gfs1ram

3 minutes ago, Nuwtfly said:

Anyone know what this is about?

 

It means that a Peter James Wallis has registered a new Company at Companies House -

Derby County Football Club 2022 Limited

14 minutes ago, Rammy03 said:

Can someone sum up what that statement actually means

Basically F@@k off Administrators / Derby !!

The Administrators must immediately file claims against the referee for not sending Grabben off the other week or not giving the clear penalty in the home game. Every game should now be analysed and claims made for wrong doing's.

Mind you Norwich I believe are claiming because we switched the lights off a couple of years ago to stop them winning and Florist are suing us something to do with a coffee cup being on the pitch.

If it wasn't so serious it would be a scream !!   Total abdication by the EFL. Everyone ought to sue where does it end ??

2 minutes ago, cosmic said:

Someone needs to take charge of this. As soon as we get this Boro/Wycombe nonsense resolved, we'll know exactly where we are. It was supposed to have been sorted this week, who's actually holding it up? Not Boro or Wycombe, that's for sure - they've got their gloves on, ready.

Not so sure the longer they can stretch it out the more it hurts Derby.

5 hours ago, JfR said:

There's a nice little ex-Derby contingent going on up at St Johnstone: Craig Bryson, Jacob Butterfield and Efe Ambrose are all on their books, as well

Is that why they are bottom of the league ?? ?

The Last Leg

@TheLastLeg

The Last Leg is back with a BRAND NEW series this Friday! What stories should we chow down on this week? Send us your #IsItOk tweets now!

From a great idea by R@M on the Media thread.

Come on guys we should be swamping their twitter feed !!

11 hours ago, gfs1ram said:

The Last Leg

@TheLastLeg

The Last Leg is back with a BRAND NEW series this Friday! What stories should we chow down on this week? Send us your #IsItOk tweets now!

 

Come on guys this is a great idea by R@M. We should be swamping their twitter feed.

2 hours ago, R@M said:

Just a thought…. If everyone tweets @TheLastLeg #isitok they love their sport, love an underdog and pointing out injustice and hypocrisy. They may troll the EFL like they did trump!

The Last Leg

@TheLastLeg

The Last Leg is back with a BRAND NEW series this Friday! What stories should we chow down on this week? Send us your #IsItOk tweets now!

Any 15 point deduction will be at the start of the following season. I believe Leeds got that punishment way back but still made the play offs of Div 1.

10th January 1959.  Once a Ram ..................

Don't forget Parry has come out of his bunker over the last few days as he and the EFL 'don't like all the noise' !!

They will be doing their best to generate their own favourable PR with 'friendly' journalists.

Hope we can keep the pressure on them going during this coming week. It's essential.

EFL unfit for purpose !!

11 minutes ago, i-Ram said:

If this ends up in a liquidation yes - MSD are at the front of the creditors queue for all income generated from asset sales (although Quantuma fees will need to be paid first). I think it unlikely in a liquidation that any other creditors will get anything. The leases would be come pretty valueless, and the prices offered for our footballing assets would drop away. MSD would be covered though, because if there is any shortfall they go for recovery from Morris and Gellaw under his guarantee and the fixed charge on the stadium.

However, we are all hoping that rather than liquidation, we come out under a CVA or restructuring arrangement, and the Club carries on trading, etc. A CVA is a voluntary arrangement between all the creditors that they will accept a certain pence per pound settlement, and will write off/have no future claim on the remainder debts subject to terms and conditions within the CVA being met and achieved. MSD as a secured creditor would be effectively agreeing to sharing some of the monies that are paid by a new owner for the club, so that other creditors get some return so a CVA (or non CVA restructuring) can be agreed. They will only want to do that if they are happy with the arrangements after the Club is purchased - e.g. they can foresee their loan being serviced, and repaid over an agreed term, and they always retain ample security in place (including the stadium owned by Morris (Gellaw)). 

Ideally I would think MSD would want out; they must be sick to the back teeth being in bed with Morris and DCFC, even at high interest rate return. So I think they would prefer an Ashley type offer of £30m to buy the Club, and £20m to buy the stadium from Morris (Gellaw), and then with Morris (Gellaw) repaying the MSD loan from those proceeds. The £30m Ashley would be paying for the Club only could then exclude any need to account for MSD, and could under say a CVA give a greater pence in the pound return to the other creditors. Note to continue operating as a football club and retaining our golden share, football creditors would have to get 100% repayment. To make sure we don’t get further point deductions from the EFL all other creditors would need to have a minimum return of 25%. The sticking point apparently for Ashley doing this kind of deal though is the EFLs current insistence that Boro and Wycombe’s spurious claims are contingent football creditor debts.

That is quite a simplistic overview, there is much more nuance in the detail.  I have decided not to go into any detail in this note regarding what apparently is Quantuma’s preferred exit route - a restructuring using class cram legislation - because a) I am going to open a beer now and watch the match and b) I think I have answered what you wanted to know. Up the Rams.

Spot on.

At least we seem to have a bidder who has made an offer knowing about the Boro / Wycombe claims and is prepared to take them on and hopefully contest them?  This is great news.

Otherwise despite what Steve, Mr Gibson, Stephen says I am sure he would prefer Derby to be liquidated if only to make Morris have to pay MSD from sale of PP or under his guarantee. ie Personal Vendetta - he wins.

Posted this on the Admin thread but probably more appropriate here -

" That's it then. we literally have it now in black & white ( no pun intended)

Gibson ensures DCFC is liquidated and Morris then has to pay the £20m+ under his guarantee.

Game set and match to Gibson - just no DCFC.

VENDETTA !!! "

An open letter from Steve Gibson 

Oh yeh written in the third party !! ??

1 hour ago, cosmic said:

This prat has decided to speak out now...

It's as if they plan to release statements together. Surely not?

Sorry if this has already been posted on here but I cannot keep up.

I tweeted my response at the time -

" That's it then. we literally have it now in black & white ( no pun intended)

Gibson ensures DCFC is liquidated and Morris then has to pay the £20m+ under his guarantee.

Game set and match to Gibson - just no DCFC.

VENDETTA !!! "

Just wondered if Mel Morris owns any Activision Blizzard shares?

AB took over King Games in 2016 for $5.9 billion. aka Candy Crush / Mel Morris. (£500mil)

Now I see Microsoft are paying $70 billion approx for Activision Blizzard !!

Mel may have just got some of his £200 mil back ?

No Sibley ?

Counter claim !!!

Boro 1 Derby 1    1st Jan 1992.    

if we had won we would have got promoted and not them !!     They finished 2nd 80 points we finished 3rd 78 points.

I remember quite clearly that it should not have been a corner from which they scored !! ?

18 minutes ago, DCFC27 said:

You are  just taking a pedantic view here. 
If you don’t think that an institution that is built upon fans paying to keep a club running isn’t answerable to its main income stream then I’d have to question your logic. 
 

No fans, no income, no club. 
 

The fans are the clubs customers, in fact its their whole customer base. And without the income from season tickets, match day tickets and hot dogs. They’d have nothing to rescue. 

So, it’s not very often I would say this so plainly. You are wrong. They are answerable to the fan base as a whole, as we are their biggest stakeholders.

I do disagree with making a list of demands though, just a line asking for a quick update would suffice and waste less time and hysteria. 

 

 

The Administrators main responsibility is to maximise the return to the Creditors by what ever means that may take.

(Hence possible 'fire sale' of players in January if no deal is agreed soon )

21 hours ago, Truckle said:

I don’t understand why we are all so keen to blame Mel rather than the EFL. 

The problem with laying the blame at Mel’s door is that the logic just doesn’t add up.  It relies on 3 pillars:

• Mel is as thick as mince
• He actively decided to ruin and devalue an asset he owns
• He is some kind of agent who intentionally bought Derby to ruin it.

Let’s assume for a second that Mel Morris is neither stupid nor intent on ruining the club he supports, then you really have to ask – how does any of it make sense?

There is an alternative narrative to the ‘Mel ate my hamster’ view of the world. What he did during his time was try to get us promoted by sailing as close to the limit of FFP as possible, just like every other club with a reasonably minted owner.  Where he massively failed was in not having the foresight to build a time machine.

When we submitted the financial figures to the EFL on 30th June 2016 the EFL signed-off on those figures. As a result Mel based his future spending plans on how much he could put into the club while staying within FFP using that method. He funded the club on this basis for the next 3 years, without a murmur from the EFL.

Let’s say that the EFL had been even half-way competent – it’s a stretch I know, but bear with me – and had said on the 30th of June 2016.

“Mr Morris, we don’t think you should amortise in this way, can you resubmit using the previous method?”

What do you think he would have done? Given that he’s not stupid or intent on ruining the club I’m betting he’d have said:

“Right you are, I’ll change my plans accordingly”

And over the next couple of years sold Tom Laurence and not bought Krystian Beilik.  From the figures that have been quoted I think would have been enough to comply with FFP, and if it wasn’t he would have sold someone else, wouldn’t he?  Given the alternative was to destroy a really valuable asset he owned I don’t think that is an unreasonable assumption.  I would argue the EFL retrospectively moving the goal posts and a global pandemic that disproportionately hits the best supported teams are why we are where we are rather than the blame all laying at Mel’s door.

My sentiments exactly but I also agree with Pistolpete, LazioW & David's additional comments re Admin.

Yes Mel gambled big time and lost. QPR, Villa, Bournemouth and even Boro amongst others did the same and won. We made some awful costly signings for which Mel has to take responsibility.

However putting the Club into Administration looks to be his biggest mistake. Far from crystallising the position it immediately handed the initiative to the EFL to impose dubious points deductions and too Boro and Wycombe to hold the Club to ransom. 

What I would have loved to have seen was for Mel to take those three to court if necessary and fight our position. Something the Administrators will not/cannot do.

Our amortisation policy was entirely legal and an accepted accounting practice we were just the first to introduce it in football. Just because Gibson threatened the EFL with legal action and Maguire highlighted it, asking a Club to rewrite/backdate it's accounts some 2/3 years later is just wrong. As the OP says in fairness Derby/Mel would have based the FFP calculations on those original figures.

Mel should also have cleared the debts then selling the Club would have been easier. 

Whats another £100m when you have already lost £200m ??  Then again it's not my money ?

I fear now the Middlesborough claim could well liquidate the Club.

I think CK has been told that he won't be the preferred bidder. Hence him going public and spitting his dummy out.

Stop the thread.

21st October 1961 - Mick Hopkinson against Liverpool in a 2-0 win for the Rams.

I was in the 'boys enclosure' it was from fully 60 /90 yards (well it seemed like it from what I can remember ?)

Somewhat spookily on googling to find the date I see that Anton Rippon wrote an article for the DET in 2018 that is spot on and it seems that he too was in the boys enclosure !!

https://www.derbytelegraph.co.uk/sport/football/football-news/day-Derby-county-competed-equal-1363190

I do not live in Derby so missed that article but it is a great read - Enjoy !!

Not sure if this has been posted but sad news.

Today we lost a legend, my great friend and my right arm , RIP Keith, love you Don x #dcfcfans

13 minutes ago, TheresOnlyWanChope said:

I’m keen on anything that doesn’t involve liquidation.

Agreed but I still fear Gibson can/will sink us.  If Middlesborough and indeed Wycombe do not withdraw their claims then the Administrators are not going to be able to sort this mess out in the near future. Would anyone still go ahead and buy us with those claims still outstanding ??

17 minutes ago, Rammy03 said:

Remember it's 45 to survive.

Without the 21 point deduction we'd need to have it's 66 points. That's not playoffs but it's a top half finish.

It just makes you think how the -12 deduction wasn't even that bad. We've missed the opportunity to pick up more points. There were easily 3 or 4 games we should have won but didn't. That would have wiped out the extra deduction.

It would take something monumental from here. 

I think we have thrown away 14 points from winning positions this season already ! Most by any side in the league.

I think most DCFC fans are hacked off with the EFL.

That is the thing I regret most about Morris opting out - I would have loved to have seen him take on the EFL

and challenge their 9 point deduction. He did not think we should get any points deducted apparently.

I think he had a reasonable case.