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IslandExile

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  1. Clap
    IslandExile reacted to maxjam in The Administration Thread   
    Good communication for a change - although I wish I hadn't read it!
    The only bid we've received that met the 2 criteria laid out has been withdrawn and its getting late in the day now for another - especially as costs keep rising.
    We need someone to move quickly with a substantial bid otherwise the EFL will be flexing their muscles ? 
  2. Haha
    IslandExile reacted to Chester40 in The Administration Thread   
    My missus' most common complaint about me is that she says I'm 'like a dog with a bone' and will just argue and argue a point to death...
    She really doesn't know how lucky she is! This thread makes me seem the most relaxed, agreeable chap ever!
  3. Haha
    IslandExile got a reaction from Miggins in The Administration Thread   
    You've lost the thread?
  4. Clap
    IslandExile reacted to strawhillram in Worst case scenario   
    I’ve lost interest in football generally. Used to live for it.  At  the moment I only remain  interested in it because of DCFC. 
    If  the worst happens I’ll give up on football completely.
    Gives me more room for other activities that we are less stressful
  5. Clap
    IslandExile reacted to angieram in The Administration Thread   
    Quantuma did respond to the original letter, Caerphilly, they just said nothing.
    "We have since corresponded with Quantuma to ask what the deadline is for receiving bids. The response was that although it has been made clear to bidders that timescales are short, no specific deadlines have been set, but there is good progress."
    That's why RamsTrust composed the second letter, which was a bit more forceful and was agreed and signed by several of the supporters groups. You are right that so far Quantuma haven't responded to that one! 
    I feel there are two separate conflicts here.
    The first one is between prospective bidders, who are carefully leaking selective information to the press in the hope of pushing rivals into making statements that give them insight into where they should be pitching their own bids.
    The second one is a war of attrition between Quantuma and the EFL, with neither of them trusting the other.
    I think the EFL are convinced that Quantuma aren't playing with a straight bat and appear to be manipulating the bidding process in support of their preferred purchasers, rather than running an open competition. I would imagine that the EFL are very suspicious that the former owner might have something to do with that.
    I think that Quantuma are very suspicious of the EFL's motives in wanting confidential information that may be used against them by the EFL in making threats against the future status of the club and then interfering in the bidding process. Are Quantuma thinking this completely independently, or is a former owner putting these suspicions into their head? 
    I like your optimistic take on events. Mine is less so, in that I can see no sensible reason for Quantuma spending so long on Kirchner and his bid if they thought there were other credible bids out there.
    I therefore think they are trying to fool someone to throw enough cash on the table to get us out of this mess whilst satisfying the intransigent demands of the former owner. I am increasingly thinking they won't succeed and I think the EFL think the same, hence the current standoff. I hope you're right and I'm wrong!
  6. COYR
    IslandExile reacted to PhilGeeWasMyIdol in We will rise again   
    Don't know what to say. Most of us don't know what is happening. It is a shambles, but we know that.
    What I want to say is that, from my heart, we just need someone, be it Appleby, Moxey, Ashley. We are running out of time. What a club to buy though.
    I want to be at Pride Park. Soaking up the south stand. I was a  young Normanton upper. Then Popside. 
    The tifo said we will rise again. We will. I saw some glory days of Shilton, Wright, Saunders, Wanchope, Stimac and Sturridge. What a club.
    So... now or never. Don't worry lads and lasses, it wont be too long now. 
     
    Ps. It is a wide family we have, I live in Yorkshire now, we are all over, UTR.
    WE WILL BE BACK
     
     
     
     
     
     
     
     
     
    i
  7. Clap
    IslandExile reacted to alram in The Administration Thread   
    can we take a moment out here and actualy address the content of the letter instead of turning it against the EFL?
     
    that the administrators are not working with the efl is not only hugely concerning but it is shocking behaviour. it feels like the only party not doing anything to save us is the clueless admins.
  8. Cheers
    IslandExile reacted to RoyMac5 in The Administration Thread   
    Mods pls remove if not allowed - not sure on this one.
    "I think it is important that I first clarify the EFL’s position regarding the issue of deadlines which you raise in your letter. 
    The EFL will permit a club to play in its competition while in administration for a maximum of 18 months. However, a club will not be permitted to start two consecutive seasons in administration. Given Derby County entered administration in September 2021, after the beginning of the 2021/22 season, it is the 18-month deadline that is more relevant here and will require the club to exit administration by March 2023 at the very latest. 
    That said, an administrator can only continue to trade a business if they have the necessary funding to do so. Therefore, there are fundamentally two options. 
    1. The administrator can restructure a business to ensure it can operate on a break-even basis until a new buyer can be identified. This will often involve stripping cost out of the business to ensure that its outgoings do not exceed its income.
    2. Alternatively, the administrator can seek to utilise an external source of funding to cover the trading shortfall. Often this will be the preferred bidder as they go through the purchase process. While this avoids the challenges associated with cutting costs from the business (and the potential that it will devalue it to some degree) it is an approach that is inherently riskier, particularly if a funder is not forthcoming or if the administration process becomes protracted. In this case the administrators have funded the ongoing trading losses with further advances from an external funder which has security on the stadium. This of course has created a liability that the administrators need a prospective purchaser to repay as part of the sale consideration.  This debt has obviously grown with every passing month of administration trading.
    As it stands the administrators of DCFC will need to provide the Board of the EFL with evidence that the club will meet its commitment to the competition for the 22/23 season (including an exit before March 2023) to avoid the club beginning the season but not completing it. 
    Our desire to understand this situation better and take proactive action to move it forward led to last week’s statement where we announced the amendment of our Notice of Withdrawal conditions. 
    Since then, the EFL and Quantuma have held daily meetings. However, the administrators have informed us that the confidentiality arrangements agreed with bidders, plus obligations owed by the administrators to individuals under the UK’s General Data Protection Regulations, means they are unable to confirm the identity of any bidder without the express consent from the relevant bidder.  In order to explain our position, we have asked for calls with the solicitors acting for those bidders who have refused consent. These calls have not yet taken place.
    As you can imagine this is extremely frustrating for us. Firstly, with considerable experience in this area we believe we can help review any proposed exit plans to identify any issues as early as possible so we can then work with them to try and find any potential solutions.
    Secondly, we will have significant work to do on verification of compliance with the Owners’ and Directors’ Test as well as an assessment of the ultimate source and sufficiency of funding. This clearly cannot start until we have the necessary information. 
    In the circumstances therefore, if you require further information this will have to be provided by the administrators. 
    To return to your original query re deadlines I understand some may say we should be stronger and impose specific deadlines but given our powers derive from the ability to withdraw central funding, impose sporting sanctions and/or ultimately withdraw membership it is difficult to see how this is beneficial to the Club at this time. As we have maintained throughout this process our priority has been doing what is within our power to assist those seeking to take the club out of administration. We continue to remain in the hands of the administrators to deliver a successful sale of the club.
    We will continue to push for receipt of the necessary information and are happy to have a further update call with you early next week.
    Kind regards
    Trevor Birch
    Chief Executive Officer"
  9. Clap
    IslandExile reacted to B4ev6is in The Administration Thread   
    I just want tweet take over Is done new owners is.
  10. Clap
    IslandExile reacted to Ram-Alf in The Administration Thread   
    It was/is his association with Sheridan, History in todays world of public life and media storms stops Davies from being employed in football, Any owner who employs him should know about his past allegations...a millstone around a clubs neck can weigh you down.
    Also...I was pi$$ed off with his interview straight after our victory against WBA in the play off final ?
  11. Like
    IslandExile reacted to eccles the ram in Liam Rosenior   
    Leroy Rosenior just been on SSN. Says Liam still has a great attachment to Derby and desperately wants, along with Wayne, someone to buy the club. He mentioned the staff,fans, the community all affected by the 'situation at Derby'. Very eloquent Leroy, well done mate. Now I know why Liam speaks so passionately. A chip off the old block. 
     
  12. Cheers
    IslandExile reacted to maxjam in The Administration Thread   
  13. Haha
    IslandExile reacted to Bris Vegas in The Administration Thread   
    How many times have we told you Billy, stop talking about yourself in the third person.
  14. Cheers
    IslandExile reacted to Carl Sagan in The Administration Thread   
    You might think so but according to reliable sources such as Punjabi Rams the admins have specifically stated there is no deadline. Which is concerning to everyone:
     
  15. Cheers
    IslandExile reacted to RoyMac5 in The Administration Thread   
    "Former Wolves owner Steve Morgan and ex-Derby chairman Andy Appleby are considering a joint bid to buy the Rams out of administration and save them from liquidation.
    ...Morgan and Appleby have been put together by ex-Wolves chief executive Jez Moxey. He has been involved in American Appleby’s bid to buy Derby and knows Morgan well from their days working together at Molineux.
    ...It is hoped that a deal to take Derby out of administration will be struck before Thursday, when the 2022-23 EFL fixtures are released, although EFL sources say no deadline has been set and that interested parties will be given time to conclude a deal beyond that date."
  16. Like
    IslandExile reacted to RoyMac5 in The Administration Thread   
    I don't think they do. 
    Fans love success. I doesn't mean over-spending. You could say last season was a success of sorts. It made me very proud of my Club. That's the feeling most fans want, it usually comes with winning things - I hope we can try and win the Papa Johns trophy, I still remember winning the Watney Cup! 
     
  17. COYR
    IslandExile reacted to Jimbo Ram in The Administration Thread   
    Why doesn’t one of the bidders bid £100 mill for goodness sake….this is Derby County ?
  18. COYR
    IslandExile reacted to TomG in The Administration Thread   
    Some saying that DCFC, a League 1 club, is not worth £50m. All I will say is that owning that badge is priceless.
  19. Clap
    IslandExile 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. 
  20. Clap
    IslandExile reacted to Wolfie in The Administration Thread   
    Hmmm, Appleby for £50m+ or Ashley for £28m (and -15 pts).
    It's a toughie....
  21. Like
    IslandExile reacted to Animal is a Ram in The Administration Thread   
    Interesting, now over £50m!
     
  22. Like
    IslandExile reacted to RoyMac5 in The Administration Thread   
  23. Like
  24. Cheers
    IslandExile reacted to Animal is a Ram in Liam Rosenior   
    Rosenior stays!*
     
    *for now..
  25. Like
    IslandExile got a reaction from willipa in Keep postive everyone things will get better   
    Nah, don't be superstitious.
    Lots of us thought Kirchner would be the new owner, not just you. No such thing as jinxing it.
    Like everyone, you and me just want this settled as soon as possible.
    (And @Mostyn6 is only joking even if it's difficult to tell sometimes)
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