Could Derby County go into Liquidation ?
Derby County have been in administration for 10 weeks, bottom of the championship
after having a 21 point deduction.
Been reported, debts over £60m, which includes around £26m to HMRC, MSD Holdings
more than £20m, with football & trade creditors owed around £15m.
The administrators ' Quantuma ' are due to meet the HMRC, with it being claimed
prospective buyers of Derby County believe, unless HMRC agree to quarter the debt,
Derby County could go into liquidation.
But if the HMRC agree, it would make it open to other clubs to follow the same path,
in reducing clubs bills.
The administration bill so far is reported to be around £2.8m, so added to the clubs
debts.
Reported only body who can convene to save Derby County, is the government, which
would mean needing the Treasury, English Football League, Mel Morris [former owner],
& MSD Holdings to get around a table, to put a plan together, to rescue the club.
Summary - Things getting worse for Derby County, if HMRC reduces the blll or wipes
the slate clean, it would create a loophole for other clubs to use, if they were in the
same predicament.
There is no way a prospective buyer of the club are going to take on a £60m debt.
So surely it would be better for the creditors & HMRC to agree a percentage of the debt
owed to them, which would be more appealing to a prospective buyer of Derby County.
But the question on fans lips, are why the Derby County football club found themselves
in this predicament.