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Woodley Ram got a reaction from RadioactiveWaste in The Administration Thread
This gives the EFL a potential problem. Those named have an operating model where they buy cheap and sell big, if they don't sell big the model implodes. There large debts over the Covid period are in most part due to the slump in the transfer market. They have asked for a proportion of the debt to be excluded due to this.
The EFL's problem is that I doubt if they have done this for Reading and Derby. Also how do you quantify the amount lost as it could be that you don't have suitable players to sell for circa £20m. Also is the slump in fees true? Forest have just turned down £12m for Johnson (good player) which is a large sum!
So if the EFL allow the exclusion of more Covid debt than for Reading and Derby do those clubs (bearing in mind they look likely to be contesting the 4th from bottom place) have a case against the EFL and other clubs for loss of income?
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Woodley Ram got a reaction from Indyram in Coventry kickoff moved for Sky
yes its a pity we dont get the money to go with it
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Woodley Ram got a reaction from Zag zig in The Administration Thread
Quick question if both claims go to full arbitration and are proven to be false can we go after them for the problems they have caused
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Woodley Ram got a reaction from angieram in The Administration Thread
Quick question if both claims go to full arbitration and are proven to be false can we go after them for the problems they have caused
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Woodley Ram got a reaction from RadioactiveWaste in The Administration Thread
why have you put a painting of Steve Cooper up?
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Woodley Ram got a reaction from BathRam72 in The Administration Thread
Quick question if both claims go to full arbitration and are proven to be false can we go after them for the problems they have caused
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Woodley Ram got a reaction from Crewton in The Administration Thread
QPR got away with murder with their fine
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Woodley Ram got a reaction from r_wilcockson in The Administration Thread
Quick question if both claims go to full arbitration and are proven to be false can we go after them for the problems they have caused
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Woodley Ram got a reaction from IslandExile in The Administration Thread
Quick question if both claims go to full arbitration and are proven to be false can we go after them for the problems they have caused
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Woodley Ram got a reaction from Eddie in The Administration Thread
Quick question if both claims go to full arbitration and are proven to be false can we go after them for the problems they have caused
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Woodley Ram got a reaction from Ram a lamb a ding dong in The Administration Thread
Quick question if both claims go to full arbitration and are proven to be false can we go after them for the problems they have caused
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Woodley Ram got a reaction from SaffyRam in The Administration Thread
Quick question if both claims go to full arbitration and are proven to be false can we go after them for the problems they have caused
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Woodley Ram got a reaction from Indy in The Administration Thread
Quick question if both claims go to full arbitration and are proven to be false can we go after them for the problems they have caused
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Woodley Ram got a reaction from RoyMac5 in The Administration Thread
QPR got away with murder with their fine
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Woodley Ram got a reaction from RoyMac5 in The Administration Thread
Quick question if both claims go to full arbitration and are proven to be false can we go after them for the problems they have caused
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Woodley Ram got a reaction from TheSlate in The Administration Thread
Quick question if both claims go to full arbitration and are proven to be false can we go after them for the problems they have caused
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Woodley Ram got a reaction from Bobby in Petition to the Sports Minister
Good player Eze, QPR have put together a good team. I have lots of QPR fans from working in London, good people
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Woodley Ram got a reaction from Miggins in The Football Creditor rule is explicit, simple, and solves all of Derby's issues
Yes and following that it should the end, we should be able to move on
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Woodley Ram got a reaction from Miggins in The Football Creditor rule is explicit, simple, and solves all of Derby's issues
Unfortunately @PistoldPeteDerby and Mel are interlinked during his ownership period. It’s not unheard of re the soft loans everyone does it. Sorry but if breaking the FFP rules is cheating then Mel/Derby did cheat.
the 2 things I would say is
1- despite what the Middlesbrough statement says they don’t have the strongest case as there are far too many if and buts to a football season. If I remember rightly we were over spent by small amounts each year (thanks to the sale of PP (which was taking the P really)). Unless they have some killer evidence I don’t see where it can go, but I have not seen the evidence.
2 - I’m not sure how a claim for damages that Derby refutes can be classed as a football debt. I understand why Middlesbrough want it done that way but how can it be? If it had been through a process and Derby were found guilty then yes. I’m not sure how you can be found guilty before a trial or tribunal, which is essentially what they are trying to do.
i don’t accept if the comment you don’t think we will win just say you will pay for it if we do, that’s childish. We should find a way to say that we accept this going to an arbitration hearing after the takeover and will abide by its decision that’s seems fair and a way forward.
we need to play this with a straight bat
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Woodley Ram reacted to Day in The Football Creditor rule is explicit, simple, and solves all of Derby's issues
The administrators will have filed a moratorium, which means Boro or Wycombe cannot pursue their cases against us through arbitration/court.
Once we exit the administration process, all claims are settled, dead, they cannot be resurrected.
If they are not football creditors, they will be at the bottom of the pile, get nothing.
If we are liquidated, they will get nothing.
The only way they will get paid is if seen to be football creditors, which is the point we need to push, they are not football creditors.
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Woodley Ram got a reaction from TheresOnlyWanChope in The Football Creditor rule is explicit, simple, and solves all of Derby's issues
Probably a second hand one at that
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Woodley Ram got a reaction from RadioactiveWaste in The Administration Thread
He could indeed underwrite the claims by taking out insurance to cover the potential liability. From the outside it looks like the claims will fail, but we have not seen the details. Am I right in thinking the administrators have the power to sell the stadium anyway? Yes it would be good if he could.
do you get the feeling that Mel’s money has taken a tumble, hence the administration etc?
notwithstanding your post there are a couple of other issues
1, Are the claims ‘football related debt’, if fact should they be classed as a debt?
2, I am thinking wider here. This must not happen to anyone else so we need an independent regulator, things need to be more transparent, independent and quicker. I deal with regulators for a living and the EFL rules are so badly written you could drive a bus through them as Mel and others have done or tried to.
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Woodley Ram got a reaction from The Baron in The Administration Thread
He could indeed underwrite the claims by taking out insurance to cover the potential liability. From the outside it looks like the claims will fail, but we have not seen the details. Am I right in thinking the administrators have the power to sell the stadium anyway? Yes it would be good if he could.
do you get the feeling that Mel’s money has taken a tumble, hence the administration etc?
notwithstanding your post there are a couple of other issues
1, Are the claims ‘football related debt’, if fact should they be classed as a debt?
2, I am thinking wider here. This must not happen to anyone else so we need an independent regulator, things need to be more transparent, independent and quicker. I deal with regulators for a living and the EFL rules are so badly written you could drive a bus through them as Mel and others have done or tried to.