ANDY Posted December 1, 2021 Share Posted December 1, 2021 Link to comment Share on other sites More sharing options...
mildatheart67 Posted December 2, 2021 Share Posted December 2, 2021 Was just about to post that. Shocking. Maybe we have found a club do mismanaged it's unsaveable,it's been talked about often enough Link to comment Share on other sites More sharing options...
yeadonowl Posted December 2, 2021 Share Posted December 2, 2021 Can’t see HMRC writing off such a large amount Would set such a dangerous legal precedent 2 Link to comment Share on other sites More sharing options...
danblakemore Posted December 2, 2021 Share Posted December 2, 2021 Macclesfield owed far less, theirs wasn't wrote off. I'd be worried if i supported Derby Link to comment Share on other sites More sharing options...
darra Posted December 2, 2021 Share Posted December 2, 2021 1 hour ago, yeadonowl said: Can’t see HMRC writing off such a large amount Would set such a dangerous legal precedent Think I read somewhere maybe around the time we were in a situation like that with HMRC that they can't write it off even if they wanted to. Like you say it would set a dangerous precedent with other clubs saying if it's good enough for Derby. 1 Link to comment Share on other sites More sharing options...
Adem Poric Posted December 2, 2021 Share Posted December 2, 2021 There prospective owner, Chris Kirchner, is allegedly a billionaire. He's obviously trying to get the best deal possible but if he's serious then he will likely find a way to get the repayment delayed. 1 Link to comment Share on other sites More sharing options...
Plonk Posted December 2, 2021 Share Posted December 2, 2021 4 minutes ago, Adem Poric said: There prospective owner, Chris Kirchner, is allegedly a billionaire. He's obviously trying to get the best deal possible but if he's serious then he will likely find a way to get the repayment delayed. If he is serious he will pay it. Give Morris a quid, or the club goes. 3 Link to comment Share on other sites More sharing options...
unkastav Posted December 2, 2021 Share Posted December 2, 2021 Reckon theyd be gone if the scumbags had gone down instead of us Link to comment Share on other sites More sharing options...
unkastav Posted December 2, 2021 Share Posted December 2, 2021 3 hours ago, danblakemore said: Macclesfield owed far less, theirs wasn't wrote off. I'd be worried if i supported Derby Cant be written off surely… so many loopholes would be created Link to comment Share on other sites More sharing options...
g-owls Posted December 3, 2021 Share Posted December 3, 2021 It’s all good and well those saying “Shut them down” but if that was the case then none of that 29M is getting paid back. It’s a fine line of allowing the club to continue, whilst at the same time making sure that HMRC get back what’s owed. Mel Morris is the one who should be targeted here. He’s the one responsible for this mess. He clearly had no regard of the possible consequences which, let’s never forget, would include many decent hard working folk, from ticket office staff to groundsmen being put on the dole queue, not to mention the various suppliers who have relied on the club over time. Once again, it’s those for whom no blame can be attached who feel the brunt the most. 2 Link to comment Share on other sites More sharing options...
heard that pardon Posted December 3, 2021 Share Posted December 3, 2021 Didn't the HMRC put their foot down after Rangers ripped them off, hence why we faced a liquidation hearing in the high court. So sadly it's bye bye Derby unless someone else bails them out. 1 Link to comment Share on other sites More sharing options...
Plonk Posted December 4, 2021 Share Posted December 4, 2021 Don’t know what the precedents are here. Maybe some of the more business savvy posters can explain, but surely if HMRC accept say 50p in the pound, then everyone will say hang on derby only paid half. Will they cause themselves a massive promble if they do? 1 Link to comment Share on other sites More sharing options...
ANDY Posted December 4, 2021 Author Share Posted December 4, 2021 Didn’t Macclesfield go under for owing 600k to HMRC Link to comment Share on other sites More sharing options...
darra Posted December 4, 2021 Share Posted December 4, 2021 1 hour ago, ANDY said: Didn’t Macclesfield go under for owing 600k to HMRC On 9 September 2020, the High Court granted Macclesfield a seven-day extension (effectively a 12th adjournment) to a winding-up petition over unpaid tax to give time for a possible takeover of the club by Robert Benwell (previously linked with a move to buy Bury F.C.). If the takeover – said to be at "an advanced stage" – fell through, current owner Amar Alkadhi said outstanding debts would be paid (HMRC was owed £188,721.09, with eight creditors owed £592,000). On 16 September 2020, the High Court made a winding-up order against the club, pushing the club into liquidation. Judge Sebastian Prentis made the order after receiving no evidence relating to the club's sale or satisfactory evidence of the club's ability to pay creditors, saying "nothing gives me comfort that the club can pay its debts in a reasonable period". The Silkmen Supporters' Trust were reported to be exploring what actions they could take to save the club, and to be seeking a meeting with the receiver. However, on 29 September 2020, the club was suspended by the National League and its first three scheduled games were postponed, pending a notice of expulsion taking effect from 12 October 2020. The club's final match was a 2–1 victory in a friendly match at Cheshire neighbours Witton Albion on 15 September 2020. Link to comment Share on other sites More sharing options...
latemodelchild Posted December 4, 2021 Share Posted December 4, 2021 Is this a case of 'if you owe the bank 500 quid it's your problem, if you owe the bank 5 million quid it's their problem'. Derby owe an eye watering amount purely to HMRC, before any other creditors are involved. If they're wound up nobody gets owt do they? Or at most they get a pittance. This has the hallmarks of a precedent setting decision. Link to comment Share on other sites More sharing options...
yeadonowl Posted December 4, 2021 Share Posted December 4, 2021 32 minutes ago, latemodelchild said: Is this a case of 'if you owe the bank 500 quid it's your problem, if you owe the bank 5 million quid it's their problem'. Derby owe an eye watering amount purely to HMRC, before any other creditors are involved. If they're wound up nobody gets owt do they? Or at most they get a pittance. This has the hallmarks of a precedent setting decision. Suppose at the moment HMRC are owed £20m If Derby get wound up they loose £20m If they accept £10m then I suppose initially they loose £10m but in real terms it opens up the floodgates for every business in the land to use the Derby decision as a form of defence and therefore HMRC would loose potentially billions in the long term Unfortunately for Derby most of the money appears to be due to preferential creditors, which I’d be suprised if they are negotiated down. The secured loan on the ground might be the only one they can negotiate a bit 2 Link to comment Share on other sites More sharing options...
kirksandallowl Posted December 4, 2021 Share Posted December 4, 2021 HMRC will also argue it isn’t Derby’s money, it is money they have deducted from employees pay packets and VAT they have collected on behalf of the government. Link to comment Share on other sites More sharing options...
nbupperthongowl Posted December 4, 2021 Share Posted December 4, 2021 12 minutes ago, kirksandallowl said: HMRC will also argue it isn’t Derby’s money, it is money they have deducted from employees pay packets and VAT they have collected on behalf of the government. Good point that it's been taken from their pay, does this sum also include VAT ? Link to comment Share on other sites More sharing options...
kirksandallowl Posted December 4, 2021 Share Posted December 4, 2021 1 minute ago, nbupperthongowl said: Good point that it's been taken from their pay, does this sum also include VAT ? Not sure, only seen the headline figure owed to HMRC, not sure how it’s made up. Link to comment Share on other sites More sharing options...
helmut_rooster Posted December 8, 2021 Share Posted December 8, 2021 (edited) Derby County and connected firms owe £29m to HM Revenue and Customs. Derby's six connected companies have all updated their records with Companies House, showing a combined overall total of £29.3m owed to HMRC. They also show a £20m loan received from US investment group MSD Holdings, which was already known about. https://www.google.com/amp/s/www.bbc.com/sport/football/59358676.amp Edited December 8, 2021 by helmut_rooster Link to comment Share on other sites More sharing options...
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