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sage got a reaction from kevinhectoring in Has Mel Morris come into some money ??
I thought he sold some of his shares but not all.
If he has had a windfall, if he paid off the msd loan and coughed up £8m for running costs he may be allowed back in the county
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sage got a reaction from Ramslad1992 in Rob Couhig on Sports Scene at 6
Absolute waste of time getting Dawes to interview
Radio Derby took a fart to a pooping competition
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sage got a reaction from Ramarena in Rob Couhig on Sports Scene at 6
Absolute waste of time getting Dawes to interview
Radio Derby took a fart to a pooping competition
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sage got a reaction from HorsforthRam in Rob Couhig on Sports Scene at 6
Absolute waste of time getting Dawes to interview
Radio Derby took a fart to a pooping competition
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sage got a reaction from RadioactiveWaste in Rob Couhig on Sports Scene at 6
Absolute waste of time getting Dawes to interview
Radio Derby took a fart to a pooping competition
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sage got a reaction from CBRammette in Pragmatic Solutions wanted
Give Boro and Wycombe the £8.3m they refused to give us. They withdraw all claims.
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sage got a reaction from Premier ram in Pragmatic Solutions wanted
Boro and Wycombe agree to a 25% limit on claims that go to arbitration. This is not an admission of guilt and we will fight this.
EFL offer us that £8.3m loan everyone else got.
We are allowed to sign up to 4 players as long as the total cost doesn't exceed the savings we made on Marshall, Jags, Baldock and Shinniesta
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sage got a reaction from CBRammette in Pragmatic Solutions wanted
Boro and Wycombe agree to a 25% limit on claims that go to arbitration. This is not an admission of guilt and we will fight this.
EFL offer us that £8.3m loan everyone else got.
We are allowed to sign up to 4 players as long as the total cost doesn't exceed the savings we made on Marshall, Jags, Baldock and Shinniesta
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sage reacted to Yani P in Rob Couhig on Sports Scene at 6
This Derby reporter is having a shocker interviewing the Teeside BBC reporter..letting him get away with murder and challenging nothing..just useless.
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sage reacted to OohMartWright in Margaret Beckett on Radio Derby
A good summary @Ghost of Clough. Is it worth quoting the "EFL are disappointed .... " statement regarding their decision to appeal to add a bit more context?
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sage got a reaction from LeedsCityRam in Pragmatic Solutions wanted
Boro and Wycombe agree to a 25% limit on claims that go to arbitration. This is not an admission of guilt and we will fight this.
EFL offer us that £8.3m loan everyone else got.
We are allowed to sign up to 4 players as long as the total cost doesn't exceed the savings we made on Marshall, Jags, Baldock and Shinniesta
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sage got a reaction from IslandExile in Pragmatic Solutions wanted
Boro and Wycombe agree to a 25% limit on claims that go to arbitration. This is not an admission of guilt and we will fight this.
EFL offer us that £8.3m loan everyone else got.
We are allowed to sign up to 4 players as long as the total cost doesn't exceed the savings we made on Marshall, Jags, Baldock and Shinniesta
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sage 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.
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sage got a reaction from RadioactiveWaste in Urgent Question on DCFC in Parliament
Isn't it lovely that the Boro MP points out that Boro are ready to be 'reasonable' in their blackmail attempts.
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sage got a reaction from vonwright in Urgent Question on DCFC in Parliament
Isn't it lovely that the Boro MP points out that Boro are ready to be 'reasonable' in their blackmail attempts.
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sage reacted to Ruud Aralliss in The Administration Thread
Not sure if it’s old news, or of any use but…..
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sage got a reaction from GboroRam in The Administration Thread
So EFL, do you have a vendetta against Derby County?
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sage reacted to Rev in The Football Creditor rule is explicit, simple, and solves all of Derby's issues
Who wrote that for you?
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sage 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."
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sage reacted to Redshaw_Ram in Margaret Beckett on Radio Derby
Thank god at least some decent MPs survived 2019. Hopefully Ms Beckett can put her power and influence to good use!
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sage reacted to angieram in The Administration Thread
I shouldn't post this because it's very offensive to women but it made me chuckle!
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sage reacted to nottingram in The Administration Thread
Would be funny if Quantuma are found to be vindicated, but Derby get relegated by a point or so (this bit not so funny, bear with me). Derby then sue the EFL for not allowing Jagielka to re-sign and being forced into selling Shinnie and others, these being the difference between relegation and survival.
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sage reacted to Crewton in Petition to the Sports Minister
It's a pity Simon Groom isn't still on Blue Peter ?
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sage reacted to AndyinLiverpool in Wayne Rooney
Financially, Rooney is our biggest asset right now.
I suspect that Rooney will agree to join Everton if they pay enough compensation to see us through.
His final gift to the club.