bawtryneal
Well-Known Member
Derby players and staff have not yet been paid for May
Apparently Rooney paid May’s wages thinking this would all be sorted out
I think they are supposed to get the best offer for the debts. Ashley won't offer good money for bad debt.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.
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
I think they are supposed to get the best offer for the debts. Ashley won't offer good money for bad debt.
We're a big club and Derby are a big club, and we both received huge amounts of leniency....agreedWhy? 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.
Kirchner was and is a complete chancer
He tried to buy Preston and was apparently laughed off the negotiating table
'It'll all come out soon'... not exactly a positive statementYou would think a man confident of it happening would have stopped for a quick chat.
A bit like when Sisu tried to buy, Villa, Man City and Southampton.
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
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)
Paywall remover 12ft – Hop any paywallClumsily got briefly past the paywall by disabling javascript:
Doubt it with Mike Ashley in the wings, might start next season with a minus points though and Ashley calling the shots.Jesus. They really could go
Refusing to pay the administrators excessive fees though, could be a big stumbling blockDoubt it with Mike Ashley in the wings, might start next season with a minus points though and Ashley calling the shots.
Can we avoid talking about SISU? They are our glorious white knights after all.And we moan about Shitsu...makes you think
Now that is a big thankyou from me...Paywall remover 12ft – Hop any paywall
Works on most sites.
BBC reporting the deal has collapsed
Step in Mike Ashley to get a bargain albeit with a 15 point deduction next season.
They were appointed by Mel Morris iirc, so maybe him ?Who actually pays the administrators for what they are doing?
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.They were appointed by Mel Morris iirc, so maybe him ?
That just shows how the "fit and proper person rule" is totally fucking meaningless.Doubt it with Mike Ashley in the wings, might start next season with a minus points though and Ashley calling the shots.
Profits ?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.
I did wonder that myselfI can't help but wonder if Ashley is behind the whole thing
How would Ashley not be fit and proper?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.
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