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11 minutes ago, Bristol Rob said:

Ashley will be a safe pair of hands for Derby, has money, knows football, coped with being an unpopular owner and regardless of what Newcastle fans think, kept them solvent before moving the club on.

Amazed that things have got this far however, these deals always seem to collapse when it comes to the 'show us the money' question, which suggests this is a question that should be asked a lot earlier in the takeover process.

The "show us the money" question is still being asked in north Bristol.

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1 minute ago, Midred said:

The "show us the money" question is still being asked in north Bristol.

Is it? I didn't think they had any doubts that their Messiah had all the funds they ever needed. It's just that hated council and "lady garden" Lansdown are in a conspiracy to prevent him from spending any.

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24 minutes ago, Bristol Rob said:

Ashley will be a safe pair of hands for Derby, has money, knows football, coped with being an unpopular owner and regardless of what Newcastle fans think, kept them solvent before moving the club on.

Amazed that things have got this far however, these deals always seem to collapse when it comes to the 'show us the money' question, which suggests this is a question that should be asked a lot earlier in the takeover process.

The EFL seems to have been satisfied on proof of funds, though they only gave conditional approval to the deal.

The problem seems to be that Kirchner hasn't transferred the money. I'm shocked I tell you, shocked!

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1 minute ago, chinapig said:

The EFL seems to have been satisfied on proof of funds, though they only gave conditional approval to the deal.

The problem seems to be that Kirchner hasn't transferred the money. I'm shocked I tell you, shocked!

Yep they are blaming the efl on twitter for the collapse...... got to keep pointing out its not the efl that loaded them with debt and stole the ground

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2 minutes ago, East Londoner said:

One of the rumours doing the rounds is he’s the one who paid last months wages 

Rooney wouldn't pay 19 odd million out of his own pocket, he isnt a mad man,

The PFA are probably covering it, they generally do when clubs get into this state

Edited by Monkeh
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2 minutes ago, Monkeh said:

Yep they are blaming the efl on twitter for the collapse...... got to keep pointing out its not the efl that loaded them with debt and stole the ground

As expected really. I repeat, they still fail to grasp that the EFL is not Rick Parry it's the 72 clubs.

Derby County signed up to the rules but their fans seem to think they only apply to the other 71.

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3 minutes ago, Monkeh said:

Rooney wouldn't pay 19 odd million out of his own pocket, he isnt a mad man,

The PFA are probably covering it, they generally do when clubs get into this state

Their monthly wage bill is £19m?

Reports are saying they were paid by somebody close to the club. We can only guess what that means.

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Enough is enough. Derby have failed to meet every deadline set. They've consistently taken all for fools . No other struggling club has ever been given such leeway by the EFL. Accounts still not in the public domain. Their expulsion must be confirmed today.

Goodbye & good riddance.

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We're only 15 days out from fixtures being published, clubs returning for pre-season in less than 2 weeks, can you imagine say Mansfield/Solihull Moors if Derby were to get expelled from the EFL and they're promoted, all their transfer business up to that point being predicated on being in the wrong division, Solihull particularly have some players that will be of interest to league 2 clubs, imagine if they sold those players and then were retrospectively promoted after?  

Worryingly I can see Derby being allowed to limp on until the season starts at which point the EFL are backed into a corner again.

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2 minutes ago, Sir Geoff said:

Didn't Kitchener fail in his bid for Preston due to lack of funds. How was he ever allowed to take Derby this far down the road ?

Yes, Preston weren't convinced he had the money. They also said he expected them to write his business plan.

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52 minutes ago, chinapig said:

Their monthly wage bill is £19m?

Reports are saying they were paid by somebody close to the club. We can only guess what that means.

I thought they took an early payment from Liverpool, and waived a sell on clause for a young footballer that had gone there?

That money was supposed to go towards the immediate wages.

 

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1 hour ago, chinapig said:

The bank holiday/inefficiency of US banks excuses seem to have been dropped.

Because it's bollocks. Whilst people do tend to forget about bank holidays, especially random ones that are new, they don't really hold up a share transfer. So long as you can prove funds, prove instructions to a bank to transfer funds, or place funds into a solicitors escrow account with an undertaking to pay, you can go ahead and close a deal and transfer ownership of a company. That is how it is done in practice in order to avoid shit like only being able to close a deal during banking hours. The fact the CK clearly hasn't done this will be spooking Q and Mel and MDS. FFS I don't think I've ever closed a deal inside banking hours!

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Just a question - does anyone know what the “golden share” date is? If I remember rightly with Bury, the EFL were withholding the golden share and hence membership unless funding could be evidenced to commence/complete the new season. With fixtures two weeks away and the season start in less than two months the timescale for this assurance for Derby is very light. 

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1 hour ago, Lrrr said:

We're only 15 days out from fixtures being published, clubs returning for pre-season in less than 2 weeks, can you imagine say Mansfield/Solihull Moors if Derby were to get expelled from the EFL and they're promoted, all their transfer business up to that point being predicated on being in the wrong division, Solihull particularly have some players that will be of interest to league 2 clubs, imagine if they sold those players and then were retrospectively promoted after?  

Worryingly I can see Derby being allowed to limp on until the season starts at which point the EFL are backed into a corner again.

A club won't be promotes, league one will run with 23 clubs and 3 relegation places instead of 4

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45 minutes ago, Sir Geoff said:

Didn't Kitchener fail in his bid for Preston due to lack of funds. How was he ever allowed to take Derby this far down the road ?

I don’t know if people remember, but about 25 years ago a 19 year old was about to buy Aldershot. On the day of the transfer there were no funds and Aldershot collapsed. 
 

Seems very similar. Walter Mitty springs to mind!

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5 minutes ago, REDOXO said:

I don’t know if people remember, but about 25 years ago a 19 year old was about to buy Aldershot. On the day of the transfer there were no funds and Aldershot collapsed. 
 

Seems very similar. Walter Mitty springs to mind!

https://taleoftwohalves.uk/featured/not-run-football-club-spencer-day-story

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You ask how much I need you, must I explain?
I need you, oh my Derby, like roses need rain.
You ask how long it'll take for the deal to go through.
Until the twelfth of never - that's imminent you know.

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11 minutes ago, Monkeh said:

A club won't be promotes, league one will run with 23 clubs and 3 relegation places instead of 4

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.

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4 minutes 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.

It'll get messier that's for sure, if all this has been known for a while and sat on then you'd say the EFL should have known they'd have been a club short for the 22/23 season in league one and an extra club would have been promoted/one less relegated to allow for it so either Gillingham or a club in league 2 (Northampton perhaps if it had been an extra automatic sport) will have a case of being in the wrong division.

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27 minutes ago, Silvio Dante said:

Just a question - does anyone know what the “golden share” date is? If I remember rightly with Bury, the EFL were withholding the golden share and hence membership unless funding could be evidenced to commence/complete the new season. With fixtures two weeks away and the season start in less than two months the timescale for this assurance for Derby is very light. 

Which one? Only consistent thing about deadlines is Derby have missed every single one. It's begining to get easier to spot those EFL regulations Derby haven't breached.

PoF were reporting a few weeks back that post the second extension of CK's exclusivity deadline his consortium had to have everything in place by 31/5. Note there are dozens of other mandatory notifications that must be made either by the end of last season or by end of March (save for those exiting or entering the EFL via promotion/relegation.) Stuff like insurances and ability to fulfill fixtures. Slightly later the retained lists and squads must be notified.

EFL have fudged the whole thing which is why Derby must be expelled. Lest not forget EFL may seek compensation for impairment arising as a result of a club not fulfilling fixtures if they haven't resigned by the previous start of the year. Would they seek to add that to the secured debt mountain should Derby seek to start elsewhere? Nobody's even mentioning HMRC's position and who's picking up that £20m+? Note also they have to have settled 25% of non secured debt prior to exiting administration, rose have a payment schedule to clear 35% within 36 months. That assumes all secured debt is repaid or cancelled. This isn't going to happen and worse, never was.

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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.

 

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Just now, 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.

 

Sorry @Lrrr you were right.  

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I see Talksport trailed an interview with Kirchner but it turned out he refused to do a live or recorded one.

He allegedly told them by phone that Derby fans shouldn't worry and he was off to play golf.

So everything's fine then, phew.?

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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.

 

Does that mean fans in L1 who've bought STs for next season potentially have a claim for a non-fulfilled fixture against their own club, Derby and/or EFL should Derby fold?

It's this type of impact that demonstrates why this has gone far enough. Derby couldn't give a stuff for other EFL members & supporters.

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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 by Mr Popodopolous
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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 by Mr Popodopolous
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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 by Sir Geoff
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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.

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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 by Mr Popodopolous
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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...

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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.

Screenshot 2022-06-08 132900.png

Edited by Hxj
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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.

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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.

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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.

 

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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?

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

Derby County FC- The club

image.thumb.png.5900aab8947539d182fce9c204639f06.png

image.png.44ed4f3e38a1a0e00899349a31361618.png

Club DCFC- Hospitality related.

image.thumb.png.c9cce7b30c9f707f0647f11db44e3015.png

image.png.9f7244c1c30f5a867b1c94dedc87ec8c.png

Derby County Academy- The academy

image.thumb.png.e765ba1ef460493ae7f369a8fa91f2a6.png

image.png.34fde60ae06c292987a0b8e787a0d555.png

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

image.thumb.png.a1efb6250a4e963edf8a8193a66c3856.png

image.thumb.png.613bb3cd8fb6c9adad1c181f63749d7a.png

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

image.thumb.png.c64b1f8b2c7982e4b51dc49aefe998e0.png

image.png.022d25ac58d881f81fc191c902a2f494.png

Gellaw Newco 203- The consolidator from summer 2019?

image.thumb.png.bfe0888d532c455cae4a5d49dba2048e.png

image.png.149b9d1910714feca88fd9590853f1c6.png

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.

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56 minutes ago, Mr Popodopolous said:

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

Derby County FC- The club

image.thumb.png.5900aab8947539d182fce9c204639f06.png

image.png.44ed4f3e38a1a0e00899349a31361618.png

Club DCFC- Hospitality related.

image.thumb.png.c9cce7b30c9f707f0647f11db44e3015.png

image.png.9f7244c1c30f5a867b1c94dedc87ec8c.png

Derby County Academy- The academy

image.thumb.png.e765ba1ef460493ae7f369a8fa91f2a6.png

image.png.34fde60ae06c292987a0b8e787a0d555.png

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

image.thumb.png.a1efb6250a4e963edf8a8193a66c3856.png

image.thumb.png.613bb3cd8fb6c9adad1c181f63749d7a.png

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

image.thumb.png.c64b1f8b2c7982e4b51dc49aefe998e0.png

image.png.022d25ac58d881f81fc191c902a2f494.png

Gellaw Newco 203- The consolidator from summer 2019?

image.thumb.png.bfe0888d532c455cae4a5d49dba2048e.png

image.png.149b9d1910714feca88fd9590853f1c6.png

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 

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5 hours ago, Mr Popodopolous said:

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

Derby County FC- The club

image.thumb.png.5900aab8947539d182fce9c204639f06.png

image.png.44ed4f3e38a1a0e00899349a31361618.png

Club DCFC- Hospitality related.

image.thumb.png.c9cce7b30c9f707f0647f11db44e3015.png

image.png.9f7244c1c30f5a867b1c94dedc87ec8c.png

Derby County Academy- The academy

image.thumb.png.e765ba1ef460493ae7f369a8fa91f2a6.png

image.png.34fde60ae06c292987a0b8e787a0d555.png

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

image.thumb.png.a1efb6250a4e963edf8a8193a66c3856.png

image.thumb.png.613bb3cd8fb6c9adad1c181f63749d7a.png

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

image.thumb.png.c64b1f8b2c7982e4b51dc49aefe998e0.png

image.png.022d25ac58d881f81fc191c902a2f494.png

Gellaw Newco 203- The consolidator from summer 2019?

image.thumb.png.bfe0888d532c455cae4a5d49dba2048e.png

image.png.149b9d1910714feca88fd9590853f1c6.png

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

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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.

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3 hours ago, Monkeh said:

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

 

2 hours ago, BTRFTG said:

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

This is true although I wonder if they would have to submit once done...

...Even so, the EFL sanctions for non-submission of accounts should have been in play from much earlier. Maybe they were weaker then I dunno- or just an outrageous string of fortunate events...a disputed case followed by Covid followed by administration.

Irrespective of the striking off position, no accounts should mean no signings or even contract extensions until such time as the breaches rectified- EFL position. Whether to CH or uploaded to their website I don't mind.

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16 hours ago, Derby_Ram said:

I'm waiting for this thread to get very hot. Imminently. ?

When I said hot I didn't expect this hot!

14 hours ago, chinapig said:

The thing with Nixon is that Derby fans slagged him off when he was saying things they didn't like then fell in love with him when he appeared to become Kirchner's mouthpiece.

 

With Nixon he normally posts things which allows him to come back with "aye" no matter the outcome. Derby included in the past.

What's inescapable this time round is he's very close to Stretford who happens to be Rooney's agent and linked to Gary Cook and the CK bid. It wouldn't surprise me to see him as a board member should CK get a takeover over the line. When Nixon tweets about Derby at the minute he's being briefed by Stretford. Don't bite the hand that feeds you. What's true/what CK wants us to believe can be two different things.

 

Had to remove myself from the whole situation today. It's all become too much. From the same two sources who indicated Clowes was buying the ground - looks like this deal is in place if needed - they're saying the money laundering checks have finished and the money cleared. Frankly I just want it over. If, and its a huge monumemtal if, the money has cleared and a takeover happens, great, but by god I'll be petrified any other time money needs to leave the club. I'm just drained and sick at the moment.

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