The prospective new Spanish owner interviewed by Jim White earlier. He's refuting what's been said. So who knows.
That Alonso is a con man. He’s one of them that seems to rock up at clubs in trouble but never actually takes any over.
Another chancer trying to con his way into English football. If you don't have the funds, **** off. Although I have to admit that part of me thinks Derby are reaping exactly what they've sown, so **** off to them too.
I wonder if Pies R' Us is compiling a 3000 page dossier to send to the Football League and readying De Zeeuw to smash Mel Morris's face in?
I'd never heard of him til earlier today when he was on Talksport. From what Simon Jordan said in a nutshell he was planning to remortgage the stadium to leave real cash available for spending on the team, recruitment, wages etc. Don't know if that's common practice or not to be fair? Just seems nearly every takeover is shrouded in some sort of controversy.
If the stories are true about him being an agent and going to use Derby to showcase his clients, as a Derby fan I would be more concerned that they are just going to have a huge turnaround and no real continuity and surely EFL should have concerns along lines of third party ownership.
“It is claimed that while Alonso has provided proof of funds, he does not intend to use those funds to complete the takeover“ How does this work then? Would the equivalent be if I went into a car dealership, made intentions to buy a car, showed them my bank balance, and then told them my mum was paying for it, who may or may not be able to afford it?
I know what you mean. Don't know if that would break any EFL rules or not?!? Although I always thought it 'dodgy' or at least pushing rules to the extreme when Watford had all those Italians from the same 'feeder club' who I think the owner's bought aswell. But I suppose he'd be signing players he manages as an agent. Probably pays himself royally for his service. So he'd be paying himself from his own coffers or spending the club's income that he's not contributed to?!? It does on the face of it sound very shady.
Your probably right it probably doesn’t break the rules, but it doesn’t feel right either. Watford example they changed rules the next year to stop it, so must have thought it was wrong.
On this then will the remortgage (if succesful) use the same people to value the stadium to get round ffp? I just dont get any of this...its what happens when the EFL issues wishy washy guidelines.
Leveraged buyout. Like the Glazers did at Man U. You don't use your own money you get a bank to loan you a billion or so and use that. Then you bleed the assets dry, make your money and move on.
I think from what I read that they just made a figure up for the stadium value which coincidentally just let them finish within the FFP guidelines. I'm fairly certain that no independent surveyors would have been involved in the valuation ;-)
Well sort of but generally ends in disaster for the asset while the money men walk away with the money. A mate once gave me a book he said I should read. Took one look at it and couldn't see myself being interested in it. It was about the biggest leveraged buyout (of Nabisco) in the 80s written by two journalists. Couldn't think of owt more boring. Anyway after a few pages I was hooked. Fascinating stuff about how greed destroys everything and anyone with a shred of decency, while the money men walk away with the money and are praised. 'Barbarians at the Gate'. Well worth a go.