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The Administration Thread


Boycie

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25 minutes ago, 86 Hair Islands said:

Just typical EFL posturing. I think they're absolutely s******* themselves now their pursuit of Derby is looking like it could prove terminal, so they are desperately trying to position Q as the villains of the peace and hoping everyone will forget their role in this whole, sorry debacle.

This.

Rick Parry will be desperate not to be blamed if we go under. He is personally responsible for his failure to deal with Gibson's spurious claim. Cowardly and unprofessional behaviour which will never be forgiven.

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4 minutes ago, uttoxram75 said:

This.

Rick Parry will be desperate not to be blamed if we go under. He is personally responsible for his failure to deal with Gibson's spurious claim. Cowardly and unprofessional behaviour which will never be forgiven.

Never forgiven, nor forgotten; EFL yet again showing mastery of false messaging and accusatory finger-pointing. They are showing their panic in the only way they know - to shift the blame.

They delayed and deferred many processes which damaged DCFC for 2.5 years, as if MM & Pearce's stupidity and 'creativity' weren't enough to mortally would the club.

We will mount a huge witch-hunt and media assault if DCFC dies, to turn the spotlight on these incompetent custodians of the League. We'll do it anyway: we're Derby County, we'll fight to the end!

Permanent middle-finger and worst wishes too upon the parasite clubs ? 

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1 hour ago, G STAR RAM said:

Stoke debts at 31 May 2021 £230m

Middlesbrough debts at 30 June 2021 £150m

Birmingham debts at 30 June 2021 £117m

Reading debts at 30 June 2021 £116m

Nottingham Forest debts at 30 June 2021 £73m

By G Star Ram

The difference is those clubs are not in administration and at this time are a going concern.

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2 hours ago, B4ev6is said:

I have seen efl want to speak to other bidders but Q are blocking them doing just that.

If that is the case surely efl can go to the FA and say we need your help.

The administrators are not doing anything of the sort, there is a judicial process that has to be followed and the EFL cannot interfere with that. 

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1 hour ago, kevinhectoring said:

Cobblers   Q should just tell bidders that if they want to stay in the frame then they need to consent to disclosure to EFL

Once again Q make the wrong call 

Rubbish, they are only in negotiations with the administrators, they cannot force the bidders to disclose anything to a Third party.

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1 hour ago, uttoxram75 said:

This.

Rick Parry will be desperate not to be blamed if we go under. He is personally responsible for his failure to deal with Gibson's spurious claim. Cowardly and unprofessional behaviour which will never be forgiven.

True, the EFL now find themselves trapped in a corner and are looking for a scapegoat.

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4 hours ago, DCFC1388 said:

Surely if there is no takeover done by Tues the admins need to secure funding for the rest of the season, at least that way we can start to build pur squad within the framework of the finances for the season.

I dont see a further loan putting off bidders as if it was that much of a concern they would bid enough now. Also, they would have covered the cost of the season themselves anyway so any loan would be what they would have already paid, maybe just with abit of interest on top which imo they deserve to pay for making this drag out and not just bidding.

If they take another loan out all it is doing is adding debt on to debt therefore the bidders will have to pay more to get the club out of administration, it seems like the debt is already too high.

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9 hours ago, Ghost of Clough said:

Oh, I see @Oldben meant in the history of the Championship. Not even top 6.

 

I think that the rob dorsett article in sky news was referencing the largest ever debt for a championship club that's been placed in Administration.

https://www.google.com/amp/s/www.skysports.com/amp/football/news/11696/12527725/derby-countys-debts-believed-to-be-more-than-60m

 

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7 hours ago, G STAR RAM said:

Stoke debts at 31 May 2021 £230m

Middlesbrough debts at 30 June 2021 £150m

Birmingham debts at 30 June 2021 £117m

Reading debts at 30 June 2021 £116m

Nottingham Forest debts at 30 June 2021 £73m

By G Star Ram

The Stoke debts include loans by the owner - I suspect that others do too. If our £123.4m owed to Mel is included, we were getting up towards £200m in debt.

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11 minutes ago, CornwallRam said:

The Stoke debts include loans by the owner - I suspect that others do too. If our £123.4m owed to Mel is included, we were getting up towards £200m in debt.

But we dont owe £123.4m to MM so its irrelevant.

MM has pulled the plug and our club owes somewhere in the region of £70m.

If the clubs listed above had their owners pull the plug that is what they would owe.

Just correcting the poster that was saying our debts are the highest ever seen in the Championship, they are not even close.

 

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7 hours ago, kevinhectoring said:

Cobblers   Q should just tell bidders that if they want to stay in the frame then they need to consent to disclosure to EFL

Once again Q make the wrong call 

They could make it part of the NDA's being signed. After all they'll have to pass EFL's Fit & Proper test and so on further down the line.

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7 hours ago, kevinhectoring said:

Cobblers   Q should just tell bidders that if they want to stay in the frame then they need to consent to disclosure to EFL

Once again Q make the wrong call 

 

image.png.be5cad3b3478de7deaef56be90e0b6c1.png

 

 

So that would pretty much rule everyone of the bidders out except for ashley maybe. Thank goodness you are not in charge of the bidding process.

 

 

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12 minutes ago, G STAR RAM said:

But we dont owe £123.4m to MM so its irrelevant.

MM has pulled the plug and our club owes somewhere in the region of £70m.

If the clubs listed above had their owners pull the plug that is what they would owe.

Just correcting the poster that was saying our debts are the highest ever seen in the Championship, they are not even close.

 

But that's illogical. 

At the point of entering administration, we owed  c£193m. That is the direct comparison with the above list.

OK, it seems from the administrators update that Mel hasn't claimed the £123.4m, but that doesn't mean it didn't exist, nor that the owners of the other clubs wouldn't do something similar if they went into admin.

To compare our £70m with Stoke's £230m is comparing apples to oranges - they are two different things.

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