I think that's correct. It's local businesses that I feel for, because am I not right in saying the club can get a deal whereby they only have to pay back a penny in the pound owed to them?
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Derby charged under FFP rules...
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They've no idea what they will realise for the assets yet, the 25p in the pound is just a target, as if they don't manage this, they get another 15 point deduction.
wow! I didn’t know this. Is there a chance that they will go pop & the club totally folds & has to start again?
It’s unlikely, there’s a few interested parties apparently and it sounds like a couple are fairly serious.
You sound like you know your onions.
How can Derby have several interested parties to take over humongous debts and points deductions yet the best run club in the country can’t even be bought out of a position of self sufficiency?
It’s time the owners themselves started being held liable for what goes on under their stewardship, rather than being able to wash their hands of responsibility and ride off into the sunset whilst the club and all its stakeholders face all the consequences.
Frankly, capital punishment should be reintroduced, and Mel Moron should be facing it if he doesn’t personally cover every penny of debt he’s run up at Derby.
The ****.
It’s time the owners themselves started being held liable for what goes on under their stewardship, rather than being able to wash their hands of responsibility and ride off into the sunset whilst the club and all its stakeholders face all the consequences.
Frankly, capital punishment should be reintroduced, and Mel Moron should be facing it if he doesn’t personally cover every penny of debt he’s run up at Derby.
The ****.
It's estimated that Mel Morris will leave Derby having lost a total of £200m, a third of his total net worth.
Well he ought to be losing a bit more too. He is the one that has engineered this situation with his reckless spending. Administrators should be able to take over his entire estate and cover the losses however they deem fit.
I cannot see any reason why a Football Club should be allowed to be a limited company, letting owners gamble on success and, if they fail, limit their losses.
Which club hasn't been affected by covid? This was going on way before then anyway. Can't see them winning the appeal. You'd hope not anyway
I'd reduce it to ten for having the balls to appeal! But then add on two for the nerve of it.
I'd be inclined to double the fkr for their cheek ! Just who the fk do they think they are !