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The Administration Thread


Boycie

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On 28/06/2022 at 07:51, G STAR RAM said:

https://www.derbytelegraph.co.uk/sport/football/football-news/derby-county-takeover-david-clowes-7261769.amp

@The Baronwhere does the price of £22m come from please, I'm assuming from Land Registry records?

Hi, It was an estimate based on comparing the debt capitalised at Gellaw NewCo less the original figure, ties in with comments I’d heard from other places. The balance came to exactly £22m. Could be some tax issues too outstanding.

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I wouldn’t worry if there’s no news today.  Technically I suspect it’s all sorted between DC, admins and creditors and I don’t think there’s much more they can do at that point.  The final piece is likely to be the EFL approving the business plan.  Once this lands, contracts can be exchanged and money paid.  It just depends when this comes through.  Not ITK, just a hunch based on what we’ve read about the process when CK was involved.

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