HuddersRam

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?

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?

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."

Really worth a listen to both MPs. MB very passionate and sounds like she will stop at nothing now to take this on. She felt personally insulted by the EFL due to conversations they’d previously had behind the scenes. 

I've spoken with David Conn this morning (Guardian) who was absolutely vital in the unearthing of the Three Amigos saga. They're looking to ensure they'll be reporting the situation within their team.

The dig at efl at end go on Curt ??

It's just a generally awful statement. Supposedly rushed through tonight, pass the buck back onto Quantuma and give a 'Nothing to do with us' sort of response. 
A late night statement ain't the sign of an organisation in a decent position. We made enough of them to know that. 

It's just a generally awful statement. Supposedly rushed through tonight, pass the buck back onto Quantuma and give a 'Nothing to do with us' sort of response. 
A late night statement ain't the sign of an organisation in a decent position. We made enough of them to know that. 

It's just a generally awful statement. Supposedly rushed through tonight, pass the buck back onto Quantuma and give a 'Nothing to do with us' sort of response. 
A late night statement ain't the sign of an organisation in a decent position. We made enough of them to know that. 

Probably. Heard from a very good source (that lives in the same row of houses) that he sold his place down in Sandbanks as well, where the average house price is a cool £1.5m. 

I've spoken with David Conn this morning (Guardian) who was absolutely vital in the unearthing of the Three Amigos saga. They're looking to ensure they'll be reporting the situation within their team.

I've spoken with David Conn this morning (Guardian) who was absolutely vital in the unearthing of the Three Amigos saga. They're looking to ensure they'll be reporting the situation within their team.

They just hoped verbose waffling would mask the panic. If anything it just illuminates their own failings.
 

It's just a generally awful statement. Supposedly rushed through tonight, pass the buck back onto Quantuma and give a 'Nothing to do with us' sort of response. 
A late night statement ain't the sign of an organisation in a decent position. We made enough of them to know that. 

It's just a generally awful statement. Supposedly rushed through tonight, pass the buck back onto Quantuma and give a 'Nothing to do with us' sort of response. 
A late night statement ain't the sign of an organisation in a decent position. We made enough of them to know that. 

That statement is brimming with bravado but is underpinned by a retreat of position that an Italian army division would be proud of.

Squeaky bum time for the EFL now and I think we’ll all have Sports Direct mugs in the post with our season ticket renewal info by the end of the month.

Agree. Late night post = a rocket up their a$$e$ and trying to justify complete nonsense 

It's Colin I feel sorry for. A surname tarnished

Our Council tax is going up. 

I've spoken with David Conn this morning (Guardian) who was absolutely vital in the unearthing of the Three Amigos saga. They're looking to ensure they'll be reporting the situation within their team.

I've spoken with David Conn this morning (Guardian) who was absolutely vital in the unearthing of the Three Amigos saga. They're looking to ensure they'll be reporting the situation within their team.

I've spoken with David Conn this morning (Guardian) who was absolutely vital in the unearthing of the Three Amigos saga. They're looking to ensure they'll be reporting the situation within their team.

I've spoken with David Conn this morning (Guardian) who was absolutely vital in the unearthing of the Three Amigos saga. They're looking to ensure they'll be reporting the situation within their team.

I've spoken with David Conn this morning (Guardian) who was absolutely vital in the unearthing of the Three Amigos saga. They're looking to ensure they'll be reporting the situation within their team.