Crazy Posted January 14, 2022 Share Posted January 14, 2022 I'm all for criticising the EFL, but aren't they doing the right thing here? If we don't have the funds to fulfill our commitments, we shouldn't be allowed to sign be players. If, as some people are claiming, they are unreasonably blocking the preferred bidder being announced with their hefty deposit, then sure, blame them. But I'm not sure we've seen any evidence of that, have we? Dimmu, RadioactiveWaste, kevinhectoring and 4 others 7 Link to comment Share on other sites More sharing options...
RoyMac5 Posted January 14, 2022 Author Share Posted January 14, 2022 Just now, Crazy said: I'm all for criticising the EFL, but aren't they doing the right thing here? If we don't have the funds to fulfill our commitments, we shouldn't be allowed to sign be players. If, as some people are claiming, they are unreasonably blocking the preferred bidder being announced with their hefty deposit, then sure, blame them. But I'm not sure we've seen any evidence of that, have we? What have we seen evidence of? I'm not sure even after that waffle from the EFL. Link to comment Share on other sites More sharing options...
ossieram Posted January 14, 2022 Share Posted January 14, 2022 11 minutes ago, RoyMac5 said: Has he? OK he owns the ground, but he has still left us in the crap. Link to comment Share on other sites More sharing options...
Beetle Posted January 14, 2022 Share Posted January 14, 2022 I don't get it. What money are we using to pay the players if it is not the income from people paying to watch? Ken Tram 1 Link to comment Share on other sites More sharing options...
Simmo’s left foot Posted January 14, 2022 Share Posted January 14, 2022 Season ticket money is dripped to the club on a match by match basis, TV payments, DCFC superstore receipts, and matchday ticket receipts and food sales. Link to comment Share on other sites More sharing options...
Gee SCREAMER !! Posted January 14, 2022 Share Posted January 14, 2022 9 minutes ago, Rev said: I asked this in another thread. All the money generated would go to the creditors and couldn't be used to keep us going. No. If the business is considered a going concern you would be expected under administration to cut cloth accordingly whilst ensuring the business functions at a serviceable level to start paying debt . If the club got 10 million in they would be expected to utilise a chunk of that to service debt after the minimum required to fund the club was taken. At some point a business gets to a place with 600k in the bank, no more loans to be had, a squad worth 25% of its actual value to buyers, thousands of pounds in interest running weekly, a future lose of revenue now almost inevitable and 4 million quid to find in a month for football creditors. Without a buyer in place now we were never going to be allowed to bring in new players. The fact we can't even resign a bloke of 39 on 4 k a week indicates we are absolutely shagged Ken Tram 1 Link to comment Share on other sites More sharing options...
RoyMac5 Posted January 14, 2022 Author Share Posted January 14, 2022 (edited) Doesn't make clear what we were telling/asking the EFL yesterday that gave Rooney et al the impression we'd have a PB? Edited January 14, 2022 by RoyMac5 RadioactiveWaste and Ken Tram 2 Link to comment Share on other sites More sharing options...
Archie Posted January 14, 2022 Share Posted January 14, 2022 5 minutes ago, RoyMac5 said: Doesn't make clear what we were telling/asking the EFL yesterday that gave Rooney et al the impression we'd have a PB? Washing their hands with the Boro and Wycombe affairs. They could make these absurd claims go away with a bit of presure if they wanted to. I'm struggling to see where we go from here. Sparkle 1 Link to comment Share on other sites More sharing options...
Rammy03 Posted January 14, 2022 Share Posted January 14, 2022 The EFL statement doesn't explain what is actually going on. We are yet to understand why there is a hold up on the takeover when we were infomed only a week ago that parties were ready to go. Hopefully the administators reveal more later but I doubt it RoyMac5 and Indy 2 Link to comment Share on other sites More sharing options...
Yani P Posted January 14, 2022 Share Posted January 14, 2022 4 minutes ago, Archie said: Washing their hands with the Boro and Wycombe affairs. They could make these absurd claims go away with a bit of presure if they wanted to. I'm struggling to see where we go from here. Down to the lake I fear.. hintonsboots and Rev 1 1 Link to comment Share on other sites More sharing options...
SSD Posted January 14, 2022 Share Posted January 14, 2022 These spiteful individuals clearly don't see the bigger picture. The EFL, Gibson, Morris etc. If they let the club die on its knees you're taking away the heart of a city, the huge source of income for local businesses. For what? Because of their rich boy backroom politics. Awful people the lot of them. Shame on you for creating this clusterbomb of a mess. It's not one party to blame, all of them deserve criticism. It takes a lot for me to become upset however I genuinely have had it with these muppets. The manager must be furious, losing Jags is horrible. And now a potential fire sale on the horizon. Sigh. Zag zig, Gritstone Ram, Ramarena and 9 others 1 11 Link to comment Share on other sites More sharing options...
Tyler Durden Posted January 14, 2022 Share Posted January 14, 2022 Isn't it quite simple, the administrators show how they intend to fund the club over the course of the season then the embargo gets lifted? Whats particularly complex about that for a team of administrators- unless they don't have a plan? Premier ram, Ken Tram and hintonsboots 2 1 Link to comment Share on other sites More sharing options...
Caerphilly Ram Posted January 14, 2022 Share Posted January 14, 2022 2 minutes ago, Tyler Durden said: Isn't it quite simple, the administrators show how they intend to fund the club over the course of the season then the embargo gets lifted? Whats particularly complex about that for a team of administrators- unless they don't have a plan? I suspect it’s more that they don’t have the funds within the business as it stands, unless they take out another “soft” loan or secure a takeover. The club was running at a loss, so what money we do have coming in from match day revenue, sponsors, season ticket money drip fed per match, and tv money must not be enough to meet the outgoings on wages and other running costs. Link to comment Share on other sites More sharing options...
ollycutts1982 Posted January 14, 2022 Share Posted January 14, 2022 2 minutes ago, Tyler Durden said: Isn't it quite simple, the administrators show how they intend to fund the club over the course of the season then the embargo gets lifted? Whats particularly complex about that for a team of administrators- unless they don't have a plan? Not as simple as that, the HMRC & Boro/Wycombe issues will put buyers and off until resolved they won't commit. If they wont commit they wont pay the £5m deposit, without the deposit we cannot show we have funds until the end of the season. It is clear the LAP and the EFL are painfully slow at resolving issues. The delays willpotentially have a massive detrimental effect on us. Link to comment Share on other sites More sharing options...
Tyler Durden Posted January 14, 2022 Share Posted January 14, 2022 1 minute ago, ollycutts1982 said: Not as simple as that, the HMRC & Boro/Wycombe issues will put buyers and off until resolved they won't commit. If they wont commit they wont pay the £5m deposit, without the deposit we cannot show we have funds until the end of the season. It is clear the LAP and the EFL are painfully slow at resolving issues. The delays willpotentially have a massive detrimental effect on us. So the administrators don't have a plan then. Link to comment Share on other sites More sharing options...
PistoldPete Posted January 14, 2022 Share Posted January 14, 2022 9 minutes ago, Tyler Durden said: Isn't it quite simple, the administrators show how they intend to fund the club over the course of the season then the embargo gets lifted? Whats particularly complex about that for a team of administrators- unless they don't have a plan? The admin team have shown how they intend to fund the club but the EFL don't like it. There's an obvious disconnect between what the club had expected from EFL and what they got. There is a common factor in this. It's being going on for two years, you can't blame the admin team for this. RadioactiveWaste, duncanjwitham and RoyMac5 3 Link to comment Share on other sites More sharing options...
AndyinLiverpool Posted January 14, 2022 Share Posted January 14, 2022 1 hour ago, Ram1988 said: The EFL have set out to ruin our club. Mel Morris has done that RoyMac5, DanS1992, RadioactiveWaste and 1 other 4 Link to comment Share on other sites More sharing options...
Eatonram Posted January 14, 2022 Share Posted January 14, 2022 9 minutes ago, Tyler Durden said: Isn't it quite simple, the administrators show how they intend to fund the club over the course of the season then the embargo gets lifted? Whats particularly complex about that for a team of administrators- unless they don't have a plan? Or they HAD a plan, but it involved the takeover being expedited without obstacles, and the EFL preferred to keep the obstacles in place. Be in no doubt, this is directly connected to the fact that Derby still have a chance of survival, so the EFL want to make that less likely. Their actions have, within less than 24hours, weakened our already slim squad. Andicis, Carnero, TigerTedd and 4 others 4 3 Link to comment Share on other sites More sharing options...
MarRam Posted January 14, 2022 Share Posted January 14, 2022 I’m no expert in administration and legal stuff, but could Q potentially get a meeting of the creditors and if the majority agree, pursue EFL via court as they are blocking the creditors getting paid off? might be interesting as some of these creditors are also members of the EFL RadioactiveWaste and I Am Sheep 2 Link to comment Share on other sites More sharing options...
Tyler Durden Posted January 14, 2022 Share Posted January 14, 2022 OK let me rephrase my question, until a takeover happens do the administrators have a plan on how to fund the club and if so what is it? Dean (hick) Saunders 1 Link to comment Share on other sites More sharing options...
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