by AthleticoSpizz » 17 Sep 2021 22:17
by Winston Biscuit » 17 Sep 2021 22:31
by AthleticoSpizz » 17 Sep 2021 22:38
by leon » 17 Sep 2021 23:02
by Sutekh » 18 Sep 2021 09:10
by From Despair To Where? » 18 Sep 2021 10:15
by RG30 » 18 Sep 2021 12:03
by Snowflake Royal » 18 Sep 2021 14:56
by From Despair To Where? » 19 Sep 2021 08:44
by Sutekh » 19 Sep 2021 09:59
From Despair To Where? The real cynic in me thinks that, knowing the 9pt deduction was on the cards, they took the administration because it gives them an opportunity to stiff non footballing creditors and write off some debt.
by Stranded » 29 Sep 2021 15:05
by Sutekh » 29 Sep 2021 18:38
Stranded Barca's financial plight has seen their salary cap slashed by 256m GBP for this season - they have a limit now of 85m - 6 clubs are allowed to spend more on wages this year under La Liga rules.
Top 3:Madrid can spend 638m, Sevilla 173m, Atletico 148m
by Stranded » 05 Oct 2021 13:01
by Sutekh » 05 Oct 2021 13:40
Stranded Reported that Derby owe the HMRC 28m quid. This is the first administration whereby they have crown preference, since 2002, and are due all the debt in the same way as a football creditor would be.
It may well be that the future of Derby as a club rests with them, if they refuse any deal that doesn't see them getting every penny, it may prove very difficult for the club to be sold and the debt to be financed in a way that allows the club to be competitive at a professional level.
Will probably depend if HRMC will think something is better than nothing or if making an example of Derby will send a strong message to other clubs who may be in arrears.
by Stranded » 05 Oct 2021 13:42
SutekhStranded Reported that Derby owe the HMRC 28m quid. This is the first administration whereby they have crown preference, since 2002, and are due all the debt in the same way as a football creditor would be.
It may well be that the future of Derby as a club rests with them, if they refuse any deal that doesn't see them getting every penny, it may prove very difficult for the club to be sold and the debt to be financed in a way that allows the club to be competitive at a professional level.
Will probably depend if HRMC will think something is better than nothing or if making an example of Derby will send a strong message to other clubs who may be in arrears.
Can’t see the HMRC being inflexible with a “name” like Derby, though I think they should make a precedent out of it and demand every penny.
by paultheroyal » 05 Oct 2021 13:53
by Dirk Gently » 06 Oct 2021 10:17
StrandedSutekhStranded Reported that Derby owe the HMRC 28m quid. This is the first administration whereby they have crown preference, since 2002, and are due all the debt in the same way as a football creditor would be.
It may well be that the future of Derby as a club rests with them, if they refuse any deal that doesn't see them getting every penny, it may prove very difficult for the club to be sold and the debt to be financed in a way that allows the club to be competitive at a professional level.
Will probably depend if HRMC will think something is better than nothing or if making an example of Derby will send a strong message to other clubs who may be in arrears.
Can’t see the HMRC being inflexible with a “name” like Derby, though I think they should make a precedent out of it and demand every penny.
They probably will be but it must be tempting to use the first admin case since their change of status to make a point.
by Snowflake Royal » 10 Oct 2021 14:49
Dirk GentlyStrandedSutekh
Can’t see the HMRC being inflexible with a “name” like Derby, though I think they should make a precedent out of it and demand every penny.
They probably will be but it must be tempting to use the first admin case since their change of status to make a point.
I think HMRC will show no mercy whatsoever - their atitude towards football clubs was always (and understandably) hard and inflexible, and I think that will live on despite the status change. I also can't help but think that those in government - who would have the ultimate say on policy - will have a similar attitude. Now if it was a rugby club...
by Sanguine » 11 Oct 2021 09:26
by Franchise FC » 11 Oct 2021 12:33
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