Derby County

[Mr Popodopolous]

2 hours ago, billywedlock said:

Ashley to now walk in on his terms to save the club. 

So long as the Football League don't compromise on theirs!

Put another way, Ashley or Kirchner- 2 year or if it's the 3 year payment=3 year business plan...not meeting minimum EFL Insolvency requirements=-15 at the appropriate time- if wages not paid for any month until the Agreed Decision expires then then the agreed -3, stadium ownership must fall within FFP requirements- no watering down of anything for Ashley, Kirchner- or Uncle Tom Cobley and all.

Edited June 8, 2022 by Mr Popodopolous

[Mr Popodopolous]

EFL reportedly has a 'rescue culture'.

Don't want clubs to go bust but surely fixture list and divisional decisions are the key dates? Maybe the EFL should give them a hard deadline of a fortnight ie until the fixtures released in order to get either this deal or another deal definitively the line or membership has to be really in question.

Worth also noting that the club, parent, top company and subsidiaries of the top company still have deigned not to release any accounts since Spring 2019- for season of 2017/18, period ending 30th June 2018!

Derby fans say the Football League should show some sense and let them renew certain contracts, sign certain players etc once takeover provisonally agreed...I would have a different take. None of that until all Embargo reasons cleared- then you progress to the Business Plan. It would teach clubs a valuable lesson in not withholding accounts- to do the opposite would be the tail wagging the dog.

Edited June 8, 2022 by Mr Popodopolous

[Sir Geoff]

1 hour ago, Hxj said:

Regulation 11.2.3 currently applies as stated by @Monkeh

11.2        Cessation of membership. Following any Club’s cessation of membership of The League for any reason ...

11.2.3    during the period between the conclusion of the last Play-Off Match and the start of the following Season:

(a)           its playing record for the immediately preceding Season shall not be expunged;

(b)           the Division in which it would have played in the next following Season shall operate with a reduced number of Clubs; and

(c)           the number of relegation places from the Division in which the Club would have played in the following Season but for its cessation of membership shall be reduced by:

(i)            the number of Clubs that have ceased to be members in that Division, and

(ii)           the number of Clubs ceasing to be members in any higher Division (if any); and

(d)           the principles of Regulation 11.2.2(b) shall apply in each of the Divisions below that Division.

 

Whether there is time to make any other changes will depend upon lots of people agreeing.

 

Re some of the above comments stating EFL should throw Derby out of the league, I don't think that is possible after the 'Golden share' has been issued. I believe, but can't find it on EFL website, that this is done on 31st May. Therefore Derby would have to resign rather than be thrown out. I stand to be corrected.

Edited June 8, 2022 by Sir Geoff
spelling

[BTRFTG]

3 minutes ago, Sir Geoff said:

Re some of the above comments stating EFL should throw Derby out of the league, I don't think that is possible after the 'Golden share' has been issued. I believe, but can't find it on EFL website, that this is done on 31st May. Therefore Derby would have to resign rather than be thrown out. 

Derby's share and their membership is in breach during administration and remains so unless they can demonstrate reasons for it to be reinstated. From memory I think they are already subject to expulsion but that has finally to be ratified, hence the EFL setting conditions for their reinstatement, none of which have been met.

[Mr Popodopolous]

If it is £20m he is sticking in, well supposed to be sticking in then that would be to cover what exactly?

I am unsure that 35p in the £ in 3 years is £20m or less- put another way what is the minimum requirement £ wise for Derby to avoid -15 in League 1? 25p in the £ up front or 35p in the £ in 3 years for the relevant categories was the choice IIRC.

Edited June 8, 2022 by Mr Popodopolous

[glynriley]

3 hours ago, CyderInACan said:

If the EFL have any cojones, Derby are done and will have to start again on the (Derbyshire) Downs. Bye bye. 

And probably still end up back in the top flight before us...

[Hxj]

27 minutes ago, Sir Geoff said:

I don't think that is possible after the 'Golden share' has been issued. I believe, but can't find it on EFL website, that this is done on 31st May.

The share matters are dealt with under the Articles of Association of Football League Limited (The) available on the Companies House website (search for company number 00080612).

My understanding is that Derby have, because of the default under Article 4.7.4, already been served Notice under Article 4.8, with the notice being suspended under that Article.  It takes 14 days to activate the removal of the share and therefore expulsion from the league.

Edited June 8, 2022 by Hxj

[Mr Popodopolous]

Interesting Tweet by Craig Hope.

 

[ExiledAjax]

4 minutes ago, BTRFTG said:

Derby's share and their membership is in breach during administration and remains so unless they can demonstrate reasons for it to be reinstated. From memory I think they are already subject to expulsion but that has finally to be ratified, hence the EFL setting conditions for their reinstatement, none of which have been met.

Yep they are on notice of expulsion  and have been for months. This has effectively on permanent extension pending resolution of this mess (by whatever route).

@Hxj has set out the relevant clauses.

[Davefevs]

17 minutes ago, Mr Popodopolous said:

Interesting Tweet by Craig Hope.

 

Which is what one or two on here questioning back in November / December when Kirchner was quibbling on the price…that if he had as much money as he suggested what was another £x million.

[BTRFTG]

19 minutes ago, Mr Popodopolous said:

If it is £20m he is sticking in, well supposed to be sticking in then that would be to cover what exactly?

I am unsure that 35p in the £ in 3 years is £20m or less- put another way what is the minimum requirement £ wise for Derby to avoid -15 in League 1? 25p in the £ up front or 35p in the £ in 3 years for the relevant categories was the choice IIRC.

Accounts, eh, why have them?

Last I heard Derby's position was something like:

Admin Exit costs @£4m;

Preferential football debt largely paid off through recent player disposals;

Secured debt to MSD @£24m, though this could be resolved by taking collateral assets not owned by the club itself, rather in Morris' control;

HMRC debt @£36m;

Non preferential debt @£7m (the bit that requires 25-35% repayment.)

There's also the mysterious payments made in the past two months that have kept the club afloat, though nobody's letting on who's made them and upon what basis (loan secured or otherwise, 'football loan' or gift?) Could be these, too, require repayment.

Of course settling the above you'd get a ramshackle squad, the name and sod all else.

 

[Midred]

3 hours ago, Davefevs said:

If a decision was to be made quickly, then options re league structure for next season could be opened up, e.g. offer promotion to x, non-relegation to y, etc.  but would need to be done quickly.

We are talking about thr efl here?

[PHILINFRANCE]

There is talk of Q meeting with Derbyshire MPs this afternoon.

Any consequent statement might be interesting.

[ExiledAjax]

10 minutes ago, PHILINFRANCE said:

There is talk of Q meeting with Derbyshire MPs this afternoon.

Any consequent statement might be interesting.

Strap in for a return to the traditional Friday Public Statement exchange later in the week then.

[Sir Geoff]

4 minutes ago, ExiledAjax said:

Strap in for a return to the traditional Friday Public Statement exchange later in the week then.

When, no doubt, it will be announced that another deadline is imminent.

[Mr Popodopolous]

Just on the- and I'm a broken record- accounts bits...

Derby County FC- The club

Club DCFC- Hospitality related.

Derby County Academy- The academy

Stadia DCFC- Sponsorship and Broadcasting as per an old Kieran Maguire tweet.

Sevco 5112- The consolidator up to and including 2018/19?

Gellaw Newco 203- The consolidator from summer 2019?

Apologies for the mammoth post but a picture truly speaks a thousand words...how they were allowed to get away with so much for so long is baffling.

[East Londoner]

56 minutes ago, Mr Popodopolous said:

Just on the- and I'm a broken record- accounts bits...

Derby County FC- The club

Club DCFC- Hospitality related.

Derby County Academy- The academy

Stadia DCFC- Sponsorship and Broadcasting as per an old Kieran Maguire tweet.

Sevco 5112- The consolidator up to and including 2018/19?

Gellaw Newco 203- The consolidator from summer 2019?

Apologies for the mammoth post but a picture truly speaks a thousand words...how they were allowed to get away with so much for so long is baffling.

They are founder members don’t you know 

[Hxj]

Not looking good.

 

[Lanterne Rouge]

So, can we assume that Kirchner will now go from the new messiah to the devil incarnate and, more importantly, be added to Ze List?

[Davefevs]

2 minutes ago, Lanterne Rouge said:

So, can we assume that Kirchner will now go from the new messiah to the devil incarnate and, more importantly, be added to Ze List?

Mr P is still above him on Ramsforum.com

[Lanterne Rouge]

1 minute ago, Davefevs said:

Mr P is still above him on Ramsforum.com

And rightly so, Kirchner`s just some Johnny-come-lately in all of this, @Mr Popodopoloushas been there from the start and is in it for the long haul!

[View from the Dolman]

 

[ExiledAjax]

27 minutes ago, View from the Dolman said:

 

The fact he's taking part in that Saudi sportswashing junket tells you enough.

[Davefevs]

 

[Loosey Boy]

1 hour ago, Davefevs said:

 

All set for Mr Ashley to swoop in and “save the day” !!!

[Monkeh]

5 hours ago, Mr Popodopolous said:

Just on the- and I'm a broken record- accounts bits...

Derby County FC- The club

Club DCFC- Hospitality related.

Derby County Academy- The academy

Stadia DCFC- Sponsorship and Broadcasting as per an old Kieran Maguire tweet.

Sevco 5112- The consolidator up to and including 2018/19?

Gellaw Newco 203- The consolidator from summer 2019?

Apologies for the mammoth post but a picture truly speaks a thousand words...how they were allowed to get away with so much for so long is baffling.

They aren't, they are in danger of being struck off if they don't submit soon

[BTRFTG]

11 minutes ago, Monkeh said:

They aren't, they are in danger of being struck off if they don't submit soon

I believe, though stand to be corrected, that once in administration one doesn't need to file annual accounts to CH.

[Davefevs]

14 minutes ago, BTRFTG said:

I believe, though stand to be corrected, that once in administration one doesn't need to file annual accounts to CH.

That is what others have said on this thread too.

[cityexile]

 

[CyderInACan]

37 minutes ago, cityexile said:

 

What have Dick & Dom got to do with it?