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The Administration Thread


Boycie

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2 minutes ago, alexxxxx said:

Theres also no reason to think that the efl would (or even could?) change their insolvency policy.

We’re only asking them to update it in line with real UK law. The EFL are an unregulated quango run by an unprofessional board. In their world the earth is still flat and leaches are used to treat septicaemia. ducking get a grip of it Rick.

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What another mess of an EFL statement 

what does it say - it says the administrators can go to  arbitration or go to high court - Go to high court please and quickly 

EfL are saying they will kick us out of the league if don’t comply with paying the parasites by means of a legal administration procedure kick us out then

The EFL are at last trying to organise a meeting between stakeholders (some who are not in administration?) I assume that’s because the politicians are asking why aren’t the EFL doing anything to resolve anything.

Middlesbrough apparently started a claim last January whilst no date given for Wycombe (inconsistent) 

it’s taken the EFL until the 3rd of February 2022 to ask for a meeting to take place - absolutely abysmal leadership 

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2 minutes ago, hintonsboots said:

We’re only asking them to update it in line with real UK law. The EFL are an unregulated quango run by an unprofessional board. In their world the earth is still flat and leaches are used to treat septicaemia. ducking get a grip of it Rick.

Yeah but why would they if they don't have to? It's completely contrary to their mandate of representing the other clubs. The EFL are not fair or independent... I don't think that should come as a surprise. 

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12 minutes ago, hintonsboots said:

Why would a club need to be in admin to be sued by a fellow league member ? The EFL have opened the floodgates and some massive claims could arise, which would be enough to bankrupt certain clubs.

They don't,  but if a clubs in admin they can't defend themselves, so every club might as well sue them for any reason they can think of. If the admin club doesn't pay out, they go extinct. The suing club has nothing to lose. 

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Just now, DCFC Kicks said:

They don't,  but if a clubs in admin they can't defend themselves, so every club might as well sue them for any reason they can think of. If the admin club doesn't pay out, they go extinct. The suing club has nothing to lose. 

Mel should have taken the threat / claim from Gibson to court before he put us in admin. But he did a runner

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5 minutes ago, Andicis said:

Mel destroyed us. They just put the nails in the coffin. 

He did. But the efl could have stopped this long before it got serious. I hold them all to the same account. Spineless weasels. Insert many swear words between those words.

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We need a court injunction to prevent the EFL from carrying out pre-emptive action to kick us out of the league. Then we take the parasites' cases to court and get them shown up for what they are. A PB is immediately aware what the club will cost, debts can be paid, the club comes out of administration and the restrictions are relaxed. In the meantime, the EFL are disbanded and Boro miss out on promotion (again) thus putting them into a significant risk of failing FFP and starting next season on - points. Simples!

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53 minutes ago, TuffLuff said:

Said on Friday I didn’t think the EFL were necessarily the bad guys, just a unorganised and incompetent organisation being taken advantage of. Now they have seemingly drawn their line in the sand I’ll happily say they are a corrupt as any organisation and can frankly do one because how they are acting is dreadful and needs calling out.

This will never be forgotten.

Ok, well its taken you a while... on Sunday there were 32k saying what they thought of the EFL..now it's 32,001.

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I think this moves things on fairly significantly. Look at it from SGs position. If we go to court he could:

A) win a big payout, which is highly unlikely and which may liquidate us. Consequently he gets £0 and potentially gets HMRC pursuing MFC for our unpaid debt. 
B) win a small payout for lost revenue of a P/O semifinal. More likely but no way guaranteed

C) the case gets thrown out and he pays costs and looks a complete tool.

From his POV arbitration is the best option as it carries least jeopardy. Admins and bidders know this and consequently know he comes to arbitration with a weakened position.

Game theory would indicate that the preferred bidders should collude to bring down the sum offered to SG to a negligible amount as this will be better than court for him. Chances are they wouldn’t collude but they do have coinciding interests …..
 

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