Derby County

[itstimupnorth]

I have read that among the creditors of Derby is HM Revenue & Customs who are reportedly owed £26 million.

Whilst many businesses during the last 18 months have faced severe cash flow problems, surely for HMR&C to allow a debt of that magnitude to accumulate is a matter of serious incompetence.

I know that they are considered to be preferential creditors, and so get first dibs of any money once secured creditors have been satisfied, but usually there's nothing there to start with if a club has gone into administration.

Just how do HMR&C calculate (if they do) the level of indebtedness they will allow a business to run to before they commence legal action?

Has anyone got a figure for the amount of money HMR&C have lost in football administration events over the last 20 years? Or make that 30, so that the PS takeover of GFC is included.

 

[brb]

Certainly crazy and absolutely mind-boggling how these sort of debts are allowed to be built up. Seems to me like serious incompetence all the way round. Thankfully whether we like it or not, at least we appear to live within our means at our club.

I think Evans recently was saying about the prices of players now, something along the lines you have to look outside the leagues, meaning top four tiers, and in some cases National League.

The affects of the Premiership have now had a knock on affect to the Championship, the haves and the have nots. Parachute payments are divisive in themselves.

I look back on Derby and think of Frank Lampard and now Wayne Rooney, newish ground, close but not close enough to gaining a place back in the Prem under the former (if memory is serving me well). Spent what they clearly never had, creating an unfair advantage on those who play by the rules.

What annoys me the most is why it took so long to apply the points deduction and in truth that only happened now because they went into administration. I do hope the previous nine points deduction are not being waivered either. It's brought about scorn from me, that as soon as I heard the nine points deduction were on the verge of being agreed, they went into admin.

Somethink stinks about the whole process, and it's not right, because other clubs who do play by the rules are suffering because of this crass and careless attitude towards getting to the Prem at any cost. It's a form of gambling addiction driven by greed.