Derby County 'face liquidation' without HMRC concession

Well, as we know, HMRC aren't open to doing deals as it sends a message to others that they too can get away with it. or something like that.:rolleyes: I expect a blog from the Nottingham Forest fans to appear any minute.
Thing is, there’s so many English clubs living outwith their means at the moment. If HMRC do a deal with Derby they’ll leave themselves open in the future which will come back to bite HMRC on the arse

Tricky one
 
They owe HMRC £26m and the administrators want to negotiate that down to a quarter. I'll be stunned if they agree to that. What a massive can of worms it would open.
Watch every big English team try to negotiate their tax liabilities if that’s accepted

Owners would be negligent not to look after their clubs own interests if it does get accepted
 
It all depends on who they know and where.

In scotland we saw that with Hearts and Alex Salmond.

Mel Morris still own them?
 
They owe HMRC £26m and the administrators want to negotiate that down to a quarter. I'll be stunned if they agree to that. What a massive can of worms it would open.
£26 million for a side in the second tier of English football shouldn't leave them facing liquidation.

Surely they could arrange to pay off £2-3 million per year?

Could the EFL not help them with it and then claim the money back from Derby via TV revenue (e.g. retaining a share of the TV revenue Derby would otherwise receive?)
 
£26 million for a side in the second tier of English football shouldn't leave them facing liquidation.

Surely they could arrange to pay off £2-3 million per year?

Could the EFL not help them with it and then claim the money back from Derby via TV revenue (e.g. retaining a share of the TV revenue Derby would otherwise receive?)
That's just the HMRC bit. They owe another £20m to MSD holdings (some dodgy mob they took a loan off) and £15m to creditors. Over 60m in total!
 
£26 million for a side in the second tier of English football shouldn't leave them facing liquidation.

Surely they could arrange to pay off £2-3 million per year?

Could the EFL not help them with it and then claim the money back from Derby via TV revenue (e.g. retaining a share of the TV revenue Derby would otherwise receive?)
That’s only the HMRC numbers. Also owe another £35m on top of that to creditors.
 
That's just the HMRC bit. They owe another £20m to MSD holdings (some dodgy mob they took a loan off) and £15m to creditors. Over 60m in total!
Sad thing is, EPL clubs could buy their starting 11 for five or six million each without noticing and Derby would then be debt free, albeit they’d have to play the youth side.
 
Time for a British professional league, where all teams are placed in the top 3 divisions based on historical achievement, size of support etc

All other clubs go amateur, which leagues are looked after by the EFA and SFA in respective areas etc

A new British Football Association formed.
Why would Premier League sides agree to this?
 
Sad thing is, EPL clubs could buy their starting 11 for five or six million each without noticing and Derby would then be debt free, albeit they’d have to play the youth side.
Yep - it's chicken feed to the top half of the EPL. What did Arsenal spunk on transfers this year? £150m or something like that. Drop down one division and this is happening. Madness.
 
Could be interesting when Derby go down the Newco route and don't get chucked all the way down the leagues. Plus zero debate on whether they're a "new club". They'll get a points deduction from the start of next season in whatever league they're meant to in and just get on with it.
 
Nothing against derby or their fans at all. They should not be treated any differently from us though. No concessions, no payment plans etc. Imagine the amount of English teams that would then be looking to re negotiate their debts? Think of the schools and hospitals etc.
Shut them down, make them start again.
 
Well, as we know, HMRC aren't open to doing deals as it sends a message to others that they too can get away with it. Or something like that.:rolleyes: I expect a blog from the Nottingham Forest fans to appear any minute.
Arsenal cut a deal, as have others.
 
They owe HMRC £26m and the administrators want to negotiate that down to a quarter. I'll be stunned if they agree to that. What a massive can of worms it would open.
Problem that HMRC will see is that other clubs will take it as a precedent to risk upping their debt levels to secure success on the pitch (and therefore their bank accounts), knowing 75% will be discounted when push comes to shove.
 
I believe Derby is only the start, be loads of others in the lower leagues start going.

A few have already went over the last few years. Bury, Scarbrough, Darlington etc.
And you won't see anyone blink an eye as it opens up the English league for reform with introduction of under 23 sides and further changes that lead towards the end goal of a super league.
 
Why would Premier League sides agree to this?
Wasn’t that long ago many of them were for the off to a Super League.

If someone sets up a new league and the big names start signing up then there is not a lot the other could do other than join as well.

Think about when the darts done it, the top names broke away and the rest followed.

The EFA and SFA would kick up a stink but would soon change their minds if the majority of their boards were offered top jobs at the new table.
 
Wasn’t that long ago many of them were for the off to a Super League.

If someone sets up a new league and the big names start signing up then there is not a lot the other could do other than join as well.

Think about when the darts done it, the top names broke away and the rest followed.

The EFA and SFA would kick up a stink but would soon change their minds if the majority of their boards were offered top jobs at the new table.
Yes but the point I'm making is what is in a British league for the likes of Man City and Liverpool that they don't already get by competing in the EPL and Champions League?

The top darts players broke away because the BDO was mismanaging the professional side of the game and there was a dwindling amount of money available. If they hadn't broken away, darts would have eventually ceased to be a professional sport.

That isn't a problem the EPL has.
 
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