Derby County in administration


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And the QPR v Derby one a few seasons before that

Just numb to it all. It's hard to know who to be angry at anymore, fans from other clubs coming out the woodwork giving the club dogs abuse, the EFL after their pound of flesh, other club owners going for the kill, journalists & media outlets outdoing each other with stupid statements, then there's the sociopath owner who apart from a hollow sounding forced apology seems to be saying he had a go and it didnt work, oh dear never mind!!

Whatever happens it's not going to be cleared up anytime soon, points deducted next season, more debt etc. Dont get me wrong, im not an Uber fan, end of the day nobody's died, its not me thats going to lose millions but it's going to be really sad if we lose the Academy we've worked so hard to build into one of the top ten in the country. Losing the young lads who make up most of the first team would also be a kick in the balls. Other than that theres the expected siege mentality, the crowd was class against Stoke saturday and Rooney's got the team playing some great football shame its all for nowt.

I spent some of my happiest days at Derby following them round in the lower leagues early 80's when we were REALLY shit, think i went over two seasons without seeing an away win and more often than not getting chased all over some shitehole town. If thats where were heading then so be it but for a club like Derby who have always struck me as a bit of a mild, nondescript club im gobsmacked at the amount of pure virtiolic hatred thats out there for us for basically abusing the credit card..

Anyway life goes on and some clubs will be getting a bit twitchy reading about it all

Lee westwood can fuck off as well the fat Forest hacker, laughing about it all on Twitter.

Your post opens up some wounds mate.
Complete Summer, daily on the phone as aware of reliable contacts and knew what was going on.
It’s when you take a step back and ask why?
Sure our actions were different to yours but how can these issues not get detected until it’s too late?
The Championship has the biggest challenges of the lot, the Premiership nugget and the sums of money just get a few willing to throw the dice and it’s the damage that comes when it doesn’t work out.
Reading I’ve been aware of for a very long time. Eventually time catches up on you. Lots said about a low budget and not over spending. Hoping our new owner is true to his word, so far so good but this is Swindon and a bump is only a matter of time forthcoming.
Wish you all the best, only advice damage limitation and the club will survive.
Will come back again and staying in the Football League still a positive in the scheme of things. We were heading to the lower depths of the non league and all I could think of was my age and how old I would likely be if we were to get back into the EFL. Now that was scary.
KTF Derby Lad 👍
 
Your post opens up some wounds mate.
Complete Summer, daily on the phone as aware of reliable contacts and knew what was going on.
It’s when you take a step back and ask why?
Sure our actions were different to yours but how can these issues not get detected until it’s too late?
The Championship has the biggest challenges of the lot, the Premiership nugget and the sums of money just get a few willing to throw the dice and it’s the damage that comes when it doesn’t work out.
Reading I’ve been aware of for a very long time. Eventually time catches up on you. Lots said about a low budget and not over spending. Hoping our new owner is true to his word, so far so good but this is Swindon and a bump is only a matter of time forthcoming.
Wish you all the best, only advice damage limitation and the club will survive.
Will come back again and staying in the Football League still a positive in the scheme of things. We were heading to the lower depths of the non league and all I could think of was my age and how old I would likely be if we were to get back into the EFL. Now that was scary.
KTF Derby Lad 👍
Yes the Championship is brutal, everyone doing what they can to get that bit of an advantage. Still dont understand what happened with QPR. They abused the system so bad but beat us in the playoff final, got relegated the following season again but just got a massive fine. Villa did what they wanted, Boro spent madly and sold their debt to another Gibson company. Forest have been spending money like water for years yet always seem to sneak under the barrier. Stoke look to be in serious trouble going by how much they've spent over the last three seasons, Swansea and a bit of an unknown quantity i'd imagine but i dont know enough about finance to know if any of these clubs have broken rules. The pressure on Bournemouth, Sheff Utd, Baggies & Fulham to bet back to the Prem before the parachute payments run out must be immense.

Derby fans have to shoulder some blame as well, nobody was moaning when Bradley Johnson signed for £5+ million and all the rest Anya, Blackman, Butterfield, Waghorn. We've got a bloke out injured at the moment who supposedly cost us £10 million from arsenal. The club has always made it quite clear though that we could afford these players and not to worry. Sacking all the managers, Keogh and dozens of backroom staff hasnt helped either.
 
Clubs that go into Administration should be automatically relegated and have a salary cap placed on any signings they make for 5 years, so you don't get the likes of Wigan who were in administration last year splashing money around this Summer.
Yeah, I'd go further and bump them to non league tbh. This points deduction is just a very light touch compared to the world of mess the club's leave behind and the leg up they get in being able to start again whilst everyone else has to continue operating within their means.
 
Tried financially chase the premier league dream and failed. Our new policy of developing what seem to be talented youth that can grow with the club through the divisions seems (at first glance) a sensible way of attempting to get back to the premier league. If/when we go up, I hope we don’t splash stupid amounts of money on a bunch of championship regulars that have reached their ceiling.
 
And the QPR v Derby one a few seasons before that

Just numb to it all. It's hard to know who to be angry at anymore, fans from other clubs coming out the woodwork giving the club dogs abuse, the EFL after their pound of flesh, other club owners going for the kill, journalists & media outlets outdoing each other with stupid statements, then there's the sociopath owner who apart from a hollow sounding forced apology seems to be saying he had a go and it didnt work, oh dear never mind!!

Whatever happens it's not going to be cleared up anytime soon, points deducted next season, more debt etc. Dont get me wrong, im not an Uber fan, end of the day nobody's died, its not me thats going to lose millions but it's going to be really sad if we lose the Academy we've worked so hard to build into one of the top ten in the country. Losing the young lads who make up most of the first team would also be a kick in the balls. Other than that theres the expected siege mentality, the crowd was class against Stoke saturday and Rooney's got the team playing some great football shame its all for nowt.

I spent some of my happiest days at Derby following them round in the lower leagues early 80's when we were REALLY shit, think i went over two seasons without seeing an away win and more often than not getting chased all over some shitehole town. If thats where were heading then so be it but for a club like Derby who have always struck me as a bit of a mild, nondescript club im gobsmacked at the amount of pure virtiolic hatred thats out there for us for basically abusing the credit card..

Anyway life goes on and some clubs will be getting a bit twitchy reading about it all

Lee westwood can fuck off as well the fat Forest hacker, laughing about it all on Twitter.
Do you thinknit would have been better for youbif the EFL had dealt with you last season as they did Sheffield Wednesday mate? Would you have avoided administration if you'd gone down and had to pay League One wages instead?
The EFL really have to start looking closer to home as its happening far too often.

For the record, I've always regarded Derby as a 'proper' club and the fact I really don't like Forest due to their fans' links with Newcastle, I've always liked your club.
 
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Do you thinknit would have been better for youbif the EFL had dealt with you last season as they did Sheffield Wednesday mate? Would you have avoided administration if you'd gone down and had to pay League One wages instead?
The EFL really have to start looking closer to home as its happening far too often.
Probably would have been better how things have turned out. Our wage bill is small by other champ clubs standard, squad mostly made up of Academy kids and old pro's even without the wage cap i wouldnt imagine we'll have many players over £4000 a week. I bet there are clubs in the 1st division paying more than us. Anyway, down we go...nothing anyone can do about it now, just want it all cleared up in one horrible year, dont want it hanging over us indefinately
 
They apparently face a further 9 point deduction :-

Derby stand to be deducted a further nine points, and given a suspended three-point deduction, for a separate breach of the EFL rules. Derby were ordered to resubmit their 2015-16, 2016-17 and 2017-18 accounts after being found to have broken accounting regulations.

From this Derby fall to last place with 12-point deduction for entering administration

Sad to see to be honest, always quite like Derby (apart from when they twatted us 5-0 first game of the season)
 
And this makes the system even more corrupt and further away from the norm of business. Football creditors are predominantly agents, players, clubs owed transfer fees etc, not local businesses or club employees. So the individuals who have effectively bankrupt the club are the ones that get paid first, those who are suffering a loss of their business and likelihood get nothing usually. Can you imagine a high street clothing store going into administration and paying other clothing companies fully, whilst not paying any other creditors…. What a corrupt farce of an industry football is. Blinded by greed and then given a way out by supporter sob stories.

I notice that you didn’t answer the question about your opinion on which fans deserve to be in the league more, those of a club who cheat or those of a club who play by the rules of the competition they are in?

I don’t blame you for not answering by the way, there is no good answer to the question. Football is broken and the way it allows clubs to go bust owing millions, but carry on with very limited impact is farcical.
I have every sympathy with the small creditors and I agree they're the ones hit hardest. But I don't agree the football creditors have bankrupted the club, they signed contracts with Derby in good faith and are no less deserving of what that contract entitles them to. It's the management of the club that has bankrupted the club. The reason the football creditors are protected is that most of that balance is other clubs due cash for transfers so the rules are trying to stop a domino effect of one club collapsing sending another down.

No clubs fans are any more or less deserving of league football, but Derby as a institution, not the fans, deserve to be punished for benefitting from their chicanery at the expense of others. If that means relegation, so be it. I completely understand Wycombe's view on things.

@steadybreeze every sympathy with you and the other fans, some numbers I heard this morning sound awful (£20m+ owed to HMRC). I think the difference between you and the other clubs you listed is that you did something no other club has done with the amortisation. If the EFL have FFP in place they have to be seen to administer it or what's the point? And the biggest difference is that your owner has decided he won't put any more money in. It's as simple as that really, the other clubs' owners are supporting the club, yours has had a strop and walked away.
 
Do you thinknit would have been better for youbif the EFL had dealt with you last season as they did Sheffield Wednesday mate? Would you have avoided administration if you'd gone down and had to pay League One wages instead?
The EFL really have to start looking closer to home as its happening far too often.

For the record, I've always regarded Derby as a 'proper' club and the fact I really don't like Forest due to their fans' links with Newcastle, I've always liked your club.
the EFL rejected two potential buyers for derby under the fitt and proper persons test
 
I have every sympathy with the small creditors and I agree they're the ones hit hardest. But I don't agree the football creditors have bankrupted the club, they signed contracts with Derby in good faith and are no less deserving of what that contract entitles them to. It's the management of the club that has bankrupted the club. The reason the football creditors are protected is that most of that balance is other clubs due cash for transfers so the rules are trying to stop a domino effect of one club collapsing sending another down.

No clubs fans are any more or less deserving of league football, but Derby as a institution, not the fans, deserve to be punished for benefitting from their chicanery at the expense of others. If that means relegation, so be it. I completely understand Wycombe's view on things.

@steadybreeze every sympathy with you and the other fans, some numbers I heard this morning sound awful (£20m+ owed to HMRC). I think the difference between you and the other clubs you listed is that you did something no other club has done with the amortisation. If the EFL have FFP in place they have to be seen to administer it or what's the point? And the biggest difference is that your owner has decided he won't put any more money in. It's as simple as that really, the other clubs' owners are supporting the club, yours has had a strop and walked away.
Good post that mate, can't really argue about any of it. I think fans were annoyed initially because the EFL apparently approved the way we dealt with the amortisation issue then changed their minds. Since then though all the other debts have come to light and there really is no excuse, the very least you should do as a football club is pay your taxes surely, to run up debts of over £20 million to the taxman is disgraceful. All I want as a fan now is to get it ALL sorted, any points, fire sales & fines to be dealt with now, nothing else coming out a year or two down the line or I think it will be the end of the club
 
That's definitely not the answer. The club which emerges from administration is literally not the same club that entered it. Typically, the administrator will sell the assets of the insolvent club into a new company. That new company will have to pay football creditors in full and other unsecured creditors 35% of the amount, and will need to provide proof of funds to do this in addition to the normal business plan approval required of any new owner. Failure to this results in a further nine point deduction. To submit new owners to restrictions that other clubs aren't amounts to a form of double jeopardy, and would greatly increase the risk of no buyer coming forward, and the club disappearing.
" That new company will have to pay football creditors in full and other unsecured creditors 35% of the amount, and will need to provide proof "

How disgraceful is that? I realise that the company paying is the new one. So any spare funds will be scooped up for the football lot. Bugger the others.
 
Rooney isn't too impressed with Morris's apology saying it wasn't sincere enough and that he wouldn't have taken the job had he known the situation the club was in. Although I think most people had some idea that Derby were in big trouble.
 
A bloke on the Guardian podcast, football finance expert Kieran Maguire, comparing Derby to Wigan aka administration
Wigan own they own ground Derby don't
Derby owe 20m to the HRMC, this debt his to be paid in full
Wigan own a couple of training grounds, Derby have no assets they can readily liquidiate
Wigan went into administration while the transfer window was open, so they could sell players. Deby are over 3 months away from a transfer window
Most Derby players are on short term deals, hence no sell on.
Derby's wage bill hasn't been released but the last time it was in 2019 in whic 4m per month
Current debts estimated at 60m

Recken's Derby's chance of coming out of administration @ 50:50
 
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