I agree.
I remember us playing Hull at Ninian Park i can't remember the result but whatever happened we both sent Leeds down if i remember right?
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You are quite right and I was wrong to mention liquidation in the manner I did. The current Administration period of 12 months will shortly come to an end (the Administrator may apply for an extension if he can convince the court that there is a realistic prospect of getting an asset sale away in the near future but an extension grant is not a "given".) If the Administration fails then liquidation will follow.
The position in the Administration does not look good according to the Administrators report to creditors. No assets have bee realised apart from some credit card payments for prior services provided and most of that cash has gone in legal fees. There has been insufficient money for even paying the Administrator himself. The report suggests that there have been a number of parties expressing an interest in buying the stadium asset but only two firm offers and neither of those eventually progressed. The report also says that there is no prospect of any creditor being paid anything other than those who have a charge over the stadium and the figures suggest that even they will suffer a shortfall.
Previous arrangements with creditors (CVAs) have failed because promised payments to creditors were not made.
Derby docked twelve points, what about the other nine?
https://www.bbc.co.uk/sport/football/58649432
The 12 point deduction is an automatic one for going into Administration. I am told that EFL want to apply a further 9 point deduction next season for the breaches of other EFL Rules that Derby have made. If they applied them this season Derby would almost certainly get relegated but would then start next season with a clean slate and have , to a degree, got away with one set of breaches.
I know the firm (Quantuma)who the Administrators work for and they are good. Also Trevor Birch the EFL CEO is himself a highly experienced Insolvency Practitioner so both sides of future negotiations and discussions certainly know their jobs in dealing with Derby.
Wonderful. The other 9 under the carpet ??
Blame Pack. If he'd done what he usually does and blasted the ball into Row Z, rather than score and keep Derby up at the end of last season, Derby would have been relegated and the Jacks would be relegated this season. Never was a goal less welcome. As it stands, Derby and Forest look nailed on for relegation this season. Unless, last match of this season, Derby need 3 points against us to finish 4th from bottom, Pack...clear through on goal (as if), shoots/misses an open goal and keeps Derby up.
A lot of positive chatter about Aston Villa recently but they were run extremely poorly while in the Championship before Chester's body and Grealish's skill took them up - they then survived (partly) by goal-line technology failing and VAR not stepping in.Quote:
https://staceywest.net/2021/09/22/de...in-league-one/
The lure of Premier League football has led plenty of clubs down the wrong path; Portsmouth are another fine example of the boom or bust mentality in the second tier. The Premier League money may be the saviour of many clubs, but it is the undoing of others. Make no mistake, had Derby beaten Aston Villa in the 2019 play-off final, it would be likely that the Villans, not the Rams, would be in this dire position...
Championship clubs were spending 107% of their revenue on wages, and that’s not easy. Why don’t you try spending 107% of your income on bills? Not possible without severe problems surfacing very quickly.
Of course part of the problem is that Putin's best mate, Qatar (sportswashing) and American debt owners have completely transformed football financing and others are shooting themselves in the foot in order to keep up.