Reports of Derby going into liquidation
- Thread starter Tom_Boro
- Start date
Unravel_Morrison
Well-known member
I don't think they can; it will just encourage other clubs/companies to try and do the same thing.
MolteniArcore
Well-known member
It would be disgusting if the Inland Revenue made any allowances. The club deserves what it gets. Yes, it will be a shame for the fans but they will no doubt restart under a slightly different name and go on.
asredastheycome
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How many leagues can they be relegated.
Low_Key
Well-known member
at least as far as where darlo were put i would hope. what a shame eh!
FartingGnome
Well-known member
If you ever get to the point where you owe the taxman money try asking if he'll knock a bit off. I once got a phone call reminder and I said "Sorry, you'll have to do without a bit this year". They said "Why?" I said "I need the money for our Middlesbrough season tickets". After a short conversation I paid up. In full.
Norman_Conquest
Well-known member
Although sentiment wouldn't want some of us to see this happen, it would open up a minefield that other teams would try and exploit. Something Derby has been guilty of in the past.
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London_Boro
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Rules are rules, but I'd take no pleasure in seeing them go out of business.
Randy
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Cogeur_le_Conq
Well-known member
We were also kicked out of Ayresome and would have been kicked out of the WHOLE of the football league had we failed to pay before the midnight deadline.
I believe the lion's share of the debt 1.9m (loans???) acquired by the make-shift consortium came from S&N breweries and ICI.
I'm not sure if the 1.9m was before or after the taxman was paid
Wiseman_Vaughn
Well-known member
So it would be just a case of minimising the punishment rather than paying for cheating
r00fie1
Well-known member
Derby County 'face liquidation' without HMRC concession
The club’s administrators, Quantuma, are set to hold crunch talks with HMRC as the battle to save the Rams continues
www.derbytelegraph.co.uk
Derby County 'face liquidation' without HMRC concession - reports
The club’s administrators, Quantuma, are set to hold crunch talks with HMRC as the battle to save the Rams continues
Derby County could reportedly face liquidation unless HMRC agree to slash the amount it is owed by the club.
The Rams remain in administration and have been hit with points deductions which have all but condemned the club to relegation to League One.
But the biggest hurdle to overcome is the debt to HMRC, which reportedly stands at around £26 million.
According to the Daily Mail, the club’s administrators, Quantuma, are due to meet with HMRC in talks which are said to be crucial to the Rams’ hopes of survival.
It claimed prospective buyers believe that unless HMRC agree to quarter the debt – the club is in serious danger of going out of business.
If the debt was slashed, it would potentially be contentious as it would send a message to other clubs which owe money to HMRC.
The report adds that while US businessman Chris Kirchner remains interested in buying the club, other parties have “stepped back”.
The Mail say they have spoken to people "privy to the financials of the situation and they fear the Championship club is ‘sleepwalking’ towards oblivion, and that the optimism of the administrators is not reflective of reality”.
A source also told the Mail: “The administrators say they are confident of striking a deal with HMRC, but while we do not know what that deal is, how can you decide to buy the club? You simply can’t.
The administrators are making positive noises, but it is in their interests to do so - firstly to maintain hope of a sale, but also because they are being paid as long as the club remains in their hands. Their costs (around £2.8m so far) are adding to the burden on the club all the time.
“The reality among those who have looked to buy Derby is that liquidation is more likely than not.
“The only body who can convene to save Derby is the government. It needs them to get the treasury, the EFL, Mel Morris (Derby owner) and MSD around a table and put together a plan to rescue the club.”
Last month, Carl Jackson, one of the joint administrators from Quantuma, addressed the debt to HMRC.
"We still have to deal with a significant liability to HMRC, but again early discussions with them are positive albeit at this point in time we have not got them to agree to our proposals, but they have not rejected our proposals. We have an ongoing dialogue with them," he told RamsTV.
Henry Moskavitz pumped in £300,000
Norman_Conquest
Well-known member
I said in November after they filed their report that it would be the £29m owed to the HMRC that would cripple them.