New Buyer Progress

[Geoff Parkstone]

Probably right. Although it was AF who introduced the analogy...I just ran with it, not very successfully.

I think my, admittedly inexpert point, was that...while the likes of GP, AF and yourself have a better (more professional) understanding of the role of the administrators, the view of most ordinary fans is that they were brought in to a) sort out all the aspects of alleged financial malpractice and b) secure the future of DCFC as an entity which is crucial to the well being of its supporters and the areas of Derby and Derbyshire.

From a layman’s point of view, and according to GP’s presumably more informed ‘winviz’ comments, they do appear to have failed, probably at great expense, on both counts.

The layman perspective is thus very "lay". Administrators do not sort out alleged financial malpractice - but if they uncover it there is a whistleblower responsibility. Their primary purpose is to stabilise the situation and work out a way forward that is better for stakeholders than liquidation. Fans are a stakeholder, albeit not financially significantly so - only for advance season ticket sales generally. The soft community aspects are nice to satisfy, but not a primary objective of the administration role.

[ramAnag]

The layman perspective is thus very "lay". Administrators do not sort out alleged financial malpractice - but if they uncover it there is a whistleblower responsibility. Their primary purpose is to stabilise the situation and work out a way forward that is better for stakeholders than liquidation. Fans are a stakeholder, albeit not financially significantly so - only for advance season ticket sales generally. The soft community aspects are nice to satisfy, but not a primary objective of the administration role.

I think we’re getting into semantics again.
When I said ‘financial malpractice’ I was referring to things that are already common knowledge, eg. the amount owed in overdue tax, the amounts owed to various service providers, the amount owed regarding certain transfers, the amount of ‘wrongdoing’ as regards FFP etc.
There is no element of ‘whistleblowing’ required in any of those matters because it is already known that those things have happened.

If the administrators aren’t going to ‘sort out’ such issues, and they’ve now had seven months, and they aren’t going to secure the club’s future and protect us from the increasingly likely, according to you, prospect of liquidation...then what have they been doing all this time?