by NathStPaul » 06 Oct 2021 09:12
by Snowflake Royal » 06 Oct 2021 09:13
by Nameless » 06 Oct 2021 09:33
Snowflake Royal Yeah you’ve made it very clear you don't care about the debt and think it isn't a problem.
by WestYorksRoyal » 06 Oct 2021 10:11
Snowflake RoyalNamelessSnowflake Royal Except to the owners... and it's larger.
It’s any irrelevancy.
Debt to HMRC, to your players, to other football clubs kills you.
Owing money to yourself is extremely unlikely to close you down. If the owners decided to cut ties the amount of money they owed themselves woukdn’t really matter.
Of course it would. They'd want it back.
It either hykes the price or becomes debt to an outside creditor.
Even SJM tried to recover some of the money he'd pumped in on selling.
by Stranded » 06 Oct 2021 10:25
Snowflake RoyalStrandedSnowflake Royal Of course it would. They'd want it back.
It either hykes the price or becomes debt to an outside creditor.
Even SJM tried to recover some of the money he'd pumped in on selling.
Haven't the owners turned a lot of the debt into shares? In which case it becomes a straight negotiation between buyer and seller i.e. a controlling majority will cost you X per share.
When you are in debt to external companies it becomes much more tricky as there are multiple parties who would need to be as happy as possible with the funds they are getting esp. if the club has gone into admin.
So did Madejski, which pushed the price up.
by WestYorksRoyal » 06 Oct 2021 10:35
StrandedSnowflake RoyalStranded
Haven't the owners turned a lot of the debt into shares? In which case it becomes a straight negotiation between buyer and seller i.e. a controlling majority will cost you X per share.
When you are in debt to external companies it becomes much more tricky as there are multiple parties who would need to be as happy as possible with the funds they are getting esp. if the club has gone into admin.
So did Madejski, which pushed the price up.
So as I said, the price becomes a negotiation point between the buyer and seller as there is apparanently little to no outside debt. So a very different situation to Derby. My only real concern at the moment is the fact that the club don't own the stadium but Leeds were also in that situation once upon a time and now own it again.
by muirinho » 06 Oct 2021 11:31
WestYorksRoyalStrandedSnowflake Royal So did Madejski, which pushed the price up.
So as I said, the price becomes a negotiation point between the buyer and seller as there is apparanently little to no outside debt. So a very different situation to Derby. My only real concern at the moment is the fact that the club don't own the stadium but Leeds were also in that situation once upon a time and now own it again.
Hate to get into "big club" debates, but if we ever get into a real mess like Leeds we don't have the name, fanbase and history to attract international buyers like them. Same as Sunderland now being owned by a US billionaire.
SJM was a local man who saw opportunity in putting his local area on the map and boosting his profile. Maybe the SCL guys who are season ticket holders could keep us afloat in a crisis, but I'd really rather not find out.
by WestYorksRoyal » 06 Oct 2021 11:38
muirinhoWestYorksRoyalStranded
So as I said, the price becomes a negotiation point between the buyer and seller as there is apparanently little to no outside debt. So a very different situation to Derby. My only real concern at the moment is the fact that the club don't own the stadium but Leeds were also in that situation once upon a time and now own it again.
Hate to get into "big club" debates, but if we ever get into a real mess like Leeds we don't have the name, fanbase and history to attract international buyers like them. Same as Sunderland now being owned by a US billionaire.
SJM was a local man who saw opportunity in putting his local area on the map and boosting his profile. Maybe the SCL guys who are season ticket holders could keep us afloat in a crisis, but I'd really rather not find out.
The only scenario where we are not completely relying on the owners is if the club goes bust, and re-forms at the bottom of the pyramid, and claws its way back again. In that case, the likelihood of ever having a club that gets out of the Conference, is slim to none.
That is the reality of football outside the top half of the Premier League.
by tidus_mi2 » 06 Oct 2021 11:41
by muirinho » 06 Oct 2021 12:16
tidus_mi2 Agree, while I'm not particularly interested in talking about a phoenix club situation, I can't see how we wouldn't recover to League Two level at the absolute minimum, I would expect to reach League One but that could be a big roadblock as the likes of Sunderland, Portsmouth, Ipswich and Charlton have found out.
by muirinho » 06 Oct 2021 12:16
by CountryRoyal » 06 Oct 2021 12:38
by Stranded » 06 Oct 2021 13:07
WestYorksRoyalStrandedSnowflake Royal So did Madejski, which pushed the price up.
So as I said, the price becomes a negotiation point between the buyer and seller as there is apparanently little to no outside debt. So a very different situation to Derby. My only real concern at the moment is the fact that the club don't own the stadium but Leeds were also in that situation once upon a time and now own it again.
Hate to get into "big club" debates, but if we ever get into a real mess like Leeds we don't have the name, fanbase and history to attract international buyers like them. Same as Sunderland now being owned by a US billionaire.
SJM was a local man who saw opportunity in putting his local area on the map and boosting his profile. Maybe the SCL guys who are season ticket holders could keep us afloat in a crisis, but I'd really rather not find out.
by Coppells Lost Coat » 06 Oct 2021 13:24
by muirinho » 06 Oct 2021 15:45
CountryRoyal You could just delete it.
by genome » 06 Oct 2021 15:53
CountryRoyal You could just delete it.
by CountryRoyal » 06 Oct 2021 16:06
genomeCountryRoyal You could just delete it.
You can only delete posts up until someone replies, after that you can only edit them
So you've stitched muirinho up there
by Mr Angry » 06 Oct 2021 17:43
by Nameless » 06 Oct 2021 17:49
Mr Angry Revealed today that Derby owe £15M to a US Investment fund called MSD Holdings; the fund have announced that they hold collateral worth more than the principle and interest.
In other words, they have a call on the only tangible asset Derby have - Pride Park.
Any new owners will have to pay that debt off or else risk the US firm demanding that they sell the ground in order to pay them back.
What a mess!
by Stranded » 06 Oct 2021 18:34
Mr Angry Revealed today that Derby owe £15M to a US Investment fund called MSD Holdings; the fund have announced that they hold collateral worth more than the principle and interest.
In other words, they have a call on the only tangible asset Derby have - Pride Park.
Any new owners will have to pay that debt off or else risk the US firm demanding that they sell the ground in order to pay them back.
What a mess!
Users browsing this forum: Google [Bot] and 288 guests