Steve How Hard? Posted June 12, 2022 Share Posted June 12, 2022 4 minutes ago, Tyler Durden said: Ummm what's stopping us playing the entirety of next season in administration? There's no rules about how long a club is allowed to be in administration for - look at Wigan, Portsmouth etc Why are the EFL suddenly getting all precious about us potentially going into next season in administration, they weren't particularly bothered about it for the past season. It will be interesting to know if Wigan were made to jump through as many rings as we have been made to or if it's just the EFL moving the goalposts as and when it suits them. DCFC1388, Caerphilly Ram, Indy and 2 others 2 3 Link to comment Share on other sites More sharing options...
GB SPORTS Posted June 12, 2022 Share Posted June 12, 2022 21 minutes ago, Ramos said: So - am I understanding this right…. are they saying that they are essentially stepping into facilitate the sale cause the admins aren’t getting the job done? No they are basically putting their knee on our neck. David Graham Brown, jono and Indy 3 Link to comment Share on other sites More sharing options...
maxjam Posted June 12, 2022 Share Posted June 12, 2022 (edited) 32 minutes ago, RoyMac5 said: The hangman has just walked onto the stage and is testing the noose... Tbf I go along with what @CBX1985 has been saying, whilst the statement raises the stakes it also focusses everyones mind - either get a deal done or its game over. We missed a trick after the march, we had momentum and lots of publicity but the admins sold players to get us to the end of the season... and here we are again only with even more debt and less value in the club. I don't think the EFL have been our friends throughout this saga but you also can't blame them for wanting this resolved now, we've got approx 2 weeks to either complete the sale or prove we have the cash to bring in a number of players and fund the club for the entire season. I'm still a glass half full kinda guy and think something will save us but the doomsday clock has just been moved a touch nearer liquidation. Edited June 12, 2022 by maxjam Miggins, Andicis, David Graham Brown and 4 others 4 3 Link to comment Share on other sites More sharing options...
EnigmaRam Posted June 12, 2022 Share Posted June 12, 2022 7 minutes ago, Tyler Durden said: Ummm what's stopping us playing the entirety of next season in administration? There's no rules about how long a club is allowed to be in administration for - look at Wigan, Portsmouth etc Why are the EFL suddenly getting all precious about us potentially going into next season in administration, they weren't particularly bothered about it for the past season. The only thing stopping us is proof there are enough funds to complete the season. Also you can only start 2 seasons when in admin fyi Tyler Durden 1 Link to comment Share on other sites More sharing options...
Tyler Durden Posted June 12, 2022 Share Posted June 12, 2022 3 minutes ago, ollycutts1982 said: I’d imagine it’s cash flow and having the funding for the season. Remember we don’t have a squad. The EFL ruined the integrity of their leagues when they started imposing totally insurmountable points deductions against teams midway through a season so what's the difference now. I guess it's because it could bugger up things for other teams which is the answer which then isn't OK. IslandExile, Carnero, Indy and 1 other 1 3 Link to comment Share on other sites More sharing options...
CBX1985 Posted June 12, 2022 Share Posted June 12, 2022 5 minutes ago, atherstoneram said: MA has got to offer enough to bring the club out of administration and also come to an agreement which is acceptable to the creditors without either of those MA is a none runner. Indeed that is a discussion. it is not a dichotomy - CK or nothing. The amount offered by CK may be illusionary. If it is, there was no real deal. The negotiation has to find an acceptable amount for both sides. We start again. MA has a infinitely stronger negotiating position. Creditors don't have a world of options in a business that has no assets to sell. Chester40 and Tamworthram 1 1 Link to comment Share on other sites More sharing options...
TF Ram Posted June 12, 2022 Share Posted June 12, 2022 Breaking: EFL have accepted an offer of 10p for the club. As this does not meet any of the conditions to pay any creditors DCFC will be deducted 15 points for the next 20 consecutive seasons. Ramos, RoyMac5, Steve How Hard? and 1 other 1 3 Link to comment Share on other sites More sharing options...
May Contain Nuts Posted June 12, 2022 Share Posted June 12, 2022 (edited) 9 minutes ago, Ramos said: So do we actually know for a fact MA’s offer was too low? Or are we having to take it at face value of what Q said? Im not sure I trust anything of what they say. Cause I just wonder if MA has actually been allowed to ever actually talk and make an official offer. I’m assuming this is the case he has made to the EFL and that is why they have now stepped in. It would make sense right? A buyer comes to them and says look I have the means to make this happen and they are ignoring me… what can you do to get me in the door? Or is that really all too simple a narrative for this complex situation? If Quantuma were lying about his (unsubstantiated) offer they'd probably be in the process of being sued right now. Mike Ashley is the king of gameplaying to get what he wants, by any means possible. Whatever anyone thinks of Quantuma, their word is more likely to be honest than his. They have nothing to gain by lying, he has everything to gain by twisting the truth. We already know how weak the EFL are when someone makes demands that they deal with Derby County. They've were pushed around by Steve Gibson at our expense, now it appears they're being pushed around by Mike Ashley. Edited June 12, 2022 by Coconut's Beard Derby4Me, RoyMac5, Ram-Alf and 1 other 2 2 Link to comment Share on other sites More sharing options...
Ramos Posted June 12, 2022 Share Posted June 12, 2022 Just now, EnigmaRam said: The only thing stopping us is proof there are enough funds to complete the season. Also you can only start 2 seasons when in admin fyi I think it’s actually start one season. So you can go into admin after the first day of one season and start the next season in it. The challenge for us is, we need to come out of admin to sign anyone and offer contracts. If they lets us do those things in admin it make a mockery of the rules, simple as that. We can’t compete starting next season in admin we don’t have the players, so this has to get done and sorted for the fixtures announcement you’d assume so we can then spend 4 weeks mustering a playing squad together. EnigmaRam 1 Link to comment Share on other sites More sharing options...
atherstoneram Posted June 12, 2022 Share Posted June 12, 2022 19 minutes ago, GenBr said: with the 2022/23 fixture list due to be released in less than two weeks, and need to act now in the best interests of the EFL. Well as long as the interests of the EFL are protected thats all that matters. with an acknowledgment that the League will be able to negotiate directly in relation to matters concerning the transfer of the share in the EFL. I'm not an expert on administration stuff but isnt this pretty pointless? If the administrators dont think an offer is good enough nothing the EFL can do will change that and it wont matter who they want to give the share ti. Unless they're saying they are just going to give it to a completely different team No matter what the EFL spout they cannot interfere in insolvency matters,they cannot compel creditors to take what is offered. Tamworthram and DCFC1388 1 1 Link to comment Share on other sites More sharing options...
RoyMac5 Posted June 12, 2022 Share Posted June 12, 2022 (edited) Just now, atherstoneram said: No matter what the EFL spout they cannot interfere in insolvency matters,they cannot compel creditors to take what is offered. Nor do they have to give the owner the go ahead? Edited June 12, 2022 by RoyMac5 Link to comment Share on other sites More sharing options...
Animal is a Ram Posted June 12, 2022 Share Posted June 12, 2022 Just hoping this is lesson learned by the EFL. Strongly they will take a much greater interest in the next insolvency from the start. I can only hope there won't be one mind. Link to comment Share on other sites More sharing options...
atherstoneram Posted June 12, 2022 Share Posted June 12, 2022 13 minutes ago, Tyler Durden said: Ummm what's stopping us playing the entirety of next season in administration? There's no rules about how long a club is allowed to be in administration for - look at Wigan, Portsmouth etc Why are the EFL suddenly getting all precious about us potentially going into next season in administration, they weren't particularly bothered about it for the past season. Because we didn't start last season in administration. Link to comment Share on other sites More sharing options...
WystonRam Posted June 12, 2022 Share Posted June 12, 2022 1 minute ago, atherstoneram said: No matter what the EFL spout they cannot interfere in insolvency matters,they cannot compel creditors to take what is offered. No, but they can withdraw our membership to the EFL. cstand and Ram-Alf 1 1 Link to comment Share on other sites More sharing options...
Animal is a Ram Posted June 12, 2022 Share Posted June 12, 2022 1 minute ago, atherstoneram said: No matter what the EFL spout they cannot interfere in insolvency matters,they cannot compel creditors to take what is offered. This isn't what's happening, as this has already been done under CK's bid. Link to comment Share on other sites More sharing options...
PistoldPete Posted June 12, 2022 Share Posted June 12, 2022 https://www.efl.com/news/2022/june/derby-county-efl-statement WTF? GenBr and RoyMac5 2 Link to comment Share on other sites More sharing options...
StaffsRam Posted June 12, 2022 Share Posted June 12, 2022 Quantuma vs The EFL Battle of the spanners. cstand 1 Link to comment Share on other sites More sharing options...
Abu Derby Posted June 12, 2022 Share Posted June 12, 2022 Squeaky bum time now. It’s who blinks first. cstand 1 Link to comment Share on other sites More sharing options...
atherstoneram Posted June 12, 2022 Share Posted June 12, 2022 13 minutes ago, Ramos said: So do we actually know for a fact MA’s offer was too low? Or are we having to take it at face value of what Q said? Im not sure I trust anything of what they say. Cause I just wonder if MA has actually been allowed to ever actually talk and make an official offer. I’m assuming this is the case he has made to the EFL and that is why they have now stepped in. It would make sense right? A buyer comes to them and says look I have the means to make this happen and they are ignoring me… what can you do to get me in the door? Or is that really all too simple a narrative for this complex situation? The EFL cannot override appointed administrators who in turn have to report their findings to the judiciary,they might like to think they can. Ramos and PistoldPete 2 Link to comment Share on other sites More sharing options...
Miggins Posted June 12, 2022 Share Posted June 12, 2022 20 minutes ago, Ramos said: I guess in reality he still has not concluded the sale to the timeline basically Q and CK promised I guess over and over to the EFL - that’s what you imagine would have been happening behind closed doors. I think they are now stepping in as they don’t trust them to actually work quickly enough to get things done. Yes we had a PB but surely it just makes sense to have been talking to other interested parties - especially after the first deadline was missed to have a back up. It doesn’t seem like they did and on Friday they made a standing start to talk to other parties. I agree with you, @Ramos, but I don't think we were allowed to talk to other parties whilst CK was the preferred bidder. My apologies if I've got this wrong. Link to comment Share on other sites More sharing options...
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