TTR. We made north of £6M more than the budget in the plan agreed with the EFL. We kept within the budget which means more profit over and above the £6M. How much more I have no idea.
You and rA are right. There will be negotiations going on with current players to get them to sign extensions. In the main, I expect that to be the young uns as the older ones probably won't be wanted beyond next season anyway. If the club is savvy, they will offer them 2 or 3 year deals (if 3 is allowed under the amended plan) with a get out clause of "if we're not top 6 come January, you can go for X (a figure agreed between club/player/agent) and if we then fail to promote you can also go for X amount". That may well appeal to the likes of Sibs, Cash, Bird etc.
We shall see.
Now, back to my 1st paragraph. We made more money than was budgeted for in the business plan. We have that money. We also didn't spend as much as we were allowed to under the plan. We have that money too. Now, I might be being thick on this but, apart from invoices not yet due to be paid, how are we in debt other than not yet due invoices and whatever we still owe Arsenal for Bielik (believed to be £1,5M)?
Ask the finance guru's in here.
But my knowledge/ understanding of it would be. The guy who bought you out, had to
1. Pay off the debts outstanding or face ruin
2. Take on the long term debts of DCFC, unless he has wiped the slate clean and said forget it? So which one is it?
Were not going to see any accounts till mid March 2024: so it's all a bit speculative. Sure our income is above expectation, but I'm not prepared to bet we've got that all left in our sweaty paws still
My understanding that is that under the takeover the long term debts were paid off at xP in the £ and cleared. He bought the stadium off Mel Morris, so that debt no longer stands.
Of course we don't know if he borrowed to buy the club and the stadium, but there is no public indication that is the case. He seems to be funding the club from his own source, no borrowing there, so at the moment, other than Bieliks remaining tranche of transfer fees and the normal creditors one would expect at a business there are no outstanding loans or debts it would seem.
None of which I disagree with, but if a championship club comes in with a realistic offer for a player, then we would struggle to refuse the move, given they could offer to double their wages (minimum) and offer bonuses dependent upon league position promotion etc way beyond what Derby could match.
Don’t know how much there is in it but we still seem to be openly linked with Cheltenham’s Alfie May.
Seem to be in competition with Wrexham, Peterborough and Millwall...all of whom I’d hope we can see off, despite the latter being a Championship side they’re still...Millwall!
Don’t recall seeing enough of him to comment meaningfully but May’s record at L1 level is excellent.
At our level and with our restrictions I imagine building a team is like creating a jigsaw, we can’t afford risks and the players we sign have to gel, but - superficially at least - he’d seem to be a very good fit.