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Derby in Doo-Doo

Paddysfoxes

Non-Member
Isn't our ground owned separate from the club, in another King Power group, would that affect things if the worst was to happen
 

LGFOX

Roofer
Well we did have Mandaric once.
Who we know was a prize knob but thankfully sold to the Thais. Whenever these football club ownership situations arise I pinch myself as to why OUR club got the Golden ticket.
Take Notts owner. The fat Greek. He’s ‘only’ worth £500m. Peanuts in todays world. His priority is his other club Olympiakos who are far bigger even though they’re in the Greek League. Bet he sells Notts in the next 18 months.
 

buz_not_buzz

Occasional Poster
Yes I think so, we don’t own very much.
And yet the last balance sheet filed with companies house shows that Leicester City Football Club Limited have tangible assets of £187,028,000 including a stadium valued at £41,532,000 & a training facility valued at £112,097,000. Actually as laid out in the accounts the ground is subject to a hire purchase contract with K Power Holdings (the company that bought the ground) with repayment terms contingent on which league we are in but, whatever the ins-and-outs of that, it is there on the club's [limited company] balance sheet, something Derby specifically ensured wasn't the case because they needed to see the cash in their P&L to ensure compliance with Profitability & Sustainability rules (which must feel like a sick joke to them now).
 

buz_not_buzz

Occasional Poster
In relation to DCFC's gamble with the stadium (as opposed to amortisation of player valuations that got them into trouble with the EFL), here it is in black & white. And it was a gamble that they nearly won. Not the only club to do this of course. It makes you wonder about the nature of the restrictions included in the transaction relating to the protection of the club's interests & the impact of them on the current situation.

There's an entertaining section in the same annual accounts lauding the impact of Frank Lampard's appointment (including social media statistics to back it up) & the greater opportunity it provides the club to "increase and further monetise commercial opportunities and assets across a wide range of areas". The sound of straws being grasped.
DCFC.PNG
 

DagenhamFox

Blue Roofer
In relation to DCFC's gamble with the stadium (as opposed to amortisation of player valuations that got them into trouble with the EFL), here it is in black & white. And it was a gamble that they nearly won. Not the only club to do this of course. It makes you wonder about the nature of the restrictions included in the transaction relating to the protection of the club's interests & the impact of them on the current situation.

There's an entertaining section in the same annual accounts lauding the impact of Frank Lampard's appointment (including social media statistics to back it up) & the greater opportunity it provides the club to "increase and further monetise commercial opportunities and assets across a wide range of areas". The sound of straws being grasped.
View attachment 4260
That’s all well and good but it can only be done once and if it fails then the club is in a right pickle.
 

Sohofox

Roofer
Kirchner has failed to comply with the deadline set by Administrators.
They are now talking to other parties.
Welcome to the Sports Direct Stadium!!!!!!
 
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JohnMitten

Non-Member
SSN Rob Dorsett tonight said that Ashley hadn't made a bid because he thought that the fees by Quantuma to exit Admin were excessive.
 

DagenhamFox

Blue Roofer
From the Derby Telegraph website this morning. Time is ticking…

State of play​

After months of uncertainty, Chris Kirchner's planned takeover of Derby County is on a knife-edge.

The Rams remain in administration and a deal for preferred bidder Chris Kirchner to bring the stricken club to safety has yet to be completed.

Kirchner has tried to buy Derby twice, pulling out of a deal to take control of Wayne Rooney's side before Christmas. Supporters know that time is marching on with the League One season set to begin on July 30 and with only five players contracted beyond the end of June there is a pressing need for things to be sorted out.
 

wints

Roofer
SSN Rob Dorsett tonight said that Ashley hadn't made a bid because he thought that the fees by Quantuma to exit Admin were excessive.
I see that there is now an on line petition calling for the administrators to be investigated for their handling of the affair
 
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