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The Administration Thread


Boycie

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9 minutes ago, SBW said:

You're acting as though listing creditors was the only action to take?  When the creditors were listed and the monies owed, was that it? Would the creditors debts not increase? Would not creditors not appear? How else have the club been paying for the Police, Fire Service and many other services?  That was not a finite event.

 

If you're looking to find a buyer, and there are two clubs seeking to take action against you, making it abundantly clear that they will do so.  It is naive at the least, more so ignorant and even arrogant to dismiss it.  

 

I'm not buying that when Q rocked up to the EFL with their plans to fund the remainder of the season, it was the very first opportunity to discuss Boro/Wycombe and the impact they have.  

 

Q took legal advice that their claims weren't an issue it is said.  Brilliant.  Cos legal advice is final, right?  No.  It's advice.

 

It's turned out to be a gigantic error to be so dismissive of their claims.  

I’m acting like the list of creditors is where outstanding debts would be listed. New running costs would be separate. 
 

“Making it abundantly clear” that you will do something is not the same as actually doing it. It’s just talk. Until a claim is actually officially made, the administrators can’t deal with it. What figures would they use to assess funding needs, potential liabilities, voting rights? Just use the fantasy numbers that Gibson tossed off to his local press? How does that affect other legitimate creditors?

And if we’re dismissing legal advice as irrelevant then can we not apply the same nonsensical response to EFL’s claim that they should consider them? Cuts both ways. If advice is to be ignored, then Boro need to start actual legal proceedings and put their money where their mouth is to clarify what they’re due - if anything. 

Edited by Indy
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2 minutes ago, SBW said:

This is what I am referring to.  A positive move.

"Derby's administrators could seek a legal ruling on their compensation battles with Middlesbrough and Wycombe if the Football League don't step back from their current position of the cases being regarded as football debts, BBC Sport understands."

Will that happen before Feb 1st?

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Just now, Indy said:

I’m acting like the list of creditors is where outstanding debts would be listed. New running costs would be separate. 
 

“Making it abundantly clear” that you will do something is not the same as actually doing it. It’s just talk. Until a claim is actually officially made, the administrators can’t deal with it. What figures would they use to assess funding needs, potential liabilities, voting rights? Just use the fantasy numbers that Gibson tossed off to his local press? How does that affect other legitimate creditors?

And if we’re dismissing legal advice as irrelevant then can we not apply the same nonsensical response to EFL’s claim that they should consider them? Cuts both ways. If advice is to be ignored, then Boro need to start actual legal proceedings and out their money where their mouth is to clarify what they’re due - if anything. 

Sitting on their arses and doing nothing has led to the situation as it is.

 

Funny how now, they're seeking an injunction.  What has happened in the preceding months? Are you telling me only now has the potential for Wycombe and Boro to be seen as football creditors been the case?  

 

Why wasn't this discovered sooner? Then such action as is allegedly being considered/taken by Q could have occurred?  

 

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2 minutes ago, RoyMac5 said:

"Derby's administrators could seek a legal ruling on their compensation battles with Middlesbrough and Wycombe if the Football League don't step back from their current position of the cases being regarded as football debts, BBC Sport understands."

Will that happen before Feb 1st?

Hard to know.  But if it was initiated a few months ago I suspect it would.

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2 minutes ago, SBW said:

This is what I am referring to.  A positive move.

If they'd done their due diligence earlier, this could have been in motion MUCH sooner and as a result a PB have been announced, funds available to see out the season, no forced departures and if the purchase of the club a success, potentially even additions.

 

As it is, it's a bit frigging late in the date.  Of course, better later than never, but Q's inaction has caused more issues than solutions.  

Hmm, administrators take time making decisions, you would almost think they were motivated by fees or something eh ?

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25 minutes ago, Eddie said:

So on the one hand, the Administrators are saying "We were going to name the Preferred Bidder but the EFL won't allow us to", and on the other hand, the EFL have told Andrew Bridgen (and others) that... "the Administrators haven't named a Preferred Bidder".

Which one is closer to the truth, because at the moment, I don't believe anybody any more.

The Bidders have made conditional offers. Quantuma know which one they prefer. All are conditional on resolving the Boro/Wycombe claims. Quantuma has a plan for dealing with them by squashing them. EFL don't like that. So there's an impasse.  

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56 minutes ago, RoyMac5 said:

Well bloody well tell them that will you! ?

Here’s some wording in case anyone wants to add to the MP mailboxes. I think it is doing some good

Dear Amanda Solloway

Thank you for your reply and your efforts so far. 

The approaches of other local MPs to EFL have been timid and under prepared. Please note the following. The Middlesborough and Wycombe claims are the problem, that is well documented.  It is also plain to see that the claims are vindictive, extortionate and that there is NO prospect of a material order for damages. Absolutely none. The EFl HAS to assess Quantuma’s funding plan in this light. For them to argue otherwise - as they have done - is an abrogation of their responsibilities as a regulator. 

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1 minute ago, RoyMac5 said:

"Derby's administrators could seek a legal ruling on their compensation battles with Middlesbrough and Wycombe if the Football League don't step back from their current position of the cases being regarded as football debts, BBC Sport understands."

Will that happen before Feb 1st?

Wonder if this was the reason Nico could not say anything on his strange tweet message the other day

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3 minutes ago, RoyMac5 said:

"Derby's administrators could seek a legal ruling on their compensation battles with Middlesbrough and Wycombe if the Football League don't step back from their current position of the cases being regarded as football debts, BBC Sport understands."

Will that happen before Feb 1st?

The EFL have said they want it sorting but it’s a legal matter so it’s not up to them to sort. So the admins seeking a legal ruling would satisfy the EFL.

So admins get this ruling sorted sharpish.

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Just now, 24Charlie said:

The EFL have said they want it sorting but it’s a legal matter so it’s not up to them to sort. So the admins seeking a legal ruling would satisfy the EFL.

So admins get this ruling sorted sharpish.

As I asked, before Feb 1st?

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11 minutes ago, SBW said:

 

Q took legal advice that their claims weren't an issue it is said.  Brilliant.  Cos legal advice is final, right?  No.  It's advice.

Which is always caveated as such, subject to being properly tested in a court of law. 

You don't play legal advice top trumps and assume one sides advice is correct over anothers. Until proven otherwise ALL advice is correct! 

Think you're being harsh on Q. The usual behaviour pattern surely, would be to assume that if parties were genuinely aggrieved and thought their case sound, they would be pressing for payment. 

The 2 Gibson's acts are more like a begging letter. 

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Let’s give the MPs some benefit of the doubt. They’ve had a meeting with the EFL. They’re having a meeting with Quantuma to get their side before determining whether they need to take any additional action and what form that action takes. I echo what other people have said about Marketing Derby, John Forkin doesn’t mess about in any action he takes and will be extremely passionate for the cause. 

As for questioning Quantuma in this, clearly with this situation as is people will look to blame. We don’t know the ins and outs and we can all throw stones. Sure they need to be challenged on some things and hopefully we will get more definitive answers from them in the coming days, but as for why didn’t they engage on claims or pursue this legal ruling earlier - But their main focus could easily have been bringing bidders to the table for these EFL discussions and it’s genuinely taken all their efforts to ensure we still have interested parties at this stage. 

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19 minutes ago, SBW said:

This is what I am referring to.  A positive move.

If they'd done their due diligence earlier, this could have been in motion MUCH sooner and as a result a PB have been announced, funds available to see out the season, no forced departures and if the purchase of the club a success, potentially even additions.

 

As it is, it's a bit frigging late in the date.  Of course, better later than never, but Q's inaction has caused more issues than solutions.  

Q has to get the best offer they can. None of those offers will accept liability for Boro/Wycombe claims. So they have to compress the claims. They thought EFL would agree but they haven't. So if EFL are the only barrier then they have to force the EFL to do what they are required to do.  

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