Derby County - in administration

[bennymacca]

Shocking state of affairs. Grealish, Lukaku and Sancho transfer fees... while football just a little down the tier is on a wing and a prayer due to management and the TV pyramid.

https://twitter.com/x/status/1438942486869729282

Any players Wolves would look at? Jason Knight (CM)?

 

[OLDGOLD]

A proper club with proper history. How can this happen? The whole business is rotten to the core.

 

[SuperGran]

man City - 100m on grealish would have bought Kane at 150m in the same transfer window
Chelsea - Lukaku 100m
Derby in administration
What absolute nonsense ffp is

 

[MolineuxMixer]

Ram jam!

 

[OLDGOLD]

man City - 100m on grealish would have bought Kane at 150m in the same transfer window
Chelsea - Lukaku 100m
Derby in administration
What absolute nonsense ffp is

In spades mate.

 

[SuperGran]

Got no love for Rooney but he’s never walked away from this mess

 

[Frank Lincoln]

I heard yesterday that they had agreed to a six point deduction. Is this part of the agreement?

 

[JohnB]

Got no love for Rooney but he’s never walked away from this mess

Will be the first saving the administrators make (reported wages £90k per week).

 

[bennymacca]

you have to think the Championship is a precarious place to operate, especially without parachute payments. Rewind 5 years and we could easily have been dodging this if another owner showed up. Derby is a proper club with a proper history and fanbase, like Sunderland, that has languished for a long time. Can't imagine Rooney and Jagielka's wages help the balance sheet?

 

[Jonzy54]

I heard yesterday that they had agreed to a six point deduction. Is this part of the agreement?

Pretty sure that is for previous financial issues .I may be wrong but going into Administration results in a higher points penalty which could be higher still for a second offence .

 

[bennymacca]

Derby County Board Of Directors Statement: 17th September 2021

Derby County Football Club today announced that the Club, the ultimate holding company of the group, and all of the subsidiary companies have filed notices of intention to appoint administrators.

www.dcfc.co.uk

"As the COVID-19 pandemic and lock down tightened their grip, the Club’s revenues and cash flow took a circa £20 million hit"
"A planned sale of the club and stadium that was due to close in January 2020 collapsed when the EFL was coerced into challenging the Stadium Sale transaction, a charge that would be dismissed some 9 months later. The ongoing litigation and charges in regard to the P&S regulations and the protracted timetable for this to reach a resolution, added further uncertainty and made negotiations challenging.

These issues also led the EFL to preclude the Club from drawing down circa £8.3 million of financial assistance, as was made available to all other Championship clubs in respect of settling PAYE liabilities, further aggravating our cash flow and ability to meet our financial obligations. Even today, we await the EFL’s response in these matters"

Derby County to enter administration

Derby County will go into administration amid continued financial problems and face a 12-point deduction.

www.bbc.co.uk

 

[sc91]

man City - 100m on grealish would have bought Kane at 150m in the same transfer window
Chelsea - Lukaku 100m
Derby in administration
What absolute nonsense ffp is

Derby fiddled their books.

Derby can get ****ed and go bust.

 

[SuperGran]

Derby fiddled their books.

Derby can get ****ed and go bust.

So did Man City

 

[topcat99]

I heard yesterday that they had agreed to a six point deduction. Is this part of the agreement?

Agreed to?

The rules should be a set amount. No negotiation.

I have zero sympathy for anyone but the fans

 

[sc91]

So did Man City

And you won't see me shedding a tear for either, they fiddled on their stadium, sold it to themselves and have consistently tried to hide the true and fair value of the club. They broke the rules and tried to commit fraud, so long Derby and good riddance.

 

[Frank Lincoln]

Agreed to?

The rules should be a set amount. No negotiation.

I have zero sympathy for anyone but the fans

Apparently they had been in discussions with the EFL and both parties agreed on a six point deduction.

 

[SingYourHeartsOut]

Derby fiddled their books.

Derby can get ****ed and go bust.

As ever though this has nothing to do with their thousands of decent loyal fans.

 

[Pagey]

Feel for the fans, but Melvyn Morris has always pushed them financially, with signings that seem strange, Rooney wtf?

 

[bennymacca]

Can't see it making Sky Sports News... probably more time devoted to whether Fernandes or Kane have renewed their contracts yet....

 

[topcat99]

Apparently they had been in discussions with the EFL and both parties agreed on a six point deduction.

I’m not doubting you Frank, but the penalty should be a standard one for all clubs. No negotiations

Derby have been sailing choppy waters for years

 

[Incognito]

Sad. Not gonna rejoice in another football club's misery. Even Bolton's, when it happened. Maybe raised half a glass to Bolton's demise. But Derby is not good. Hope it all works out well.

 

[SuperGran]

I heard yesterday that they had agreed to a six point deduction. Is this part of the agreement?

minus 21 is a possibility

 

[sc91]

As ever though this has nothing to do with their thousands of decent loyal fans.

Yeah, they were practically protesting from the rafters.

 

[Sussex Wolf]

I feel genuinely sorry for Derby fans. As far as the club itself goes, I have none. We have to remember that Derby have been manipulating their accounts for years to cover up their over spend. Over spend which gave them an advantage over other clubs who followed the rules. I’m not wishing the club ill, but they got found out, and then had the karma of it happening at the worst possible moment.

 

[Frank Lincoln]

I’m not doubting you Frank, but the penalty should be a standard one for all clubs. No negotiations

Derby have been sailing choppy waters for years

Agreed. This is what was released yesterday I think:

'Representatives of Derby County are in talks with the EFL about a settlement over various financial breaches and an end to the dispute that has rumbled on since the club were initially charged in January 2020.

The EFL proposed a 12 point deduction, 3 of which would be suspended, to cover any breaches from accounts still to be submitted. They also want Derby to agree to a business plan.

However Derby owner Mel Morris said the punishment would be too heavy, and suggested a 6 point deduction, which the EFL tentatively agreed to.'

I agree it is wrong, but that was what was going to happen. Though I presume that is all out of the window now

 

[Tring Wolf]

https://twitter.com/x/status/1438958838502264834

 

[sc91]

https://twitter.com/x/status/1438958838502264834

Things you love to see.

 

[1972 i began]

That's the end of them then.There's no way they can claw back 21 points.

 

[1972 i began]

Things you love to see.

yow might but dow think ya talk for all of us.

 

[sc91]

yow might but dow think ya talk for all of us.

I wasn't intending to.

 

[1972 i began]

I wasn't intending to.

Good.Because we dow all have the same view as yow.

 

[Bob Wolf]

 

[Hugh Jarse]

Derby fiddled their books.

Derby can get ****ed and go bust.

They may well have done but Derby are a proper club with history. Feel sorry for their fans.

 

[maws]

Hard one but I know a player that was on their books, Derby knew what was coming and a lot is self inflicted. I hate seeing a founder member in trouble but Mel Morris is at fault. Foreign investment that was never realistic but he carried on anyway. They should get a 10 point penalty as that’s only consistent

 

[sc91]

They may well have done but Derby are a proper club with history. Feel sorry for their fans.

Yeah, the fans were really up in arms during the years the club was obviously fiddling the books and they were hoping to buy their way out of the league with fraudulant accounts, they really were absolutely livid with it.

 

[Pagey]

Feared for them when Paul Jewell resigned, the writing was on the wall

 

[Ogerp]

Wages for 2014 = £16 million.
Wages for 2018 = £47 Million.

Nearly trebled in just 4 years.

Already facing a 9 point deduction on which Rooney stated earlier today that he could cope with because he believed Derby would be able to claw that back and stay up.

Now facing a further 12 point deduction, don't think Derby will claw that back as well.

Feel sorry for the true fans of Derby with the total mismanagement of their club.

 

[Flump]

man City - 100m on grealish would have bought Kane at 150m in the same transfer window
Chelsea - Lukaku 100m
Derby in administration
What absolute nonsense ffp is

Well, FFP is to stop people spending money they don't have, so Man City splashing cash isn't really relevant!

 

[oldgoldheart]

Derby look like joining forest in league one next season and it may still contain sheff w, sunderland, portsmouth, Bolton, ipswich and charlton. That is almost unbelievable

 

[johnnybetchas]

I have a decent mate whos a Derby season ticket holder - he must be gutted. There but for the grace of God go I?