Derby County going in to admin

Quoted from RonMariner

Crazy isn’t it. But then Mel Morris is a multi millionaire. He claims to have lost £200 million on the club. I think some of the players are on silly money too.

It's not like he's splashing that £4.7m on an established manager either!

It's an absolute mess but there aren't any assets to strip for a new owner. Any lunatic who does take it on is probably just kicking the can down the road and delaying the inevitable.

Derby will go down of course, hope it doesnt keep Burnsys Love boys across the river up

Quoted from jamesgtfc

It's not like he's splashing that £4.7m on an established manager either!

It's an absolute mess but there aren't any assets to strip for a new owner. Any lunatic who does take it on is probably just kicking the can down the road and delaying the inevitable.

I bet he paid Lampard a similar amount too.

Quoted from ginnywings

Are you saying you queued all night for trainers?

The world's gone mad.  

For some time I’ve thought that Aldi was the sanest one on this forum, but not anymore after that confession about the trainers!! Never heard of anyone doing that before. It’s not like queuing for the last Harry Potter book or a much anticipated LP in the old days, I sort of understood those, but trainers?! What if they didn’t have your size?!! I’d go postal on them if that happened.

Quoted from Heisenberg

For some time I’ve thought that Aldi was the sanest one on this forum, but not anymore after that confession about the trainers!! Never heard of anyone doing that before. It’s not like queuing for the last Harry Potter book or a much anticipated LP in the old days, I sort of understood those, but trainers?! What if they didn’t have your size?!! I’d go postal on them if that happened.

I often see queues snaking outside of trainer shops in Manchester before work. They even stick bouncers on the door sometimes and have one in/one out systems. I'm told by a younger fella I work with that a lot of them are limited editions which will be sold on for profit. It's a different time.

isn't about time someone should start looking into this.  

For me It all starts from the Premier League (100M) compared to the money in the Championship (10M).  The Premier League are never going to part with their money and the way they went about setting up the Prem was similar to the Super League but that was accepted (as it also involved the other Leagues.  I think we should go back to when you can only spend based on attendances, this will stop teams like Salford, etc and other clubs.  Problem with this there will always be an argument based on "you cant tell me how much i can/cannot spend", but it should only be based on players, so if Salford have the money they can improve the infrastructure but the playing side needs to be based on attendances as an example.

Other than giving the EFL & National League more money it never not change.  Who's to say that Sky or BT (probably more BT) might only offer reduced terms so instead of 100M its now only 50M,

I think Findlater's replacement at the Telewag knows quite a lot of detail about the state the Championship is in. Pretty sure I read a piece written by him about the damage that PL parachute payments create in that league.

The payments give relegated clubs such a massive advantage that other Championship clubs, like Derby, have to overspend to have half a chance of competing.

Norwich would've ordinarily lost their best players, e.g. Cantwell, when they last got relegated from the Prem, but the parachute payments meant they could afford to keep him on a PL contract and, hey presto, they went straight back up. Same at Watford.

A team like Huddersfield, who coined it in for two seasons, have banked that cash and cut their cloth accordingly. I reckon they're in a very healthy position off the field. It's only a matter of time before teams fall all around them and they'll have their time again.

Quoted from RichMariner

I think Findlater's replacement at the Telewag knows quite a lot of detail about the state the Championship is in. Pretty sure I read a piece written by him about the damage that PL parachute payments create in that league.

The payments give relegated clubs such a massive advantage that other Championship clubs, like Derby, have to overspend to have half a chance of competing.

Norwich would've ordinarily lost their best players, e.g. Cantwell, when they last got relegated from the Prem, but the parachute payments meant they could afford to keep him on a PL contract and, hey presto, they went straight back up. Same at Watford.

A team like Huddersfield, who coined it in for two seasons, have banked that cash and cut their cloth accordingly. I reckon they're in a very healthy position off the field. It's only a matter of time before teams fall all around them and they'll have their time again.

He might be a wizz kid on the championship but unfortunately, we're not. He'd better start learning his stuff about the NL, a league whose management changed grants into loans by misleading clubs. A league whose rules state they should not go into the red but ok'd it for covid and punished Dover for staying solvent. A league that the sooner we're out of the better.

Quoted from RonMariner

Someone will step in and buy them. They won’t need to buy the ground, they will rent it. HMRC will do a deal to be paid back over a number of years. The wage bill will be slashed by the administrators to allow them to operate. Rooney, who is on £90k per week will be one of the first to go.

They will most likely end up in L1 but will survive and the whole cycle will begin again.

The administrator can’t just tear up player and coaching staff contracts. All football debts have to be settled in full.

And Mel Morris has chosen to pull the plug- he has the finances to honour the spending he authorised. He’s just decided to not put another penny in. What makes you think he’s going to be generous over Pride Park?

The big difference with Wigan is that Wigan had assets (Stadium & Training Ground) and their previous owner (the one who forced the guy who then put them into admin into buying the club after a game of roulette) wrote off a huge amount of debt to help them out.

Derby owe huge amounts to the HMRC & other football clubs and have no assets.

When Mel Morris bought Derby they were fairly prudently run & were losing about £1m a season. Within 3 years Mel Morris trebled their wage bill as well as spending huge amounts on transfer fees. Quite incredible losses when you consider they got £20m for Frank Lampard.

Quoted from GollyGTFC

The administrator can’t just tear up player and coaching staff contracts. All football debts have to be settled in full.

And Mel Morris has chosen to pull the plug- he has the finances to honour the spending he authorised. He’s just decided to not put another penny in. What makes you think he’s going to be generous over Pride Park?

The big difference with Wigan is that Wigan had assets (Stadium & Training Ground) and their previous owner (the one who forced the guy who then put them into admin into buying the club after a game of roulette) wrote off a huge amount of debt to help them out.

Derby owe huge amounts to the HMRC & other football clubs and have no assets.

When Mel Morris bought Derby they were fairly prudently run & were losing about £1m a season. Within 3 years Mel Morris trebled their wage bill as well as spending huge amounts on transfer fees. Quite incredible losses when you consider they got £20m for Frank Lampard.

Will any of their players be going cheap then - we need an understudy to Mcatee