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mike93rh

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  1. Clap
    mike93rh got a reaction from RoyMac5 in Derby v Cambridge Match Thread   
    No Sibley, no party.
    He must be thinking about leaving asap. Can't develop as a youngster without a decent run of games, in your best position. 
  2. Sad
    mike93rh got a reaction from InstaRam in Derby v Cambridge Match Thread   
    No Sibley, no party.
    He must be thinking about leaving asap. Can't develop as a youngster without a decent run of games, in your best position. 
  3. Clap
    mike93rh got a reaction from Carl Sagan in Derby v Cambridge Match Thread   
    No Sibley, no party.
    He must be thinking about leaving asap. Can't develop as a youngster without a decent run of games, in your best position. 
  4. Clap
    mike93rh reacted to Marriot Ram99 in Derby v Cambridge Match Thread   
    Disappointed there's no Sibley,  looking like there's  a lack of creativity. 
  5. Clap
    mike93rh reacted to Carl Sagan in Derby v Cambridge Match Thread   
    And today's bunch of disreputables is:
    No Sibs. Still. He had one game on the wing to prove himself, coming back from injury. That's fair...
  6. Haha
    mike93rh reacted to Pottig in Match Thread: (A) Peterborough United   
    Warne out.
  7. Haha
    mike93rh reacted to oodledoodle in Match Thread: (A) Peterborough United   
    Always rated warne. Never had any doubts
     
  8. Haha
    mike93rh reacted to bcnram in Match Thread: (A) Peterborough United   
    Cashin has been a disaster. 
  9. Clap
    mike93rh reacted to Parsnip in Paul Warne appointed as Head Coach   
    Great news this!
  10. Like
    mike93rh got a reaction from 48 hours in Oko Flex gone Swansea   
    We should be bending over backwards to get this one over the line 
  11. Haha
    mike93rh got a reaction from ariotofmyown in Oko Flex gone Swansea   
    We should be bending over backwards to get this one over the line 
  12. Clap
    mike93rh got a reaction from Andrew3000 in Oko Flex gone Swansea   
    We should be bending over backwards to get this one over the line 
  13. Cheers
    mike93rh reacted to WhiteHorseRam in The Administration Thread   
    I am sure he is a lovely lad, but many here are at the end of their rope.
     
    Time for facts.
  14. Cheers
    mike93rh reacted to The_Sheriff in The Administration Thread   
    Whoever saves this club is a hero to me! 
  15. Haha
    mike93rh reacted to Rev in The Football Creditor rule is explicit, simple, and solves all of Derby's issues   
    Who wrote that for you?
  16. Clap
    mike93rh reacted to David 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."
  17. Clap
    mike93rh got a reaction from jimtastic56 in The Administration Thread   
    We're in administration, why are you confident we have funds to prove? 
  18. Like
    mike93rh got a reaction from mrdave85 in The Administration Thread   
    This. 
    The madness ends today if admins name Appleby preferred bidder. Just do it? What am I missing? 
  19. Cheers
    mike93rh reacted to mrdave85 in The Administration Thread   
    Yes, the EFL are poo. But I don’t understand how this is EFLs fault?
     
    Admin haven’t named a preferred bidder to start the takeover, so we don’t have any funds coming in?
    Are the EFL stopping Admins from doing that? Genuine question. 
  20. Like
    mike93rh got a reaction from RadioactiveWaste in The Administration Thread   
    We're in administration, why are you confident we have funds to prove? 
  21. Haha
    mike93rh reacted to hintonsboots in The Administration Thread   
    Every cloud….
    If it goes on much longer Quantuma will be wealthy enough to make a bid.
  22. Haha
    mike93rh reacted to TuffLuff in The Administration Thread   
    Bring back the fake Nixon I say, he was a lot more positive
  23. Clap
    mike93rh reacted to UTFR in The Administration Thread   
    because no one will buy a season ticket for a club that might not exist next season
  24. Haha
    mike93rh reacted to hintonsboots in The Administration Thread   
    This imminent claim is in absolute ruins. ?
  25. Haha
    mike93rh reacted to Ramarena in The Administration Thread   
    Dorries, we’re better off fending for ourselves!
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