atherstoneram

1 hour ago, bimmerman said:

Now the shop is ran by fanatics,does money from shirt sales go direct to the club anymore? Looking at buying my yearly cut price shirt and just wondered now Morris sold something else off as well

No,Fanatics are a retail company who sell the clubs merchandise,they also employ the staff that are employed in the shop.the club will get a percentage of sales.That is why Fanatics are not part of the club in administration,they are a completely different entity to DCFC.

2 hours ago, StrawHillRam said:

The problem is that there is nobody acting in the best interests of the club

That's what happens when you enter administration,

1 hour ago, PistoldPete said:

No it's not up to HMRC. Ultimately if HMRC do not agree a compromise it will be up to the insolvency court to decide. And if Parliament is saying on record that HMRC are not the issue then well that's not going to help HMRC contest the fundamental truth  that HMRC are better off with something rather than nothing.

HMRC have a big say as to a company wanting to exit administration,the club has to satisfy HMRC as well as the EFL. The HMRC have their own rules for the club to adhere to not just the EFL.

And as you keep repeating something is better than nothing but for them to accept something it has to be acceptable to them,they don't have to or will accept just any offer.  

1 hour ago, Ghost of Clough said:

HMRC could insist on 100%, but it's up to them if they will accept less. As we know, 100% will result in liquidation, but the discussions between MPs kind of suggests they'll strike a large chunk of that off

MP's can suggest what they like, it makes them look as if they care.It is up to HMRC and the Exchequer to make the final decision. Some MP's would go to the opening of an envelope if it made them look good.

1 minute ago, Wolfie20 said:

99.9% of posters on this thread are just guessing - well that's my guess anyway.

Think we should have a poll to make sure.

6 hours ago, TheresOnlyWanChope said:

The Boro match could be a bit explosive. I imagine unsavoury chants and actions by both sets of fans could happen 

Indeed and when a faction of our fans possibly react by things escalating we are playing right into EFL hands with a massive fine and further points reduction by failing to control our fans, you can just see it coming. 

2 hours ago, PistoldPete said:

No thats not true Roy. The club is a separate entity from the Company that owns it. Wigan were liquidated last year, still playing in the EFL in fact no further punishment apart from the 12 point deduction which as it happened did relegate them to League One.
 

And it's still the same club. The same badge, the same history , the same ground , the same fans. 

Leeds United were liquidated too. Same thing.

It will be sad to see the old Company go but to be honest it may be that that is what Q were planning anyway, liquidating the old Company and transferring the club to a new one.  

That  is not a phoenix club. It's a phoenix Company.

 

The rules were changed after Leeds got liquidated, Wigan were sold on before the company that originally bought them out of administration went bust Wigan FC were never liquidated.

2 hours ago, Black ('n' White) Sheep said:

Grow your interest pretty quickly then Ashley/Appleby... If I were the admins, I'd be putting a deadline for any 'better' bids to be placed and, if none materialise, make the Binnies the preferred bidders.

The administrators can only make the Binnies (or anyone else) preferred bidders if it gets agreement from the creditors.

2 hours ago, Sparkle said:

None of that is right though - if I was one of the creditors I would consider legal action on agreeing to pay someone who doesn’t have an exact fixed charge against the club 

Agreed,how can the administrators give the go ahead for that when it seems to ignore the creditors, the very reason they are at the club in the 1st place.

6 hours ago, peakram said:

Surely latest results would encourage a genuinely interested bidder to step up now while there is a realistic chance to stay in this division and keep the squad together / add to it rather than wait until it’s dismantled and face the prospect of a few seasons in the lower leagues.
I agree hypothetical claims from Boro and Wycombe really shouldn’t be brought into the current situation by the EFL which only complicates matters and is frankly pie in the sky stuff. I’d think the chances of such claims proving fruitful would normally be virtually nil but in Derbys situation with time of the essence maybe these clubs are thinking they can get an easy windfall out of it.

Morris could at least do his bit by stepping in and sorting it if he really cared about the club so much but would involve swallowing his pride which I can’t see happening. Doesn’t help that the Boro CEO is apparently part of the EFL committee I guess.

Very proud of the efforts of the lads in the face of adversity.

MM could come clean as to why they think they have a claim.

Just now, Gee SCREAMER !! said:

The way the media and every hack have immediately started hammering the Rooney to Everton story within minutes, quite frankly, makes me want to vomit.  Where have the bankers been for 6 months when there was a real story. 

They have only been interested in Rooney not the club.

37 minutes ago, StaffsRam said:

They’d be mad coming after Rooney at this stage of his managerial development, but then I thought the same thing about Lampard and Chelsea…

Really, Rooney has already shown he is far better than Lampard when it comes to managing and no i was not an admirer of Rooney when he took over. Lampard did have funds at his disposal and also get some good loan signings in, he wasn't as tied financially as Rooney is.

I very much doubt that if Rooney was to go to Everton now he would end up like Lampard did, that's just how i see it.

6 hours ago, kevinhectoring said:

They assumed Gibson would do a deal before the Jan window closes. You heard their timetable. They made the elementary mistake of assuming he would act in a commercially rational way, as the other stakeholders have. Most people on here could have told them that was a naive assumption  

Instead they needed to be working in September on a way of addressing his claim that would satisfy bidders and the EFL. I think they will eventually find a way through it (the only one I can think of requires MM to get involved) but I think it will come too late for the squad and sadly make relegation a near certainty.  

I would have thought MM getting involved would just be fanning the flames.

4 hours ago, Gee SCREAMER !! said:

I mean funding for the foreseeable. not the fabricated liability.

I honestly believe the administrators think they would have been in a position to name a preferred bidder by now so funding for the foreseeable would not have been an issue.

10 minutes ago, kevinhectoring said:

the admins will use the cash to keep us as a going concern. ie fund the rest of the season   And MSD would want them to 

MSD can't tell the administrators how to act, there is nothing to stop them putting up the money to keep the club going until the end of the season if they so wish.

Quote

 

7 minutes ago, Ghost of Clough said:

Money raised would be to keep us going, up until a new owner can come in to pay off that debt. If liquidated, the spare cash will go to the creditors

We don't have proof that a new owner will come in.

The administrators role is to satisfy creditors and reduce debt not keep the club going until a new owner possibly takes over,if we don't get taken over and the admin have used money from player sales to fund the club until the end of the season that is money lost.

Just now, Sparkle said:

Not according to the EFL it seems 

I doubt that's the way the administrators see it,their job is to reduce the debt not to make sure we see the season out, we have transfer payments due next month which will be more of a priority to the administrators to make sure they are paid.

2 minutes ago, td_evans said:

So we let Marshall and Baldock go, presumably assuming that the wages provided by them both would be enough for the EFL to allow us to re-sign Jagielka. But that wasn't the case.

So even if we sell players, such as Sibley, there's absolutely no guarantee that the EFL will allow us to sign anyone else. Meaning by selling players we run the risk of having insufficient first team players.

So to summarise:

• We can't sign players without demonstrating we can finance the season
• We cannot finance the season without selling players
• And there is no guarantee that if we sold those players that the EFL would be satisfied and would relax our restrictions

Essentially the EFL want to strip our club bare of any assets, making it a League One club which will never be worth our debts

I would have thought if we sell any players it will go to reducing the debt and not provide funds to see the season out.

Just now, Eatonram said:

2 minutes ago, Eatonram said:

I understand the efl wanting proof of funds. Are they asking every other Club? Even the ones losing £400k a week? If not why not and don’t just say because of admin as running out of money has the same implications even if not in admin. 

But that is exactly that,if other clubs are paying their bills what concern of it of the EFL. It will only become a concern if they enter administration.

2 minutes ago, RoyMac5 said:

Why is it not also the EFLs job to keep DCFC playing football as a member of the club?

It is the clubs job to ensure they can adhere to the EFL rules by providing money to complete the season, that from what i can see has been asked of the administrators.

8 minutes ago, PistoldPete said:

We should not have to prove we can get through , only to have a viable plan on how to get through. 
 

The admin team have more experience of these things than the Efl. We wouldn’t still be running if they thought we couldn’t find a way through.

That's probably why they are looking to sell players, that might be their viable plan. No use getting to March then finding out we cannot find the funding to see the season out.

7 minutes ago, PistoldPete said:

 No, if there is no realistic prospect of a realistic bid they have no choice. 
 

They have received realistic bids but things need sorting first like Gibson and the Efl. These things are taking longer than they should. 

No,the bidders have said they are good to go,that doesn't mean they are realistic bids to the administrators.

14 minutes ago, PistoldPete said:

That isn’t how it works. We stay in admin until there is no realistic chance of finding a buyer. We are some way off that yet.

The administrators won't keep on trading whilst insolvent,if nobody makes a realistic bid they will have no choice..

18 minutes ago, Sparkle said:

Yet we could sign players but not now it seems 

But was that on the understanding by the EFL that a preferred bidder would have been announced by now.

30 minutes ago, Barney1991 said:

 

this sounds like a ploy to the bidders now either commit and take the challenge on or players are going to me 

If true

I doubt it's a ploy at all,if bidders were going to be coming in they would have by now to keep the players and maximising the players available but now the administrators are in desperate need of finance.