The Administration Thread

[hintonsboots]

The Quantuma team leaving Pride Park on Monday morning heading for EFL HQ in Preston with news of an anonymous PB.

[europia]

We are just about to enter another 48hr twilight zone. 

[strawhillram]

5 minutes ago, europia said:

We are just about to enter another 48hr twilight zone. 

Have we left the previous one yet?

[Van der MoodHoover]

39 minutes ago, Alty_Ram said:

Rightly or wrongly I have assumed that Q know that none of the bids will pass muster so after a kind of 'Best and Final Offer' appeal to any and all bidders and interested parties they have wrung every last drop they can out of this with view to saying - here you go, this is the best we can do. I can't in truth see a bid ticking enough boxes without MM doing something unexpected.

You'd think that with each passing week, the "best and final offers" are likely to be heading only in one direction...... 

[B4ev6is]

1 minute ago, Van der MoodHoover said:

You'd think that with each passing week, the "best and final offers" are likely to be heading only in one direction...... 

Or maybe that one of the bids that will clear the debts of perhaps mel has offered to clear some of them.

[Chester40]

Feels like when I have patiently waited in A&E for 4 hours...having been told the wait is 2hours, and then finally seen somebody who takes my name and asks me what the problem is before asking me to sit in another waiting room to see the specialist.

[Gee SCREAMER !!]

5 minutes ago, Van der MoodHoover said:

You'd think that with each passing week, the "best and final offers" are likely to be heading only in one direction...... 

I have this footage of our two preferred bidders preparing their final bids.

 

[i-Ram]

2 hours ago, Big Bad Bob said:

If that's the case then owners wouldn't be looking so closely at the rulebook to find means such as amortisation policy or selling stadiums to get more funds into the club. It's far too easy to loan a club the money and then write it off, or recoup if successful getting to the PL. It surely can't be that simple under ffp? 

BBB, affecting amortisation and selling stadiums is manipulating asset values, and therefore is an FFP (P&S) transaction. Loaning a club monies, even if it was £100m, does not have any affect on profitability, other than any interest element. 

[i-Ram]

1 hour ago, Chester40 said:

Feels like when I have patiently waited in A&E for 4 hours...having been told the wait is 2hours, and then finally seen somebody who takes my name and asks me what the problem is before asking me to sit in another waiting room to see the specialist.

How is that troublesome rash?

[CBRammette]

1 hour ago, i-Ram said:

BBB, affecting amortisation and selling stadiums is manipulating asset values, and therefore is an FFP (P&S) transaction. Loaning a club monies, even if it was £100m, does not have any affect on profitability, other than any interest element. 

This has gone on too long - very puzzled by your post thinking had missed something crucial with the mysterious "BBB". Then realised. Either being driven mad by this process or working on something until silly o'clock. 

[Dimmu]

This is positive for the creditors, Q Is milking for the highest bid.

We fans need to know our place in this narrative. It's the necessary role of collateral damage.

[Chester40]

6 hours ago, i-Ram said:

How is that troublesome rash?

A bit worried really,  the specialist had a good look and said she would need to see me again as a private consultation, apparently she was concerned about spreading as she had never seen anything so big, swollen and angry looking.

[Gaspode]

12 minutes ago, Chester40 said:

…..big, swollen and angry looking.

Kenny Burns?

[Carnero]

9 hours ago, Big Bad Bob said:

If that's the case then owners wouldn't be looking so closely at the rulebook to find means such as amortisation policy or selling stadiums to get more funds into the club. It's far too easy to loan a club the money and then write it off, or recoup if successful getting to the PL. It surely can't be that simple under ffp? 

I don't know why but you keep missing the point, the writing off of the loans does not help FFP. 

Profit from the sale of a stadium did help FFP (though the rules have now changed to exclude the profits from stadium sales too).

[DCFC27]

On 22/03/2022 at 09:15, Tamworthram said:

To be honest, I don’t think it matters how many previous cases there were. You only need one incident of a club taking advantage of the situation to walk away from their debts Scot free for it to be right to change the rules. If the EFL had foreseen it could happen they would probably have included the sanction in their rules before any club had done it.

How many examples are there of the following points deductions, embargo’s then almost sending or sending clubs under? I think we will be alright in the end but had this happened to a club with a smaller fan base I don’t think they would. 
I think they set a barrier to getting out of admin. If MM turned out to be the PB and he’s written off all the debt I think it would be reasonable. But this only punishes the fans and the club. Not the person(s) responsible. 

[DCFC27]

On 22/03/2022 at 10:18, Ghost of Clough said:

You can go into administration without exceeding P&S limits, as per Wigan a couple of years ago. In fact, going in to admin and exceeding P&S are extremely unlikely. The former suggests a lack of money, whilst the latter is usually a result of having plenty of money to throw around.

That’s what we thought. 

[FlyBritishMidland]

I don’t think this is a real change from the Team Derby announcement.  I suspect the use of the phrases like “deadline for bids” is probably a bit misleading.  Bids will be in.  Quantuma will have asked their last set of tender clarification / negotiation questions and the deadline for those to be in is Friday. After that, the PB is selected.  The next step is to take the details of the PB and their business plan to the EFL, and they usually meet on Thursday.  That would mean a public announcement at the end of next week.

[PistoldPete]

23 minutes ago, Carnero said:

I don't know why but you keep missing the point, the writing off of the loans does not help FFP. 

Profit from the sale of a stadium did help FFP (though the rules have now changed to exclude the profits from stadium sales too).

Writing off past loses  on a sale can often  help Ffp and has done for example when fawaz sold Forest. 
 

however as part of our November agreement with Efl in addition to kindly agreeing to our 21 point deduction we also agreed not to include any exceptional items. So that loophole is closed for us but not anyone else as far as I know. 

[Carnero]

9 minutes ago, PistoldPete said:

Writing off past loses  on a sale can often  help Ffp and has done for example when fawaz sold Forest. 
 

however as part of our November agreement with Efl in addition to kindly agreeing to our 21 point deduction we also agreed not to include any exceptional items. So that loophole is closed for us but not anyone else as far as I know. 

We're talking about loans from current owners though. Don't confuse him further!

[Sparkle]

10 hours ago, Big Bad Bob said:

If that's the case then owners wouldn't be looking so closely at the rulebook to find means such as amortisation policy or selling stadiums to get more funds into the club. It's far too easy to loan a club the money and then write it off, or recoup if successful getting to the PL. It surely can't be that simple under ffp? 

You can build up debt to an owner over time and if they are not wanting it back or interest on it then it’s not a problem the problem is that 95% of owners want it back ! - at Stoke city the owner of Bet 365 has far too much money and she helps her very rich brother and father out an awful lot with the Stoke city debt - we should have got her to buy us - in fact we still could probably