Derby points deduction (7 Viewers)

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fernandopartridge

fernandopartridge

Well-Known Member
Legia Sky Blue said:
From the outside looking in it has seemed a little strange that the Administrators would have gone with Kirchner given his previous at Preston, over Ashley who clearly has the finances to buy the club. Are Administrators answerable to any authority for their decision making, or do they just coin it come what may?

On a selfish CCFC note this could be a setback in offloading Waghorn as a return to Derby would probably be one of his preferred options.
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I think they are supposed to get the best offer for the debts. Ashley won't offer good money for bad debt.
 
Grendel

Grendel

Well-Known Member
AOM said:
Out of interest, what do these people have to gain by coming out saying they're going to buy/save football clubs even though it's inevitably going to fall through?
Is it just to generate some interest in themselves? Can't see it being very good for their image.

I think Dale Evans was a bit of a different case as there was the impression he might have had some issues
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Haskell was the same
 
L

Legia Sky Blue

Well-Known Member
fernandopartridge said:
I think they are supposed to get the best offer for the debts. Ashley won't offer good money for bad debt.
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While Kirchner might have made the best offer for the debts, surely it's still the administrator's responsibility to make sure he can live up to that offer? With Ashley they might not get as much as they want to cover the debts, but still might at least get something. The likelihood with going for Kirchner is that they end up with nothing instead. Hopefully for Derby, Ashley is still interested and that there is a way out for them.
 
Danceswithhorses

Danceswithhorses

Well-Known Member
KenilworthSkyBlue said:
Why? It's within the EFL's interest to keep extending those deadlines whilst there are parties still interested.
We've received a huge amount of leniency from the EFL in the past so we're in no position to be asking them to throw the book at Derby.
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We're a big club and Derby are a big club, and we both received huge amounts of leniency....agreed (y)
My point was, those same rules and regs, don't appear to apply to smaller clubs, and that doesn't seem fair.
 
no_loyalty

no_loyalty

Well-Known Member
alexccfc99 said:
Kirchner was and is a complete chancer

He tried to buy Preston and was apparently laughed off the negotiating table
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A bit like when Sisu tried to buy, Villa, Man City and Southampton.
 
SkyblueDad

SkyblueDad

Well-Known Member
You have to feel for the genuine Derby fans, this administrator after months selected a preferred buyer there seemed to be others interested, the EFL looks to have rubber stamped him, now at this very late in stage this Yankee has seemingly disappeared back over the pond say what you like about Mike Ashley but he has the means, the knowledge & experience on how to rescue and run a football club, geordies moaned like shit about him but it looks like he has left Newcastle in a far better place than when he took them over. The season starts in less than two months Derby again have to be in peril. My money is on Ashley getting the gig but no doubt it’ll be on his terms.
 
fernandopartridge

fernandopartridge

Well-Known Member
Clumsily got briefly past the paywall by disabling javascript:

Slync.io, the company for which Derby County’s prospective new owner Chris Kirchner is chief executive, is more than two weeks behind on payments to at least several of its employees, The Athletic can reveal.
It is also understood Slync.io has not fulfilled the arranged payments on its sponsorship deal with the NHL’s Dallas Stars, and currently owes the ice-hockey franchise around $800,000.
Slync.io employees are typically paid fortnightly, with those in the US and Canada scheduled to be paid in intervening weeks, but, including last Friday (June 3), it is understood the software company has either failed to pay or issued late payments to some of its employees in seven successive payroll runs across the two countries. It is not known exactly how many staff are affected.
Before the recent payroll issues, Slync.io employees are not understood to have encountered any problems with receiving their payment on time, but concerns within the firm have grown over recent weeks.
It has even been claimed that several employees are considering leaving the company, while some have expressed concerns to Kirchner and other executives about the financial and mental health burden the missed payments have caused.
It is understood Kirchner has issued an apology to the employees of Slync.io, citing an operational error in the company’s banking practices as the reason for the delay in payment and promising that this won’t happen again.
These issues with delayed payments have come as Kirchner attempts to secure venture capital for Slync.io through what is called a Series C funding round, see below, though he has assured staff the two issues are not related.
The EFL is incredibly disappointed with this evening’s announcement by Derby County’s Administrators that Chris Kirchner has failed to complete the purchase of the Club. pic.twitter.com/bzIWWAqDpd
— EFL Communications (@EFL_Comms) June 9, 2022
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In Series C rounds, investors inject funds into successful businesses in an effort to receive a profit on the money they are putting in. Series C funding is focused on upscaling a company, growing it as quickly and successfully as possible.
In addition, The Athletic can reveal that Slync.io is at least several months behind on its scheduled payments to the Stars, whose 2021-22 season ended just under a month ago.
Slync.io logos appear on the team’s practice jerseys and the Zamboni, the vehicle used periodically on ice rinks to clean and smooth out the surface.
This pivotal period for Slync.io comes as concerns within the Derby fanbase over Kirchner’s proposed takeover of the League One club have started to grow, two months after administrators named him as the preferred bidder.
According to a statement on Twitter, Kirchner had targeted May 31 to have completed the purchase of the East Midlands side but cited US and UK bank holidays around that date as reasons for failing to complete the deal last week.
Though Kirchner, not Slync.io, would own Derby if his proposed takeover goes through, news of late payments to some of his North American employees will no doubt be concerning to club staff.
His most recent comment came on June 2, stating: “Nothing to be alarmed about. End of May was chosen because of scheduling for EFL (released in a few weeks), and everyone collectively didn’t think about the three combined bank holidays this week. Working through it and believe we have it resolved. Enjoy your weekend of celebrations.”
When contacted by The Athletic, Kirchner said the allegations were factually incorrect but declined to elaborate.
He is yet to comment regarding the outstanding payments to the Stars.
(Photo: Nathan Stirk/Getty Images)
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B

Brighton Sky Blue

Well-Known Member
The German ‘model’ might produce a Bayern behemoth but it doesn’t lead to what may well happen here. Still expect a white knight though-there always is.
 
fatso

fatso

Well-Known Member
slowpoke said:
Doubt it with Mike Ashley in the wings, might start next season with a minus points though and Ashley calling the shots.
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That just shows how the "fit and proper person rule" is totally fucking meaningless.

If Ashley is the last man standing, he gets the club. Simples.
 
Danceswithhorses

Danceswithhorses

Well-Known Member
ovduk78 said:
Who pays them if the previous company runs out of money? I assume that Morris is the main benefactor so he will get the most of any profits from the sale minus of course their fees.
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Profits ?
The company is (presumably) insolvent, and owes loads of money...the sale proceeds will go to pay off creditors and loans
 
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