comment by VC10Ram (U18980)
posted 57 minutes ago
CAN WE PLEASE STICK TO DERBY COUNTY MATTERS?
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Stop shouting.

NO

At last it sounds as though Ashley is serious following his lawyers' statement. Whatever we may think about the man (and who among us in truth really knows anything?) he has the readies and the experience. Appleby has the experience but does he have sufficient funding?

But really, I'm past caring who ends up as owner so long as it is not Kirchner. Whatever and howsoever genuine the difficulties he has faced he (or his advisers) surely should have foreseen it all and planned accordingly.

MA will want the club and the stadium together, I would have thought. If the stadium is being sold to other people, that may rule him out (regardless of whether he will meet the price seemingly set by the CK bid, which I doubt anyway).

From todays DET :
Derby County bidder Chris Kirchner could lose £1.6 million if he fails to complete his takeover of the stricken club, it has been claimed.

The American businessman, who lost his preferred bidder status after Friday's deadline to complete a takeover was missed, covered last month's Pride Park payroll to avoid new a points penalty kicking in next season.

And it appears the loss of preferred bidder status could be costly for Kirchner in more way than one. The decision, prompted by Kirchner's failure to produce the funds needed to complete his takeover, means administrators Quantuma are back in touch with former Newcastle United owner Mike Ashley and one-time Derby chairman Andy Appleby about alternative deals to save the club.

Quantuma confirmed in a statement that “they are engaging with a number of parties who have expressed a desire to acquire the club", including Kirchner.
However, should either Ashley or Appleby end up being the new Rams owners, Kirchner faces losing the £1.6m spent on May's wages.

The Sun journalist Alan Nixon claims today: "Kirchner paid in the funds that sorted out the club’s wages last month when they risked losing three points NEXT season.

"Derby have a three point punishment hanging over them when they failed to pay on time a couple of years ago. Kirchner entered a quick agreement that allowed the administrators to instantly pay the funds. As a result Kirchner cannot get that money back if he is beaten to the purchase of the club."

As revealed back in October, this punishment hangs over the club until the 30th of this month, when the club's employees are due to be paid again.

Nixon adds: "Kirchner is currently trying to clear a £21.4m payment to secure ownership of Wayne Rooney’s club, but can be beaten to the deal by rivals after losing his exclusivity.

"Kirchner originally attempted to transfer his funds on May 27, in time to pay administrators Quantuma and cover the payroll. When anti money-laundering checks [caused] problems, it meant the money would be too late to pay those bills and mean a suspended EFL penalty kicked in.

"Kirchner is waiting on his latest transfer being cleared. It was sent from his personal bank on Monday evening American East Coast time and its arrival date is still unknown.The frustrated bidder is trying to send the same sum by another route."

This all sounds like a farce to me. Do we really want this guy when clearly he's struggling to get his ££££ together. How would this leave DCFC with him at the helm in the future ????

Nixon is clearly getting information that others are not. He seems to have confidence in CK, CK's wealth and CK's bid and that it will go through. It is Nixon claiming that the £1.6m has been invested by CK (which will be lost if CK fails)

However, 'others' are saying (or indicating) that the £1.6m was not physically CK's cash, just a 'loan' that CK has put his name to, to be repaid. If it is some kind of loan, what chance of getting that paid back if it all goes wrong?

comment by sph (U11456)
posted 1 minute ago
Nixon is clearly getting information that others are not. He seems to have confidence in CK, CK's wealth and CK's bid and that it will go through. It is Nixon claiming that the £1.6m has been invested by CK (which will be lost if CK fails)

However, 'others' are saying (or indicating) that the £1.6m was not physically CK's cash, just a 'loan' that CK has put his name to, to be repaid. If it is some kind of loan, what chance of getting that paid back if it all goes wrong?
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It was said he had not paid Mays wages, so what's the truth?

Nixon either has excellent inside info and has got this bang on, or he is being (or has been) seriously played to try and give the process credibility.

We'll no doubt find out which one it is, quite soon!

It was said he had not paid Mays wages, so what's the truth?
****
Christ knows what the truth is. The is so much b*ullsh!t floating around about this at the moment.

Such a poor wum sph.

Best stick to talking to yourself, quite the gift you have at that 🥱🥱🥱🖕

What aspect of my post (or posts) is a wum, Igor?

It was said he had not paid Mays wages, so what's the truth?
*****

The reality is the 'truth' is likely to be somewhere in the middle. Nixon is saying that wages have been paid and indicating that it was CK who did this.

Others are saying CK did not pay them.

If it was some kind of loan that paid the wages that CK has said, "don't worry guys, I'll sort this - just put it on the tab" - then they are both kind of 'right'.

All of them, it matters little to us or you to have an opinion on anything regarding our club especially in these times.

You should be enjoying your moments in the sun after 23 yrs and not taking cheap shots at us in a not to subtle way.

I’ll leave it there, you disappeared for ages when the forest chips were down only to reappear like many of your fellow plastic fans, like the glory hunters you are.

*too, Igor

What are you on about? When the Forest chips were truly down, I was at my posting prowess! (the 40 days of night!!).

I have been wondering in recent days whether CK's presence at the LIV tournament is linked to his attempts to purchase Derby County.

As mentioned earlier Ck's own profile isn't the most remarkable, but when you're purchasing a football club in the UK, have an England international (legend) supporting you along with the credibility and contacts of Garry Cook who has directly been involved with the family members that rule Abu Dhabi, it certainly does bump up your profile a notch or two.

Now, the LIV tournament for non golf fans (like myself) has caused a lot of controversy due to the
human rights record of Saudi Arabia and the magnitude of money involved, up to 20 million for the winner of the tournament. The sums of money involved in this LIV has resulted in certain golf professionals losing respect for jumping from PGA, recently Tiger woods was offered £150 million to join (to my understanding) which he turned down.

Now, given those sums of money, somebody of CK's calibre is likely to be interested and involved in the LIV tournament to make some incredibly lucrative deals. I'm reading today about the likelihood of him losing 1.5 million due to the DCFC deal collapsing, but if he's able to make 10+ times that figure ( and possibly money that is not his own) it's going to be considered as a small loss.

Now CK is no Russell King ( previous Notts County owner and serial fraudster) however there are some parallels between him getting Sven Goran Erikkson involved and using his status to elevate his own personal gain. ( Have a look into the North Korea dealings for an insight into how brazen and bonkers Russell King is) and CK having Wayne Rooney as a marketing chip.

There are rumours circulating since late Thursday that CK owes money to employees (Slynco) back in US which further adds cause of concern given he was due to complete a purchase deal on DCFC but instead opted to concentrate on LIV tournament. He hasn't personally made contributions to wages of Derby County staff in May and the deal is supposedly delayed due to AML checks and the bank holidays.

Smelling the BS yet?

EFL getting more involved, not good!

https://www.efl.com/news/2022/june/derby-county-efl-statement/

comment by Desicafu (U8481)
posted 10 minutes ago
I have been wondering in recent days whether CK's presence at the LIV tournament is linked to his attempts to purchase Derby County.

As mentioned earlier Ck's own profile isn't the most remarkable, but when you're purchasing a football club in the UK, have an England international (legend) supporting you along with the credibility and contacts of Garry Cook who has directly been involved with the family members that rule Abu Dhabi, it certainly does bump up your profile a notch or two.

Now, the LIV tournament for non golf fans (like myself) has caused a lot of controversy due to the
human rights record of Saudi Arabia and the magnitude of money involved, up to 20 million for the winner of the tournament. The sums of money involved in this LIV has resulted in certain golf professionals losing respect for jumping from PGA, recently Tiger woods was offered £150 million to join (to my understanding) which he turned down.

Now, given those sums of money, somebody of CK's calibre is likely to be interested and involved in the LIV tournament to make some incredibly lucrative deals. I'm reading today about the likelihood of him losing 1.5 million due to the DCFC deal collapsing, but if he's able to make 10+ times that figure ( and possibly money that is not his own) it's going to be considered as a small loss.

Now CK is no Russell King ( previous Notts County owner and serial fraudster) however there are some parallels between him getting Sven Goran Erikkson involved and using his status to elevate his own personal gain. ( Have a look into the North Korea dealings for an insight into how brazen and bonkers Russell King is) and CK having Wayne Rooney as a marketing chip.

There are rumours circulating since late Thursday that CK owes money to employees (Slynco) back in US which further adds cause of concern given he was due to complete a purchase deal on DCFC but instead opted to concentrate on LIV tournament. He hasn't personally made contributions to wages of Derby County staff in May and the deal is supposedly delayed due to AML checks and the bank holidays.

Smelling the BS yet?

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Yes, already decided I don't want the guy. MA has the credentials to run our club - and the cash. Move over CK.....

comment by Desicafu (U8481)
posted 14 minutes ago
I have been wondering in recent days whether CK's presence at the LIV tournament is linked to his attempts to purchase Derby County.

As mentioned earlier Ck's own profile isn't the most remarkable, but when you're purchasing a football club in the UK, have an England international (legend) supporting you along with the credibility and contacts of Garry Cook who has directly been involved with the family members that rule Abu Dhabi, it certainly does bump up your profile a notch or two.

Now, the LIV tournament for non golf fans (like myself) has caused a lot of controversy due to the
human rights record of Saudi Arabia and the magnitude of money involved, up to 20 million for the winner of the tournament. The sums of money involved in this LIV has resulted in certain golf professionals losing respect for jumping from PGA, recently Tiger woods was offered £150 million to join (to my understanding) which he turned down.

Now, given those sums of money, somebody of CK's calibre is likely to be interested and involved in the LIV tournament to make some incredibly lucrative deals. I'm reading today about the likelihood of him losing 1.5 million due to the DCFC deal collapsing, but if he's able to make 10+ times that figure ( and possibly money that is not his own) it's going to be considered as a small loss.

Now CK is no Russell King ( previous Notts County owner and serial fraudster) however there are some parallels between him getting Sven Goran Erikkson involved and using his status to elevate his own personal gain. ( Have a look into the North Korea dealings for an insight into how brazen and bonkers Russell King is) and CK having Wayne Rooney as a marketing chip.

There are rumours circulating since late Thursday that CK owes money to employees (Slynco) back in US which further adds cause of concern given he was due to complete a purchase deal on DCFC but instead opted to concentrate on LIV tournament. He hasn't personally made contributions to wages of Derby County staff in May and the deal is supposedly delayed due to AML checks and the bank holidays.

Smelling the BS yet?

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Check my comments on this thread, said this 5 days ago.

And terry as you are the OP, it’s your responsibility to police the thread and delete as appropriate little red dogs on the wind up and delete when necessary.

Yes - but (as I indicated earlier) MA will be unlikely to be interested if the stadium is in the control of others. What's the point of him investing in the club, if all you are doing is creating/enhancing the 'investment value' of one of the main assets for someone else?

Igor - that last post is not a wind-up - it's a massively valid point!

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Yes, already decided I don't want the guy. MA has the credentials to run our club - and the cash. Move over CK.....
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Not if he is not willing to pay towards the creditors. I want the club to survive as much as anyone but it would be immoral to be at the expense of all of the businesses that are in credit to the club (except Mel) many of them small concerns that will struggle to take the hit. Much as we paint Quantuma as the bad boys (and I jest about them I know) I suspect their remit is to sell the club and get the max for the creditors at the same time

Latest (source Sky Sports) :

Derby County takeover: Several businesspeople ready to step in to prevent liquidation

Concerns over Derby's future have mounted since Chris Kirchner failed to transfer the necessary cash before Friday's 5pm deadline; it is understood Quantuma have seen proof of funds from at least five groups who still want to buy the club; EFL says it must be involved in sale talks
There are a number of "well-heeled" businesspeople ready to step in to prevent Derby County from being liquidated, Sky Sports News has been told.

Concerns over the club's future have mounted since Chris Kirchner, who exchanged contracts committing to buy the club, failed to transfer the necessary cash before Friday's 5pm deadline.

The EFL has now written to the administrators, expressing real concern that Derby will not be able to field a team next season, "risking the integrity of the competition", with the fixtures due out in less than two weeks.
League organisers have taken what is thought to be an unprecedented step, informing the administrators, Quantuma, that they must now be directly involved in negotiations with potential bidders for Derby.
It is understood Quantuma have seen proof of funds from at least five groups who still want to buy the club. They include Kirchner, former Newcastle owner Mike Ashley and former Derby chairman Andy Appleby.
Sky Sports News has been told that while the priority is to complete a club takeover long before the fixtures are released, there is the potential for "back-up" funding to be made available for Derby to assemble a squad and fulfil their fixtures should that process be delayed.
Some officials are concerned that the EFL's plans to intervene in the administration process might be in breach of financial protocols, and jeopardise the confidentiality of the bidding process.
Kirchner is adamant he still intends to complete a deal to buy Derby despite missing several deadlines for the purchase money to be paid.

Kirchner no longer has exclusivity to try to complete a takeover after missing Friday's 5pm deadline, set by the club's administrators.
It is understood he has told Quantuma, the administrators, the money to buy the club is lodged in a European bank clearing account, awaiting money-laundering checks to be completed.

Kirchner has altered his plans to fly back to America, and will stay in the UK to try to finalise a deal.
Ashley, former owner of Newcastle, has the cash to buy the club by himself and is still determined to purchase, but says he is being ignored by the administrators, while two other, as yet unnamed, groups are also involved in the bidding process.

Ashley has contacted Derby's administrators, Quantuma, through his lawyers and communicated that he "remains willing and ready to transact".

Ashley, who has been interested in buying Derby since October after he sold Newcastle, has made offers in the sale process but not received any response from Quantuma for some time.

A letter sent to the lawyers of Quantuma on Ashley's behalf says he has been "disappointed by what [he] considers has been the failure of the joint administrators to engage constructively" during the process.

It adds that Ashley does not wish "to be treated as a contingency measure and would require some form of security" from the administrators before entering into further discussions over the sale of Derby.

Wicklow, my real life experience of administrators is that their first, second and third priority is to extract the absolute maximum in fees, (£100+/hr for a junior clerk).

Anything left for creditors is a bonus.

I think that that the ftefl has finally realized that there is some skuldugery going on between the admins and Alan B/stard, and want to see all conversations between the parties.
I think it will ultimately see who really wants it, and whether they will pay the gross admins fees.

According to the Telegraph there has been a failed prosecution of Newcastle United for tax fraud so that HMRC are now pursuing a civil claim in lieu. The alleged misdeeds took place during Ashley's ownership.

This is disturbing if the allegations prove to be true but NU's lawyers are vigorously contesting the action.