This Mel really is the pits
He's basically sailed of with his fleeced money and basically told the fans its up to you
I'm utterly astounded
But Derby wont be the last club to fold, we're the domino effect
The thing is though, whatever the rights and wrongs of the player amortisation, the fact that Mel has been resorting to these practices, together with the sale and leaseback of the stadium, tells its own story, he has been pushing the boundaries of FFP and thats where I see his culpability lies.
Fine, he was the owner, he wanted to achieve promotion, he promised he would deliver this to the fans, BUT, he still has to operate within the EFL rules and within financial parameters. So yes Covid is a contributory factor, but in reality it has merely brought forward what would have been inevitable, he gambled his cash and the clubs future on promotion, he didn't succeed, now the clubs in the ****e! Thats down to his bad judgement and poor financial and I'd say operational management.
Yes fans may have salivated over the signings, though many took the view we were over paying for average players, but then Mel didn't say, look fans, I'm going to gamble the financial security of the club on getting promotion.
If he had said that, then many fans might not have been so keen to support what he was doing.
For me the guy has to take the blame, he was in charge and took a financially stable and viable club into administration.
This Mel really is the pits
He's basically sailed of with his fleeced money and basically told the fans its up to you
I'm utterly astounded
But Derby wont be the last club to fold, we're the domino effect
The isuue I have with the EFL on this is that the amortisation methodology Mel decided to use from 2015 onwards is 100% legal under UK Law.
And was pressumably signed off as ok to use by the EFL, the first panel with specialist accountants found it ok too but the EFL wasn't happy with that outcome and they did something about it
People keep saying Mel is rich but he isn't, if he was worth 700m and a "fan" he'd bail the club out and then hand it over to someone who wants
All this b0llocks about him being a fan and rich is just that... b0llocks
Morris has taken this club to the cleaners, and put it out of business
The club is now deferring wages ffs, its done its over with, switch off the lights
Your last "claim" was that he doesn't have 800M. I asked you where you got that figure from. You have yet to answer that question. That mag that puts out annual figures on the "worth" of the rich (Quote?) has had him at between 500M and 550M for the past few years. You now speak of 700M. I have yet to see any claim from Mel himself, anywhere, on his total "worth".
700M? 800? Just where do you get these figures from?
Do you understand the difference between liquid assets and non liquid assets? Mel is probably down to the dregs of his liquid assets. That doesn't mean he doesn't have half a billion in non liquid assets. If you, somehow, know differently, please enlighten us and feel free to provide sources. They make your story believable as opposed to our usual perception of your ramblings.
Last edited by MadAmster; 23-09-2021 at 07:48 AM.