WhiteHorseRam

Is this work the result of locking @DarkFruitsRam7 in a cupboard for a week and feeding him just Haribo?
 

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."

Of course, but Ashley who has great experience of this process in his many lines of business, won’t 1) have a great operating loss to overcome, and 2) he won’t pay more than the figure he wants to pay. 
1) With debts removed, our current wage bill, and say a £25k average attendance through the season I bet we would not be far from from breaking even with the odd player sale now and again from the academy to keep us in check. Obviously tier 2 football will mean squad changes/further cost cutting, but I am still not ruling out the Great Escape (starting with another 3 points on Saturday).
2) Whatever he is prepared to pay will to be covered all creditor claims, and a completely clean exit. He isn’t going to leave himself exposed to contingent claims after exit.
 

I am no football finance expert, but my view is if M'boro and Wycombe get any cash out of us football could well be doomed.
This would set a precedent. Anytime a club doesn't win the FA Cup, fails to qualify for the Champions League, gets relegated or misses out on promotion, a serious and prolonged legal effort would ensue.
Why would you not? Membership of the PL or the Champions league is mega bucks and worth a few million to get some suits in.
The situation would deteriorate into something akin to League level VAR, but with accountants and lawyers rather than sweaty nervous refs and screens.
I don't want us to pay any money to these two clubs. I especially don't want to pay any money, are strong-armed into it to get a new buyer, to avoid going down the drain.
 
If, however, we have to pay compo, I want to see ALL dodgy dealings across all leagues equally scrutinized and compo paid to any aggrieved parties.
Going back to 1945 - that would be fair.
And while you are at it, why not explore the origins of ALL money spent and churned through the game. I would love to see where some PL clubs money comes from. Also, who owns what, interest rates on loans, loans to share holders, etc.

I am no football finance expert, but my view is if M'boro and Wycombe get any cash out of us football could well be doomed.
This would set a precedent. Anytime a club doesn't win the FA Cup, fails to qualify for the Champions League, gets relegated or misses out on promotion, a serious and prolonged legal effort would ensue.
Why would you not? Membership of the PL or the Champions league is mega bucks and worth a few million to get some suits in.
The situation would deteriorate into something akin to League level VAR, but with accountants and lawyers rather than sweaty nervous refs and screens.
I don't want us to pay any money to these two clubs. I especially don't want to pay any money, are strong-armed into it to get a new buyer, to avoid going down the drain.
 
If, however, we have to pay compo, I want to see ALL dodgy dealings across all leagues equally scrutinized and compo paid to any aggrieved parties.
Going back to 1945 - that would be fair.
And while you are at it, why not explore the origins of ALL money spent and churned through the game. I would love to see where some PL clubs money comes from. Also, who owns what, interest rates on loans, loans to share holders, etc.

I am no football finance expert, but my view is if M'boro and Wycombe get any cash out of us football could well be doomed.
This would set a precedent. Anytime a club doesn't win the FA Cup, fails to qualify for the Champions League, gets relegated or misses out on promotion, a serious and prolonged legal effort would ensue.
Why would you not? Membership of the PL or the Champions league is mega bucks and worth a few million to get some suits in.
The situation would deteriorate into something akin to League level VAR, but with accountants and lawyers rather than sweaty nervous refs and screens.
I don't want us to pay any money to these two clubs. I especially don't want to pay any money, are strong-armed into it to get a new buyer, to avoid going down the drain.
 
If, however, we have to pay compo, I want to see ALL dodgy dealings across all leagues equally scrutinized and compo paid to any aggrieved parties.
Going back to 1945 - that would be fair.
And while you are at it, why not explore the origins of ALL money spent and churned through the game. I would love to see where some PL clubs money comes from. Also, who owns what, interest rates on loans, loans to share holders, etc.

We will figure it out.
 

I am no football finance expert, but my view is if M'boro and Wycombe get any cash out of us football could well be doomed.
This would set a precedent. Anytime a club doesn't win the FA Cup, fails to qualify for the Champions League, gets relegated or misses out on promotion, a serious and prolonged legal effort would ensue.
Why would you not? Membership of the PL or the Champions league is mega bucks and worth a few million to get some suits in.
The situation would deteriorate into something akin to League level VAR, but with accountants and lawyers rather than sweaty nervous refs and screens.
I don't want us to pay any money to these two clubs. I especially don't want to pay any money, are strong-armed into it to get a new buyer, to avoid going down the drain.
 
If, however, we have to pay compo, I want to see ALL dodgy dealings across all leagues equally scrutinized and compo paid to any aggrieved parties.
Going back to 1945 - that would be fair.
And while you are at it, why not explore the origins of ALL money spent and churned through the game. I would love to see where some PL clubs money comes from. Also, who owns what, interest rates on loans, loans to share holders, etc.

I am no football finance expert, but my view is if M'boro and Wycombe get any cash out of us football could well be doomed.
This would set a precedent. Anytime a club doesn't win the FA Cup, fails to qualify for the Champions League, gets relegated or misses out on promotion, a serious and prolonged legal effort would ensue.
Why would you not? Membership of the PL or the Champions league is mega bucks and worth a few million to get some suits in.
The situation would deteriorate into something akin to League level VAR, but with accountants and lawyers rather than sweaty nervous refs and screens.
I don't want us to pay any money to these two clubs. I especially don't want to pay any money, are strong-armed into it to get a new buyer, to avoid going down the drain.
 
If, however, we have to pay compo, I want to see ALL dodgy dealings across all leagues equally scrutinized and compo paid to any aggrieved parties.
Going back to 1945 - that would be fair.
And while you are at it, why not explore the origins of ALL money spent and churned through the game. I would love to see where some PL clubs money comes from. Also, who owns what, interest rates on loans, loans to share holders, etc.

I am no football finance expert, but my view is if M'boro and Wycombe get any cash out of us football could well be doomed.
This would set a precedent. Anytime a club doesn't win the FA Cup, fails to qualify for the Champions League, gets relegated or misses out on promotion, a serious and prolonged legal effort would ensue.
Why would you not? Membership of the PL or the Champions league is mega bucks and worth a few million to get some suits in.
The situation would deteriorate into something akin to League level VAR, but with accountants and lawyers rather than sweaty nervous refs and screens.
I don't want us to pay any money to these two clubs. I especially don't want to pay any money, are strong-armed into it to get a new buyer, to avoid going down the drain.
 
If, however, we have to pay compo, I want to see ALL dodgy dealings across all leagues equally scrutinized and compo paid to any aggrieved parties.
Going back to 1945 - that would be fair.
And while you are at it, why not explore the origins of ALL money spent and churned through the game. I would love to see where some PL clubs money comes from. Also, who owns what, interest rates on loans, loans to share holders, etc.

I am no football finance expert, but my view is if M'boro and Wycombe get any cash out of us football could well be doomed.
This would set a precedent. Anytime a club doesn't win the FA Cup, fails to qualify for the Champions League, gets relegated or misses out on promotion, a serious and prolonged legal effort would ensue.
Why would you not? Membership of the PL or the Champions league is mega bucks and worth a few million to get some suits in.
The situation would deteriorate into something akin to League level VAR, but with accountants and lawyers rather than sweaty nervous refs and screens.
I don't want us to pay any money to these two clubs. I especially don't want to pay any money, are strong-armed into it to get a new buyer, to avoid going down the drain.
 
If, however, we have to pay compo, I want to see ALL dodgy dealings across all leagues equally scrutinized and compo paid to any aggrieved parties.
Going back to 1945 - that would be fair.
And while you are at it, why not explore the origins of ALL money spent and churned through the game. I would love to see where some PL clubs money comes from. Also, who owns what, interest rates on loans, loans to share holders, etc.

I am no football finance expert, but my view is if M'boro and Wycombe get any cash out of us football could well be doomed.
This would set a precedent. Anytime a club doesn't win the FA Cup, fails to qualify for the Champions League, gets relegated or misses out on promotion, a serious and prolonged legal effort would ensue.
Why would you not? Membership of the PL or the Champions league is mega bucks and worth a few million to get some suits in.
The situation would deteriorate into something akin to League level VAR, but with accountants and lawyers rather than sweaty nervous refs and screens.
I don't want us to pay any money to these two clubs. I especially don't want to pay any money, are strong-armed into it to get a new buyer, to avoid going down the drain.
 
If, however, we have to pay compo, I want to see ALL dodgy dealings across all leagues equally scrutinized and compo paid to any aggrieved parties.
Going back to 1945 - that would be fair.
And while you are at it, why not explore the origins of ALL money spent and churned through the game. I would love to see where some PL clubs money comes from. Also, who owns what, interest rates on loans, loans to share holders, etc.

I am no football finance expert, but my view is if M'boro and Wycombe get any cash out of us football could well be doomed.
This would set a precedent. Anytime a club doesn't win the FA Cup, fails to qualify for the Champions League, gets relegated or misses out on promotion, a serious and prolonged legal effort would ensue.
Why would you not? Membership of the PL or the Champions league is mega bucks and worth a few million to get some suits in.
The situation would deteriorate into something akin to League level VAR, but with accountants and lawyers rather than sweaty nervous refs and screens.
I don't want us to pay any money to these two clubs. I especially don't want to pay any money, are strong-armed into it to get a new buyer, to avoid going down the drain.
 
If, however, we have to pay compo, I want to see ALL dodgy dealings across all leagues equally scrutinized and compo paid to any aggrieved parties.
Going back to 1945 - that would be fair.
And while you are at it, why not explore the origins of ALL money spent and churned through the game. I would love to see where some PL clubs money comes from. Also, who owns what, interest rates on loans, loans to share holders, etc.

I am no football finance expert, but my view is if M'boro and Wycombe get any cash out of us football could well be doomed.
This would set a precedent. Anytime a club doesn't win the FA Cup, fails to qualify for the Champions League, gets relegated or misses out on promotion, a serious and prolonged legal effort would ensue.
Why would you not? Membership of the PL or the Champions league is mega bucks and worth a few million to get some suits in.
The situation would deteriorate into something akin to League level VAR, but with accountants and lawyers rather than sweaty nervous refs and screens.
I don't want us to pay any money to these two clubs. I especially don't want to pay any money, are strong-armed into it to get a new buyer, to avoid going down the drain.
 
If, however, we have to pay compo, I want to see ALL dodgy dealings across all leagues equally scrutinized and compo paid to any aggrieved parties.
Going back to 1945 - that would be fair.
And while you are at it, why not explore the origins of ALL money spent and churned through the game. I would love to see where some PL clubs money comes from. Also, who owns what, interest rates on loans, loans to share holders, etc.

It would be a disaster for the EFL and the whole of football in the country - then again the owner of Sheffield United sued West Ham United successful for between £5-£10 million over the Tevez affair. The money went into the owners pocket and not Sheffield United. 

I think it's the validation process that is the problem in terms of delaying the whole process. They will not win against us in court but to delay the sale of the club will do untold damage. I assume that is why the admins are having to negotiate with them. 

I don't know where we will be once the dice have stopped rolling, although it now seems to be more of a rolling car.
If we go down the squad will be completely unrecognizable by this time next year.
At this rate will be ransacked in the January transfer window.
For me right now success will look like League One mid-table respectability with a sensible owner watching the pennies.

It's irrelevant. Due to age and finances this won't be our squad. 

LOL, yes, it's a dump in the heart of some truly beautiful English countryside. TBF I don't think most Wycombe fans support cowboy Rob's approach but inevitably if they think they might get some money out of it they won't care. 

Well there is the Wycombe Swan, the Eden Shopping centre,.....oh, and chairs.  But yeah, I get you. 

Have you ever been to High Wycombe?
 
There is nothing else to talk about.
 

EXACTLY. 
As someone else pointed out, the only reason that Wycombe even finished 3rd from bottom and not 2nd from bottom is because Sheffield Wednesday were deducted 6 points last season and not the season before - which was the decision of an independent tribunal. If a court or tribunal were to decide that Derby should have had a points deduction last season, they'd have to consider whether SWFC should have had theirs the season before - and then whether Charlton would have a claim. It's ludicrous. 
Any half competent lawyer would blow Wycombe's claim out of the water in a jiffy. 

It won't happen
 
The EFL will block it.
 
They don't want us to have nice things.
 

It won't happen
 
The EFL will block it.
 
They don't want us to have nice things.