Abu Derby
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Abu Derby reacted to GboroRam in The Administration Thread
"Derby County administrators break silence"
Followed by no quotes from the administrators. Thanks Derby Telegraph
https://www-derbytelegraph-co-uk.cdn.ampproject.org/v/s/www.derbytelegraph.co.uk/sport/football/transfer-news/Derby-county-transfer-news-administration-6513403.amp?amp_gsa=1&_js_v=a8&usqp=mq331AQIKAGwASCAAgM%3D#amp_tf=From %1%24s&aoh=16426823831800&csi=0&referrer=https%3A%2F%2Fwww.google.com&share=https%3A%2F%2Fwww.derbytelegraph.co.uk%2Fsport%2Ffootball%2Ftransfer-news%2Fderby-county-transfer-news-administration-6513403
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Abu Derby reacted to Rammeister in The Administration Thread
Nice; this goes some way towards me forgiving them for the 6-0 F.A. Cup final defeat in 1903.
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Abu Derby reacted to SuffolkRam in CALLING MEL MORRIS
He must do, this whole debacle comes from the decisions he made.
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Abu Derby got a reaction from SKRam in CALLING MEL MORRIS
It’s transpired that Mel wasn’t really ‘one of our own’ and was actually our worst ever enemy.
I don’t know how he can sleep at night.
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Abu Derby reacted to JuanFloEvraTheCocu'sNesta in The Administration Thread
The EFL and Boro will not like the fact their backroom deal is being thrown in to the spotlight. Need to keep pushing on that.
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Abu Derby reacted to RadioactiveWaste in The Administration Thread
Latest on the radio Derby bid:
Andy Twigg to be CEO
Sally Pepper to be football director
Money believed to have come from crypto
Radio Derby bid team confident that Ed Dawes will act as legal council after his interview with Couhig
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Abu Derby reacted to Sparkle in The Administration Thread
For the sake of all football in all leagues it simply can’t happen - there can be no payment at all
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Abu Derby reacted to Andicis in The Administration Thread
Absolutely. The Wycombe owner came on Radio Derby to directly try to convince Derby fans to take the spotlight off of him. This is absolutely why we need to keep it up
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Abu Derby reacted to WhiteHorseRam in The Administration Thread
I am no football finance expert, but my view is if M'boro and Wycombe get any cash out of us football could well be doomed.
This would set a precedent. Anytime a club doesn't win the FA Cup, fails to qualify for the Champions League, gets relegated or misses out on promotion, a serious and prolonged legal effort would ensue.
Why would you not? Membership of the PL or the Champions league is mega bucks and worth a few million to get some suits in.
The situation would deteriorate into something akin to League level VAR, but with accountants and lawyers rather than sweaty nervous refs and screens.
I don't want us to pay any money to these two clubs. I especially don't want to pay any money, are strong-armed into it to get a new buyer, to avoid going down the drain.
If, however, we have to pay compo, I want to see ALL dodgy dealings across all leagues equally scrutinized and compo paid to any aggrieved parties.
Going back to 1945 - that would be fair.
And while you are at it, why not explore the origins of ALL money spent and churned through the game. I would love to see where some PL clubs money comes from. Also, who owns what, interest rates on loans, loans to share holders, etc.
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Abu Derby reacted to StaffsRam in The Administration Thread
You’ve done well when you’ve wrought more damage than Robert Maxwell and Jeremy Keith. What a legacy…
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Abu Derby got a reaction from RoyMac5 in Rob Couhig on Sports Scene at 6
I’d have took him out in the studio live on air.
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Abu Derby reacted to TheDeadlySaul in Rob Couhig on Sports Scene at 6
How has football turned to this? Zero regard for the fans just a bunch of millionaires and billionaires trying to squeeze money out of anything they see as a means for more wealth.
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Abu Derby reacted to StaffsRam in The Administration Thread
Fair play to Middlesbrough, they’ve been trying to win things on the pitch for 145 years without success. Inevitable that one day they’d have to try something else.
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Abu Derby reacted to DantheRam90 in The Administration Thread
This part makes me laugh "had Derby County not cheated, MFC would have been in the play-offs. However, Derby County did cheat and, as a result, MFC lost the opportunities that arise as result of that"
So it had nothing to do with their poor form towards the end of that season? Absolute Bamfords!
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Abu Derby reacted to Day in The Football Creditor rule is explicit, simple, and solves all of Derby's issues
Three parties have made offers, any one of which would allow the club to exit administration with a substantial payment to creditors.
These offers need clarity, that the claim by Boro and the potential claim by Wycombe do not qualify as Football Creditors.
The football creditor rule is not defined in the EFL regulations, it is part of the Articles of Association of the Football League Limited, of which all clubs are minority shareholders (the golden share).
The football creditor rule is in Article 48, which clearly defines what constitutes a football creditor, copied below from Companies House.
The rule clearly states that it is to cover payments of "debts due". How possibly, can an unproven, unquantified claim such as Boro's be consider a debt due?
If the EFL is suggesting that any claim by a football club or employee, which is unproven, should be classified as a football creditor it would create mayhem. And, bona fide football creditors with debts due, and other preferential and unsecured creditors would lose out as a result.
The EFL can't have this both ways. If they choose to say Article 48 does not qualify Boro's claim as a football creditor the EFL are suggesting they might be sued by Boro.
However, if they choose to say that Article 48 should be interpreted (which is a wild stretch) in a way that Boro should be classed as a football creditor then it is almost certain that the EFL would be sued by the Administrators and the creditors including genuine football creditors, and HMRC for their easily quantified losses.
The EFL also risk being sued under section 994 of the companies act for acting prejudicially against the interests of a minority shareholder of the football league ie. DCFC.
We need to apply pressure on the EFL to get off the fence, see that their actions alone are preventing the Administrators from getting a deal agreed.
Article 48 says that Boro's claim cannot be a football creditor and the EFL must state that and stop this nonesense.
"48 FOOTBALL CREDITORS
48.1 Where a Member Club defaults in making any payment due to any of the following persons,
the Member Club ('Defaulting Club') shall be subject to such penalty as the Board may decide
and subject also to Article 48.2:
48.1.1 The League, The FA Premier League and the Football Association;
48.1.2 any of the Pension Schemes;
48.1.3 any Member Club and any Club of The FA Premier League;
48.1.4 any holding company of The League and any subsidiary company of that holding
company;
48.1.5 any sums due to any full-time employee or former full-time employee of the Member
Club by way of arrears of remuneration up to the date on which that contract of employment is
terminated. This excludes for these purposes all and any claims for redundancy, unfair or
wrongful dismissal or other claims arising out of the termination of the contract
or in respect of any period after the actual date of termination;
48.1.6 any sums due to the Professional Footballers Association in repayment of
an interest free loan together with such reasonable administration and legal costs as have been
approved by the Board;
48.1.7 The Football Foundation;
48.1.8 The Football Conference Limited trading as "the National League";
48.1.9 The Northern Premier League Limited;
48.1.1O The Isthmian League Limited;
48.1.11 The Southern League Limited;
48.1.12 Any member club of the League or organisations listed in Articles 48.1.8 to 48.1.11
inclusive;
48.1.13 Any County Football Association affiliated to The Football Association; and
48.1.14 Any Leagues affiliated to The Football Association and any clubs affiliated to any
County Football Association recognised by The Football Association.
48.2 Subject to the provisions of Articles 48.3 and 48.4, the Board shall apply any sums
standing to the credit of the Pool Account which would otherwise be payable to a
Defaulting Club, in discharging the creditors in Article 48.1. As between the Football
Creditors, the priority for payment shall be in accordance with the order in which those
Football Creditors are listed in Article 48.1.
48.3 If, having discharged all Football Creditors in any preceding class of Football
Creditor (as
· required by Article 48.2) the sum then available is not suffident to discharge in full the
Football Creditors listed in Articles 48.1.1, 48.1.2 or 48.1.4 the Board will decide the
allocation.
48.4 If, having discharged all Football Creditors in any preceding class of Football
Creditor (as required by Article 48.2) the sum then available is not sufficient to discharge in
full the Football Creditors listed in Article 48.1.3, 48.1.5, 48.1.12, 48.1.13 or 48.1.14 the sum
will be allocated pro rata amongst the creditors of the same class.
Note - Clubs are reminded that any assignment of future entitlements from the pool account are
subject to Article 45 and this must be brought to the attention of the other party. Furthermore
assignments must be in legal form and registered with the office. Assignments are given priority
according to the date and time of registration."
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Abu Derby got a reaction from jimtastic56 in Wayne Rooney
Telegraph says Belgian FA are refusing permission to talk to Martinez.
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Abu Derby reacted to nottingram in The Administration Thread
Also an admittance, from themselves, that their “Articles and Insolvency Policy” is open to interpretation.
What are they doing? How can they have so many regulations that are open to interpretation, and if it is, how can Quantuma’s interpretation of it be wrong?!
Utterly, utterly incompetent and a stain on the sport.
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Abu Derby reacted to Rammy03 in The Administration Thread
Does Gibson seriously believe Boro would have gone up? There's no chance they would have beat Leeds and Villa. Middlesbrough weren't good enough. End of.
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Abu Derby reacted to Miggins in The Administration Thread
Bless Tom Lawrence who says he desperately wants to stay at the club but will understand if he has to be sold to help to secure the future of the club. I really hope he is able to stay.?
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Abu Derby reacted to Bald Eagle's Barmy Army in The Administration Thread
Because the EFL can't get involved with anything to do with a Premier League team.
The question should be 'Why didn't Middlesbrough sue Derby in 2019'. The answer, because we didn't have a noose around our neck like we do now.
This whole debacle is like 10 bullies at school picking on one lad and they think it's funny, until the lad shows up with Cobra Kai.