Agreement reached between Derby & Boro

Subbuteo_171 said:
Are you joking?

It was sold for £81m, he cannot give it back. They can buy it back for £81m plus annual rate of interest for the period since it was sold. Or are you happy for them to be £81m better off, plus the £22.5m they won’t be paying HMRC?
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It's not worth £81m, it's an asset he has gained whilst leaving the club in the lurch with creditors owed money. If it's taken off him and put back into Derby County's hands he doesn't profit from it. Why should he get to walk away with an asset with millions owed to all and sundry. All debts should be paid off.
 
parmoboy said:
In a way I'm a bit disappointed.

Had the makings of being a local derby style atmosphere tomorrow, and we haven't had one of them in years :LOL:

Jokes aside though, does this mean they've come to a settlement or just agreed on how they're going to fight it out?
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There will still be an atmosphere, far too many people fired up all ready.
 
I'm pleased it has been sorted and I think Gibson ultimately comes out well on this.

I'm disappointed it was sorted before the match though, as I was looking forward to a spicy encounter and a rollicking atmsophere.
 
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newyddion said:
It's not worth £81m, it's an asset he has gained whilst leaving the club in the lurch with creditors owed money. If it's taken off him and put back into Derby County's hands he doesn't profit from it. Why should he get to walk away with an asset with millions owed to all and sundry. All debts should be paid off.
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How will the ground be taken off him?

Again, I'm not an accountant/administrator but one assumes when the stadium was valued then transferred from DCFC to Mel Morris, a sum of money went the other way to enable DCFC to pass FFP, and that MM's a creditor as DCFC have stopped paying the rent.

re: it not being worth £81m
Brentford's 20k seater cost £71m to build. Is £81m outrageous for a 30k seater?
 
newusername said:
How will the ground be taken off him?

Again, I'm not an accountant/administrator but one assumes when the stadium was valued then transferred from DCFC to Mel Morris, a sum of money went the other way to enable DCFC to pass FFP, and that MM's a creditor as DCFC have stopped paying the rent.

re: it not being worth £81m
Brentford's 20k seater cost £71m to build. Is £81m outrageous for a 30k seater?
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One is an a relatively affluent area of london, one is on an industrial estate in derby (a sh1thole of the highest order) far more to consider than the bricks and mortar cost. Derby also argued the 81 mil valuation was using potential for gigs, expansion and adding a roof, nonsensical!
 
newusername said:
How will the ground be taken off him?

Again, I'm not an accountant/administrator but one assumes when the stadium was valued then transferred from DCFC to Mel Morris, a sum of money went the other way to enable DCFC to pass FFP, and that MM's a creditor as DCFC have stopped paying the rent.

re: it not being worth £81m
Brentford's 20k seater cost £71m to build. Is £81m outrageous for a 30k seater?
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I'm not sure, I would hope there would be legal instruments available to DCFC and possibly the administrators to allow them to do this.


Pride Park Stadium

Cost £28m (1997)
Valued at £41m (2017)
Sold for £81.1m (2018)
Independently Valued at £22.7m (fair market value)
 
newyddion said:
There will still be an atmosphere, far too many people fired up all ready.
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A lot of them are praising Gibson on their board so I don't think there will be to be honest.

Think it will still be a decent atmosphere but it won't be spicy.
 
Subbuteo_171 said:
What he does with it, or any profit is irrelevant. If Derby had sold to AN Other entirely unconnected with the ownership should they be expected to give it back for free?

The question is - Why should the club be allowed to profit to the value of £81m plus?

It doesn’t belong to the club, it was sold by them for that value. They cannot be allowed to get this back for any value less than the price paid to them for it. That was the choice made.
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It wasn't sold to someone entirely unconnected, it was old to someone who ran the club in such a way, made decisions allowing huge debts to build up.

Why should creditors go unpaid and Mel Morris holds on to a multimillion pound asset? Mel Morris is at fault and he made dishonest decisions in the hope of a massive financial gain.
 
Subbuteo_171 said:
Yes it is worth £81m. I suggest you look at the EFL decision on this:


What he does with it, or any profit is irrelevant. If Derby had sold to AN Other entirely unconnected with the ownership should they be expected to give it back for free?

The question is - Why should the club be allowed to profit to the value of £81m plus?

It doesn’t belong to the club, it was sold by them for that value. They cannot be allowed to get this back for any value less than the price paid to them for it. That was the choice made.
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And the EFL agreeing that it was valued at £81 million using the dubious method outlined by the stadium valuation company was one of the reasons gibbo started with his course of action
 
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