Arsene Titman
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Posts posted by Arsene Titman
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Nixon’s update this a.m.
- admins struggling to get bidders to pay what is needed to avoid administration.
-highly unlikely that a deal will be done before June wages due.
-admins talking to one party that is part of a bidding group and that one party is willing to pay the monthly payroll c.£1.6m. This gives breathing space, avoids 3 points deduction and might help Rooney keep some players.
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1 hour ago, maxjam said:
If its 8 rather than 5, thats hardly any better.
It’s worse- the players listed by Carnero as first team squad actually only add up to 7
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19 minutes ago, Kuskus said:
I don’t know if this has been mentioned already but seen this on East Midlands today:
Apparently this is Andy Appleby’s bid and you can watch it in BBC iplayer.
I imagine MM will stick out for his original figure. Is it £22m of a little more?
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1 hour ago, Ambitious said:
Based on that, I would advise that we will be taking another point deduction next season. We shall wait and see, but definitely seems like it's going in that direction.
Not sure I see your reasoning. If the creditors are paid in I one year, rather than over 3, then that saves the buyer 10% because they are paying creditors 25% rather than 35% of what is owed to them. If true, there is another saving available because Nixon’s article also says that administrator’s fees are negotiable ( although HMRC deal is not). Nixon is saying that the various bidders believe that the CK bid was actually too high and are looking at ways of trimming it. If the savings can be made then a points deduction should be avoided
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Nixon also saying in the article that deal with HMRC is non negotiable but that admin fees are. Plenty to go at on that front then.
- RadioactiveWaste, RoyMac5, Crewton and 1 other
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4 hours ago, Unlucky Alf said:
That's the Thing?
4 hours ago, Caerphilly Ram said:The surplus left hand may belong to Mrs Ince- not sure what she’s doing with her right hand though.
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Good news
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Update from Nixon:
Funds not arrived from CK
No acceptable offers that avoid points deduction
“ However I can reveal that one new businessman has been in dialogue and is working on the numbers.
The interested party has experience in sport and has shown the wealth needed. He has yet to go through the updated figures but there is some hope he may commit.”(ignore the Pistold Pete thing below)
2 hours ago, PistoldPete said: -
10 minutes ago, JPRamFan said:
Why was 1pm suppose to be a deadline?
It wasn’t . Nixon reported that CK says the funds will arrive today, one way or another. No time was stated.
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6 minutes ago, Arsene Titman said:
It’s happening tomorrow. Birch is “at war” with Quantuma and wants to find out what is holding up CK’s funding
2 minutes ago, rsmini said:Curious as to who exactly is he going to visit at Derby? Be better visiting the Administrators office
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1 hour ago, Flying Fokker said:
(1) Sky Sports News on Twitter: "Sky Sports News has been told that two of the concrete offers to buy Derby County are “not easily resurrectable”. If Chris Kirchner’s deal to buy the club falls through, there is real danger the club could be liquidated. https://t.co/wm9QkNVkIQ" / Twitter
(1) Elias on Twitter: "EXCL: Slync,io, the company for which Chris Kirchner is CEO, is behind on payroll payments to at least several of its employees. The company also owes NHL franchise Dallas Stars around $800k in sponsorship money That and much more in the piece ⬇️ #DCFC https://t.co/RnE17il82F" / Twitter
CK put the payroll issues down to a software glitch but has said nothing about the 800k dollars he owes to Dallas Stars. I’m not convinced he has the money to sustain the club beyond the short term, or possibly even over the short term. I would like to see Steve Morgan as our new owner.
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8 minutes ago, TuffLuff said:
Between Nixon, Dawes and Percy I think it’s relatively straightforward to navigate what’s currently happening.
Exclusivity should have ended yesterday, with Ashley and Appleby being interested in refreshing bids. Admins have extended the exclusivity to process the funds but are open to that ending of the money isn’t forthcoming soon.
Personally, and maybe less straightforward. I think Nixon is annoyed he’s lost the narrative. He held back the info about exclusivity ending which allowed Dawes in on what was a pretty big development. Ed took it and ran with it, releasing info that Kirchner’s side probably didn’t want to be released publicly. Nixon has then spent the best part of the last couple of days trying to claw it back, to the point he went on talksport at 6.30 this morning letting more info out then he would usually write in the paper.
Everyone’s narrative is somewhat correct, but I do think Nixon held back an important bit of info Derby fans needed to know and has been caught out because of it
I heard Ed Dawes live releasing the news about exclusivity. I went on Twitter immediately and found that John Percy had released the same news 2 minutes earlier. Unless I am missing something, Nixon has not said that CK exclusivity is withdrawn.
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4 hours ago, Ambitious said:
How anyone can still stand by what Mel Morris did is absolutely staggering. There is no a place dark enough on this planet for that man's soul to heal.
Truly one of the most repugnant human beings to ever walk this planet and this City is far worse off for having him steal oxygen here for far too long.
I think there is a need for some balance here. I do agree that Mel is the villain - he put us into administration when he had previously vowed to continue financing us until he could sell the club, and he left us with a lot of debt. If the information we are given is correct, he is also not asking for repayment of £135,000,000 of loans to the club and he has sold the ground for £23,000,000 ,although it was valued at £81,000,000, which will be used to pay off his debt to MSD. He was naive and got out of his depth in trying to get us to the promised land but for you to say that he is “Truly one of the most repugnant human beings to ever walk this planet” is ridiculously over the top. I hope I never come before you in a court of law.
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6 minutes ago, RAM1966 said:
Thats true, but, something this big, I would of thought he would be here in person. Its a long way off, he's gone too quite, remember the Ram emoji the morning he was made PB?
He's hardly a shrinking violet, its going to be all about him, if he does by some miracle land the deal.
Im sure his press people are preparing the, blame MM for not being prepared to sell the ground for a dustbin lid statement.
The impass was just to great to get a deal done.
I am sure there are plenty on here wishing you were a shrinking violet.
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1 hour ago, IslandExile said:
You are missing the point I was trying to make.....
Whatever happens - or doesn't happen - today, my bet is that we will all be here refreshing our browsers for the news and there won't be any official announcements. It will all be silent.
Correct me if I am wrong, but doesn’t the exclusivity for CK expire at midnight tomorrow? I can’t see the administrators setting that deadline unless relevant people are available to be involved tomorrow.
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According to the Derby Telegraph, Sky Sports are now reporting that MM is prepared to agree a leasing deal on the stadium.
- ariotofmyown, Indy and r_wilcockson
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6 minutes ago, Unlucky Alf said:
Tell MM to go where the sun don't shine, Ground share, Not every ones cup o tea mine included, But this man has caused this whole issue, Leave the stadium to the birds, As long as there's a DCFC then there's a club to support.
Ground sharing is just not plausible. It will make a massive dent in the finances and a great big hole in CK’s business plan.
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https://footballleagueworld.co.uk/chris-kirchner-takes-clear-stance-on-derby-county-players-future/
Looks like CK has made it clear he wants the player here next season.
- Kathcairns and jono
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10 minutes ago, G STAR RAM said:
He didn't break any rules though?
He did. He used a method of player amortisation which was not in accordance with EFL rules. If he wasn’t aware of EFL rules then he should have been. If he was aware then the only reason for using an alternative method was to achieve an unfair financial advantage.
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Along with Reading and several other clubs, we’re apparently interested in this 19 year old striker.
The Administration Thread
in Derby County Forum
Posted
Yes, I listened to it. He was later corrected by Darren Robinson who said that actual number of players available when their contracts expire on Thursday is around 450 ( at all league levels) as 250 or so have already been snapped up or have a deal in place. DR is the expert in this field so I would take his figure. He also gave a number of players at league 1 level who would become available but I can’t remember what it was.