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The Administration Thread


Boycie

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2 minutes ago, duncanjwitham said:

Basically confirmed what we all think then. We have an exit plan ready to,go, but the EFL won’t allow us to put it into action until we’ve paid off ‘boro and Wycombe.

This is an absolute disgrace, and surely illegal.

They say the Boro/Wycombe claims have to be addressed but neither those clubs nor the EFL have actually started legal proceedings or set up a tribunal. There’s nothing official to resolve - only threats. So DCFC have no means to resolve this. 

As EFL are choosing to treat these threats as actionable, surely they’re liable to being sued by our creditors (for endangering their chance of receiving payment) and DCFC (for restraint of trade). 

 

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1 minute ago, duncanjwitham said:

Basically confirmed what we all think then. We have an exit plan ready to,go, but the EFL won’t allow us to put it into action until we’ve paid off ‘boro and Wycombe.

EFL are holding up the sale based on claims with no legal standing then.  A new buyer seems happy to take the club on but the EFL - despite there statement- are classing these two twits as football creditors by their own decree.  The admin haven't put sufficient funding in place assuming they would get this over the line today-  that was an error.   In the meantime, with interest, debts get higher.  If we go under in the next week or two they get nothing.  

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5 minutes ago, angieram said:

The statement is out and it all boils down to the EFL insisting on the Middlesbrough and Wycombe claims being sorted before purchase.

Three bids on the table but we cannot move on them.

The EFL have won.

… and the reason being they know if they allow it wait until a potential new owner is in place the claims will be blown out of the water as unmerited, without precedent and baseless… however they are willing to sacrifice a club and it’s community in this ridiculous roadblock  standoff… how the duck do they sleep at night

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