B4ev6is Posted March 23, 2022 Share Posted March 23, 2022 10 minutes ago, Curtains said: RD just said no preferred bidder unveiled Friday . Quantuma will be in a position to select preferred bidder by Friday . So is that closer ! Yes it is Curtains 1 Link to comment Share on other sites More sharing options...
B4ev6is Posted March 23, 2022 Share Posted March 23, 2022 Just now, BramcoteRam84 said: Think I called this earlier in the week. Select bidder in private then EFL then announcement, if we don’t hear of any significant progress or an unforeseen EFL curveball in the next 2 weeks then any shred of remaining credibility Q have left will be gone. Look all of this will take time. i-Ram and Curtains 1 1 Link to comment Share on other sites More sharing options...
TuffLuff Posted March 23, 2022 Share Posted March 23, 2022 Nice move by Team Derby in my opinion, they enforced the admins to come out before the end of the week and give the fans an actual timeline. r_wilcockson, angieram, Comrade 86 and 1 other 3 1 Link to comment Share on other sites More sharing options...
Sparkle Posted March 23, 2022 Share Posted March 23, 2022 2 hours ago, Gritstone Ram said: How does that work if you owe £1m and the house is only worth £100k? We will find out in a couple of years when interest rates keep going up jimtastic56 1 Link to comment Share on other sites More sharing options...
Curtains Posted March 23, 2022 Share Posted March 23, 2022 So correct me if I’m wrong but do Quantuma now go to EFL and say these are the bids but none will satisfy all the creditors which one will suffice. Link to comment Share on other sites More sharing options...
B4ev6is Posted March 23, 2022 Share Posted March 23, 2022 The right person needs to be picked and hopeful he or she will have funds to pay debts in one go. Curtains 1 Link to comment Share on other sites More sharing options...
B4ev6is Posted March 23, 2022 Share Posted March 23, 2022 1 minute ago, Curtains said: So correct me if I’m wrong but do Quantuma now go to EFL and say these are the bids but none will satisfy all the creditors which one will suffice. Or the ones being put forward will make them happy with the deal. Tamworthram and Curtains 1 1 Link to comment Share on other sites More sharing options...
Sparkle Posted March 23, 2022 Share Posted March 23, 2022 3 minutes ago, Curtains said: So correct me if I’m wrong but do Quantuma now go to EFL and say these are the bids but none will satisfy all the creditors which one will suffice. The administrators should pick one and take it to the EFL and say this is it like it or lump it Curtains, RAM1966 and Derby4Me 3 Link to comment Share on other sites More sharing options...
Curtains Posted March 23, 2022 Share Posted March 23, 2022 2 minutes ago, B4ev6is said: Or the ones being put forward will make them happy with the deal. I suppose that’s possible and I really hope it is. None of us know for sure . We will just have to be patient mate Link to comment Share on other sites More sharing options...
kevinhectoring Posted March 23, 2022 Share Posted March 23, 2022 3 minutes ago, TuffLuff said: Nice move by Team Derby in my opinion, they enforced the admins to come out before the end of the week and give the fans an actual timeline. Wonder whether in recent weeks Q have been working to get bidders bidding on the same basis. And whether this week at least 2 PBs are rebidding on that basis. It’s taken far too much time Link to comment Share on other sites More sharing options...
B4ev6is Posted March 23, 2022 Share Posted March 23, 2022 4 minutes ago, Curtains said: I suppose that’s possible and I really hope it is. None of us know for sure . We will just have to be patient mate At least we know what is going off now but I still think they got wind of a protest against them so they throught we better get on with this before it gets nasty. Curtains 1 Link to comment Share on other sites More sharing options...
Wignall12 Posted March 23, 2022 Share Posted March 23, 2022 17 minutes ago, Curtains said: So correct me if I’m wrong but do Quantuma now go to EFL and say these are the bids but none will satisfy all the creditors which one will suffice. Stop being such a grouch .....pull yourself together (see what I did there ?) Curtains 1 Link to comment Share on other sites More sharing options...
MackworthRamIsGod Posted March 23, 2022 Share Posted March 23, 2022 Like Chris Kirchner said in a tweet once "another one of their made up deadlines". The blokes are absolutely jokers. jimtastic56 1 Link to comment Share on other sites More sharing options...
Big Bad Bob Posted March 23, 2022 Share Posted March 23, 2022 3 hours ago, Tamworthram said: As I understand it, FFP is all about profit and loss not assets and liabilities. So, you could have a massive debt but, provided you are able to service it, it's OK for FFP/P&S. Even better for FFP/P&S if the lender just writes it off. With regard to selling the stadium to yourself, I guess the big difference between us and Stoke is that either their owners are far wealthier or far more generous that Mel. By buying the stadium owners still retain some kind of asset rather than just writing off a loan but, hasn't that loophole now been closed? I still don't get it. In my simple head, Stoke have been making a loss and have taken loans to service the accrued debt (or to put equity into the club). The loans have now been waived so wiping out their debt. If it was a simple as that to meet FFP rules, there would be plenty of clubs doing it and not having to come up with creative means to 'stay within' FFP rules. The wealth of the owners of the (Mel vs Bet365) is irrelevant. The point still stands. Will the £120m be included in the rolling three year FFP cycle? Link to comment Share on other sites More sharing options...
Carnero Posted March 23, 2022 Share Posted March 23, 2022 Just now, Big Bad Bob said: I still don't get it. In my simple head, Stoke have been making a loss and have taken loans to service the accrued debt (or to put equity into the club). The loans have now been waived so wiping out their debt. If it was a simple as that to meet FFP rules, there would be plenty of clubs doing it and not having to come up with creative means to 'stay within' FFP rules. The wealth of the owners of the (Mel vs Bet365) is irrelevant. The point still stands. Will the £120m be included in the rolling three year FFP cycle? You're missing the point. The write off of loans or conversion of loans into equity is specifically excluded from the FFP calculations. r_wilcockson and angieram 2 Link to comment Share on other sites More sharing options...
B4ev6is Posted March 23, 2022 Share Posted March 23, 2022 4 minutes ago, Carnero said: You're missing the point. The write off of loans or conversion of loans into equity is specifically excluded from the FFP calculations. Why could derby not been allowed to this I know nuffin 1 Link to comment Share on other sites More sharing options...
i-Ram Posted March 23, 2022 Share Posted March 23, 2022 Ramarena 1 Link to comment Share on other sites More sharing options...
Big Bad Bob Posted March 23, 2022 Share Posted March 23, 2022 12 minutes ago, Carnero said: You're missing the point. The write off of loans or conversion of loans into equity is specifically excluded from the FFP calculations. That's what I'm getting at. Why, aren't other owners doing the same so they can bankroll clubs? Link to comment Share on other sites More sharing options...
Tamworthram Posted March 23, 2022 Share Posted March 23, 2022 6 minutes ago, Big Bad Bob said: I still don't get it. In my simple head, Stoke have been making a loss and have taken loans to service the accrued debt (or to put equity into the club). The loans have now been waived so wiping out their debt. If it was a simple as that to meet FFP rules, there would be plenty of clubs doing it and not having to come up with creative means to 'stay within' FFP rules. The wealth of the owners of the (Mel vs Bet365) is irrelevant. The point still stands. Will the £120m be included in the rolling three year FFP cycle? Sorry. I see what you mean. I guess it all comes down to how much of their losses for 2020/21 they can attribute to Covid but, from what I can see, their 2019/20 accounts showed a staggering loss of £88m Link to comment Share on other sites More sharing options...
Ramos Posted March 23, 2022 Share Posted March 23, 2022 When for the love of god are we going to name our unpreferred bidder. jimtastic56 and europia 2 Link to comment Share on other sites More sharing options...
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