CornwallRam

Tbf he's more welcome in Notts than Derbyshire. He's probably a *cult hero there. 
* not a spelling mistake but the other word would work too. 

There are two different versions of a Pheonix club. 
The first would be Where a new owner bought the name and  badge from the administrators and transferred them to a new company. It would be done with EFL approval. The club would still be Derby County Football Club although the company behind it would be different. It would also be debt free, but would also need tie up some small technical details like finding players, coaches, a ground and training facilities. 
To get EFL approval, I would expect the new owner to agree a higher payment than might be expected, so the creditors at least got something. This club would then have the golden share. FA protocol is for a three division demotion, so we should drop to the Conference. However, it was muted that there was an agreement for a League 2 place.
The problem here us that it is so late in the day to organise. The new owners would still need to show funding for the season plus a ten year stadium lease, and a League 2 club would suddenly find themselves in League 1, leaving their own business plan in tatters.
 
Then there's the other type of Pheonix. Effectively this would just be a new club. It could have a similar name, and would be likely to attract a decent fan base due to the need for football in Derby/shire. 
In theory it should apply for entrance into tier 11 - probably Midland League Division 2. However, semi pro clubs tend to fold regularly. It's likely that there'd be a vacancy a couple of divisions higher for a club with 5k plus supporters. 
This is probably a lot easier to organise. It would only need a few thousand £ and it's not going to cause the issues with fixture lists and business plans at this level. The downside is that it would feel a lot less like Derby County. 

No, but they could vary their rules to make it easier for find a buyer.
They could renew the golden share with football creditors not getting 100%. They could allow a takeover at less than 25% for the unsecured creditors without a points deduction. They could allow just a 1 year stadium deal. They could impose a business plan which allowed the club to be competitive. They remove the embargo so we can at least renew contracts to keep some value in the club
But they won't. 

The rule is that you can't start consecutive seasons in adminstration, so in theory it should be fine. However, all clubs have to show a realistic business plan to get through the season, whether in administration or not. If they don't, they are kicked out of the league. That's very difficult to do in administration.
This was what actually killed Bury. 

No, but they could vary their rules to make it easier for find a buyer.
They could renew the golden share with football creditors not getting 100%. They could allow a takeover at less than 25% for the unsecured creditors without a points deduction. They could allow just a 1 year stadium deal. They could impose a business plan which allowed the club to be competitive. They remove the embargo so we can at least renew contracts to keep some value in the club
But they won't. 

So the EFL are going to overrule court appointment insolvency practitioners?
I can't see any problems there at all. ?

The rule is that you can't start consecutive seasons in adminstration, so in theory it should be fine. However, all clubs have to show a realistic business plan to get through the season, whether in administration or not. If they don't, they are kicked out of the league. That's very difficult to do in administration.
This was what actually killed Bury. 

The rule is that you can't start consecutive seasons in adminstration, so in theory it should be fine. However, all clubs have to show a realistic business plan to get through the season, whether in administration or not. If they don't, they are kicked out of the league. That's very difficult to do in administration.
This was what actually killed Bury. 

So the EFL are going to overrule court appointment insolvency practitioners?
I can't see any problems there at all. ?

So the EFL are going to overrule court appointment insolvency practitioners?
I can't see any problems there at all. ?

So the EFL are going to overrule court appointment insolvency practitioners?
I can't see any problems there at all. ?

So the EFL are going to overrule court appointment insolvency practitioners?
I can't see any problems there at all. ?

How is it modern day slavery compared to a club owning player registrations?
It's rule 66.1 of the EFL regulations 2021-22
https://www.efl.com/contentassets/b3cd34c726c341ca9636610aa4503172/regulations-season-2021-22-final.pdf

On liquidation, the players registrations are transferred to the EFL, who then sell them on to ensure that all footballing debts are repaid.
So, it is not quite true that they have zero value.
It's also possible that the administrators could decide to liquidate, sell the remaining players for whatever they can get, and liquidate afterwards. That way, the value would have been converted to cash and that cash would be an asset. 
I still think that our big problem is not actually the size of our debt, it's that most of it isn't to unsecured creditors, so administration has done very little to reduce the debt...that and the ground not being included. 

On liquidation, the players registrations are transferred to the EFL, who then sell them on to ensure that all footballing debts are repaid.
So, it is not quite true that they have zero value.
It's also possible that the administrators could decide to liquidate, sell the remaining players for whatever they can get, and liquidate afterwards. That way, the value would have been converted to cash and that cash would be an asset. 
I still think that our big problem is not actually the size of our debt, it's that most of it isn't to unsecured creditors, so administration has done very little to reduce the debt...that and the ground not being included. 

On liquidation, the players registrations are transferred to the EFL, who then sell them on to ensure that all footballing debts are repaid.
So, it is not quite true that they have zero value.
It's also possible that the administrators could decide to liquidate, sell the remaining players for whatever they can get, and liquidate afterwards. That way, the value would have been converted to cash and that cash would be an asset. 
I still think that our big problem is not actually the size of our debt, it's that most of it isn't to unsecured creditors, so administration has done very little to reduce the debt...that and the ground not being included. 

On liquidation, the players registrations are transferred to the EFL, who then sell them on to ensure that all footballing debts are repaid.
So, it is not quite true that they have zero value.
It's also possible that the administrators could decide to liquidate, sell the remaining players for whatever they can get, and liquidate afterwards. That way, the value would have been converted to cash and that cash would be an asset. 
I still think that our big problem is not actually the size of our debt, it's that most of it isn't to unsecured creditors, so administration has done very little to reduce the debt...that and the ground not being included. 

I always said Derby's real crime was failure.

Personally, I think he's trying to borrow the money to fund it, but the deal in principle hasn't been converted to an actual loan.
I don't think Kirchner has the cash himself, but he does have a good history of raising finance to fund his expansion. 
I believe that his plan is to generate a profit and repay the loans from them. I don't think he fully understands the distorted market that is EFL football. IMO, if he does complete this deal, it will end in disaster. 

Derby County will never be self-sufficient until the financial gap between the Premier League and the EFL is closed, or we actually get promoted to the Premier League. 
Football is broken and it is beyond the scope of a single club to fix it. 

Derby County will never be self-sufficient until the financial gap between the Premier League and the EFL is closed, or we actually get promoted to the Premier League. 
Football is broken and it is beyond the scope of a single club to fix it. 

Derby County will never be self-sufficient until the financial gap between the Premier League and the EFL is closed, or we actually get promoted to the Premier League. 
Football is broken and it is beyond the scope of a single club to fix it. 

Personally, I think he's trying to borrow the money to fund it, but the deal in principle hasn't been converted to an actual loan.
I don't think Kirchner has the cash himself, but he does have a good history of raising finance to fund his expansion. 
I believe that his plan is to generate a profit and repay the loans from them. I don't think he fully understands the distorted market that is EFL football. IMO, if he does complete this deal, it will end in disaster. 

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?

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?