Dai Capp

they have both said they're willing to compromise though (tiny positive) - massive negative though is that I'm not sure Q are capable of holding a place at that table. 

The good news is that due to the amount of pressure that's been focused recently on our plight Boro and Wycombe have both come out with preemptive strikes as PR exercises to try and justify their stances.
Bad news is that they've done that as clearly they both intend to press ahead with their claims.

I don’t mind not hearing from the administrators if they are actually doing something positive but I don’t know that they are.
people can have different views but I found it interesting that both Middlesbrough and the ambulance chaser at Wycombe were basically complaining that the administrators hadn’t been coming to them offering them money ! 
 
The real problem may well be that the EFL are bought and sold and frightened to death and controlled by Gibson basically 

I have many concerns about DCFC right now but one is this recurring theme of Q not communicating. We've had it from Kirchner, EFL, Boro, Wycombe, Radio Derby and other press.
I would have thought a fundamental part of the process would be open comms - it's all well and good having a plan for cross class cram down but just in case that didn't float, you'd surely be engaging with the claimants to have a backstop, regardless of whether you think they have a valid claim. 
I can't help but think between EFL and Q our future isn't in great hands and the Boro and Wycombe claims are being used by both as an excuse to cover their joint ineptitude.
 

I have many concerns about DCFC right now but one is this recurring theme of Q not communicating. We've had it from Kirchner, EFL, Boro, Wycombe, Radio Derby and other press.
I would have thought a fundamental part of the process would be open comms - it's all well and good having a plan for cross class cram down but just in case that didn't float, you'd surely be engaging with the claimants to have a backstop, regardless of whether you think they have a valid claim. 
I can't help but think between EFL and Q our future isn't in great hands and the Boro and Wycombe claims are being used by both as an excuse to cover their joint ineptitude.
 

I remember a few weeks ago I got right royally slagged for having the temerity to intimate that the lack of updates from the administrators was truly shocking. 
Funny how things change quickly don't they.

From everything i've seen, read and heard, they've been an abject failure. 
Taken too long to deal with the very clear issues that they face, or seemingly not even addressing some of the issues.
Dismissing Boro/Wycombe's claims, yet they're enough to put off a potential buyer, which should have been ringing alarm bells as to why they ARE an issue that needs resolving.
Not been proactive enough in trying to raise funds, whether that's selling assets and incurring short term pain for long-term gain (survival)
Pathetic 'promises' and deadlines which have never arrived.
 
They've been bloody useless.  

I think Parry is saying that Boro did sue them and they made it go away by promising to go after Derby. Parry may regret saying that if this plays out in court...

I think Parry is saying that Boro did sue them and they made it go away by promising to go after Derby. Parry may regret saying that if this plays out in court...

It certainly explains one thing. Once we’d explained our amortisation model to the EFL they basically said they didn’t like it, but it was legal. They warned us that we couldn’t count any future years where a load of stored-up amortisation dropped as an exceptional FFP item and we accepted that. Then all of a sudden, we’re getting charged for it…

I think Parry is saying that Boro did sue them and they made it go away by promising to go after Derby. Parry may regret saying that if this plays out in court...

Someone can use this as a starting point if they want...
Timeline of events, beginning with the introduction of financial regulation in the Championship.
1.       2012 - FFP Rules (monitored over 1 season) implemented
2.       24/05/14 - Derby lose to FFP cheats QPR in the Playoff Final
3.       November 2014 – P&S rules (monitored over 3 seasons) voted in to replace FFP rules for the 16/17 season onwards.
4.       Summer 2015 – Derby change amortisation policy for the 15/16 season (after discussing the change with the auditors)
5.       07/04/17 – 15/16 accounts are submitted to Companies House
6.       06/04/18 – 16/17 accounts are submitted to Companies House
7.       Spring 2018 –2016-18 P&S information submitted to EFL (within limits)
8.       12/04/18 – Revised 2016-18 P&S information submitted to EFL due to differences between FFP and P&S calculations (£5m over the limit)
9.       04/05/18 – DCFC placed under embargo
10.   May 2018 – Stadium valued at £81.1m (profits basis) and £74.4m (DRC basis) by JLL
11.   June 2018 – Discussions with EFL to agree on stadium sale and how much to be included in the accounts)
12.   28/06/18 – Stadium sold for £81m. Revised 2016-18 P&S information submitted to EFL (within limits)
13.   03/07/18 – Embargo lifted
14.   04/07/18 – EFL confirmation that DCFC met their P&S requirements for the 3 year period to 2018.
15.   15/02/19 – EFL Executive confirmation that £81.1m was fair value for the stadium.
16.   06/03/19 – placed under embargo for late submission of P&S statements
17.   29/03/19 – 2019 P&S statements submitted to EFL (within limits) and embargo lifted. New embargo placed on club due to being close to the limit.
18.   05/04/19 – 17/18 accounts are submitted to Companies House
19.   April 2019 - MFC queried, “in forceful terms”, the legitimacy of such a sale and leaseback arrangement
20.   15/04/19 – EFL query why amortization fluctuates so much between seasons.
21.   13/05/19 – Meeting between DCFC and EFL to discuss amortization, EFL stated “it is an acceptable accounting policy” with the EFL stating large future impairments are a risk for the club to take on
22.   24/05/19 – MFC submitted a claim against Derby, stating we cheated P&S by selling the stadium for too much and it wasn’t arms length.
23.   09/07/19 – MFC claim PPS should have been sold at a fair value of £22.8m
24.   11/07/19 – Embargo lifted
25.   30/07/19 – MFC officially threatened the EFL and DCFC with proceedings unless the EFL initiated disciplinary action against DCFC
26.   06/09/19 – MFC servered notice of arbitration to get profits from stadium sales excluded from P&S calculations (including those in the past)
27.   02/12/19 – EFL hired expert valued stadium at £42-50m. Expert had not visited the stadium but deemed the facilities to be “bog standard” and drew comparisons to Morecombe’s 6476 stadium with 3 terraced stands.
28.   16/01/20 – Derby charged with selling the stadium above it’s true value and for using improper amortization policy, resulting in exceeding P&S limits in the 3 years to 2018
29.   Early 2020 – Derby placed under embargo
30.   25/08/20 – DC cleared of overvaluing the stadium, found guilty for 1 of 5 particulars relating to the amortisation policy (not worded it adequately in the accounts), but insisted the policy was compliant with FRS102. DC panel consisted of accountants
31.   07/09/20 – EFL appealed against the DC decision
32.   07/09/20 – Boro started an arbitration against Derby and the EFL, in particular regarding the stadium valuation which allowed us to sign Waghorn
33.   22/10/20 – Boro’s application rejected
34.   30/11/20 – De novo hearing held and dismissed (EFL wanting draft 18/19 accounts submitted after DC decision to be considered)
35.   15/12/20 – EFL application for new evidence to be considered (18/19 draft accounts), dismissed 22/01/21
36.   July 2021 – LAP decision resulting in a restatement of 15/16 accounts onwards with a compliant amortization policy and a £100k fine. LAP did not consist of any accountants.
37.   22/09/21 – Derby enter administration
38.   16/11/21 – Administrators agree 9-point deduction due to EFL’s claim of a P&S overspend, a result of the EFL rejecting our new amortisation policy
 
Other noteworthy events:
EFL stated as wanting the points deduction against Derby to be applied in 20/21 to cause maximum punishment (relegation) when the season had already concluded.
Embargoes: 04/05/18-03/07/18, 06/03/19-11/07/19, early 2020-present

Options to resolve the impasse:
WW and Boro withdraw - political pressure, bad PR for their club, sponsor pressure, fan attitudes.
EFL change stance on these claims - unlikely
Administrators agree a price to settle, blackmail has won. Buyers may still regard the price too high and walk away.
Administrators move to have debts restructure by court order, at least 25 point deduction possibly expelled from the league.
Ultimately, we need someone to pay them off, or, win enough hearts and minds that the two malicious actors withdraw to save face. 
 

Powerful to hear him speak like that...

Anybody want one of my Derby/Bury half and half scarves I’m knitting. 

Powerful to hear him speak like that...

What all this activity is telling me is that since Friday the fans, the players and manager, MPs of both sides, local authorities, local businesses and now Curtis on Talksport have taken the fight on and shifted momentum. You don't have to spend long on social media to see the narrative has changed.
Now it's time for Quantuma to join the cause and show some fight for the club and if they don't we can presumably bring the same pressure to their door

The Boro statement isn't anything to be excited about, it's just a pacifier for their fans really but it does show that they're feeling a little uncomfortable, it opens the door and let's face it, it's not the first time we've heard about poor comms from Quantuma...

Powerful to hear him speak like that...

Powerful to hear him speak like that...

Without wanting to go round in circles, feel Q have a lot of questions to answer after the two statements (even if they've both appeared pretty ludicrous).
 
That being said, I feel like we are on the verge of all this getting resolved, whether it's one way or the other

As bad as that statement is (not losing six in a row helps you get promoted, lads), why would Quantuma not make contact with one of the key blockers to a sale for two months?

What all this activity is telling me is that since Friday the fans, the players and manager, MPs of both sides, local authorities, local businesses and now Curtis on Talksport have taken the fight on and shifted momentum. You don't have to spend long on social media to see the narrative has changed.
Now it's time for Quantuma to join the cause and show some fight for the club and if they don't we can presumably bring the same pressure to their door

What all this activity is telling me is that since Friday the fans, the players and manager, MPs of both sides, local authorities, local businesses and now Curtis on Talksport have taken the fight on and shifted momentum. You don't have to spend long on social media to see the narrative has changed.
Now it's time for Quantuma to join the cause and show some fight for the club and if they don't we can presumably bring the same pressure to their door

if so it’s interesting that she has tabled her motion to be heard today - she may well have told the EFL that is what she is doing hence that pathetic statement from the EFL last night.