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The Administration Thread


Boycie

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1 hour ago, Woodley Ram said:

There are a lot of ‘experts’ on their site who have opinions on all clubs not just Derby. For Derby they feel that.

- we blame everyone and not ourself…….no we blame Mel

- we supported him when he was being a ****…….. yes we were misled , we did ask the question but he told some   porkies 

- we have got away with murder with the EFL…..really..we got the points we deserved ( although Reading were treated a little nicer), what more do you want

- we should not play Belick as we have not paid for him….tosh, we could not sell him he was injured and why do you think that.

- the stadium sale was illegal…no, it was higher than I thought it was worth but have a look at other things going on.

- It is ok for BCFC and others to take possible future income from transfers as part 0f a covid reduction…….and you have an issue with amortisation, do you really think that’s fair? 

- BCFC will never go over FFP, umm you might even with the overly kind covid allowance 

like this site their are good and bad on the BCFC site but they need to focus on themselves rather than other clubs 

I had a look at the link to their site and noticed the Pop individual answered you directly over there!

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56 minutes ago, atherstoneram said:

Of course there is, it is not only a case of meeting creditor requirements (or not as the case may be) they also have to show the administrators their plans going forward. As i said earlier the administrators are not going to sell the club to see it back in administration in 12 months time. It is not about whether we get a - 15 point deduction or not, that is nothing to do with the administrators.It is all about what they offer and the plan for the club to survive.

Arguably a lower* bid gives LOWER probability of liquidation as the new owner will have more day to day cash for running the club.

*Maximum creditor hair cut…

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2 hours ago, 1of4 said:

If we're to believe the last statement made by the administrators, any prospective buyer should now have registered their bid. Now we have the wait while the administrators decide if any bid is acceptable or if its liquidation.

So once a decision is reached whatever the outcome, how much longer can, will the administrators stretched out the drum roll before the big reveal.

There won’t be any suitable preferred bids, we’ll now have to suffer the indignation of the masses as the idiot that is Mel Morris makes a lame bid to save us like the hero he thinks he is. The EFL will be quite happy to have 6 weeks of theatre to fill the ether until seasons end. From there it’s liquidation.

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2 hours ago, TheresOnlyWanChope said:

That Bristol forum is full of clueless and Derby obsessed morons. Very strange. Just the title- Derby Deserve relegation.... why? It’s just weird. 

The pubs in Bristol must be a riot pre-match, all those PowerPoint presentations and football finance projections flying around.

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6 hours ago, Coconut's Beard said:

You seem to have totally unrealistic expectations - especially so since you're only looking in from the outside and have no idea what they're actually dealing with on a daily basis - then judge them against those.

I find it a bizarrely imperious attitude tbh, but nothing new there.

There are no direct situations to compare their work against, no examples of other clubs facing the same circumstances we've had. If anything on the face of it far less complicated situations have seen other clubs in administration for many months longer than we have been.

they wrote a paper on all of this before taking office - there were no complexities they were unaware of.

Fans' expectation (including yours perhaps) was that they would get the PB announced in Dec or latest Jan. You now call that unrealistic but it was Q's timetable. It's 28 March today.

Have to say, when they announced their timetable in Sept, I thought there was plenty of room for slippage

I think they are under resourced - they have handled the various workstreams (EFL, creditors, Gibbo, exit, bid process) in too sequential a way. This led to the EFL-football creditors-Gibbo debacle arising far too late in the day, wrecking our transfer window and exposing the entire process to added risk.  The last month fannying around with the bidders speaks for itself.

This is not hindsight. Posters on here were warning months ago that bidders would not take the Gibbo risk. And people were saying months before it happened that MM's involvement was needed to solve the Gibbo issue, and there were press articles along the same lines. Q needed to be speaking to the EFL about the FC issue in advance of the train wreck; in the same way they needed to be speaking to bidders in advance of receiving bids that failed to clear the bar last month.

I'm not unrealistic. They are human, things will go wrong. But it's verging on a comedy of errors. 

Edited by kevinhectoring
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5 minutes ago, curb said:

When Derby County dies,

When Derby County dies,

They’ll be pouring over account statements,

Discussing FFP limits,

Creating loads of Pie Chaaaaaarts……….

Yep, there mums will be finding some crusty tissues in their basement bins the following morning.  Creditors reports with the Steve Gibson centrefold stuck together and everything

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3 hours ago, Dean (hick) Saunders said:

Arguably a lower* bid gives LOWER probability of liquidation as the new owner will have more day to day cash for running the club.

*Maximum creditor hair cut…

The administrators will be more focused on what they can get for creditors not what the new owners have to spend on the day to day running of the club.If they cannot come to an agreement as to what the creditors will accept or they deem acceptable they will be asking questions of bidders what their expectations are,they will not look favourably on getting very little for creditors and then spending more on day to day running.

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3 hours ago, kevinhectoring said:

they wrote a paper on all of this before taking office - there were no complexities they were unaware of.

Fans' expectation (including yours perhaps) was that they would get the PB announced in Dec or latest Jan. You now call that unrealistic but it was Q's timetable. It's 28 March today.

Have to say, when they announced their timetable in Sept, I thought there was plenty of room for slippage

I think they are under resourced - they have handled the various workstreams (EFL, creditors, Gibbo, exit, bid process) in too sequential a way. This led to the EFL-football creditors-Gibbo debacle arising far too late in the day, wrecking our transfer window and exposing the entire process to added risk.  The last month fannying around with the bidders speaks for itself.

This is not hindsight. Posters on here were warning months ago that bidders would not take the Gibbo risk. And people were saying months before it happened that MM's involvement was needed to solve the Gibbo issue, and there were press articles along the same lines. Q needed to be speaking to the EFL about the FC issue in advance of the train wreck; in the same way they needed to be speaking to bidders in advance of receiving bids that failed to clear the bar last month.

I'm not unrealistic. They are human, things will go wrong. But it's verging on a comedy of errors. 

You are focusing on the administrators concentrating on putting the club First rather than their statutory obligation of putting creditors First. For all we/you know the administrators may have spoken to bidders of what is required to "clear the bar" perhaps the bidders are unwilling to do that.Don't keep blaming the administrators for the mess they are working through.

The comedy of errors is the state the club was left in when they walked through the door.

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