Boro to continue with legal case against Derby despite administration

S7DiscoDown

Well-known member
I really hope our house is in order😂

I am pretty sure Gibson and his team will keep a very night financial paper trail.

I often wounder how the hell we don't come under FFP pressure. We spent best part of 75mil in two seasons. Also some of the wages are simply horrific (Britt/Braithwaite/Rudy etc)

We have only sold Traore / Bamford and Gibson for any type of money (spent that 4 times over). I don't understand finances but we've definitely had far more going out than in. The majority of our big money signings leave for nothing.

Gibson is going for it. To think he fully knows what it's like to be around a liquidated club. I read this morning that a lot of this started over the way Derby gazzuped us for Waghorn. I'd be thanking Morris for helping us dodge a bullet😂.
 

TeaCider

Well-known member
I really hope our house is in order😂

I am pretty sure Gibson and his team will keep a very night financial paper trail.

I often wounder how the hell we don't come under FFP pressure. We spent best part of 75mil in two seasons. Also some of the wages are simply horrific (Britt/Braithwaite/Rudy etc)

We have only sold Traore / Bamford and Gibson for any type of money (spent that 4 times over). I don't understand finances but we've definitely had far more going out than in. The majority of our big money signings leave for nothing.

Gibson is going for it. To think he fully knows what it's like to be around a liquidated club. I read this morning that a lot of this started over the way Derby gazzuped us for Waghorn. I'd be thanking Morris for helping us dodge a bullet😂.

Parachute payments offset plenty.

We spent £50m the season we came down, but we also made £48m in sales.

The season after we spent £20m but made £43m in sales.

Then we barely spent for the next two seasons.

Obviously wages are a huge factor though, which is why there has been so much cost cutting.
 

r00fie1

Well-known member
Support to Steve Gibson.
Its the principle and should send out a huge message to other clubs and dodgy owners and Chairman, who fiddle their way round the rules!
 

S7DiscoDown

Well-known member
Parachute payments offset plenty.

We spent £50m the season we came down, but we also made £48m in sales.

The season after we spent £20m but made £43m in sales.

Then we barely spent for the next two seasons.

Obviously wages are a huge factor though, which is why there has been so much cost cutting.
That sounds about right👍

I'm sure Gibbo is savvy enough not to go after Morris and Derby if we have anything to hide.
 

Subbuteo_171

Well-known member
Yes, going into administration is self-inflicted punishment, if you will.

The cheating has not been punished at all thus far.
Will be interesting to see how much debt they have to pay back, 25% minimum of the non football and 100% football is the perceived rate. So if they owe £26m to HMRC as mooted, they’ll pay back just over £6m and get away with £20m.

Doesn‘t seem a fair punishment that.

And anyone else think they’ll be able to buy the ground back for virtually nothing, allowing them to benefit even further?
 

uncle_rico

Well-known member
They’ve basically accepted relegation by going into administration, but it allows them to dodge paying back a lot of their debt.
 

Low_Key

Well-known member
Will be interesting to see how much debt they have to pay back, 25% minimum of the non football and 100% football is the perceived rate. So if they owe £26m to HMRC as mooted, they’ll pay back just over £6m and get away with £20m.

Doesn‘t seem a fair punishment that.

And anyone else think they’ll be able to buy the ground back for virtually nothing, allowing them to benefit even further?
i thought it was 100% for HMRC, 100% for football and then it drops to 25%.

i did also worry that the ground would be available for £1. i might put an offer in :ROFLMAO: :ROFLMAO:
 

Caesium137

Well-known member
i thought it was 100% for HMRC, 100% for football and then it drops to 25%.

i did also worry that the ground would be available for £1. i might put an offer in :ROFLMAO: :ROFLMAO:
I kind of hope Gibbo gets into a bidding war if the administrators have to sell the ground.

I'd love him to be their landlord until Derby are back on their feet! I'm sure their fans would really appreciate that.
 

Priv

Well-known member
Parachute payments offset plenty.

We spent £50m the season we came down, but we also made £48m in sales.

The season after we spent £20m but made £43m in sales.

Then we barely spent for the next two seasons.

Obviously wages are a huge factor though, which is why there has been so much cost cutting.

This, when we came down we sold Ramirez, De Roon, Forshaw, Rhodes, Espinosa, Fischer, husband and Barrigan went on loan before being sold, we also sold Christie for 2m more than we bought him for a few months later.
 

Subbuteo_171

Well-known member
i thought it was 100% for HMRC, 100% for football and then it drops to 25%.

i did also worry that the ground would be available for £1. i might put an offer in :ROFLMAO: :ROFLMAO:
Not 100% for HMRC. EFL rules are that a minimum of 25% of non football debt is required, HMRC are in the non football pot.
 

Anterimus

Active member
Not 100% for HMRC. EFL rules are that a minimum of 25% of non football debt is required, HMRC are in the non football pot.
HMRC's status was changed by the government recently so they are classed as a prime creditor now and as such have to be paid in full. I linked a podcast in one of the other posts that explain it all.
 
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