Mike Ashley in talks to seal Compensation deal with Boro

Who are the administrarors paying rent to for the use of the football ground?

We had Ayresome Park locked up until we paid the £1.9 million.
 
You tend to come down with a lot more saleable assets, Norwich absolutely stunk the prem out last time, but still sold 2 player for 60 million in Godfrey and Beundia based on prem performances.

But ultimately I think the 45mill is a position to broker a deal for about 10m because of all the other factors.
Yeah it does put players in the shop window, but you also get some old blokes on high wages who you can't shift, and you likely can't off load the duds you buy (or get less for them), or you end up selling lesser players below market value once you go down (as you can't risk contracts running out, can't afford wages and some have relegation clauses etc).

Then don't forget they actually lost Godfrey and Buendia, and couldn't replace them.
 

EFL address Derby County 'impasse' amid Middlesbrough and Wycombe legal claims​

Middlesbrough and Wycombe believe they have lost earnings due to the Rams' FFP breaches
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The EFL insist they are working to remove one of the major hurdles to a Derby County takeover.

The Rams are the subject of legal claims by Middlesbrough and Wycombe, who believed they have lost earnings due to the club’s Financial Fair Play breaches.

There are three parties interested in buying the club, but all three want the claims resolved before proceeding with a takeover.

The EFL addressed the situation with Boro and Wycombe, now of League One, in their lengthy statement released this evening (Monday).

“Middlesbrough FC commenced its claims against the Club over 12 months ago in arbitration proceedings, the framework for which is set out in EFL Regulations,” read the statement.

“The EFL is not a party to those proceedings and nor does it have a role in determining the outcome of them. As the arbitration proceedings are private and confidential, we are unable to provide any further detail.

“The EFL is aware that the Administrators have also received notice of claims from Wycombe Wanderers FC of a similar nature to those of Middlesbrough FC, but the EFL has not received full details of them.

“The current situation remains challenging as Middlesbrough and Wycombe Wanderers consider their claims should be protected under the terms of the Insolvency Policy. The Administrators disagree.

“Further, as those claims are not yet determined the Administrators and bidders have no clarity on the size of any (if any) liability. That has implications for exiting administration, and ultimately the Club being able to retain its membership status.

“We are aware that Derby County consider the claims to be spurious, but despite this, the current bidders appear unwilling to assume the risk of defending them.


“In contrast, Middlesbrough FC and Wycombe Wanderers consider the claims to have merit, and that their rights will be adversely affected if Derby County can extinguish or compromise the claims using the insolvency process.


“The EFL is keen to try and resolve the current impasse. The EFL invited each of the Administrators, Middlesbrough FC, and Wycombe Wanderers to make submissions on this point last week, and we are now in the process of reviewing those submissions with a view to identifying a route to resolve the conflict which exists between the respective positions of, on the one hand, Derby County, and on the other Middlesbrough and Wycombe Wanderers.”



* ".....we are now in the process of reviewing those submissions with a view to identifying a route to resolve the conflict"

Which means they cant dismiss the claims out of hand. Appears Steve Gibson is sticking to his guns(y)
 
Have no idea how this will end, I fear the upcoming home game against Derby could be a difficult and dangerous one
I'd imagine any trouble from Derby would just double Boro's resolve and turn any of the fans with sympathy for them against them.

Every club has it's idiots but it would be spectacularly stupid for Derby fans to come to Boro and cause problems.
 
According to The Athletic,

EFL address Derby County 'impasse' amid Middlesbrough and Wycombe legal claims​

Middlesbrough and Wycombe believe they have lost earnings due to the Rams' FFP breaches
View attachment 31741
The EFL insist they are working to remove one of the major hurdles to a Derby County takeover.

The Rams are the subject of legal claims by Middlesbrough and Wycombe, who believed they have lost earnings due to the club’s Financial Fair Play breaches.

There are three parties interested in buying the club, but all three want the claims resolved before proceeding with a takeover.

The EFL addressed the situation with Boro and Wycombe, now of League One, in their lengthy statement released this evening (Monday).

“Middlesbrough FC commenced its claims against the Club over 12 months ago in arbitration proceedings, the framework for which is set out in EFL Regulations,” read the statement.

“The EFL is not a party to those proceedings and nor does it have a role in determining the outcome of them. As the arbitration proceedings are private and confidential, we are unable to provide any further detail.

“The EFL is aware that the Administrators have also received notice of claims from Wycombe Wanderers FC of a similar nature to those of Middlesbrough FC, but the EFL has not received full details of them.

“The current situation remains challenging as Middlesbrough and Wycombe Wanderers consider their claims should be protected under the terms of the Insolvency Policy. The Administrators disagree.

“Further, as those claims are not yet determined the Administrators and bidders have no clarity on the size of any (if any) liability. That has implications for exiting administration, and ultimately the Club being able to retain its membership status.

“We are aware that Derby County consider the claims to be spurious, but despite this, the current bidders appear unwilling to assume the risk of defending them.


“In contrast, Middlesbrough FC and Wycombe Wanderers consider the claims to have merit, and that their rights will be adversely affected if Derby County can extinguish or compromise the claims using the insolvency process.


“The EFL is keen to try and resolve the current impasse. The EFL invited each of the Administrators, Middlesbrough FC, and Wycombe Wanderers to make submissions on this point last week, and we are now in the process of reviewing those submissions with a view to identifying a route to resolve the conflict which exists between the respective positions of, on the one hand, Derby County, and on the other Middlesbrough and Wycombe Wanderers.”



* ".....we are now in the process of reviewing those submissions with a view to identifying a route to resolve the conflict"

Which means they cant dismiss the claims out of hand. Appears Steve Gibson is sticking to his guns(y)
According to the Derby administrators, they are citing a legal loophole in order to not be liable against the claim.

The EFL have commissioned independent legal advice, which states that both boro and Wycombe would be classed as "football creditors" and therfore any settlement would have to be paid in full, rather than 25%, to other creditors.

And neither boro or Wycombe have had any contact from Derby since last year.

All in all its a way from being settled.
 
nothing screams innocence like scrabbling for a legal loophole
I guess so, but the Administrators role is solely to settle debt at the minimum cost, entering into a legal dispute will cost in itself, with the risk of being found against them.

I think the EFL will encourage arbitration, which may avert the need for legal challenge and that's why they've sought the independent legal advice. In effect its given them the platform to bring the Administrators to the table.
 
I guess so, but the Administrators role is solely to settle debt at the minimum cost, entering into a legal dispute will cost in itself, with the risk of being found against them.
true and also to find a route to exit administration, often by finding a suitable buyer to take the club on as a going concern, they have found 3 parties all of which have serious concerns when doing due diligence, regarding the legal claims.

I think the EFL will encourage arbitration
If I read it correctly it has effectively been in arbitration for about a year and Boro haven't heard anything from the Derby side for a couple of months.
In effect its given them the platform to bring the Administrators to the table.
I'm not sure that the administrators will have the capability to do more than what Morris has done which is say "your claim is spurious and won't win", of course that doesn't make it so. I notice that these are the same admin that made a pigs ear of Portsmouths first administration, that saw them back in administration less than 2 years later. Pompey fans were deeply unhappy with the administrators conduct and resolution at the time.
 
I'd imagine any trouble from Derby would just double Boro's resolve and turn any of the fans with sympathy for them against them.

Every club has it's idiots but it would be spectacularly stupid for Derby fans to come to Boro and cause problems.
Is it just me that thinks I am more likely to die laughing at Derby fans than in conflict if they decide to "kick off".
I don't want the club to go bust, but angry Derby fans? Don't make me laugh.
 
Is it just me that thinks I am more likely to die laughing at Derby fans than in conflict if they decide to "kick off".
I don't want the club to go bust, but angry Derby fans? Don't make me laugh.
Dunno mate, they are frothing at the mouth, and have demonised Gibson, because it's easier than admitting they were duped. There are some unhinged views on the interweb from their lot
 
true and also to find a route to exit administration, often by finding a suitable buyer to take the club on as a going concern, they have found 3 parties all of which have serious concerns when doing due diligence, regarding the legal claims.


If I read it correctly it has effectively been in arbitration for about a year and Boro haven't heard anything from the Derby side for a couple of months.

I'm not sure that the administrators will have the capability to do more than what Morris has done which is say "your claim is spurious and won't win", of course that doesn't make it so. I notice that these are the same admin that made a pigs ear of Portsmouths first administration, that saw them back in administration less than 2 years later. Pompey fans were deeply unhappy with the administrators conduct and resolution at the time.
Interesting about the Portsmouth link.

I think you're right though, it's like any process in that it's only as good as those who are driving it.
 
Didn’t their so- called hard men try to cause trouble in the town centre- albeit fat sods who were close to pension age?!

Unfortunately I think the hysteria from more mainstream fans of them could well boil over. Biggest police presence of the season beckons I’m afraid
 
"....And neither Boro or Wycombe have had any contact from Derby since last year."
We cant say that because we dont know for certain.
I would suggest that it is likely that there has been some communication with the Administrators.
Its almost three weeks into January.
Hard to believe its been a month or more since there was any mediation / contact.
We will see.

 
My take (guess) on this is that Boro and Wycombe see themselves as football creditors, rather than just creditors. For legal administration purposes this means nothing BUT for Derby to be allowed back into the EFL, the league's rules state that all football creditors have to be paid in full.

So Derby the company can get a plan to come out of admin with a deal for pennies in the pound as long as the majority of creditors agree but they cant get back into EFL as Derby County until 100% of football debts settled
 
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