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?
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.
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.
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.
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
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In a statement, they said: “We have withdrawn our note of interest in Derby FC with immediate effect.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.
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.
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.
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.
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 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.
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.
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….
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.
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.
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.
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’ 😳
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
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.
Comments
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?
It's not what Ashley "achieved" supporters of 82 of the 92 would take that, its the "how" he did it.
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.
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
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
Sweet FA
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.
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.