Brighton Sky Blue
Well-Known Member
I was 10 at the time, I don't know. Would the chairman saying 'it's time to take a punt' not have some people, if not just a minority, having concerns?
Derby points deduction (8 Viewers)
- Thread starter Sky Blue Pete
- Start date
I was 10 at the time, I don't know. Would the chairman saying 'it's time to take a punt' not have some people, if not just a minority, having concerns?
JAM See
Well-Known Member
Yawn.
Frostie
Well-Known Member
Have they agreed a deal over the £29m they owe to HMRC & the £15m to MSD then?
Grendel
Well-Known Member
I would suggest the potential new owners will have found that bridge easy to cross if the suggestion regarding stadium buy back is true
mark82
Super Moderator
Quite a different proposition to be fair. Will pay a percentage of a known amount. If a legal case was successful after takeover would need to be paid in full by new owner, you then have the cost of fighting a legal challenge too. It just adds another huge layer of risk to an already risky proposition.
Frostie
Well-Known Member
Don't disagree but don't think it's as cut & dry as Middlesbrough drop their case & it's all sorted.
Mel Morris still heavily involved & shows the danger of separating a club from its stadium:
HuckerbyDublinWhelan
Well-Known Member
Bid made by a firm called Carlisle Capital - Private investment company…. Bid is without Pride Park.
sounds like a familiar tale
sounds like a familiar tale
Danceswithhorses
Well-Known Member
Just as i suspected...looks like Derby have been rescued again...those lucky bastards.
The new owners are wealthy...the Binnie family who founded Carlisle Capital (worth $12.49b @ 07/01/22)
Another example of us drawing a fucking short straw with new owners, when other teams somehow manage to find a super wealthy owner...even with the state Derby were/are in !
The new owners are wealthy...the Binnie family who founded Carlisle Capital (worth $12.49b @ 07/01/22)
Another example of us drawing a fucking short straw with new owners, when other teams somehow manage to find a super wealthy owner...even with the state Derby were/are in !
Derby County: US-based Binnie family submit takeover offer for Championship club
The Binnie family, founders of US investment firm Carlisle Capital, submit a takeover offer for Derby County.
www.bbc.co.uk
HuckerbyDublinWhelan
Well-Known Member
I mentioned this earlier, Carlisle Capital are very much like SISU… buying the club without Pride Park. If they weren’t close to liquidation I’d be wary of Those ownersJust as i suspected...looks like Derby have been rescued again...those lucky bastards.
The new owners are wealthy...the Binnie family who founded Carlisle Capital (worth $12.49b @ 07/01/22)
Another example of us drawing a fucking short straw with new owners, when other teams somehow manage to find a super wealthy owner...even with the state Derby were/are in !
Derby County: US-based Binnie family submit takeover offer for Championship club
The Binnie family, founders of US investment firm Carlisle Capital, submit a takeover offer for Derby County.www.bbc.co.uk
Terry Gibson's perm
Well-Known Member
Good if they have that much cash they can pay hmrc the full amount owed for a start.
Danceswithhorses
Well-Known Member
The Binnies/Carlisle Capital are in a totally different different league to Sisu...Carlisle Capital's net worth is $12.49 BILLION
Sisu are not even 'tin pot' when compared to the Binnies/Carlisle Capital's wealth.
This is pocket money for the Binnies.
I suspect they will probably pay off the expensive debt and bring the debts 'in house' (interest free probably), buy back the stadium and fund the club to promotion back to the Championship next season.
Derby have a modern and decently sized stadium and a big following, so they are an attractive proposition (long term...when Mel's damage is repaired).
Compare that to what we got lumbered with...owners who put morons in charge of the club for years (boardroom and pitch side)...who charge us credit card interest rates...have all the appeal of leprosy, and have little or no interest in CCFC's financial wellbeing, because their clients are their 1st priority...we only exist to create income for their clients.
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Johhny Blue
Well-Known Member
Therefore we are
HuckerbyDublinWhelan
Well-Known Member
Aren’t one of SISU’s major investors a pension fund - one of the biggest in the States? Just because their net worth is 12 billion doesn’t mean it’s available for use.
they’re an investment firm that specialise in turning debt ridden companies around (sound familiar) they probably will take the debt in house - but like most American owners it won’t be for the love of the game or free. This notion that they’re going in with their clients not first priority is baseless.
Danceswithhorses
Well-Known Member
Sisu and Carlisle work in very different sectors of the investment business.
Sisu deal at the arse end...a vulture buying distressed companies eg Coventry City, and normally a short term owner who is in it for a quick profit.
Carlisle's business is in the buying, managing and owning of assets and they are long term investors.
That said, from all available sources, it is the Binnie family themselves who are buying DCFC, so comparing Carlisle and Sisu is moot.
We will still be run by vultures with dubious financial 'expertise', and they will be owned by the 2 Binnie brother, who will build value and run DCFC well with their excellent management skills.
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HuckerbyDublinWhelan
Well-Known Member
So then the 12.49 billion is a red herring, that’s the net worth of Carlisle capital not the Binnie brothers.
as I’ve said I’m sceptical of any motives from investment companies from North America.. buying a club with no stadium is a recipe for disaster as we know.
Danceswithhorses
Well-Known Member
I said 'Carlisle Capital's net worth is $12.49 BILLION', purely as a measure of how successful they've been in business. Nowhere did i say the Binnie brothers were worth that.
The company though, will have made the 2 Binnie brothers extremely wealthy...infinitely more so than Joy.
Their skills are in management of businesses for the long term, and not like Joy, whose tactic is suing the arse off everyone and 'battering' them in court (allegedly).
Let's just say, we disagree on this one, shake hands, and walk way
David O'Day
Well-Known Member
according to keiran maguire 28 million doesn't even clear the football debts and they need to this attracts higher paying biddersI said 'Carlisle Capital's net worth is $12.49 BILLION', purely as a measure of how successful they've been in business. Nowhere did i say the Binnie brothers were worth that.
The company though, will have made the 2 Binnie brothers extremely wealthy...infinitely more so than Joy.
Their skills are in management of businesses for the long term, and not like Joy, whose tactic is suing the arse off everyone and 'battering' them in court (allegedly).
Let's just say, we disagree on this one, shake hands, and walk way
Liquid Gold
Well-Known Member
Infinitely more so than Joy? Where are you getting those figures from?I said 'Carlisle Capital's net worth is $12.49 BILLION', purely as a measure of how successful they've been in business. Nowhere did i say the Binnie brothers were worth that.
The company though, will have made the 2 Binnie brothers extremely wealthy...infinitely more so than Joy.
Their skills are in management of businesses for the long term, and not like Joy, whose tactic is suing the arse off everyone and 'battering' them in court (allegedly).
Let's just say, we disagree on this one, shake hands, and walk way
I think it was the Mirror that suggested Joy was the wealthiest owner in the championship.
Liquid Gold
Well-Known Member
It was actually 5th but the point still stands
Danceswithhorses
Well-Known Member
Ahh...The Mirror...the pinnacle of investigative journalism.
I seem to remember at the time, that alot of people disputed that £2.3bn figure as
.
Grendel
Well-Known Member
Ahh...The Mirror...the pinnacle of investigative journalism.
I seem to remember at the time, that alot of people disputed that £2.3bn figure as
It’s the value of the funds - I’m sure it was £6 billion at one point but it’s not really relevant
When you said they are into long term business strategies you literally quoted from their website
A large proportion of the operation is distress management. I would guess they are trying to agree a purchase arrangement which included only a limited payment to main creditors - that in itself will get a points penalty again - these are hard nosed business people with funds and they will calculate a breach of CVA and intimate relegation is worth it as they will model an assumption on instant promotion and then see a profit opportunity from a fairly quick sale.
Liquid Gold
Well-Known Member
I just ran this through Google translate and it came back as “this doesn’t align with what I’ve already decided so I’m going to disregard it”Ahh...The Mirror...the pinnacle of investigative journalism.
I seem to remember at the time, that alot of people disputed that £2.3bn figure as
shepardo01
Well-Known Member
How are they going go be allowed to sign players after everything that has gone on!!???
Flying Fokker
Well-Known Member
They can dream. I know we didn’t sign people for a long time. Plus the wages need to be paid.
Happy_Martian
Well-Known Member
Looks like Derby are in real trouble now. No news on their finances and the EFL are stamping their feet
Derby County: EFL awaits 'urgent' funding update as deadline looms
Derby County's administrators are asked for an "urgent" update by the EFL, with a deadline to show proof of funding looming.
www.bbc.co.uk
fernandopartridge
Well-Known Member
Who is funding the day to day running of the club? Are the players being paid in full?Looks like Derby are in real trouble now. No news on their finances and the EFL are stamping their feet
Derby County: EFL awaits 'urgent' funding update as deadline looms
Derby County's administrators are asked for an "urgent" update by the EFL, with a deadline to show proof of funding looming.www.bbc.co.uk
KenilworthSkyBlue
Well-Known Member
I believe they're relying on loans from MSD Holdings to keep them afloat. They only have a few weeks of money left though so unsure what the plan is after that.
More loans? If they're struggling to attract a buyer that's only going to put them off even further if there's high interest attached, but if they don't take them they go under. They're very much in double-edged sword territory.
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SkyblueDad
Well-Known Member
Nightmare for Derby fans to me it looks grim, patience seems to be running out, don’t even know now who is a real interested party or not anymore.
HuckerbyDublinWhelan
Well-Known Member
The EFL will allow them to nurse through until the end of the season, no point kicking them out with 13 games to go
Colin Steins Smile
Well-Known Member
I've heard that the highest bidder is Mike Ashley, who's only offering 15p in the £1 to non protected creditors. The EFL want a minimum of 25p in the £1.
The other bidders for the club do not offer enough money.
A 15 point deduction for next season beckons.
The other bidders for the club do not offer enough money.
A 15 point deduction for next season beckons.
SkyblueDad
Well-Known Member
Well like him or loathe him he’s an astute businessman and will be looking long term -15 points whatever division Derby are in won’t bother him.
fernandopartridge
Well-Known Member
MSD have got a charge against the ground and training ground I think, it's difficult to see how any sane buyer would want to take it on. That said, they're a well supported team with good potential (albeit no more so than Forest).
fernandopartridge
Well-Known Member
He also owned a club whose near neighbours were relegated to L1 whilst still in receipt of parachute payments..... yet a few years later
Sky Blue Harry H
Well-Known Member
Can't beat old Des Carter