@thecatwwfc said:
I haven't trawled through all the comments, but I think this is all bad PR for our club. Sort a deal out and be done with it!
That’s literally Rob’s position.
Unfortunately the administrators seem to be the ones slinging the mud and causing the bad PR rather than actually talking to us. Or anyone they owe money too seemingly.
Boro and Wycombe have both said they are willing to talk, the administrators did sod all for 3 months, independent arbitration is all good but usually starting with a simple phone call first before legal proceedings saves a few quid all round
@ReturnToSenda said:
Can I just say how grateful I am - as I'm sure we all are - to the Couhigs for coming in and being so great, but also to the Trust for keeping us afloat and putting us in a position where that handover was possible. We are blessed.
I'm absolutely hammered (covering for @LX1 tonight), but I mean this with all my light and dark blue heart. A special time to be supporting this club, let's have a special day tomorrow! COYB!
@thecatwwfc said:
I haven't trawled through all the comments, but I think this is all bad PR for our club. Sort a deal out and be done with it!
Just whom do you expect Rob Couhig to sort a deal out with @thecatwwfc? With no preferred bidder there is nobody to negotiate with! An independent arbiter may be set up next week or a "hastily arranged civil court" if that doesn't bring about a solution. Whatever the outcomes, the EFL can't override the law so I can see this being sorted through the lawyers, let battle commence.
@HolmerBlue said:
It's ridiculous, these must be the worst administrators ever, they're simply not doing their job are they ?
Plan A still, "dump" as much debt as possible via cva, get bought out on the cheap as close to a going concern as possible. Use emotional blackmail to minimise all usual penalties.
That they've been allowed extensions to enable this without any firm evidence is disgusting tbh
UK tax payers ensuring Wazza boosts his reputation and keeps his bank account happy. Fk any creditors.
If they pull it of and Ashley or some other chancer gets the club effectively in tact for a song I'd say the administrators have played a blinder for both Morris and the prospective new owners.
The absolute lack of common sense or decency should ensure they are in an even worse position in a couple of years unless they get the lucky Prem ticket and stay there.
They are going to get relegated. So better to keep hold of your beat player and fuck the HMRC.
Hello HKRC I know I owe you a shit load but I really like my Porsche 911 so can I keep that? Sure. You pay your tax when you are good you cheeky monkey.
Seriously never felt so much support for the tax man.
@TheAndyGrahamFanClub said:
They are going to get relegated. So better to keep hold of your beat player and fuck the HMRC.
Hello HKRC I know I owe you a shit load but I really like my Porsche 911 so can I keep that? Sure. You pay your tax when you are good you cheeky monkey.
Seriously never felt so much support for the tax man.
Are they going to get relegated ? Only 8 points from safety and keep putting In good results, thanks to their better players that they should've got rid of by now
@TheAndyGrahamFanClub said:
They are going to get relegated. So better to keep hold of your beat player and fuck the HMRC.
Hello HKRC I know I owe you a shit load but I really like my Porsche 911 so can I keep that? Sure. You pay your tax when you are good you cheeky monkey.
Seriously never felt so much support for the tax man.
Are they going to get relegated ? Only 8 points from safety and keep putting In good results, thanks to their better players that they should've got rid of by now
And there is the problem. The administrators are banking on the club having more value staying in the Championship and this gives a better income stream to pay off creditors. I’m not sure they can legally make that call and should be raising cash now. Trouble is I think the current moratorium on legal action is stopping HMRC forcing the issue and we are where we are.
Don’t see Derby being wound up and really think they could stay up. On the plus side for me this could relegate Peterborough and give us more chance in our claim on them. Downside is I think a big club needs to go bust to stop the massive overspending in the Championship. If not Derby who next?
Maybe you should make the time to better understand why RC has made the claim and why he's under no pressure - other than PR from Derby, who systematically overspent and now want to pay off those debts at 25p in the pound - to unilaterally withdraw the claim.
Indeed, I believe that without the pressure on the administrator from the WWFC & Middlesbrough claims a deal would already be done, which would have cleared Derby's historic debt at this level and to hell with all the small businesses & individuals tin their local economy this would have caused pain to. That's why I find their claim to be and integral part of the local community so laughable.
In case you haven't thought through the logic, if they only repay HMRC £7M rather than the £28M owed, that's a £21M subsidy from the UK tax payers. Can't think of another team currently in the EFL who got such a generous grant from HMRC. In fact, when clubs started claiming Covid payments all hell broke out in the media. Short memories some people.
In what other industry or scenario when you're in debt , can you decide not to sell one of your biggest assets?!
Bizarre.
Exactly - and who has reassured Wayne Rooney? Presumably the Administrators, who now appear to have gone along with the decision to bet the farm on Derby retaining a Championship place.
I hope HMRC tell DCFC to go the Hell, and pay your bloody tax bill on the way. There is no justification to negotiate a tax reduction. If it sends them into liquidation, so be it.
@eric_plant said:
What are your thoughts on the Nottingham Forest owner btw Wenders? Good bloke?
To be honest I don't take that much notice...some terrible shopping tycoon I think. I am pretty sure whatever I thought would disgust you eric. Its not Mel Morris is it?
@eric_plant said:
What are your thoughts on the Nottingham Forest owner btw Wenders? Good bloke?
Although I’m not @Wendoverman , I can say that he at least let’s the management and those running the club day to day actually get on with the task in hand. Our previously owner, Fawaz from Kuwait was an absolute shit show that even interviewed Warnock once, who walked out of the interview when he told him who he must play.
The current owner has lots of previous in Greek football, with plenty of match fixing allegations against him which have always (I understand) been disproven. We will never know, but his other club Olympiacos are a phenomenally big fish in a small pond so lots of jealousy I understand over there.
The biggest concern to many Forest fans is the endless links and transfers, free signings between the two clubs in Forest and Olympiacos.
The good thing is finally there is a manager who is delivering and sending all the crap back over there and signing experienced championship players only.
Interesting post @username123. Someone commented recently about the number of Gasroomers with Nottingham Forest connections. I didn’t know that you were one of them. Clearly, @Forest_Blue is another and our old pal and beauty, @Wendoverman, is the most famous. Notorious, in fact. Anyone else? And how many of you were at the Friendly at Adams Park all those years ago?
I bet none of you went to the lengths I went to nearly 50 years ago to move (from Basingstoke) to High Wycombe in order to be close to the football club I’d fallen in love with in the late ‘60s whilst living in Harrow and having been disappointed with Wealdstone’s decision to join the semi-professional stuff in the Southern League.
As a London commuter (from Denham) dispersed to Basingstoke in 1970 - a move which enabled us to get on the property ownership ladder - I was moved back to London on promotion and could have moved to any town within commuting distance of London. At no stage did I mention to mrs micra that proximity to Loakes Park was a significant factor but I suspect she might have guessed in the meantime!
Another odd post match interview with Rooney , All very positive, won't be selling anyone before the deadline, almost as if nothing was happening.
Mass protests to nobody in particular and the council piddling money away on "Save Derby County" road signs rather than helping creditors.
Either they know some idiot is waiting in the wings to pay the debt or Rooney is as deluded as most of their fans and as thick as he looks.
@StrongestTeam said:
Another odd post match interview with Rooney , All very positive, won't be selling anyone before the deadline, almost as if nothing was happening.
Mass protests to nobody in particular and the council piddling money away on "Save Derby County" road signs rather than helping creditors.
Either they know some idiot is waiting in the wings to pay the debt or Rooney is as deluded as most of their fans and as thick as he looks.
The latter I believe
The duties of an administrator are (according to one website for a company specialising in this work) is
"They have a duty to act in the best interests of creditors as a whole, and will attempt to realise the highest returns for all groups if rescue is not possible. If this also fails, they must attempt to achieve a better result for creditors than if the company had been liquidated."
Not sure how the current Derby one is complying with this
@StrongestTeam said:
Another odd post match interview with Rooney , All very positive, won't be selling anyone before the deadline, almost as if nothing was happening.
Mass protests to nobody in particular and the council piddling money away on "Save Derby County" road signs rather than helping creditors.
Either they know some idiot is waiting in the wings to pay the debt or Rooney is as deluded as most of their fans and as thick as he looks.
The latter I believe
The duties of an administrator are (according to one website for a company specialising in this work) is
"They have a duty to act in the best interests of creditors as a whole, and will attempt to realise the highest returns for all groups if rescue is not possible. If this also fails, they must attempt to achieve a better result for creditors than if the company had been liquidated."
Not sure how the current Derby one is complying with this
The club is definitely worth more to a prospective buyer in tact and with a fair chance of staying up in the championship but that's a huge risk to gamble on that. If they keep the squad there's no guarantee they stay up and the players have 6 months less until they are frees, if they do survive they could still face another 15 point deduction next year. And if an owner doesn't stump up a proper offer or another substantial loan in the next month they could fold.
Comments
Boro and Wycombe have both said they are willing to talk, the administrators did sod all for 3 months, independent arbitration is all good but usually starting with a simple phone call first before legal proceedings saves a few quid all round
The more times I have a quick read of the Derby forum, the less bothered I am about them being liquidated. Deluded bunch
I'm absolutely hammered (covering for @LX1 tonight), but I mean this with all my light and dark blue heart. A special time to be supporting this club, let's have a special day tomorrow! COYB!
Just whom do you expect Rob Couhig to sort a deal out with @thecatwwfc? With no preferred bidder there is nobody to negotiate with! An independent arbiter may be set up next week or a "hastily arranged civil court" if that doesn't bring about a solution. Whatever the outcomes, the EFL can't override the law so I can see this being sorted through the lawyers, let battle commence.
Perhaps you should have trawled through all the comments @thecatwwfc !
Perhaps I don't have time @Wendoverman
YCMIU!
When we nearly went bust after Steve Hayes left, we fire-sold all our best prospects to pay our bills. Why don't Derby have to do the same?
It's ridiculous, these must be the worst administrators ever, they're simply not doing their job are they ?
Plan A still, "dump" as much debt as possible via cva, get bought out on the cheap as close to a going concern as possible. Use emotional blackmail to minimise all usual penalties.
That they've been allowed extensions to enable this without any firm evidence is disgusting tbh
UK tax payers ensuring Wazza boosts his reputation and keeps his bank account happy. Fk any creditors.
If they pull it of and Ashley or some other chancer gets the club effectively in tact for a song I'd say the administrators have played a blinder for both Morris and the prospective new owners.
The absolute lack of common sense or decency should ensure they are in an even worse position in a couple of years unless they get the lucky Prem ticket and stay there.
They are going to get relegated. So better to keep hold of your beat player and fuck the HMRC.
Hello HKRC I know I owe you a shit load but I really like my Porsche 911 so can I keep that? Sure. You pay your tax when you are good you cheeky monkey.
Seriously never felt so much support for the tax man.
Are they going to get relegated ? Only 8 points from safety and keep putting In good results, thanks to their better players that they should've got rid of by now
And there is the problem. The administrators are banking on the club having more value staying in the Championship and this gives a better income stream to pay off creditors. I’m not sure they can legally make that call and should be raising cash now. Trouble is I think the current moratorium on legal action is stopping HMRC forcing the issue and we are where we are.
Don’t see Derby being wound up and really think they could stay up. On the plus side for me this could relegate Peterborough and give us more chance in our claim on them. Downside is I think a big club needs to go bust to stop the massive overspending in the Championship. If not Derby who next?
You should make time. Some of the posts are quite interesting and illuminating. Obviously there are some that are crap.
What are your thoughts on the Nottingham Forest owner btw Wenders? Good bloke?
In what other industry or scenario when you're in debt , can you decide not to sell one of your biggest assets?!> @StrongestTeam said:
In what other industry or scenario when you're in debt , can you decide not to sell one of your biggest assets?!
Bizarre.
Maybe you should make the time to better understand why RC has made the claim and why he's under no pressure - other than PR from Derby, who systematically overspent and now want to pay off those debts at 25p in the pound - to unilaterally withdraw the claim.
Indeed, I believe that without the pressure on the administrator from the WWFC & Middlesbrough claims a deal would already be done, which would have cleared Derby's historic debt at this level and to hell with all the small businesses & individuals tin their local economy this would have caused pain to. That's why I find their claim to be and integral part of the local community so laughable.
In case you haven't thought through the logic, if they only repay HMRC £7M rather than the £28M owed, that's a £21M subsidy from the UK tax payers. Can't think of another team currently in the EFL who got such a generous grant from HMRC. In fact, when clubs started claiming Covid payments all hell broke out in the media. Short memories some people.
Rant over.
Exactly - and who has reassured Wayne Rooney? Presumably the Administrators, who now appear to have gone along with the decision to bet the farm on Derby retaining a Championship place.
I hope HMRC tell DCFC to go the Hell, and pay your bloody tax bill on the way. There is no justification to negotiate a tax reduction. If it sends them into liquidation, so be it.
They negotiate their points deductions and accounts, so why not their tax bill!
If I were a Birmingham City supporter tomorrow I would be tempted with:
"Tax free wages - you're having a laugh"
21 mill would have saved Bury several times over. Funny how it only matters when it is a big club.
To be honest I don't take that much notice...some terrible shopping tycoon I think. I am pretty sure whatever I thought would disgust you eric. Its not Mel Morris is it?
Although I’m not @Wendoverman , I can say that he at least let’s the management and those running the club day to day actually get on with the task in hand. Our previously owner, Fawaz from Kuwait was an absolute shit show that even interviewed Warnock once, who walked out of the interview when he told him who he must play.
The current owner has lots of previous in Greek football, with plenty of match fixing allegations against him which have always (I understand) been disproven. We will never know, but his other club Olympiacos are a phenomenally big fish in a small pond so lots of jealousy I understand over there.
The biggest concern to many Forest fans is the endless links and transfers, free signings between the two clubs in Forest and Olympiacos.
The good thing is finally there is a manager who is delivering and sending all the crap back over there and signing experienced championship players only.
Interesting post @username123. Someone commented recently about the number of Gasroomers with Nottingham Forest connections. I didn’t know that you were one of them. Clearly, @Forest_Blue is another and our old pal and beauty, @Wendoverman, is the most famous. Notorious, in fact. Anyone else? And how many of you were at the Friendly at Adams Park all those years ago?
I bet none of you went to the lengths I went to nearly 50 years ago to move (from Basingstoke) to High Wycombe in order to be close to the football club I’d fallen in love with in the late ‘60s whilst living in Harrow and having been disappointed with Wealdstone’s decision to join the semi-professional stuff in the Southern League.
As a London commuter (from Denham) dispersed to Basingstoke in 1970 - a move which enabled us to get on the property ownership ladder - I was moved back to London on promotion and could have moved to any town within commuting distance of London. At no stage did I mention to mrs micra that proximity to Loakes Park was a significant factor but I suspect she might have guessed in the meantime!
Another odd post match interview with Rooney , All very positive, won't be selling anyone before the deadline, almost as if nothing was happening.
Mass protests to nobody in particular and the council piddling money away on "Save Derby County" road signs rather than helping creditors.
Either they know some idiot is waiting in the wings to pay the debt or Rooney is as deluded as most of their fans and as thick as he looks.
The latter I believe
The duties of an administrator are (according to one website for a company specialising in this work) is
"They have a duty to act in the best interests of creditors as a whole, and will attempt to realise the highest returns for all groups if rescue is not possible. If this also fails, they must attempt to achieve a better result for creditors than if the company had been liquidated."
Not sure how the current Derby one is complying with this
The club is definitely worth more to a prospective buyer in tact and with a fair chance of staying up in the championship but that's a huge risk to gamble on that. If they keep the squad there's no guarantee they stay up and the players have 6 months less until they are frees, if they do survive they could still face another 15 point deduction next year. And if an owner doesn't stump up a proper offer or another substantial loan in the next month they could fold.
I would change one word in your opening line
The club is potentially worth more to a prospective buyer in tact.
That is a high-risk strategy. Sums up the Derby situation perfectly