Jump to content

GB SPORTS

Member
  • Posts

    1,730
  • Joined

  • Last visited

Reputation Activity

  1. Haha
    GB SPORTS reacted to admira in Jamie Vincent RIP   
    Former Swindon Town defender Jamie Vincent has died aged 46, according to the League Two club.
    The left-back had an 18-year career during which he played more than 500 games for AFC Bournemouth, Huddersfield Town, Portsmouth, Derby County, Millwall, Walsall and Aldershot Town.
    He helped Swindon win promotion to League One in 2007.
    "Our thoughts go out to all of Jamie's family and friends at this incredibly sad time," the Robins said.
    Vincent began his career at Crystal Palace before moving to Bournemouth in 1996 where he played 133 times and was a team-mate of Newcastle manager Eddie Howe and his assistant Jason Tindall.
    He was named in the PFA Division Two Team of the Season for 1998-99 as the Cherries finished outside of the play-off places on goal difference.
    A £500,000 move to second-tier Huddersfield came in March 1999 before a reported £800,000 transfer to Portsmouth two years later.
    Vincent played in all three tiers of the English Football League ending his professional career with Aldershot in 2011.
  2. Like
    GB SPORTS reacted to Tombo in Rob Couhig on Sports Scene at 6   
    Furthermore, having listened to it more closely, does nobody find it extremely interesting that this guy volunteered to go on Radio Derby?
    Why is that? Who is his audience?
    It's you. It's Derby fans. That's why he asked "how much do the administrators expect to make from the Derby case?". "Why do they keep missing the deadlines they promised you?"
    He's paying close attention to Derby fans becoming disgruntled with the administrators and picked those very same talking points to bring up. He explains very little about why he has a case, and spends most of it laying into Quantuma.
    Because he wants to squash our solidarity. I have concerns over Quantuma as well but don't take his word on it. He wants us to fight with them rather than with him
  3. Clap
    GB SPORTS reacted to Sparkle in The Administration Thread   
    Neither does Gibson - Morris is gone and Gibson is the one with the EFL who are liquidating us with 3 buyers stood by.
  4. Haha
    GB SPORTS reacted to Gee SCREAMER !! in The Administration Thread   
    Blimey he's gullible .  What's he meeting him for, is he buying Leo Sayers wig collection 
  5. Like
    GB SPORTS reacted to DarkFruitsRam7 in The Administration Thread   
    Tango Man is backing us!
     
  6. Haha
    GB SPORTS reacted to Gee SCREAMER !! in Wayne Rooney   
    And David Speedie for those who remember the 1991-92 season. 
  7. Clap
    GB SPORTS reacted to PistoldPete in Wayne Rooney   
    You must have watched a different show to me. I thought the guy was pretty good.  
  8. Like
    GB SPORTS reacted to Eddie in Pragmatic Solutions wanted   
    EFL grant Derby the £8m loan they gave everyone else to mitigate covid-19 losses.
    Derby have £8m to see out the season.
  9. Clap
    GB SPORTS reacted to MaltRam in Wayne Rooney   
    Successful gamblers aren't impulsive, they're calculating, clear minded and decisive.
  10. Haha
    GB SPORTS reacted to Coneheadjohn in Urgent Question on DCFC in Parliament   
  11. Like
    GB SPORTS reacted to Curtains in The Football Creditor rule is explicit, simple, and solves all of Derby's issues   
    I thought i did ok lol .
    I really got the point over about Middlesbrough claim and clubs claiming off each other  and counter claims and amortization etc.
    Simon doesn’t want to listen as he has entrenched views 
     
     
     
  12. Clap
    GB SPORTS reacted to Day in The Football Creditor rule is explicit, simple, and solves all of Derby's issues   
    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."
  13. Clap
    GB SPORTS reacted to RadioactiveWaste in The Mods   
    Rockers are better.
  14. Clap
    GB SPORTS reacted to RoyMac5 in EFL statement   
    Turkeys don't vote for Christmas. Why would they get off the gravy train? Indeed look who they've just let on board!
  15. Clap
    GB SPORTS reacted to Bald Eagle's Barmy Army in The Administration Thread   
    YUK - Ridsdale should never be allowed back near a football club let alone the EFL.
  16. Haha
    GB SPORTS reacted to Crewton in The Administration Thread   
    Ten years I think it was. And now he sits alongside a QC on the EFL Management Board.
    It's like an episode of Porridge.
  17. Clap
    GB SPORTS reacted to PistoldPete in The Administration Thread   
    Who would you trust more ? An Efl board with Ridsdale on it? Who’s just come off a 7 year Directors ban? 
  18. Like
    GB SPORTS reacted to Indy in EFL statement   
    My understanding is that the insolvency law changed with who had preferred creditor status. So football creditors are prioritised. 

    Where the EFL rule book hasn’t kept up is that it doesn’t yet define what a ‘football creditor’ is. They seem to be saying that any football body making a claim is. But as Boro/Wycombe claims are not related to a contracted debt that we have defaulted on, they aren’t legally creditors, so their status as football bodies is irrelevant. 
     
    Waiting for someone who understands this better than me to let me know if this is incorrect!!
  19. Like
    GB SPORTS reacted to kevinhectoring in Incomings/outgoings and re-signings   
    happy to explain and you should feel free to call me a naive fool
     MM was in the position where he was haemorrhaging cash into the bottomless pit of our beloved club, as he funded us through covid and as the efl allowed Gibson and his cronies to spin out resolution of FFP. (MM must share some blame for this of course.) So he was at the end of his tether as his nemesis, Gibbo, literally forced him to sign a cheque every month for £2m (or whatever) with no end in sight.  He had a sale in prospect in June/July and it fell away, most likely because of the FFP issues (and it was a hugely difficult time to sell a club). He was being driven mad because Gibbo had him over a barrel, so he came to think: this has to stop. He told this to MSD and then Q were consulted    Q advised MM and MSD that administration was the best route to reach a timely deal with EFL (because relations between MM and EFL were so poor) and would ultimately be the best for the club because it would enable a sale.   So MM's decision to put us in admin was not made because he simply decided to walk away into the sunset and leave us to the jackals; it was made mostly to 1 stem the cash burn and 2 get the club sold. I know this decision has major consequences for unsecured creditors and the taxman - they have to take a haircut - but it was an understandable one - even for a fan -  given how much he had invested. 
    I was catatonic when we went into admin, I couldn't believe he had done it. But having listened to him and Q talking about it, I now sort of get it. And it may yet prove to have been a good decision, especially if Uncle Mike takes the reins and if Wayne keeps showering us with gifts on the pitch. We will see.
    So that's the background. MM will now be biding his time. He will understand that his legacy is in tatters but that, if the next phase goes well, some of that will be clawed back, especially if he is seen to assist. Consistent with this, Q tell us he and they are 'aligned' 
    So if the admins say to him: MSD are max-ed out, you are the only person who can keep this ship afloat, I think there is a decent chance that he will put his hands into his deep pockets one last time   
  20. Clap
    GB SPORTS reacted to Ram1988 in Care about DCFC - how to email your MP   
    If HMRC want any of their money they need to pressure the EFL to enable us to complete a takeover.
  21. Clap
    GB SPORTS reacted to Indy in The Administration Thread   
    I wondered about that? I’m still not aware that they have actually started arbitration or filed legal papers - so there’s no official claim, even now? They may have made a ‘claim’ (ie talked about the possibility of seeking compensation) before administration, but that’s not actionable. 
     
    If they were due money, they would have been on the creditors list from November, and when they weren’t, they should have kicked up a stink about it - except they couldn’t because … they have made an official claim. 
  22. Like
    GB SPORTS reacted to RoyMac5 in The Administration Thread   
    None of it is necessarily true either.
  23. Haha
    GB SPORTS reacted to CornwallRam in The Administration Thread   
    Come on Steve, it's time to drop this silly claim. If you don't, I'll stop selling shell suits in our Middlesbrough stores and half your fan base will freeze to death.
  24. Clap
    GB SPORTS reacted to PistoldPete in The Administration Thread   
    I didn't say they shouldn't do anything , just not much they can do. The claims wil not be settled (if at all) until after the new owners come in everyone knows that. Still no answers on why this should delay the sale, or even the announcement of the preferred bidder. . 
  25. Sad
    GB SPORTS reacted to IslandExile in I have idea that may save the club   
    Sadly, as you can see from Boro and Wycombe - and those clubs that tried to form the European Super League, all other clubs just look after their own self interests. They're not interested in the history, the grass roots or even the future of the people's game.
×
×
  • Create New...