hintonsboots Posted September 22, 2021 Share Posted September 22, 2021 2 minutes ago, Charlotte Ram said: Wo will he sue? The EFL? DCFC in administration? Mel Morris personally? Gibson is just mouthing off nothing to see here He should concentrate on his own underperforming little club. I really hope all Boro’s financial affairs are beyond reproach. Link to comment Share on other sites More sharing options...
RoyMac5 Posted September 22, 2021 Share Posted September 22, 2021 2 minutes ago, Charlotte Ram said: Gibson is just mouthing off nothing to see here Yeah just being the obnoxious, odious oik who sold Boro's debt to his company to keep within FFP, that we all know he is. Miggins and Reggie Greenwood 2 Link to comment Share on other sites More sharing options...
TooFarInToTurnRed Posted September 22, 2021 Share Posted September 22, 2021 5 minutes ago, Charlotte Ram said: Wo will he sue? The EFL? DCFC in administration? Mel Morris personally? Gibson is just mouthing off nothing to see here More likely that Mel Morris might sue Boro and the EFL once unshackled from the club. The spurious claims that the ground had been overvalued cost his a deal to sell the club didn’t it? Reggie Greenwood 1 Link to comment Share on other sites More sharing options...
Ram-Alf Posted September 22, 2021 Share Posted September 22, 2021 11 minutes ago, atherstoneram said: What happens if other information comes to light? Then we're in a lot more trouble atherstoneram 1 Link to comment Share on other sites More sharing options...
RoyMac5 Posted September 22, 2021 Share Posted September 22, 2021 1 minute ago, TooFarInToTurnRed said: More likely that Mel Morris might sue Boro and the EFL once unshackled from the club. The spurious claims that the ground had been overvalued cost his a deal to sell the club didn’t it? Gotta wonder who the duck Morris would have sold us to. It's potentially the only good thing about admin. The buyers will be scrutinized. EtoileSportiveDeDerby 1 Link to comment Share on other sites More sharing options...
Reggie Greenwood Posted September 22, 2021 Share Posted September 22, 2021 24 minutes ago, SFox1993 said: Mel actually said that we was 4 million over the allowed amount not that the deduction would be 4 Pretty sure I heard him say 4 mill breach which was 4 points. He could of misspoke or I miss heard or both ? Link to comment Share on other sites More sharing options...
Gringo Posted September 22, 2021 Share Posted September 22, 2021 2 minutes ago, Tamworthram said: That’s it exactly as I understand it and is what I’m saying. HMRC were simply moved up the pecking order of creditors in the event of liquidation. So, the amount they receive is dependent on how much money is raised. If there isn’t enough to satisfy all preferential creditors they might not get 100%. I’m no expert so I don’t know if HMRC, along with other creditors, would accept a reduced amount in order to avoid liquidation (I doubt it) or if they’d still insist on 100% but agree a payment plan. it will be "Hobsons choice" for the creditors after the administrators have finished and made their recommendations qs to the distribution of funds raised. The only people I guarantee will get all of their cash back will be MSD they will get 100% because they have the charge over all the assets, the HMRC do not. Tamworthram, RadioactiveWaste and r_wilcockson 3 Link to comment Share on other sites More sharing options...
I know nuffin Posted September 22, 2021 Share Posted September 22, 2021 Charge 2. The EFL served a notice of appeal against the dismissal of Charge 2. Middlesbrough Football Club (“MFC”) sought to bring its own appeal against Charge 1 and to intervene in the EFL appeal. The League Arbitration Appeal Panel concluded there was no jurisdiction for MFC to bring its own appeal, and it did not meet the relevant test of standing to intervene in the EFL appeal From the EFL decision on the matter. As Gibson sounds as if he is going against the EFL ruling will he be done for bringing the game into disrepute? Foxy Ram, RadioactiveWaste and r_wilcockson 2 1 Link to comment Share on other sites More sharing options...
Gringo Posted September 22, 2021 Share Posted September 22, 2021 Just now, RoyMac5 said: Gotta wonder who the duck Morris would have sold us to. It's potentially the only good thing about admin. The buyers will be scrutinized. Only in as much as the club will be sold to the highest bidder, that will be the only scrutinisation, please do not think administrators are nice people. they are not, they are scum, as I have stated previously they are jackals. RadioactiveWaste 1 Link to comment Share on other sites More sharing options...
Yani P Posted September 22, 2021 Share Posted September 22, 2021 28 minutes ago, SFox1993 said: Mel actually said that we was 4 million over the allowed amount not that the deduction would be 4 Misheard then thought he said 4 points..was trying to recount on the fly so easily done.. SFox1993 1 Link to comment Share on other sites More sharing options...
RoyMac5 Posted September 22, 2021 Share Posted September 22, 2021 (edited) 1 minute ago, Charlotte Ram said: Only in as much as the club will be sold to the highest bidder, that will be the only scrutinisation, please do not think administrators are nice people. they are not, they are scum, as I have stated previously they are jackals. I know they're not. They're not nice and they charge a ducking fortune! But hopefully our buyers won't be fake sheiks or tapas kings. Morris didn't give a monkey's who he sold to. Edited September 22, 2021 by RoyMac5 Link to comment Share on other sites More sharing options...
Taribo Posted September 22, 2021 Share Posted September 22, 2021 1 hour ago, 86 Hair Islands said: I suspect this may be the light at the end of the tunnel that for once, is not an oncoming train! Presumably Morris is obliged to meet the agreed terms (even if they involve staged payments) in order for the sale to be completed. What seems incredibly unlikely is that he can take ownership for £20million versus the much publicised £80 million valuation when he has himself put the relevant 'creditor' into administration. Seems to me there are various plausible outcomes: 1) He confirms his intention to complete the sale, in which case the club is owed @£60 million which offsets our current borrowing 2) He relinquishes the stadium ownership and tries to recoup the £20 million already paid - good luck with that! 3) He refuses to make further repayments to the club so ownership defaults back to the club and he forfeits the £20 million already paid I suspect this scenario was a major factor in the dozen plus enquiries from interested parties the club received before the weekend was out. That is to say, a scenario whereby any buyer were to settle our debt book but in return receive an £80 million asset in the process, would surely make the deal of significant interest. The optimist in me wonders whether administration might not be a cute way for Mel to honour his promises whilst at the same time providing an immediate means for him to escape the ongoing financial burdens associated with continued ownership, as well settling accounts with a rightfully unhappy fanbase and simultaneously ending the war with the EFL. I love this idea. ? r_wilcockson and Comrade 86 1 1 Link to comment Share on other sites More sharing options...
SaffyRam Posted September 22, 2021 Share Posted September 22, 2021 12 minutes ago, hintonsboots said: He should concentrate on his own underperforming little club. I really hope all Boro’s financial affairs are beyond reproach. Abu Derby, hintonsboots and Foxy Ram 1 2 Link to comment Share on other sites More sharing options...
Yani P Posted September 22, 2021 Share Posted September 22, 2021 Well done permanator..a new club record... Foxy Ram 1 Link to comment Share on other sites More sharing options...
Taribo Posted September 22, 2021 Share Posted September 22, 2021 3 hours ago, Chris_Martin said: looks like he's having a ?. Have we finally discovered the culprit in the Leeds dressing room ‘present’?? Chris_Martin 1 Link to comment Share on other sites More sharing options...
Ramarena Posted September 22, 2021 Share Posted September 22, 2021 Gibson’s projecting………..I bet Boro’s accounts are a right poo show! r_wilcockson 1 Link to comment Share on other sites More sharing options...
Yani P Posted September 22, 2021 Share Posted September 22, 2021 If he managed their accounts as well as he managed his parachute payments they will be a disaster. Link to comment Share on other sites More sharing options...
Gringo Posted September 22, 2021 Share Posted September 22, 2021 20 minutes ago, hintonsboots said: He should concentrate on his own underperforming little club. I really hope all Boro’s financial affairs are beyond reproach. They are not I put their numbers up in a thread but it was removed, They lost £31million y/e June 2020, profit of £1.8 million June 2019, loss of £6.6 million June 2018 so 3 year period £35.8 million loss be interesting to see what happens this year, I think he is doing the classic don't look at this look at that over there hintonsboots, Inverurie Ram, r_wilcockson and 2 others 2 1 1 1 Link to comment Share on other sites More sharing options...
hintonsboots Posted September 22, 2021 Share Posted September 22, 2021 1 minute ago, Ramarena said: Gibson’s projecting………..I bet Boro’s accounts are a right poo show! What’s his defence? Derby denied Boro a play off place, so they were unable to access Premier league riches. Link to comment Share on other sites More sharing options...
Gringo Posted September 22, 2021 Share Posted September 22, 2021 16 minutes ago, Taribo said: I love this idea. ? Except MSD have a charge on the stadium Link to comment Share on other sites More sharing options...
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