chinapig Posted March 22, 2022 Report Share Posted March 22, 2022 1 hour ago, Mr Popodopolous said: Yes, end of season, May or June I reckon. Good question, but thought the -15 was linked to exiting in the incorrect manner or below minimum EFL requirements. Proof of funds surely but they let Derby under Mel start...all depends on how long MSD keep wanting to put it in but probably sales and further cuts too. Unsure what happens if they begin in Administration having already been docked 12 in the season of it. Essentially, IIRC the EFL said in a recent statement that no club can a) Start two successive seasons in Administration or b) Spend more than 18 months in an unbroken period in Administration. My understanding was that they could start next season in admin as they weren't in admin at the start of this season. Of course they would still have to prove they have funds to continue after this season 's funding runs out. Which still means the only real solution is to find a buyer pronto. 1 1 Quote Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted March 22, 2022 Report Share Posted March 22, 2022 1 hour ago, ExiledAjax said: Ah right. Think I was getting muddled and thinking the -15 would be for starting next season in admin. If instead it is linked to exiting Admin in an 'unapproved' manner then perhaps that encourages Quantuma to drag Admin out for as long as possible? Regardless, I suspect there is actually not too much (relative) pressure to get this sorted until the off season. 'Unapproved' manner or not hitting the requirements ie minimum 25% to HMRC, same to Unsecured Creditors, Quantuma will surely insist on full payment, few million more. Football Creditors is an interesting one, would seeking to stiffing these result merely in - 15 or would it be a dealbreaker, resulting in expulsion! Regardless it needs meeting in full but the EFL can withhold Central Awards as required of course. 43 minutes ago, Hxj said: Except that we are coming up to the 31 March FFP deadline for future financial information, including details of how any losses are to be funded. However any punishment is limited to embargo and budgets, so no change there. The June Orders also said that Accounts for 2020/21 onwards either needed submitting if out of Administration or publishing through alternative arrangements if not. March 31st is their deadline for this too. Then there is for P&S purposes the Projections for THIS season along with the last however many years of Restated Accounts, either the start or end of March. 30 minutes ago, East Londoner said: Is there any rules for how quickly they can enter administration a second time? Given the level of debt and lack of assets and amount due to HMRC that might be their best bet Would be good to know! Would hope that this same Embargo conditions etc remain, indeed remain in the relevant form until all outstanding issues sorted to the satisfaction of the EFL. Back in admin? - 12 again, crippling Embargo and could they again rely on MSD?? Quote Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted March 22, 2022 Report Share Posted March 22, 2022 9 minutes ago, chinapig said: My understanding was that they could start next season in admin as they weren't in admin at the start of this season. Of course they would still have to prove they have funds to continue after this season 's funding runs out. Which still means the only real solution is to find a buyer pronto. Yeah that's mine too. Agreed, although worth noting that Mel Morris wouldn't give the EFL certain guarantees, according to Nixon anyway last July or August. Had that been funding then they in some ways have got off lightly, see Dale and Bury. Quote Link to comment Share on other sites More sharing options...
ExiledAjax Posted March 22, 2022 Report Share Posted March 22, 2022 4 minutes ago, Mr Popodopolous said: Football Creditors is an interesting one, would seeking to stiffing these result merely in - 15 or would it be a dealbreaker, resulting in expulsion! IIRC from my reading of the Regs and EFL Articles, the default is expulsion, with discretion to be less punitive than that. Remember, they are right now under Notice of expulsion - that is automatic upon entry into Admin - effectively the EFL has been constantly postponing that expulsion for the last 6 months. 1 Quote Link to comment Share on other sites More sharing options...
redsquirrel Posted March 22, 2022 Report Share Posted March 22, 2022 im surprised Rooney hasnt bought it with a few of his mates Quote Link to comment Share on other sites More sharing options...
Waconda Posted March 22, 2022 Report Share Posted March 22, 2022 1 hour ago, chinapig said: My understanding was that they could start next season in admin as they weren't in admin at the start of this season. Of course they would still have to prove they have funds to continue after this season 's funding runs out. Which still means the only real solution is to find a buyer pronto. The most important thing for the EFL is ensuring Derby finish this seasons fixtures, they will delay, ignore, postpone to make sure this happens. Once that is done the gloves could well come off. Quote Link to comment Share on other sites More sharing options...
chinapig Posted March 22, 2022 Report Share Posted March 22, 2022 1 hour ago, redsquirrel said: im surprised Rooney hasnt bought it with a few of his mates Do we reckon Ronaldo might like to own a League One club? It would be typical of his humble attitude after all. Quote Link to comment Share on other sites More sharing options...
downendcity Posted March 23, 2022 Report Share Posted March 23, 2022 3 hours ago, chinapig said: My understanding was that they could start next season in admin as they weren't in admin at the start of this season. Of course they would still have to prove they have funds to continue after this season 's funding runs out. Which still means the only real solution is to find a buyer pronto. So you’re saying they need the Loan Arranger and Pronto, kemosabe. 2 Quote Link to comment Share on other sites More sharing options...
HappyClapper Posted March 23, 2022 Report Share Posted March 23, 2022 13 hours ago, Curr Avon said: Take it away George!!!!! 1,2,3,4 Hrmm! 1,2... 1,2,3,4. Let me tell you how it will be There's one for you, nineteen for me Cos I'm the taxman, yeah, I'm the taxman Should five per cent appear too small Be thankful I don't take it all Cos I'm the taxman, yeah I'm the taxman If you drive a car, I'll tax the street If you try to sit, I'll tax your seat If you get too cold I'll tax the heat If you take a walk, I'll tax your feet Taxman! Cos I'm the taxman, yeah I'm the taxman Don't ask me what I want it for (Aahh Mr. Wilson) If you don't want to pay some more (Aahh Mr. Heath) Cos I'm the taxman, yeah, I'm the taxman Now my advice for those who die Declare the pennies on your eyes Cos I'm the taxman, yeah, I'm the taxman And you're working for no one but me Taxman! I can’t believe they ripped off the baseline from Start by The Jam. Shocking 2 5 Quote Link to comment Share on other sites More sharing options...
Ska Junkie Posted March 23, 2022 Report Share Posted March 23, 2022 21 hours ago, ExiledAjax said: See, the old directors understood what the word 'imminent' means. Excuse my stupidity but weren't Quantuma administrators? Quote Link to comment Share on other sites More sharing options...
exAtyeoMax Posted March 23, 2022 Report Share Posted March 23, 2022 2 minutes ago, Ska Junkie said: Excuse my stupidity but weren't Quantuma administrators? it's from Sept 2021 1 Quote Link to comment Share on other sites More sharing options...
Ska Junkie Posted March 23, 2022 Report Share Posted March 23, 2022 18 minutes ago, exAtyeoMax said: it's from Sept 2021 My bad. Thanks Max. 1 Quote Link to comment Share on other sites More sharing options...
Sir Geoff Posted March 23, 2022 Report Share Posted March 23, 2022 20 hours ago, redsquirrel said: im surprised Rooney hasnt bought it with a few of his mates Derby County...the new Salford City, only a few leagues lower...now that would be funny. Quote Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted March 23, 2022 Report Share Posted March 23, 2022 (edited) From the Forest forum- made me laugh! Quote Candy Crush Land, you say? And the tinny, sinister music playing over the rotten turnstiles as a group of youths sneak into this derelict "theme park" of doom? … Who can make a club die (who can make a club die) Sell off all the youth (sell off all the youth) Make bad enemies of a chairman or two Oh the Candy Mel can (the Candy Mel can) The Candy Mel can 'cause he cooked all the books And made your world cave in (made your world cave in) … Oh who can take tomorrow (who can take tomorrow) Smash up all your dreams (Smash up all your dreams) Leave you feeling sorrow and a big tax bill … The Candy Mel (the Candy Mel) Oh the Candy Mel can (the Candy Mel can) The Candy Mel can 'cause he had you all on strings And then destroyed D*rby (then destroyed D*rby) Their demise of Derby thread. An entertaining read certainly that thread. On a more serious note, their view is that a Preferred Bidder can be named by the end of the week/Friday I think. https://www.derbytelegraph.co.uk/sport/football/football-news/derby-county-takeover-rams-efl-6851354 Edited March 23, 2022 by Mr Popodopolous 1 Quote Link to comment Share on other sites More sharing options...
Davefevs Posted March 23, 2022 Report Share Posted March 23, 2022 33 minutes ago, Mr Popodopolous said: From the Forest forum- made me laugh! Their demise of Derby thread. An entertaining read certainly that thread. On a more serious note, their view is that a Preferred Bidder can be named by the end of the week/Friday I think. https://www.derbytelegraph.co.uk/sport/football/football-news/derby-county-takeover-rams-efl-6851354 So, happy to leak news that sounds positive, but not the other way around. Quote Link to comment Share on other sites More sharing options...
East Londoner Posted March 23, 2022 Report Share Posted March 23, 2022 Quote Link to comment Share on other sites More sharing options...
ExiledAjax Posted March 23, 2022 Report Share Posted March 23, 2022 2 minutes ago, East Londoner said: The word "deadline" has lost all meaning in terms of the Derby matter. It now lies in a grave alongside the word "imminent". The English language is the real victim in all of this. 2 3 Quote Link to comment Share on other sites More sharing options...
East Londoner Posted March 23, 2022 Report Share Posted March 23, 2022 4 minutes ago, ExiledAjax said: The word "deadline" has lost all meaning in terms of the Derby matter. It now lies in a grave alongside the word "imminent". The English language is the real victim in all of this. Maybe they’d be better served swapping the word believe with hope and hope they’re in a position to announce. Although it seems Derby's fans think once they have someone willing to buy the club they’ll immediately be able to start signing players. And are assuming HMRC will say they’d be delighted with only 25% Quote Link to comment Share on other sites More sharing options...
Mr Popodopolous Posted March 24, 2022 Report Share Posted March 24, 2022 Got my last post slightly wrong, apparently by Friday or next Monday they are due to decide on the Preferred Bidder, obviously present it to EFL etc. Maybe name/announce a week or 2 later once EFL satisfied. Quote Link to comment Share on other sites More sharing options...
Davefevs Posted March 24, 2022 Report Share Posted March 24, 2022 6 hours ago, Mr Popodopolous said: Got my last post slightly wrong, apparently by Friday or next Monday they are due to decide on the Preferred Bidder, obviously present it to EFL etc. Maybe name/announce a week or 2 later once EFL satisfied. I can’t wait. Quote Link to comment Share on other sites More sharing options...
ExiledAjax Posted March 24, 2022 Report Share Posted March 24, 2022 6 hours ago, Mr Popodopolous said: Got my last post slightly wrong, apparently by Friday or next Monday they are due to decide on the Preferred Bidder, obviously present it to EFL etc. Maybe name/announce a week or 2 later once EFL satisfied. I enjoyed this post on DCFC. 8 Quote Link to comment Share on other sites More sharing options...
downendcity Posted March 24, 2022 Report Share Posted March 24, 2022 16 minutes ago, ExiledAjax said: I enjoyed this post on DCFC. Quantuma have bought in an academic to help explain the situation spoken to clarify the situation....... 6 Quote Link to comment Share on other sites More sharing options...
chinapig Posted March 24, 2022 Report Share Posted March 24, 2022 17 minutes ago, ExiledAjax said: I enjoyed this post on DCFC. Yes, excellent post there. A model of how to be perfectly clear about how perfectly unclear things are. Quote Link to comment Share on other sites More sharing options...
slartibartfast Posted March 24, 2022 Report Share Posted March 24, 2022 (edited) 2 hours ago, downendcity said: Quantuma have bought in an academic to help explain the situation spoken to clarify the situation....... Are you sitting comfybold two square on your botty, then we'll begin ..... (four points, and a full government pension if you know what that's from) Edited March 24, 2022 by slartibartfast Quote Link to comment Share on other sites More sharing options...
Derby_Ram Posted March 24, 2022 Report Share Posted March 24, 2022 Thanks for the amusement catching up on a couple of weeks worth of posts on this thread. Pretty confident some of you lot spend more than time Quantuma looking into us. According to the Daily Telegraph 3 live bids in ahead of tomorrow with Appleby - always known to be one of the still interested three previously - fighting to be able to be able to get a fourth in place. However the bids would still incur a deduction next season as expected. The three current bids without Appleby being one is a little perplexing. Unfounded rumours have mentioned Mel's name which I fear would lead to me spontaneously combusting. Anyway, expect a preferred bidder to be announced in the next 12 months. 5 4 Quote Link to comment Share on other sites More sharing options...
chinapig Posted March 25, 2022 Report Share Posted March 25, 2022 10 hours ago, Derby_Ram said: Thanks for the amusement catching up on a couple of weeks worth of posts on this thread. Pretty confident some of you lot spend more than time Quantuma looking into us. According to the Daily Telegraph 3 live bids in ahead of tomorrow with Appleby - always known to be one of the still interested three previously - fighting to be able to be able to get a fourth in place. However the bids would still incur a deduction next season as expected. The three current bids without Appleby being one is a little perplexing. Unfounded rumours have mentioned Mel's name which I fear would lead to me spontaneously combusting. Anyway, expect a preferred bidder to be announced in the next 12 months. 12 months is comfortably within Quantuma's definition of imminent after all. 3 Quote Link to comment Share on other sites More sharing options...
Lanterne Rouge Posted March 25, 2022 Report Share Posted March 25, 2022 3 hours ago, chinapig said: 12 months is comfortably within Quantuma's definition of imminent after all. No, 12 months is classed as `urgent` in the Quantuma timescale. Imminent means sometime before hell freezing over. 1 Quote Link to comment Share on other sites More sharing options...
REDOXO Posted March 25, 2022 Report Share Posted March 25, 2022 The idea of Morris being involved in one or more of the bids is nothing short of bizarre, but completely unsurprising. The current rule (and I only know this from here) of you can not have two bankruptcies, in theory I guess, means he could be back. However imagine the EFL being told that Morris is a backer of the preferred bid, when they have stopped laughing, the scramble to the rule book would be fun to watch. Also any thought of HMRC cutting them a deal outside of time to pay can be completely discarded. The other thing that I would be wondering is how close to not meeting EFL membership requirements will the bid be! -15 seems to be the expectation. However this now strikes me as the game of chicken being played is at do or die and at what level are the EFL going to bend their rules for Derby under pressure from politicians et al! Quote Link to comment Share on other sites More sharing options...
Sir Geoff Posted March 25, 2022 Report Share Posted March 25, 2022 51 minutes ago, REDOXO said: The idea of Morris being involved in one or more of the bids is nothing short of bizarre, but completely unsurprising. The current rule (and I only know this from here) of you can not have two bankruptcies, in theory I guess, means he could be back. However imagine the EFL being told that Morris is a backer of the preferred bid, when they have stopped laughing, the scramble to the rule book would be fun to watch. Also any thought of HMRC cutting them a deal outside of time to pay can be completely discarded. The other thing that I would be wondering is how close to not meeting EFL membership requirements will the bid be! -15 seems to be the expectation. However this now strikes me as the game of chicken being played is at do or die and at what level are the EFL going to bend their rules for Derby under pressure from politicians et al! Can't see the EFL bending any rules, particularly as they are answerable to 71 other clubs and one of the board members is a QC. This all has to be strictly by the book or repercussions will go on for years. 1 Quote Link to comment Share on other sites More sharing options...
Midred Posted March 25, 2022 Report Share Posted March 25, 2022 Haven't people been saying this for the last couple of seasons? Amazing how much more amenable the authorities can be with the 'big' clubs? Efl with Derby and now the PL with Everton! Quote Link to comment Share on other sites More sharing options...
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