Middlesbrough 'to sue English Football League' over Derby
Fri Sep 13, 2019 10:29 am
Middlesbrough 'to sue English Football League' over Derby's purchase of Pride Park
Daily Mail
Friday 13th September 2019
Derby owner Mel Morris used a separate company to buy Pride Park for £80million with a deal to lease it back.
Middlesbrough are poised to sue the English Football League, alleging that it failed to enforce its financial rules over Derby's purchase of Pride Park.
As reported by The Times, Middlesbrough have sent a legal letter to the EFL.
Derby finished sixth in the Championship last season and secured a place in the play-offs, finishing one point ahead of Middlesbrough, who were denied the possibility of the £180million windfall that accompanies promotion to the Premier League.
Middlesbrough have accused Derby of exploiting a loophole in the EFL's rules, enabling them to buy their own stadium, thus becoming financially compliant.
Derby owner Mel Morris used a separate company to buy Pride Park for £80million with a deal to lease it back.
At the time, the ground was listed as an asset on Derby's books with a value of £41million.
This year Derby reported a profit of £14.6million pre-tax, when losses of more than £13million per year over three years breach the EFL's profit and sustainability rules.
Last week the EFL ordered property experts to valuate Pride Park.
Derby owner Mel Morris used a separate company to buy Pride Park for £80million with a deal to lease it back
Middlesbrough have sent a legal letter to the EFL, with Derby having beaten them to a place in the Championship play-offs by one point last season
Daily Mail
Friday 13th September 2019
Derby owner Mel Morris used a separate company to buy Pride Park for £80million with a deal to lease it back.
Middlesbrough are poised to sue the English Football League, alleging that it failed to enforce its financial rules over Derby's purchase of Pride Park.
As reported by The Times, Middlesbrough have sent a legal letter to the EFL.
Derby finished sixth in the Championship last season and secured a place in the play-offs, finishing one point ahead of Middlesbrough, who were denied the possibility of the £180million windfall that accompanies promotion to the Premier League.
Middlesbrough have accused Derby of exploiting a loophole in the EFL's rules, enabling them to buy their own stadium, thus becoming financially compliant.
Derby owner Mel Morris used a separate company to buy Pride Park for £80million with a deal to lease it back.
At the time, the ground was listed as an asset on Derby's books with a value of £41million.
This year Derby reported a profit of £14.6million pre-tax, when losses of more than £13million per year over three years breach the EFL's profit and sustainability rules.
Last week the EFL ordered property experts to valuate Pride Park.
Derby owner Mel Morris used a separate company to buy Pride Park for £80million with a deal to lease it back
Middlesbrough have sent a legal letter to the EFL, with Derby having beaten them to a place in the Championship play-offs by one point last season
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Re: Middlesbrough 'to sue English Football League' over Derb
Fri Sep 13, 2019 1:32 pm
Clever boy,a variation on the Sam Hamman trick.
Re: Middlesbrough 'to sue English Football League' over Derb
Fri Sep 13, 2019 1:49 pm
Sneggyblubird wrote:Clever boy,a variation on the Sam Hamman trick.
If true. Then both systems are wrong and should be punished.
Re: Middlesbrough 'to sue English Football League' over Derb
Fri Sep 13, 2019 3:04 pm
glas wrote:Sneggyblubird wrote:Clever boy,a variation on the Sam Hamman trick.
If true. Then both systems are wrong and should be punished.
It's a dangerous practice for clubs to get involved in as Wimbledon and Coventry have found out! Premier league clubs want practice stopped? Whilst it maybe legal it certainly is a way around ffp and must be stopped...
Re: Middlesbrough 'to sue English Football League' over Derb
Fri Sep 13, 2019 4:30 pm
Good luck Boro, f*ck Derby!
Re: Middlesbrough 'to sue English Football League' over Derb
Fri Sep 13, 2019 5:12 pm
Bluebird Warrior wrote:Good luck Boro, f*ck Derby!
It's as obvious they are conning efl over ffp as boris did closing parliament for 5 wks to avoid debate on Brexit!
