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Derby County
- Thread starter Argyleloyal
- Start date
EFL well & truly flexing their muscles & making Derby a high profile example of what they will do if they get so much of a wiff of creative accounting, dishonesty or trying to pull the wool over their eyes
No doubt other clubs that have not been entirely truthful in submitting the accounts will be looking over their shoulder
I really feel for their supporters
No doubt other clubs that have not been entirely truthful in submitting the accounts will be looking over their shoulder
I really feel for their supporters
Derby County future remains in doubt.
Argyleloyal
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- Apr 25, 2016
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Derby face the prospect of further points deductions next season if a new owner does not settle all outstanding debts under EFL rules.
Argyleloyal
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American businessman Chris Kirchner has had his offer to buy Derby County accepted after detailed talks with the club's administrators over the past few days.
Kirchner appeared to be out of the running to take over Derby when he withdrew his original offer just before Christmas and turned his attentions instead to Preston North End.
But talks with Preston broke down last week and he has now been named as Derby's preferred bidder.
Kirchner appeared to be out of the running to take over Derby when he withdrew his original offer just before Christmas and turned his attentions instead to Preston North End.
But talks with Preston broke down last week and he has now been named as Derby's preferred bidder.
Argylegames
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That should be the 'fit and proper person' test failed in a nutshell.
If he doesn't which club he owns or where it is, how long is his interest going to last in it?
You've got your football fan head on. Any fit and proper test doesn't cover such areas.
justanotherfan
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If you can execute 81 men in a day and still be deemed fit and proper then indecisiveness is a long way down the list of reasons.
Argyleloyal
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Derby County's future remains uncertain after Friday's 5pm deadline for Chris Kirchner to complete his deal for the club passed with no sign of progression.
On Monday, May 16, the American businessman exchanged contracts for the sale of the club with administrators Quantuma, at which point the deal was expected to be sealed 15 days later.
However, Kirchner has not been able to deliver the funds required to do so in the time since and Quantuma have announced they are re-opening negotiations with other interested parties as a "contingency" in case Kirchner's deal collapses.
It is thought that, if Kirchner's deal to buy the club does fall through, there is real danger the club could be liquidated.
On Monday, May 16, the American businessman exchanged contracts for the sale of the club with administrators Quantuma, at which point the deal was expected to be sealed 15 days later.
However, Kirchner has not been able to deliver the funds required to do so in the time since and Quantuma have announced they are re-opening negotiations with other interested parties as a "contingency" in case Kirchner's deal collapses.
It is thought that, if Kirchner's deal to buy the club does fall through, there is real danger the club could be liquidated.
Argyleloyal
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EFL reveal they are stepping in to deal with the takeover as Derby’s administrators speak out over the speculation and allegations.
The English Football League have called out Quantuma and hope that by getting involved, that the takeover can get dealt and the club’s debt can stop rising the longer this goes on, making it harder to make the club survive, to find a buyer and survive the threat of liquidation should it ever get to that point.
The league organisation are putting pressure on the administrators considering there is a serious risk of Derby not being in a position to start the League One season
The League is increasingly concerned that the ongoing delays in the sale process now present a real risk to the integrity of next season’s competition, with the 2022/23 fixture list due to be released in less than two weeks, and need to act now in the best interests of the EFL.
The suspension of the Notice of Withdrawal of the Club’s share in the EFL is subject to conditions that, in accordance with the League’s insolvency policy, the EFL Board determine and given the lack of progress by the Administrators to finalise a transaction, it now considers it appropriate to revise the conditions of suspension.
As a result, the EFL has informed the Administrators that there will be a revision to the conditions attached to the suspension and the EFL is now to be made a party to all correspondence and discussions between the Administrators, and any and all potential bidders, with an acknowledgment that the League will be able to negotiate directly in relation to matters concerning the transfer of the share in the EFL.
The English Football League have called out Quantuma and hope that by getting involved, that the takeover can get dealt and the club’s debt can stop rising the longer this goes on, making it harder to make the club survive, to find a buyer and survive the threat of liquidation should it ever get to that point.
The league organisation are putting pressure on the administrators considering there is a serious risk of Derby not being in a position to start the League One season
EFL STATEMENT:
The EFL has today informed the Administrators at Derby County that following the failure of Mr Chris Kirchner to conclude a sale of Club, it is changing the terms of the suspended Notice of Withdrawal issued when the Club entered into administration in September 2021.The League is increasingly concerned that the ongoing delays in the sale process now present a real risk to the integrity of next season’s competition, with the 2022/23 fixture list due to be released in less than two weeks, and need to act now in the best interests of the EFL.
The suspension of the Notice of Withdrawal of the Club’s share in the EFL is subject to conditions that, in accordance with the League’s insolvency policy, the EFL Board determine and given the lack of progress by the Administrators to finalise a transaction, it now considers it appropriate to revise the conditions of suspension.
As a result, the EFL has informed the Administrators that there will be a revision to the conditions attached to the suspension and the EFL is now to be made a party to all correspondence and discussions between the Administrators, and any and all potential bidders, with an acknowledgment that the League will be able to negotiate directly in relation to matters concerning the transfer of the share in the EFL.
I used to listen to the sycophantic Jim White on Talksport. Always talking to the Derby owner holding him up as a shining light. Don't hear too many mentions now.