+ Visit Derby County FC Mad for Latest News, Transfer Gossip, Fixtures and Match Results
Results 1 to 5 of 5

Thread: So, where is the stadium

  1. #1
    Join Date
    May 2018
    Posts
    6,481

    So, where is the stadium

    Its no longer owned by the Club, that we already knew.

    BUT its also no longer owned in the Sevco 5112 group either, so its no longer in what was previosusly considered to be "the DCFC group". Sevco 5112 was the MM holding company for DCFC operations, but that company has been streamlined by removing various companies, and another intermediate holding company inserted between MM and Sevco5112, known as Gellaw NewCo203.

    So the stadium could still be owned in the new group, by this new Gellaw company (which was only formed in June 2018) or one of its subsidiaries, but we do not know since Gellaw hasn't produced accounts yet. It could be held by MM personally. It could have been sold to an unrelated company.

    The worry is that there is no disclosure of the stadium sale transaction in the related party transactions notes in either the club or the Sevco accounts - which suggests that it has been sold outside the group and also not to MM: otherwise it would be deemed a related party transaction and require disclosure. Curious.

    So it looks as if its been sold to a third party

    There is a note about commitments under operating leases which leads me to conclude the "leaseback" on the stadium is perhaps 25 years at about £ 1 million a year cost. That said, this sort of economic value would not tie up with a sales value of £ 80-85 million reflected in the accounts themselves.

    So we are no further forward!

  2. #2
    Join Date
    Jul 2008
    Posts
    10,439
    Dodgy goings on lol

  3. #3
    Join Date
    Sep 2016
    Posts
    1,733
    Who knows ffs

    The way the club is I wouldn't be surprised if it collapsed in the next gale force winds we get

  4. #4
    Join Date
    Nov 2007
    Posts
    4,716
    Who knows, but my new lawn is a right pain to mow! Its a shame we're in this situation, especially after all the boredom and stripping back under the Americans

  5. #5
    Join Date
    Jun 2016
    Posts
    12,923
    Quote Originally Posted by Geoff Parkstone View Post
    Its no longer owned by the Club, that we already knew.

    BUT its also no longer owned in the Sevco 5112 group either, so its no longer in what was previosusly considered to be "the DCFC group". Sevco 5112 was the MM holding company for DCFC operations, but that company has been streamlined by removing various companies, and another intermediate holding company inserted between MM and Sevco5112, known as Gellaw NewCo203.

    So the stadium could still be owned in the new group, by this new Gellaw company (which was only formed in June 2018) or one of its subsidiaries, but we do not know since Gellaw hasn't produced accounts yet. It could be held by MM personally. It could have been sold to an unrelated company.

    The worry is that there is no disclosure of the stadium sale transaction in the related party transactions notes in either the club or the Sevco accounts - which suggests that it has been sold outside the group and also not to MM: otherwise it would be deemed a related party transaction and require disclosure. Curious.

    So it looks as if its been sold to a third party

    There is a note about commitments under operating leases which leads me to conclude the "leaseback" on the stadium is perhaps 25 years at about £ 1 million a year cost. That said, this sort of economic value would not tie up with a sales value of £ 80-85 million reflected in the accounts themselves.

    So we are no further forward!
    Will all this have old Lionel P spinning in his grave, GP?
    Local owners eh? Longston, Pickering, Gadsby and now Morris...they all seem to come unstuck.
    Last edited by ramAnag; 10-04-2019 at 11:55 PM.

Forum Info

Footymad Forums offer you the chance to interact and discuss all things football with fellow fans from around the world, and share your views on footballing issues from the latest, breaking transfer rumours to the state of the game at international level and everything in between.

Whether your team is battling it out for the Premier League title or struggling for League survival, there's a forum for you!

Gooners, Mackems, Tractor Boys - you're all welcome, please just remember to respect the opinions of others.

Click here for a full list of the hundreds of forums available to you

The forums are free to join, although you must play fair and abide by the rules explained here, otherwise your ability to post may be temporarily or permanently revoked.

So what are you waiting for? Register now and join the debate!

(these forums are not actively moderated, so if you wish to report any comment made by another member please report it.)



Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •