atherstoneram

38 minutes ago, Gee SCREAMER !! said:

HMRC will agree a payment plan based on a 40% up front payment of what's agreed with a two year payment plan to follow.  Other creditors -rightly or wrongly will agree less.  Football creditors will push for more. 30 million will probably swing it with payment plan unless Morris wants some.  Wouldn't be surprised to see a couple go for frees- big earners to make the wage bill manageable on a monthly basis  and others - cash to reduce liability prior to the finalising of a sale.  Think that was obvious from December though.  It will be tight though and for the next few years it will be loans and frees if that's the best offer.

Under HMRC rules all preferred creditors have to be paid the same and cannot choose the option of not paying one creditor in preference to another. The administrators don't have to sell to anyone unlike what some people on here think. They will also want to know in great detail the plans for payment going forward including a CVA. If the administrators don't think the proposal is workable it will be rejected If that shows that outgoings are going to exceed incomings. They will not want to see the club entering administration in the future due to lack of due diligence on their part.

37 minutes ago, Sparkle said:

Sell the printer sell the lawnmower but you can’t force a human being to sign for another club if they don’t want to 

No you can't but they will no doubt be listening to their agents who will get the best possible deal for them including security, as things stand everything with us is up in the air.

Didn't i read somewhere at the start of all this that MSD forced MM to put the club into administration

4 minutes ago, RAM1966 said:

I've said the same myself numerous times about the Administrators role is to get the best deal for the creditors and not the club.  However they should not be stating an update imminently about naming the preferred bidder if they were not even close, which appears they are not.  The administrators have done this only to try and deflect any flack they would attract when CK walked away. 

It now makes me very suspicious of anything they say including their original comments about being very confident that the club would be saved, I think they could be stringing us all along now until the end of Jan when the TW closes, in that time they will have a closing down sale, finally closing the doors to PPS at some point in Feb.   I hope I'm wrong, but, as each week passes I think this is more and more the likely outcome!

 

 

They may have been confident at that time but things can change quickly and not just of their making which may have reduced the value of the club.

46 minutes ago, RAM1966 said:

The only reason for them to bullshite a deadline was because they knew they would be facing a boat load of flack for KC walking away as he was the fans favourite.  Do not be at all surprised to see him put in a last ditch offer if the club is about to fold.  I think Appleby has it all under control and he is doing the right thing by staying under the radar and acting professionally........

The administrators are there to get the best deal for the creditors not the best deal for the club,it doesn't matter whether KC was the fans favourite or not. He said he had £100M to invest, the question is what percentage of the debt was he willing to pay. Saying you have that much money but want to pay as little as possible will not be entertained by the administrators.

3 minutes ago, Boycie said:

Can we keep coal talk out of the forum please, Gibson will grass on us to Greta.

Worse still, someone will mention the Miners strike and disrespect Thatcher which in turn will upset @David

I remember it well.

1 minute ago, Jimbo Ram said:

Let’s wait and see. Too soon to be too down in the dumps ?

I'm not down in the dumps,if we are saved great,if we are liquidated my view will be the administrators did their best,others on here will be clamouring for blood saying they didn't do their job properly.

Just now, Woodley Ram said:

Isn’t the coal thing for new year?

Have you seen the price of it now,besides we are in a smokeless zone.

Just now, AbuDerbyDave said:

Your a bundle of laughs happy new year 

Realistic.

Just now, Unlucky Alf said:

Derby 1 Blackpool 0

Derby 1 WBA 0

Stoke 1 Derby 2

Our Academy players are shining through, Our away support is phenominal, WR is learning the game the longer he's here, Our squad have out performed and faught supposed better teams.

There's far too many bad Doctors around...no patients!

 You can have all the positivity you like regarding results but if the club can't be saved the results count for nothing and the academy players move on.All the administrators are bothered about is finance,not what's happening on the pitch.

29 minutes ago, alexxxxx said:

Did you get coal in your stocking this year? 

Let's have some positivity. 

When the administrators make an announcement regarding a preferred bidder and the club can be saved that will be some positivity, until that time the club is in deep poo  and nothing to be positive about.You look at it how you see it,i will look at it as how i see it.

1 hour ago, MackworthRamIsGod said:

I think its time administrators got up off there back sides and told the fans what the hell is going on, and not via their friends at Talksport either.

How can a club make such an arse of a takeover so many times.

We are not entitled to know anything what is going on irrespective of what people think we should be told. 

2 minutes ago, alexxxxx said:

Did you get coal in your stocking this year? 

Let's have some positivity. 

Some people need to have some reality,keep moaning about a preferred bidder not being announced is not going to speed things up.

Is the debt too big to be serviced if so, there will not be a preferred bidder,as the club won't be deemed viable and the bidders have pulled out. We don't know if there are any bids left on the table and the administrators certainly wouldn't announce it. It is no use keep going on about the administrators not telling us anything. Things have obviously have issues to overcome.

Just now, Tamworthram said:

Regurgitating the same, albeit valid, attacks on Mel. It's history now and further vilification isn't going to change anything so, time to look to the future which is what this thread is meant to be about. 

Sorry, i didn't mean it like that, just a case of what could have been.

5 minutes ago, Eatonram said:

alternatively you could just give it it a rest.

Give what a rest?

Well Mr. Morris, i wonder how you are feeling just lately regarding DCFC.

If you had concentrated on "your" club instead of being besotted with picking fights with the EFL you would have seen your aspirations  of half the team being made up of academy players realised and taking the credit for it.

As things stand at the minute those young players who play with heart and soul every match may well be sold to rectify the mess you left us in.

I hope you are happy with yourself Mr. Morris because i'm certainly not happy with you and that's putting it mildly. I daren't post what i think or a ban would be coming my way.

Happy New Year.

Overall a good 1st half,need to keep our composure,Stoke getting rattled.

What a build up and great goal to follow

Bit of confusion in the Stoke defence then

2 hours ago, Boycie said:

Will you two stop the fore play and get down to business?

Have you got the camera ready or are you live streaming.

1 hour ago, PistoldPete said:

As you say they have said naming a preferred bidder is expected to be imminent, not the conclusion of all negotiations with all other third parties. That can be done without finalising matters with HMRC if need be.

Nothing changes,the administrators are still in charge until a new owner is announced. 

51 minutes ago, PistoldPete said:

They’ve talked about Jags contract which is up mid Jan, Baldock too. But a lot more are up in the summer and decisions made now on who to  offer new contracts to and who to let go. And some will be needed to let go in January too, Marshall for a start . 
 

The risk for creditors is that some players will leave in the summer for nothing. Which doesn’t help anyone unless some of them maybe on high wages . 

That is why it appears to be unravelling for Rooney and his desperation for everything to be sorted at the earliest possibility,whilst administrators remain in charge his hands are very much tied

50 minutes ago, RAM1966 said:

I think the point being made was is there any chance we could stay up, if there is the Administrators may ask more to purchase the club.....

All the bidders have there bids were based on buying a Lg1 team

 The administrators have no interest whatsoever which league we may finish up in,they won't hang on until our fate is sealed one way or another,all they are interested in is the financial side of the club for the undertaking of their obligations towards the creditors. They are dealing with a club in the Championship. It is up to prospective new owners to decide whether the club is viable going forward. 

2 minutes ago, Crewton said:

Not everyone bogs off for 10 days over Xmas and New Year though, particularly in financial and legal services, and I don't believe that anything can be finally agreed with creditors until the Preferred Bidder is in place. If the PB can be confirmed this week, the holidays won't stop it. 

I agree not everybody "bogs off for 10 days", just because no announcement has been made doesn't mean to say the administrators have been sitting there with their feet up eating mince pies,there will still be plenty of work to do behind the scenes. Exiting administration is not like an auction where the highest bidder wins, the administrators will accept a "winning bid" which is going to be the best outcome for creditors not the club.