Half Fan Half Biscuit

Just now, EnigmaRam said:

That was the requirement to keep the club running from back in December. Since we’ve now sold players, there is enough funds to complete the season. So the £5 mil wasn’t required 

OK. I had thought it was supposed to be a statement of intent and to make it less likely PB would drop out later.

Remind me to book a seat on a front row so I can actually see the game.

Wasn't the preferred bidder supposed to deposit a non-refundable £5 mill?

Or has that been conveniently side-stepped?

5 minutes ago, Mr. P said:

Think the administrators have rushed this announcement. They need to take a breather & have a long think about it.  It’s all going surprisingly too quick. 

I take it you are being sarcastic. 

At least CK won’t have to return the coat. 

5 minutes ago, The Big One said:

Just had that weird period where they paid the likes of Liam Moore and Sam Baldock £35k a week, absolutely crazy.

Sam Baldock was paid over £1.8 million a year?

That is crazy. 

10 minutes ago, Rev said:

For all we know, Mel could still be meeting the repayments on the ground, after all he owns it.

But that's the point - under the terms of a fixed charge the original owner has no control over the asset once the charge is enforced.

And a fixed charge has preference over a floating charge.

The floating charge MSD have is there to mop up any shortfall should the amount raised from selling the assets subject to the fixed charge not be enough the pay the lender off.

So if bidders are only prepared to offer £2m for the ground (as in the case of Binnies), the remaining £20m (and rising) owed to MSD would surely have to come out of the other money offered, leaving peanuts for HMRC after football creditors have been paid and sod all for non-preferential creditors. 

Haven't read through the terms of the various charges so may be on the wrong track but . . .

Hasn't the Club going into admin effectively crystallised the fixed charge on the stadium so this is effectively under the control of MSD?

If the stadium is under the control of MSD, Mel can't do anything with the stadium without MSD's approval.

On 24/12/2021 at 13:45, Ramos said:

 

 

 

 

Totally confused by all this.

In a recent update didn't one of the MPs say the stadium wasn't the issue?

Don't think Quantuma would make good estate agents. Many house put on the market are advertised at "offers over £x".

Couldn't they have told bidders the base price was £50m including stadium - don't bother if you're not going to come in with a figure less than that? Would have saved a lot of time and effort (and admin fees).

And wasn't the original Binnie bid near that anyway in that they were prepared to lease the stadium and sort it out later?

And didn't they have someone lined up on 24 December some 3 months ago so why are the farting around still trying to get acceptable bids? 

On 27/03/2022 at 20:23, Alpha said:

"It's not fair!!!"

- Verstappen delivering his stroppy teenage tantrum for this weeks race. Tune in next week for the next instalment 

He didn’t complain when he sneaked six tenths out of Leclerc’s lead under the virtual safety car. 

24 minutes ago, Curtains said:

Of course it’s wrong. 
 

Mel is just helping the PB to ease it through with the Stadium .

Mel isn’t coming back to takeover 

Would the EFL even let him pass the fit & proper test?

Likely Morrison won't feature if he's been with playing in Jamaica on Thursday?

8 minutes ago, Dethorn said:

I do not think Frank Lampard as a person would ever throw anything in his life, if you cannot see anything else positive in him you must see that he has integrity surely ???????!!!!!!!!????

Whether intentional or not he definitely threw it away with the starting line up.

30 minutes ago, TheresOnlyWanChope said:

Maybe Anya had some off field issues. I didn't see much of him, he looked pretty good in the matches I saw. He didn't play much though did he for whatever reason. 

Maybe Watford said "if you want Vydra you've got to take Anya as well".

I seem to remember when he arrived, Pearson said he didn't know anything about him.

1 hour ago, Carl Sagan said:

In the previous 1073 pages this may have been covered, but why don't the administrators simply give a final deadline for bidders (a sort of sealed bids scenario) and then take the highest, name them as the preferred bidder and proceed with the sale?

I thought they had someone lined up in December. 
 

Then I thought there was a deadline for bids a few weeks ago. 
 

Chelsea for sale for 60x what we were supposedly worth and the deadline for bids is tonight. 
 

I’m starting to believe that Q don’t have a Scooby what they’re doing. 

Derby 1 Coventry 0 FRGS Lawrence

So were Binnies expecting to get the stadium for £0 ?

35 minutes ago, PistoldPete said:

That’s what rule 4.4 is about.

I must be looking in the wrong place. 
 

Just been on EFL site and looked at regulations for the 2021/22 season and section 2 seems to finish at regulation 4.3 ???

 https://www.efl.com/-more/governance/efl-rules--regulations/efl-regulations/section-2---membership/

6 minutes ago, Tyler Durden said:

Am sure we owe HMRC over 40 million not 28 million as you've quoted but will bow to your superior knowledge if that is the case 

Statement of affairs shows DCFC owes £26m for PAYE and 554k for VAT. Academy owes £914k for PAYE. Sevco 5112 owes £657k for PAYE. So that’s just over £28m. 

14 minutes ago, RadioactiveWaste said:

Well, they'll be a football creditor in the liquidation I guess....

But going by that tweet earlier in the thread, the EFL can only fine the club, the charge is the club did not control their players (it's a bit vague, like "breach of the peace").

if the club take internal action (i.e. docking players wages to cover it) that's up to the club.

The £10k fine is from the FA. 

Are we expecting the EFL to muscle in on this as well?

19 minutes ago, Sparkle said:

The BBC one was basically saying that the two parasite club owners will accept about £7 million between them for their fantasy claims - remember the radio twit Simon Jordan banging on about the figure being much lower as in would accept after chatting to the Middlesbrough parasite than the reported combined  £51 million 

Obviously no bidder will take on any extra costs especially spurious claimed costs.

Could be £6 million  for Wycombe and £1 million for Borough?

From BBC

Derby County: Potential buyer fears club is heading for liquidation

13 hours ago, Rambalin said:

For those pointing fingers on the second goal the lino could have no idea who headed the ball... Luckily no var....and for the overhead point them to this and Mengi did not pull away from the challeng

What exactly is the high boot rule in football

There actually is no such rule.

The IS a part of Law 12: "Playing in a dangerous manner "

Law 12 says:

Playing in a dangerous manner is defied as any action that, while
trying to play the ball, threatens injury to someone (including the player
himself). It is committed with an opponent nearby and prevents the opponent
from playing the ball for fear of injury.
A scissors or bicycle kick is permissible provided that, in the opinion of the
referee, it is not dangerous to an opponent.

 

If Mengi wanted to get his head in the way of a flying boot surely that’s his prerogative. Didn’t have to go for the ball. 
 

Anyway no connection and his hand was probably still smarting from his goal line save earlier. 

4 hours ago, Anag Ram said:

No!

Not Barry as well!

Truly witty and entertaining man. A huge loss to comedy.

 I wonder if this will mean the end of ISIHAC?

I doubt it. He hasn’t been on as much recently. 
 

But definitely a huge loss to comedy. 

5 minutes ago, PistoldPete said:

Someone quoting Martin repton mp saying news on takeover this afternoon.

Appreciate you taking the time to dive into DET website and save me the brother of wading through a million adverts to read a few paragraphs of their latest “breaking news”