I completely agree with Stenson and ‘Amster, it is a bit of a concern though that the most knowledgeable of us, as far as money/accountancy matters are concerned, suggests it does ‘smell a little’.
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I completely agree with Stenson and ‘Amster, it is a bit of a concern though that the most knowledgeable of us, as far as money/accountancy matters are concerned, suggests it does ‘smell a little’.
We aren't the first FL side to sell their ground to the club's owner. Something like half a dozen have done it before us. Others have sold their grounds to investment banks and Hedge Funds..... Coventry anybody...... and there has never been a problem before.
My stance is, if it was OK when others did it, why is Gibson complaining now about us? Stinks of a bad case of the mardarses to me
My them grapes are sour up north.
MA When this first raised its head last month .Gibson named Villa Derby and Sheff Wed at that time all three were going well and likely to keep Boro out of the top six As RA has said it's a coincidence they come out with this just before our final Notice the DET have not reported it I remember when spygate broke Boro and Pullis couldn't wait to get before the cameras to say Bielsa has done nothing wrongQuote:
Originally Posted by MadAmster
Club needs to use it as motivation
Should we win on Monday the club needs to report that they've bought the ground back from Mels company... for a quid
And then say "the derby way"
Stick two fingers up to them
Taken from a Middlesborough board somewhere....
......"If he wins what would the settlement be based on?**
It's not 100% certain that without that cash injection Derby would have finished below us.* Even if they had, and we had got in the play offs, then there would be no guarantee we would have got promoted.* So what did Boro lose and what is it's value?".......
So like I said what is he suing us for, what rule have we breached and, what value has he put on it, he can't just be suing us for the fun, there has to be a financial value to it but what loss did they incur?
IMHO the issue is not the act of selling in house but rather that the contingent liability note points to a £ 1 million pa rent, which would not tally with an £ 80 million fair economic value for the property, but rather a lower amount would be consistent. This sort of suggests that the profit on sale was over egged if that is all the rental is worth.Quote:
Originally Posted by MadAmster
Blimey Parky, Gibson hasn’t engaged you has he?Quote:
Originally Posted by Geoff Parkstone
But the ground value has to be and was independently valuedQuote:
Originally Posted by Geoff Parkstone
Stenson the whole thing doesn't add up You don't ring up and inform someone you are going to sue them It has to be done legally I think they are just trying to stir it up before MondayQuote:
Originally Posted by StensonRam