CornwallRam

The Stoke debts include loans by the owner - I suspect that others do too. If our £123.4m owed to Mel is included, we were getting up towards £200m in debt.

The Stoke debts include loans by the owner - I suspect that others do too. If our £123.4m owed to Mel is included, we were getting up towards £200m in debt.

But that's illogical. 
At the point of entering administration, we owed  c£193m. That is the direct comparison with the above list.
OK, it seems from the administrators update that Mel hasn't claimed the £123.4m, but that doesn't mean it didn't exist, nor that the owners of the other clubs wouldn't do something similar if they went into admin.
To compare our £70m with Stoke's £230m is comparing apples to oranges - they are two different things.

The Stoke debts include loans by the owner - I suspect that others do too. If our £123.4m owed to Mel is included, we were getting up towards £200m in debt.

Although, if it's a very special special classic car which competed in the earliest motorsport events and is loved by tens of thousands of people and you're saving it from going to Albert Looms, it probably is.

There's also an added complication that it has been stated that Mel also has given a personal guarantee secured against his personal properties

It's hard to believe that there is a better bid out there for a League 1 club with no players and a potentially punitive business plan than £50m. Especially when the man making the bid for the good ship DCFC is a former captain who managed not to sail her onto a reef.
This must surely be the end game. Anyone else interested must make a bid today, and it will need to be impressive if Natalie Jackson is correct. Then, if no one out-bids, Appleby gets a few days to either close the deal or get sufficient funding in place to enter the league for next season. If he can't, we're done. Yet I can't see that he'd bid if he couldn't complete.
The big danger is a high bid from another tyre kicker/fantasist. No more fake Sheikhs, Spanish boxers or crypto golf buddies need apply.
 

It's hard to believe that there is a better bid out there for a League 1 club with no players and a potentially punitive business plan than £50m. Especially when the man making the bid for the good ship DCFC is a former captain who managed not to sail her onto a reef.
This must surely be the end game. Anyone else interested must make a bid today, and it will need to be impressive if Natalie Jackson is correct. Then, if no one out-bids, Appleby gets a few days to either close the deal or get sufficient funding in place to enter the league for next season. If he can't, we're done. Yet I can't see that he'd bid if he couldn't complete.
The big danger is a high bid from another tyre kicker/fantasist. No more fake Sheikhs, Spanish boxers or crypto golf buddies need apply.
 

Technically, they are, aren't and they might be counted as such. ?
For taxes that the club collected from others, like VAT, PAYE and employee's national insurance contributions, they are a secondary preferential creditor.
For taxes that the club owes directly, like employer's national insurance or corporation tax etc, is is an unsecured creditor. 
Just to complicate things things further, I believe that the EFL are counting the whole HMRC debt as unsecured in the 25/35% rule. I don't think that's particularly relevant though, as I can't see HMRC accepting less and any deal needs their approval. 
I can't remember where I read it, but someone said that the HMRC deal is 25% now followed by another 25% over three years. I think (without checking) that the total is £36m, meaning we'd repay £9m upfront and another £9m over the next three years. No idea how true this is, but doesn't sound too far-fetched. 

There's also an added complication that it has been stated that Mel also has given a personal guarantee secured against his personal properties

There's also an added complication that it has been stated that Mel also has given a personal guarantee secured against his personal properties

Actually @RoyMac5 reading a bit further down, it looks like the post admin figure is now £3.75m

I think part of the problem is that headline figures for bids don't really give you all the details.  We don't know if that's £40m up front, or intended to be paid over time.  We don't know the exact plan for the stadium.  We don't know if they are including funds they intend to inject into the club to run it after a takeover in there.  We don't know if they intend to borrow any money in addition to, or as part of, that figure. And so on and so on.  It's very difficult to judge anything, or make comparisons between bids, when all we have are a single big number each.

I had a terrible dream last night that we'd been in a worldwide pandemic, Russia was starting WWIII, fuel and energy prices had doubled, inflation and food prices had gone through the roof, NHS waiting times had hit 13 hours, England suffered their heaviest home defat for over 90 years, train drivers were going on strike, human rights laws were going to be scrapped, the economy was heading for recession, social housing was in a right state, we had a lying deceitful narcissistic scumbag for Prime minister and worst of all, Derby County were at risk of going under.
I was glad to wake up I tell you!

£20,471,158 from before administration. 
£3,500,000 after administration. 

So, according to the companies house document- thanks @G STAR RAM, Gellaw  owes £123.4m to Mel who is listed as an unsecured creditor. 
So the questions are:
Does Gellaw count as part of the club - it's part of the cross-security arrangement for the MSD loans.
If so, doesn’t that give Mel a veto over any deal?
 
 

So, according to the companies house document- thanks @G STAR RAM, Gellaw  owes £123.4m to Mel who is listed as an unsecured creditor. 
So the questions are:
Does Gellaw count as part of the club - it's part of the cross-security arrangement for the MSD loans.
If so, doesn’t that give Mel a veto over any deal?
 
 

So, according to the companies house document- thanks @G STAR RAM, Gellaw  owes £123.4m to Mel who is listed as an unsecured creditor. 
So the questions are:
Does Gellaw count as part of the club - it's part of the cross-security arrangement for the MSD loans.
If so, doesn’t that give Mel a veto over any deal?
 
 

If this was a TV show people wouldn’t watch it as they would claim the events were too far fetched?‍♂️?‍♂️

Duh, haven't you been paying attention? The EFL demanded that they see all correspondence! ?

Quite a bit I'd say. The royalties from Jolene alone must be a million a year at least. ?

Quite a bit I'd say. The royalties from Jolene alone must be a million a year at least. ?

Quite a bit I'd say. The royalties from Jolene alone must be a million a year at least. ?

Quite a bit I'd say. The royalties from Jolene alone must be a million a year at least. ?

Quite a bit I'd say. The royalties from Jolene alone must be a million a year at least. ?