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Malty

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Posts posted by Malty

  1. I’ve never lived in Derby or Derbyshire.

    My step dad was a Derby  fan and as my brother once put it, it was support Derby or you’re homeless.

    Forst game I saw was away at Portsmouth. We lost 3/1, with John Gregory scoring our goal. But I was hooked from the moment everyone around me jumped in the air and I couldn’t see a thing and hadn’t a clue what had happened!!

    My step dads mum (my “Nanar”) lived in Ilkeston and I have many memories of nights in the gallows inn and walks around the rec and charnos with the dogs and of course many visits to the BBG and pride park as I was growing up.

    COYR.

  2. Completely disagree. When a goalie is nervous he will dive one way or another. A penenka is a free goal in that circumstance. England might have been well served trying it.

    Also, with the stutter it means that if you see the goalie move, you go the other way. Again a free goal.

    Finally you are left with taking a penalty from one stride out. Basically you’re down to 50:50, If not better if you include a penenka as an option.

    So you have a 2 in 3 chance of scoring, assuming you can put the ball in the corner of the net from a one step penalty.

    Sure, you look a fool if you miss. But you’re playing the percentages and increasing your chances of scoring if you can take a penenka and are prepared to wait for the goalie to move.

    Nice on Tom I say. Keep it up and keep playing those percentages.

  3. 3 hours ago, CornwallRam said:

    @Malty, as an accountant, would we be able to reduce the HMRC debt by going into administration?

    We know we can't clear the apparent football related debts - transfer instalments and, I think, payouts to Keogh and Cocu. The MSD loan is secured, so administration won't help that - even less so if it's MSD putting us into administration.

    The club would be able to default on supplier's credit, but I doubt that's going to cut more than six figures. The big chunk is the supposed £20m we owe to HMRC. If £15m or so can vanish from that, administration could be seen as worthwhile.

    I’m not a corporate recovery accountant or expert but I can broadly tell you the below:

    - In the event of administration the creditors are paid in a certain order.

    - the crown are towards the top of the list

    - shareholders are bottom (and usually get nothing (so Mel would get nothing).

    - secured creditors will be paid out of proceeds from the sale of the assets that they are secured against. So the administrator would sell those assets and pay the secured creditors (note that in Derby’s case it probably wouldn’t come to this as whoever buys what’s left of DCFC would need the stadium and therefore have to come to some kind of arrangement).

    - unsecured creditors get the rough end of the deal and normally end up with a few pennies per pound.

    the administrators would take a fee from the sale of what’s left of DCFC - and DCFC pretty much starts again without the debt that the old company had.

    Of course it’s much more complicated than that, but broadly that’s the picture. 

    Of course, don’t forget that administration means a pretty large sanction from the EFL.

    The other point to note is that any buyer would be looking at Derby and thinking I’d get a much better deal if I let it fail and then saved it than buying the business as a going concern from Mel. It stinks, but that’s how it normally works.

  4. Just on this, the director’s will legally need to decide if DCFC is a “going concern” in order for them to submit their account and the auditors have a duty to ensure they are happy with this. 

    Often in these circumstances the auditors will need a letter from the shareholders (in this case probably Mel) that they are prepared to continue pay the bills. If the auditors are not given these reassurances then they will not be able to submit accounts on a “going concern” basis and that would cause all kinds of difficulties.

    So Mel will have to make the decision to continue to finance the club pretty quickly otherwise administration beckons (assuming as I’m led to believe that there is no hope of a takeover on the short term).

    (FWIW, I’m a qualified accountant and therefore “in the know” about the above at least)

    My bet is that none of this will happen until after the season starts and we will start the season with only four more questionable signings, alongside the current squad.

    …. and I’m sure I’ll get comments saying that I’m not in the know on this point (which is getting more and more common from forum members). So to be clear again, I’m not “in the know”, I’m speculating.


    Just speculating. Not “in the know”. Hope that’s clear.

  5. 11 hours ago, kash_a_ram_a_ding_dong said:

    Is this all in your imagination or do you have some actual information?

    I think I said I’m not “in the know”. But in case I wasn’t clear, I’m not ITK. 
     

    I would be interested if anyone did actually know if Steve Mac is around anywhere.

  6. Has anyone seen MacLaren anywhere near the club in the last, say, 4 months.

    Personally I think he came in and gave a bit of advice and then left and hasn’t come back. He’s not doing anything other than been paid as a consultant once in a while. I’m not ITK, I just think that’s all there is to it.

  7. 15 minutes ago, richinspain said:

    It's plainly obvious that the squad in it's current state will be relegated on points by Christmas, but that same squad with perhaps 3 players in the right positions and quality should be more than enough to be mid table. Add in the return of a hopefully fully functioning Bielik and we'll be more than safe in my opinion. Injuries with such a small squad would be a problem though.

    With Derby’s recruitment the problem is we actually need 8 or 9 new players to achieve the 3 players good enough to fill those positions. The rest will be jozefsoons or Blackmans or anyas or Ibes (mark 2).

     

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