Reports of Derby going into liquidation
- Thread starter Tom_Boro
- Start date
Unravel_Morrison
Well-known member
They only regained Crown Preference a year ago. Would be quite a strange thing to go back on that.
If there's any reduction at all it will be a political rather than a legal decision.
If there's any reduction at all it will be a political rather than a legal decision.
True but having been liquidated and starting up as a new company we were allowed to maintain our position in the pyramid which i assume wouldn't be the case today.
BoroMart
Well-known member
wow, feel for their fans, well most of them. They've been absolutely hoodwinked by Morris. Hope they survive, even if they have to go through 5 years of lower leagues and selling to pay off debt.
Maybe HMRC will agree a timetable of repayment that is long enough to allow investors to get in and save them. Maybe sell the 5 or 6 or so players worth anything for 15mill, pay that off the bill, then the other 14 mill over 5 years is 3mill a year?! Might get an investor in if that were the case Then it's kids and loanees in League One next year
Maybe HMRC will agree a timetable of repayment that is long enough to allow investors to get in and save them. Maybe sell the 5 or 6 or so players worth anything for 15mill, pay that off the bill, then the other 14 mill over 5 years is 3mill a year?! Might get an investor in if that were the case Then it's kids and loanees in League One next year
asredastheycome
Well-known member
Probably the only team to do so. Another case of the authorities having it in for us.
TheBlueButterfly
Well-known member
It's absolutely disgraceful what Steve Gibson has done to that club. If he has one ounce of decency, he should buy the stadium at a vastly reduced price and let Forest reserves play there free of charge. It's the least he can do. 
Emmersons_BrazillianDong
Well-known member
See Ugos post
Jonny Ingbar
Well-known member
Not true, my dad's business was owed a fair bit by MFC, which was only repaid at a fraction of the true cost.
Can't recall the details, but I know it was pennies for every pound.
Norman_Conquest
Well-known member
I seem to think it was reported we paid somewhere in the region of 10p for every pound. I could be wrong.
El Guapo
Well-known member
I stand corrected
No precedent will be set.
HMRC will want payment in full.
They may defer that if a new buyer can provide assurances that the debt will eventually be settled
They ain't a viable proposition to anyone.
I for one won't celebrate. The vast majority of them are fans, just like us.
HMRC will want payment in full.
They may defer that if a new buyer can provide assurances that the debt will eventually be settled
They ain't a viable proposition to anyone.
I for one won't celebrate. The vast majority of them are fans, just like us.
Redlips
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 continueswww.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
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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.
norfolkngood
Well-known member
We had to pay all our FOOTBALL debits in full. as usual the little fellows got a pittance.
El Guapo
Well-known member
As I said, I stand corrected
Redlips
Well-known member
Otto42
Well-known member
These days we wouldn't be allowed to keep our existing place in the pyramid and/or had a points deduction. However, at the time the requirement to meet football debts in full iirc was a new one and hadn't been applied to others who had reformed prior to ourselves, such as Bristol City and Wolves, hence our treatment seeming harsh at the time.