posts: 2,552
    randy andy said:
    Football debts have to be paid before being allowed to compete in the league. We know they haven't paid the £10m for Bielik yet, so is £60m just football debtsuu  and they actually owe millions more to local businesses, etc. that will be wiped out by administration.
    Lordflashheart said:
    Nope - under administration an administrator is appointed - their job is to use the company’s assets to repay creditors (both secured and unsecured) - this assumes the company has assets that can be sold or leveraged to do that - in the case of Derby (I understand) the main creditor is Mel Morris and he owns Pride Park - so the reality is that Derby have very little assets at all….
    Thanks both, you learn something everyday. Really grim for Derby fans, can’t see any happy ending here. 
  • Lordflashheart
    Lordflashheart Posts: 5,619
    ElliotCAFC said:
    randy andy said:
    Football debts have to be paid before being allowed to compete in the league. We know they haven't paid the £10m for Bielik yet, so is £60m just football debtsuu  and they actually owe millions more to local businesses, etc. that will be wiped out by administration.
    Lordflashheart said:
    Nope - under administration an administrator is appointed - their job is to use the company’s assets to repay creditors (both secured and unsecured) - this assumes the company has assets that can be sold or leveraged to do that - in the case of Derby (I understand) the main creditor is Mel Morris and he owns Pride Park - so the reality is that Derby have very little assets at all….
    Thanks both, you learn something everyday. Really grim for Derby fans, can’t see any happy ending here. 
    I think the technical term for Derby’s plight is that ‘they are fucked’ 😳
  • Todds_right_hook
    Todds_right_hook Posts: 10,877
    Live by the sword…..
  • AndyG
    AndyG Posts: 5,905
    A sorry state indeed. Although Im not in anyway defended what has gone on in Derby it is a bit ironic that a lifelong fan who had done well in life has spent a not inconsiderable proportion of his fortune trying to realise a dream for himself and other fans of the club. He must be really gutted, imagine if one of us won a big rollover on the lottery and bought the club and then pissed the whole lot up the wall failing which led to the demise of the club we love
  • Athletico Charlton
    Athletico Charlton Posts: 14,273
    edited November 2021
    AndyG said:
    A sorry state indeed. Although Im not in anyway defended what has gone on in Derby it is a bit ironic that a lifelong fan who had done well in life has spent a not inconsiderable proportion of his fortune trying to realise a dream for himself and other fans of the club. He must be really gutted, imagine if one of us won a big rollover on the lottery and bought the club and then pissed the whole lot up the wall failing which led to the demise of the club we love
    If he is that gutted he will do what the Bolton fella did and he would gift the stadium back in someway and wipe out all of his own debts.  The club is not worth "fuck all" as it stands, it is worth less than that.  It is just debts with little to no assets. 

    There can be no sane reason to take them on that I can think of. 

    If the new owners got the property assets (or at least a very long lease on a peppercorn), and Morris waived his debts then you may find someone who will take a continually loss making business on for fuck all.

    If he can afford it the best thing Morris could do would be to gift the ground and training ground to the Derby Supporters Trust with some kind of minimal buy back should the club ever move away or cease to exist.  He could then live out the rest of his time knowing he had done his bit and the fans would be back on side with his legacy.
  • MattF
    MattF Posts: 3,797

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