Derby in the Guardian

Linthorpe_Exile

Linthorpe_Exile

Well-known member
And the amount being claimed is again.... "Boro, whose owner, Steve Gibson, has branded Derby cheats, are seeking about £45m after being pipped to a Championship play-off place by Derby in 2019"...
But much worse, if true... "Crucially, the club are thought to have had positive conversations with the preferential creditor, HMRC, over an agreement to pay significantly less than the £29.3m they owe"

:mad:
 
Linthorpe_Exile said:
And the amount being claimed is again.... "Boro, whose owner, Steve Gibson, has branded Derby cheats, are seeking about £45m after being pipped to a Championship play-off place by Derby in 2019"...
But much worse, if true... "Crucially, the club are thought to have had positive conversations with the preferential creditor, HMRC, over an agreement to pay significantly less than the £29.3m they owe"

:mad:
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If that is the case regarding the amount they owe the HMRC then they shouldn't be allowed to purchase players until they have paid it all off.
 
If/when they come our of admin the EFL has to sign off their business plan before lifting the embargo. I would imagine that if they pay HMRC 25% for example, then the resulting years business plan would involve further HMRC payments before they can sign players or invest
 
The window shuts in 6 days, hopefully their takeover isn't confirmed by then and they have to sell a few players.

Lawrence wanted by Bournemouth, Millwall after another of their players.
 
TeaCider said:
The window shuts in 6 days, hopefully their takeover isn't confirmed by then and they have to sell a few players.

Lawrence wanted by Bournemouth, Millwall after another of their players.
Click to expand...
Then hopefully it'll be 'Derby in the Garden' as they don't own a stadium or training ground.....
 
I’ve still not seen any of the media address the issue that of Derby are allowed to pay back a reduced amount to creditors (except football creditors) and then potentially buy the ground back for £20m and possibly (given they could still survive) a year’s sabbatical in the Third Division is clearly not a sufficient punishment.

You an argue all you want about the history, how damaging it is to the town, impacts upon the fans, but they simply cannot be allowed to effectively write off £100m plus losses when no other club has been afforded the same benefit.

I feel for the fans to some extent however they don’t seem to realise they’ve had their cake and they are still trying to eat it. There has to be additional conditions attached to the sale meaning all debts must be paid back and the stadium has to be bought for the same price or more than it was sold for, otherwise the club has not been punished.

Unfortunately we all know it won’t happen, they’ll have benefited to the tune of £120m, had a year of pain and then be in a much better financial position than virtually every other club in the Championship - which is preposterous.
 
Linthorpe_Exile said:
And the amount being claimed is again.... "Boro, whose owner, Steve Gibson, has branded Derby cheats, are seeking about £45m after being pipped to a Championship play-off place by Derby in 2019"...
But much worse, if true... "Crucially, the club are thought to have had positive conversations with the preferential creditor, HMRC, over an agreement to pay significantly less than the £29.3m they owe"

:mad:
Click to expand...
Further evidence, if it was needed that the Guardian is now a right wing paper.

They should rename it the Guardian of the Tax Fraud.
 
Cogeur_le_Conq said:
Further evidence, if it was needed that the Guardian is now a right wing paper.

They should rename it the Guardian of the Tax Fraud.
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Just rename it "The Establishment".
Its an official mouthpiece for Whitehall "leaks" - ie: pre-selected privilege to information from t.he civil service and the military.
Neoliberalism - dressed up in slacks and an organic cotton jumper.
 
Subbuteo_171 said:
I’ve still not seen any of the media address the issue that of Derby are allowed to pay back a reduced amount to creditors (except football creditors) and then potentially buy the ground back for £20m and possibly (given they could still survive) a year’s sabbatical in the Third Division is clearly not a sufficient punishment.
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IF they buy the stadium back for much less than 80m then surely there must be some repercussions for selling at an inflated 80m! Points deduction?
 
BoroMart said:
IF they buy the stadium back for much less than 80m then surely there must be some repercussions for selling at an inflated 80m! Points deduction?
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I seem to recall from the investigation at the time it wasn't technically illegal for them to do, and Derby had an 'independent' valuation to the £81 million from some property/asset firm in that London, which the EFL agreed to.

I assume they will say that valuation was based on future rental earnings to DCFC, putting an additional tier on and selling 38,000 ST a season and hosting Beatles come back concerts with the original line up ten times a year.

If those plans haven't come to fruition then, the stadium value has unfortunately fallen to £25 million or whatever.

And it is just a helpful coincidence that poor Derby can't do anything about, that the £81 million sale stopped them failing FFP for two seasons and that the administration and buy back has removed over £100 million in debt and they are free to start over.

It's almost as if Gibbo knew what they would do and that his lawsuit is probably more to do with someone artificially (probably in cahoots with the administrators) undervaluing everything to get away with paying as little as possible for the new owner (possibly some shadowy MSD/Dell/Morris shell company if not Ashley) to get a club 'worth' £150 million that should have £150 million in debt also for £30-£40 million.

And the circle continues..............
 
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