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Stedcfc

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Posts posted by Stedcfc

  1. 5 minutes ago, rammieib said:

    Forgetting the ridiculousness of the Boro and Wycombe claims but surely, if you're Steve Gibson, you would want a new owner to take over as its the only way Derby have any cash in the future to actually pay him?

    At the moment - if the legal claims are halting the takeover and Boro/Wycombe are hoping to get an Agreement and that puts them onto a creditor position, well, even a few million is basically going to wipe Derby out as I don't see a bidder accepting this, so we liquidate.

    If the takeover can happen, with Appleby accepting the risk, it surely adds cash flow into the club, takes us out of admin and then the legal case can take place.

    I really don't understand what is happening unless 1) Appleby wants the legal cases resolved before he takes over (but then that contradicts some recent comments he's made about being ready) and 2) there is no other formal bid on the table.

    We've surely got to the point now where The Admins just have to put everything on the table and be completely transparent?

    I'm pretty sure the issue here is that its very unlikely that Boro would win the case in court, but its also possible that the bidders aren't willing to take on the club with this potentially enormous liability hanging over us that they would have to pay if Boro did win in court. This leaves us in a position where we have to settle out of court to proceed with a sale. Therefore its perfect for Boro to push us now and get some money from us from their point of view.

     

    I think its highly likely that the bidders offers include something that the admins are struggling to meet. Either the money they are offering doesn't meet the creditors requirements and they aren't willing to accept their pence in the pound offer, or their offers are based on the legal issues being resolved (which they aren't) and we can't resolve them because we have no cash. Appleby being ready and the club being able to meet the terms of his offer are different things I guess.

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