| Derby - again 11:50 - Jan 18 with 1834 views | bracknell_blue |
I see that there will be an urgent question in the Commons this afternoon about Derby County Football Club. Anyone have any idea what that is about? Has to be serious to get a minister to answer a question in the HoC. |  |
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| Derby - again on 12:00 - Jan 18 with 1748 views | BlueandTruesince82 |
I belive that there are parties ready to buy the club but they are not willing to take on any liability towards the Wycombe/Middlesbrough claim (which I think relate to their questionable accounting methodology- Wycombe of course relegated and feel it should have been Derby with a points deduction).
A prefered bidder has apparently been due to be announced for some time but hasn't materialised due to the Wycombe/Boro wrangling and apparently they could be as close as 2 weeks away from being would up and having their golden share (membership into the league) revoked.
That's as I understand it from following the story |  |
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| Derby - again on 12:10 - Jan 18 with 1639 views | Steve_M |
Hopefully the Prime Minister will offer them his full support, that should make sure they are well and truly fecked. |  |
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| Derby - again on 13:25 - Jan 18 with 1439 views | ArnieM |
If Derby had been a horse they’d have shot it long again. It’d be the Best thing to happen to them tbh . |  |
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| Derby - again on 13:43 - Jan 18 with 1341 views | ElderGrizzly |
| Derby - again on 12:00 - Jan 18 by BlueandTruesince82 |
I belive that there are parties ready to buy the club but they are not willing to take on any liability towards the Wycombe/Middlesbrough claim (which I think relate to their questionable accounting methodology- Wycombe of course relegated and feel it should have been Derby with a points deduction).
A prefered bidder has apparently been due to be announced for some time but hasn't materialised due to the Wycombe/Boro wrangling and apparently they could be as close as 2 weeks away from being would up and having their golden share (membership into the league) revoked.
That's as I understand it from following the story |
They are also asking the EFL to rewrite the rules to suit them.
Proof of funding until the end of the season has always been there for example. They are asking the EFL to remove that requirement.
To me that would be a mistake, as they could sell people like Tom Lawrence to help fund that but are refusing to do so right now.
This is from the EFL statement last night:
https://www.derbytelegraph.co.uk/sport/football/football-news/efl-break-silence-
"Where the Club is served with the Notice of Withdrawal part-way through a playing season, the Club is required to continue to abide by the EFL Regulations, honour all tickets purchased (including season tickets) relating to the remainder of the season, and provide confirmation of funding to indicate sufficient resources to ensure the Club can complete its fixtures for the remainder of the season.
On appointment the Administrators were unable to provide the confirmation of funding, but the EFL allowed the Club to continue whilst they sought to finalise their plans. Their work has been funded in the interim through a combination of cost savings and external borrowing.
We have revisited the funding requirements with the Administrators on a number of occasions since their appointment, and last week the EFL asked the Administrators for updated details on how the Club plans to continue to trade whilst in administration, including a funding plan that will enable it to complete the current season and all remaining fixtures in the 2021/22 campaign.
The response was to highlight the specific figure Derby County needed in order to fulfil its fixture obligations for the remainder of 2021/22 and whilst potential funding options were tabled by the Administrators, they could not give the necessary assurances that the funding was guaranteed to enable the Club to finish the season.
As a consequence, the League made the decision that the Club should not be permitted to register any new players until the necessary funding was in place. The deadline for provision of the funded plans was further extended to 1 February 2022." [Post edited 18 Jan 2022 14:09]
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| Derby - again on 14:19 - Jan 18 with 1258 views | ElderGrizzly |
| Derby - again on 13:43 - Jan 18 by ElderGrizzly |
They are also asking the EFL to rewrite the rules to suit them.
Proof of funding until the end of the season has always been there for example. They are asking the EFL to remove that requirement.
To me that would be a mistake, as they could sell people like Tom Lawrence to help fund that but are refusing to do so right now.
This is from the EFL statement last night:
https://www.derbytelegraph.co.uk/sport/football/football-news/efl-break-silence-
"Where the Club is served with the Notice of Withdrawal part-way through a playing season, the Club is required to continue to abide by the EFL Regulations, honour all tickets purchased (including season tickets) relating to the remainder of the season, and provide confirmation of funding to indicate sufficient resources to ensure the Club can complete its fixtures for the remainder of the season.
On appointment the Administrators were unable to provide the confirmation of funding, but the EFL allowed the Club to continue whilst they sought to finalise their plans. Their work has been funded in the interim through a combination of cost savings and external borrowing.
We have revisited the funding requirements with the Administrators on a number of occasions since their appointment, and last week the EFL asked the Administrators for updated details on how the Club plans to continue to trade whilst in administration, including a funding plan that will enable it to complete the current season and all remaining fixtures in the 2021/22 campaign.
The response was to highlight the specific figure Derby County needed in order to fulfil its fixture obligations for the remainder of 2021/22 and whilst potential funding options were tabled by the Administrators, they could not give the necessary assurances that the funding was guaranteed to enable the Club to finish the season.
As a consequence, the League made the decision that the Club should not be permitted to register any new players until the necessary funding was in place. The deadline for provision of the funded plans was further extended to 1 February 2022." [Post edited 18 Jan 2022 14:09]
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And now Boro have weighed in
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| Derby - again on 15:41 - Jan 18 with 1154 views | Churchman |
| Derby - again on 14:19 - Jan 18 by ElderGrizzly |
And now Boro have weighed in
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Middlesbrough Are not happy bunnies. To be fair, they’ve got a point. I’ve no doubt the EFL will collapse in the face of Derby pressure ‘in the interests of the game’, sadly |  | | |
| Derby - again on 16:07 - Jan 18 with 1085 views | BseaBlue |
| Derby - again on 15:41 - Jan 18 by Churchman |
Middlesbrough Are not happy bunnies. To be fair, they’ve got a point. I’ve no doubt the EFL will collapse in the face of Derby pressure ‘in the interests of the game’, sadly |
Agreed. If anything, it is a shame more clubs haven't come forward to argue the case. Derby wont be the last club in this situation though.
Sustainability in football seems to hinge on a gamble to make the Premier League these days. It is utter madness and something needs to be urgently changed to protect the future of the sport. |  | | |
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| Derby - again on 16:33 - Jan 18 with 1029 views | GeoffSentence |
| Derby - again on 14:19 - Jan 18 by ElderGrizzly |
And now Boro have weighed in
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Wow
The word 'cheating' is doing a lot of work there.
Well played Middlesborough. |  |
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| Derby - again on 17:04 - Jan 18 with 931 views | FightingEssex |
My view is the parent companies and owners should be liable, not the clubs, it's not the fans fault the owners have messed up big time and definitely do not deserve to lose their teams over it. If they have broken the rules or the law, fine the firms, they will soon stop, same with the debts they are running up. It will make club ownership less attractive for some, which again is a good thing.
In recent years we've seen Rangers, Portsmouth, Wigan, Bolton, Derby, Luton and so on absolutely destroyed and demoted for debts and breaking "fair play" rules, where most of the the debts owed by these clubs are tiny compared to those owed by those by the Premiership clubs, and these same clubs are being forced to compete against clubs like Norwich who live off of free money by getting relegated from the Premiership every other season, while being governed by fair play rules restricting their spends. It killed our chances too.
If Manchester City had what most of us had to deal with while being in the third division, they would have been stuck there for years.
It's one set of rules for some, and punishments for others. Even we in this league can't use our advantage because of wage caps. |  |
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| Derby - again on 17:33 - Jan 18 with 880 views | BlueandTruesince82 |
| Derby - again on 15:41 - Jan 18 by Churchman |
Middlesbrough Are not happy bunnies. To be fair, they’ve got a point. I’ve no doubt the EFL will collapse in the face of Derby pressure ‘in the interests of the game’, sadly |
Good for Steve Gibson for sticking to his guns IMO. | |
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| Derby - again on 17:35 - Jan 18 with 851 views | Churchman |
| Derby - again on 17:04 - Jan 18 by FightingEssex |
My view is the parent companies and owners should be liable, not the clubs, it's not the fans fault the owners have messed up big time and definitely do not deserve to lose their teams over it. If they have broken the rules or the law, fine the firms, they will soon stop, same with the debts they are running up. It will make club ownership less attractive for some, which again is a good thing.
In recent years we've seen Rangers, Portsmouth, Wigan, Bolton, Derby, Luton and so on absolutely destroyed and demoted for debts and breaking "fair play" rules, where most of the the debts owed by these clubs are tiny compared to those owed by those by the Premiership clubs, and these same clubs are being forced to compete against clubs like Norwich who live off of free money by getting relegated from the Premiership every other season, while being governed by fair play rules restricting their spends. It killed our chances too.
If Manchester City had what most of us had to deal with while being in the third division, they would have been stuck there for years.
It's one set of rules for some, and punishments for others. Even we in this league can't use our advantage because of wage caps. |
You cannot divorce the parent companies and owners from the clubs. They are one and the same. Sad for the supporters, but that’s how it is.
The only argument Derby can have is that others have been let off and penalties should only apply to others. A special case. Name a club let off? QPR. Basically promoted taking the place of another club by overspending. They should have faced demotion as well as a fine. In real terms they got a slap on the wrist and had to pay for a packet of cheeselets.
Another club that got clean away with it was Rangers. They should have been put out of business altogether.
Where I agree is that there should be constant rules throughout the leagues. But there isn’t and won’t be. Everything is geared to the big clubs and their ‘entitlement’ to all the money and all the trophies. I suspect that yo-yo fodder like Norwich will soon be a thing of the past when no relegation is brought in and a line is drawn under the chosen few. [Post edited 18 Jan 2022 17:37]
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| Derby - again on 17:43 - Jan 18 with 816 views | Freddies_Ears |
| Derby - again on 16:33 - Jan 18 by GeoffSentence |
Wow
The word 'cheating' is doing a lot of work there.
Well played Middlesborough. |
Very strong statement. Coincidentally, the Riverside and Pride Park are identical stadia. On a tour of PP, I was told that Boro helped Derby by identifying some elements of the design that they wish they had done differently. |  | | |
| Derby - again on 17:48 - Jan 18 with 800 views | backwaywhen |
If the mighty Rangers had to go to the bottom of the pile the so should Derby , ridiculous situation , swing the axe and be done with it ….. what say you ? | | | |
| Derby - again on 17:50 - Jan 18 with 791 views | ArnieM |
| Derby - again on 13:43 - Jan 18 by ElderGrizzly |
They are also asking the EFL to rewrite the rules to suit them.
Proof of funding until the end of the season has always been there for example. They are asking the EFL to remove that requirement.
To me that would be a mistake, as they could sell people like Tom Lawrence to help fund that but are refusing to do so right now.
This is from the EFL statement last night:
https://www.derbytelegraph.co.uk/sport/football/football-news/efl-break-silence-
"Where the Club is served with the Notice of Withdrawal part-way through a playing season, the Club is required to continue to abide by the EFL Regulations, honour all tickets purchased (including season tickets) relating to the remainder of the season, and provide confirmation of funding to indicate sufficient resources to ensure the Club can complete its fixtures for the remainder of the season.
On appointment the Administrators were unable to provide the confirmation of funding, but the EFL allowed the Club to continue whilst they sought to finalise their plans. Their work has been funded in the interim through a combination of cost savings and external borrowing.
We have revisited the funding requirements with the Administrators on a number of occasions since their appointment, and last week the EFL asked the Administrators for updated details on how the Club plans to continue to trade whilst in administration, including a funding plan that will enable it to complete the current season and all remaining fixtures in the 2021/22 campaign.
The response was to highlight the specific figure Derby County needed in order to fulfil its fixture obligations for the remainder of 2021/22 and whilst potential funding options were tabled by the Administrators, they could not give the necessary assurances that the funding was guaranteed to enable the Club to finish the season.
As a consequence, the League made the decision that the Club should not be permitted to register any new players until the necessary funding was in place. The deadline for provision of the funded plans was further extended to 1 February 2022." [Post edited 18 Jan 2022 14:09]
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Essentially Derby County FC are a bunch of shysters and they need bringing to book. | |
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| Derby - again on 18:48 - Jan 18 with 694 views | BlueandTruesince82 |
| Derby - again on 17:48 - Jan 18 by backwaywhen |
If the mighty Rangers had to go to the bottom of the pile the so should Derby , ridiculous situation , swing the axe and be done with it ….. what say you ? |
If Derby end up in liquidation yes, that point has not yet arrived and I think there is some discussion going on with Boro, don't know about Wycombe.
The biggest issue from a sale POV is that the potential value should judgment be awarded against Derby is unknown so potential buyers don't want to commit an specified liability at the moment there no one putting money into the club and they are trading day to day and relying on emergency loans and selling any remaining family silver, hence the inability to demonstrate having the funds to finish the season.
The most insane part is that they have been in administration since Sept , can a club really be allowed to go all season under such circumstances? Swinging tbe axe may now be the kindest thing to do at this point though I'm sure Rams fans disagree.
Gibson says Boro are willing to compromise but it's hard to see what compromise can be reached when their case doesn't have a quantifiable figure.
As you say quite ridiculous.
Mel Morris should be ashamed really, he bought the club to save it and then put it hugely at risk by using some serious slight of hand accountancy. What I would say is that maybe Derby should look at taking action against whichever firm of accountants signed off on their methodology as surely they have also advised as to the legality of the practices being used? | |
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