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The Administration Thread


Boycie

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2 hours ago, PistoldPete said:

He’s an MP so you would hope he has some ITK stuff and wouldn’t just make stuff up. Then again….

Wasn’t an MP last time I checked more of a city councilman  - I do know the chap though through work and do see him in the concourses in the East stand and I am sure he does know what’s going on - UTR 

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4 minutes ago, Geoff Parkstone said:

Shame nobody can cast any light on the original question though, but rather prefer to point out my typo

I suspect not as the the only link to a football debt would that it is debt owed by a football club which would then presumably include all our debt in that case. I imagine that it is intended to prevent the collapse of clubs with monies owing for transfers from shafting other clubs so it is specific to internal football industry debt.

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8 minutes ago, Geoff Parkstone said:

Shame nobody can cast any light on the original question though, but rather prefer to point out my typo

It wasnt a go at your typo more a laugh at how anything even slightly smutty gets picked up on here. But apologies for any offence caused. As I understand it HMRC has its own particular preferred status due to how it has previously lost out in other situations. It has been discussed previously but not as much as amortisation policies

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50 minutes ago, Geoff Parkstone said:

Just a thought, and apologies if its been debated elsewhere in this gargantuan thread, but if Middlesbro and Wycombe can allege football creditor status for their somewhat spurious claims, then surely HMRC can claim football creditor status as well, on the basis that the amounts owing under PAYE (not the VAT or CT aspects) is in effect part of the players' gross wages.  These amounts have been deducted from the players wages (and other non playing staff) - except for the ERNI element - for settlement to HMRC, so is there an argument that a big chunk of HMRC's £ 28m is football related?

Lust a thought, but it would completely bugger everything up if it has legs

 

As well as the guy that sells the pies shaped as footballs he must be a football creditor 

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48 minutes ago, Geoff Parkstone said:

Just a thought, and apologies if its been debated elsewhere in this gargantuan thread, but if Middlesbro and Wycombe can allege football creditor status for their somewhat spurious claims, then surely HMRC can claim football creditor status as well, on the basis that the amounts owing under PAYE (not the VAT or CT aspects) is in effect part of the players' gross wages.  These amounts have been deducted from the players wages (and other non playing staff) - except for the ERNI element - for settlement to HMRC, so is there an argument that a big chunk of HMRC's £ 28m is football related?

Lust a thought, but it would completely bugger everything up if it has legs

 

Have a look in the.. The Football Creditor rule is explicit, simple, and solves all of Derby's issues thread

HMRC is not defined as a Football Creditor under the Articles of Associated 

"48         FOOTBALL CREDITORS
48.1      Where a Member Club defaults in making any payment due to any of the following persons, 
the Member  Club ('Defaulting  Club')  shall be subject to such penalty  as the Board may decide 
and subject also to Article 48.2:

48.1.1        The League, The FA Premier League and the Football Association;
48.1.2        any of the Pension Schemes;
48.1.3        any Member Club and any Club of The FA Premier League;
48.1.4        any holding company  of The League and any subsidiary  company  of that holding 
company;
48.1.5        any sums due to any full-time employee or former full-time employee of the Member 
Club by  way  of arrears  of remuneration  up to the date on which that contract  of employment is 
terminated. This excludes for these purposes all and any claims for redundancy,   unfair   or  
wrongful   dismissal   or  other   claims   arising   out   of  the termination  of  the  contract  
or  in  respect  of  any  period  after  the  actual  date  of termination;
48.1.6        any  sums  due  to  the  Professional  Footballers  Association  in  repayment  of  
an interest  free loan together with such reasonable  administration and legal costs as have been 
approved by the Board;
48.1.7        The Football Foundation;
48.1.8        The Football Conference Limited trading as "the National League";
48.1.9        The Northern Premier League Limited;
48.1.1O      The Isthmian League Limited;
48.1.11      The Southern League Limited;
48.1.12      Any member club of the League or organisations listed in Articles 48.1.8 to 48.1.11 
inclusive;
48.1.13      Any County Football Association affiliated to The Football Association; and
48.1.14      Any Leagues  affiliated to The Football Association  and any clubs affiliated to any 
County Football Association recognised by The Football Association.

48.2      Subject to the provisions of Articles 48.3 and 48.4, the Board shall apply any sums 
standing to the  credit  of  the  Pool  Account  which  would  otherwise  be  payable  to  a  
Defaulting  Club,  in discharging  the  creditors  in Article  48.1.  As  between  the Football  
Creditors,  the  priority  for payment shall be in accordance with the order in which those 
Football Creditors are listed in Article 48.1.

48.3      If,  having  discharged  all Football  Creditors  in  any  preceding  class  of  Football 
 Creditor  (as
· required by Article 48.2) the sum then available is not suffident to discharge in full the 
Football Creditors listed in Articles 48.1.1, 48.1.2 or 48.1.4 the Board will decide the 
allocation.

48.4      If,  having  discharged  all Football  Creditors  in  any  preceding  class  of  Football 
 Creditor  (as required by Article 48.2) the sum then available is not sufficient to discharge in 
full the Football Creditors listed in Article 48.1.3, 48.1.5, 48.1.12, 48.1.13 or 48.1.14 the sum 
will be allocated pro rata amongst the creditors of the same class.

Note - Clubs are reminded that any assignment of future entitlements from the pool account are 
subject to Article 45 and this must be brought to the attention of the other party. Furthermore 
assignments must be in legal form and registered with the office. Assignments are given priority 
according to the date and time of registration."

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So, is today the day a preferred bidder is named?

  • @Bald Eagle's Barmy Armyis using not so cryptic messages to say it could be Appleby
  • A 2 hour BBC Radio Derby Sport special tonight
  • Ed Dawes doing a countdown to the above, saying not in 24 or 48 hours - referencing previous deadlines?
  • Punjabi Rams saying they're going to be on it and it will be a good one
  • Punjabi Rams also saying a 'new face incoming ???
  • Martin Repton's message as well - not sure how reliable he is

 

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4 minutes ago, DCFC1388 said:

So, is today the day a preferred bidder is named?

  • @Bald Eagle's Barmy Armyis using not so cryptic messages to say it could be Appleby
  • A 2 hour BBC Radio Derby Sport special tonight
  • Ed Dawes doing a countdown to the above, saying not in 24 or 48 hours - referencing previous deadlines?
  • Punjabi Rams saying they're going to be on it and it will be a good one
  • Punjabi Rams also saying a 'new face incoming ???
  • Martin Repton's message as well - not sure how reliable he is

 

I am going to watch some Ozark this afternoon to remind me of Middlesbrough and Wycombe in the background 

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