Slippery Derby have financial charges dismissed

[EastbourneBlue]

In January of this year, Derby County Football Club was charged by the EFL in respect of two matters.

Charge One: The club’s valuation associated with the sale of Pride Park Stadium in June 2018.

Charge Two: The club’s amortisation policy associated with intangible fixed assets (players).

The club strongly contested the challenge to the valuation of Pride Park Stadium, as well as the newly notified charge in respect of intangible fixed asset amortisation and has been consistent relating to this matter from the outset.

The charges held up against the club were put to an independent disciplinary commission.

The outcome was as follows:

Charge one was dismissed.

Charge two was also dismissed, save for, the commission found the wording of the amortisation policy in its financial statements could have been clearer.

The full written decision of the disciplinary commission will be published in due course.

Derby County is delighted at the outcome and will, at this stage, not make any further comment relating to the matter and the full focus of everyone at the club is now on preparations for the upcoming 2020/21 season.

Short term they might’ve got away with it but if they’re having to do all this jiggery pokery it’ll come back to bite them

[cyril evans awaydays]

Short term they might’ve got away with it but if they’re having to do all this jiggery pokery it’ll come back to bite them

As you say. The club is now detached from its most valuable capital asset. It is at the whim of the Director who "purchased" it and you wonder what they could use as collateral for any future loans that do not come from the current owner.

You only need to look at Coventry to understand how much more precarious their medium term existence has become.

[jon1959]

As you say. The club is now detached from its most valuable capital asset. It is at the whim of the Director who "purchased" it and you wonder what they could use as collateral for any future loans that do not come from the current owner.

You only need to look at Coventry to understand how much more precarious their medium term existence has become.

One harsh winter and they are sunk - snow messing! This is not the end of this tawdry story.