Agreed but how mediocre were Bournemouth a real case of complacency if ever there was one 2-1 up at half time thought they only had to stroll through 2nd half.Derby good value for their win today. Much the better team. Good all round team performance. Lack of depth to squad is Achilles heel. Lawrence is main goal threat. May need to sell to strengthen depth of squad.
If the sale of the club has not gone through by the end of the year, does it mean that the administrators can sell player's to help pay creditors in the transfer window?
How much of that is secured against the ground? If the ground is owned by Mel rather than DCFC then it is Mel who owes the money rather than Derby.If the Administrators are still in charge come January 1st, players will have to leave just to finance future wage bills.
If the club have new owners players will still be leaving.
The owners will have to agree with the EFL to a business plan which is workable; that will mean at L1 levels.
Nixon thinks they have 83.4m of debt to secured creditors and 36.2m of debt, and they only have 160k of cash in hand at the bank.
How much of that is secured against the ground? If the ground is owned by Mel rather than DCFC then it is Mel who owes the money rather than Derby.
Either way that’s a fuck tonne of debt they need to deal with so it’s going to be tough to find a buyer willing to shell out that sort of money on a Championship club, let alone a league one club.
So he is going to want £20m for that alone to clear the charges on it. Ouch.20m is secured against Club/Morris assets
If the Administrators are still in charge come January 1st, players will have to leave just to finance future wage bills.
If the club have new owners players will still be leaving.
The owners will have to agree with the EFL to a business plan which is workable; that will mean at L1 levels.
Nixon thinks they have 83.4m of debt to secured creditors and 36.2m of debt, and they only have 160k of cash in hand at the bank.
Unless they think the club is best served by keeping the players, as happened at Leicester. Can’t see that happening here though and they are already talking about letting Lawrence go on a free.I may be wrong but I was under the impression that if a sensible bid came in for players the administrators were duty bound to sell to clear some of the debt and pay wages etc?
That debt level is crazy. Plus the added bonus of legal cases from Boro & Wycombe. Can still see them going bust at this rate.
Those numbers certainly make it more difficult for them to do anything else. Makes the effective asking price way above market value, with more expense needed right from day one and little to no chance of recouping the investment.They will probably have to form a newco like Rangers and start again.
Problem is where do they start from? Don't think they'll be as privileged as Rangers to start from League Two.
Even Conference North might be optimistic.
When Hereford United went bust in 2014 they started off in the Midland League prem (9th tier). Their first game was Dunkirk, away. It would be so funny to see them in a similar situation.They will probably have to form a newco like Rangers and start again.
Problem is where do they start from? Don't think they'll be as privileged as Rangers to start from League Two.
Even Conference North might be optimistic.
Think Gibson knows he stands little chance, but is just trying to muddy the waters for potential buyers.Cannot see anything coming of the legal challenges as existing punishments exist for the breaches through the EFL have been exhausted and now concluded with points penalties.
I may be wrong but I was under the impression that if a sensible bid came in for players the administrators were duty bound to sell to clear some of the debt and pay wages etc?
I may be wrong but I was under the impression that if a sensible bid came in for players the administrators were duty bound to sell to clear some of the debt and pay wages etc?