r00fie1
Well-known member
At last!
A sensible comment on the Derby Drivel telegraph Rams football page - from a "fan":
beaufort1
25 min ago
The £80 million valuation was based on the number of seats and the rebuild cost of a similar stadium.
It was always a convenient device for Morris to try and cover grossly excessive fair play losses and no one in his right mind would have ever paid that amount for it.
He created the losses and he was forced to effectively sell the stadium to himself to cover up his own incompetence.
If the club ceases to exist he is left with a lump of metal and concrete worth only the ground that it stands on.
He had to borrow money to keep the club solvent because he had let spending spiral out if control so why should supporters or potential buyers have the slightest bit of sympathy for him?
He was the architect of his own downfall, paying far too much for average players and changing managers at a whim.
The stadium is worth what people are prepared to pay and it’s clear that figure is around £20 million, no one expects him to give it away for nothing.
In addition if people like Ashley want to pay the creditors immediately the EFL requirement drops to 20%, not the 35% that the American fantasist wanted to pay in instalments.
[https://www.derbytelegraph.co.uk/sp...y-takeover-mike-ashley-7218460?int_source=nba]
A sensible comment on the Derby Drivel telegraph Rams football page - from a "fan":
beaufort1
25 min ago
The £80 million valuation was based on the number of seats and the rebuild cost of a similar stadium.
It was always a convenient device for Morris to try and cover grossly excessive fair play losses and no one in his right mind would have ever paid that amount for it.
He created the losses and he was forced to effectively sell the stadium to himself to cover up his own incompetence.
If the club ceases to exist he is left with a lump of metal and concrete worth only the ground that it stands on.
He had to borrow money to keep the club solvent because he had let spending spiral out if control so why should supporters or potential buyers have the slightest bit of sympathy for him?
He was the architect of his own downfall, paying far too much for average players and changing managers at a whim.
The stadium is worth what people are prepared to pay and it’s clear that figure is around £20 million, no one expects him to give it away for nothing.
In addition if people like Ashley want to pay the creditors immediately the EFL requirement drops to 20%, not the 35% that the American fantasist wanted to pay in instalments.
[https://www.derbytelegraph.co.uk/sp...y-takeover-mike-ashley-7218460?int_source=nba]