Derby County going in to admin

Just watched David Wheater’s interview on Under the Cosh and well worth a watch and particularly interesting how they were not paid for 6 months at Bolton and how poorly players can be treated by their owners referring to his time with Oldham. Not surprisingly Kewell does not escape his criticism.

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Why? What makes football different to other businesses going into administration? Are you saying that if players are not paid in full, then they face expulsion from the EFL? So it’s the EFL/FA who set that rule? If so, that’s a major problem for Derby, I can imagine.



My understanding  is that this rule was brought in  to protect other clubs ....ie if Derby  buys a player from Us for a million  then we go buy a replacement from Scunny for 500k  and then Derby go bust dont pay us  we go bust cos we owe  scunny  etc

Quoted from Lincoln Mariner 56

Just watched David Wheater’s interview on Under the Cosh and well worth a watch and particularly interesting how they were not paid for 6 months at Bolton and how poorly players can be treated by their owners referring to his time with Oldham. Not surprisingly Kewell does not escape his criticism.

I will make that my next one to watch then. Coke had issues with the Oldham owners so I'm interested to hear what Wheater says about his treatment.

As for football creditors needing to be paid in full, yes that is true but there is nothing stopping the administrators trying the negotiate with creditors. Whether the players agree to be released from their contract for a fraction of they are owed is another story though.

When Portsmouth went into admin, they were still paying for Benjani and others a few years later so it can be done. Be interesting to see what happens with Derby because I can't see anyone with sanity taking them on.

Quoted from Lincoln Mariner 56

Just watched David Wheater’s interview on Under the Cosh and well worth a watch and particularly interesting how they were not paid for 6 months at Bolton and how poorly players can be treated by their owners referring to his time with Oldham. Not surprisingly Kewell does not escape his criticism.

Good episode that, from what I remember he calls Kewell a coward.

There’s been much spoken on here about feeling sorry for football supporters at clubs that go into administration. Also much spoken about payment of players wages, and other football creditors, plus things like HMRC.

But do you know what, perhaps the most difficult and most upsetting factor of when a football club goes into administration is the local business community and employees that this affects

Football clubs, even of our size, have many local business suppliers and local trades that have done work for them or supplied services. Often with agreed credit lines. It’s these  local businesses that suffer as a consequence of football clubs going into administration, and people that then discuss the shame related to administration often lose sight of that, or maybe it never dawned upon them. If a football club is sold off as a rescue deal by the administrators, then suppliers are lucky if they ever see 10p - 20p in the £ pound in respect of the money that they are owed.

Jobs and livelihoods become severely at risk in the local community. I recall all those years ago when Leicester City went into administration. Everyone was delighted when they were rescued, but nobody gave a single thought about the ordinary businesses that lost huge amounts of money as creditors that saw practically nothing. There was all sorts of business that were hit by it, including a local florist shop that was owed £6000 and local tradespeople such as electricians and builders, and printers and laundry and security firms etc. It’s really endless the level of hurt and financial hardship that this causes.

It’s happened time and again at various clubs. But the only thing people ever want to think about is the poor old fans because their football team is at risk and at an all time low.

There were occasions when Grimsby Town could have quite easily have gone into administration as an easy way out. But to the credit of the board and John Fenty in particular, there was no way he would allow that to happen, as he could not morally cope with the thought of the widespread financial damage that could do locally to businesses creditors locally. Instead he implemented business acumen and financial clout to keep business going and improve its viability. This should always be remembered

In summary…. See past the football creditors and realise the damage that football clubs going into administration does to its local creditors and dependents.

Who would’ve lost out the most by GTFC going into admin, is it the bloke the club owed £1.5m-£4.5m?

Can anyone remember the name of that person?

Quoted from ska face

Who would’ve lost out the most by GTFC going into admin, is it the bloke the club owed £1.5m-£4.5m?

Can anyone remember the name of that person?

Jim Frotting or something, I think...

Quoted from Fillipe Noche

There’s been much spoken on here about feeling sorry for football supporters at clubs that go into administration. Also much spoken about payment of players wages, and other football creditors, plus things like HMRC.

But do you know what, perhaps the most difficult and most upsetting factor of when a football club goes into administration is the local business community and employees that this affects

Football clubs, even of our size, have many local business suppliers and local trades that have done work for them or supplied services. Often with agreed credit lines. It’s these  local businesses that suffer as a consequence of football clubs going into administration, and people that then discuss the shame related to administration often lose sight of that, or maybe it never dawned upon them. If a football club is sold off as a rescue deal by the administrators, then suppliers are lucky if they ever see 10p - 20p in the £ pound in respect of the money that they are owed.

Jobs and livelihoods become severely at risk in the local community. I recall all those years ago when Leicester City went into administration. Everyone was delighted when they were rescued, but nobody gave a single thought about the ordinary businesses that lost huge amounts of money as creditors that saw practically nothing. There was all sorts of business that were hit by it, including a local florist shop that was owed £6000 and local tradespeople such as electricians and builders, and printers and laundry and security firms etc. It’s really endless the level of hurt and financial hardship that this causes.

It’s happened time and again at various clubs. But the only thing people ever want to think about is the poor old fans because their football team is at risk and at an all time low.

There were occasions when Grimsby Town could have quite easily have gone into administration as an easy way out. But to the credit of the board and John Fenty in particular, there was no way he would allow that to happen, as he could not morally cope with the thought of the widespread financial damage that could do locally to businesses creditors locally. Instead he implemented business acumen and financial clout to keep business going and improve its viability. This should always be remembered

In summary…. See past the football creditors and realise the damage that football clubs going into administration does to its local creditors and dependents.

Whilst I agree that stopping the club going into admin ensured local business creditors didn’t get stung with big financial losses, whenever someone states this as some kind of heavenly intent on behalf of the former custodian. The fact that we nearly went into admin numerous times were actually his own fault due to urine poor management and decision making is always omitted. Why?

Quoted from Fillipe Noche

There’s been much spoken on here about feeling sorry for football supporters at clubs that go into administration. Also much spoken about payment of players wages, and other football creditors, plus things like HMRC.

But do you know what, perhaps the most difficult and most upsetting factor of when a football club goes into administration is the local business community and employees that this affects

Football clubs, even of our size, have many local business suppliers and local trades that have done work for them or supplied services. Often with agreed credit lines. It’s these  local businesses that suffer as a consequence of football clubs going into administration, and people that then discuss the shame related to administration often lose sight of that, or maybe it never dawned upon them. If a football club is sold off as a rescue deal by the administrators, then suppliers are lucky if they ever see 10p - 20p in the £ pound in respect of the money that they are owed.

Jobs and livelihoods become severely at risk in the local community. I recall all those years ago when Leicester City went into administration. Everyone was delighted when they were rescued, but nobody gave a single thought about the ordinary businesses that lost huge amounts of money as creditors that saw practically nothing. There was all sorts of business that were hit by it, including a local florist shop that was owed £6000 and local tradespeople such as electricians and builders, and printers and laundry and security firms etc. It’s really endless the level of hurt and financial hardship that this causes.

It’s happened time and again at various clubs. But the only thing people ever want to think about is the poor old fans because their football team is at risk and at an all time low.

There were occasions when Grimsby Town could have quite easily have gone into administration as an easy way out. But to the credit of the board and John Fenty in particular, there was no way he would allow that to happen, as he could not morally cope with the thought of the widespread financial damage that could do locally to businesses creditors locally. Instead he implemented business acumen and financial clout to keep business going and improve its viability. This should always be remembered

In summary…. See past the football creditors and realise the damage that football clubs going into administration does to its local creditors and dependents.

I told myself that for years but it seems more likely that the reason he would never allow Grimsby Town to enter administration was actually because he would lose a lot of money doing so.

Other than that I agree with you. Any business going into administration has a huge impact elsewhere in the supply chain.

Quoted from Fillipe Noche

John Fenty in particular, there was no way he would allow that to happen, as he could not morally cope with the thought of the widespread financial damage that could do locally to businesses creditors locally.

This is hilarious, it's difficult to know where to begin!

Fenty was the person who stood to lose the most by a country mile if GTFC went into administration. He wasn't thinking about the local community; he was thinking about his own pockets.

You say he couldn't morally cope with the thought of causing financial damage to local businesses but he got into bed with Alex May who hoodwinked loads of people through criminal activity and caused untold financial and emotional damage. Strange standards he holds.