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Does anyone remember League 1 Derby County?

Rzar

Ian Bowyer
preferred bidder = best of a bad bunch ?

if he does bail them out fully then Mel should do the right thing and invite him to kick him right up the bollocks at halftime first game of the season as a primitive form of compensation.

many on here have had it right from the get go, either pay in full ( HMRC want what’s due) or down the pan and start as phoenix club.

as for the fans I’ve ordered slippers and a dildo.
Yeah PB doesn’t mean he will end up paying enough to save them.

But I will add I think if he becomes PB he will end up saving them. It is bad for business and PR if you don’t, especially as a Derby company.
 

Redemption

Bastards on the Road
Interesting how none of the #ITK folk mentioned this guy, but apparently he’s been negotiating the purchase of the ground for the last couple of weeks.

Seems as though this has all been carried out behind the scenes and the leaked information creating the necessary distraction to enable it.


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The lad from the Athletic got pelters for his Clowes Stadium story a few weeks ago.
I'm sure there will be a Scooby-doo-mask ripped-off-to-reveal-Mel Morris meme some clever person from here puts together very soon.
6kpe8k.jpg
 

Captain Sinister

Senior doom Monger
This latest possible buyer story reminds me of the Experian owner (Eric Somebody) who bought Forest after Scholar and his group of asset strippers had turned us into a basket case. Eric was a fan and bought Forest at they time to save us from liquidation. He had no idea how to run a football club, and didn’t have the personal fortune to develop the Club sufficiently. But he did bring us back from the brink, stabilised things before selling to Mr Doughty.
 

Redemption

Bastards on the Road
There's a bit of a difference with Barnes though. He bought just some of Nigel Wray's shares and so did Phil Soar, the chief exec who acquired the same amount. Wray kept shares some too, as did Irving Scholar.

What is true that neither Barnes, Soar nor Scholar had a clue how to run a football club. But it was a much steadier hand over of a sinking ship than Derby.

It was incredible that we survived.
 

Daniel H

A. Trialist
The lad from the Athletic got pelters for his Clowes Stadium story a few weeks ago.

6kpe8k.jpg
He did, in the same token Ed Dawes got pelters for the Kirchner withdrawal of bid news, which turned out as it did. All the same really, if you happen to know something that turns out right, jealousy of others that can’t and don’t break the story leads to criticism. Cynical perhaps, who knows?

The Clowes investment guys were only looking at the stadium at the time, obviously because Kirchner was in poll position to purchase. I assume now they are desperately trying to save the club, with David being a passionate supporter, he’s going to do everything to do that.
 

Trents

Jack Burkitt
Clowes hasn't seen the accounts and financial data yet.
That was my first thought. He needs to see the data room before they break out the champagne.

Great for them as he's a fan(wasn't Mel?), but more important than that is knowing how to run a football club. They have a shed load of rebuilding to do so he'll need to bring in experienced upper management to help out. He'll need Stephen Pearce to assist with that which won't go down well with fans.

Once he crunches the numbers I imagine if he does take over he'll have to settle for a -15 start to release funds where they are needed.
 

Trents

Jack Burkitt
Why are we thinking that Clowes hasn't been in the data room yet?
As I understand it, interested parties get an overview of the numbers, in particular the debts. It's not until you are granted preferred bidder that you get into the details and see what can be/has been negotiated with creditors.
 

Redemption

Bastards on the Road
As I understand it, interested parties get an overview of the numbers, in particular the debts. It's not until you are granted preferred bidder that you get into the details and see what can be/has been negotiated with creditors.
I think that changed when they moved to "running a competitive bidding process."

Sighing the NDA gets them access to the data room. More from Quantuma's statement

"Bids should be best and final and not contain any referential element. "Clearly, any bid is subject to interested parties entering into an NDA, accessing the data room, and undertaking their own due diligence."

"Of the parties we are engaging with, some are more progressed in this process than others. "The joint administrators wish to reassure all parties and supporters that they do not discriminate against any party, if a bid is deliverable and credible."
 

Redemption

Bastards on the Road
What's this about preferred bidder? I was under the impression they were going straight to full and final bids. If they have changed to having a preferred bidder again then that is a high risk strategy because if this one falls down again then they are almost certainly finished.

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My assumption is just lazy journos.

At some point, submitting a "deliverable and credible" bid probably grants some exclusivity and I'm guessing that Clowes has got to that stage?
 

Notcher

Jack Burkitt
My assumption is just lazy journos.

At some point, submitting a "deliverable and credible" bid probably grants some exclusivity and I'm guessing that Clowes has got to that stage?

That's where I was at with it too. Having a preferred bidder would pretty much seal their fate if Clowes pulls out. You would want to be juggling at least 2 or 3 bidders at this point because and any sole exclusivity period would see them run out of time with another failed takeover.

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Buildabonfire177

Your name vill also go on ze list
What's this about preferred bidder? I was under the impression they were going straight to full and final bids. If they have changed to having a preferred bidder again then that is a high risk strategy because if this one falls down again then they are almost certainly finished.

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You tease notch 😉
 

DanR

Stuart Pearce
That's where I was at with it too. Having a preferred bidder would pretty much seal their fate if Clowes pulls out. You would want to be juggling at least 2 or 3 bidders at this point because and any sole exclusivity period would see them run out of time with another failed takeover.

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Which is something nobody* wants to see happen.

*Everybody
 

Daniel H

A. Trialist
As I understand it, interested parties get an overview of the numbers, in particular the debts. It's not until you are granted preferred bidder that you get into the details and see what can be/has been negotiated with creditors.
Correct - during the Alonso debacle, a friend and business associate of mine whom is a corporate financier was approached by Alonso’s team to finance the takeover.

He was given an overview of what he was financing. Obviously under an NDA he couldn’t divulge the true figures, but did describe it to me in an amusing phone call as a “pigs mess”
 

valspoodle

Steve Chettle
If he is very wealthy and a life long fan, where has he been since last September?

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Exactly my first thought when I read the Dorsett piece. And with the 'fortune' he has, it's going to be very difficult to fund the Derby problem and keep any of his money. You need megamoney these days to make any difference in football ownership. The only time you might make money is in the Prem and there is a long climb before they reach that peak.
 

Winnits

Viv Anderson
Suspect his motivation isn’t to lead them to glory but try to save them from oblivion. Steady the ship, see where it settles and see if it’s more of a saleable asset to someone who will have the backing to try to drive them on.
 

Daniel H

A. Trialist
Suspect his motivation isn’t to lead them to glory but try to save them from oblivion. Steady the ship, see where it settles and see if it’s more of a saleable asset to someone who will have the backing to try to drive them on.
Proof will be in the purchasing next week.
 
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