If Quantuma aren't even answering calls then what are they being paid for?

Even in my days of working a minimum wage office job there was an expectation that calls would be answered or heads would roll. Maybe you could excuse it if they were working for free, but they're not.

Two accusatory statements from EFL within a matter of days are causes for concern given the confidential nature of the process so far. It's becoming increasingly difficult to know where the fault lies. It's all very well the bidders playing cat and mouse but they must be aware of the EFL timelines and Quantuma must have spelled out earlier what parameters need to be covered by any bids so why is "clarification" needed? There appears to be a cavalier disregard in various quarters for various persons' livelihoods/sanity and the whole process is becoming farcical. If I were a bidder (never going to happen) I would rather buy (and pay more for) a championship club but the longer this goes on the less likely will that status be available.

On both a lighter yet still serious note, Quantuma need to come out with something specific no later than this Friday or the whole of the OED will need rewriting. (Of course that's an exaggeration! - just the sections defining "imminent", "soon", "shortly", "sometime", "whenever", "never" etc, etc. should be rewritten.)

John Percy of the Telegraph has tweeted that EFL has been given evidence of proof of funding until the end of March but that proof of funding until the end of the season is required ahead of tomorrow's EFL monthly board meeting. However Simon Stone of BBC has tweeted that EFL have been updated on the preferred bidder situation and also have been given details of a funding plan until he end of the season. So make of that what you will.

My guess is that the "proof" of funding is another soft MSD loan to get to the end of March and the "funding plan" is cash from the preferred bidder when confirmed. So it seems it is as you were chaps. Another month, another short-term cash loan, still awaiting confirmation of preferred bidder.

DET claims Ashley was due to be announced as PB but plans have collapsed.

I really don’t understand wtf Quantuma have been doing for 5 months.

Theve been getting the best deal they can for morris
I reckon.

comment by UNCLE TOM (U1899)
posted 18 minutes ago
Theve been getting the best deal they can for morris
I reckon.
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Yes, this does raise the question - who exactly are Quantuma acting for? I believe it was Morris who appointed them but I would happily stand correction. This in turn asks the question: who do administrators act for? The appointor, the company the subject of the administration, the creditors? Someone somewhere must be entitled to ask Quantuma what is going on and that someone must be entitled to a reply.

OK. I have been told today 2 things. I can't name my source but it's reliable.
1. It is true that the EFL did originally approve the accounts in question... and in fact signed them off. At a later date it was suggested to me that Mel Morris p'd the EFL off.... so they changed their minds and the rest is now history. The inference to me was that "it was personal".

2. The 2nd point was that Quantuma the Administrators apparently have not got a clue what they're doing.

Now you can believe what I've said or not, but for me events would seem to back this version of how things have rolled out.

Quantuma know what they are doing, stringing the job out to make more money for them.

To answer my own question, it appears that administrators act for the company the subject of the administration. They act as agents for the company. Ie they act for Morris but their obligation is to get the best possible price for the company by selling it as a going concern so as to satisfy creditors to various different extents/amounts. So I guess Morris is perfectly entitled to be kept in the loop and this doubtless also extends to EFL under their regulations. The rest of us just pick up any crumbs.

comment by Chicagoram (U22653)
posted 9 minutes ago
To answer my own question, it appears that administrators act for the company the subject of the administration. They act as agents for the company. Ie they act for Morris but their obligation is to get the best possible price for the company by selling it as a going concern so as to satisfy creditors to various different extents/amounts. So I guess Morris is perfectly entitled to be kept in the loop and this doubtless also extends to EFL under their regulations. The rest of us just pick up any crumbs.
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They are not supposed to act for morris.
He has nothing to do with the club.
He still owns the ground(with loans).
Reading between the lines, they want PB to pay off loans for morris.
Spart knows😉

comment by UNCLE TOM (U1899)
posted 11 minutes ago
comment by Chicagoram (U22653)
posted 9 minutes ago
To answer my own question, it appears that administrators act for the company the subject of the administration. They act as agents for the company. Ie they act for Morris but their obligation is to get the best possible price for the company by selling it as a going concern so as to satisfy creditors to various different extents/amounts. So I guess Morris is perfectly entitled to be kept in the loop and this doubtless also extends to EFL under their regulations. The rest of us just pick up any crumbs.
----------------------------------------------------------------------
They are not supposed to act for morris.
He has nothing to do with the club.
He still owns the ground(with loans).
Reading between the lines, they want PB to pay off loans for morris.
Spart knows😉
----------------------------------------------------------------------
Omitted
They work to get best deal for the creditors, not previous owner.

comment by UNCLE TOM (U1899)
posted 20 minutes ago
comment by UNCLE TOM (U1899)
posted 11 minutes ago
comment by Chicagoram (U22653)
posted 9 minutes ago
To answer my own question, it appears that administrators act for the company the subject of the administration. They act as agents for the company. Ie they act for Morris but their obligation is to get the best possible price for the company by selling it as a going concern so as to satisfy creditors to various different extents/amounts. So I guess Morris is perfectly entitled to be kept in the loop and this doubtless also extends to EFL under their regulations. The rest of us just pick up any crumbs.
----------------------------------------------------------------------
They are not supposed to act for morris.
He has nothing to do with the club.
He still owns the ground(with loans).
Reading between the lines, they want PB to pay off loans for morris.
Spart knows😉
----------------------------------------------------------------------
Omitted
They work to get best deal for the creditors, not previous owner.
----------------------------------------------------------------------
When I say "act for" I mean that they are instructed by Morris - rather like a client instructs a solicitor or an accountant. Which is why I said that they must be obligated to give info to Morris if he asks for it. He is the owner of the company in administration. But yes, the ultimate responsibility is to get the best deal for the creditors and Morris will get nowt in financial terms from DCFC unless he is a creditor making a claim, eg for loans.

Latest from EFL:

'Derby County have enough dosh to last the season'

"It is clear that there are still a number of challenges to be dealt with by the Administrators as they work to confirm the preferred bidder status and exit the Club out of Administration."

All very cryptic, where has money come from.
Is it a loan from the yanks again, or an advance from a PB.
Something is begging to stink, or at least smell a bit off around PP.

comment by UNCLE TOM (U1899)
posted 17 minutes ago
All very cryptic, where has money come from.
Is it a loan from the yanks again, or an advance from a PB.
Something is begging to stink, or at least smell a bit off around PP.
----------------------------------------------------------------------
I think it's another MSD loan maybe? Are Quantuma on commission?

They are certainly getting paid a hell of a lot of money

comment by UNCLE TOM (U1899)
posted 15 minutes ago
They are certainly getting paid a hell of a lot of money
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As I have indicated on previous occasions, an Office Junior alone will be charged out at £100 to £120 an hour

Well, is it a case of now we are funded till end of season, Buyers are now going to wait and see which league we will be in, and any other points deductions so as to bid accordingly?.

The bids are in Dixie.

Quantuma have made statements regarding the timing of things happening that they have failed to keep. I would take anything they say with a pinch of salt because it is quite clear they don’t give a damn about the club staff, who are in the dark just as much as the fans as to what is happening. The communication between the Administrators, the staff, the players is abysmal. The various supporters groups are being fed bs by the Administrators along with everyone else.

After the debacle of the first takeover I'm taking most soundbites (around timeframes) with a pinch of salt.

Joz sold to a US team

Oh well only a 90 min trip to Charlotte to see Joz "play" for me.