atherstoneram Posted December 23, 2021 Share Posted December 23, 2021 (edited) 4 minutes ago, kevinhectoring said: the creditors can be sidestepped in this process That's what all the talk about a phoenix is about So the club goes into liquidation Edited December 23, 2021 by atherstoneram Link to comment Share on other sites More sharing options...
RAM1966 Posted December 23, 2021 Share Posted December 23, 2021 19 minutes ago, RoyMac5 said: How much do you think most of our squad are on when we've been embargoed for god knows how long!? Thats a good point, but we still have some high earners even for Lg1....... Merry Xmas to all Derby fans, we've been ducked over again....... I might just jack it all in and go back to playing golf, at least the result is in my own hands!!!!!!!!!! ⛳ jimtastic56 and Gritstone Tup 1 1 Link to comment Share on other sites More sharing options...
Oldben Posted December 23, 2021 Share Posted December 23, 2021 Hm ... are these high salaries for championship players ... don't think so. That said for league one they might be. Link to comment Share on other sites More sharing options...
OoooMarkWright Posted December 23, 2021 Share Posted December 23, 2021 6 minutes ago, Tombo said: Seriously I'm at the point where I don't want him. He doesn't even own the club yet and he's already going unhinged. If its a choice between this baalocks and liquidation I'll start knitting the Derby City FC scarves right away I mean, I agree in some ways that CK could go either way. But I’d still rather have a club. That statements almost as bad as the ‘ League 1 will be great to reset the club, oh and I’ll tick off some new grounds’ statement. Although I am looking forward to Lincoln away! Link to comment Share on other sites More sharing options...
kevinhectoring Posted December 23, 2021 Share Posted December 23, 2021 4 minutes ago, atherstoneram said: So the club goes into liquidation the club and its business is sold to a new company with a surprisingly similar name and the club carries merrily on. The company that owned the club before transfer would yes ultimately be liquidated. But we don't care if the company survives, it's the club we are invested in Link to comment Share on other sites More sharing options...
atherstoneram Posted December 23, 2021 Share Posted December 23, 2021 1 minute ago, kevinhectoring said: the club and its business is sold to a new company with a surprisingly similar name and the club carries merrily on. The company that owned the club before transfer would yes ultimately be liquidated. But we don't care if the company survives, it's the club we are invested in But the club loses the right to play in the EFL and has to start from scratch. RAM1966, r_wilcockson and I know nuffin 1 2 Link to comment Share on other sites More sharing options...
ThePrisoner Posted December 23, 2021 Share Posted December 23, 2021 9 minutes ago, Oldben said: Hm ... are these high salaries for championship players ... don't think so. That said for league one they might be. Only if you believe them. RAM1966 and jono 2 Link to comment Share on other sites More sharing options...
Hordh Posted December 23, 2021 Share Posted December 23, 2021 6 hours ago, PistoldPete said: I think we need a very good reason why this has slipped again so soon after announcing to the fans and to the players that it was expected this week. amd if anyone is to blame for the delay the. The fingers should be firmly pointed at them. Wycombe, Boro … you are first in the firing line you parasitical lowlifes. Either the administrators don't know what they are doing, or mores the likely, the prospective buyers like Kirchner are just trying it on with the hope of getting the club on the cheap and making a quick buck. jimtastic56 1 Link to comment Share on other sites More sharing options...
Van der MoodHoover Posted December 23, 2021 Share Posted December 23, 2021 17 minutes ago, RAM1966 said: Thats a good point, but we still have some high earners even for Lg1....... Merry Xmas to all Derby fans, we've been ducked over again....... I might just jack it all in and go back to playing golf, at least the result is in my own hands!!!!!!!!!! ⛳ That's what DarkFruitsRam7 says when he goes away.... ? RAM1966 1 Link to comment Share on other sites More sharing options...
Crewton Posted December 23, 2021 Share Posted December 23, 2021 15 minutes ago, kevinhectoring said: fair enough, timing is an issue for them But I would have thought they'd recover more slowly in a liquidation that say in a Feb sale AFAIAA, Liquidation removes football creditors from the equation : if there's no golden share to maintain, football creditors become unsecured creditors and go into the pot with all the others. MSD therefore ensure they recoup as much as possible from the bonfire. It's just a theory, but I think it's at least plausible. Link to comment Share on other sites More sharing options...
CornwallRam Posted December 23, 2021 Share Posted December 23, 2021 35 minutes ago, Curtains said: I just hope there is competition for buying Derby between the Gadsby group and Appleby group and they fight it out . Maybe that’s a good thing . Right now we just don’t know what’s happening. Suppose we have to be patient and hope Derby County is here going forward Other than the moral dimension of creditors getting a better deal, it's better for us fans if there's no competition. It will just drive up the price the buyer has to pay. The more they spend acquiring the club, the less they are likely to have to invest in the team afterwards. Link to comment Share on other sites More sharing options...
CornwallRam Posted December 23, 2021 Share Posted December 23, 2021 38 minutes ago, RAM1966 said: lol - Don't mention Rush, I'm not sure Mels noticed he is involved ? I reckon that Sam Rush is only involved so he can escort Mel off the premises. RAM1966, i-Ram, Gritstone Tup and 1 other 4 Link to comment Share on other sites More sharing options...
Hordh Posted December 23, 2021 Share Posted December 23, 2021 5 hours ago, RoyMac5 said: Black & White Together Retweeted: @cskirchner: "It’s not necessarily that… very very complex situation the admins were dealt. I do have issues with the delays and inability to keep deadlines. The only one to really blame for this situation is Mel Morris. Proper duck job." But it's not Morris's fault. He's innocent in the whole charade....... jimtastic56, RAM1966 and atherstoneram 3 Link to comment Share on other sites More sharing options...
atherstoneram Posted December 23, 2021 Share Posted December 23, 2021 3 minutes ago, CornwallRam said: Other than the moral dimension of creditors getting a better deal, it's better for us fans if there's no competition. It will just drive up the price the buyer has to pay. The more they spend acquiring the club, the less they are likely to have to invest in the team afterwards. Investing in the team afterwards us the least of our worries at this time. I know nuffin 1 Link to comment Share on other sites More sharing options...
RAM1966 Posted December 23, 2021 Share Posted December 23, 2021 4 minutes ago, CornwallRam said: I reckon that Sam Rush is only involved so he can escort Mel off the premises. 25K Derby Fans to help him....... Derby4Me 1 Link to comment Share on other sites More sharing options...
PistoldPete Posted December 23, 2021 Share Posted December 23, 2021 29 minutes ago, atherstoneram said: Of course i realise there is no future if no one buys the club. Creditors won't be interested in dealing with new owners about the debts owed that's why we have administrators in place. To secure the future you have to secure the present,if they can't do that there is no future. Unsecured Creditors will get nothing if the club is liquidated. So they need a buyer to make an offer. The first thing the admin team did was to advertise for a buyer because they need someone to pay off at least some of the money owed to unsecured creditors. Otherwise they get nothing. Any creditor with any sense would rather get something rather than nothing. That's why the creditors have given (deemed ) consent to the admin proposals in the first vote. Link to comment Share on other sites More sharing options...
PistoldPete Posted December 23, 2021 Share Posted December 23, 2021 32 minutes ago, atherstoneram said: So the club goes into liquidation No a Company can go into liquidation. The club can stil play on. And will. Link to comment Share on other sites More sharing options...
atherstoneram Posted December 23, 2021 Share Posted December 23, 2021 1 minute ago, PistoldPete said: Unsecured Creditors will get nothing if the club is liquidated. So they need a buyer to make an offer. The first thing the admin team did was to advertise for a buyer because they need someone to pay off at least some of the money owed to unsecured creditors. Otherwise they get nothing. Any creditor with any sense would rather get something rather than nothing. That's why the creditors have given (deemed ) consent to the admin proposals in the first vote. Of course the admin team would advertise the club for sale that's part of their remit,however whether that happens is another thing. You need to realise to get a sale you need to satisfy the creditors,it doesn't work the other way round,you don't find a buyer then discuss with creditors Link to comment Share on other sites More sharing options...
Boycie Posted December 23, 2021 Share Posted December 23, 2021 Maybe a new credible buyer has shown their cards?? jimtastic56 1 Link to comment Share on other sites More sharing options...
atherstoneram Posted December 23, 2021 Share Posted December 23, 2021 6 minutes ago, PistoldPete said: No a Company can go into liquidation. The club can stil play on. And will. The club loses it's golden share if it goes into liquidation,so yes they can play on but not as DCFC. I know nuffin 1 Link to comment Share on other sites More sharing options...
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