Sky Sports: “ Derby County in big trouble “

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Re: Sky Sports: “ Derby County in big trouble “

Postby pembroke allan » Sun Sep 12, 2021 12:42 pm

castleblue wrote:What I find funny in this thread is the talk about the owner of Derby County buying the ground and how that was handled in respect of the annual accounts of the club, Why? because that is not the reason DC were fined £100,000 and asked to submit revised and restated accounts for years ending 30th June 2016, 2017 & 2018.

Derby were found guilty of using an inappropriate method for "Amortisation of player registrations". Derby have been asked to submit these revised accounts USING an agreed method for amortisation of player registrations so the EFL can see the effect on the clubs accounts and if these revised accounts show the club has breached the Profit and Sustainability rules agreed by clubs in the Premier League and Championship.

Derby were required to submit the revised accounts by 17th August which was later extended to the 24th August so the EFL should have had these documents for over 2 weeks so it won't be long before they find out if further charges will be made against the club.

Really doesn't matter if the owner paid £1 or £80m for Pride Park that is not what the EFL was looking at.


:bluescarf: :bluescarf: :bluescarf:



That's what efl are saying at moment? but as we know ffp means club cannot lose more than x amount of money over 3 seasons
Dont you think selling ground for twice its value to clubs owner is going to alter clubs finances for that period? As it was done fairly recently it may not be on efls radar until accounts that includes sale of ground are presented...
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Re: Sky Sports: “ Derby County in big trouble “

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Re: Sky Sports: “ Derby County in big trouble “

Postby castleblue » Sun Sep 12, 2021 1:00 pm

pembroke allan wrote:
castleblue wrote:What I find funny in this thread is the talk about the owner of Derby County buying the ground and how that was handled in respect of the annual accounts of the club, Why? because that is not the reason DC were fined £100,000 and asked to submit revised and restated accounts for years ending 30th June 2016, 2017 & 2018.

Derby were found guilty of using an inappropriate method for "Amortisation of player registrations". Derby have been asked to submit these revised accounts USING an agreed method for amortisation of player registrations so the EFL can see the effect on the clubs accounts and if these revised accounts show the club has breached the Profit and Sustainability rules agreed by clubs in the Premier League and Championship.

Derby were required to submit the revised accounts by 17th August which was later extended to the 24th August so the EFL should have had these documents for over 2 weeks so it won't be long before they find out if further charges will be made against the club.

Really doesn't matter if the owner paid £1 or £80m for Pride Park that is not what the EFL was looking at.


:bluescarf: :bluescarf: :bluescarf:



That's what efl are saying at moment? but as we know ffp means club cannot lose more than x amount of money over 3 seasons
Dont you think selling ground for twice its value to clubs owner is going to alter clubs finances for that period? As it was done fairly recently it may not be on efls radar until accounts that includes sale of ground are presented...


I don't know either way what the effect of selling the ground is but it has nothing to do with what the EFL have charged the club with. I would think that whoever looks over club accounts is satisfied with how DC handled that matter. The EFL has said it wants to see revised accounts using the agreed method of amortisations of player registrations before deciding if any breach of Profit and sustainability has taken place. Here is the statement issued by the EFL.

The EFL can today publish the written reasons relating to the Independent Disciplinary Commission’s sanction verdict in respect of the recent proceedings between the EFL and Derby County.



Following the decision, the EFL remains disappointed that the Commission has determined that a £100,000 financial penalty is appropriate, when it was found the policy adopted for the amortisation of player registrations and the description in the notes to the Annual Accounts did not comply with Profit & Sustainability (P&S) rules.

Alongside a financial penalty, the Club received a reprimand as to its future conduct and has been ordered to submit revised and restated accounts for the years ended 30 June 2016, 30 June 2017 and 30 June 2018 to the EFL by Wednesday 18 August 2021.

While the EFL does not agree that those sanctions are commensurate to the breaches found, following consultation with our legal advisors, the EFL Board has regrettably determined that there are insufficient grounds to appeal the sanction imposed by the Independent Disciplinary Commission.

As a result of the League’s successful appeal, the Club’s re-stated accounts and revised calculations are to be prepared using a compliant form of amortisation in accordance with accounting standard FRS102 and the requirement of the P&S Rules.

Once these have been submitted, the EFL will then be required to consider the submissions in reference to the P&S rules and in particular re-assess whether the Club has complied with the requirement to limit losses in accordance with those rules.

The P&S rules have been adopted by both Premier League and Championship Clubs as a means of assisting them in regulating their own financial performance. Having done so it is incumbent on the EFL to uphold those rules and, as previously demonstrated, it will apply the full force of the current regulations as appropriate.

As a consequence of the EFL’s decision not to appeal, the divisional placings for season 2021/22 are to remain in accordance with the fixture list issued on 24 June 2021.
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Re: Sky Sports: “ Derby County in big trouble “

Postby pembroke allan » Sun Sep 12, 2021 1:41 pm

castleblue wrote:
pembroke allan wrote:
castleblue wrote:What I find funny in this thread is the talk about the owner of Derby County buying the ground and how that was handled in respect of the annual accounts of the club, Why? because that is not the reason DC were fined £100,000 and asked to submit revised and restated accounts for years ending 30th June 2016, 2017 & 2018.

Derby were found guilty of using an inappropriate method for "Amortisation of player registrations". Derby have been asked to submit these revised accounts USING an agreed method for amortisation of player registrations so the EFL can see the effect on the clubs accounts and if these revised accounts show the club has breached the Profit and Sustainability rules agreed by clubs in the Premier League and Championship.

Derby were required to submit the revised accounts by 17th August which was later extended to the 24th August so the EFL should have had these documents for over 2 weeks so it won't be long before they find out if further charges will be made against the club.

Really doesn't matter if the owner paid £1 or £80m for Pride Park that is not what the EFL was looking at.


:bluescarf: :bluescarf: :bluescarf:



That's what efl are saying at moment? but as we know ffp means club cannot lose more than x amount of money over 3 seasons
Dont you think selling ground for twice its value to clubs owner is going to alter clubs finances for that period? As it was done fairly recently it may not be on efls radar until accounts that includes sale of ground are presented...


I don't know either way what the effect of selling the ground is but it has nothing to do with what the EFL have charged the club with. I would think that whoever looks over club accounts is satisfied with how DC handled that matter. The EFL has said it wants to see revised accounts using the agreed method of amortisations of player registrations before deciding if any breach of Profit and sustainability has taken place. Here is the statement issued by the EFL.

The EFL can today publish the written reasons relating to the Independent Disciplinary Commission’s sanction verdict in respect of the recent proceedings between the EFL and Derby County.



Following the decision, the EFL remains disappointed that the Commission has determined that a £100,000 financial penalty is appropriate, when it was found the policy adopted for the amortisation of player registrations and the description in the notes to the Annual Accounts did not comply with Profit & Sustainability (P&S) rules.

Alongside a financial penalty, the Club received a reprimand as to its future conduct and has been ordered to submit revised and restated accounts for the years ended 30 June 2016, 30 June 2017 and 30 June 2018 to the EFL by Wednesday 18 August 2021.

While the EFL does not agree that those sanctions are commensurate to the breaches found, following consultation with our legal advisors, the EFL Board has regrettably determined that there are insufficient grounds to appeal the sanction imposed by the Independent Disciplinary Commission.

As a result of the League’s successful appeal, the Club’s re-stated accounts and revised calculations are to be prepared using a compliant form of amortisation in accordance with accounting standard FRS102 and the requirement of the P&S Rules.

Once these have been submitted, the EFL will then be required to consider the submissions in reference to the P&S rules and in particular re-assess whether the Club has complied with the requirement to limit losses in accordance with those rules.

The P&S rules have been adopted by both Premier League and Championship Clubs as a means of assisting them in regulating their own financial performance. Having done so it is incumbent on the EFL to uphold those rules and, as previously demonstrated, it will apply the full force of the current regulations as appropriate.

As a consequence of the EFL’s decision not to appeal, the divisional placings for season 2021/22 are to remain in accordance with the fixture list issued on 24 June 2021.



Thanks I wonder if this is in part due to the way they brought in Rooney? He was supposed to be employed as coach which meant wasnt part of ffp rules but was also registered to play and in reality he played more than he coached so are efl questioning this?
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Re: Sky Sports: “ Derby County in big trouble “

Postby pembroke allan » Wed Sep 15, 2021 9:10 pm

Reports say derby agree a deal with efl to accept 9 points deduction immediately effect with 3
points suspended..... this will put them on minus 2.
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