Terry Gibson's perm
Well-Known Member
If Derby get away with paying less they will soon be using the money to sign players. When hmrx lose we all lose.
Derby points deduction (10 Viewers)
- Thread starter Sky Blue Pete
- Start date
Derby 'face liquidation' unless tax bill slashed but Rooney says it 'isn't an option'
Derby are reportedly facing liquidation unless HMRC agree to reduce the club’s tax bill by a staggering £20million. Administrators are trying to find a buyer for the club, but debts are reported to…
talksport.com
But Margaret Beckett is all for leniancy :
Dame Margaret Beckett, MP for Derby South, has called for HMRC to be lenient in its discussions with Derby County.
Beckett, who briefly acted as Labour Party leader in 1994, was reacting to reports the club could be facing liquidation if HMRC is unwilling to decrease the debt owed by the club significantly.
She told The Athletic: “I hope HMRC look sympathetically because losing Derby County would be disastrous.
“Though under this government, one cannot be sure they will.”
Derby’s co-administrators, Carl Jackson and Andrew Hosking, are confident of presenting a preferred buyer to the EFL within the next two weeks and are currently undergoing discussions with HMRC, along with other creditors, to reduce the amount owed or spread the cost over a more extended period.
Owing to their status as a preferential creditor, HMRC have the right to demand that the £29.3 million debt be paid back in full. The administrators hope they can continue with “positive talks” as HMRC would receive much less if the club is placed in liquidation.
However, Beckett revealed that there are problems in sourcing a preferred buyer. She added that while she has spoken to the administrators, discussions with potential owners appear to have gone “pear-shaped” since their conversation.
SkyblueDad
Well-Known Member
Trouble Derby have is with the covid fall out there will be dozens of companies in hoc to the hmrc and others and hmrc will have to be seen to be consistent.
Gynnsthetonic
Well-Known Member
W
Why she bringing the Conservative government into it, its down to HMRC!Derby 'face liquidation' unless tax bill slashed but Rooney says it 'isn't an option'
Derby are reportedly facing liquidation unless HMRC agree to reduce the club’s tax bill by a staggering £20million. Administrators are trying to find a buyer for the club, but debts are reported to…
But Margaret Beckett is all for leniancy :
Dame Margaret Beckett, MP for Derby South, has called for HMRC to be lenient in its discussions with Derby County.
Beckett, who briefly acted as Labour Party leader in 1994, was reacting to reports the club could be facing liquidation if HMRC is unwilling to decrease the debt owed by the club significantly.
She told The Athletic: “I hope HMRC look sympathetically because losing Derby County would be disastrous.
“Though under this government, one cannot be sure they will.”
Derby’s co-administrators, Carl Jackson and Andrew Hosking, are confident of presenting a preferred buyer to the EFL within the next two weeks and are currently undergoing discussions with HMRC, along with other creditors, to reduce the amount owed or spread the cost over a more extended period.
Owing to their status as a preferential creditor, HMRC have the right to demand that the £29.3 million debt be paid back in full. The administrators hope they can continue with “positive talks” as HMRC would receive much less if the club is placed in liquidation.
However, Beckett revealed that there are problems in sourcing a preferred buyer. She added that while she has spoken to the administrators, discussions with potential owners appear to have gone “pear-shaped” since their conversation.
Sky Blue Harry H
Well-Known Member
Any purchasers could agree to a repayment schedule to HMRC. Of course they'd love the debt to be minimised, or 'cancelled', but as has been said elsewhere, it sets a dangerous precedent - other clubs and businesses would be all over it.
robbiethemole
Well-Known Member
Should make Morris pay every penny, he ran up the debt and not by accident
win9nut
Well-Known Member
You're surprised that a politician (of any brand) is speaking bollocks?
HMRC need to say no, they cannot let this pass. It was bad management that put them in this position, it'll take benevolent future owners (or Mel Morris to put his hand in his pocket to pay for his disastrous gamble) to get them out of the mess
(Especially bad that they let HMRC become preferential creditor)
Daily Mail's take on it...
Derby face LIQUIDATION unless HMRC agree to write off debt
EXCLUSIVE BY TOM COLLOMOSSE AND CRAIG HOPE: The club's administrators are due to meet with the taxman this week in talks that will prove crucial to the club's survival prospects.
Brighton Sky Blue
Well-Known Member
Which is correct, but you also see nothing wrong with keeping a system that encourages this recklessness in the first place. Perhaps a big and established club needs to disappear to finally get the message across.
Finham
Well-Known Member
Bury fans must get annoyed that big clubs get more sympathy than they did.
PUSB-We_are_going_up
Well-Known Member
I hate the twats but the club has mass amounts of history and it would be a shame to see this happen
PUSB-We_are_going_up
Well-Known Member
I had much sympathy for them
Grendel
Well-Known Member
More clubs went under before the introduction of the premier league - far more
no_loyalty
Well-Known Member
Macclesfield were wound up because they couldn’t pay their tax bill, I’m sure there were other clubs too?
Colin Steins Smile
Well-Known Member
Morris is personally responsible for this situation as his multitude of companies own most of the assets connected to the club I. E. Pride park and training ground.
Unfortunately, those assets don’t appear to be parts of DCFC that the administrator can draw on to pay HMRC.
I have some sympathy for the fans, but if the administrator is allowed to reduce the Hmrc bill, then it’s a very wrong president. If that’s the case .... every sports club in the country should apply for a discount on their business tax liabilities
Unfortunately, those assets don’t appear to be parts of DCFC that the administrator can draw on to pay HMRC.
I have some sympathy for the fans, but if the administrator is allowed to reduce the Hmrc bill, then it’s a very wrong president. If that’s the case .... every sports club in the country should apply for a discount on their business tax liabilities
Brighton Sky Blue
Well-Known Member
Ones of Derby’s size?
Grendel
Well-Known Member
Its highly unlikely they will - because of their size - and even if they did the first club in the industry of that size suggests the system is hardly broken surely?
Brighton Sky Blue
Well-Known Member
I mean the appalling state of finances in this league would suggest otherwise. Morris only did what he did to chase the top flight dragon and now Derby are seeking to deny the taxpayer the best part of £20 million+.
How many clubs need to be endangered before you consider it a problem?
Danceswithhorses
Well-Known Member
Can we keep politics out of this football thread please...especially American politics
Grendel
Well-Known Member
Well there aren't and if we are being picky clubs such as Charlton - a club with a very big history - went under in the 1980's - the rules were different then but in reality they were bust and locked out their own ground.
You are being over dramatic
SkyblueDad
Well-Known Member
Do you mean like Woolworths didn’t, House of Fraser didn’t, Debenhams didn’t all those individually threw hundreds out of work.
D
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shmmeee
Well-Known Member
What division were Woolworths in when they went under again?
D
Deleted member 162
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Stuff like this makes me look back on our journey with a bit of relief. It seems the spending has only gotten worse and clubs are in even more God awful positions than we were. Meanwhile we're chugging along on an upward trajectory whilst being surrounded by chaos. Could all have been a blessing in disguise, didn't feel like it when I watched us lose 2-0 away to Yeovil in league 2 mind you.
fernandopartridge
Well-Known Member
Middlesbrough were liquidated in 1986
ceetee
Well-Known Member
But that's the point.
If owners insist that Football Cubs trade as businesses, why should they be treated differently from other businesses
Brighton Sky Blue
Well-Known Member
Not really I just think the scale of the problem and the reasons for it are being overlooked. Usually by the same types who fawn over the likes of Wolves
SkyblueDad
Well-Known Member
There’s a massive point being missed. Derby’s owner is a multi-millionaire maybe even a billionaire and has the means to pay his businesses bills including tax just like I have to. He might have the business up for sale but that doesn’t prevent his liabilities. If I owe the taxman I have to pay or else.
skybluesam66
Well-Known Member
But if Slowpoke Ltd had debts and was a limited company - then you could be Slowpoke 2021 Ltd without the debts (not quite that simple but effectively the end result)
fernandopartridge
Well-Known Member
Let me introduce to the concept of limited companies
Liquid Gold
Well-Known Member
They are also under the control of administrators.
Don’t let that stand in the way of your perfect record though.
Don’t let that stand in the way of your perfect record though.
win9nut
Well-Known Member
Nice day in the Sun though, a few ciders and a laugh with other Cov-Mad supporters. Just a shame about the result and manner of the goals if memory serves me right!
win9nut
Well-Known Member
"An ingenious device for obtaining individual profit without individual responsibility"
Warwickhunt
Well-Known Member
they could get liquidated! wonder what the table will look like if the teams that got points from them are removed?