We'll be back in 81 Posted January 22, 2022 Share Posted January 22, 2022 If the administrators name a preferred bidder who is willing to take on the claims can we come out of admin as long as the EFL are happy with the fit and proper test before those claims are contested ? RadioactiveWaste 1 Link to comment Share on other sites More sharing options...
Jimbo Ram Posted January 22, 2022 Share Posted January 22, 2022 1 minute ago, hiltonram said: If the administrators name a preferred bidder who is willing to take on the claims can we come out of admin as long as the EFL are happy with the fit and proper test before those claims are contested ? Who knows ? Link to comment Share on other sites More sharing options...
Curtains Posted January 22, 2022 Share Posted January 22, 2022 4 minutes ago, Jimbo Ram said: Read somewhere today that Ashley’s interest was cooling…. https://footballleagueworld.co.uk/significant-update-emerges-on-mike-ashleys-interest-in-Derby-county/ Link to comment Share on other sites More sharing options...
ollycutts1982 Posted January 22, 2022 Share Posted January 22, 2022 2 minutes ago, hiltonram said: If the administrators name a preferred bidder who is willing to take on the claims can we come out of admin as long as the EFL are happy with the fit and proper test before those claims are contested ? Luckily Peter Ridsdale is one who chooses who is fit and proper to run a club. The same man who was banned from any directorships for 7/8 years upto 2020. That is the EFL for you ladies and gentlemen. Rotten to the core. GenBr, PistoldPete, IslandExile and 11 others 4 8 2 Link to comment Share on other sites More sharing options...
Jimbo Ram Posted January 22, 2022 Share Posted January 22, 2022 2 minutes ago, ollycutts1982 said: Luckily Peter Ridsdale is one who chooses who is fit and proper to run a club. The same man who was banned from any directorships for 7/8 years upto 2020. That is the EFL for you ladies and gentlemen. Rotten to the core. Do they not do a fit and proper test on themselves ? RadioactiveWaste and Curtains 1 1 Link to comment Share on other sites More sharing options...
PistoldPete Posted January 22, 2022 Share Posted January 22, 2022 4 minutes ago, Jimbo Ram said: Do they not do a fit and proper test on themselves ? Yes, he is fit to be on the EFL Board. He fits right in with the rest of them. Ramarena, RadioactiveWaste and Jon Bon Pony 1 1 1 Link to comment Share on other sites More sharing options...
ollycutts1982 Posted January 22, 2022 Share Posted January 22, 2022 7 minutes ago, Jimbo Ram said: Do they not do a fit and proper test on themselves ? Obviously not. Could you imagine if they implemented their own tests. The boardroom would be empty. TomG 1 Link to comment Share on other sites More sharing options...
scout's dad Posted January 22, 2022 Share Posted January 22, 2022 19 minutes ago, Curtains said: https://footballleagueworld.co.uk/significant-update-emerges-on-mike-ashleys-interest-in-Derby-county/ Funny that there was no mention of the Bonnie's bid. The article talks about " today's game". Methinks it's not a recent one. Link to comment Share on other sites More sharing options...
Curtains Posted January 22, 2022 Share Posted January 22, 2022 (edited) 6 minutes ago, scout's dad said: Funny that there was no mention of the Bonnie's bid. The article talks about " today's game". Methinks it's not a recent one. Maybe Edited January 22, 2022 by Curtains Link to comment Share on other sites More sharing options...
PistoldPete Posted January 22, 2022 Share Posted January 22, 2022 1 hour ago, DCFC1388 said: John Percy latest below. Interesting that Rooney still has players lined up to come in. The Percy article seems to confirm my fears that the Binnie bid is not as good as the other bids. They can't come in and deduct monies from an acceptable purchase price, just because they are offering to cover Boro and Wycombe claims. So effectively the other genuine creditors would lose out because of the Boro and Wycombe claims. That can't happen. RadioactiveWaste 1 Link to comment Share on other sites More sharing options...
Curtains Posted January 22, 2022 Share Posted January 22, 2022 2 minutes ago, PistoldPete said: The Percy article seems to confirm my fears that the Binnie bid is not as good as the other bids. They can't come in and deduct monies from an acceptable purchase price, just because they are offering to cover Boro and Wycombe claims. So effectively the other genuine creditors would lose out because of the Boro and Wycombe claims. That can't happen. They haven’t Link to comment Share on other sites More sharing options...
Rambalin Posted January 22, 2022 Share Posted January 22, 2022 Ashley's usual way of doing things is to wait till everyone else has shown their money then swoop in and scoop the business up. He is not afraid to leave it to the deadline to do so.... We however need it this coming week Derby4Me 1 Link to comment Share on other sites More sharing options...
Mihangel Posted January 22, 2022 Share Posted January 22, 2022 10 minutes ago, PistoldPete said: The Percy article seems to confirm my fears that the Binnie bid is not as good as the other bids. They can't come in and deduct monies from an acceptable purchase price, just because they are offering to cover Boro and Wycombe claims. So effectively the other genuine creditors would lose out because of the Boro and Wycombe claims. That can't happen. Percy doesn't know any more than Maguire who knows less than my pet Hamster about the details of these bids, chill for a bit.... * I haven't got a pet Hamster, if I did, it would pull moonies to Percy and Maguire. Curtains and Ram-Alf 2 Link to comment Share on other sites More sharing options...
PistoldPete Posted January 22, 2022 Share Posted January 22, 2022 28 minutes ago, Mihangel said: Percy doesn't know any more than Maguire who knows less than my pet Hamster about the details of these bids, chill for a bit.... * I haven't got a pet Hamster, if I did, it would pull moonies to Percy and Maguire. He also shows he's a Forest fan. Dreadful challenge by Morrison?. What does that make Grabban's challenge. Forest were excellent? twelveincher 1 Link to comment Share on other sites More sharing options...
twelveincher Posted January 22, 2022 Share Posted January 22, 2022 8 minutes ago, PistoldPete said: He also shows he's a Forest fan. Dreadful challenge by Morrison?. What does that make Grabban's challenge. Forest were excellent? He’s a weasel. End of Link to comment Share on other sites More sharing options...
Tyler Durden Posted January 22, 2022 Share Posted January 22, 2022 1 hour ago, PistoldPete said: The Percy article seems to confirm my fears that the Binnie bid is not as good as the other bids. They can't come in and deduct monies from an acceptable purchase price, just because they are offering to cover Boro and Wycombe claims. So effectively the other genuine creditors would lose out because of the Boro and Wycombe claims. That can't happen. But they can though. I can't see any right minded business person rushing into buy a club that has 2 potentially large legal cases against it without mitigating the outcomes Link to comment Share on other sites More sharing options...
StaffsRam Posted January 22, 2022 Share Posted January 22, 2022 (edited) As I said earlier, the only potential issue with the Binnie bid is if MSD aren’t game for it. If the intent isn’t to repay MSD but leave their loans running then the £28m will likely cover the remaining debt in line with whatever agreement the Admins have reached with them. Given that their loan(s) are secured against the stadium, underpinned by a personal guarantee by Mel, then there’s no real reason that MSD wouldn’t be happy to let the loans be serviced and repaid over time. I think the only real difference between the Binnie bid and the others is that the others will be looking to do something with MSD and the stadium. I don’t really see any reason to be worried about the Binnie bid. Of course it would be preferable to have the stadium aligned with the club ownership, and once the MFC/WW fantasy claims have been binned off it will be, but for now if that’s the price for accepting the risk of the parasite claims then fine. Edited January 22, 2022 by StaffsRam r_wilcockson 1 Link to comment Share on other sites More sharing options...
Sparkle Posted January 22, 2022 Share Posted January 22, 2022 2 hours ago, hiltonram said: If the administrators name a preferred bidder who is willing to take on the claims can we come out of admin as long as the EFL are happy with the fit and proper test before those claims are contested ? Who knows as they make it up as they go along Link to comment Share on other sites More sharing options...
kevinhectoring Posted January 22, 2022 Share Posted January 22, 2022 1 hour ago, PistoldPete said: The Percy article seems to confirm my fears that the Binnie bid is not as good as the other bids. They can't come in and deduct monies from an acceptable purchase price, just because they are offering to cover Boro and Wycombe claims. So effectively the other genuine creditors would lose out because of the Boro and Wycombe claims. That can't happen. Seems there must be a danger that a court would ask: you are planning to pay the WM claims in full (even though you don’t think you’ll lose). But you are planning to pay existing unsecureds just 25p in the pound? How is that fair as between the classes ? Link to comment Share on other sites More sharing options...
StaffsRam Posted January 22, 2022 Share Posted January 22, 2022 5 minutes ago, kevinhectoring said: Seems there must be a danger that a court would ask: you are planning to pay the WM claims in full (even though you don’t think you’ll lose). But you are planning to pay existing unsecureds just 25p in the pound? How is that fair as between the classes ? At which point we refer them to the EFL’s rules. They’re the ones who say all football creditors have to be repaid 100%. RadioactiveWaste and Crewton 2 Link to comment Share on other sites More sharing options...
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