Ghost of Clough Posted July 12, 2021 Share Posted July 12, 2021 1 minute ago, chadlad said: Any idea how much we owe HMRC and what instalments are outstanding and for which players. Apologies if this has already been stated on the thread. Didn't the papers say £20m to HMRC? Instalment(s) are apparently for Marriott - hence his contract extension being revoked in December Link to comment Share on other sites More sharing options...
chadlad Posted July 12, 2021 Share Posted July 12, 2021 1 minute ago, Ghost of Clough said: Didn't the papers say £20m to HMRC? Instalment(s) are apparently for Marriott - hence his contract extension being revoked in December Okay, thanks. Can’t be much left on Marriott. £20 million to HMRC sounds high, presumably VAT and NHI payments. Bit worrying…. Link to comment Share on other sites More sharing options...
AndyinLiverpool Posted July 12, 2021 Share Posted July 12, 2021 6 minutes ago, Ghost of Clough said: Didn't the papers say £20m to HMRC? Instalment(s) are apparently for Marriott - hence his contract extension being revoked in December So marriott has gone to Peterborough on a free and DCFC still owe them money from the first transfer? Bloody hell. Abu Derby 1 Link to comment Share on other sites More sharing options...
Carnero Posted July 12, 2021 Share Posted July 12, 2021 15 minutes ago, Ghost of Clough said: Instalment(s) are apparently for Marriott - hence his contract extension being revoked in December Where did you hear that? Now that you have mentioned it though, I do remember Darragh MacAnthony was having a moan a few months back about a Championship club not paying certain transfer installments to them that they were due, so it certainly fits. Link to comment Share on other sites More sharing options...
JuanFloEvraTheCocu'sNesta Posted July 12, 2021 Share Posted July 12, 2021 43 minutes ago, Ghost of Clough said: Didn't the papers say £20m to HMRC? Instalment(s) are apparently for Marriott - hence his contract extension being revoked in December Absolute shambles if true. Link to comment Share on other sites More sharing options...
Gringo Posted July 12, 2021 Share Posted July 12, 2021 (edited) Daily Mail article regarding debt, fyi read last paragraph with Mel comments about PAYE payments, also I can say that one of my business's easily reached an agreement with HMRC to pay VAT arrears over 12 months because of Covid. As long as you stick to the agreement they will not issue a winding up order, so HMRC is not at the moment a club killer. https://www.dailymail.co.uk/sport/football/article-9580807/Potential-Derby-County-buyers-WALKING-AWAY-discovering-debts-60MILLION.html Edited July 12, 2021 by Charlotte Ram added mail link jono 1 Link to comment Share on other sites More sharing options...
angieram Posted July 12, 2021 Share Posted July 12, 2021 1 hour ago, AndyinLiverpool said: So marriott has gone to Peterborough on a free and DCFC still owe them money from the first transfer? Bloody hell. I reckon it's probably a case of us saying we're not paying any more money for him as you sold us a dud! ?? To which MacAnthony said "caveat emptor!" jono 1 Link to comment Share on other sites More sharing options...
Rev Posted July 12, 2021 Share Posted July 12, 2021 51 minutes ago, angieram said: I reckon it's probably a case of us saying we're not paying any more money for him as you sold us a dud! ?? To which MacAnthony said "caveat emptor!" Upon which, our scouting team got to work on our new Italian signing. Chester40 and Raich Carter 2 Link to comment Share on other sites More sharing options...
Carnero Posted July 14, 2021 Share Posted July 14, 2021 We can't possibly be the only club in the entire football league that owes money to HMRC given the various deferral schemes that they've had in place. jono, r_wilcockson and Tamworthram 2 1 Link to comment Share on other sites More sharing options...
JfR Posted July 14, 2021 Share Posted July 14, 2021 Had a look at the embargo website, and the unpaid transfer instalment(s) has been removed from the list of reasons One down, four to gohttps://www.efl.com/-more/governance/embargoes Carnero, Ken Tram, RoyMac5 and 5 others 2 5 1 Link to comment Share on other sites More sharing options...
Ghost of Clough Posted July 14, 2021 Share Posted July 14, 2021 3 minutes ago, JfR said: Had a look at the embargo website, and the unpaid transfer instalment(s) has been removed from the list of reasons One down, four to gohttps://www.efl.com/-more/governance/embargoes Link to comment Share on other sites More sharing options...
jono Posted July 14, 2021 Share Posted July 14, 2021 On 06/07/2021 at 12:07, rammieib said: No - I think we are good to release the accounts - what they show is a different thing. This magical £30 Million that Pearce has found also won't help us much. It is in the year ending 2018 but the two previous 3-year cycles before that are still a concern to me. The three year cycles of 16/17/18, 17/18/19 and 18/19/20 will be perfectly clear. The only thinkg I'm not sure on is whether they extended P&S into a 4th year due to Covid. So actually it may well be 18/19/20/21 may be a P&S period of which the year ending 18 could show us having made a LOT of money. However, and this is a big thing - just because the P&S shows a lot of money, doesn't mean we actually have the cash to go and start spending money on transfers. It's all paper money, it isn't cash in the bank and when you buy players, you need cash in the bank. Its fairly well documented that has been a big issue for us. Cash is king. I agree, but I think all the leagues are cash strapped. All I am concerned about is putting an end to this threat of points deductions that has been hanging over our heads for I don’t know how long. How can Mel possibly sell in these circumstances. ?Any investors needs to know where they stand. Link to comment Share on other sites More sharing options...
jono Posted July 14, 2021 Share Posted July 14, 2021 34 minutes ago, Carnero said: We can't possibly be the only club in the entire football league that owes money to HMRC given the various deferral schemes that they've had in place. This is the big unwritten story and one I suspect will raise its head over the next season. Mel has had to do some juggling and probably spend money he didn’t want to, but there has never been one iota of doubt that he is solvent and committed to DCFC’s wellbeing. What about the other clubs ? What about their sugar daddies ? I saw earlier that one of the US potential investors was the guy who owns Carnival Cruises .. hummm well they will have taken a pasting in the last 18 months. What was small change 2 years ago has a different value today. Sparkle and RoyMac5 2 Link to comment Share on other sites More sharing options...
RoyMac5 Posted July 14, 2021 Share Posted July 14, 2021 1 hour ago, JfR said: Had a look at the embargo website, and the unpaid transfer instalment(s) has been removed from the list of reasons One down, four to gohttps://www.efl.com/-more/governance/embargoes Is the HMRC debt keeping us in hard embargo? Link to comment Share on other sites More sharing options...
Sparkle Posted July 14, 2021 Share Posted July 14, 2021 1 hour ago, JfR said: Had a look at the embargo website, and the unpaid transfer instalment(s) has been removed from the list of reasons One down, four to gohttps://www.efl.com/-more/governance/embargoes Progress folks we are making progress r_wilcockson 1 Link to comment Share on other sites More sharing options...
Chris_Martin Posted July 14, 2021 Share Posted July 14, 2021 On 12/07/2021 at 15:49, AndyinLiverpool said: So marriott has gone to Peterborough on a free and DCFC still owe them money from the first transfer? Bloody hell. it's the Derby way. DCFC Kicks 1 Link to comment Share on other sites More sharing options...
Derby blood Posted July 14, 2021 Share Posted July 14, 2021 12 minutes ago, Chris_Martin said: it's the Derby way. Correction its the Mel way. Chris_Martin 1 Link to comment Share on other sites More sharing options...
Turnstile Posted July 15, 2021 Share Posted July 15, 2021 16 hours ago, jono said: This is the big unwritten story and one I suspect will raise its head over the next season. Mel has had to do some juggling and probably spend money he didn’t want to, but there has never been one iota of doubt that he is solvent and committed to DCFC’s wellbeing. What about the other clubs ? What about their sugar daddies ? I saw earlier that one of the US potential investors was the guy who owns Carnival Cruises .. hummm well they will have taken a pasting in the last 18 months. What was small change 2 years ago has a different value today. I can’t agree with you about Morris being committed to Derby’s wellbeing.He has not even been paying all the running costs,hench we now owe HMRC money.Surely the larger the debt the less attractive an investment we become! A really astute business man /buyer would be waiting for us to go into liquidation to pick us up on the cheap with a lot less debt. Link to comment Share on other sites More sharing options...
Ken Tram Posted July 15, 2021 Share Posted July 15, 2021 On 12/07/2021 at 16:47, Charlotte Ram said: Daily Mail article regarding debt, fyi read last paragraph with Mel comments about PAYE payments, also I can say that one of my business's easily reached an agreement with HMRC to pay VAT arrears over 12 months because of Covid. As long as you stick to the agreement they will not issue a winding up order, so HMRC is not at the moment a club killer. https://www.dailymail.co.uk/sport/football/article-9580807/Potential-Derby-County-buyers-WALKING-AWAY-discovering-debts-60MILLION.html So maybe it wasn't the fault of the potential foreign owners? It makes more sense why a club owner might echoes fans' frustrations in a dressing room! "Work harder to get promoted, or we will be mired in debt!" Link to comment Share on other sites More sharing options...
G STAR RAM Posted July 15, 2021 Share Posted July 15, 2021 1 hour ago, Turnstile said: I can’t agree with you about Morris being committed to Derby’s wellbeing.He has not even been paying all the running costs,hench we now owe HMRC money.Surely the larger the debt the less attractive an investment we become! A really astute business man /buyer would be waiting for us to go into liquidation to pick us up on the cheap with a lot less debt. The purchase price would already reflect any debt to HMRC, so paying it off would not make it any more or less attractive. If a buyer thinks MM would let the club go into liquidation then I would doubt that they are very astute. jono 1 Link to comment Share on other sites More sharing options...
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