Championship Derby in trouble

captainox said:
The other bidders haven't been able to do anything (other than sit and watch) for the last couple of months because Kirchner was named preferred bidder in early April and therefore entered into a period of exclusivity.

This was lifted in the past two days to allow still interested bidders to re-submit their best final offers.
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This is bullshit bury should have been given every opportunity, what’s good for one has to be good for another.
 
bazzer9461 said:
This is bullshit bury should have been given every opportunity, what’s good for one has to be good for another.
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The Bury situation is very very different to the Derby one. Bury never entered administration until after they were expelled from the EFL. They had entered into CVA (different to administration) in July 2019, very close to the start of the season, meaning the EFL wanted assurances around how they were to be funded for the season under the current ownership or an alternative plan. The EFL deems CVA as an insolvency event and as such deducted points in the same way as a club who does go into administration.
There was no-one who committed to serious interest in buying them for weeks, partly because the chairman at the time Steve Dale had rejected a couple of bids believing he could get better - he arguably single handily ensured Bury would not play in the EFL.
When a final deadline was actually put in place for their chairman to either prove he had the money to finance the club or sell up, a new bidder came forward.
Deadline of 5pm, the one interested party saw their deal collapse at 3pm - "they were unable to resolve problems relating to a mortgage on the Gigg Lane ground and “the overall financial state of the club”, and were not proceeding. Their statement explicitly made clear the breakdown was not because of the tight deadline but “reflective of the systemic failings of a football club over a number of years”.
Dale rejected at least two more bids of a takeover in the final hours. EFL expelled them on 27th August 2020 - tyhey were expelled from the league for consistently failing to show the financial viability of the club and/or completing a takeover deal.

It wasn't until November 2020 (almost 3 months later), that Bury FC were put into administration by Dale. Perhaps, if he had put them into administration in the July, they might never have got to the position of being expelled from the league.

Derby were placed into administration and those administrators have been able to prove how the club could continue to operate and be funded since September 2021, that's why there has been little pressure on Derby, they've been largely able to operate without issue (in comparison to Bury for example) and for that reason their "notice of withdrawal" is suspended.

Given the alleged wages issue for May, then it does seem Derby are creeping closer to the financial viability question, especially if a takeover is not agreed soon. So we might be looking at the EFL bringing out their expulsion criteria once again. That being said, as there are 4 or 5 interested parties in Derby, you'd expect that they'd seal a takeover deal in enough time before that.

It's very easy to try and categorise all these examples of football clubs in financial issues into the same pot, but the Bury, Derby and Macclesfield ones in particular are pretty different. Bolton is the oddest one, quite why they were allowed to play with a youth team, whilst Bury games were being called off, is something I have never been able to understand. The Wigan one was more of a classic administration (though there were the circumstances around it, was there a bet on them being relegated or not) which saw a firesale of players to raise funds and then a takeover completed, albeit after 8 months.
 
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I do wonder sometimes for the fans of football clubs, and rather than prolonging the agony for them, it’s best to pull the plug, and start from scratch.

It’s easy for us to say that, but we’ve been close to going out of business, so I think we can have a bit of a say. I thought at one point, when we were in desperate times, we may of been better starting again. It’s clubs fanbases that have never experienced administration, and points deductions, that say “bye bye Derby” and kind of snigger at football clubs misfortunes. That are absolute sh*t houses. If Derby County started again, it probably wouldn’t take too long to bounce back, especially with there fan base. They would be in a better place.

The clock is ticking for them, and a decision needs to be made for the sake of the fans and Derby County FC.
 
Essexyellows said:
Administrators in delaying tactic shocker so they get more out of the deal.
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How long can Derby be given? The fixtures are out this Thursday and if they’re not sorted it has to be a points deduction and more than the 15 that’s being mentioned. Surely if they’re not sorted they have to be considered for the same punishment as Bury.
Yet again the administrators are getting funding Im from and outside source to pay the wages.
 
bazzer9461 said:
How long can Derby be given? The fixtures are out this Thursday and if they’re not sorted it has to be a points deduction and more than the 15 that’s being mentioned. Surely if they’re not sorted they have to be considered for the same punishment as Bury.
Yet again the administrators are getting funding Im from and outside source to pay the wages.
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I still hope we draw derby early in the season whilst they are still in a mess. If they get through this and we don't play them until December it's a disadvantage
 
Peterdev said:
Derby seem to be getting special treatment.I am sure plenty of clubs would not be getting away with what they’ve done
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And no doubt they'll get flexibility in the rules for the players they want to sign to start the season even if still under administration.
 
So while administrators work to try and safe Derby county they are adding to the debt?
It’s all getting a little desperate now.
 
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