Season Ticket Holder
Stated on East Midlands Today last night that The Sheep were spending 161% of income and still didn't get promotion
I understood it could be 24 points in total. 12 points for financial mismanagement (9 this season and 3 deferred to next season) and a further 12 this season for going into administratio.Why only a 12 point deduction?
This is years of mismanagement not just one season.
Obviously Bolton weren't a big enough wake up call.
Expulsion from the league please.
DID YOU CRY AT WEMBLEY
Certainly preferential creditor for unpaid PAYE and NIC deducted from wages and not paid over ... and in view of the fact they’ve not been making profits that’s what the debt is likely to be.I think there was a rule change in December 2020. So the HRMC would become a preferential creditor, if Derby were to to enter liquidation or insolvency. Which would be the end.
There is still the issue of the stadium. That is a secured debt which dodgy Mel sold for way over the asking price, to a company which he owns. To falsely allow the club to fall within FFP thresholds. How does this play out in administration? Is that really still a club asset?
If Derby don't find a buyer, they are very likely to be liquidated. That buyer will have to find at least £50m to pay debts, before any investment.