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I'm just watching the replay of the House of Commons discussion from earlier today. It certainly seems that there is support behind us (Derby) and these legal actions don't seem to have much to stand on.
There was a statement from an site owner of a Boro forum saying that Gibson had given them details of how they came up with the £45m figure and it was based on betting odds... Try to get that to hold up in a court of law.
The language used by EFL and Boro statements isn't very professional at all and the EFL statement contradicts itself and earlier statements regarding us on several occasions. I'm hoping we get an update from our side soon and that this can all be over with.
Just a minor matter of the East Midlands Derby this weekend. No big deal. Could be the last one ever, we could have no players left if all sold off for scrap value and we could have no manager if the media get their preferred candidate for the Toffee job...
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Them and the EFL have both issued statements in the last 24 hours that read like they're trying to save face with the claims and delays. The pressure is put on by fans and groups who are making themselves heard and the discussions has been raised in parliament today.
Boro's claim is about our finances for a season where they lost 4 of their last 5 fixtures to reach the play-offs. No doubt if we weren't "cheating" they would've won all those matches, qualified for the play-offs and got promoted...
They're claiming themselves as a football creditor (required to get 100% of money owed in a administration agreement), but they don't qualify as this at all in the letter of the law. The EFL's statement yesterday agreed that their own rules were vague and open to interpretation. They haven't got updated in line with UK insolvency laws that came into place in 2020.
The EFL isn't fit for purpose. Boro money men need to wind their necks in and Wycombe are an unnecessary distraction.
Whilst all this is going on, rumours of Rooney to Everton are gathering pace and no doubt we'll go from one problem to another.
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If he goes we’d be relegated but hopefully get enough money from Everton to survive the season.
If he stays, we might just stay up and his stock would be so high that he could well be in line for a good job and not another relegation scrap.
We’ve been here before with Lampard. Former club needs a manager and the obvious link is to a young rookie who is doing a good job elsewhere. Rooney seems to have a bit more about him than jumping ship at the first opportunity.
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I think Darren Bent was the least of our worries. Looking at the books around that time we were paying rather high wages to make that gamble for promotion. Lots of teams do that.
The problem was we kept trying to sustain it instead of having a couple of years of resetting the accounts and poor transfer dealings (Ikechi Anya for £4m and 5 year contract -4 of which plying in reserves - for example) and firing managers for a range of reasons racked up some serious costs which wasn’t kept under control.
We went to the Playoff final twice in the last 8 years and obviously failed, but either of those results going the other way and the gamble that Morris took would’ve paid for itself.
There’s a lot of championship clubs about to pop and a lot are conveniently finding ways of using Covid to circumnavigate fines and deductions. Stoke have signed off a load of debt, Boro have been getting money from Gibsons haulage company, Reading had a massive loss they just received a 4 point deduction for, Bristol City announced they lost £40m last year. There will be more of this happening.
The championship is fucked. Too many people gambling to make the leap into the EPL. I think only Brentford in the last 10 years haven’t pushed the FFP regulations to the limit (or had complete disregard for it).
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Not sure how it got to such a figure. One school of thought is that Morris stopped making PAYE contributions as he looked to alleviate costs incurred while he was trying to sell. The longer the thing dragged on the more the debt grew. The Covid situation meant they could delay tax filing and this allowed him to rack up higher debts to HMRC.
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We were doing our accounts each year, but we were using a form of amortisation that was uncommon in football and the EFL (who originally signed off on these documents) eventually took exception and we had to redo our accounts with the industry standard straight line method. They then redid the rules to stop others using the method we were.
Morris had been looking to sell the club since 2019 at least, but his decision making and ongoing battles with the EFL has made the club unappealing to investors for the value he wanted.
Now we find ourselves in admin and the rumour is that Ashley has bid the highest amount £50m which should pay off creditors at an agreed value (unclear of this structure as it’s just a rumour) and include buying back the stadium (rumoured to be ~£20m of the value). It’s an absolute mess, but the EFL are blocking the route out of admin due to these vexatious claims and this could lead to the end of the club as we know it.
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I don’t think a fans group would be able to pay off the debts. There are 3 credible offers from potential owners but we can’t accept them because the EFL want us to treat the Boro and Wycombe claims as football creditors when they shouldn’t even be a consideration.
Wycombe still would’ve been relegated even if our points deduction had happened last season. Boro are claiming for lost earnings when their form was terrible and they slipped to 7th in the table.
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Derby County: EFL asks for proof of how club will be funded for rest of season https://www.bbc.co.uk/sport/football/59995698
Right, I need to start banging the drum about this and spread the word about how shit this whole situation is. The news articles seem to buried in the lower ends of the news feeds on most outlets, but I fear without intervention or more publicity about what is happening that we’ll cease to exist before the end of the season.
Latest summary from our administrators:
3 bids on the table, exit strategy in place and ready to go. However, EFL are deciding that claims from Boro (for their failed attempt to get into playoffs two years ago) and Wycombe (relegated 2 places below Derby last season - note that Rotherham are not taking legal proceedings despite being the team that would’ve survived if we went down) need to be settled before they entertain any of these plans to get out of admin.Basically they’re changing the rules and also not complying with law to make sure we get punished. We’re hamstrung by them and the only way out seems to be settling these financially (when we would easily win any legal proceedings) by paying them as football creditors.
This action could easily be the end of the club and cost thousands of jobs (both within club and the wider community that rely on it).
I appreciate that the reason the club is in this place is due to misdemeanours and discrepancies of the last owner, but we’ve taken points sanctions on the chin and battled back to have some sort of chance at safety. Plus we’ve been under various transfer embargoes for 3 seasons now and are now being told to accept low ball offers for players and not allowed to replace them with anybody.
Money has ruined football. My eldest son is currently obsessed with football and I’ve been lucky enough to get him interested in Derby (he also follows Arsenal and likes Son and Kane at Spuds). Now I don’t know if I’ll ever get the pleasure of taking him to a Derby match so we can cheer on the team together.
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You guys should be thankful your players are just ill/injured. If the reports are true from the Derby training ground, we've been told that we can't even extend a contract of a player on ~£4k a week (Jagielka) so he won't play for us again.
Absolute joke state of affairs. Just want the whole administration thing over, but claims from Middlesboro and Wycombe chairmen seem to be muddying the waters so much that it's even less straight-forward than a normal administration case.
I think we have 8 players who are contracted past this summer...
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He was probably generalising but "All credit to our academy" isn't true at all. There should be credit to the other academies that have produced players to a certain level only for them to be sniped at the latest possible chance to get a good deal.
I can't say I'm fully up to speed with Liverpool's academy, but I'm pretty sure that Gordon isn't the only one they've signed as a 16/17 year old recently. Conor Bradley was signed 2 years ago as a 16 year old and played this weekend too, and Harvey Elliott (although I don't think he played at the weekend) was picked up from Fulham for a nominal fee as well.
They aren't the only club that do this. I know Derby sign some promising youngsters when they can too. We have invested a lot of money in trying to compete at academy level with the big clubs and have started to get some good results from it, it just massively backfires when the crown jewels are effectively stolen before the club can get any value from their investment.
What really boils my piss is Klopp's smugness. He used to be (kind of) likeable.
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Bitter sweet to see Kaide Gordon score for Liverpool at the weekend. He was such a bright player in our academy and I watched him excel at u21 level as a scrawny 16 year-old. It was really annoying losing him for a measly amount to the Kopites as we couldn't get a decent fee for him when he hadn't signed a pro-contract with us, but I wish him well with his career and hope he goes on to fulfil his potential.
However, Klopp's COVID must've affected his memory... This is a quote from him after the match:
"It was a brilliant goal from Kaide Gordon. He was really calm and composed. His main strength is his finishing.
"All credit to our Academy that they produce these boys but we had no other line-up available to us."All credit to Liverpool's academy for signing players for minimal fees and then claiming them as products of their own academy less than 12 months later? Fuck off...
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Why are all the ITV staff saying the West Ham goal is offside when you can clearly see Lanzini has another touch before the goalie fumbles it that means the ball is ahead of Bowen when the ball breaks through.
They all seem to be talking about the last touch being the moment before when Bowen was offside. Surprised no one has corrected any of the broadcast team.
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Thanks for the heads up @Glws
Yeah, I’ve got some pairs of carbon track wheels for sale. All in great structural condition and available at a bargain price.
Check them out in the post below (2 pairs left here)
https://www.lfgss.com/conversations/364145/#comment16151125