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Derby takeover expected to collapse


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4 minutes ago, striker said:

My thoughts too. 

 

And in fairness, considering Derby's previous history or not paying wages and the substantial period spent in administration, EFL should also retain oversight on spending, facilitated through ratifying player registrations.

 

A club who have been close to going bust for so long, shouldn't suddenly be allowed to spend recklessly. 

Weren't they under the same potential penalties as us if they didn't pay their wages? So is that another -6 points for next season, potentially to add to the -15 for still being in administration?

 

Surely they also won't be able to pay fees and will have a limit on wages too?

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1 minute ago, nbupperthongowl said:

Weren't they under the same potential penalties as us if they didn't pay their wages? So is that another -6 points for next season, potentially to add to the -15 for still being in administration?

 

Surely they also won't be able to pay fees and will have a limit on wages too?

As I recall yes.

 

Therefore, should also have similar (or tighter) restrictions to us re recruitment. Wouldn't be surprised if EFL applied a wage cap for a short period. 

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2 hours ago, Morepork said:

 

 

As a side note the administrators should be dissolved they’ve been diabolical.

Their hands have been completely tied. Their mistake was pre-appointment not post-appointment.

 

They should’ve done what the more experienced Administrators that did Wigan did. They refused to take the appointment unless all associated Companies all went into Administration - thereby ensuring they controlled all of the assets.

 

If Mel Morris had been forced to put the Company owning the ground into Admin too, we’d be seeing a completely different story.

 

Problem is, there’s always the risk that Morris walks away and finds some bottom feeder IP to take it on the current basis.

 

The Administrators of Wigan were a big enough firm to not care.

 

FWIW, it was always going to go this way. It’s brinkmanship from both sides. The buyer wants the ground for as little as possible. Morris wants to sell the ground for as much as possible. These games were always going to happen. It’ll get sorted in the end, from our point of view, hopefully after they’ve missed out on the best players.

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43 minutes ago, JemmoJemoJemmo said:

Their hands have been completely tied. Their mistake was pre-appointment not post-appointment.

 

They should’ve done what the more experienced Administrators that did Wigan did. They refused to take the appointment unless all associated Companies all went into Administration - thereby ensuring they controlled all of the assets.

 

If Mel Morris had been forced to put the Company owning the ground into Admin too, we’d be seeing a completely different story.

 

Problem is, there’s always the risk that Morris walks away and finds some bottom feeder IP to take it on the current basis.

 

The Administrators of Wigan were a big enough firm to not care.

 

FWIW, it was always going to go this way. It’s brinkmanship from both sides. The buyer wants the ground for as little as possible. Morris wants to sell the ground for as much as possible. These games were always going to happen. It’ll get sorted in the end, from our point of view, hopefully after they’ve missed out on the best players.

I agree, but in Derby's case aren't the administrators the ones preferred by Morris?

 

Perhaps a little more sympathetic to him as a creditor than other firms may have been.

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Only a matter of time before Mike Ashley comes in and buys them.

 

He’s played the long game, not gone looking for the limelight and that patience will pay off. He’ll get it cheaper.

 

Love him or loathe him, Ashley won’t have Derby languishing in league one for long.

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1 minute ago, g-owls said:

Only a matter of time before Mike Ashley comes in and buys them.

 

He’s played the long game, not gone looking for the limelight and that patience will pay off. He’ll get it cheaper.

 

Love him or loathe him, Ashley won’t have Derby languishing in league one for long.

 

Can't see Ashley being interested unless he can get the ground in with the deal.

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1 hour ago, g-owls said:

Only a matter of time before Mike Ashley comes in and buys them.

 

He’s played the long game, not gone looking for the limelight and that patience will pay off. He’ll get it cheaper.

 

Love him or loathe him, Ashley won’t have Derby languishing in league one for long.

 

Never understood the hatred he gets as an owner runs businesses sensibly i did mention this a (imbecilic) Newcastle fan once and asked him how much debt did ashley get you in? And said he let you spūnk 40 million on Joelinton 😃

 

Yet they still moaned he "wouldn't spend" laughable 

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1 hour ago, helmut_rooster said:

 

Never understood the hatred he gets as an owner runs businesses sensibly i did mention this a (imbecilic) Newcastle fan once and asked him how much debt did ashley get you in? And said he let you spūnk 40 million on Joelinton 😃

 

Yet they still moaned he "wouldn't spend" laughable 


I think his staff down at Shirebrook might disagree. 

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https://www.bbc.co.uk/sport/football/61731404

 

American businessman Chris Kirchner has been given until 17:00 BST on Friday to provide evidence that he can complete the purchase of Derby County.

 

In the meantime, the club's administrators "have taken the decision to engage with other interested parties as a contingency measure".

 

The sale and purchase agreement with Kirchner remains in place but will be off if Friday's deadline is not met.

 

Former Newcastle United owner Mike Ashley is among the interested parties.

 

Kirchner was named preferred bidder on 6 April, but has so far failed to complete the deal after twice having his period of exclusivity extended.

 

On 16 May he exchanged contracts with joint administrators Quantuma. BBC Sport was told Kirchner expected the deal to be done on Thursday.

 

"At the time there were a number of outstanding issues, which have now been resolved," said a spokesperson for the joint administrators. "However, certain logistical issues mean that completion has still not taken place.

 

"We are aware that fans and stakeholders are concerned at the lack of official communications. It is, however, not appropriate for us to comment further on the current position as there is commercial confidentiality which needs to be protected.

 

"We can, however, confirm that there is a real willingness amongst all parties to complete a deal as soon as possible."

 

Any evidence provided by Kirchner before Friday's deadline would be subject to approval by the English Football League.

 

"The EFL is incredibly disappointed with this evening's announcement by Derby County's administrators that Chris Kirchner has failed to complete the purchase of the club," read an EFL statement.

 

"It is imperative that this issue is resolved as a matter of urgency.

 

"The league will continue to engage with Quantuma as they now hold discussions with third parties and will support as appropriate the club as it seeks to exit administration."

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Cringe 

 

we’re going down as the biggest mugs in football 

 

we’ve got the circus number club sewn up and weve got that lot down the road in the premiership and loving every second of this takeover farce

 

horrible year 

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