The Administration Thread

[Crewton]

1 hour ago, RAM1966 said:

He will have no option if it forms part of the lease agreement...

That seems unlikely when DCFC have technically defaulted on the lease by not paying rent. A bloke who's waiting for someone to buy his stadium before he'll pay the compensation HE'S agreed with Steve Gibson is not going to be paying for the pitch to be renovated.

[RipleyRich]

2 hours ago, CornwallRam said:

I think that the Buchanan extension is very significant. Our embargo was so rigid that we couldn't even extend Jagielka. Something had obviously changed dramatically. 

The best case is that the takeover is complete and they are just waiting to announce it. However, the worst case is that the EFL have relaxed the restrictions in order that we will be able to field a team, even if we're still in adminstration - presumably subject to Quantuma finding the cash. Not perfect, but at least we would still have a club next season. 

I also wonder if its something to do with dropping into League 1. Maybe because P&S no longer applies to us, some of the restrictions and punishments don't apply.

The Buchanan situation is very different to Jagielka.

Jags contract expired ( or would have done)

The option on Buchanan forms part of his existing contract which I don't believe is affected by the embargo 

[Ghost of Clough]

2 hours ago, Oldben said:

Succeeding in League one

Spend Big?

Spend Smart?

Focus On The Academy?

You've got the general idea, but you're looking at it the wrong way.

Getting recruitment right is one of the key ingredients contributing towards success in L1.  But, you have to look at the squad we have (or at least expect to have) and work from there.

As things stand, we will have a very young squad, with a couple of players in their final year or two as a pro. Recruitment will therefore heavily target that gap in the middle (aged 23-30), with the odd exception outside of that range, such as Flint.
Requirement number two is filling in the positions where we have obvious gaps - defence, wings and CF.
Budget would be requirement number three. Can we get a player of sufficient quality, who meets req 1 and 2, for nothing. If not, then it means spending some cash, and there has to have a good ROI on the player.

The academy should always be a priority - we want that constant stream of players coming through. There squads at U18 and U23 have been decimated, through sales or promotion to the first team. However, there are still a few gems who will be ready to step up in the next year or two.
We will also be recruiting a large number of players into those squad this summer. I wouldn't be surprised to see another Plange or Ebiowei come in, then force their way into the first team this season.

[JuanFloEvraTheCocu'sNesta]

36 minutes ago, Gaspode said:

Given that we have half a team under contract for next season, would you rather the club allowed an Engalnd U21 international to simply walk away at the end of his contract? The 'no brainer' bit is extending his contract and either playing him next season or else selling him for a relatively decent fee.....

This. Even if Buchanan is on the way out at least this way we get paid. If he stays it's one less position to worry about in the rebuild.

[MackworthRamIsGod]

3 days (and whatever is left of today) for the stadium deal to be complete.

Hopefully we will have more than just the jubilee to celebrate next week.

[CornwallRam]

13 minutes ago, RipleyRich said:

The Buchanan situation is very different to Jagielka.

Jags contract expired ( or would have done)

The option on Buchanan forms part of his existing contract which I don't believe is affected by the embargo 

Rooney said a couple of months ago that we couldn't take up the option on Buchanan because of the embargo.

[MackworthRamIsGod]

5 minutes ago, CornwallRam said:

Rooney said a couple of months ago that we couldn't take up the option on Buchanan because of the embargo.

Tbf he has also said the takeover should be done in the next 24/48 hrs, about 24/48 times.

[Gaspode]

22 minutes ago, CornwallRam said:

Rooney said a couple of months ago that we couldn't take up the option on Buchanan because of the embargo.

Something has clearly changed behind the scenes as we now appear to have more flexibility - whether (as has been suggested) that's due to the EFL realising that we won't be able to field a team next season or whether it's to do with the takeover, we'll probably never know.....

[B4ev6is]

We got until 31st may tie it all up.

[MackworthRamIsGod]

5 minutes ago, B4ev6is said:

We got until 31st may tie it all up.

Friday. According to Alan Nixon.

I wouldnt normally go with what he says, but he does have the EFL and Kirchners teams in his ear.

[RoyMac5]

53 minutes ago, Gaspode said:

Something has clearly changed behind the scenes as we now appear to have more flexibility - whether (as has been suggested) that's due to the EFL realising that we won't be able to field a team next season or whether it's to do with the takeover, we'll probably never know.....

Perhaps as simple as Kirchner has signed a deal to buy the Club (whether he does or doesn't complete is another matter) and is funding us?

Edited May 24, 2022 by RoyMac5

[Ghost of Clough]

1 minute ago, MackworthRamIsGod said:

Friday. According to Alan Nixon.

I wouldnt normally go with what he says, but he does have the EFL and Kirchners teams in his ear.

The EFL themselves had stated the 31st. Check here.

[Tamworthram]

6 minutes ago, Ghost of Clough said:

The EFL themselves had stated the 31st. Check here.

Surely though it’s a bit of a false deadline. if CK isn’t quite ready to complete on the Asset Purchase or finalise a lease on the stadium and perhaps needs another week (where have we heard that before) they’ll give an extension provided there is a reasonable expectation that both will then be completed.

[BucksRam]

18 minutes ago, MackworthRamIsGod said:

Friday. According to Alan Nixon.

I wouldnt normally go with what he says, but he does have the EFL and Kirchners teams in his ear.

Getting exciting isn't it.....

[hintonsboots]

[PistoldPete]

3 hours ago, Ghost of Clough said:

We didn't start last season in administration. EFL rules allow us to stay in administration whilst staying in the League until March, superseded by another EFL rule which requires clubs to prove they can see out the full season.

Essentially, EFL need proof a takeover will take place before the season starts, but we then have a number of months to ensure it is completed.

GOC the “rule” that we can’t start a season without proof of funds that we can finish the season is news to me. Is this another hidden rule , as you say.

if so is there another rule that says you can’t sell season tickets? So how can you show proof of funds without any season ticket money? 
 

it’s like the mad hatters tea party.

[nick_d]

56 minutes ago, Ghost of Clough said:

The EFL themselves had stated the 31st. Check here.

When are the wages due to be paid?

[Jase116]

I thought 31st may at latest was what was said? Maybe just maybe it’s a Friday announcement on the stadium being done and us coming out of administration after a meeting with efl on Thursday ( there usual meeting day) ???‍♂️?‍♂️

[Jimbo Ram]

36 minutes ago, hintonsboots said:

Is that a new one Hinton ?

[Steve How Hard?]

3 hours ago, Ghost of Clough said:

No idea. It's another in a very long list of rules the EFL choose to keep hidden from the public

They do this quite often to suit their agenda.