Derby County

[lenred]

7 minutes ago, Davefevs said:

My dad wouldn’t release a job because Maxwell had stopped a cheque.  The finance director said he’d pay once the job had been received.  My dad dug his heels in.  FD shit himself because he’d have to tell Maxwell the job would be late.  A new cheque was couriered down, dad took it to the bank, asked for it to be specially presented.  Next day Bank confirmed it as paid, Dad released the job to be couriered to Maxwell’s company.

Next day, FD phones up to say he’d received the job, but they were gonna stop the cheque and have to pay later.  My dad told him he had paid the bank to have it specially presented and it had been “paid” by Maxwell’s bankers, so a stop wouldn’t work.  FD shit himself again.

 

Great work Mr Fevs! 

[BTRFTG]

52 minutes ago, Davefevs said:

My dad wouldn’t release a job because Maxwell had stopped a cheque.  The finance director said he’d pay once the job had been received.  My dad dug his heels in.  FD shit himself because he’d have to tell Maxwell the job would be late.  A new cheque was couriered down, dad took it to the bank, asked for it to be specially presented.  Next day Bank confirmed it as paid, Dad released the job to be couriered to Maxwell’s company.

Next day, FD phones up to say he’d received the job, but they were gonna stop the cheque and have to pay later.  My dad told him he had paid the bank to have it specially presented and it had been “paid” by Maxwell’s bankers, so a stop wouldn’t work.  FD shit himself again.

 

Sounds about right.

[Midred]

1 hour ago, Davefevs said:

My dad wouldn’t release a job because Maxwell had stopped a cheque.  The finance director said he’d pay once the job had been received.  My dad dug his heels in.  FD shit himself because he’d have to tell Maxwell the job would be late.  A new cheque was couriered down, dad took it to the bank, asked for it to be specially presented.  Next day Bank confirmed it as paid, Dad released the job to be couriered to Maxwell’s company.

Next day, FD phones up to say he’d received the job, but they were gonna stop the cheque and have to pay later.  My dad told him he had paid the bank to have it specially presented and it had been “paid” by Maxwell’s bankers, so a stop wouldn’t work.  FD shit himself again.

 

FD?

[SBB]

1 hour ago, Davefevs said:

My dad wouldn’t release a job because Maxwell had stopped a cheque.  The finance director said he’d pay once the job had been received.  My dad dug his heels in.  FD shit himself because he’d have to tell Maxwell the job would be late.  A new cheque was couriered down, dad took it to the bank, asked for it to be specially presented.  Next day Bank confirmed it as paid, Dad released the job to be couriered to Maxwell’s company.

Next day, FD phones up to say he’d received the job, but they were gonna stop the cheque and have to pay later.  My dad told him he had paid the bank to have it specially presented and it had been “paid” by Maxwell’s bankers, so a stop wouldn’t work.  FD shit himself again.

 

What was your Dads company, Dave? If you don’t mind me asking. In the print trade myself. 

[Port Said Red]

1 minute ago, Midred said:

FD?

Finance Director?

[Davefevs]

1 hour ago, Port Said Red said:

Finance Director?

Yes.

[Bristol Rob]

2 hours ago, Davefevs said:

My dad wouldn’t release a job because Maxwell had stopped a cheque.  The finance director said he’d pay once the job had been received.  My dad dug his heels in.  FD shit himself because he’d have to tell Maxwell the job would be late.  A new cheque was couriered down, dad took it to the bank, asked for it to be specially presented.  Next day Bank confirmed it as paid, Dad released the job to be couriered to Maxwell’s company.

Next day, FD phones up to say he’d received the job, but they were gonna stop the cheque and have to pay later.  My dad told him he had paid the bank to have it specially presented and it had been “paid” by Maxwell’s bankers, so a stop wouldn’t work.  FD shit himself again.

 

Remember reading a story (and I might have this slightly wrong) about Maxwell giving a decorator an absolute earful for smoking whilst working, and made the on the whim decision to sack him there and then.

Brief negotiation followed and the sacked bloke (who had just finished the job and was an employee of a firm of decorators, not Maxwell), left the building with about a month's worth of money and just carried on with his career, his employer none the wiser that someone who he didn't work for had tried to sack him from a job he didn't have.

[REDOXO]

3 hours ago, Davefevs said:

My dad had dealings with Maxwell (not directly) in the 80s in the printing business.  Maxwell was feared by his employees. Nasty piece of business.

Unlike his daughter who is sweetness and light. Does a lot for youngsters I’m led to believe. 

[Midred]

18 minutes ago, Davefevs said:

Yes.

Not Fevdaves then?

[Davefevs]

1 minute ago, Midred said:

Not Fevdaves then?

 NO, I haven’t shit myself for a long time, bar that nasty Notovirus.

[Hxj]

So the latest progress after the meeting between the EFL, Quantuma and MPs is - no progress.

Accounts publication deadline is Monday.

[Clevedon Red]

4 hours ago, Davefevs said:

My dad had dealings with Maxwell (not directly) in the 80s in the printing business.  Maxwell was feared by his employees. Nasty piece of business.

Took my father in laws pension. maxwell… or your Dad.

[Southport Red]

57 minutes ago, Clevedon Red said:

Took my father in laws pension. maxwell… or your Dad.

Same here. Growing up in Midsomer Norton, there were a lot of Purnells workers around that got totally stitched up by Maxwell. 

[REDOXO]

1 hour ago, Hxj said:

So the latest progress after the meeting between the EFL, Quantuma and MPs is - no progress.

Accounts publication deadline is Monday.

Any link? 

[ExiledAjax]

Rooney did confirm no players would be sold before Monday's transfer deadline. That news comes amid interest in skipper Tom Lawrence from promotion-chasing Bournemouth.

"I have spoken to Tom," said Rooney. "His agent was speaking with the administrators. He is the captain of the club and has had a fantastic season. There is no issue with me and Tom. The administrators have assured me he won't be going. That is that."

So Lawrence is off then.

https://www.bbc.com/sport/football/60173135

[BTRFTG]

8 minutes ago, ExiledAjax said:

Rooney did confirm no players would be sold before Monday's transfer deadline. That news comes amid interest in skipper Tom Lawrence from promotion-chasing Bournemouth.

"I have spoken to Tom," said Rooney. "His agent was speaking with the administrators. He is the captain of the club and has had a fantastic season. There is no issue with me and Tom. The administrators have assured me he won't be going. That is that."

So Lawrence is off then.

https://www.bbc.com/sport/football/60173135

Funny that reports today say administrators told Bomo their £250k in installments had to be £500k paid in full, immediately.

Perchance Wayne isn't being fully kept abreast of matters......

[Davefevs]

26 minutes ago, Southport Red said:

Same here. Growing up in Midsomer Norton, there were a lot of Purnells workers around that got totally stitched up by Maxwell. 

Yes, dads company did a fair bit of work for Purnells. 
 

 

 

[ExiledAjax]

1 minute ago, BTRFTG said:

Perchance Wayne isn't being fully kept abreast of matters......

You mean that famed insolvency practitioner, part-time football manager, and saviour of Derby and all those who sail in her Wayne Rooney might not have a complete grasp of all the nuances of a complicated football administration and might not be told everything by the administrators?

Shocking if true.

[Hxj]

20 minutes ago, REDOXO said:

Any link? 

Nope - technology has failed me.

Amanda Solloway MP was on BBC Radio Derby around 11:10 am.

[Red-Robbo]

31 minutes ago, Southport Red said:

Same here. Growing up in Midsomer Norton, there were a lot of Purnells workers around that got totally stitched up by Maxwell. 

 

My dad was interviewed by him for a job at Oxford United which, thank ****, he decided not to take. 

[BTRFTG]

32 minutes ago, Red-Robbo said:

 

My dad was interviewed by him for a job at Oxford United which, thank ****, he decided not to take. 

OTOH there were plenty who exploited Cptn Bob's megalomaniac desire for attention and power and did very well for themselves on the back of it, not all of whom were senior staff members.

His brown envelopes to printers every important edition were famed. I knew one old 'Kodjia' who spent his Saturdays drinking in a local watering hole (empty at weekends.) His sole function was to open the roof door to the helipad at 6pm each Saturday night when Bob arrived to review the first stones of the Mirror & People's Sunday pages. He then locked up when Bob left 50 mins later. For that he picked up in the region of £250 (this being mid 80s).

Edited January 28, 2022 by BTRFTG

[Midred]

29 minutes ago, Davefevs said:

Yes, dads company did a fair bit of work for Purnells. 
 

 

 

Business ambassador? What a state Derby city must be in!

[chinapig]

41 minutes ago, Midred said:

Business ambassador? What a state Derby city must be in!

Presumably a matter of time before they sell Derby Council House to Mel with local council tax payers saying what a genius he is. Shortly before the city goes bust.

And it will all be the EFL's fault.

[Mr Popodopolous]

Apologies for the source- ie the website- but Nixon has been rather good on FFP matters and Derby issues since the new rules came in.

https://www.thesun.co.uk/sport/football/17471890/derby-rushing-legal-compensation-sell-club/

Looks like the Middlesbrough and Wycombe cases WILL have to be heard, possibly via the arbitration mechanism- all credit to the EFL for not folding! Could well resolve it but very glad that justice will be done either way and the spurious attempts to get the cases thrown out before even being heard might have failed.

Edited January 28, 2022 by Mr Popodopolous

[Davefevs]

1 hour ago, BTRFTG said:

OTOH there were plenty who exploited Cptn Bob's megalomaniac desire for attention and power and did very well for themselves on the back of it, not all of whom were senior staff members.

His brown envelopes to printers every important edition were famed. I knew one old 'Kodjia' who spent his Saturdays drinking in a local watering hole (empty at weekends.) His sole function was to open the roof door to the helipad at 6pm each Saturday night when Bob arrived to review the first stones of the Mirror & People's Sunday pages. He then locked up when Bob left 50 mins later. For that he picked up in the region of £250 (this being mid 80s).

I was trying to remember the name Dad used when tell me the story.

[BCFC11]

5 hours ago, Port Said Red said:

Finance Director?

Famara Diedhiou

[Mr Popodopolous]

Little chant for Derby- take it in the spirit it's intended etc but thought it up the other day...it chimes stanza to verse wise.

"E-I-E-I-E-I-O

Out the Football League you go

When you're liquidated

This is what we'll sing

You were Derby- Derby County

Melvyn was your King!"

Too soon?

I don't actually think it'll happen but if they're still in a financial mess in April when we go there...

Edited January 28, 2022 by Mr Popodopolous

[Paulton Red]

My mrs wanted to name our son Maxwell, I pointed out to her the error of her ways

[Bristol Rob]

3 minutes ago, Paulton Red said:

My mrs wanted to name our son Maxwell, I pointed out to her the error of her ways

Quite.

When he gets on the property ladder and buys his first place, people will think he has spent a 6 figure sum on a jar of instant coffee.

[Mr Popodopolous]

Derby fans talk about our lack of understanding- a couple of us have been quoted :laugh:.

Calling others clowns, fair maybe but given their lack of understanding and willingness to try to understand the whole process...it's worth noting the reaction when news filtered through that the EFL were likely to win their appeal. Delve into the archives.

Nixon has called a lot of this, especially the FFP stuff right throughout but how they were sceptical.

Page 25 onwards is quite illuminating- when Nixon's story last May just after the season ended about Derby facing a potentially massive points deduction for the FFP issue.

https://dcfcfans.uk/topic/36136-efl-appeal/page/25/#comments

Settlement meant it was -9, further 3 suspended and a raft of conditions- plus accepting the -12 in administration but the EFL as per breach sizes over the period could have pushed for as many as 17 IMO had it gone to an IDC but quite happy with the overall settlement- and conditions moving forward.

Page 25 onwards is relatively illuminating- granted they did not receive a deduction in 2020/21 but I think there was some scepticism about whether they would get docked points at all. It's a long read but Page 25-89 covers it and the immediate aftermath of the news of the appeal.

Edited January 28, 2022 by Mr Popodopolous

[Monkeh]

On 27/01/2022 at 16:49, chinapig said:

Theoretically maybe. But do you really think the EFL see them as equivalent to Bury? They knew they could let Bury die with very little backlash despite their role in waving through dodgy owners.

Likewise the media whose response to Bury's demise was basically "Oh dear, never mind, ooh look Man Utd have tweeted something we can make a clickbait story out of".

Yes they do see them as the same as Bury and any other member of the efl, burys owners let Bury die not the efl and the same will happen to Derby, it's not for the efl to bail them out

[22A]

I read in today's paper the EFL have decided to give Derby another month to see if they can raise enough money to complete the season.

On one hand the EFL are trying to preserve the solidarity of the League.

On the other hand, one more month is one month nearer the end of the season, so not as much cash needs finding.

[lenred]

43 minutes ago, Mr Popodopolous said:

Little chant for Derby- take it in the spirit it's intended etc but thought it up the other day...it chimes stanza to verse wise.

"E-I-E-I-E-I-O

Out the Football League you go

When you're liquidated

This is what we'll sing

You were Derby- Derby County

Melvyn was your King!"

I don't actually think it'll happen but if they're still in a financial mess in April when we go there...

If I go to the Derby away game I’ll be getting a t-shirt printed up to wear up there with ‘I AM NOT MR POPODOPOLOUS’ on it in big bold letters!

[Davefevs]

4 minutes ago, lenred said:

If I go to the Derby away game I’ll be getting a t-shirt printed up to wear up there with ‘I AM NOT MR POPODOPOLOUS’ on it in big bold letters!

You might need a XXXL to get that surname on!

[Mr Popodopolous]

6 minutes ago, lenred said:

If I go to the Derby away game I’ll be getting a t-shirt printed up to wear up there with ‘I AM NOT MR POPODOPOLOUS’ on it in big bold letters!

Ha I might do similar...clearly they won't go bust anyway so it's moot IMO.

[lenred]

4 minutes ago, Davefevs said:

You might need a XXXL to get that surname on!

Didn’t think that one through did I! 

[lenred]

4 minutes ago, Mr Popodopolous said:

Ha I might do similar...clearly they won't go bust anyway so it's moot IMO.

Hopefully not. But equally hope they have paid their debt or are on the way to doing so.  

[chinapig]

27 minutes ago, Monkeh said:

Yes they do see them as the same as Bury and any other member of the efl, burys owners let Bury die not the efl and the same will happen to Derby, it's not for the efl to bail them out

Of course the owners are responsible and I have not suggested a bail out. But there have been serial failings by the EFL also.

Where the EFL fell down on Bury was approving demonstrably dodgy owners. Parry has admitted they have not demanded enough of prospective owners of clubs and wants a tougher regime.

I also don't recall them putting in anywhere near the time and effort into finding a solution as they are doing for Derby. We all knew there would be a brief fuss then Bury would be forgotten.

And my point about the media stands. If only Wayne Rooney had been Bury manager eh?

On Derby, as Parry has also admitted, they acted far too slowly.

On both counts the rules and processes have been and are being strengthened, which we hope will prevent further cases.

Edited January 28, 2022 by chinapig

[Bristol Rob]

When Bury were going under, I'm sure someone suggested that 'Rooney was on 100k a week and he could save them if he wanted to' (not that it had anything to do with them).

Wonder if there are any business people in Bury who could save Derby.

[Mr Popodopolous]

24 minutes ago, Bristol Rob said:

When Bury were going under, I'm sure someone suggested that 'Rooney was on 100k a week and he could save them if he wanted to' (not that it had anything to do with them).

Wonder if there are any business people in Bury who could save Derby.

Not technically in but was of Bury...

What's this guy up to these days?

[The Batman]

2 hours ago, Davefevs said:

You might need a XXXL to get that surname on!

 

2 hours ago, lenred said:

Didn’t think that one through did I! 

Considering clubs were able to fit Vennegoor of Hesselink on his playing shirt, I think you can fit anything.

[Midred]

15 minutes ago, The Batman said:

 

Considering clubs were able to fit Vennegoor of Hesselink on his playing shirt, I think you can fit anything.

Does the shirt come with a magnifying glass?

[BTRFTG]

3 hours ago, Paulton Red said:

My mrs wanted to name our son Maxwell, I pointed out to her the error of her ways

Maxwell of course being his 6th or 7th surname (it remains unclear....)

[DaveF]

Their debts are believed to be over £60m, the highest ever seen at a Championship club, with potentially £40m more if Wycombe and Middlesborough succeed in their legal claims.

https://www.skysports.com/football/news/11696/12527725/derby-countys-debts-believed-to-be-more-than-60m

[BTRFTG]

3 hours ago, Bristol Rob said:

Quite.

When he gets on the property ladder and buys his first place, people will think he has spent a 6 figure sum on a jar of instant coffee.

You may jest but he deliberately did exactly that. He purchased the building in which we had a leasehold and also the one next door in Fetter Lane, in which he housed his apartment. That he renamed in bold as brass lettering 'Maxwell House'. Never shy of publicity was Cptn Bob.

[chinapig]

I see there is a Guardian editorial on this today:

https://www.theguardian.com/commentisfree/2022/jan/28/the-guardian-view-on-football-governance-there-must-be-no-more-derbys

[SBB]

2 hours ago, chinapig said:

I see there is a Guardian editorial on this today:

https://www.theguardian.com/commentisfree/2022/jan/28/the-guardian-view-on-football-governance-there-must-be-no-more-derbys

Headline probably don’t need the final “s”. 

[REDOXO]

https://www.derbytelegraph.co.uk/sport/football/football-news/derby-county-administration-mp-update-6571795
 

An area MP making a few things clear

1 Derby has massive debts

2 The possible Wycombe/Middlesbrough proportion of the final total amount of debt is not that big

3 The EFL are not in a position to proceed with their duty until there is a preferred bidder which there is not  

4 Mel Morris and the ground ownership is an issue

It has been mentioned that three bidders have met the asking price by Derby supporters, this is clearly not the case as the combined debt is the asking price plus how that plays into stadium ownership.
 

It seems there have been three bids, to the best of my knowledge of between 25 and 30m. As this is just the extent of the HMRC debt an arrangement will have to have been made to clear the total debt. Just forgiving 20 m in tax debt at HMRC is really not an option. 
 

MM taking a personal substantial hit is pretty much the only thing that can save the club at this point..I simply cannot see anyone buying the name of Derby County for bucket loads of money and then being in hock to a stadium owner who is viewed by the EFL at least as DODGY! 

 

[Davefevs]

Paraphrased, Quantuma are far too bullish, and not representing what is actually going on.

[AnotherDerbyFan]

4 hours ago, REDOXO said:

https://www.derbytelegraph.co.uk/sport/football/football-news/derby-county-administration-mp-update-6571795
 

An area MP making a few things clear

1 Derby has massive debts

2 The possible Wycombe/Middlesbrough proportion of the final total amount of debt is not that big

3 The EFL are not in a position to proceed with their duty until there is a preferred bidder which there is not  

4 Mel Morris and the ground ownership is an issue

It has been mentioned that three bidders have met the asking price by Derby supporters, this is clearly not the case as the combined debt is the asking price plus how that plays into stadium ownership.
 

It seems there have been three bids, to the best of my knowledge of between 25 and 30m. As this is just the extent of the HMRC debt an arrangement will have to have been made to clear the total debt. Just forgiving 20 m in tax debt at HMRC is really not an option. 
 

MM taking a personal substantial hit is pretty much the only thing that can save the club at this point..I simply cannot see anyone buying the name of Derby County for bucket loads of money and then being in hock to a stadium owner who is viewed by the EFL at least as DODGY! 

As has been stated many times... non of the interested parties will commit without knowing the full cost (they need to know what Boro and Wycombe will be owed, if anything). No PB can be announced until those claims are dealt with.

The debt owed may be £60m+, but only c£28m needs to be repaid (plus MFC/WWFC). Agreement is in place with HMRC for 25% pending the result of MFC/WWFC arbitration.

MM has said he will "not seek any recovery from the sale of the stadium". Debts owed to him will be written off.

 

Whether you want to believe it or not, the two claims ARE what's blocking Derby from coming out of administration.

[ExiledAjax]

7 minutes ago, AnotherDerbyFan said:

Agreement is in place with HMRC for 25% pending the result of MFC/WWFC arbitration.

Source?

[Hxj]

32 minutes ago, AnotherDerbyFan said:

MM has said he will "not seek any recovery from the sale of the stadium". Debts owed to him will be written off.

I'd say mmmmmmm.

Is that before or after he took the £75 million owed to the football club for the stadium?

[Davefevs]

33 minutes ago, AnotherDerbyFan said:

As has been stated many times... non of the interested parties will commit without knowing the full cost (they need to know what Boro and Wycombe will be owed, if anything). No PB can be announced until those claims are dealt with.

The debt owed may be £60m+, but only c£28m needs to be repaid (plus MFC/WWFC). Agreement is in place with HMRC for 25% pending the result of MFC/WWFC arbitration.

MM has said he will "not seek any recovery from the sale of the stadium". Debts owed to him will be written off.

 

Whether you want to believe it or not, the two claims ARE what's blocking Derby from coming out of administration.

Is that 25% and the rest as a payment plan?

[REDOXO]

38 minutes ago, AnotherDerbyFan said:

As has been stated many times... non of the interested parties will commit without knowing the full cost (they need to know what Boro and Wycombe will be owed, if anything). No PB can be announced until those claims are dealt with.

The debt owed may be £60m+, but only c£28m needs to be repaid (plus MFC/WWFC). Agreement is in place with HMRC for 25% pending the result of MFC/WWFC arbitration.

MM has said he will "not seek any recovery from the sale of the stadium". Debts owed to him will be written off.

 

Whether you want to believe it or not, the two claims ARE what's blocking Derby from coming out of administration.

I guess we are going to see. However you like many believe what you are being told. MM said. Give me a break!

MM has sold you all out and down the river. You honestly think HMRC will write off 75% of the debt permanently. 

How many of Derby County’s creditors are expected to take Penny’s on the pound while Morris walks away. My god there was a whip round for blood St Johns

The person that wants to believe what they are told is you! The EFL has a stated position Wycombe do Middlesbrough (and have done for 18 months) do, Derby/Quantuma prefer to do their pleading/negotiating through local Politicians  

Lord knows what Quantuma have been doing for months but it wasn’t resolving the issues. What they have resorted to in the last few weeks is to mud slinging which has entrenched the positions and led to this, they haven’t got a case diatribe, when there clearly is one that needs to be heard at least, which is why we are where we are where we are even by any myopic standard. Yet it’s all set and Gibson is bastard. 
 

Clearly by your rationale the bidders don’t want to take on unforeseen debt so defacto they think there is a case. 
 

Now it’s up to the prospective buyers to negotiate settlement with Boro and Wycombe as it’s clear Quantuma are not capable and even then I have severe reservations as then there are no further excuses. 

Edited January 29, 2022 by REDOXO

[luke_bristol]

There’s no way the public can accept 75% of the debt being written off to save the club when in three years time they’ll be back in the championship paying £12k a week to mediocre footballers.

[REDOXO]

10 minutes ago, luke_bristol said:

There’s no way the public can accept 75% of the debt being written off to save the club when in three years time they’ll be back in the championship paying £12k a week to mediocre footballers.

They are now. That’s how they got the HMRC debt. The football club paid the players but forgot to pay the tax on those wages. 

[Mr Popodopolous]

2 hours ago, luke_bristol said:

There’s no way the public can accept 75% of the debt being written off to save the club when in three years time they’ll be back in the championship paying £12k a week to mediocre footballers.

 

2 hours ago, REDOXO said:

They are now. That’s how they got the HMRC debt. The football club paid the players but forgot to pay the tax on those wages. 

Unfortunately even though it goes against stated position, even though it chimes very badly against the current tax rises, the need for the Government/HMRC to claw back as much as possible, the 10% NI rise...I can believe it to an extent.

Derbyshire MPs have been making an almighty fuss and there has been a certain amount of emotive nonsense surrounding the Derby situation- I expect those MPs will be, have been lobbying hard.

Mix of emotive nonsense and missing out on future revenue, tax revenue from Derby.

In an unrelated note, Mel donated £10k to the Tories- or more accurately his local MP- in 2017. Nothing to do with it I'm sure.

25% up front and the rest taken direct from income if necessary over 5-10 years plus all current HMRC liabilities to be paid as they fall due seems fair to me. Interest or would it be the lump sum at time of agreement?

A 2 year transfer embargo or soft embargo- perhaps not so soft- on exiting administration is a must UNLESS the prospective new owner decides that they will cover the bulk of the debts.

ie All football creditors, MSD- and say 70p in the £ minimum even to unsecured creditors and certainly to HMRC. Also that would buy significant time and breathing space to pay back the remaining 30%- a new owner coming in and offering to pay 70% of HMRC and unsecured as a start, as well as the obligations like Football Creditors, MSD and administrators fees would make a major change to things. I dare say that unsecured creditors would be more than happy with that!

Plus of course the unknown quantity of the Middlesbrough and Wycombe claims- of course if that is classed as a football creditor and they win then the club can either pay up, or new owner- or the EFL can claw it back from central awards over however many years it takes.

Edited January 30, 2022 by Mr Popodopolous

[Mr Popodopolous]

Nixon isn't sitting on the fence here!!

The initial bit of news he broke.

He comes out swinging with his take! Regardless of the merit of the claims, had Derby not taken the actions they did then this mess wouldn't be ongoing!

 

[REDOXO]

2 hours ago, Mr Popodopolous said:

Nixon isn't sitting on the fence here!!

The initial bit of news he broke.

He comes out swinging with his take! Regardless of the merit of the claims, had Derby not taken the actions they did then this mess wouldn't be ongoing!

 

Again this is a bit nuts. It was mentioned earlier compression would/ could lead to expulsion from the league. The rules have not changed. The bullshit is fluid. 
 

However compressing two claims that have not been defined.  Good luck!

Edited January 30, 2022 by REDOXO

[Mr Popodopolous]

9 hours ago, REDOXO said:

Again this is a bit nuts. It was mentioned earlier compression would/ could lead to expulsion from the league. The rules have not changed. The bullshit is fluid. 
 

However compressing two claims that have not been defined.  Good luck!

Yes agreed. Administrators are desperate though they seem pretty bullish, legal advice says claims have no merit (as per them).

My main point was applause for Nixon. He rightly said that had Derby stuck to the rules, these messes would not be ongoing. That nails it I believe.

[REDOXO]

20 minutes ago, Mr Popodopolous said:

Yes agreed. Administrators are desperate though they seem pretty bullish, legal advice says claims have no merit (as per them).

My main point was applause for Nixon. He rightly said that had Derby stuck to the rules, these messes would not be ongoing. That nails it I believe.

A point I repeatedly try to make. Trusting Mel Morris to do anything that has been stated on his behalf is like waiting for the robber to bring your wife’s handbag back intact. 
 

2-2 Derby. 

Edited January 30, 2022 by REDOXO

[Hxj]

After the weekend, I'd thought that I would update the current points position, forgetting Peterborough and Barnsley for now.

Derby, after a last minute equaliser, are on a gross 36 points from 28 games, net 15 points.  On that basis they are aiming at 60 points gross and 39 points net at the end of the season.

Cardiff after their win today are on 26 points from 27 games, on that basis they are aiming at 44 points at the end of the season.

Reading are on 28 points gross from 28 games, net 22 points.  On that basis they are aiming at 46 points gross and 40 points net at the end of the season.

No one else is really in the race at the moment.

It's Cardiff v Derby on 1 March, Reading v Cardiff on 9 April, and as the EFL have fixed things Derby v Cardiff on 7 May (last game of season).

 

[Lanterne Rouge]

6 minutes ago, Hxj said:

After the weekend, I'd thought that I would update the current points position, forgetting Peterborough and Barnsley for now.

Derby, after a last minute equaliser, are on a gross 36 points from 28 games, net 15 points.  On that basis they are aiming at 60 points gross and 39 points net at the end of the season.

Cardiff after their win today are on 26 points from 27 games, on that basis they are aiming at 44 points at the end of the season.

Reading are on 28 points gross from 28 games, net 22 points.  On that basis they are aiming at 46 points gross and 40 points net at the end of the season.

No one else is really in the race at the moment.

It's Cardiff v Derby on 1 March, Reading v Cardiff on 9 April, and as the EFL have fixed things Derby v Cardiff on 7 May (last game of season).

 

I fear for the Pride Park toilets.

[ExiledAjax]

No sign of those accounts yet.

Tick tock. Four and a half hours to go.

[DOZZYBCFC]

Have they been given an extra month?

[ExiledAjax]

15 minutes ago, DOZZYBCFC said:

Have they been given an extra month?

Yes, but only in respect of showing proof of funds for the remainder of the season.

Edited January 31, 2022 by ExiledAjax

[ExiledAjax]

6 hours ago, ExiledAjax said:

No sign of those accounts yet.

Tick tock. Four and a half hours to go.

@Mr Popodopolous I checked the agreed decision and remembered that the accounts only have to be delivered to the EFL by 4pm today (ie a couple of hours ago). I presume that is a private publication, and IIRC the administration means they are relieved form the obligation to publish publically on the CH website. I assume we must therefore sit an wonder whether or not Derby have complied with this requirement, and likewise can only speculate as to the contents of those accounts.

[Mr Popodopolous]

6 hours ago, ExiledAjax said:

No sign of those accounts yet.

Tick tock. Four and a half hours to go.

On the accounts bit, here are the requirements IIRC...

1. Most pressingly, by 4pm today- submission of the restated and properly done accounts to the EFL for 2015/16, 2016/17, 2017/18, 2018/19 and 2019/20 season.
2. By the end of February/start of March 2022, they will need to submit to the EFL a) The 2020/21 accounts restated and done correctly and b) The Profit and Sustainability calculations for this season. Any overspend on the latter and the -3 would surely be activated?
3. By the end of March/start of April 2022, they will need to submit either to CH or publish likely on their website, their accounts for 2020/21 season. As per the statutory deadline- takeover or not.

That was the deadlines part of the June orders but there was more...

1. Not allowed to put any exceptional items in the accounts without the EFL's prior consent.
2. Not allowed to put the revaluation reserve through the accounts without the EFL's prior consent. Certainly not permitted for FFP/P&S.
3. Impairment of Player Registrations? Yes you guessed- without the EFL's prior consent.

There were a couple of other bits too but don't recall these. Changing the Reporting Entity without EFL's prior consent may have been one.

Edited January 31, 2022 by Mr Popodopolous

[Mr Popodopolous]

6 minutes ago, ExiledAjax said:

@Mr Popodopolous I checked the agreed decision and remembered that the accounts only have to be delivered to the EFL by 4pm today (ie a couple of hours ago). I presume that is a private publication, and IIRC the administration means they are relieved form the obligation to publish publically on the CH website. I assume we must therefore sit an wonder whether or not Derby have complied with this requirement, and likewise can only speculate as to the contents of those accounts.

Am sure that even with administration they would have to publish it on the website by the required deadline as per the Agreed Decision.

Here we go, I like these terms and conditions! 26.2 ii)

Edited January 31, 2022 by Mr Popodopolous

[Monkeh]

9 minutes ago, Mr Popodopolous said:

Am sure that even with administration they would have to publish it on the website by the required deadline as per the Agreed Decision.

Here we go, I like these terms and conditions! 26.2 ii)

what happens if this deadline is missed?