Extra month for Derby

I am pleased Derby have got another month.

It will interesting what happens in the transfer window with them.
 
Redwurzel said:
I am pleased Derby have got another month.

It will interesting what happens in the transfer window with them.
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I'm not - Why should Derby be allowed to pay a reduced tax bill when other clubs have been forced out of existence when they could not pay the HMRC. This is a club that next season will be buying players and pushing for promotion. For me, they shouldn't be allowed to spend money on players until the debts to the HMRC are paid in full.

Taken from the link: The extra month also allows more time for Derby’s debt to HM Revenue & Customs to be addressed. The club are thought to have had positive conversations with HMRC over an agreement to pay significantly less than the £29.3m they owe.
 
good, maybe now the pressure will be on them to sell their bloody players that they still can't afford. I mean Lawrence, their only real goal threat is allegedly on about 35k/week, They could sell him for 250k (6 months left) and save 500k in wages. With the debt they have that 750k difference should not be ignored by administrators that are trying to play at being a football manager. You owe HMRC 29m, sell your damned assets and pay up
 
BoroMart said:
good, maybe now the pressure will be on them to sell their bloody players that they still can't afford. I mean Lawrence, their only real goal threat is allegedly on about 35k/week, They could sell him for 250k (6 months left) and save 500k in wages. With the debt they have that 750k difference should not be ignored by administrators that are trying to play at being a football manager. You owe HMRC 29m, sell your damned assets and pay up
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Exactly, every other team that's struggled financially has had to do it.
 
Norman_Conquest said:
I'm not - Why should Derby be allowed to pay a reduced tax bill when other clubs have been forced out of existence when they could not pay the HMRC. This is a club that next season will be buying players and pushing for promotion. For me, they shouldn't be allowed to spend money on players until the debts to the HMRC are paid in full.

Taken from the link: The extra month also allows more time for Derby’s debt to HM Revenue & Customs to be addressed. The club are thought to have had positive conversations with HMRC over an agreement to pay significantly less than the £29.3m they owe.
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They should have to pay every penny back, not less than what they actually owe, totally wrong & again sends out the wrong message that cheating pays

Not sure Bury, who IIRC, owed money to the taxman, would be happy with this latest development
 
Norman_Conquest said:
Exactly, every other team that's struggled financially has had to do it.
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Unfortunately that is not the case which is why football has such a bad name in these matters. The football authorities only insist on football creditors being paid 100%, anybody else it is get away with whatever you can do.
In respect of the other creditors DCFC are being treated no differently to other companies that go into liquidation; pay what you can if anything and then start again as a new company. The difference with other companies is that when they have gone bust and re-started, they have to go out and get new customers and literally start from scratch. In the football scenario, unless the FA kick them out of the league, they have a ready made core of customers ready to start paying up the first weekend a game is on.
Bury were just unfortunate, that they couldn't come to agreement with all their creditors.
 
According to the administrators they wouldn't be able to operate after the end of January, so what's changed? Where has this extra money come from? Some of their players are on £30k+/week, so we aren't talking peanuts.
 
uncle_rico said:
According to the administrators they wouldn't be able to operate after the end of January, so what's changed? Where has this extra money come from? Some of their players are on £30k+/week, so we aren't talking peanuts.
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hopefully the tax man has told them to sell players and pay up.

Derbys primary asset isn't Lawrence on 35k/week and 6 months left. or even players like Bird or Buchanen who have value. The main asset is 30k fanbase. The clubs value is that they have a fanbase that with the right off field structure is a prem club. The media are basically telling us this "big club, not fair on the fans", proves where the real assets are.

The admin should be selling these short term assets to ensure survival, and rely on the existence of the long term assets / fans to aid selling the club. What they have been trying to do is avoid being held to account for their debt by holding onto the players in the hop of staying up.
 
BoroMart said:
hopefully the tax man has told them to sell players and pay up.

Derbys primary asset isn't Lawrence on 35k/week and 6 months left. or even players like Bird or Buchanen who have value. The main asset is 30k fanbase. The clubs value is that they have a fanbase that with the right off field structure is a prem club. The media are basically telling us this "big club, not fair on the fans", proves where the real assets are.

The admin should be selling these short term assets to ensure survival, and rely on the existence of the long term assets / fans to aid selling the club. What they have been trying to do is avoid being held to account for their debt by holding onto the players in the hop of staying up.
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I totally agree Mart, but their running costs must be similar to ours, which is well over £1m/month. I'm assuming the EFL have asked to see where those funds are coming from, or are we all just to accept that it's from the magic Derby money tree?
 
norfolkngood said:
Unfortunately that is not the case which is why football has such a bad name in these matters. The football authorities only insist on football creditors being paid 100%, anybody else it is get away with whatever you can do.
In respect of the other creditors DCFC are being treated no differently to other companies that go into liquidation; pay what you can if anything and then start again as a new company. The difference with other companies is that when they have gone bust and re-started, they have to go out and get new customers and literally start from scratch. In the football scenario, unless the FA kick them out of the league, they have a ready made core of customers ready to start paying up the first weekend a game is on.
Bury were just unfortunate, that they couldn't come to agreement with all their creditors.
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I understand that and maybe allowing sentiment to get in the way but why can't Derby sell their assets to meet the debts owed. A few have mentioned Lawrence on large wages, surely getting him off the books and money in would help. I am sure there are several others on high wages.
 
I agree - they must have quite a few players who were given contracts say in 2019 on very high to high wages - say £25k to 30k/week plus.

It took us 3 to 4 years to significantly reduce our wage bill built up say in the Premier league year and the Monk Summer.

I can understand the Administrators trying to sell the club as a Championship club with a Championship squad, but they can only hold it together for so long without raising money through asset sales.
 
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