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EtoileSportiveDeDerby

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  1. Cheers
    EtoileSportiveDeDerby got a reaction from jimtastic56 in The Administration Thread   
    Top post. read like an email from one of the big 4, detailed, punctuation, spelling, grammar, the lot. 
    Exec summary, still in the shyte, getting close to wire, MA is a tight hard barsteward he aint gonna cough up lots
  2. Like
    EtoileSportiveDeDerby reacted to RipleyRich in The Administration Thread   
    Ludicrous statement IMO.
    You would rather the Club cease to exist, than a man with a proven business success history, including that of an English Football Club, take over?
     
  3. Like
    EtoileSportiveDeDerby reacted to CBX1985 in The Administration Thread   
    Thank you for the welcome.  I don't take it as critical at all ?
    I try not to deal in things I don't know.     I have no idea of who paid what to who etc.  Nor do you.  Reports in The Sun are not reliable - "my source has told me" does not make it true. Other reports contradict.  
    My Bale/Messi comment is a rhetorical way of pointing out that CK feels a little too good to be true.  Not saying he is.  Would jump for joy if he isn't.   
  4. Clap
    EtoileSportiveDeDerby reacted to CBX1985 in The Administration Thread   
    Hello everyone.  Nice to meet you all.  Found this forum a week or so ago, and in the circumstances have been reading frequently.
    I do believe there is, perhaps understandably, a mismatch between business reality and fans wanting to "save our club".  Some of the business people involved also care deeply about football, and some this club; but business comes first and their backers are not going to want to "donate" monies beyond the relative value of the proposition.  
    I work in financial services and investment.  I have previously worked at a global accountancy firm, where I for a while sat next to a company administrator - no, not Q - so have some familiarity with how these processes work in general terms. 
    My analysis: is DCFC has VERY large debts.  DCFC has virtually no tangible assets.  Those we do have are players (if very few!).  On liquidation, unlike with other firms in most normal industries, those assets can leave for free on liquidation - so valueless to a liquidator.  We have considerable brand value (30k matchday attendees), all those here etc etc.  That brand value dies on liquidation, if EFL does not allow re-entry at L2.  Unlike with most businesses, the name cannot simply be sold as a way to pay creditors.
    There is an old maxim: if I owe the bank £10,000, I have a problem; If I owe the bank a £1billion, the bank has a problem. That applies here.  On liquidation, the creditors get nothing.  Think about it, the players have no value and we don't own the ground.  We are left with paying £100m or whatever it is from old replica kits from the Superstore.
    Ashley knows this, too.  As do all the buyers.  The reality is someone needs to be screwed here.  Liquidation screws everyone, but the admins need to extract as much as they can.  And so along strides a wonderful American who will generously pay a nice amount to said creditors for a L1 club.  No points deduction.  Keep Rooney.  40 new players.  He might as well throw Bale in to the mix as well, and consider putting a bit in for Messi.  It feels - not saying it is - a little too good to be true.  He is offering to be the one financially screwed for the greater good of everyone else.  And on cue the money doesn't turn up... makes you wonder.
    What, in my opinion, this club has needed since January is to have the real crunch liquidation point - the club will liquidate on x date without x monies.  At the moment, creditors are thinking "I can get a 'good' deal from some naive mug" and are not considering the real haircut they are going to need to take to get some monies back, maybe 5 or 10p in the pound.  Once a potential vulture owner decides to accept the points deduction, why offer the creditors any less than a completely derisory offer (you get them to their lowest point before they refuse on principle)?  The points deduction will be the same.
    This is Ashley's strategy (and probably everyone else bar CK).  He is planning to screw the creditors.  But this only works if you are prepared to hold out to the very very very last minute; and you can act fast to prevent the reapers axe actually coming down. 
    The idea he will take CK's terms like-for-like is for the birds.      
     
     
     
     
      
     
     
     
  5. Haha
    EtoileSportiveDeDerby reacted to Comrade 86 in F1 2022   
    Disappointing effort from Latifi. There's walls everywhere and he didn't manage to hit a single one. 
  6. Cheers
    EtoileSportiveDeDerby got a reaction from Ram-Alf in The Administration Thread   
    Keep on disgressing. Makes a change and some of us enjoy it.?
  7. Haha
    EtoileSportiveDeDerby reacted to Ram-Alf in The Administration Thread   
    As I'm single I see this forum as my family, Sometimes I digress as someone makes a comment a light flickers in my head and I feel I have to post...I guess a bit like Tourette's and Obsessive compulsive disorder, Maybe I shouldn't have stopped taking my Medication ?‍♀️
  8. Haha
    EtoileSportiveDeDerby reacted to angieram in The Administration Thread   
    Thank you. I have hidden a lot of abusive posts in the last 24 hours. 
    And people who insist on  chatting about allsorts in here aren't making the job any easier. Are they, @Unlucky Alf? ?
  9. Clap
    EtoileSportiveDeDerby got a reaction from Derby4Me in The Administration Thread   
    Why would they, the man has got the wedge. He should be at the front of the queue. I dont like him but beggars and all that
  10. Haha
    EtoileSportiveDeDerby reacted to RadioactiveWaste in The Administration Thread   
    Quantuma.
    Expenses line entry no. 6587 "Tip-Ex, Stationry, needed for urgent contratual updates. £210.84"
  11. Clap
    EtoileSportiveDeDerby reacted to RoyMac5 in The Administration Thread   
    I'd rather leaks than silence from CK!
  12. Like
    EtoileSportiveDeDerby reacted to RoyMac5 in The Administration Thread   
    More!

  13. Cheers
    EtoileSportiveDeDerby reacted to RoyMac5 in The Administration Thread   
    Missed this:
    For non-tweeters:

  14. Clap
    EtoileSportiveDeDerby reacted to RipleyRich in The Administration Thread   
    I can't see anyone putting up £20m for a Football Stadium with no guarantee of a tenant.
  15. Haha
    EtoileSportiveDeDerby reacted to CornwallRam in The Administration Thread   
    Didn't this all start when Mel tried to sell the club to a Swiss banker who couldn't complete the deal and got arrested?
  16. Clap
    EtoileSportiveDeDerby got a reaction from OohMartWright in If Quantuma hadn't accepted the extra 9 points....   
    Quantuma have been a complete shitshow. Remember when they were first installed. This should be an easy one, plenty of interest, wont take long. What a lot of blx.
  17. Sad
    EtoileSportiveDeDerby got a reaction from jimtastic56 in If Quantuma hadn't accepted the extra 9 points....   
    Quantuma have been a complete shitshow. Remember when they were first installed. This should be an easy one, plenty of interest, wont take long. What a lot of blx.
  18. COYR
    EtoileSportiveDeDerby got a reaction from RoyMac5 in The Administration Thread   
    Spot on mate. I might be a bit old school but all the stuff on twitter, parading at PP, his bird getting involved with Forest fans on twitter when they got promotted allegedly (i dont do twitter, @RoyMac5 is my goto man on here ?) did not impress me.If he'd done his business quietly, discretly like a Swiss banker that would have given me more confidence in the bloke running our club. And Swiss bankers have money.
  19. Haha
    EtoileSportiveDeDerby got a reaction from europia in If Quantuma hadn't accepted the extra 9 points....   
    I channelled my innner Henry Kissinger
  20. Like
    EtoileSportiveDeDerby reacted to NottsRam77 in The Administration Thread   
    Also begs the question if he we’re to get the club are we going to run into these problems again.?
    when the wages need paying and transfer fee needs completing?
    if the story in the athletic is true about him owing outstanding wages to some employees and 800k to a sponsorship deal he made then it really doesnt bode well
    im starting to think we bin him off and just give MA the call.. let him get us for buttons, take the 15 point deduction and try .. try to rebuild and survive.
    god what a depressing situation 
  21. Clap
    EtoileSportiveDeDerby reacted to Boycie in The Administration Thread   
    This is the EFL who said they saw the money.  This is the same CK who when asked on Twitter if his crypto coins had suffered in the recent crash said “ I got out of that a long time ago.
    Does the EFL have a great track record in fit and proper owner tests?
    Ive no confidence in Q or the EFL’s due diligence checks, that’s my opinion.
    I mean, look what happened to Wigan, 
  22. Like
    EtoileSportiveDeDerby reacted to Boycie in The Administration Thread   
    Here here! They aren’t fit for purpose in my opinion.
  23. Clap
    EtoileSportiveDeDerby reacted to Kernow in The Administration Thread   
    Mike Ashley has done a lot of dealing with administrators and companies in administration, so if he thinks that they're unprofessional and not worth their fee, then that must be quite telling.
  24. Like
    EtoileSportiveDeDerby reacted to Ramslad1992 in The Administration Thread   
    Duck off EFL you bunch of Bamfords… not fit for purpose just like Quantuma.
  25. Clap
    EtoileSportiveDeDerby got a reaction from sheeponacid in If Quantuma hadn't accepted the extra 9 points....   
    Quantuma have been a complete shitshow. Remember when they were first installed. This should be an easy one, plenty of interest, wont take long. What a lot of blx.
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