Bit of Derby info ive been told

Norman_Conquest said:
Poor Mel will knock it down and build property on it. He certainly won't lose out.
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Your words set me thinking, whilst Bucks Fizz were on the radio, and I came up with this ditty to their famous song (yes I was bored) 🤣

You gotta build it up
But then you gotta knock it down
'Cause you believed that the club could hit the top
When you got to buy the ground
But soon you found that there comes a time
For winding the club up
You had to lie head on
And then you had to style it out
You had to be sure that it's something
Everybody's gonna tallk about
Before you decide that the time's arrived
For winding the club up
Don't let your indecision
Take you from behind
Trust your crazy vision
Don't let quantuma change your mind
And now you really gotta sell it up
Become another fly by night
Gotta run with your money
And take a chance that it'll turn out right
But when you can see how it's gotta be
You're winding the club up
And try to look as if you don't care less
But if you wanna fool some more
Bending the rules of the game
Will let you find the cash you're looking for
And then you can show that you have to go
As You're winding your club up
Don't let your indecision
Take you from behind
Trust your crazy vision
Don't let quantuma change your mind
And now you really gotta cash it in
Or you gotta knock it down
'Cause you believed that the club could hit the top
when you got to move cash around
But soon you did find that there comes a time
For winding the club up
And now you really gotta sell it off
Or else you gotta knock it down
'Cause you were wrong to think you could hit the top
when you bought your ground
But soon you will find that now is the time
For winding the club up
For winding the club up
For winding the club up
For winding the club up

Apologies to all that read it, my straight jacket is being put back on now!
 
https://twitter.com/x/status/1509154271140499465
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www.dailymail.co.uk

Frustrated Derby buyers claim cost of Pride Park pushed deal over £50M

interested parties have told Sportsmail that doing a deal for the ground is a major sticking point in any arrangement to take over the stricken Rams, and for some it forced them to walk away.
www.dailymail.co.uk www.dailymail.co.uk

REVEALED: Derby County's frustrated potential buyers have been told Mel Morris wants £22M for Pride Park - and claim the total deal would now be over £50m, a huge £20m above their valuation​

  • Administrators Quantuma are considering latest bids for Derby this week
  • Interested parties told Sportsmail they couldn't meet price asked for Pride Park
  • Derby County have been in administration for six months and so far administrators have been unable to identify a preferred bidder to proceed
  • Stadium is owned separately by the club's former chairman, Mel Morris
  • Sources close to Morris insist the stadium is available for a cut-down price
By Charlie Walker For Mailonline

Published: 09:22, 30 March 2022 | Updated: 09:22, 30 March 2022

Potential buyers for Derby County have been put off by the price of the Pride Park stadium, which takes the total bill for the club to more than £50 million, Sportsmail can reveal.

A number of interested parties have said doing a deal for the ground is a major sticking point in any arrangement to take over the stricken Rams, and for some it forced them to walk away.

Derby has been in administration for six months with the announcement of a preferred bidder, who could proceed to buy the club, constantly delayed.
Former Derby County owner Mel Morris took over at Pride Park in 2015 aiming for the top flight


Former Derby County owner Mel Morris took over at Pride Park in 2015 aiming for the top flight
The EFL are expected to meet with administrators Quantuma this week to discuss progress


The EFL are expected to meet with administrators Quantuma this week to discuss progress
Fans are now waiting anxiously again after the administrators, Quantuma, said they expected to reveal the potential buyer this week.

But those parties who have spent months trying to reach a deal claim it hinges on Pride Park.

‘The problem is the stadium, it always has been the stadium,’ said one party, who like others, believes that it is the main reason for the protracted negotiations.

The administrators, Quantuma, set a deadline of last Friday for bids and said they would consider them over the weekend in order to announce a preferred bidder this week. However, on Tuesday Sun journalist Alan Nixon said on Twitter they have still been unable to select one.

A 15-point deduction would make Wayne Rooney's job more difficult if Derby get relegated



A 15-point deduction would make Wayne Rooney's job more difficult if Derby get relegated
Derby ran into financial difficulty under the ownership of Mel Morris. The life-long Derby fan invested more than £200M of his own money into the club in the hope of reaching the Premier League, but that never happened.

During his tenure Derby ran up huge debts and also sold its stadium to a company owned by Morris – which then leased it back to the club.

Any buyer has to pay off the club’s creditors, which interested parties agree can be done for around £30 million in accordance with EFL insolvency rules, and the stadium would have to be purchased separately from Morris, who has asked for £22M.

The entrepreneur has a loan for more than £20M secured against the stadium

There've been fears that Derby, a founder member of the Football League, could be liquidated

There've been fears that Derby, a founder member of the Football League

Sources close to Morris insist Pride Park is available at a knock-down price, since it has been valued at more than £80M and is widely considered to be of Premier League standard. They are also adamant that the purchase of the stadium is not the impediment to a successful sale of Derby.

People close to Morris suggest complaints over the cost of Pride Park are driven by potential buyers’ game-playing and trying to obtain an attractive club at a cut price.

And they say they have offered to lease Pride Park to any buyer of the club, if they do not have the money to complete a purchase of the ground.

But the would-be buyers spoken to by Sportsmail don’t want to lease it. If they are in for tens of millions of pounds to buy the club, they also want to own the ground. And they claim they just couldn’t make the numbers work, unless Morris dropped his price.

Derby County face the prospect being deducted a minimum of 15 points next season

Derby County face the prospect being deducted a minimum of 15 points next season

A cost of £50M for Derby may have been steep last year, say interested parties, but to make matters worse, the club’s value has fallen steadily with the increasing prospect of relegation to League One and the sale of players in January.

This summer there may only be a handful of senior players under contract to the Rams, since those whose deals expire can look elsewhere from May 21 and the club has not yet been able to resign them due to a transfer embargo and ongoing administration.

‘At the end of the day they are asking £50M and it is not what it is worth,’ said another party, who believes Morris does not want to lose money in the deal given the loans secured against the ground.

‘If you had to pay £30M for Derby in League One with the ground, people would do it, but at £50M people would not do it,’ they added. ‘This anchor of £22M for the stadium is not allowing this to move.’

For comparison, League One Sunderland’s value was recently put at £30M and Hull is believed to have changed hands for £20-£25M, according to football finance expert Kieran Maguire.

Rooney's battling side are eight points from safety at the bottom of the Championship


Rooney's battling side are eight points from safety at the bottom of the Championship
It remains to be seen if the current bidders, whose submissions are now under consideration by Quantuma, have managed to square the financial circle to the satisfaction of the EFL, administrators, Morris and their own interests.

One option is for a buyer to pay football creditors (other clubs) in full, which they have to do to retain the club’s licence to play in the EFL, and pay HMRC at a preferential rate as required by law, but refuse to pay other creditors 25 pence in the pound.

This would reduce the cost of the purchase, but it would also breach the EFL insolvency rules and result in a further 15-point deduction next season, which raises the possibility of further relegation to League Two.

If no deal is done, the club still faces the prospect of liquidation.

Previously, in the long-running saga, compensation claims by Wycombe and Middlesbrough were seen as a major impediment to doing a deal for Derby. Morris resolved the latter with Boro chairman, Steve Gibson, which was potentially the most significant.
 
Mel just wants to cover his outlay, highlighting his clear fiddle. He has a choice, hatred or peace. I suspect the ground will be sold far cheaper come the day.
 
Norman_Conquest said:
Why would you buy Derby for £50m when you could make an offer to buy Sunderland for the same price, the SAFC owners would make a profit, you have a club with a larger fan base than Derby, a full squad of players capable of getting promotion and a proven championship manager.

In some way, I am glad the stadium is the sticking point and coming back to haunt them.
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Anyone buying a football club must be doing so out of love for the club rather than from a business point of view. Its a guaranteed way to lose money. You would have to have deep affiliation with derby county to even consider buying that club at the moment or probably ever.

The point you make is valid though, sunderland are possibly the biggest underachievers around now and therefore would probably be a decent buy if their current owners want out
 
A definite clear shift on twitter over the last two days. The hatred is now aimed at Mel Morris and how they should hammer him vocally on Saturday. Its about f*cking time.

It's only taken 18 months. I've been stunned how they have been blaming everyone but Morris.

They seem to have forgotten about Gibson now😂
 
uncle_rico said:
Seems like the penny has finally dropped for many Derby fans. If only they had opened their eyes a few months ago instead of blaming Steve Gibson.
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I'm still yet to see any admit Gibson was right. There are people still arguing that Derby would already be under new ownership but for Gibson.

The fact is even if there was someone in December wanting to buy the club, Mel refused to discuss Gibsons grievance with him. It was Mel that blocked that. Proven by the fact that when Mel finally surfaced from his 3 month jaunt out of the country after putting Derby in admin, an agreement was reached in about 2 days to remove MFC as a stumbling block. Reality is that there wasn't someone ready to take over when our debt wasn't settled, it's fantasy.

If Gibson had got his way 3 years ago, Derby would not have broken FFP, would not have built up the levels of debt they have, would not have sold their stadium. Worst case is that they would have had to sell players they couldn't afford like Lawrence, and maybe been relegated. But, they would be a viable proposition for a buyer, having maybe 75m of debt instead of 150, and having ownership of a ground, and a number of players under contract. And of course they wouldn't have transfer and points sanctions hanging over them

Derby fans can't accept this for some reason, and still want to add Gibson into 'part of the problem', 'has blood on his hands', 'has to shoulder some blame'. He doesn't, DERBY FANS should shoulder blame for demonising a man that pointed out they were going down a dangerous path and trying to stop them doing it.
 
coluka said:
Your words set me thinking, whilst Bucks Fizz were on the radio, and I came up with this ditty to their famous song (yes I was bored) 🤣

You gotta build it up
But then you gotta knock it down
'Cause you believed that the club could hit the top
When you got to buy the ground
But soon you found that there comes a time
For winding the club up
You had to lie head on
And then you had to style it out
You had to be sure that it's something
Everybody's gonna tallk about
Before you decide that the time's arrived
For winding the club up
Don't let your indecision
Take you from behind
Trust your crazy vision
Don't let quantuma change your mind
And now you really gotta sell it up
Become another fly by night
Gotta run with your money
And take a chance that it'll turn out right
But when you can see how it's gotta be
You're winding the club up
And try to look as if you don't care less
But if you wanna fool some more
Bending the rules of the game
Will let you find the cash you're looking for
And then you can show that you have to go
As You're winding your club up
Don't let your indecision
Take you from behind
Trust your crazy vision
Don't let quantuma change your mind
And now you really gotta cash it in
Or you gotta knock it down
'Cause you believed that the club could hit the top
when you got to move cash around
But soon you did find that there comes a time
For winding the club up
And now you really gotta sell it off
Or else you gotta knock it down
'Cause you were wrong to think you could hit the top
when you bought your ground
But soon you will find that now is the time
For winding the club up
For winding the club up
For winding the club up
For winding the club up

Apologies to all that read it, my straight jacket is being put back on now!
Click to expand...
Excellent. But I worry about the stations you listen to!
 
BoroMart said:
I'm still yet to see any admit Gibson was right. There are people still arguing that Derby would already be under new ownership but for Gibson.

The fact is even if there was someone in December wanting to buy the club, Mel refused to discuss Gibsons grievance with him. It was Mel that blocked that. Proven by the fact that when Mel finally surfaced from his 3 month jaunt out of the country after putting Derby in admin, an agreement was reached in about 2 days to remove MFC as a stumbling block. Reality is that there wasn't someone ready to take over when our debt wasn't settled, it's fantasy.

If Gibson had got his way 3 years ago, Derby would not have broken FFP, would not have built up the levels of debt they have, would not have sold their stadium. Worst case is that they would have had to sell players they couldn't afford like Lawrence, and maybe been relegated. But, they would be a viable proposition for a buyer, having maybe 75m of debt instead of 150, and having ownership of a ground, and a number of players under contract. And of course they wouldn't have transfer and points sanctions hanging over them

Derby fans can't accept this for some reason, and still want to add Gibson into 'part of the problem', 'has blood on his hands', 'has to shoulder some blame'. He doesn't, DERBY FANS should shoulder blame for demonising a man that pointed out they were going down a dangerous path and trying to stop them doing it.
Click to expand...
Exactly this 👍
 
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