Generic clubs in financial crisis Thread

[Winston Biscuit]

Mike Ashley reportedly in talks with Derby again

[Winston Biscuit]

https://www.bbc.co.uk/sport/football/61729900

Chris Kirchner's attempt to buy financially stricken club Derby County is in danger of collapsing, despite the American insisting the takeover will happen.

The businessman was named as preferred bidder to take the club out of administration on 6 April.

Kirchner has told BBC Sport that he expects the deal to be done today.

BBC Radio Derby reports that funds promised by the 34-year-old to pay the Rams' wages for May have not arrived.

[On Strings]

Mike Ashley reportedly in talks with Derby again

When he was linked to them last year, he said we wanted to turn them into a Super Club. Just as he did at Newcastle then...

[Uke]

Mike Ashley reportedly in talks with Derby again

When he was linked to them last year, he said we wanted to turn them into a Super Club. Just as he did at Newcastle then...

Would we not prefer an Ashley ownership to a Dai one?

[Winston Biscuit]

Mike Ashley reportedly in talks with Derby again

When he was linked to them last year, he said we wanted to turn them into a Super Club. Just as he did at Newcastle then...

Would we not prefer an Ashley ownership to a Dai one?

Newcastle fans would have preferred Ashley to Dai

[Winston Biscuit]

Derby takeover has 'failed'

oh my

EFL statement
https://twitter.com/EFL_Comms/status/1534996133403058193

[Winston Biscuit]

New EFL statement on the Derby shambles

https://www.efl.com/news/2022/june/derby-county-efl-statement

[AthleticoSpizz]

In other words, Derby have been naughty, and the EFL are looking at ways of changing their own rules to protect the historic club that is Derby??? that is a question btw.

[Royal Rother]

In other words, Derby have been naughty, and the EFL are looking at ways of changing their own rules to protect the historic club that is Derby??? that is a question btw.

I think it’s the Administrators than the club at fault over this.

[PATRIQT]

Birmingham's crisis continues as Bassini gets the nod (somehow) from the EFL to buy the club

[From Despair To Where?]

Birmingham's crisis continues as Bassini gets the nod (somehow) from the EFL to buy the club

Fcuking hell, out of the frying pan and into the crater of an erupting volcano.

[Snowflake Royal]

In other words, Derby have been naughty, and the EFL are looking at ways of changing their own rules to protect the historic club that is Derby??? that is a question btw.

I think it’s the Administrators than the club at fault over this.

Yeah, I think the FL are requiring a more hands on approach for them to ensure the Administrators stop dicking everyone around.

Of course, if it was a L2 club they'd be gone already.

[Winston Biscuit]

as per the rivals thread:

Andy Twigge (local BBC radio man in Derby) was interviewed last night and seemed to suggest it should all be fine. Said there are now between 6-8 parties interested in buying Derby and that one of those parties he spoke to said that with Kirchner, and his exclusivity agreement, out of the way, a deal could be done with one of the other interested parties in around 2 weeks.

They are no longer working on a preferred bid basis and have just asked all parties to submit a best and final offer so as to speed things up.

He did say though that a number of players contracts expire in 15 days time so its important to work towards getting it all resolved before that otherwise there is just another negative knock on effect for them to deal with

[Winston Biscuit]

Barcelona sell off 25% of their TV money for the next 25 years and also sell off 49% of their licencing & merchandise organisation.

Brings them in €600m to throw around short term.

They now have a significantly reduced income and their debt is reduced to 'only' €800M

[Snowflake Royal]

Barcelona sell off 25% of their TV money for the next 25 years and also sell off 49% of their licencing & merchandise organisation.

Brings them in €600m to throw around short term.

They now have a significantly reduced income and their debt is reduced to 'only' €800M

can't see that going wrong.

[PATRIQT]

Barcelona sell off 25% of their TV money for the next 25 years and also sell off 49% of their licencing & merchandise organisation.

Brings them in €600m to throw around short term.

They now have a significantly reduced income and their debt is reduced to 'only' €800M

can't see that going wrong.

If they keep spending beyond their means, it'll certainly catch up with them later.

[Winston Biscuit]

Derby administrators confirm they are now looking for a short term loan to cover wages

[Silver Fox]

Bye then

Except we all know that won’t be the case

[From Despair To Where?]

I appreciate its the administrators rather than the club doing it but is that even legal?

I bet Mike Ashley has the number of some payday loan companies. At the obligatory 90% interest.

[Franchise FC]

I appreciate its the administrators rather than the club doing it but is that even legal?

I bet Mike Ashley has the number of some payday loan companies. At the obligatory 90% interest.

I can’t see how any institution could loan money to a company where income is basically zero, are already in administration and have no collateral to rely on, even if it were legal

Even at stupid rates of interest the potential for a default on the loan is massive, shirley