Derby into administration.

[Impey0711]

Looks like derby have accepted the 21 point deduction they have withdrawn their appeal for the 12 point deduction they were given a short while back so it looks like Wayne Rooney's league 1 derby county that's if he don't jump ship ......

[cross it Dave]

Normally, I would feel sorry for the clubs fans, but not in Derby’s case.

[KevC59]

No sympathy at all for them, cheating is cheating, be it on the field of play, or in financial matters, suck it up!!!!

[SheepRanger]

Shame they couldnt hold back on some point deductions until they're in L1

[Dono77]

Good. Have they got a decent full back we can have????

[dave58]

Can see the EFL caving in on this, which is Bollo(ks they've been at it for last 3 years not the last 18 months, there should be no ground given on this the penalty should stand, if i were the Wycombe & Sheff Wed chairman i'd be going to the EFL for compensation, as its only that Derby have been Dodgy that they were relegated, especially Wycombe, Sheff Wed have already had a points deduction

[davieqpr]

Most EFL clubs, including us. were able to take a loan from the EFL and work out a timetable for repayment. Derby were unable to access a loan as they had no means of paying it back. This could be the basis of their appeal.

[Undecided]

I hope not. The rule has been in place for a long time - Administration = 12 pts deduction. They can't be seen to be making exceptions.

Having said that, the EFL have been shown to be farkin useless so you may be right.

Regretfully, I think you could be right too.

But, I just can't see how they can let Derby off because of Covid. Surely every club has been hit, and can blame their precarious position on the Virus. That being so, why can't any club that subsequently goes into Administration say "OK, so we may have gone into Administration, but if it hadn't been for Covid we would have been in a stronger position, and not have had to go into Administration."

It therefore gives any clubs ready made and applied excuse to void the points deduction.

[72bus]

They will suspend some of the points at the appeal

[gator]

If there is one club, after Chelsea, I would like to see go bust, it is Derby County.

And their scussy supporters can do one, especially the #### iI had a stand up row with the pub in Marylebone station after Wembley, fu ck em.

I'm sure they have some good fans, I just haven't met them, every one of them I chatted with when I came over for the Wembley final was a dick, on top of that we had one at our hotel try to start a fight with us, goodbye!

[cross it Dave]

If there is one club, after Chelsea, I would like to see go bust, it is Derby County.

And their scussy supporters can do one, especially the #### iI had a stand up row with the pub in Marylebone station after Wembley, fu ck em.

[SheepRanger]

I tend to disagree that there's always a buyer. There's tighter FFP in League One including a £2.5 million salary cap. Doesn't matter how rich/stupid new owner is, they cant really buy or spend their way to promotion - they'd have to do it purely on a shoestring and sporting merit, concepts totally alien to folks of Derby it seems. To do that from a starting point of at least minus £50million is utterly unfeasible.
Ultimately it depends what the administrator unearths. My gut feeling is they will discover a total mess of debt and s-housery that will make DCFC totally unviable for sale in any reasonably competitive form.

Other than the starting point of £50m could be £5m if the creditors accept 10p in the £1 if the admin process progresses to insolvency.

When Leeds entered an IVA, from memory it started at 14p in the £1 but HMRC objected because Bates was involved in the old and the new company in some capacity. Their thinking it was a debt clearing exercise only. I think it settled at circa 20p per £1 of debt.

It Morris is not involved in the preferred new company then it will be down to the administrator which bid to accept. The highest bid might be 30p in the £1 but a different company offering 25p in the £1 may be accepted if it was more likely to result in a sale.

How much debt do you think a football owner would take on if the stadium and training facilities would be subject to monthly rental fees to Morris's seperate companies? There dont seem to be any players of value there, so I doubt the football side alone is worth a huge amount with player contracts to pay?

[Abseits]

There's always someone out there prepared to buy a distressed football club at 10p to £1 debt. All debtors will have to accept a haircut to recoup some of their losses.

They'll be in L1 next season even if they have to see the season out by playing the U18s.

I tend to disagree that there's always a buyer. There's tighter FFP in League One including a £2.5 million salary cap. Doesn't matter how rich/stupid new owner is, they cant really buy or spend their way to promotion - they'd have to do it purely on a shoestring and sporting merit, concepts totally alien to folks of Derby it seems. To do that from a starting point of at least minus £50million is utterly unfeasible.
Ultimately it depends what the administrator unearths. My gut feeling is they will discover a total mess of debt and s-housery that will make DCFC totally unviable for sale in any reasonably competitive form.

[SheepRanger]

There's always someone out there prepared to buy a distressed football club at 10p to £1 debt. All debtors will have to accept a haircut to recoup some of their losses.

They'll be in L1 next season even if they have to see the season out by playing the U18s.

[ConorQPR2000]

Apparently any new owner has to clear £50m of debt from Derby's books alone.

1. £10m apparently owned to Football Creditors.
2. £20m secured debt from an American Hedge Fund.
3. £30m tax bill.

On top of that Derby have requested their payments to players are delayed, that would mean points deductions and non-payment to football creditors also means a points deduction.

Im no financial advisor, but this aint looking good, there is a very real chance of liquidation if they cant find a buyer.