PistoldPete Posted January 28, 2022 Share Posted January 28, 2022 34 minutes ago, Curtains said: Part of article from Athletic Obviously can’t post it all “The Athletic understand that Quantuma has saved enough money through player sales, including the recent departures of Dylan Williams and Graeme Shinnie for fees, and cost-cutting methods to sustain the club until February. Tom Lawrence, Derby’s soon-to-be out of contract club captain and top goalscorer this season, is attracting Premier League and Championship interest after a solid campaign. However, Quantuma has refused bids of up to £450,000 for 20-year-old attacker Louie Sibley, who has appeared only once for the first team since late November, suggesting there is no immediate rush to sell players.” “Quantuma’s confidence that Derby will exit administration intact derives from noting a provision in the Corporate Insolvency and Governance Act 2020 that appears to enable them to write off a significant chunk of their debts, including £29 million to HMRC. Quantuma’s plan to offer the taxman the same 25 per cent of what is owed to the unsecured creditors makes Derby a much more attractive option for buyers and explains why the Binnie family has bid only £28 million. However, the law has changed since the last football administration, and the EFL is yet to update its rule book, so the method is not yet approved. The latest update is that the EFL has offered to send the matter to arbitration.” Does the Athletic also point out that Sibley is valued at £2.7 million on transfermarkt website? Oh and he isn't an attacker. jimtastic56 and RadioactiveWaste 1 1 Link to comment Share on other sites More sharing options...
Curtains Posted January 28, 2022 Share Posted January 28, 2022 3 minutes ago, PistoldPete said: Does the Athletic also point out that Sibley is valued at £2.7 million on transfermarkt website? Oh and he isn't an attacker. That’s a consequence of Administration. The important bit is the HMRC debt provision rule RadioactiveWaste and jimtastic56 1 1 Link to comment Share on other sites More sharing options...
Oldben Posted January 28, 2022 Share Posted January 28, 2022 Wycombe who did so well in 2020/21, deserved to remain in the Championship. They only qualified when league one was stopped half way through in 2019/20 and points calculation was given to provide them with a place in the Championship. The league one teams that missed out to Wycombe, must have had a reason to feel aggrieved at the efl. Any way here's Wycombe being thrashed by Blackburn because they just weren't good enough for a place in the Championship. Link to comment Share on other sites More sharing options...
RadioactiveWaste Posted January 28, 2022 Share Posted January 28, 2022 So Gibson wants the world to see he was right and be able to never shut up about "systemically cheating for years" because of his Mel Morris obsession more than he actually wants money (but he does want some money, "only" in the single millions). GTF Go have dinner with Mel and ask him to appologise if that's your beef but duck right off with you're I'm the good guy in this pish. Comrade 86, Sparkle, Gritstone Ram and 2 others 5 Link to comment Share on other sites More sharing options...
Maharan Posted January 28, 2022 Share Posted January 28, 2022 48 minutes ago, Curtains said: Part of article from Athletic Obviously can’t post it all “The Athletic understand that Quantuma has saved enough money through player sales, including the recent departures of Dylan Williams and Graeme Shinnie for fees, and cost-cutting methods to sustain the club until February. Tom Lawrence, Derby’s soon-to-be out of contract club captain and top goalscorer this season, is attracting Premier League and Championship interest after a solid campaign. However, Quantuma has refused bids of up to £450,000 for 20-year-old attacker Louie Sibley, who has appeared only once for the first team since late November, suggesting there is no immediate rush to sell players.” “Quantuma’s confidence that Derby will exit administration intact derives from noting a provision in the Corporate Insolvency and Governance Act 2020 that appears to enable them to write off a significant chunk of their debts, including £29 million to HMRC. Quantuma’s plan to offer the taxman the same 25 per cent of what is owed to the unsecured creditors makes Derby a much more attractive option for buyers and explains why the Binnie family has bid only £28 million. However, the law has changed since the last football administration, and the EFL is yet to update its rule book, so the method is not yet approved. The latest update is that the EFL has offered to send the matter to arbitration.” I wonder if HMRC have actually agreed to that, or it's just Quantuma's plan to write that debt off? jimtastic56 1 Link to comment Share on other sites More sharing options...
Curtains Posted January 28, 2022 Share Posted January 28, 2022 (edited) 5 minutes ago, Maharan said: I wonder if HMRC have actually agreed to that, or it's just Quantuma's plan to write that debt off? I think it’s the EFL blocking it allegedly as their rule book hasn’t been updated . They have offered Arbitration on it . Edited January 28, 2022 by Curtains jimtastic56 1 Link to comment Share on other sites More sharing options...
RadioactiveWaste Posted January 28, 2022 Share Posted January 28, 2022 Stephen mr gibson steve, here the terms: you get £100k and sign a binding agreement that niether you nor any representitive of MFC ever make any public reference to this ever again. If you do, you owe us £45m. Public statement "We've offered a very generous offer to settle with boro, which steve mr gibson stphen has declined..." Link to comment Share on other sites More sharing options...
PistoldPete Posted January 28, 2022 Share Posted January 28, 2022 2 minutes ago, Curtains said: I think it’s the EFL blocking it allegedly as their rule book hasn’t been updated . They have offered Arbitration on it . Arbitration on what? Link to comment Share on other sites More sharing options...
Curtains Posted January 28, 2022 Share Posted January 28, 2022 (edited) 6 minutes ago, PistoldPete said: Arbitration on what? On HMRC debt and other debts EFL have a say as to how the Taxman is paid it appears. Very short bit of today’s Athletic article “ Quantuma’s confidence that Derby will exit administration intact derives from noting a provision in the Corporate Insolvency and Governance Act 2020 that appears to enable them to write off a significant chunk of their debts, including £29 million to HMRC. Quantuma’s plan to offer the taxman the same 25 per cent of what is owed to the unsecured creditors makes Derby a much more attractive option for buyers and explains why the Binnie family has bid only £28 million. However, the law has changed since the last football administration, and the EFL is yet to update its rule book, so the method is not yet approved. The latest update is that the EFL has offered to send the matter to arbitration.” Edited January 28, 2022 by Curtains Added jimtastic56 1 Link to comment Share on other sites More sharing options...
RadioactiveWaste Posted January 28, 2022 Share Posted January 28, 2022 6 minutes ago, Maharan said: I wonder if HMRC have actually agreed to that, or it's just Quantuma's plan to write that debt off? Agreed no, will have to lump it under insolvancy laws yes. EFL however could kick us out the league for doing it and we'd defo have -15 points. It has to be ordered by a court and can only be done if the judge is satisfied there's no other way. It's not a great plan TBH, but then, the main problem with DCFC is having more debt than it's worth. jimtastic56 and Maharan 1 1 Link to comment Share on other sites More sharing options...
Sparkle Posted January 28, 2022 Share Posted January 28, 2022 Within all these meetings with the Administrators could someone kindly ask the administrators why we are not taking exactly the same action against QPR ( easy to prove wrong doing ) obviously that would be an income stream for the creditors as well? Link to comment Share on other sites More sharing options...
RadioactiveWaste Posted January 28, 2022 Share Posted January 28, 2022 3 minutes ago, PistoldPete said: Arbitration on what? whether we'd be kicked out the league for doing it, or just given gazzillions of deductions and restictions for doing it. When they talk about EFL blocking things, it's the EFL kicking us out the leage that's the issue not f they can legally stop something. Maharan 1 Link to comment Share on other sites More sharing options...
Jimbo Ram Posted January 28, 2022 Share Posted January 28, 2022 28 minutes ago, Eatonram said: We cannot give Boro a penny. It is obscene to think we owe them money UNLESS we sue QPR also and then where does it end. We cannot give in to what is basically blackmail. But that principled position could end in us going under…..would that be the right outcome? It is total nonsense but we need to find a compromise and quickly….. Link to comment Share on other sites More sharing options...
Animal is a Ram Posted January 28, 2022 Share Posted January 28, 2022 9am meeting result waiting room. Steve How Hard?, jimtastic56, RadioactiveWaste and 1 other 1 3 Link to comment Share on other sites More sharing options...
TuffLuff Posted January 28, 2022 Share Posted January 28, 2022 (edited) Very simplistic way of looking at it but I wonder whether this mess might be resolved if Mel paid off the MSD debt as a loan for the club to him, in which we then gave Morris 25p in the £1 back. So he’d get a return similar to HMRC? He probably wouldn’t like it but surely that would seem most pragmatic in the circumstances? Edited January 28, 2022 by TuffLuff Curtains 1 Link to comment Share on other sites More sharing options...
Bald Eagle's Barmy Army Posted January 28, 2022 Share Posted January 28, 2022 I’d rather see Derby play in the conference than give into these two bankers The EFL are asking for trouble on the 12th Feb but it’s Derby that will get fined. RadioactiveWaste and BobdeBilder 1 1 Link to comment Share on other sites More sharing options...
Bald Eagle's Barmy Army Posted January 28, 2022 Share Posted January 28, 2022 2 minutes ago, Animal is a Ram said: 9am meeting result waiting room. Gibson just before going into the meeting Van der MoodHoover, Steve How Hard?, Premier ram and 1 other 4 Link to comment Share on other sites More sharing options...
Curtains Posted January 28, 2022 Share Posted January 28, 2022 https://www.efl.com/-more/governance/efl-rules--regulations/efl-regulations/section-9--arbitration/ Link to comment Share on other sites More sharing options...
RoyMac5 Posted January 28, 2022 Share Posted January 28, 2022 1 hour ago, ariotofmyown said: I'm going to sue you for 500k as I disagreed with some of your posts once. As I'm the better person though, I'll take around 75k. Thanks. Hey I disagree too, I'll have £50k and the rest of my mates that were in the room say they deserve that as well. ariotofmyown and Van der MoodHoover 1 1 Link to comment Share on other sites More sharing options...
Jimbo Ram Posted January 28, 2022 Share Posted January 28, 2022 2 minutes ago, RoyMac5 said: Hey I disagree too, I'll have £50k and the rest of my mates that were in the room say they deserve that as well. I’ll back ya Macca….as we are mates now ??? Link to comment Share on other sites More sharing options...
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