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Oldben

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  1. Like
    Oldben got a reaction from RadioactiveWaste in The Administration Thread   
    If there's a win for m/w it means liquidation, then reestablishing a new club.
    I think that club would be in League Two?!
    Rangers, a Scottish football club, had financial issues in the late 2000s. 
    The Rangers Football Club plc went into administration in February 2012. 
    HM Revenue and Customs (HMRC) refused to allow Rangers to exit administration via a Company Voluntary Arrangement (CVA) (CVA). 
    Rangers Football Club plc went bankrupt on October 31, 2012.

     
    Due to the CVA refusal, the administrators had to sell Rangers to a new company run by Charles Green. 
    The Scottish Premier League's other clubs refused to let the new company take over the old company's membership. 
    Green then joined the Scottish Football League. 
    Rangers (now trading as The Rangers Football Club Ltd) joined the Scottish Football Association (SFA) in time for the 2012–13 season. 
    Rangers were promoted to the Scottish Premier League in 2016 and won their first title since insolvency in 2021.
     
  2. Like
    Oldben got a reaction from RAM1966 in The Football Creditor rule is explicit, simple, and solves all of Derby's issues   
    Arbitration has several flaws.
    An arbitral award may be contested in domestic courts only in the following cases:
    A major irregularity affecting the tribunal, procedures, or decision has caused or will cause some injustice; and the appeal is on a matter of law resulting from the award (although this basis for appeal may be omitted in the arbitration agreement.)
    Each person must assess the benefits and downsides of arbitration. As a result, the following points are ambiguous.
    Regardless of the outcome of arbitration on Derby, the decision is binding, that means Derby's administrators could absolve themselves from any decision by the arbitration panel, simply by saying that they did not agree with the verdict but had no choice but to go through arbitration to resolve the claims (regardless of whether those claims are fair).
    Many decisions by the efl arbitration process have been considered unfair.
    The efl arbitration panel will consist of 3 QC's but no jury, and although experts are called to give evidence, there is no guarantee that football insolvency specialists will be called. The review will be against the efls own rules, which some might argued require might not be entirely fit for purpose.
    HMRC do not like the football arbitration panels as these rule football creditors as more important than they are, they have challenged this, but failed in the process.
    Its possible Middlesbrough and Wycombe could receive significant payment awards via the process, and that doesnt mean that other creditors would reduce their demands, ergo Derby would cease to exist.
    See the list below.
     
    Arbitration Pros
     
    Arbitration helps.
    Arbitration is cheaper than court. This isn't always the case.
    Other dispute settlement methods take longer since arbitrators have less work and time.
    Either the parties or a system pick arbitrators. A neutral arbiter may be chosen by both parties (or arbitrators).
    Even if an arbitrator errs, the award stands. This may assist settle a dispute.
    There may be a lot of paperwork, hearings, and depositions during litigation. Arbitration may save time and money by avoiding court.
    They are not public, nor are their transcripts. This might be useful for collecting.
     
    Arbitration Cons
    Arbitration does not always save money. Arbitration may be more costly than litigation in certain situations. It's up to you whether they're One only. This increases the expenses of the arbitration.
    Some say a little dispute may be resolved in small claims court. Arbitration may be more known to businesses.
    Arbitration isn't always faster, cheaper, or better. A lot of people, arbitrators, and legal conflicts might cause this.
    A contract's small language may require customers to arbitrate conflicts. Other states may need more funds and time off.
    Not even clearly erroneous arbitrator judgments may be reversed. The court has little power to overturn an unfair result.
    Most customers and people respect a peer jury. No judge. One arbitrator may be both judge and jury.
  3. Like
    Oldben reacted to uttoxram75 in The Football Creditor rule is explicit, simple, and solves all of Derby's issues   
    We know they are football creditors if they win. - No we don't, there's no precedence for clubs claiming against other clubs in administration.
    I’m sure the EFL agree with us on that, indeed the EFl is completely on our side in these disputes. - Parry has made it blatantly obvious that he wants Gibsons pathetic claim to become a football debt.
    There is nothing the EFL can do to help us, except lobby the extortionists, which they are undoubtedly doing) - Not true, the EFL could have made the call ages ago that any claim Gibson made would not be classed as a football debt. He didn't because he was scared that Gibson would sue the EFL instead.
    If we go out of business, if our club dies, it will be Morris who put us in the dock, but it will be Parry and Gibson who have acted as judge and jury and carried out the execution.
    They will not be forgiven.
  4. Like
    Oldben reacted to Bubbles in Luke Plange   
    First of all, for any rivals who come onto this platform. Don’t read ahead, This topic is just talking about how he’s a poor player.
     
    Now hopefully any rival clubs/fans have clicked off - What a talent.
    He’s got such a bright future ahead of him, made me emotional re-watching his goal.
    I can see him being pivotal in keeping us up, and next season, whether we do stay up or not.
    I genuinely don’t say this that often but this lad could really make a name for himself here, he’s a bagsman. his hold up play is brilliant for a young lad, and will only get better!
    His work rate for me is top bins and I really feel like he’s gonna grow into a fantastic player - WR said we aren’t going to be selling, and if he can keep up the way he plays throughout the rest of the season then my God, we’re either in the money, or have a brilliant talent on our hands for next season (hopefully the latter!)
     
  5. Like
    Oldben got a reaction from Indy in The Administration Thread   
    For gibson it's about this ...
    https://www.google.com/amp/s/www.gazettelive.co.uk/sport/football/football-news/middlesbrough-fc-reveal-record-35m-20201847.amp
    For Wycombe it's about believing that lost 20 million when relegated, their ignoring the fact they probably should not have been in the Championship in the first place, they only were in the Championship because league one ended earlier than it should have done.
    Wycombe were not good enough in the Championship and so were rightly relegated.
    Now they want some money from Derby, which they don't deserve. There case is based on when Derby submitted details back to efl and Derby did so within the allowed time table - case dismissed!
     
     
  6. Like
    Oldben got a reaction from Kathcairns in The Administration Thread   
    For gibson it's about this ...
    https://www.google.com/amp/s/www.gazettelive.co.uk/sport/football/football-news/middlesbrough-fc-reveal-record-35m-20201847.amp
    For Wycombe it's about believing that lost 20 million when relegated, their ignoring the fact they probably should not have been in the Championship in the first place, they only were in the Championship because league one ended earlier than it should have done.
    Wycombe were not good enough in the Championship and so were rightly relegated.
    Now they want some money from Derby, which they don't deserve. There case is based on when Derby submitted details back to efl and Derby did so within the allowed time table - case dismissed!
     
     
  7. Like
    Oldben got a reaction from cstand in Luke Plange - signed for Palace & loaned back   
    His current contract expires June 30, 2023.
     
  8. Cheers
    Oldben got a reaction from DCFC1388 in Luke Plange - signed for Palace & loaned back   
    His current contract expires June 30, 2023.
     
  9. Like
    Oldben got a reaction from Crewton in Luke Plange - signed for Palace & loaned back   
    His current contract expires June 30, 2023.
     
  10. Clap
    Oldben reacted to Sparkle in Luke Plange - signed for Palace & loaned back   
    The quality of his finish today and against Stoke were superb and if we were ever considering selling him we would be pretty stupid unless it was for an extreme amount of money - forest would be getting £12 million plus 
  11. Cheers
    Oldben got a reaction from WhiteHorseRam in The Administration Thread   
    Absolutely agree here.
    I don't trust efl arbitration, I do trust a court of law.
    I think in a court of law these claims are ruled out, however it needs a great lawyer to make that happen.
    Arbitration is the first step though, with no agreement its in to court fast.
    I agree that there's zero chance boro would have beaten Villa, thar season Boros hopes were killed by a number of teams.
    Boro can't blame Derby after spending a lot more money than Derby did that season.
    Agreed on wycombe.
    I'm disappointed that Derby didn't go to court soon on this, was it delayed to make more money for the administrators.
    Yes there's a cost in going to court and a possible loss but it would seem to resolve a lot of the club's potential future
  12. Like
    Oldben got a reaction from r_wilcockson in The Administration Thread   
    Absolutely agree here.
    I don't trust efl arbitration, I do trust a court of law.
    I think in a court of law these claims are ruled out, however it needs a great lawyer to make that happen.
    Arbitration is the first step though, with no agreement its in to court fast.
    I agree that there's zero chance boro would have beaten Villa, thar season Boros hopes were killed by a number of teams.
    Boro can't blame Derby after spending a lot more money than Derby did that season.
    Agreed on wycombe.
    I'm disappointed that Derby didn't go to court soon on this, was it delayed to make more money for the administrators.
    Yes there's a cost in going to court and a possible loss but it would seem to resolve a lot of the club's potential future
  13. Haha
    Oldben got a reaction from Ghost of Clough in The Administration Thread   
    Actually we should probably do our own spoof outside wycombe and boro, what we think of boro and Wycombe owners, from outside their grounds.
  14. Clap
    Oldben got a reaction from David Graham Brown in The Administration Thread   
    The actors used here, were not that great but were at least happy with the pay from the Bucks free press (such a well known news service) and equally the home of Wycombe, high Wycombe, Buckinghamshire.
  15. Haha
    Oldben got a reaction from Premier ram in The Administration Thread   
    The actors used here, were not that great but were at least happy with the pay from the Bucks free press (such a well known news service) and equally the home of Wycombe, high Wycombe, Buckinghamshire.
  16. Clap
    Oldben reacted to Day in The Administration Thread   
    I won't attempt to speak on behalf of Derby fans, only myself and politely request to be excluded from this apology. 
    Boro and Wycombe are owed nothing, no apology and not a penny. 
  17. Like
    Oldben got a reaction from RadioactiveWaste in The Administration Thread   
    With debt that was restructured by a court, there are a lot of things that creditors worry about in a debt restructuring that are talked about in this paper. The first is when creditors who don't agree with the restructuring are forced to do so. This opens the door to abuse of the dissenting minority, and in particular, wealth transfers between creditors. When a restructuring is being worked out, a moratorium is put in place. This could be used by managers to keep businesses alive that aren't viable, or managers of a viable business could "shake off" liabilities that the business can afford to pay. It also raises concerns for existing creditors about how well they will be protected by new provisions meant to encourage the financing of financially troubled businesses, especially those that prefer new lenders to existing creditors, such as banks. There are limits on creditors' rights that the court can and should keep an eye on. It should also make sure there is a good balance between saving the company and protecting the interests of small creditors.
    The English court's present role is vital in preventing creditor tyranny. The court must ensure that procedural criteria for restructuring are completed, including protections for creditors. But the position is more than that. For example, when a creditor seeks to enforce its rights in spite of the stay, the court may be asked to weigh the interests of an individual creditor with the interests of all creditors. To maintain effective creditor protection, creditors should not be worse off after a reorganisation than they would be if no restructuring occurred. For example, if a creditor's security is overridden but they are provided monthly cash payments instead, is this need satisfied? Even if the Insolvency Service's 2016 suggestions are enacted, the English courts must do more to address these problems.
  18. Angry
    Oldben got a reaction from strawhillram in The Administration Thread   
    Mirror reports Administrators as willing to accept 500k for Lawrence.
    Our last chance of staying in the championship.
  19. Like
    Oldben reacted to G STAR RAM in Steve Gibson trying to liquidate Derby   
    Another question to add if you do engage with him.
    For the 3 years ended 30 June 2018, the comparative figures for our 2 clubs were as follows:-
    Wages
    DCFC £108m
    Boro   £146m
    Net Transfer Spend
    DCFC £38m
    Boro   £90m
    Do you really believe that DCFC gained a competitive advantage over Boro by using a different method of amortisation?
  20. Like
    Oldben reacted to Ram a lamb a ding dong in CALLING MEL MORRIS   
    I've bit my lip long enough.....
    I'm not Interested in MM one bit. He is 100% to blame for all this and clearly doesn't care much for the people of Derby, especially with us being dragged through the mire.
    If it were me I would hold up my hands admit I've screwed up and do what I can to put things right before sailing off in to the sunset. If he had no links with Derbyshire you could make excuse for him. The fact he's from Derby makes it downright shameful.
    If I had the money I would bail the club out as I know what the club means to the people of Derby. It absolutely breaks me that I could have taken my Grandson to PP for the last time and it is all down to MM
  21. Like
    Oldben reacted to S8TY in CALLING MEL MORRIS   
    Oh that’s big of him …if he’d run the club right we wouldn’t have to be renting our own ground…the bloke is a disgrace not paying HMRC …what was he thinking ffs
  22. Clap
    Oldben reacted to Ghost of Clough in -15 points on exiting administration??   
    It's just giving Kieran Maguire's opinion that £28m isn't enough to cover the minimum amount to avoid the 15 points. My opinion is that it is enough.
    His opinion is based on £20m MUST be repaid to MSD and £8m MUST be paid to Arsenal/Lech upon exiting administration, leaving nothing else for anyone else. My belief is those transfer payments will only have to be paid when they fall due, and the £20m can be dealt with at a later date upon agreeing with MSD.
  23. Haha
    Oldben got a reaction from Indy in The Administration Thread   
    https://www.redbubble.com/i/poster/Steve-Gibson-Subbuteo-Man-by-Luckythelab/17599510.LVTDI
    The steve gibson merchandise ... mug, t-shirt, stickers.
    A lot of rubbish!
     
  24. Haha
    Oldben got a reaction from Gritstone Tup in The Administration Thread   
    Does anyone else have problems getting Gibson to play fairly on there subatero football game, my falls over and crys foul every time a Derby player comes near him.
    The efl ref doesn't help.

  25. Haha
    Oldben got a reaction from TomG in The Administration Thread   
    Does anyone else have problems getting Gibson to play fairly on there subatero football game, my falls over and crys foul every time a Derby player comes near him.
    The efl ref doesn't help.

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