BTRFTG Posted January 21, 2022 Report Share Posted January 21, 2022 3 minutes ago, Davefevs said: Which if the EFL then held your registration, wanted a fee, etc….would seem a bit unfair. Unless they paid wgat was due out if any fee??? Reg 66 seems pretty specific that it's club payments outstanding they'll cover, not player wages. That's my point about players being constrained (by contract?) without consideration. Makes no sense to me. 1 Quote Link to comment Share on other sites More sharing options...
BTRFTG Posted January 21, 2022 Report Share Posted January 21, 2022 I see Dylan Williams is reported to have been sold for decent money despite having played few first team matches I wonder if that's to do with him being on a second year scholar's contract out of the Academy such if they go bust he immediately goes on a free? 1 Quote Link to comment Share on other sites More sharing options...
Monkeh Posted January 21, 2022 Report Share Posted January 21, 2022 1 hour ago, Hxj said: I think you need to show an actual restraint for there to be a case, plus I suspect that in all cases it is cheaper to pay a sum to the EFL than fight matters through the courts. After all players and, more importantly, agents need to get paid! The pfa not the efl pick up that tab don't they Quote Link to comment Share on other sites More sharing options...
BTRFTG Posted January 21, 2022 Report Share Posted January 21, 2022 (edited) 6 minutes ago, Monkeh said: The pfa not the efl pick up that tab don't they I think at lower levels they do but there's no binding obligation on them so to do, it's hardship payments. But in those cases most players are given their contracts to work elsewhere. Wonder what would happen for somebody on £30k per week? Edited January 21, 2022 by BTRFTG Quote Link to comment Share on other sites More sharing options...
Monkeh Posted January 21, 2022 Report Share Posted January 21, 2022 (edited) 3 minutes ago, BTRFTG said: I think at lower levels they do but there's no binding obligation on them so to do, it's hardship payments. But in those cases most players are given their contracts to work elsewhere. Wonder what would happen for somebody on £30k per week? We are lower level ie not a prem club, And the pfa is the players union same rules apply to Salford players as it does to Chelsea players who happen to be members of the pfa, That's not to say there isn't a threshold ie the players pay the first 5k of the wage I guess Edited January 21, 2022 by Monkeh Quote Link to comment Share on other sites More sharing options...
BTRFTG Posted January 21, 2022 Report Share Posted January 21, 2022 3 minutes ago, Monkeh said: We are lower level ie not a prem club, And the pfa is the players union same rules apply to Salford players as it does to Chelsea players who happen to be members of the pfa, That's not to say there isn't a threshold ie the players pay the first 5k of the wage I guess I doubt few amongst the £30+ million on our wage bill could be described as requiring 'hardship' payments. That said, if the players here ever needed use of a food bank there's a two decades out of date tin of mixed fruit with CoDs name on it at the back of one of my cupboards. Quote Link to comment Share on other sites More sharing options...
Davefevs Posted January 21, 2022 Report Share Posted January 21, 2022 4 minutes ago, BTRFTG said: I doubt few amongst the £30+ million on our wage bill could be described as requiring 'hardship' payments. That said, if the players here ever needed use of a food bank there's a two decades out of date tin of mixed fruit with CoDs name on it at the back of one of my cupboards. You individually name you tins of mixed fruit? 1 Quote Link to comment Share on other sites More sharing options...
Monkeh Posted January 21, 2022 Report Share Posted January 21, 2022 1 minute ago, Davefevs said: You individually name you tins of mixed fruit? He's waiting to throw it at cod Quote Link to comment Share on other sites More sharing options...
BTRFTG Posted January 21, 2022 Report Share Posted January 21, 2022 5 minutes ago, Davefevs said: You individually name you tins of mixed fruit? Not normally, but this one's puffed-up, nobody really likes it, it's well past it's best by date so I named it CoD. 2 Quote Link to comment Share on other sites More sharing options...
BTRFTG Posted January 21, 2022 Report Share Posted January 21, 2022 7 minutes ago, Monkeh said: He's waiting to throw it at cod He'd likely throw it back so should you sit 8 rows distant from me in the Dolman, watch out...... 2 Quote Link to comment Share on other sites More sharing options...
Hxj Posted January 21, 2022 Report Share Posted January 21, 2022 (edited) Looks like a resolution is on the table - Binnie family have bid - they are the family behind Carlisle Capital - £30 odd million - excluding Pride Park Edited January 21, 2022 by Hxj Quote Link to comment Share on other sites More sharing options...
Monkeh Posted January 21, 2022 Report Share Posted January 21, 2022 5 minutes ago, Hxj said: Looks like a resolution is on the table - Binnie family have bid - they are the family behind Carlisle Capital - £30 odd million - excluding Pride Park Not yet, its just a bid at this stage It's got to be accepted, They have to prove they have the funds They have to pass the owners test Hopefully good news for the club but 30 million? It was only yesterday they were talking about 50 and 60 million bids Quote Link to comment Share on other sites More sharing options...
Hxj Posted January 21, 2022 Report Share Posted January 21, 2022 1 minute ago, Monkeh said: It was only yesterday they were talking about 50 and 60 million bids I think that there is a £20 million discount for not buying Pride Park. Quote Link to comment Share on other sites More sharing options...
ExiledAjax Posted January 21, 2022 Report Share Posted January 21, 2022 15 minutes ago, Hxj said: Looks like a resolution is on the table - Binnie family have bid - they are the family behind Carlisle Capital - £30 odd million - excluding Pride Park Binnie/Carlisle were linked back in October. Quote Link to comment Share on other sites More sharing options...
Ska Junkie Posted January 21, 2022 Report Share Posted January 21, 2022 £28M doesn't even cover the HMRC debt does it? Quote Link to comment Share on other sites More sharing options...
ExiledAjax Posted January 21, 2022 Report Share Posted January 21, 2022 Just now, Ska Junkie said: £28M doesn't even cover the HMRC debt does it? Could feasibly cover an initial payment to HMRC, with subsequent payments to be paid by other means. Not that we have heard of a definite deal with HMRC on those terms. This is just my speculation. 1 Quote Link to comment Share on other sites More sharing options...
Hxj Posted January 21, 2022 Report Share Posted January 21, 2022 (edited) 7 minutes ago, Ska Junkie said: £28M doesn't even cover the HMRC debt does it? It appears to be the minimum amount needed to cover the MSD Administration Loan (say £5m), Administrators Fees and Costs (say £3m), Football Creditors in full (say £10m), 25% to everyone else (£10m out of £40m). Still needs a CVA or a reconstruction. If HMRC say 'no' it won't happen. Edited January 21, 2022 by Hxj 1 1 Quote Link to comment Share on other sites More sharing options...
Ska Junkie Posted January 21, 2022 Report Share Posted January 21, 2022 (edited) 7 minutes ago, Hxj said: It appears to be the minimum amount needed to cover the MSD Administration Loan (say £5m), Administrators Fees and Costs (say £3m), Football Creditors in full (say £10m), 25% to everyone else (£10m out of £40m). Still needs a CVA or a reconstruction. If HMRC say 'no' it won't happen. Why, with all possible respect, would the HMRC accept 25% Hxj? It's a very dangerous precedent isn't it? I guess, if, god forbid, you did liquidate, they would get nothing but wouldn't it leave every club the possibility of doing the same thing i.e. not pay the tax man? That said, I wish Derby well. Edited January 21, 2022 by Ska Junkie Quote Link to comment Share on other sites More sharing options...
Hxj Posted January 21, 2022 Report Share Posted January 21, 2022 1 minute ago, Ska Junkie said: would the HMRC accept 25% Hxj? If they follow their published position they will vote 'no' in a CVA and they are owed more than enough to stop any CVA happening. They fought long and hard to get their 'Preferential' status back so I doubt that they will want to roll over at the first hurdle. That said MPs will be all over HMRC's senior management. 2 Quote Link to comment Share on other sites More sharing options...
BTRFTG Posted January 21, 2022 Report Share Posted January 21, 2022 (edited) 32 minutes ago, Hxj said: It appears to be the minimum amount needed to cover the MSD Administration Loan (say £5m), Administrators Fees and Costs (say £3m), Football Creditors in full (say £10m), 25% to everyone else (£10m out of £40m). Still needs a CVA or a reconstruction. If HMRC say 'no' it won't happen. I thought MSD were owed £20m (£15m + recent loans) and other football creditors around £10m. HMRC was around £28m and Morris himself around £124m. Is there any suggestion that MSD take the ground in lieu of debt with Morris writing off all his debt? If so, I suppose an injection of around £30 could be a starting point but that's a massive 'if' and still assumes HMRC will cut a deal. That said I guess HMRC would recoup more by taking 50% than they would becoming a preferential creditor. But £30m is a lot for a Div 1 outfit with no ground. Edited January 21, 2022 by BTRFTG 1 Quote Link to comment Share on other sites More sharing options...
REDOXO Posted January 21, 2022 Report Share Posted January 21, 2022 30 mil for no ground 28 mil in HMRC debt no prospect of a deal with Gibbo and Wycombe and a wedge load of creditors, Laughable. There has to be something more. Quote Link to comment Share on other sites More sharing options...
Lanterne Rouge Posted January 21, 2022 Report Share Posted January 21, 2022 3 hours ago, Hxj said: If they follow their published position they will vote 'no' in a CVA and they are owed more than enough to stop any CVA happening. They fought long and hard to get their 'Preferential' status back so I doubt that they will want to roll over at the first hurdle. That said MPs will be all over HMRC's senior management. Isn`t the 25% to HMRC up front the only way they will agree to a payment plan? 1 Quote Link to comment Share on other sites More sharing options...
Hxj Posted January 21, 2022 Report Share Posted January 21, 2022 3 hours ago, BTRFTG said: I thought MSD were owed £20m (£15m + recent loans) and other football creditors around £10m. HMRC was around £28m and Morris himself around £124m. After a short break MSD is £20m in the Statement of Affairs for the Administration, plus the loan since then. Morris is owed nothing by the Football Club, his debt comes in at the ultimate parent. I'd assume that any transaction is at the Football Club level. Quote Link to comment Share on other sites More sharing options...
Davefevs Posted January 21, 2022 Report Share Posted January 21, 2022 3 hours ago, ExiledAjax said: Binnie/Carlisle were linked back in October. Ooooh, heaven is a place on earth! i go weak with this pun! Quote Link to comment Share on other sites More sharing options...
The Batman Posted January 21, 2022 Report Share Posted January 21, 2022 (edited) Was otib down or did nobody post anything for 2 hours? Literally nobody in any thread or topic Edited January 21, 2022 by The Batman Quote Link to comment Share on other sites More sharing options...
Lanterne Rouge Posted January 21, 2022 Report Share Posted January 21, 2022 Just now, The Batman said: Was otib down or did nobody post anything for 2 hours? Woss reckon? Do you really think any of us could go two hours without giving the forum the benefit of our wisdom? 1 1 Quote Link to comment Share on other sites More sharing options...
Hxj Posted January 21, 2022 Report Share Posted January 21, 2022 2 minutes ago, Lanterne Rouge said: Isn`t the 25% to HMRC up front the only way they will agree to a payment plan? No - they can be remarkably flexible in the right circumstances. 1 Quote Link to comment Share on other sites More sharing options...
ExiledAjax Posted January 21, 2022 Report Share Posted January 21, 2022 21 minutes ago, The Batman said: Was otib down or did nobody post anything for 2 hours? Literally nobody in any thread or topic I tried to post, but the EFL blocked me. 1 Quote Link to comment Share on other sites More sharing options...
Midred Posted January 21, 2022 Report Share Posted January 21, 2022 4 hours ago, Hxj said: I think that there is a £20 million discount for not buying Pride Park. Possibility that they're going to share Matlock Town's ground? Quote Link to comment Share on other sites More sharing options...
AnotherDerbyFan Posted January 21, 2022 Report Share Posted January 21, 2022 7 hours ago, BTRFTG said: I see Dylan Williams is reported to have been sold for decent money despite having played few first team matches I wonder if that's to do with him being on a second year scholar's contract out of the Academy such if they go bust he immediately goes on a free? Decent money isn't £500k. Stuck on a scholarship contract as a professional contract would have meant he was unavailable for the first team. Crazy rules. It basically left the club with the choice of accepting an offer now or letting it go to tribunal. That takes us to 6 youngsters who have left to join Man City, Man Utd, Liverpool and Chelsea over the past 3 seasons for a combined £3m. Quote Link to comment Share on other sites More sharing options...
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