Rival Watch

[Zip]

Brereton-Diaz still a few weeks away from fitness. Been a huge loss for them

Bradley Dack played for the U23s yesterday I think, so he should be back just in time to play us.

Hasn’t he basically been out for 2 years with much the same injury as Meite? He’ll do extremely well to get up to any sort of level this season

Mowbray says he is not match fit and will be on the bench this weekend. He hasn’t played for a year. So if he does play against us he won’t be match sharp.

[Elm Park Kid]

No team in Championship history has stayed up with less than 40 points, and the average is 47. I guess the point deductions changes the maths a bit - but you've always got to expect that one out of the three teams below us will go on a 'Fulham' run.

You can fear that but there is literally no reason to expect that, or do you expect us to do the same?

Doesn't it happen practically every season? One team in the relegation zone wins like 4 out of 5 games.

[Zip]

No team in Championship history has stayed up with less than 40 points, and the average is 47. I guess the point deductions changes the maths a bit - but you've always got to expect that one out of the three teams below us will go on a 'Fulham' run.

You can fear that but there is literally no reason to expect that, or do you expect us to do the same?

Doesn't it happen practically every season? One team in the relegation zone wins like 4 out of 5 games.

I genuinely don’t think so.

[blythspartan]

Chelsea might be a rival soon. I remember the days when they were lucky to attract 18,000 fans to Stamford Bridge.

[Stranded]

Only known bidder for Derby, The Binnie family, have final bid of 30m turned down and admins end negotiations. Apparently going to take 50m & the Binnies do not believe that is value. The 30m would not have paid creditors 25p in £. So Derby would have started next season on -15.

Not believed any other interested parties willing to go as high as 50m.

[Elm Park Kid]

Only known bidder for Derby, The Binnie family, have final bid of 30m turned down and admins end negotiations. Apparently going to take 50m & the Binnies do not believe that is value. The 30m would not have paid creditors 25p in £. So Derby would have started next season on -15.

Not believed any other interested parties willing to go as high as 50m.

The issue is that HMRC are a major debtor and they don't tend to negotiate.

[Zip]

Only known bidder for Derby, The Binnie family, have final bid of 30m turned down and admins end negotiations. Apparently going to take 50m & the Binnies do not believe that is value. The 30m would not have paid creditors 25p in £. So Derby would have started next season on -15.

Not believed any other interested parties willing to go as high as 50m.

So presumably the admins would have to accept an offer of less than £50 million with the bidders knowing the club would start next season on -15 points.

[From Despair To Where?]

And to think their stadium was valued at £81m 4 years ago.

It bemuses me that any stadium is valued at that sort of sum. Without a football club to play in it, its value is surely just that of the land that forms the footprint of the ground.

[Stranded]

Only known bidder for Derby, The Binnie family, have final bid of 30m turned down and admins end negotiations. Apparently going to take 50m & the Binnies do not believe that is value. The 30m would not have paid creditors 25p in £. So Derby would have started next season on -15.

Not believed any other interested parties willing to go as high as 50m.

So presumably the admins would have to accept an offer of less than £50 million with the bidders knowing the club would start next season on -15 points.

Only if they believe it is:

a) in the best interest of the creditors and
b) the creditors would actually accept it.

For example, HRMC are going to have to accept less than the are owed. It is quoted at 30m roughly. They will likely have told the administrators what their minimum is - say 10m. Any bid that is accepted will need to be able to cover that, any football bills and then other creditors.

If the bid is leaving the other creditors with an amount they won't accept (or close to nothing) then they may not accept it. At which point, it may be better for those creditors for the club to be liquidated and get whatever they can from the sale of assets, as it is better than nothing.

There would also be the question of if Derby, as a L1 club with a -15 penalty could keep going without beginning to run up massive debt again. Especially as they are getting to the stage whereby even if a prefferred bidder were announced today, it would likely be June/July before they can actually take control. As Rooney said yesterday, that means the club would start pre-season with no players (well 5 plus youth) and no equipment.

A lot of people, not necessarily you Zip, forget that the admins aren't responsible for the business but those who it owes money to. Any other business bar a football club would have ceased to exist weeks ago.

[Zip]

Only known bidder for Derby, The Binnie family, have final bid of 30m turned down and admins end negotiations. Apparently going to take 50m & the Binnies do not believe that is value. The 30m would not have paid creditors 25p in £. So Derby would have started next season on -15.

Not believed any other interested parties willing to go as high as 50m.

So presumably the admins would have to accept an offer of less than £50 million with the bidders knowing the club would start next season on -15 points.

Only if they believe it is:

a) in the best interest of the creditors and
b) the creditors would actually accept it.

For example, HRMC are going to have to accept less than the are owed. It is quoted at 30m roughly. They will likely have told the administrators what their minimum is - say 10m. Any bid that is accepted will need to be able to cover that, any football bills and then other creditors.

If the bid is leaving the other creditors with an amount they won't accept (or close to nothing) then they may not accept it. At which point, it may be better for those creditors for the club to be liquidated and get whatever they can from the sale of assets, as it is better than nothing.

There would also be the question of if Derby, as a L1 club with a -15 penalty could keep going without beginning to run up massive debt again. Especially as they are getting to the stage whereby even if a prefferred bidder were announced today, it would likely be June/July before they can actually take control. As Rooney said yesterday, that means the club would start pre-season with no players (well 5 plus youth) and no equipment.

A lot of people, not necessarily you Zip, forget that the admins aren't responsible for the business but those who it owes money to. Any other business bar a football club would have ceased to exist weeks ago.

Of course the administrators own costs are racking up here too. Their charges are going to end up running into millions in the end. It still makes me wonder why they didn’t cash in on key players in January to at least bring in much needed funds.

[Pepe the Horseman]

So what is actually going on with Derby now? Did they get an official extension?

[Zip]

No official extension has been confirmed but the EFL seem to have been assured they have sufficient funds to see the season out.

[PATRIQT]

Only known bidder for Derby, The Binnie family, have final bid of 30m turned down and admins end negotiations. Apparently going to take 50m & the Binnies do not believe that is value. The 30m would not have paid creditors 25p in £. So Derby would have started next season on -15.

Not believed any other interested parties willing to go as high as 50m.

Grab your popcorn! Glug, glug, glug.

[Pepe the Horseman]

No official extension has been confirmed but the EFL seem to have been assured they have sufficient funds to see the season out.

So they don't actually need to find a buyer before the end of the season?

[Stranded]

No official extension has been confirmed but the EFL seem to have been assured they have sufficient funds to see the season out.

So they don't actually need to find a buyer before the end of the season?

Apparently not as the admins have forecast that they have enough funds to limp over the line.

Question that needs to be answered though - what happens if Derby get past us and stay up and the cash runs out before a buyer can be found. Would 3rd from bottom be saved or would the Champ just go with 23 clubs.

I can see there being issues as well if they come out of admin in the summer without meeting the 25p limit and get a 15 point penalty applied as they aren't going to finish more than 15 clear of relegation.

[Hound]

Short term they are screwed aren’t they? Right mess they are in

Of the 50m requested, looks like 20m is for the stadium. Presumably that’s 25p in the pound for the dodgy 80m value?

Do agree that not selling players in the window looks dodgy with the value so relatively low for the overall club. Would have recouped and saved them a good few million quid

[Silver Fox]

Only known bidder for Derby, The Binnie family, have final bid of 30m turned down and admins end negotiations. Apparently going to take 50m & the Binnies do not believe that is value. The 30m would not have paid creditors 25p in £. So Derby would have started next season on -15.

Not believed any other interested parties willing to go as high as 50m.

Grab your popcorn! Glug, glug, glug.

Your popcorn's melted m8

[YorkshireRoyal99]

Short term they are screwed aren’t they? Right mess they are in

Of the 50m requested, looks like 20m is for the stadium. Presumably that’s 25p in the pound for the dodgy 80m value?

Do agree that not selling players in the window looks dodgy with the value so relatively low for the overall club. Would have recouped and saved them a good few million quid

Not just that, but once it is all resolved, it will take them years to get back to where they were, whether they start in the Non-League or flounder in League One and League Two for the next 5+ seasons.

[paultheroyal]

Short term they are screwed aren’t they? Right mess they are in

Of the 50m requested, looks like 20m is for the stadium. Presumably that’s 25p in the pound for the dodgy 80m value?

Do agree that not selling players in the window looks dodgy with the value so relatively low for the overall club. Would have recouped and saved them a good few million quid

Not just that, but once it is all resolved, it will take them years to get back to where they were, whether they start in the Non-League or flounder in League One and League Two for the next 5+ seasons.

We can only but hope

[The Green Programme]

So presumably the admins would have to accept an offer of less than £50 million with the bidders knowing the club would start next season on -15 points.

Only if they believe it is:

a) in the best interest of the creditors and
b) the creditors would actually accept it.

For example, HRMC are going to have to accept less than the are owed. It is quoted at 30m roughly. They will likely have told the administrators what their minimum is - say 10m. Any bid that is accepted will need to be able to cover that, any football bills and then other creditors.

If the bid is leaving the other creditors with an amount they won't accept (or close to nothing) then they may not accept it. At which point, it may be better for those creditors for the club to be liquidated and get whatever they can from the sale of assets, as it is better than nothing.

There would also be the question of if Derby, as a L1 club with a -15 penalty could keep going without beginning to run up massive debt again. Especially as they are getting to the stage whereby even if a prefferred bidder were announced today, it would likely be June/July before they can actually take control. As Rooney said yesterday, that means the club would start pre-season with no players (well 5 plus youth) and no equipment.

A lot of people, not necessarily you Zip, forget that the admins aren't responsible for the business but those who it owes money to. Any other business bar a football club would have ceased to exist weeks ago.

Of course the administrators own costs are racking up here too. Their charges are going to end up running into millions in the end. It still makes me wonder why they didn’t cash in on key players in January to at least bring in much needed funds.

Administrators are paid first; before anyone.

They are the primary creditors to the Company; it’s a condition of being appointed.

They will be the least concerned in that regard.

However, they do have a duty to secure the best return for the creditors and cannot charge anything that would be considered unreasonable (charging in excess of their published terms of business)

However, the ‘terms of business’ for administrators is arguably favourable to them!

No such thing as a poor company administrator/liquidator!