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Phuket Ram got a reaction from r_wilcockson in The Administration Thread
They can take all the advice they want, but they will have a continuing contractual obligation to the club (and it’s successors) which means they can’t even buy out their contracts unless the club agrees. I think it will be the agents trying to engineer a pay day. Can’t see it happening. Just posturing by the agents.
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Phuket Ram reacted to Derbados in The Administration Thread
Before now wasn’t it headed up by Schteves son with representation from Morris’ kid on there as well?
Farcical
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Phuket Ram got a reaction from jimtastic56 in The Administration Thread
I can’t believe that with all these “interested parties” (bidders), none of them has made a bid that will satisfy Q’s option 1, or option 2.
Surely you’re not a credible bidder if you can’t avoid the -15 points, because wtf would you genuinely buy a club, knowing that you’re more or less consigning them to league 2??
So, are Q really saying that we have NO credible bidders? Seriously?
i am almost at the point of saying fk it, sell it to whoever gives the most £ and let them deal with the sh!tstorm they create themselves.
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Phuket Ram reacted to curb in Chris Kirchner Apology
Personally I think he got cold feet because of the hate mail he got after Ed Dawes big ‘announcement’.
Ive only a hunch to base it on though, we’ll probably never know.
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Phuket Ram reacted to RoyMac5 in The Administration Thread
I understand what you're saying, but that is why Q have to prove the Club has funds to play for the whole season. Otherwise the EFL will not let us start, they don't want us dropping out or being kicked out.
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Phuket Ram reacted to PistoldPete in The Administration Thread
You are absolutely right. You really do know nuffin.
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Phuket Ram reacted to Crewton in The Administration Thread
Thanks for checking. It's what I deduced from Q's document, but I was far from certain. Like you, I'm not sure what the additional loans are secured against, but it could mean, perhaps, that the stadium price is still the value of the original MSD loan.
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Phuket Ram got a reaction from Crewton in The Administration Thread
I looked again at this, Crewton, and although the MSD fixed charges do cover the property leases, I stupidly didn't read far enough to notice that they were signed by Carl Jackson, from Q!! So you are right - the additional loans from MSD from November 2021 are not secured by the Stadium, but by other DCFC leasehold assets. What this means then, is that the Stadium price is not increasing; and the subsequent loans can be repaid separately (although MSD still secured creditors). Got there in the end lol.
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Phuket Ram got a reaction from Crewton in The Administration Thread
Possibly, but unlikely in my opinion. The Debenture is already defined within the existing charge against the stadium, all tangible property leases and pretty much anything MSD could think of at the time. I'm not sure there are any tangible or intangible assets not already subject to the DSB charge which would come anywhere near to meeting the value of the loan(s). I think it's just Q getting excited over terminology.
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Phuket Ram reacted to alram in The Administration Thread
yes it is.
mel is an unsecured creditor. he is writing off his loans as things stand, that could change if we wakes up and decides differently.
please dont talk about being factually incorrect when everything you have said is factually incorrect
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Phuket Ram got a reaction from Carnero in The Administration Thread
lol it is correct buddy, corporate data is nothing to do with GDPR. GDPR is law for the use of Personal Data. Of course companies get fined for breaking the rules but they are not protected by GDPR - is the point that was being made.
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Phuket Ram reacted to FlyBritishMidland in The Administration Thread
Does apply to businesses. Maximum fine is £72M.
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Phuket Ram got a reaction from alram in The Administration Thread
Yeah, I was biting my lip when I saw that too. You are of course right, GDPR only applies to individuals and their personal data. No idea why Q quoted it, but like covid, it’s a commonly referenced excuse these days
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Phuket Ram reacted to Gaspode in The Administration Thread
So your main issue is with Ashley potentially screwing the creditors, but you don’t mind if other buyers do the same? Appleby or Morgan (or whoever) won’t be dishing out more money than they absolutely need to - and don’t forget that CK was only basing his bid on the minimum needed to avoid a points deduction, not because he felt particularly benevolent towards the creditors.
Seems you just don’t want Ashley - but it’s probably better to just state that rather than make out his approach to buying us will be any different to anyone else - as far as his practices as a club owner, we’re a completely different proposition to Newcastle - no-one (possibly not even Ashley himself) knows how he will look to run the Rams…..
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Phuket Ram reacted to Gaspode in The Administration Thread
It's not Ashley's fault that the businesses are owed money - that blame lies with Morris......
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Phuket Ram reacted to uttoxram75 in The Administration Thread
Drugs or wumming?
Keeping an eye on you ?
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Phuket Ram reacted to BucksRam in The Administration Thread
Usual woolly answer which basically means I don't really know, but I shan't say that, I'll just repeat what everyone has said in that it shouldn't cost £50m to buy Derby.
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Phuket Ram got a reaction from jimtastic56 in The Administration Thread
They are mate.
They are preferential unsecured creditors - which means they get to make the first agreement after secured creditors.
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Phuket Ram reacted to duncanjwitham in The Administration Thread
Her name's Bethan Lee mate. It says so right at the top ?
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