The Administration Thread

[secretsquirrel]

Surely one of the main things slowing the process down is the Boro/Wycombe claims-i dont think anyone can commit not knowing how much the club will possibly be liable for -if anything. 

[ThePrisoner]

27 minutes ago, Curtains said:

Didn’t they say it was 7 figures higher. That’s only a Million which is nothing in football these days. 
 

I was hoping they meant 7 extra zeroes on the end!

[May Contain Nuts]

8 minutes ago, ThePrisoner said:

I was hoping they meant 7 extra zeroes on the end!

Perhaps the original bid was £3? It's been more than enough to buy Derby before!

[Eatonram]

I think the administrators will have a realistic idea as to what liquidation of the Club will raise. We know that the Stadium is separately owned. The Playing staff due mostly to the contract situation and the current market would IMO raise less than £15m. Kets generously say that the whole Club if liquidated could raise £20 - 25M but I doubt it, Any figure over the liquidation value is a positive result for the Administrators and Creditors. What would be the point of a forced liquidation to yield less of a payout for creditors??

Buyers and administrators will understand this equation but there will inevitably be brinkmanship. £30M with a CVA for HMRC and football creditors over a few years will not be far off the mark..........creditors will not be happy If the admins let a buyer slip through their fingers by trying to get to much and ending up with less.

[Eatonram]

24 minutes ago, secretsquirrel said:

Surely one of the main things slowing the process down is the Boro/Wycombe claims-i dont think anyone can commit not knowing how much the club will possibly be liable for -if anything. 

The sort of people who spend millions on Football Clubs will be surrounded by Lawyers and people in the football industry. I think they will be able to see these claims for what they are...but set aside a couple of million in contingency.

[Brammie Steve]

1 hour ago, RadioactiveWaste said:

They really really really shouldn't have used the word imminently.

I’ve said millions of times that they shouldn’t exaggerate!

[Ram-Alf]

34 minutes ago, secretsquirrel said:

Surely one of the main things slowing the process down is the Boro/Wycombe claims-i dont think anyone can commit not knowing how much the club will possibly be liable for -if anything. 

If Natalie Jackson is correct and Andy Appleby is good to go, Then he/his consortium aint concerned, The Admins wouldn't give a flying about a future court battle now would they?

[StarterForTen]

22 minutes ago, Eatonram said:

I think the administrators will have a realistic idea as to what liquidation of the Club will raise. We know that the Stadium is separately owned. The Playing staff due mostly to the contract situation and the current market would IMO raise less than £15m. Kets generously say that the whole Club if liquidated could raise £20 - 25M but I doubt it, Any figure over the liquidation value is a positive result for the Administrators and Creditors. What would be the point of a forced liquidation to yield less of a payout for creditors??

Buyers and administrators will understand this equation but there will inevitably be brinkmanship. £30M with a CVA for HMRC and football creditors over a few years will not be far off the mark..........creditors will not be happy If the admins let a buyer slip through their fingers by trying to get to much and ending up with less.

If a club is liquidated then the player registrations revert to the League, so there will likely be no asset value for most creditors - other than the football creditors.

If the Administrators believe a liquidation is the only route they might consider a January firesale of all players to raise as much as possible before pulling the plug - but that won't raise anything like £15m I suspect.

Best outcome for ALL stakeholders is a sale as a going concern. But we all know that.

[Maharan]

13 minutes ago, Unlucky Alf said:

If Natalie Jackson is correct and Andy Appleby is good to go, Then he/his consortium aint concerned, The Admins wouldn't give a flying about a future court battle now would they?

They may be good to go, but they may also have submitted a cheeky low ball initial bid, we just don't know.

[hintonsboots]

Just now, Maharan said:

They may be good to go, but they may also have submitted a cheeky low ball initial bid, we just don't know.

There is also the possibility that a rival bid has emerged, which would cancel the imminent comment. 

[SamUltraRam]

And if Mel would have kept funding the club for a bit longer, the chances of us being a Championship club next season would have improved and kept the clubs value higher - so has he cut his nose off to spite his face ?

[ilkleyram]

1 hour ago, Curtains said:

Didn’t they say it was 7 figures higher. That’s only a Million which is nothing in football these days. 
 

9,999,999 is also 7 figures 

[Dean (hick) Saunders]

9 minutes ago, StarterForTen said:

If a club is liquidated then the player registrations revert to the League, so there will likely be no asset value for most creditors - other than the football creditors.

If the Administrators believe a liquidation is the only route they might consider a January firesale of all players to raise as much as possible before pulling the plug - but that won't raise anything like £15m I suspect.

Best outcome for ALL stakeholders is a sale as a going concern. But we all know that.

EFL despite their dislike of us currently would also have to explain why they allowed a founder member to be liquidated.

The club could run at a profit in L1 with 15000 filled stadium so I can see no sense in liquidation as a worse case scenario.

[Ram-Alf]

10 minutes ago, Maharan said:

They may be good to go, but they may also have submitted a cheeky low ball initial bid, we just don't know.

CK quits the auction and spits his dummy out, There's a 7 figure higher bid, Admin say the PB is imminent, Appleby alledgedly says "we're good to go", So with the annoucment of "imminent" suggests Admin are happy with a figure offered otherwise why "imminent" Are you suggesting that Applebys "initial low ball bid" was rejected if so why "we're good to go" If so, There's a 7 figure higher offer from another bidder, Which can only be Gadsy and Co as only 2 bidders according to Admin, Unless there's a counter offer from Yet another bidder that we're not aware of.

 

 

 

[StarterForTen]

3 minutes ago, Unlucky Alf said:

Which can only be Gadsy and Co as only 2 bidders according to Admin, Unless there's a counter offer from Yet another bidder that we're not aware of.

It's Mike Ashley - but on the proviso that Mel adds that much-vaunted roof on Pride Park.

Then it will be the perfect place to store the megatons of Lonsdale branded sports gear he can't shift.

[Oldben]

Jez moxey ready to take over Derby ...

https://www.stokesentinel.co.uk/sport/football/football-news/Derby-county-jez-moxey-stoke-6450582

[IslandExile]

2 minutes ago, Oldben said:

Jez moxey ready to take over Derby ...

https://www.stokesentinel.co.uk/sport/football/football-news/Derby-county-jez-moxey-stoke-6450582

That's (I guess) a sister paper to the DET doing what the DET has already done, rehashing the EM Today story.

[kevinhectoring]

39 minutes ago, hintonsboots said:

There is also the possibility that a rival bid has emerged, which would cancel the imminent comment. 

if you're right it would surely be a (new) bid from someone who has done the diligence, ie CK

[Ram-Alf]

16 minutes ago, Oldben said:

Jez moxey ready to take over Derby ...

https://www.stokesentinel.co.uk/sport/football/football-news/Derby-county-jez-moxey-stoke-6450582

Old news Oldben

[Barney1991]

Is Rooney still ill as it’s interesting he hasn’t done his pre match press conference yet maybe some info to come out today maybe? Clutching at straws I know but wondering why someone else hasn’t done it instead