CBRammette Posted January 13, 2022 Share Posted January 13, 2022 3 minutes ago, angieram said: The article seems to be suggesting that the proof of funds is needed before we can move forward on anything, but surely if the EFL approves a buyer we will have the funds? It seems to be implying that we need to provide proof of funds without a buyer in place? Why would the EFL do that? Just to scupper us extending contractors, signing people I assume. Assume those making derisory offers for players kicked off as we didnt agree. Assume they will just show what they showed last time we had to prove the same thing as we've hardly splashed the cash since have we? As soon as Wayne mentioned EFL having to sign off had my doubts!!! angieram and RAM1966 2 Link to comment Share on other sites More sharing options...
Gritstone Ram Posted January 13, 2022 Share Posted January 13, 2022 Surely if you have got to a preferred bidder you’d have done the proof of funds. If not I could have got to this stage with a bit of good BS. MackworthRamIsGod, JoetheRam and r_wilcockson 2 1 Link to comment Share on other sites More sharing options...
Gritstone Tup Posted January 13, 2022 Share Posted January 13, 2022 7 minutes ago, angieram said: The article seems to be suggesting that the proof of funds is needed before we can move forward on anything, but surely if the EFL approves a buyer we will have the funds? It seems to be implying that we need to provide proof of funds without a buyer in place? Why would the EFL do that? If dcfc haven’t got a buyer or not put one forward, then of course the EFL would ask for proof we can finish the season. Link to comment Share on other sites More sharing options...
PistoldPete Posted January 13, 2022 Share Posted January 13, 2022 1 hour ago, RoyMac5 said: Says almost nothing that could be considered 'new' and is all conjecture. Of course the Admin would have to provide 'proof of funds' #shitstirring https://uk.sports.yahoo.com/news/Derby-county-administrators-asked-show-182121618.html WTF? So we have been waiting for EFL to approve our re-signing of a player already on our books on a wage well below his pay grade and they have said no? And people wonder why fans are singing Duck the EFL? i-Ram and Crewton 1 1 Link to comment Share on other sites More sharing options...
Ramos Posted January 13, 2022 Share Posted January 13, 2022 It’s just John Percy getting some final milage out of our administration because he knows it’s coming to a conclusion. angieram, Chester40, Tamworthram and 10 others 8 2 3 Link to comment Share on other sites More sharing options...
Wignall12 Posted January 13, 2022 Share Posted January 13, 2022 9 minutes ago, CBRammette said: Just to scupper us extending contractors, signing people I assume. Assume those making derisory offers for players kicked off as we didnt agree. Assume they will just show what they showed last time we had to prove the same thing as we've hardly splashed the cash since have we? As soon as Wayne mentioned EFL having to sign off had my doubts!!! I'm no "expert" but I would think that if we have reached the point of naming a Prefered bidder the EFL would quite rightly want to see proof of funds before proceeding. Wouldnt previous proof of funds just have been shown to the administrators to weed out tyre kickers ? I may well be erroneous but I don't think there is any dark malevolence here , just protocol to ensure the new ow er can carry us forward Maharan and Ram-Alf 2 Link to comment Share on other sites More sharing options...
Gritstone Ram Posted January 13, 2022 Share Posted January 13, 2022 So are the EFL saying they need proof of funds if we don’t get taken over? Isn’t it the whole point of someone buying the club to ensure we have the funds and if it doesn’t go through we’re ducked. Proper ducked. Ellafella 1 Link to comment Share on other sites More sharing options...
angieram Posted January 13, 2022 Share Posted January 13, 2022 3 minutes ago, Ramos said: It’s just John Percy getting some final milage out of our administration because he knows it’s coming to a conclusion. Ramarena, Ramos, archram and 1 other 4 Link to comment Share on other sites More sharing options...
MackworthRamIsGod Posted January 13, 2022 Share Posted January 13, 2022 Well I'm hoping all the people saying it's "just Percy being negative" or "standard procedure from the EFL" are correct, because it sounds a big deal to me. My total guess is that we have a preffered bidder but because we are so far away from an actual deal that can be signed the EFL have said absolutely NO to any new signings or contract extensions unless Quantuma provide proof of funds for the remainder of the season. Seeing as quantuma have funds until the end of Jan that will be difficult. Unless I am getting this all wrong and the proof of funds will come from a non-refundable deposit, ie: the 5 million we have mentioned before. Link to comment Share on other sites More sharing options...
Eatonram Posted January 13, 2022 Share Posted January 13, 2022 This is the EFL trying to force us to sell players at a fee below our valuation. This is beyond disgusting and unfair. PistoldPete, r_wilcockson, Derby4Me and 1 other 4 Link to comment Share on other sites More sharing options...
PistoldPete Posted January 13, 2022 Share Posted January 13, 2022 2 minutes ago, Gritstone Ram said: So are the EFL saying they need proof of funds if we don’t get taken over? Isn’t it the whole point of someone buying the club to ensure we have the funds and if it doesn’t go through we’re ducked. Proper ducked. The EFL are telling the admin team how to do their job. Just as they were telling our independent professional valuers how to value a football stadium. Total duck jobs. Link to comment Share on other sites More sharing options...
Ellafella Posted January 13, 2022 Share Posted January 13, 2022 29 minutes ago, angieram said: The article seems to be suggesting that the proof of funds is needed before we can move forward on anything, but surely if the EFL approves a buyer we will have the funds? It seems to be implying that we need to provide proof of funds without a buyer in place? Why would the EFL do that? Exactly. Barstewards making it up as they go. angieram 1 Link to comment Share on other sites More sharing options...
Ram-Alf Posted January 13, 2022 Share Posted January 13, 2022 6 minutes ago, MackworthRamIsGod said: Well I'm hoping all the people saying it's "just Percy being negative" or "standard procedure from the EFL" are correct, because it sounds a big deal to me. My total guess is that we have a preffered bidder but because we are so far away from an actual deal that can be signed the EFL have said absolutely NO to any new signings or contract extensions unless Quantuma provide proof of funds for the remainder of the season. Seeing as quantuma have funds until the end of Jan that will be difficult. Unless I am getting this all wrong and the proof of funds will come from a non-refundable deposit, ie: the 5 million we have mentioned before. Ellafella 1 Link to comment Share on other sites More sharing options...
PistoldPete Posted January 13, 2022 Share Posted January 13, 2022 1 hour ago, Ramarena said: I don’t see how this story ties in with what we know/think we know. What we were told earlier is that everything depended on the EFL approval. And that was the problem. Link to comment Share on other sites More sharing options...
MackworthRamIsGod Posted January 13, 2022 Share Posted January 13, 2022 4 minutes ago, Unlucky Alf said: It's just hard to work out what this is about. If its the EFL dotting i's and crossing t's then fair enough, given our recent financial track record. But if the EFL are deliberately putting last minute road blocks in then I fear the worse. r_wilcockson and Ellafella 1 1 Link to comment Share on other sites More sharing options...
hintonsboots Posted January 13, 2022 Share Posted January 13, 2022 2 hours ago, Kathcairns said: So you think the geordies want him back, they had that option before howe. Sorry it was a joke. Link to comment Share on other sites More sharing options...
Dean (hick) Saunders Posted January 13, 2022 Share Posted January 13, 2022 This (Telegraph ? even if true) has no bearing directly on naming a preferred bidder right? Surely admin don’t need permission to name their preference. Need to check they have funds (which we know was requirement to see books). ✅ Need to pass fit and proper test. Difficult to see an issue with the named individuals.✅. Could be a small delay to resigning Jags at worse? (Optimism gland swelling this evening) ? r_wilcockson, RadioactiveWaste and Carnero 3 Link to comment Share on other sites More sharing options...
Ellafella Posted January 13, 2022 Share Posted January 13, 2022 (edited) 8 minutes ago, MackworthRamIsGod said: It's just hard to work out what this is about. If its the EFL dotting i's and crossing t's then fair enough, given our recent financial track record. But if the EFL are deliberately putting last minute road blocks in then I fear the worse. Right. Or are they forcing a fire sale to exact their pound of flesh? Their members will have been consulted on this. Edited January 13, 2022 by Ellafella Link to comment Share on other sites More sharing options...
Gringo Posted January 13, 2022 Share Posted January 13, 2022 1 minute ago, Ellafella said: Right. Or are they forcing a fire sale to exact their pound of flesh? No they are applying the rules to the letter of their laws, so "Computer says no" I am surmising to ensure the jolly japster from Smokey town does not threaten to sue them. Link to comment Share on other sites More sharing options...
Ellafella Posted January 13, 2022 Share Posted January 13, 2022 1 minute ago, Charlotte Ram said: No they are applying the rules to the letter of their laws, so "Computer says no" I am surmising to ensure the jolly japster from Smokey town does not threaten to sue them. But they’re delaying procedures when we haven’t got time on our hands. Unnecessarily…because a preferred bidder surely wouldn’t want the Club to liquidate when they’re trying to buy it in its current state. Link to comment Share on other sites More sharing options...
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