Derby - administration

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Lancasterclaret
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Re: Derby - administration

Post by Lancasterclaret » Mon Jun 13, 2022 9:43 pm

Quickenthetempo wrote:
Mon Jun 13, 2022 8:48 pm
As a consequence or just because of the size of Derby?
Both

Anyone relegated from the prem and not getting their finances in order would potentially be in trouble

NewClaret
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Re: Derby - administration

Post by NewClaret » Mon Jun 13, 2022 10:05 pm

Murger wrote:
Mon Jun 13, 2022 9:41 pm
I know it's a bit callous, but this is the perfect opportunity to nab a couple of players (if we wanted too).
Hope we’re all in for Jason Knight.

Wokingclaret
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Re: Derby - administration

Post by Wokingclaret » Mon Jun 13, 2022 10:11 pm

Lancasterclaret wrote:
Mon Jun 13, 2022 9:43 pm
Both

Anyone relegated from the prem and not getting their finances in order would potentially be in trouble
Throw money at the manager, promotion a must within 2 seasons

evensteadiereddie
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Re: Derby - administration

Post by evensteadiereddie » Tue Jun 14, 2022 6:34 am

NewClaret wrote:
Mon Jun 13, 2022 10:05 pm
Hope we’re all in for Jason Knight.
They've now only got five pros on the books apparently. Sibley and Knight would be very useful to us next season.
It would leave Derby, if they survive and don't recruit, with just three pros and a bunch of kids and that wouldn't be allowed under EFL regs.

Colburn_Claret
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Re: Derby - administration

Post by Colburn_Claret » Tue Jun 14, 2022 8:04 am

Shambles

I think they need to appoint someone to administrate the administrators. All them months, back ground checks, due diligence, and they opt for somebody who doesn't have the money. What a crock of ****. Is there an ombudsman who can fine these people, by all accounts raking in a fortune in fees, now going to make even more money as it drags out even longer.

Quickenthetempo
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Re: Derby - administration

Post by Quickenthetempo » Tue Jun 14, 2022 8:37 am

Colburn_Claret wrote:
Tue Jun 14, 2022 8:04 am
Shambles

I think they need to appoint someone to administrate the administrators. All them months, back ground checks, due diligence, and they opt for somebody who doesn't have the money. What a crock of ****. Is there an ombudsman who can fine these people, by all accounts raking in a fortune in fees, now going to make even more money as it drags out even longer.
Nixon has said on twitter this morning the administrators haven't had any money yet, so that means another big bill to settle.
That's why they won't go anywhere near Ashley as he refuses to pay their demands.
This user liked this post: Colburn_Claret

NewClaret
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Re: Derby - administration

Post by NewClaret » Tue Jun 14, 2022 8:39 am

evensteadiereddie wrote:
Tue Jun 14, 2022 6:34 am
They've now only got five pros on the books apparently. Sibley and Knight would be very useful to us next season.
It would leave Derby, if they survive and don't recruit, with just three pros and a bunch of kids and that wouldn't be allowed under EFL regs.
Crikey, had no idea it was so bad.

I recall going on their message board when we were linked with Knight and their fans calling us “tin pot”. How times change (although, glass houses and all).

atlantalad
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Re: Derby - administration

Post by atlantalad » Tue Jun 14, 2022 8:59 am

Quickenthetempo wrote:
Tue Jun 14, 2022 8:37 am
Nixon has said on twitter this morning the administrators haven't had any money yet, so that means another big bill to settle.
That's why they won't go anywhere near Ashley as he refuses to pay their demands.
Isn’t it an Administrators priority to act to save companies or entities as best they can. Seems highly ironic that they expect creditors to take a hit, or full loss, but they themselves should be immune from their own short comings. Wondering who gets priority in assets distribution/ sale : HMRC, Administrators, larger creditors, the sole trader?

Colburn_Claret
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Re: Derby - administration

Post by Colburn_Claret » Tue Jun 14, 2022 9:26 am

Quickenthetempo wrote:
Tue Jun 14, 2022 8:37 am
Nixon has said on twitter this morning the administrators haven't had any money yet, so that means another big bill to settle.
That's why they won't go anywhere near Ashley as he refuses to pay their demands.
He does right.

Quickenthetempo
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Re: Derby - administration

Post by Quickenthetempo » Tue Jun 14, 2022 9:33 am

atlantalad wrote:
Tue Jun 14, 2022 8:59 am
Isn’t it an Administrators priority to act to save companies or entities as best they can. Seems highly ironic that they expect creditors to take a hit, or full loss, but they themselves should be immune from their own short comings. Wondering who gets priority in assets distribution/ sale : HMRC, Administrators, larger creditors, the sole trader?
I don't know the full inns and outs, but football creditors get first dib
The administrators took another loan out from the same place we owe 65m to, that will take preference to paying their tax bill.
Their club is just a shell now with debts going up, enough money to pay the next month's wages.

Morris wants 20m for the stadium and then all the debts need paying.

aggi
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Re: Derby - administration

Post by aggi » Tue Jun 14, 2022 10:05 am

atlantalad wrote:
Tue Jun 14, 2022 8:59 am
Isn’t it an Administrators priority to act to save companies or entities as best they can. Seems highly ironic that they expect creditors to take a hit, or full loss, but they themselves should be immune from their own short comings. Wondering who gets priority in assets distribution/ sale : HMRC, Administrators, larger creditors, the sole trader?
The trouble is that if administrators aren't guaranteed payment there is little incentive to carry out those insolvencies where there aren't loads of funds. Obviously if they are guaranteed payment there is the issue of what is reasonable.

Quicknick
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DERBY COUNTY

Post by Quicknick » Tue Jun 14, 2022 3:26 pm

Chris Kirchner has pulled out of buying Derby.


https://www.youtube.com/watch?v=LlIzO4YSHhM

ClaretTony
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Re: Derby - administration

Post by ClaretTony » Tue Jun 14, 2022 3:33 pm

NewClaret wrote:
Tue Jun 14, 2022 8:39 am
Crikey, had no idea it was so bad.

I recall going on their message board when we were linked with Knight and their fans calling us “tin pot”. How times change (although, glass houses and all).
It’s horrendously bad - the one bit of light being people still prepared to step in.

I bet there is some relief at Preston. Kirchner was in the process of trying to buy them when he got the opportunity to jump back in at Derby.

Chester Perry
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Re: Derby - administration

Post by Chester Perry » Tue Jun 14, 2022 3:39 pm

ClaretTony wrote:
Tue Jun 14, 2022 3:33 pm
It’s horrendously bad - the one bit of light being people still prepared to step in.

I bet there is some relief at Preston. Kirchner was in the process of trying to buy them when he got the opportunity to jump back in at Derby.
Story is Preston did not believe he was sincere, certainly no proof of funds, so bagged him off

ClaretTony
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Re: Derby - administration

Post by ClaretTony » Tue Jun 14, 2022 3:43 pm

Chester Perry wrote:
Tue Jun 14, 2022 3:39 pm
Story is Preston did not believe he was sincere, certainly no proof of funds, so bagged him off
Their gain too

GodIsADeeJay81
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Re: Derby - administration

Post by GodIsADeeJay81 » Tue Jun 28, 2022 9:33 pm

Derby County could face ANOTHER points deduction next season https://mol.im/a/10961729 via https://dailym.ai/android

ClaretTony
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Re: Derby - administration

Post by ClaretTony » Tue Jun 28, 2022 9:38 pm

There was some mystery at the time as to where the money came from

DCWat
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Re: Derby - administration

Post by DCWat » Tue Jun 28, 2022 9:51 pm

GodIsADeeJay81 wrote:
Tue Jun 28, 2022 9:33 pm
Derby County could face ANOTHER points deduction next season https://mol.im/a/10961729 via https://dailym.ai/android
Nice to see an agent putting back into football for a change :D

I’m sure there was a healthier return expected though!!

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