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Derby points deduction (1 Viewer)

  • Thread starter Sky Blue Pete
  • Start date Sep 15, 2021
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Brighton Sky Blue

Well-Known Member
  • Jan 20, 2022
  • #561
Grendel said:
So most fans protested when we signed players and were grateful we sold Robbie Keane?
Click to expand...

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
  • Jan 20, 2022
  • #562
Grendel said:
is this the account you are now using ROS?
Click to expand...
Yawn.
 

Frostie

Well-Known Member
  • Jan 20, 2022
  • #563
Grendel said:
You do realise if we’d been a championship club under these rules with Steve Gibson lobbying the same comaint We’d have no football club and the only thing that threatens them is his case?
Click to expand...

Have they agreed a deal over the £29m they owe to HMRC & the £15m to MSD then?
 

Grendel

Well-Known Member
  • Jan 20, 2022
  • #564
Frostie said:
Have they agreed a deal over the £29m they owe to HMRC & the £15m to MSD then?
Click to expand...

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
  • Jan 21, 2022
  • #565
Frostie said:
Have they agreed a deal over the £29m they owe to HMRC & the £15m to MSD then?
Click to expand...

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.
 
Reactions: Grendel

Frostie

Well-Known Member
  • Jan 21, 2022
  • #566
mark82 said:
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.
Click to expand...

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:

 
Reactions: mark82
H

HuckerbyDublinWhelan

Well-Known Member
  • Jan 21, 2022
  • #567
Bid made by a firm called Carlisle Capital - Private investment company…. Bid is without Pride Park.

sounds like a familiar tale
 

Danceswithhorses

Well-Known Member
  • Jan 21, 2022
  • #568
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 !

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
 
Reactions: no_loyalty and Brighton Sky Blue
H

HuckerbyDublinWhelan

Well-Known Member
  • Jan 21, 2022
  • #569
Danceswithhorses said:
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 !

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
Click to expand...
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 owners
 

Terry Gibson's perm

Well-Known Member
  • Jan 21, 2022
  • #570
Good if they have that much cash they can pay hmrc the full amount owed for a start.
 
Reactions: Colin Steins Smile, RegTheDonk and Sky Blue Pete

Danceswithhorses

Well-Known Member
  • Jan 22, 2022
  • #571
HuckerbyDublinWhelan said:
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 owners
Click to expand...
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.
 
Last edited: Jan 22, 2022
Reactions: no_loyalty and slowpoke

Johhny Blue

Well-Known Member
  • Jan 22, 2022
  • #572
Sky Blue Pete said:
And yet we still exist
Click to expand...
Therefore we are
 
Reactions: Sky Blue Pete, Bernie Rhodes Nose and clint van damme
H

HuckerbyDublinWhelan

Well-Known Member
  • Jan 22, 2022
  • #573
Danceswithhorses said:
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...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.
Click to expand...
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
  • Jan 22, 2022
  • #574
HuckerbyDublinWhelan said:
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.
Click to expand...
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.
 
Last edited: Jan 22, 2022
H

HuckerbyDublinWhelan

Well-Known Member
  • Jan 22, 2022
  • #575
Danceswithhorses said:
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 which is buying DCFC ie privately, so Carlisle is just a symbol of how well they have done financially since 1984, as otherwise the company is not involved.
Click to expand...
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
  • Jan 22, 2022
  • #576
HuckerbyDublinWhelan said:
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.
Click to expand...
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
 
Reactions: Mcbean and HuckerbyDublinWhelan

David O'Day

Well-Known Member
  • Jan 22, 2022
  • #577
Danceswithhorses said:
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
Click to expand...
according to keiran maguire 28 million doesn't even clear the football debts and they need to this attracts higher paying bidders
 

Liquid Gold

Well-Known Member
  • Jan 22, 2022
  • #578
Danceswithhorses said:
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
Click to expand...
Infinitely more so than Joy? Where are you getting those figures from?

I think it was the Mirror that suggested Joy was the wealthiest owner in the championship.
 

Liquid Gold

Well-Known Member
  • Jan 22, 2022
  • #579
It was actually 5th but the point still stands

 

Danceswithhorses

Well-Known Member
  • Jan 22, 2022
  • #580
Liquid Gold said:
Infinitely more so than Joy? Where are you getting those figures from?
I think it was the Mirror that suggested Joy was the wealthiest owner in the championship.
Click to expand...
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
  • Jan 22, 2022
  • #581
Danceswithhorses said:
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 .
Click to expand...

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.
 
Reactions: mark82 and HuckerbyDublinWhelan

Liquid Gold

Well-Known Member
  • Jan 22, 2022
  • #582
Danceswithhorses said:
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 .
Click to expand...
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”
 

shepardo01

Well-Known Member
  • Feb 17, 2022
  • #583
How are they going go be allowed to sign players after everything that has gone on!!???
 

Flying Fokker

Well-Known Member
  • Feb 18, 2022
  • #584
They can dream. I know we didn’t sign people for a long time. Plus the wages need to be paid.
 
H

Happy_Martian

Well-Known Member
  • Feb 28, 2022
  • #585
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
 
Reactions: robbiethemole

fernandopartridge

Well-Known Member
  • Feb 28, 2022
  • #586
Happy_Martian said:
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
Click to expand...
Who is funding the day to day running of the club? Are the players being paid in full?
 
K

KenilworthSkyBlue

Well-Known Member
  • Mar 1, 2022
  • #587
fernandopartridge said:
Who is funding the day to day running of the club? Are the players being paid in full?
Click to expand...

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.
 
Last edited: Mar 1, 2022
Reactions: fernandopartridge

slowpoke

Well-Known Member
  • Mar 1, 2022
  • #588
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.
 

MalcSB

Well-Known Member
  • Mar 1, 2022
  • #589
The clock is ticking.
 
H

HuckerbyDublinWhelan

Well-Known Member
  • Mar 1, 2022
  • #590
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
  • Mar 1, 2022
  • #591
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.
 

slowpoke

Well-Known Member
  • Mar 1, 2022
  • #592
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.
 
Reactions: KenilworthSkyBlue

fernandopartridge

Well-Known Member
  • Mar 1, 2022
  • #593
KenilworthSkyBlue said:
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.
Click to expand...

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
  • Mar 1, 2022
  • #594
slowpoke said:
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.
Click to expand...

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
  • Mar 1, 2022
  • #595
Johhny Blue said:
Therefore we are
Click to expand...

Can't beat old Des Carter
 
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