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The Administration Thread


Boycie

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48 minutes ago, Gritstone Ram said:

Had a reply from the EFL for once.

Hello Gritsone

 

Thank you for your email, we acknowledge your views.

 

While recognising this remains a challenging time for everyone connected to the Club, the EFL’s statement (issued on Thursday 3 February here) reiterates the EFL’s request for relevant and associated parties to enter formal collaborative negotiations to actively seek out the compromises and solutions. This also includes continuing transparent dialogue with politicians and engagement with  Derby Supporters’ Groups.

 

As a point of clarification, and for the avoidance of doubt, the EFL has not declared the claims made by Middlesbrough and Wycombe as football debt, rather that under the terms of the EFL’s Insolvency Policy, the claims cannot be ignored. Put another way, the EFL cannot rule that they are not creditors as the claims may subsequently be upheld by independent process. The EFL cannot unilaterally decide if the claims should be dismissed, that is why under the terms of the EFL’s Articles of Association and Insolvency policy we are working with parties involved, and continuing to encourage them to seek to progress this matter independently, via commercial agreement, arbitration or the courts.

 

While not the only solution, when there are disputes between Clubs, there is an arbitration mechanism as set out in our Regulations which is independent and objective,  consisting of lawyers and judges, appointed to settle disputes in a fair manner. Clearly nobody wants disputes between Clubs but they will occasionally arise, be over transfer fees or player medicals for example, and the mechanism in the rules means they can be resolved independently of the League.

 

As the statement clarifies, the EFL has reiterated this position to Quantuma, so as to enable them to apply to the High Court or engage in Arbitration to have that issue determined. It is now for the Administrators to determine how they wish to move this matter forward and we remain willing to expedite any process, as necessary.  

 

Again we do understand that this is a concerning time for Derby supporters, and the EFL will endeavour to provide updates on any progress achieved as a result of this request and any subsequent discussions in due course.

 

Thank you for contacting the EFL.

 

Kind Regards

 

 

Quantuma are not ignoring the claims . They planned to include them in a CVA or restructuring deal , which isn't ignoring them at all.. just not dealing with them as the EFL want to.

Was that an EFL Comms jobbie or a "Call me Rick" email? either way a cop out as usual.

Edited by PistoldPete
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14 minutes ago, PistoldPete said:

Quantuma are not ignoring the claims . They planned to include them in a CVA or restructuring deal , which isn't ignoring them at all.. just not dealing with them as the EFL want to.

Was that an EFL Comms jobbie or a "Call me Rick" email? either way a cop out as usual.

And now some 3 weeks after finding out they could not do that what have they done other than rack up another 3 weeks worth of fees?

Every couple of days we hear the same update.

If the administrators don't think there is anything they can do then surely they should liquidate us?

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1 minute ago, Eatonram said:

Would the EFL arbitration route be such a disaster if the high court option is closed off by Pune head? 
people need to bear in mind that in previous processes DC/LAP we mostly won the arguments didn’t we? 

On past evidence we would probably lose the Arbitration 2 votes to one 

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12 minutes ago, Bald Eagle's Barmy Army said:

I'm starting to feel we might just be coming to the end of this shi7 show 

Not trying to rain on your parade but why? The solicitor on Radio Derby said that any court case will get thrown out as you can't sue an individual person in a company and it has to be the corporate body.

So we will back to square one with the number of potential bidders being irrelevant unless one is prepared to take on the risk of the claims from Wycombe and Boro which none of them want to do.

And the EFL wants us to name a preferred bidder but they know that no one will chuck their hat in the ring until the issue with Wycombe and Boro is resolved. And the admins won't entertain such claims as its not a prudent use of the clubs resources, we probably can't afford them anyway and they believe it is totally contrary to accounting law.

So we carry on going nowhere fast apart from liquidation 

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