StarterForTen

Hmmmm. So of that £50m black hole, £30m is owed to HMRC, who are not a preferential creditor - they'll be lucky to get 25% of that.

I'm not saying that is a good thing - its abhorrent to shirk responsibility to the public purse - but I can't help feel there are plenty keen to paint a darker picture than it might actually be in reality.

Taking on debts of circa £35m for Derby as a League One club wouldn't, in my opinion, preclude a sale. There is a crop of young talent that, in the right selling conditions, might cover a lot of that over the next few years.

1 minute ago, Carnero said:

Plus TV & broadcast rights income, sponsorship income, hospitality income, Fanatics income

And programme sales revenues.... oh wait, they can't be arsed with producing one of those.

They should do a 'Derby Till We Die' special for the Reading game at a fiver just as a one-off.

I spoke with a friend who is an insolvency lawyer last night, though he has never been a lead Administrator on anything of any size.

What he did suggest was that many Administrators look for a buyer who will support the administration period over a buyer who offers the biggest purchase pot. In other words, if prospective buyer A offers £10m for the business, but will put £500k a month in per month immediately to cover ongoing running costs shortfalls, that is far more likely to succeed than buyer B who would pay £15m but only at the completion of a successful sale.

I suppose it is the old 'bird in the hand' analogy playing out with big numbers.

38 minutes ago, kevinhectoring said:

The club’s real protection comes mostly from the stadium lease. I’d be interested if anyone on here knows whether this sort of lease can typically be revoked if the lessee goes into administration.

In all of the commercial property leases I have been party too there has been an insolvency clause that terminates the rights of the lease holder. Mind you, these have all been for relatively small office leases, not an £80m football stadium!

1984-85 was the first when I had to buy my own season ticket, having just got a job - Co-Op (Ley) Stand, Normanton wing.

So much to look back on with fondness... players wearing 1-11 for a start!

Arthur rebuilt the club, gave it an identity again and the team played with a system and with a purpose. We were the big wigs of that division, but there wasn't a single big time charlie in the dressing room.

Well, other than Charlie Palmer of course!

As far as I can work out, since the formation of the Championship (or, to be more accurate, the renaming of the First Division) in 2004, six clubs from that division have entered Administration, though some were relegated by the time they went in. The average time spent in Administration for those clubs was six and half months.

The likes of Leeds (2007); Southampton (2009) and Bolton (2019) were all in and out within three months, while Portsmouth (2012) were formally under Admin control for 14 months.

Staggeringly, since the turn of the century, there have been 35 'insolvency events' effecting EFL clubs (including Derby's brush with the Receiver in 2003) and, wait for this... 288 winding up petitions served, most often from HMRC.

Football is well and truly broken.

1 minute ago, Ambitious said:

We should be championing these young lads to move on, hopefully to good clubs that will help progress them going forward.

Really? That's a somewhat ironic statement given your Forum Name?!

4 minutes ago, curb said:

They have nine days to find c. £1 million to pay the players and staff.

what do you think the consequences of not paying players could be (hint - non fulfilment of fixtures)?

Do you think the players will all 'down tools' if they are not paid in full then? I would think the more likely consequence is another three points deduction added to our crime sheet for breach of the suspended penalty already imposed.

And remember, the club does have some revenues still - two home games in September will bring in some cash. The Administrator doesn't have to pay any of the historical debts if funds do not allow.

3 minutes ago, RoyMac5 said:

Like we did to Wigan with Byrne and Marshall. ?

Perhaps not quite the same. They were acquired in an open transfer window; Byrne in particular had been 'on the market' for quite a while when he signed for Derby.

Pure speculation but I think we'll have a 'preferred bidder' by November, and if that is the case, they will not want to see the best talent leaving the club for peanuts. They are more likely to consider some funding even before the deal is finalised - that has happened at other clubs that went through an insolvency event.

2 minutes ago, Bob The Badger said:

Any administrator will be looking to secure the kong term future of the club, plus they are working under different rules because of the EFL.

So letting saleable players go for free to reduce the overhead when they can sell them in January is just not going to happen.

Absolutely. We have to remember that Administrators are very keen to maintain incomes as well as mitigate costs. Giving players away just to get them off the wage bill makes very little commercial sense and would be an absolute last resort.

If Administrators are appointed in the next couple of days, as the media is predicting, we'll have 100 days until the January transfer window... and 'open season' for our young talent if we are still without a new owner.

With the points penalties that appear to be coming the way of the Club, realistically this season is a write off, but losing the young talent for fire-sale valuations will set the Club's recovery back by years.

Isn't it ironic that many of us were counting down to January 1st in the hope that we'd be able to strengthen the team - now the boot is on the other foot!

Don’t care. Just going to cheer the foo king lads on until my throat is raw. 

Results are transient; support is forever. 

COYR

Can't predict this one, other than I'm pretty sure it starts: Derby County 0.....

19 minutes ago, Van der MoodHoover said:

Unfortunately, the trigger for all of regulation 85s terms to kick in is the EFL sending their letter. 

Until they do so, 85 is not live (campaigning slogan?) and we have no means to unilaterally trigger it by, for example, sending a preemptive refusal to accept any sanction offered by the EFL... 

 

It really is a form of tyranny.... ?

Which means the club can be held in a  continuous loop of 'negotiations' while sitting under the terms of a transfer embargo they have no means of getting out of. Nice.

13 minutes ago, Gaspode said:

It's really not worth spending time getting wound up over speculative bull* from media outlets - wait for the club or the EFL to publish something concrete....

Concrete bull*... sounds painful for the bulls

Perhaps we should look at the games to January and the opening of a new transfer window? There are 18 to play until then and I’d say we need to be on at least 20 points net of any punishments to be in the survival mix.

If by Jan 1st we were through the EFL mangle, free to do some trading and on at least 20 points, I’d say we had a decent chance of staying up.

Sadly, I see it all unravelling tonight.

WBA 5 - Derby 0

Red card for Lawrence

What Rooney is currently being asked to do is the equivalent of Mercedes F1 asking Toto Wolff to build a new car out of the British Leyland parts bin... then complaining because it doesn't look very pretty.

Right now, we are the Allegro estate of the Championship - so little point complaining about the russet brown paintwork and beige velour interior.

Apparently, Umbro call the colours Parachute (purple) and Primrose (yellow) - quite appropriate for a club in free-fall !!

6 minutes ago, Ghost of Clough said:

Surely will be appealed

He's already accepted the automatic punishment of three game ban

21 minutes ago, Ramarena said:

The first team are around mid table standard, maybe could challenge for top 8 with Beilik fit for a whole season. Nowhere near as bad as some have tried to portray!

Unless you think Beilik is capable of scoring 20 goals-a-season, he is NOT going to make our best XI a top 8 side!

To claim we could be mid-table is optimistic in my opinion as we simply do not have enough goals in the squad. Four League goals in five games - against sides that will most likely finish in the bottom half of the table - suggests a similar goals return to last season over the season and that is not enough to be competitive higher up the league.

I do agree that the way the team has played in the opening month has been refreshing but I can't help but feel that wins on a regular basis will be very hard to come by.

2 minutes ago, Carl Sagan said:

That's terrifying. Sadly it looks legit. Do you have a source?

Go on the EFL website and search embargo and you’ll find the details. 

3 minutes ago, Ramos said:

I mean I meant by 11pm tonight, I’d like to think by jan 1 it will be resolved! 

I wouldn’t count on it!

Apparently Bobby Duncan’s loan to Plymouth has been pulled as they wanted to take him for six months and that would have meant returning in January as a player of professional standing. We seem to be in this for the long haul!

Just lifted the below from the EFL website. So, if a first team player was to leave today, we'd need to sign a replacement before the window closes as the staffing up option drops from 23 players Professional Standing to 16 once the window closes. I was thinking getting rid of a player or two today might give us a couple of spots 'in the bank', but no....

Under what circumstances can a Club operating under an Embargo sign players?

Outside of a transfer window, Clubs can only register Out of Registration players (free agents) and Clubs can only register Out of Registration players if they have less than 16 players of Professional Standing (2x Goalkeepers, 14x Outfield Players)