Derby charged with excess losses and could face points deduction after failing to keep spending in check – The Sun
WAYNE ROONEY'S Derby face a potential points deduction after being charged with breaching EFL financial rules.
The Rams sold their Pride Park home to another of owner Mel Morris’ companies in a controversial £80m deal.
Previous valuations had rated the ground at being worth around £40m, although Morris, who has consistently denied any wrongdoing, insisted it was a “fair and reasonable” price tag.
The deal allowed Derby to announce a profit of £14.6m in 2017-18.
That also meant the Rams did not fall foul of EDFL profit and sustainability rules which allow clubs to only lose £39m over a three year period.
In the two previous seasons, Derby had recorded aggregate losses of £22.6m and without the ground sale they would have been in significant breach.
Last season, Birmingham were deducted nine points after recording three year losses of £48.8m.
Middlesbrough led a group of angry clubs who threatened to sue Derby, with Teessiders’ chief Steve Gibson also raising the prospect of legal action against the EFL.
Source: Read Full Article