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Post by yappledapple on Jun 12, 2022 14:30:54 GMT 1
EFL finally starting to bare some teeth and finally give the Quantuma administrators a huge vote of no confidence(in fact quite a few more than 148 😉)…
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Post by mrg on Jun 12, 2022 17:56:36 GMT 1
EFL finally starting to bare some teeth and finally give the Quantuma administrators a huge vote of no confidence(in fact quite a few more than 148 😉)… Whats absolutely baffling here is why are the EFL getting involved when they didn't do that with Bury or Macclesfield? Derby are £300m in the red as I understand it, £300m. They are hardly an asset to the local community are they? A parasite maybe. Those 2 clubs as I understand it while making a balls of it were combined not even a tenth of that. I have no desire for football clubs to go the wall but they've had 10 months to sort this out. Let's have the axe down on them in the next 2 weeks and have someone who adds a bit more value to their local community in the football league. No biggy.
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Post by Deleted on Jun 12, 2022 19:30:37 GMT 1
EFL finally starting to bare some teeth and finally give the Quantuma administrators a huge vote of no confidence(in fact quite a few more than 148 😉)… Whats absolutely baffling here is why are the EFL getting involved when they didn't do that with Bury or Macclesfield? Derby are £300m in the red as I understand it, £300m. They are hardly an asset to the local community are they? A parasite maybe. Those 2 clubs as I understand it while making a balls of it were combined not even a tenth of that. I have no desire for football clubs to go the wall but they've had 10 months to sort this out. Let's have the axe down on them in the next 2 weeks and have someone who adds a bit more value to their local community in the football league. No biggy. They won't go to the wall that's for sure
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Post by westislandterrier on Jun 12, 2022 19:48:16 GMT 1
Whats absolutely baffling here is why are the EFL getting involved when they didn't do that with Bury or Macclesfield? Derby are £300m in the red as I understand it, £300m. They are hardly an asset to the local community are they? A parasite maybe. Those 2 clubs as I understand it while making a balls of it were combined not even a tenth of that. I have no desire for football clubs to go the wall but they've had 10 months to sort this out. Let's have the axe down on them in the next 2 weeks and have someone who adds a bit more value to their local community in the football league. No biggy. They won't go to the wall that's for sure They might not go to the wall - but they went to the hole in the wall... far too bloody often !
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Post by Norn Iron Terrier on Jun 12, 2022 22:07:49 GMT 1
EFL finally starting to bare some teeth and finally give the Quantuma administrators a huge vote of no confidence(in fact quite a few more than 148 😉)… Whats absolutely baffling here is why are the EFL getting involved when they didn't do that with Bury or Macclesfield? Derby are £300m in the red as I understand it, £300m. They are hardly an asset to the local community are they? A parasite maybe. Those 2 clubs as I understand it while making a balls of it were combined not even a tenth of that. I have no desire for football clubs to go the wall but they've had 10 months to sort this out. Let's have the axe down on them in the next 2 weeks and have someone who adds a bit more value to their local community in the football league. No biggy. I wonder where that £300m out of Derby actually went. I guess a bleed from players wages, agent fees and transfers over 5-10 years? Sacking managers/staff takes a heavy toll on finances. Did they build anything or buy any infrastructure that ended up on their asset sheet? Frightening numbers that I'm glad isn't happening at town (at present)
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Post by softboy on Jun 12, 2022 22:47:02 GMT 1
As I understand it the EFL require Derby County (and everyone else) to provide a sustainable Business Plan for the following season before the fixtures are released to acquire the "golden share" to compete next season. So essentially they have till a week on Wednesday for the club to be sold, Business Plan submitted and agreed and any potential new owners to have passed the appropriate "fit and proper person" test or whatever they call it now. We shall see!
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Post by philatrickstarbuck on Jun 12, 2022 22:57:16 GMT 1
Poor Bury. Still feel sorry for them...
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Post by swollentoe on Jun 13, 2022 7:13:58 GMT 1
As I understand it the EFL require Derby County (and everyone else) to provide a sustainable Business Plan for the following season before the fixtures are released to acquire the "golden share" to compete next season. So essentially they have till a week on Wednesday for the club to be sold, Business Plan submitted and agreed and any potential new owners to have passed the appropriate "fit and proper person" test or whatever they call it now. We shall see! Yet Bury had to provide a business plan for 2 seasons or be thrown out the league.
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Post by The Sheriff Strikes Back on Jun 13, 2022 8:48:49 GMT 1
Whats absolutely baffling here is why are the EFL getting involved when they didn't do that with Bury or Macclesfield? Derby are £300m in the red as I understand it, £300m. They are hardly an asset to the local community are they? A parasite maybe. Those 2 clubs as I understand it while making a balls of it were combined not even a tenth of that. I have no desire for football clubs to go the wall but they've had 10 months to sort this out. Let's have the axe down on them in the next 2 weeks and have someone who adds a bit more value to their local community in the football league. No biggy. They won't go to the wall that's for sure Probably not, but League 2 undoubtedly beckons for them.
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Post by turbo2 on Jun 13, 2022 9:44:12 GMT 1
Whats absolutely baffling here is why are the EFL getting involved when they didn't do that with Bury or Macclesfield? Derby are £300m in the red as I understand it, £300m. They are hardly an asset to the local community are they? A parasite maybe. Those 2 clubs as I understand it while making a balls of it were combined not even a tenth of that. I have no desire for football clubs to go the wall but they've had 10 months to sort this out. Let's have the axe down on them in the next 2 weeks and have someone who adds a bit more value to their local community in the football league. No biggy. They won't go to the wall that's for sure I wouldn’t be so sure. Listened to the radio yesterday afternoon and one journalist was saying he was of the opinion that this yank is a dud and although Mike Ashley had shown an interest several months ago it wasn’t so simple to try and get that deal off the ground. He said as far as he was concerned it’s proper touch and go.
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Post by turbo2 on Jun 13, 2022 19:39:33 GMT 1
Kirchner has just withdrawn his bid.
They really are in massive trouble
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leroy212
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Post by leroy212 on Jun 13, 2022 19:55:43 GMT 1
Can't see how any deal can't be completed before the fixtures are announced. Even if they are allowed to start next season they won't have any players
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k1man999
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Post by k1man999 on Jun 13, 2022 20:02:03 GMT 1
Can't believe how much time they have been given Bury were wound up quicker than Usain bolt doing 100m Thing is Mike Ashley is waiting to go so they will be safe.
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Post by softboy on Jun 13, 2022 21:28:50 GMT 1
So a guy that runs a international "logistics" business has pulled out of a deal to by Derby County due to the "logistical" problems of transferring money from the USA to the UK.
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Post by allan 1958 (OAF-WROY)(SSLFF) on Jun 14, 2022 12:02:08 GMT 1
So a guy that runs a international "logistics" business has pulled out of a deal to by Derby County due to the "logistical" problems of transferring money from the USA to the UK. Agree sound like tosh.
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Tinpot
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Post by Tinpot on Jun 14, 2022 13:27:39 GMT 1
Whats absolutely baffling here is why are the EFL getting involved when they didn't do that with Bury or Macclesfield? Derby are £300m in the red as I understand it, £300m. They are hardly an asset to the local community are they? A parasite maybe. Those 2 clubs as I understand it while making a balls of it were combined not even a tenth of that. I have no desire for football clubs to go the wall but they've had 10 months to sort this out. Let's have the axe down on them in the next 2 weeks and have someone who adds a bit more value to their local community in the football league. No biggy. It probably i$n't that ba££ling. Completely agree with the rest of your post, though.
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Post by mrg on Jun 14, 2022 14:50:25 GMT 1
Can't believe how much time they have been given Bury were wound up quicker than Usain bolt doing 100m Thing is Mike Ashley is waiting to go so they will be safe. Cashlys letter to the lawyer of the administrator is a play to get in legally or end them for not speaking to him, which they are obliged to do, legally. Problem now is they've got 10 days and Ashley will be telling them whats going to happen and how much it's going to cost the administrators to have the privilege of him sorting out their shit. I cant see this ending well. They have been absolutely molycoddled through this process by the FA while the admin has raped the club a bit more, not quite as much as Morris though.
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Post by Deleted on Jun 14, 2022 15:01:46 GMT 1
Sad fact of the matter is, for the good of football we'd probably need to see bigger and bigger clubs go to wall until one is "big" enough to jolt the powers-that-be into doing something about it. I know there's all that talk about an independent regulator following the Crouch report, but I'll believe it when I see it.
A few clubs in the past have gone to the wall - barely a peep. Bury went, hardly even reported. Derby going under MIGHT do it - suspect not. Villa sailed dangerously close to the wind a few years ago - maybe that would've done it?
Maybe the best thing for the good of the game would be the Glazers buggering off and letting Man United go to the wall. THAT would make things happen.
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Post by Norn Iron Terrier on Jun 14, 2022 16:25:44 GMT 1
Sad fact of the matter is, for the good of football we'd probably need to see bigger and bigger clubs go to wall until one is "big" enough to jolt the powers-that-be into doing something about it. I know there's all that talk about an independent regulator following the Crouch report, but I'll believe it when I see it. A few clubs in the past have gone to the wall - barely a peep. Bury went, hardly even reported. Derby going under MIGHT do it - suspect not. Villa sailed dangerously close to the wind a few years ago - maybe that would've done it? Maybe the best thing for the good of the game would be the Glazers buggering off and letting Man United go to the wall. THAT would make things happen. I think the big boys can't go bust. Without doing any maths, Man utd could be 2.5b in debt and the glazers could still sell and get over a billion profit on the deal with the new owners happy to take that on. For them to go bust with the current TV deal would be well over 8b+ debt which seems crazily impossible? If it happened, Administration would write off a lot and make them an attractive club to take out straight away. Would be good for football to see this happen though as you said
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Tinpot
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Post by Tinpot on Jun 14, 2022 19:26:09 GMT 1
Sad fact of the matter is, for the good of football we'd probably need to see bigger and bigger clubs go to wall until one is "big" enough to jolt the powers-that-be into doing something about it. I know there's all that talk about an independent regulator following the Crouch report, but I'll believe it when I see it. A few clubs in the past have gone to the wall - barely a peep. Bury went, hardly even reported. Derby going under MIGHT do it - suspect not. Villa sailed dangerously close to the wind a few years ago - maybe that would've done it? Maybe the best thing for the good of the game would be the Glazers buggering off and letting Man United go to the wall. THAT would make things happen. I agree, but other than "the big 6" I don't think there is a club that's going to alter much by going under.
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Post by themanfromatlantis on Jun 14, 2022 20:44:16 GMT 1
Sad fact of the matter is, for the good of football we'd probably need to see bigger and bigger clubs go to wall until one is "big" enough to jolt the powers-that-be into doing something about it. I know there's all that talk about an independent regulator following the Crouch report, but I'll believe it when I see it. A few clubs in the past have gone to the wall - barely a peep. Bury went, hardly even reported. Derby going under MIGHT do it - suspect not. Villa sailed dangerously close to the wind a few years ago - maybe that would've done it? Maybe the best thing for the good of the game would be the Glazers buggering off and letting Man United go to the wall. THAT would make things happen. Said it for years that there needs to be a ‘name’ that goes fully bankrupt and gets booted out of the leagues. Football is just a shambles nowadays, so many clubs will be living beyond their means and be a hairs breadth from admin on a regular basis.
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k1man999
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Post by k1man999 on Jun 14, 2022 20:50:23 GMT 1
If was us we would be gone.
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Post by Chips Longhorn on Jun 14, 2022 21:00:28 GMT 1
Shame it's not their noisy neighbours
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Post by themanfromatlantis on Jun 15, 2022 8:43:08 GMT 1
Shame it's not their noisy neighbours We might have to wait a few years for that one. Could they do a Pompey, Wigan, Sunderland? I doubt it if this bloke they have in charge avoids criminal charges.
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Post by turbo2 on Jun 15, 2022 9:00:03 GMT 1
Shame it's not their noisy neighbours We might have to wait a few years for that one. Could they do a Pompey, Wigan, Sunderland? I doubt it if this bloke they have in charge avoids criminal charges. Isn’t the florists owner Greek? If he is he won’t know what paying taxes are so it’s only a matter of time before he goes bankrupt owing the tax man millions
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Post by Chips Longhorn on Jun 15, 2022 9:06:29 GMT 1
They're the biggest club in the world I'm sure buyers will be falling over themselves to buy
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Post by themanfromatlantis on Jun 15, 2022 9:09:46 GMT 1
We might have to wait a few years for that one. Could they do a Pompey, Wigan, Sunderland? I doubt it if this bloke they have in charge avoids criminal charges. Isn’t the florists owner Greek? If he is he won’t know what paying taxes are so it’s only a matter of time before he goes bankrupt owing the tax man millions HMRC, please may I offer you free Kleftiko for life….
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Post by Deleted on Jun 15, 2022 13:26:41 GMT 1
Sad fact of the matter is, for the good of football we'd probably need to see bigger and bigger clubs go to wall until one is "big" enough to jolt the powers-that-be into doing something about it. I know there's all that talk about an independent regulator following the Crouch report, but I'll believe it when I see it. A few clubs in the past have gone to the wall - barely a peep. Bury went, hardly even reported. Derby going under MIGHT do it - suspect not. Villa sailed dangerously close to the wind a few years ago - maybe that would've done it? Maybe the best thing for the good of the game would be the Glazers buggering off and letting Man United go to the wall. THAT would make things happen. Said it for years that there needs to be a ‘name’ that goes fully bankrupt and gets booted out of the leagues. Football is just a shambles nowadays, so many clubs will be living beyond their means and be a hairs breadth from admin on a regular basis. It's only a matter of time before it happens, the way things are going. We saw with Chelsea recently that the wealthiest clubs are, in a way, at most risk if they're dependent on a grotesquely rich benefactor. They got lucky....which is a shame.
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Post by DeepSpace on Jun 15, 2022 14:42:29 GMT 1
Said it for years that there needs to be a ‘name’ that goes fully bankrupt and gets booted out of the leagues. Football is just a shambles nowadays, so many clubs will be living beyond their means and be a hairs breadth from admin on a regular basis. It's only a matter of time before it happens, the way things are going. We saw with Chelsea recently that the wealthiest clubs are, in a way, at most risk if they're dependent on a grotesquely rich benefactor. They got lucky....which is a shame. Nothing lucky about it if you ask me. Chelsea by any definition other than the bloke down the pub are far too big to fail. London club, major earner for Sky, other broadcasters, bookmakers, etc. from here to Beijing. Nobody anywhere was ever going to shrug their shoulders & say "unlucky lads but there you go."
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Post by Deleted on Jun 15, 2022 15:37:22 GMT 1
It's only a matter of time before it happens, the way things are going. We saw with Chelsea recently that the wealthiest clubs are, in a way, at most risk if they're dependent on a grotesquely rich benefactor. They got lucky....which is a shame. Nothing lucky about it if you ask me. Chelsea by any definition other than the bloke down the pub are far too big to fail. London club, major earner for Sky, other broadcasters, bookmakers, etc. from here to Beijing. Nobody anywhere was ever going to shrug their shoulders & say "unlucky lads but there you go." Lucky, as in - if the reports are correct - the new owners have settled the £1.6bn (!!) debt to Abramovich. That rather inflates the cost of a business that isn't particularly profitable. Besides which, Chelsea's current profile doesn't reflect the majority of their history.
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