Kirchner signs on

[Trickytreesreds]

Is that meant to be amusing or is it just showing a complete misunderstanding of what is/might actually be happening? Either way it misses the point completely.

Going on what we already know and adding in well thought out conclusions it looks reasonably certain that all the many fans shouting from the rooftops that CK doesn't, and never has had, the money are wrong. It's looking increasingly like CK paid the £1.4M in wages to avoid a 3 point penalty last month. Then there's the non-refundable deposit of £5M he would have had to pay upon being named PB as stated in the agreement he signed to be part of the bidding process. Then there's possibly as much as another 4 M or 5M he will have paid out to accountants and lawyers over the past 6 or 7 months. If he didn't have the funds to buy, would he really fork out more than £10M just to play out a charade?

The money isn't missing if Quantuma, EFL and Alan Nixon are telling the truth that they've seen both proof of funds and proof of transfer of said funds. It's sat in a European clearing bank awaiting the sign from Plod to release them. Of course. it may be that they are lying and you're right. Possible, yes, but highly unlikely.

It's also said CK is in the process of transferring another £21.M in the hope that clears quickly.

CK? Not what's being said elsewhere.

It's an American business called MSD Holdings who paid 1.6M last month to cover the wages

They have been paying all the bills to keep the club afloat

In total they have loaned the club 23M now

But that loan is pretty secure as they have loaned the money against the stadium

So the club can't be bought on the cheap. That loan has to be repaid for any new owner to use Pride Park

Plus separately an agreement has to be made to pay off creditors and administrator fees

MSD Holdings have not had to show any of the loan at risk in their accounts so must believe the stadium and/or it's land are worth more than the loan with or without the football club surviving

For a new owner who can't afford to buy the stadium another business is lined up to repay that loan take over the stadium and then lease the stadium back to the football team

I guess MSD Holdings will continue to fund derbys losses and expenditure until they believe the stadium and it's land are no longer worth more than the loan they have given the club

Mel Morris valued the stadium and land at 80M but apparently Middlesborough had it independently valued at 22M approx when in litigation against Derby recently

So might be getting close to MSD Holdings not being prepared to loan any more against the value of the stadium to keep paying the bills

[MadAmster]

CK? Not what's being said elsewhere.

It's an American business called MSD Holdings who paid 1.6M last month to cover the wages

They have been paying all the bills to keep the club afloat

In total they have loaned the club 23M now

But that loan is pretty secure as they have loaned the money against the stadium

So the club can't be bought on the cheap. That loan has to be repaid for any new owner to use Pride Park

Plus separately an agreement has to be made to pay off creditors and administrator fees

MSD Holdings have not had to show any of the loan at risk in their accounts so must believe the stadium and/or it's land are worth more than the loan with or without the football club surviving

For a new owner who can't afford to buy the stadium another business is lined up to repay that loan take over the stadium and then lease the stadium back to the football team

I guess MSD Holdings will continue to fund derbys losses and expenditure until they believe the stadium and it's land are no longer worth more than the loan they have given the club

Mel Morris valued the stadium and land at 80M but apparently Middlesborough had it independently valued at 22M approx when in litigation against Derby recently

So might be getting close to MSD Holdings not being prepared to loan any more against the value of the stadium to keep paying the bills

All that to describe one single sentence you think was wrong..... what about the rest of it?

[Trickytreesreds]

All that to describe one single sentence you think was wrong..... what about the rest of it?

The first line was the answer- not whats being said elesewhere.

People have assumed it was Rooney, then it must be CK?

The suggestion there is, that it isn't.
Leaves many questions, if that if the case.

[Trickytreesreds]

CK, well there you go, paying the wages my ass.


John Percy
@JPercyTelegraph
Breaking: Chris Kirchner has withdrawn his bid to buy Derby tonight and is now OUT. CK has notified the EFL that he is regretfully pulling out. Crucial time wasted, and now it’s over to the other interested parties to get a deal done.. #dcfc
7:04 PM · Jun 13, 2022·Twitter for iPhone
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[DCFCArmy]

As ive said before... its not libal if its true and ck has been oroven to be a lying potless pi33 ant

Im more concerned about the well being of some of our supporters (the likes of b4 as said before)

Forget the told you so rubbish this is not going to end well for some if the worst comes. Tricky might take the pi33 but even he can appreciate that this club so much to many people, lads like this b4 live for their club and those bast@rds have taken advantage of that.

[ramAnag]

As ive said before... its not libal if its true and ck has been oroven to be a lying potless pi33 ant

Im more concerned about the well being of some of our supporters (the likes of b4 as said before)

Forget the told you so rubbish this is not going to end well for some if the worst comes. Tricky might take the pi33 but even he can appreciate that this club so much to many people, lads like this b4 live for their club and those bast@rds have taken advantage of that.

DCFC, for your own sake, check out the definition of libel. You’ve quite possibly been proved right over certain things but you HAVE libelled people on here...Marinakis for one.

As regards the rest. You give Tricky far too much credence. He’s loving every second of our misfortune.

As far as ‘B4’ is concerned...doubtless your intentions are good but frankly I doubt anyone on here would have understood if macstheman hadn’t stepped in to explain.

Neither is it just him. I’m wondering how to explain all this to two of my grandchildren who (Covid apart) have hardly missed a match over the last three years and, at the other end of the age spectrum, there will be older people wondering if they’ll ever see the team they saw as Champions when they were youngsters, in the top flight - or even the Championship - ever again.

Sadly it’s the nature of football. Southampton, Man. City, Villa and Wolves fans have all experienced the same level of relegation...and bounced back. The difference is that we SEEM (that little word stops any charge of libel) to have become the victim of rich men APPEARING IMO (there’s a couple more) to play fast and loose with with the club’s future and the hopes and well being of supporters.

[MadAmster]

As ive said before... its not libal if its true and ck has been oroven to be a lying potless pi33 ant

Im more concerned about the well being of some of our supporters (the likes of b4 as said before)

Forget the told you so rubbish this is not going to end well for some if the worst comes. Tricky might take the pi33 but even he can appreciate that this club so much to many people, lads like this b4 live for their club and those bast@rds have taken advantage of that.

Some might argue that the bit in bold now seems likely but we do not know that it is true. All we know is that he has pulled out and we may think it's a shame his Dad didn't

What we don't know, and you are merely presuming, is WHY he pulled out.

It might be because, as you assert, he never had the money in the first place, in which case, he is the charlatan many have said he is.

It might be that, with the limited time now available for a deal to be completed, he had found out the fraud investigation would take too long so he's retracted his bid so the club can be saved by someone else.

It might be for other reasons. the point being..... YOU DON'T KNOW. You are surmising and not dealing in proven facts. If he did have the money then you are, indeed, guilty of libel.

There are wider questions to be looked at here. Quantuma. They say they saw proof of funds and proof of transfer. How did a supposedly experienced firm of insolvency experts get conned by CK if the funds were either not here and/or never sent? If I was Quantuma or one of their employees involved in such events, they must surely, rightly so too, be very worried about their licence to practice and their future livelihood. Hopefully there will be a thorough investigation into what went wrong and the necessary conclusions implemented.

EFL have reportedly also seen the same proof Quantuma did. How did they, if the proof was false, get sucked into this disaster? Again a thorough investigation is necessary to sort out what went wrong and how to stop it happening again.

DCFC. If the two entities named above did get suckered by a pack of lies, then those working for DCFC on this also have a battery full of eggs on their faces. I won't go into names but one is perfectly obvious. Again, an investigation is needed to sort out what went wrong and heads should probably roll.

DCFCA. Your assumptions are, as yet, not backed up by fact. The fact that he's pulled out does NOT prove he never had the money. Nor does it prove Q/EFL/DCFC were conned by a conman. They might have been but we'll never know until the FACTS are in the public domain.

I'm just about erring on the side of agreeing with our resident antagonist but still have the nagging thought that it's pretty much unthinkable, but possible, that Quantuma and EFL and the DCFC board all got suckered into believing false documents. That would not be good for Quantuma nor for the EFL nor DCFc board members involved in proceedings.

Will there ever be an investigation? Will we ever know the full facts?

The future. I have no idea. The EFL will be making sure all is done to complete the deal in the next 9 days, that or ensure people have put enough money into the club to keep it going for the season, say £5M refundable from each candidate also to happen within the next 9 days. Why 9 days? If there isn't some kind of solution available on fixture release date I'm sure we'll lose our Golden Share.

All we can do is sit and wait patiently. Easier said than done. It's a huge part of our lives spread over many a year and we have a massive emotional investment in DCFC.