Derby- Enter Administration

[Plonk]

Really concerned for Derby. When we were in this position, well very close, Mandaric was able to negotiate with our creditors to get a package, effectively buying everything for around £30 m.

Any one looking at DCFC have some major non negotiable debts to pay., and the club now has basically no assets and will be in division three next year.

I read the tax bill was around £20 m, then there are wages and payments due to other clubs. Plus the issue with the ground.

What a mess.

[neo hippy]

Big mess and you feel for the fans as it could get worse still

 

A lot are  blaming sky, but all they have done is pump money in. It wasn't them that created the wealth gap between the prem and other leagues. They don't choose where to money goes 

[marcx666]

End of the day, it's the EFL and Prem, who try to create a closed shop, with the parachute/failure payments, then restricting what EFL clubs can spend, so they cannot compete with relegated teams. Add to that the EFL being as much use as chocolate bog roll, with their "fit and proper person test", which let Anderson in at Bolton despite him being banned from being a director of a company for 7 years, and then Wigan, who 5 seconds after the EFL approved the owners, sold everyone because they had put bets on them being relegated.

[striker]

Another club undone and financially compromised by EFL trying to apply retrospective rules, which differ from those in force at the time the club made financial decisions. 

 

It's like retrospectively excluding parachute payments from FFP calculations. An excellent idea IMO, not a chance they will do it as the EFL exist up the arses of the EPL and the few with current  parachute money, similar principle though. Wonder what those clubs would think if they were told they couldn't spend money, therefore couldnt compete and as a result struggle to raise investment because of uncertainty and effective barriers to challenging for promotion. 

[swfc1983]

2 hours ago, Emerson Thome said:

 

What is the reason behind these rules? If the supporters managed to somehow raise the millions to buy the club, they have already been hit with a 21 point deduction that guarantees relegation. Then the embargo will unsure they can't bring any players in for 2 years aside from cast-offs. And any good players will leave for a fraction of their true price.

 

Seems like it is almost guaranteeing another relegation to League Two. But the club will continue to lose money because of Morris, so might go out of business before they can finally turn it around. If they are lucky they'll be able to steady the ship in League Two like Bolton and Portsmouth did.

Whilst I agree with your sentiments the harsh rules are there to act as a deterrent for clubs just to quickly write off debts and start with a clean slate, which a couple of clubs had done previously.

Football needs to get its house in order or Derby will just be the tip of the iceberg. When you have 92 league clubs and all the wealth is only being distributed to 20 or so teams the gap will only get bigger and so will the number of clubs going out of business.

[vulva]

1 hour ago, neo hippy said:

Big mess and you feel for the fans as it could get worse still

 

A lot are  blaming sky, but all they have done is pump money in. It wasn't them that created the wealth gap between the prem and other leagues. They don't choose where to money goes 

I don’t blame Sky. I blame stupid owners who have paid out ridiculous salaries to average players. Chasing the financial dream of the Premier League behaving like a pissshead in the casino. I’ve zero sympathy for any club who ends up in a mess like this. 

[Mr Farrell]

Incompetent owner syndrome.

 

Could easily be us the way DC runs the club.

[McRightSide]

Our charge sheet was bad, but nothing like this.

 

I have sympathy for the fans of DCFC but zero sympathy for a club that has used and abused the rules for a number of years. This was coming for a long time…

 

1. The exploited a loophole to sell the ground 

 

2. They wildly overspent vs the P&S regs

 

3. They tried to get out of their pickle with P&S by doing some questionable accounting with amortization of contracts

 

4. They’ve entertained all kinds of chancers to sell the club to

 

5. They had gambling company paying Rooney 100k a week in a very strange agreement

 

6. They’ve literally said it’s all the fault of covid 

 

 

 

 

[billyblack]

1 hour ago, marcx666 said:

End of the day, it's the EFL and Prem, who try to create a closed shop, with the parachute/failure payments, then restricting what EFL clubs can spend, so they cannot compete with relegated teams. Add to that the EFL being as much use as chocolate bog roll, with their "fit and proper person test", which let Anderson in at Bolton despite him being banned from being a director of a company for 7 years, and then Wigan, who 5 seconds after the EFL approved the owners, sold everyone because they had put bets on them being relegated.

End of the day. Its spending what you don't have. Plain and simple. No sympathy at all.

[SiJ]

To blame Covid is just incredible.

 

Morris has run them into the ground, end of.

 

Did covid make them sign Rooney or splash huge sums of money on various players?

[bigdan2003]

All a bit strange this. They’ve just negotiated a 9 point deduction, and then go into admin a day later? 
 

Have they negotiated the admin punishment in advance as part of the 9 points? 

[Tamworthowl]

7 hours ago, Utah Owl said:

TBH, rules should be in place that maximum wages apply to each level of the football pyramid. If a team goes down, then the wages automatically drop to the level of the lower league and it should be a statutory requirement of all players contracts.

 

If it were, then this problem of having to finance players on ridiculous wages wouldn't even exist.

 

This is what parachute payments were supposed to facilitate.

 

When we left the prem (and the divide between Prem and EFL was a fraction of what it is now) we were unsustainable. We had a bit of a fire sale, but couldn’t adjust enough. We never recovered financially until MM saved us at the door of the High Court.
 

Parachute payments were devised to allow clubs time to adjust their finances according to their new circumstances. It gave ALL clubs time to bring in relegation clauses into contracts. Problem with them is that there was never an end date for when they would be stopped, so clubs got the contracts sorted (in most cases - some clubs were just too far gone) and used parachute payments as  a “Premier League Return” fund. Hence the unequal competition.

[@owlstalk]

 

I hope none of those fans saying that chairmen should be able to spend what they want aren't in this thread saying they feel sorry for Derby etc

[Basement Jack]

8 hours ago, sheffsteel said:

They might not have had control over the decisions but its the fans that enjoy the outcome of cheating their competitors.

 

AFC Bournmouth created history and had a decent spell in the PL based on cheating fans of other clubs.
You often find that the fans who have gained from cheating often gloat and seem proud of cheating.

Wycombe fans (whose club abided by the agreed rules) deserve far more sympathy than Derby fans. 

It’s the decisions made by clubs that ends up cheating fans. Fans don’t have control over those decisions

 

Do fans gloat ?  Yeah some probably do 

How do we know?  Because their probably the ones who are prolific on social media and you hear about it

 

I don’t agree with cheating

Decent football fans don’t agree with cheating

 A few who mock from behind a keyboard don’t represent the thousands of decent supporters who are rightly appalled at cheating 

 

 

[Animis]

In some respects this was inevitable. Their position has been publicly laid out over a few years now; similar to us, but apparently much worst and deeper. They acted like a PL club digger a deeper hole. 

 

They will have to be made an example of and then join us in L1 looking forward to playing Shrewsbury. As we know, debt can be written off - there's a lot of money out there waiting for a home, and Derby are a big club with great facilities. They won't have to worry. The administrators will package the sale/transfer and no doubt suitors will have accepted a few years re-building. Rooney will probably leave as I would have expected he thought he'd have been at a PL club by now. Derby was always a springboard, but clearly that has had a temporary setback.

 

This is the dreadful consequences of the modern game. Too much money and too few sensible business people managing clubs prudently. There are probably 40 clubs in the league structure all chasing 19 places in the PL, and their desperation sometimes ends up like this. Whilst the EFL don't always cover themselves in glory, to say the rules aren't clear is wrong. Abide by them, and manage your club sustainably and you shouldn't have any issues. Derby simply chose the wrong road and found they couldn't turn back.

[FreshOwl]

The inflated wages issue has to stop 

 

handing out £20k per week contracts to players who are barely average is just horrific business acumen 

[hasthagotanycheese]

6 hours ago, Neon Nick said:

DCFC had some punishment coming,  but still,  I hope they don't vanish forever.  Would it be accurate to say that Derby will survive if they find a new Owner?  Is that what it boils down to ?  Or could their present Owner do a Chansiri and realize the error of his ways?  

Can anybody say that Dejphon has realised the error of his ways?

 

Lets not forget the following:

 

We are now in L1 primarily down to a points deduction caused by his shambolic management of the clubs finances.

 

We no longer own our own ground.

 

It was only in the last few weeks that the club started to begrudgingly give refunds to fans who had been waiting ages for their season ticket money back.

 

The amazing team assembled by Moore & Chansiri got tonked by Plymouth last week after the previous defeat by Morecambe.

 

Call me a grumpy old curmudgeon but no Wednesday fan should be rimming Chansiri right now as we are still in a right mess ourselves.

 

Please lets never forget the total clusterphook he has made of OUR club. Things will only get better once he gets fed up with his expensive toy in England.

[SiJ]

The thing is, Derby's problems clearly go beyond not complying with the arbitrary rules concerning FFP.

 

Looks like Morris has had enough of flogging a dead horse (which he shot in the first place) and has decided to completely stop funding it.

 

You know, a few years back when ourselves and them were competing in the play offs, I thought the Championship had never looked so strong. Now you look back and think what on earth was going on; clubs spending crazy fees and wages to get into the promise land of the PL. The only way to ensure it didn't go completely awry was to gain promotion and neither of us did.

[TrickyTrev]

8 minutes ago, FreshOwl said:

The inflated wages issue has to stop 

 

handing out £20k per week contracts to players who are barely average is just horrific business acumen 

Agreed. 

 

http://sportwitness.co.uk/emanuelson-confirms-sheffield-wednesday-offered-good-contract-among-top-earners/

[FreshOwl]

Just now, TrickyTrev said:

Agreed. 

 

http://sportwitness.co.uk/emanuelson-confirms-sheffield-wednesday-offered-good-contract-among-top-earners/

 

Yep, we’re one of the main culprits 

 

Offering extortionate wages to players who can’t even consistently do the basics right 

 

And then they wonder why they get relegated and are stuck with these no hopers