The Administration Thread

[DavesaRam]

2 minutes ago, Mucker1884 said:

I hope she's waving to the EFL!

[Ram-Alf]

13 minutes ago, DavesaRam said:

But the reason we were slaughtered is because Billy sabotaged our season before it even started. 

As I said Dave.

"We've had this before under the wee Scotsman, We were promoted and slaughtered in the season back to the PL...11points"

Buying Claude Davis for £3m was the highlight of our transfer dealings 😡 

 

 

[MackworthRamIsGod]

6 hours ago, ram59 said:

What a ridiculous statement to make regarding Covid, you can't possibly say that suddenly losing nearly £30m of income had no effect on the business. Yes, I agree that the business was vulnerable because MM's actions, but without Covid the club would not have gone into administration at that time. If he had continued in the same manner, then it would have happened at a later date, but there were signs that we were starting to reduce the wages before administration, when high earning players were not replaced.

I still cannot fathom why clubs weren't given special dispensation due to Covid, which then meant miraculously we werent able to access the 8 million grant/loan. infact the only reason I can think of is because had those things happened, it would probably have saved the club and Parry wouldn't have been able to get Mel.

 

[Gee SCREAMER !!]

22 minutes ago, DavesaRam said:

But the reason we were slaughtered is because Billy sabotaged our season before it even started. He is famously quoted as saying at Wembley  "It should have been Preston's ribbons being tied on the trophy". He then went on holiday for who knows how many weeks, so when he finally set about bringing in Premiership quality players, they'd all been signed up, and we had to make do with what was left (ie the ones nobody else wanted). In addition he tried to take on the Premiership teams with his hoof-ball tactics, which only worked the once when Wimbledon surprised everybody with those tactics), and most certainly don't work when all you've got are Championship quality players. And in the middle of all that he started engineering his dismissal with regular statements to the media about needing the club to back him, when there was actually very little more they could do. He was duly sacked, leaving Paul Porno to take over the reigns of the hamstrung horse.

There's nobody left.  Then there's Eddie Lewis, Andy Griffin and a whole host of total pap he spent millions on in wages like Fagan and Macken.  Better with nobody at all.

[Ram-Alf]

15 minutes ago, MackworthRamIsGod said:

I still cannot fathom why clubs weren't given special dispensation due to Covid, which then meant miraculously we werent able to access the 8 million grant/loan. infact the only reason I can think of is because had those things happened, it would probably have saved the club and Parry wouldn't have been able to get Mel.

 

I think the story went something like this.

Rick Parry said...DCFC never asked for a Covid loan

DCFC said...we were told by the EFL that if we asked for a Covid loan it would be denied.

 

[europia]

30 minutes ago, DavesaRam said:

But the reason we were slaughtered is because Billy sabotaged our season before it even started. He is famously quoted as saying at Wembley  "It should have been Preston's ribbons being tied on the trophy". He then went on holiday for who knows how many weeks, so when he finally set about bringing in Premiership quality players, they'd all been signed up, and we had to make do with what was left (ie the ones nobody else wanted). In addition he tried to take on the Premiership teams with his hoof-ball tactics, which only worked the once when Wimbledon surprised everybody with those tactics), and most certainly don't work when all you've got are Championship quality players. And in the middle of all that he started engineering his dismissal with regular statements to the media about needing the club to back him, when there was actually very little more they could do. He was duly sacked, leaving Paul Porno to take over the reigns of the hamstrung horse.

Excellent post. At the time I had some sympathy with Gasdby, but in hindsight he should perhaps have been ruthless and sacked poisonous Davies after his disrespectful Wembley comments.  

[Tyler Durden]

57 minutes ago, ram59 said:

Make your mind up, you can't say Covid had nothing to do with it and then say that covid accelerated it.

You make up your mind.

You say that if we had continued in the same manner than regardless of Covid us entering administration would have happened at a later date. 

But then you try to mitigate that this wouldn't have happened as there were signs that we were moving in the right direction financially.

So actually you don't know if Covid didn't appear then we would have entered administration anyway. Down to Morris.

 

[ram59]

2 hours ago, DavesaRam said:

But the reason we were slaughtered is because Billy sabotaged our season before it even started. 

He started in January, by signing players on long contracts, who were barely championship level, never mind being bought in with the premier in mind.

[Caerphilly Ram]

The following DET article says David Clowes has settled a historic debt relating to agents fees. It also states we paid £250k in agents fees last summer as they are capped as part of the business, so not ruled out entirely 🤔

https://www.derbytelegraph.co.uk/sport/football/football-news/derby-county-agents-fees-clowes-8312823

And the club statement it relates to;

 

Edited March 31, 2023 by Caerphilly Ram

[Tamworthram]

6 minutes ago, Caerphilly Ram said:

The following DET article says David Clowes has settled a historic debt relating to agents fees. It also states we paid £250k in agents fees last summer as they are capped as part of the business, so not ruled out entirely 🤔

https://www.derbytelegraph.co.uk/sport/football/football-news/derby-county-agents-fees-clowes-8312823

And the club statement it relates to;

 

I'm being particularly dim this afternoon.

What does "the club is only permitted to pay a maximum of 5% in intermediary fees on any transfers" mean if we can't pay any actual transfer fees? What is it 5% of? Wages?

[Caerphilly Ram]

10 minutes ago, Tamworthram said:

I'm being particularly dim this afternoon.

What does "the club is only permitted to pay a maximum of 5% in intermediary fees on any transfers" mean if we can't pay any actual transfer fees? What is it 5% of? Wages?

I’m also baffled, maybe it’s 5% of the contract value? So effectively wages as you suggest. 

[B4ev6is]

If means stupid restrictions get lifted we can sign players on fees be worth it.

[jimtastic56]

A lot of the players in League 1 are only earning £2k a week. If we can pay several players £10k-£12k a week , we must stand a chance of getting the better players , especially if we can get Beilik’s wages sorted for his last year.

[Sparkle]

1 hour ago, jimtastic56 said:

A lot of the players in League 1 are only earning £2k a week. If we can pay several players £10k-£12k a week , we must stand a chance of getting the better players , especially if we can get Beilik’s wages sorted for his last year.

His agent might have been one that we needed to pay to get him moved to Birmingham to save some wages - who knows 

[Gritstone Ram]

6 hours ago, Tamworthram said:

I'm being particularly dim this afternoon.

What does "the club is only permitted to pay a maximum of 5% in intermediary fees on any transfers" mean if we can't pay any actual transfer fees? What is it 5% of? Wages?

It’s a bit like my pay rise 5% of fa= fa.

[TuffLuff]

 

[CBRammette]

41 minutes ago, TuffLuff said:

 

So does that just mean small enough to not need to be disclosed seperately?

[WestKentRam]

6 minutes ago, CBRammette said:

So does that just mean small enough to not need to be disclosed seperately?

I wonder if it is a matter of timing. The accounts are up to 30th June 2022.

David Clowes bought the club on 1st July 2022. Rob Couhig is on record as saying that the money for the compensation to WW came through two days after this.

https://www.derbytelegraph.co.uk/sport/football/football-news/derby-county-wycombe-rob-couhig-7512397

[G STAR RAM]

5 minutes ago, WestKentRam said:

I wonder if it is a matter of timing. The accounts are up to 30th June 2022.

David Clowes bought the club on 1st July 2022. Rob Couhig is on record as saying that the money for the compensation to WW came through two days after this.

https://www.derbytelegraph.co.uk/sport/football/football-news/derby-county-wycombe-rob-couhig-7512397

Anything sizeable would have been referred to in post balance sheet events.

[Steve Buckley’s Dog]

5 minutes ago, WestKentRam said:

I wonder if it is a matter of timing. The accounts are up to 30th June 2022.

David Clowes bought the club on 1st July 2022. Rob Couhig is on record as saying that the money for the compensation to WW came through two days after this.

https://www.derbytelegraph.co.uk/sport/football/football-news/derby-county-wycombe-rob-couhig-7512397

That’s good then. For a moment I was worried that they hadn’t received this richly deserved payment.