Bosco's Tuft 941 Posted March 31, 2022 Share Posted March 31, 2022 37 minutes ago, Denzel Zanzibar said: They get paid regardless By who? What if there just isn't any money or assets to pay anyone? Not just in this situation but generally. Link to post Share on other sites
estonpidge 1,449 Posted March 31, 2022 Share Posted March 31, 2022 14 minutes ago, Bosco's Tuft said: By who? What if there just isn't any money or assets to pay anyone? Not just in this situation but generally. I would think that they will have been submitting their bills to be paid as they go, from running costs. Link to post Share on other sites
Foogle 2,104 Posted March 31, 2022 Share Posted March 31, 2022 They essentially have no assets and even buying Derby for £1m will put you on the hook for about £60m. They're about to be in league one on -15 points, the only attractive thing about the club is a large(ish) fanbase and history. If you were looking to buy a league one club surely there are much better prospective buys where the money invested would go a lot further. Really don't want a fellow team and fanbase to lose their club but it's looking increasingly likely... 2 1 Link to post Share on other sites
Will 2,958 Posted March 31, 2022 Share Posted March 31, 2022 4 hours ago, Brunners said: So the Extra 20m is the stadium. Derby County have debts of £30m just on the club, but anyone wanting to buy the club has to stump up another 20m on top of that to buy the ground, making it unviable financially for most people. Admin get paid anyway, they're guaranteed creditors essentially, whatever happens they walk away with money. I believe Derby have been taking out further loans with MSD while in Admin though, so there's at least the 5m from that loan added in debt. Nitpicking but a couple of points. The £20m is loans from MSD to Derby that were secured against the stadium They also owe almost all of the fee that they agreed for Bielik, which Arsenal very kindly agreed to delay until they were able to pay it. They also owe almost all of the fee that they agreed for Jozwiak, again the club they bought from kindly agreed to postpone payment. Arsenal will be covered by the football creditors guarantee but I have read elsewhere that Poznan will not be covered by this and will most likely be left without a penny despite Derby recently selling him on for about £2m. The £30m you talk of is just to HMRC, there are more debts owed, I think the Telegraph reported that there is at least £60m in debt and I've seen other reports of it being over £80m. I don't think our club would attract offers much over £80m even right now, and we have a valuable playing squad, a stadium we own and a fantastic modern training ground we also own. Convincing someone to commit anywhere near that kind of money to a club that will almost definitely start next year on -15 points in League One with a squad that is going to be stripped again in the summer is an extremely tall order. 2 Link to post Share on other sites
ScarBoro 856 Posted March 31, 2022 Share Posted March 31, 2022 5 hours ago, Bosco's Tuft said: By who? What if there just isn't any money or assets to pay anyone? Not just in this situation but generally. If there is no money, you don’t as a director put the company into administration. You cease trading immediately and put it into liquidation. The company cannot do anything then and the liquidator simply disposes of any assets and takes his fees out of that before allocating any surplus. As there is no trading, the liquidator has much less to do and therefore much reduced fees. Technically, if there are no assets at all, the directors are responsible for the liquidators fees, I think. Usually though even if the liabilities are much bigger than the assets, there are some assets - machinery or stock and debtors that can enable the liquidator to get paid. in Derbys case, the administrator knew there was money to be made from selling players, if nothing else, that would pay his fees. That allowed them to start work and assess how long the club could trade for, whilst trying to sell it as a going concern. 1 Link to post Share on other sites
Old Codger 3,063 Posted March 31, 2022 Share Posted March 31, 2022 https://www.bbc.co.uk/sport/football/60946333 what a surprise .... Link to post Share on other sites
Tarmo Kink Army 1,122 Posted March 31, 2022 Share Posted March 31, 2022 Seen Ashley is putting his name back into the mix as well, even though the latest statement from Q seems to be a jab at him Link to post Share on other sites
Downsouth 6,326 Posted April 1, 2022 Share Posted April 1, 2022 It's a real mess isn't it? Wakawakawoo Derby County we are still following you! Link to post Share on other sites
Denzel Zanzibar 6,968 Posted April 1, 2022 Share Posted April 1, 2022 2 hours ago, Downsouth said: It's a real mess isn't it? Wakawakawoo Derby County we are still following you! I'll follow them to the end 😉 1 Link to post Share on other sites
Brunners 7,982 Posted April 1, 2022 Share Posted April 1, 2022 13 hours ago, Old Codger said: https://www.bbc.co.uk/sport/football/60946333 what a surprise .... Note how it's still others fault "attempts by some parties to delay and undermine the process". 1 Link to post Share on other sites
GrimsbyBoro 1,968 Posted April 1, 2022 Share Posted April 1, 2022 9 minutes ago, Brunners said: "attempts by some parties to delay and undermine the process". The administrators? I still expect Morris to ride in on a white horse and ‘save’ the club. 2 Link to post Share on other sites
nunthorpered 1,922 Posted April 1, 2022 Share Posted April 1, 2022 21 minutes ago, Brunners said: Note how it's still others fault "attempts by some parties to delay and undermine the process". Probably on about Ashley when he low balls in 😂 Link to post Share on other sites
RiseAgainst 3,792 Posted April 1, 2022 Share Posted April 1, 2022 They'll end up being sold for a tenner like MG Rover. And look how that panned out. 1 Link to post Share on other sites
TeaCider24 12,631 Posted April 2, 2022 Share Posted April 2, 2022 Derby win, Reading and Barnsley draw. They're 6 points from safety with 6 games left. Reading have a game in hand against Stoke on Tuesday. Link to post Share on other sites
Old Codger 3,063 Posted April 2, 2022 Share Posted April 2, 2022 Swansea (A) Fulham (H) QPR (A) Bristol (H) Blackpool (A) Cardiff (H) Reckon they need 4 wins out of 6 to be in with a chance of staying up.. Course the ideal finale would be for Uche to score a last minute winner and send them down by a point to be fair, they are making a fight of it, but could be sorted in next three games Link to post Share on other sites
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