Phuket Ram

Embargo is 28-30 months out of the past 48
Wage cap for this season has been £4.5k, down from £12k last season.
Also squad size limit, preventing us from playing youth players who were already on the payroll. This also prevented us from giving youths pro deals as they then wouldn't be able to play for the first team.

I'm completely opposite. Given our situation at the moment, plus our recent form, us clearly proving many wrong on the pitch and the constant goading I've had off the gumps all day at work, I'm well up for this. I had thought in previous years leading up to now it's had less and less importance, but this time it feels different. Plus as others have said a chance to get 5 points from safety.
 
 
 

I wouldn’t entertain the baalocks on their forum. I’m surprised some can put a sentence together.

I think the admins say in their statement (in a round-about way) that they have asked the bidders to stomp up the £7m. I'm guessing £2.33m each and an agreement between each of the 3 parties to repay the losing bidders. Makes sense to me. 

I will be releasing my own open letter, once I've leaked a bit to the press ? 
Steve Gibson's lawyers must be cringing at his apparent juvenile behaviour. How to make MFC a laughing stock. How did this guy ever get enough money to own a football club?? dear....

I think the admins say in their statement (in a round-about way) that they have asked the bidders to stomp up the £7m. I'm guessing £2.33m each and an agreement between each of the 3 parties to repay the losing bidders. Makes sense to me. 

Now that's how a statement should be written

Steve Gibson's losing it, this is a good sign, I like ?

Points 1, 3 & 5 have absolutely **** all to do with Boro, who does the dweeb think he is? The conflict of interest and corruption is so clear to see its absolute madness its carrying on!

How can the EFL say we can’t sidestep their rules or UK law, when their rules don’t currently conform to UK law (re CIGA 2020).
Obviously a dig at Quantuma for rightly wanting to use the legal route to quash parasite claims.
I would have thought any decent QC could blow a hole right through the EFL’s argument ? 

I will be releasing my own open letter, once I've leaked a bit to the press ? 
Steve Gibson's lawyers must be cringing at his apparent juvenile behaviour. How to make MFC a laughing stock. How did this guy ever get enough money to own a football club?? dear....

This prat has decided to speak out now...
It's as if they plan to release statements together. Surely not?

I read this as:
"We're scared to rule on it in case other clubs start doing the same thing"
Just both sides pointing fingers in each other again - nothing resolved. How depressing
 

“Preferred Bidder – The EFL needs urgent clarification from the Administrator as to who the preferred bidder is. Without this clarification, no tangible progress can be made into solving the challenges associated with the claims.”
WE CANT ANNOUNCE A PREFEERED BIDDER BECAUSE YOU WONT DEAL WITH THE CLAIMS FROM BORO AND WYCOMBE YOU UTTER, UTTER MORONS!!!
Are they honestly that thick??

Just because it was dismissed by the Arbitration panel doesn't mean that it didn't happen. The panel would have been presented with no conclusive information, just what was reported in the panel's Decision Document, because there was no independent observer at the meeting between the EFL and Boro at which Boro agreed to drop their action against the EFL. But you only have to read between the lines to hazard an educated guess at how this came about - as if they'd confirm it in the record! It's what the Scots would call "not proven".
I'm dead sorry that they're exasperated though....
 

I couldn’t believe I read that, literally open mouthed at the incompetence 

If the Wycombe and Boro cases were proven then the amount of compensation would be known, it is the unknown that is the problem as it makes planning for the future difficult for the bidders. A creditor is someone\an entity who extends credit and neither Wycombe or Boro have extended credit to Derby, having Wycombe and Boro's claim as a Football Creditor makes no sense as the amount "owed" is unknown as is the validity of their claims. The EFL's instance in making Wycombe and Boro's claim a Football Creditor looks very much like prejudgement by the EFL, we would be wise to be very concerned about the outcome if we went to EFL arbitration. 
It would be interesting to see a time line of Boro actions for compensation, first they appear to make a claim to the EFL and then switch to Derby perhaps the timeline might force someone to ask the question "What made Boro change their mind regarding who might be responsible the payment of compensation”

Hi David, they already decided that, when and if it becomes an amount of money, it will be classified as a football debt. Urm that’s the issue. That’s why nobody will take in the risk. 
 
They took this approach because Middlesbrough said they will sue the EFL otherwise. That was their deal with boro.
so there is no way in gods earth the efl will reclassify. Hence my post… get a judicial decision…. Waste of time trying to convince the efl that they should be sued instead of us…… ?

I agree buddy. The issue will hopefully go away if indeed the Administrators can enforce the law provisions as to standalone moratoriums relating to matters under arbitration (rather than Boro and Wycombe being an actual confirmed and validated creditor of any kind). Hopefully the Corporate Insolvency and Governance Act 2020 will be being scrutinised by the Minister for Sport over the coming days, and hopefully he will be giving them his Ministerial view that to ignore those provisions will leave them subject to the provisions of law enforcement too. Lot of hopefullys there.

Although it's really helpful, I think you may be barking up the wrong lamp post..
Article 48 merely defines who is a Football creditor when payment is due and is in default.
Under these terms, the rule simply defines that if we owe money to Middlesbrough et al, for whatever reason, then the debt is then treated as a preferential football debt and must be repaid in full.
At the time of going into administration, and as of right now, we do not owe Middlesbrough or Wickham any money at all. Zilch. 
However, the administrators view, quite rightly, is that although Middlesbrough are a football creditor ordinarily by definition, this action is potentially one of litigation for damages, and is clearly in dispute and indeed was not even filed for litigation prior to DCFC going into administration (presumably with Middlesbrough following EFL instruction).  
There is no debt, there are no amounts owed, currently.
The EFL however will have convinced Middlesbrough that they [EFL] will decide what, if anything, is owed - to avoid costly litigation. And we all know very well what that usually means... ?
The problem is that, as this should have been a matter of litigation not arbitration, the EFL has indeed shot themselves in both feet and may now, quite rightly, either be sued by DCFC or sued by Middlesbrough.
The EFL's own incompetence and delusions of an all-powerful being, has put all parties in a lose/lose situation. 
The only way out I can see is for the EFL to pay off Middlesbrough and Wickham.
The alternative being that DCFC goes into liquidation and the EFL's litigation problem potentially goes away, but things then may get a whole lot worse and the EFL risks being reformed into something else..
I'd like to see all parties stick to their guns, we go to court external from the EFL, and DCFC finds funding for the remainder of the season.
That way the EFL will almost certainly implode, DCFC gets to survive.
So, admins - find the cash from one of the potential owners, go to court and get a ruling. The EFL can whistle. The new owners then buy the club once the litigation is concluded. I.e. some time in the summer... 

Although it's really helpful, I think you may be barking up the wrong lamp post..
Article 48 merely defines who is a Football creditor when payment is due and is in default.
Under these terms, the rule simply defines that if we owe money to Middlesbrough et al, for whatever reason, then the debt is then treated as a preferential football debt and must be repaid in full.
At the time of going into administration, and as of right now, we do not owe Middlesbrough or Wickham any money at all. Zilch. 
However, the administrators view, quite rightly, is that although Middlesbrough are a football creditor ordinarily by definition, this action is potentially one of litigation for damages, and is clearly in dispute and indeed was not even filed for litigation prior to DCFC going into administration (presumably with Middlesbrough following EFL instruction).  
There is no debt, there are no amounts owed, currently.
The EFL however will have convinced Middlesbrough that they [EFL] will decide what, if anything, is owed - to avoid costly litigation. And we all know very well what that usually means... ?
The problem is that, as this should have been a matter of litigation not arbitration, the EFL has indeed shot themselves in both feet and may now, quite rightly, either be sued by DCFC or sued by Middlesbrough.
The EFL's own incompetence and delusions of an all-powerful being, has put all parties in a lose/lose situation. 
The only way out I can see is for the EFL to pay off Middlesbrough and Wickham.
The alternative being that DCFC goes into liquidation and the EFL's litigation problem potentially goes away, but things then may get a whole lot worse and the EFL risks being reformed into something else..
I'd like to see all parties stick to their guns, we go to court external from the EFL, and DCFC finds funding for the remainder of the season.
That way the EFL will almost certainly implode, DCFC gets to survive.
So, admins - find the cash from one of the potential owners, go to court and get a ruling. The EFL can whistle. The new owners then buy the club once the litigation is concluded. I.e. some time in the summer... 

Although it's really helpful, I think you may be barking up the wrong lamp post..
Article 48 merely defines who is a Football creditor when payment is due and is in default.
Under these terms, the rule simply defines that if we owe money to Middlesbrough et al, for whatever reason, then the debt is then treated as a preferential football debt and must be repaid in full.
At the time of going into administration, and as of right now, we do not owe Middlesbrough or Wickham any money at all. Zilch. 
However, the administrators view, quite rightly, is that although Middlesbrough are a football creditor ordinarily by definition, this action is potentially one of litigation for damages, and is clearly in dispute and indeed was not even filed for litigation prior to DCFC going into administration (presumably with Middlesbrough following EFL instruction).  
There is no debt, there are no amounts owed, currently.
The EFL however will have convinced Middlesbrough that they [EFL] will decide what, if anything, is owed - to avoid costly litigation. And we all know very well what that usually means... ?
The problem is that, as this should have been a matter of litigation not arbitration, the EFL has indeed shot themselves in both feet and may now, quite rightly, either be sued by DCFC or sued by Middlesbrough.
The EFL's own incompetence and delusions of an all-powerful being, has put all parties in a lose/lose situation. 
The only way out I can see is for the EFL to pay off Middlesbrough and Wickham.
The alternative being that DCFC goes into liquidation and the EFL's litigation problem potentially goes away, but things then may get a whole lot worse and the EFL risks being reformed into something else..
I'd like to see all parties stick to their guns, we go to court external from the EFL, and DCFC finds funding for the remainder of the season.
That way the EFL will almost certainly implode, DCFC gets to survive.
So, admins - find the cash from one of the potential owners, go to court and get a ruling. The EFL can whistle. The new owners then buy the club once the litigation is concluded. I.e. some time in the summer... 

Although it's really helpful, I think you may be barking up the wrong lamp post..
Article 48 merely defines who is a Football creditor when payment is due and is in default.
Under these terms, the rule simply defines that if we owe money to Middlesbrough et al, for whatever reason, then the debt is then treated as a preferential football debt and must be repaid in full.
At the time of going into administration, and as of right now, we do not owe Middlesbrough or Wickham any money at all. Zilch. 
However, the administrators view, quite rightly, is that although Middlesbrough are a football creditor ordinarily by definition, this action is potentially one of litigation for damages, and is clearly in dispute and indeed was not even filed for litigation prior to DCFC going into administration (presumably with Middlesbrough following EFL instruction).  
There is no debt, there are no amounts owed, currently.
The EFL however will have convinced Middlesbrough that they [EFL] will decide what, if anything, is owed - to avoid costly litigation. And we all know very well what that usually means... ?
The problem is that, as this should have been a matter of litigation not arbitration, the EFL has indeed shot themselves in both feet and may now, quite rightly, either be sued by DCFC or sued by Middlesbrough.
The EFL's own incompetence and delusions of an all-powerful being, has put all parties in a lose/lose situation. 
The only way out I can see is for the EFL to pay off Middlesbrough and Wickham.
The alternative being that DCFC goes into liquidation and the EFL's litigation problem potentially goes away, but things then may get a whole lot worse and the EFL risks being reformed into something else..
I'd like to see all parties stick to their guns, we go to court external from the EFL, and DCFC finds funding for the remainder of the season.
That way the EFL will almost certainly implode, DCFC gets to survive.
So, admins - find the cash from one of the potential owners, go to court and get a ruling. The EFL can whistle. The new owners then buy the club once the litigation is concluded. I.e. some time in the summer... 

Oh, make no mistake, these claims from Gibson are spurious at best, and a downright fantasy at worst. Still, these claims are being brought up from a time when it was his tenure and if he is a fan of this club, he'd be fronting up to try and save it.
Still doesn't mean the EFL shouldn't have done their job properly 5 years ago and said to Morris "Hey, you can't fill in your accounts that way". If they had, then all this would have been avoided.

When all of this is done and dusted, I can't wait for the independent inquiry starting from the very beginning.
From us changing amortisation policy, it being approved by the EFL, stadium sale, stadoum sale profit being approved, the decision to revisit the accounts, the charges, the choice of experts to justify the charges, the makeup of the LAP, the constant delays, being "dissapointed" at outcomes and "regret" over being unable to appeal, and then the recent mess over the last few months.
There should only be one outcome from all of that...