The Administration Thread

[I know nuffin]

11 minutes ago, BuckoBeast said:

The MA article says ahead of a renewed bid 

Has he ever made an actual bid as most commentators claim he has not. This sell it to him or he will sue does not sit well with me for our new owner. If he really wants us what about putting in a bid and while you are at it make it the highest bid and you will get to buy DCFC 

[RoyMac5]

1 minute ago, atherstoneram said:

If Percy says it then it must be true, mmmmm

I'd rather believe him than you. Hmmmm.

[RoyMac5]

Just now, I know nuffin said:

Has he ever made an actual bid as most commentators claim he has not. This sell it to him or he will sue does not sit well with me for our new owner. If he really wants us what about putting in a bid and while you are at it make it the highest bid and you will get to buy DCFC 

How will he know what that is?

[Guest]

44 minutes ago, kevinhectoring said:

Not what the conversation was about. 
 

But since you raise it:  Rooney has done some things very well and has does some things poorly. Player motivation is one of his strengths and to suggest he needs to use the press to get messages to his players isn’t tenable

Do you go to watch Derby?

What did you expect him to say to the press - “We have no chance, we are going down?”

How did you expect him to address the supporters if not through the press?

While we had a chance of staying up he had to be positive about our chances for both his players and the supporters and for himself. He was our leader and as he said he’d never walked away from a fight in his life. But you expected him not to be ebullient with the press in case he upset Steve Gibson. What utter nonsense.

He learned from Ferguson who always manipulated the press to his best advantage as did Brian Clough before him. In fact Clough invented the art when he was managing Derby.

All managers try to use the press to their best advantage with differing degrees of success. It is probably one of the most important implements in their toolbox.

It is all pretty basic but you just don’t seem to get it. It’s quite worrying really.

And as for Rooney having to consider how he should be careful not to upset Gibson before he spoke to the press, that is absolutely beyond belief unless you are a Middlesbrough supporter.

 

[Crewton]

13 minutes ago, BuckoBeast said:

The MA article says ahead of a renewed bid 

He can sue someone in the blink of an eye, but it takes him more than a week to update his bid. Priorities, eh?.. ? 

[G STAR RAM]

3 hours ago, jono said:

Just out of interest, do we actually know in a simple verified public statement the following 

1) what price will secure the stadium - is it the much quoted 20 million to cover MSD an accepted figure by MM ? 

2) what is the actual settlement figure in pounds shillings and pence that satisfies the 25% and 35% none football creditors ? 
 
3) what is the total sum owed to football creditors 

4) HMRC .. Are they a football creditor or do they just have a ranking above unsecured creditors from a legal but none EFL point of view ? 
 

5) are MSD a football creditor or on receipt of their 25/35 % do they go after Mel for the balance as it is secured on the stadium ? 

 

3 hours ago, Hanny said:

Id like to know these numbers as well. But, I would never expect us(the public/etc) to actually get to see them…as we have no right to know them. We are not party to the sale. 
 

However, every bidder and all parties (Creditors/Q/EFL/etc) will know these numbers. Since they are the only ones that matter in the sale of the asset. 
 

The above is why I’m confident that the long hold up of a sale is merely process driven, positioning, etc, and naught to do with conspiracies. 
 

Everyone involved knows the numbers, and everyone gets checked by the other sides accountants/lawyers/etc. So the only thing holding this up are bidders getting to the correct number…which they all know, but likely don’t want to pay ?‍♂️

All of the figures are out in the public domain.

See the administrators report filed at Companies House.

[atherstoneram]

1 minute ago, RoyMac5 said:

I'd rather believe him than you. Hmmmm.

Be more credible if he or his lawyers came out and made the statement instead of hiding behind journalists yet again

[RoyMac5]

2 minutes ago, Crewton said:

He can sue someone in the blink of an eye, but it takes him more than a week to update his bid. Priorities, eh?.. ? 

Maybe he wants to make sure his bid is given a chance - after all if he was going to be PB...

[I know nuffin]

3 minutes ago, RoyMac5 said:

How will he know what that is?

It was said this is an auction 

[Ramarena]

6 minutes ago, TooFarInToTurnRed said:

Most likely wants a cut to the Admin fees, this might be the way to get that.

At the end of the day we need whoever owns the club to get the best deal they can purchasing it which then hopefully leaves more left over to fund the squad. 

Yep quite likely. The amount he’s prepared to pay may not meet other bids either.

[Elwood P Dowd]

26 minutes ago, David said:

Still expecting to wake up any day now myself

I’m looking forward to the introduction of Dwarf and a couple of dragons, that should add a bit of spice to the next episode.

[De22Ram]

To be fair to Ashley, i think were about to see a master class in how to force a deal in his favour! He talks sense about paying rent on the stadium! Id be happy with him or Appelby! 
 

Personal i think a bunch of rich blokes fighting it out to buy us is good for the club! Means they see potential and are serious about buying!

 

Up the Rams ?⚽️?⚽️

[RoyMac5]

1 minute ago, atherstoneram said:

Be more credible if he or his lawyers came out and made the statement instead of hiding behind journalists yet again

"Legal documents allege that Ashley's group, MASH, were told they were named as preferred bidders in January and it is claimed Jackson failed to inform the Football League, despite insisting he would."

Well I suppose they could be done in crayon and not admissible.

[RoyMac5]

1 minute ago, I know nuffin said:

It was said this is an auction 

No Q said it was 'best and final'.

[De22Ram]

10 minutes ago, RoyMac5 said:

"Legal documents allege that Ashley's group, MASH, were told they were named as preferred bidders in January and it is claimed Jackson failed to inform the Football League, despite insisting he would."

Well I suppose they could be done in crayon and not admissible.

Rather them do it like this than give a running commentary on twitter! Big dogs bite, little dogs yap lol!

Think this might be Ashley biting! ?⚽️?⚽️?

Edited June 16, 2022 by De22Ram

[atherstoneram]

1 minute ago, RoyMac5 said:

"Legal documents allege that Ashley's group, MASH, were told they were named as preferred bidders in January and it is claimed Jackson failed to inform the Football League, despite insisting he would."

Well I suppose they could be done in crayon and not admissible.

Doesn't matter what they are written with if it's only alleged, so no concrete evidence then?

[Sparkle]

52 minutes ago, RoyMac5 said:

FFS!

"Ashley's lawyers alleged that Carl Jackson, one of the joint administrators, made representations that he knew were false.

Legal documents allege that Ashley's group, MASH, were told they were named as preferred bidders in January and it is claimed Jackson failed to inform the Football League, despite insisting he would. It is also alleged that Jackson did this with the intention that MASH would continue to engage in the bidding process, incurring costs in doing so, and to submit a formal bid which would drive up the price for other bidders.

...

Quantuma were contacted for comment on Thursday and a spokeswoman on behalf of Mr Jackson said: ..."We are not concerned by this claim, which we regard as frivolous, and we would like to reassure all parties that it will have no bearing on the successful sale of the club, which remains our overriding priority."

...Ashley, it is understood, is still set to table another offer to save the club from liquidation this week, with the League One fixtures to be announced next week.

A spokesman for MASH said on Thursday night: "Mike Ashley believes that the stadium and the football club need to be purchased with the same owner, as there is no way Derby in its current position can justify paying rent for the stadium.

"If he was successful in purchasing the club and stadium, he would undertake that no rent would ever be paid for the stadium."  

There are definitely people not working in the best interests of Derby county football club and potentially since January if this is true it’s utterly scandalous 

[Biley66]

Who chose Quantuma to be administrators? Answers on a postcard…

[BramcoteRam84]

Ashley’s got to put his money where his mouth is now otherwise this is all just noise. He needs to as a minimum match Appleby.

There’s a bid in excess of £40m on the table. The game is afoot now, focus on the end game and this will be resolved soon.

We should be feeling a bit happier tonight although clearly we want this all to end and get back to the boring stuff, like who are we signing when can we buy season tickets etc . 

[Ghost of Clough]

3 hours ago, jono said:

Just out of interest, do we actually know in a simple verified public statement the following 

1) what price will secure the stadium - is it the much quoted 20 million to cover MSD an accepted figure by MM ? 

£20.5m doesn't matter who, but someone has to pay it.

3 hours ago, jono said:

2) what is the actual settlement figure in pounds shillings and pence that satisfies the 25% and 35% none football creditors ? 

25% is about £750k, 35% is an extra £300k

3 hours ago, jono said:

 3) what is the total sum owed to football creditors 

It's a figure worth up to £8.4m. Some may have already been paid off  and a significant amount is if we earn promotion to the PL with Bielik in the next couple of years

3 hours ago, jono said:

4) HMRC .. Are they a football creditor or do they just have a ranking above unsecured creditors from a legal but none EFL point of view ? 

No. They rank above unsecured creditors, but below MSD (stadium and seperate £3.5m loan), the administrators and football creditors 

3 hours ago, jono said:

5) are MSD a football creditor or on receipt of their 25/35 % do they go after Mel for the balance as it is secured on the stadium ? 

No. To exit administration, we will need approval from the EFL. To get approval, we need to know which stadium we'll be using. To know which stadium we'll be using, someone needs to pay the full £20.5m to MSD.