S
SEARCH
M
SM
Collect News Data
/esi/1339/6_A_51_386468_0/index.html?art_id=386468&ESI

Derby County brands EFL charges "unlawful"

:Headline: Derby County brands EFL charges 'unlawful':
The Championship club are alleged to have broken rules in relation to the sale of Pride Park to owner Mel Morris.
PA | 1mo

Derby have claimed the English Football League's charges against them for breaching Financial Fair Play rules are "unlawful".

The Sky Bet Championship club were charged on Thursday for recording losses in excess of the permitted amounts for the three-year period ending June 30, 2018.

Central to the EFL's charges is Derby's £80million sale of their Pride Park stadium to owner Mel Morris before the club leased it back.

A statement from Derby read: "Derby County Football Club acknowledges receipt of an EFL notice of charges in respect of the club's valuation associated with the sale of Pride Park stadium in June 2018, and further in respect of the club's amortisation policy associated with intangible fixed assets (players).

"The club will strongly contest the challenge to the valuation of Pride Park stadium, as well as the newly notified charge in respect of intangible fixed asset amortisation.

"As a matter of law, the EFL is not entitled to bring either of the charges, having previously agreed to all of the arrangements surrounding the stadium sale and never having raised the issue of player amortisation before. The club shall argue that the very bringing of the charges itself is unlawful.

"At all times, the club has acted transparently with the EFL in its submissions for both FFP/P&S and, in respect of the charges above, had received written approval for all of its submissions in respect of this legislation. No allegation has been raised to the contrary by the EFL. Rather, the EFL now claims that it made a 'mistake'."

Derby said the stadium was valued by professional valuers and that both the transaction and valuation were discussed "extensively with the EFL executive".

The club claimed the EFL's request for "a relatively modest price adjustment" was accepted and the valuation report was prepared by "a highly reputable and professional and independent firm".

Derby's statement added: "The club discussed the rationale for the stadium sale with the EFL executive, ahead of the transaction, supplied and discussed the valuation, and bar a small adjustment in respect of its FFP/P&S submissions, the club was given written approval."

Spending regulations allow Championship clubs to lose £39m over a three-year period.

Derby reported combined pre-tax losses of just over £8m for the period in question, having posted a profit of £14.6m in their latest accounts. But those figures were boosted by the £80m sale of their stadium, which attracted criticism from fellow Championship clubs.

Derby are the second Championship club to be charged this season under FFP rules over the sale of their ground after after similar allegations were levelled against Sheffield Wednesday by the EFL.

Last March, Birmingham were deducted nine points for breaching profitability and sustainability rules.

body check tags ::
amp_article_386468 : Collect and Make Data not in DataBase  : 
last updated article - 2020-01-17 19:49:57:
html db last update - 2020-02-27 15:17:19 :

ex - 7200 : read : write cache and make html

Click here for more stories about Mel Morris

Click here for more stories about Derby County

Share this article now:

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
UC
Get the latest transfer news, match previews and news direct to your inbox!
Read more about Mel Morris Off The Pitch
Recommended Next on SM
Derby County charged with breaching Financial Fair Play rules
Arrizabalaga to ask for Chelsea exit?
Liverpool 'may be denied title if coronavirus cuts season short'
Championship week 36 predictions including Hull vs. Leeds
Premier League Table
TeamPWDLFAGDPTS
1Liverpool27261064174779
2Manchester CityMan City27183668293957
3Leicester CityLeicester28155854282650
4Chelsea2713594537844
5Manchester UnitedMan Utd27118841291241
6Tottenham HotspurSpurs2711794436840
7Sheffield UnitedSheff Utd27101072925440
8Wolverhampton WanderersWolves2791263832639
9Arsenal2781363936337
10Burnley27114123339-637
11Everton27106113641-536
12Southampton27104133448-1434
13Crystal Palace2789102432-833
14Newcastle UnitedNewcastle2787122441-1731
15Brighton & Hove AlbionBrighton27610113239-728
16Bournemouth2775152643-1726
17Aston Villa2774163452-1825
18West Ham UnitedWest Ham2766153248-1624
19Watford2759132443-1924
20Norwich CityNorwich2856172551-2621
Scroll for more - Tap for full version

Subscribe to our Newsletter


Transfer Talk Daily
Match previews - twice weekly
Morning Briefing (7am UTC)
UC
Get the latest transfer news, match previews and news direct to your inbox!

Loading ...

Failed to load data.

Premier League Table
TeamPWDLFAGDPTS
1Liverpool27261064174779
2Manchester CityMan City27183668293957
3Leicester CityLeicester28155854282650
4Chelsea2713594537844
5Manchester UnitedMan Utd27118841291241
6Tottenham HotspurSpurs2711794436840
7Sheffield UnitedSheff Utd27101072925440
8Wolverhampton WanderersWolves2791263832639
9Arsenal2781363936337
10Burnley27114123339-637
11Everton27106113641-536
12Southampton27104133448-1434
13Crystal Palace2789102432-833
14Newcastle UnitedNewcastle2787122441-1731
15Brighton & Hove AlbionBrighton27610113239-728
16Bournemouth2775152643-1726
17Aston Villa2774163452-1825
18West Ham UnitedWest Ham2766153248-1624
19Watford2759132443-1924
20Norwich CityNorwich2856172551-2621
Scroll for more - Tap for full version
. . . . . . . . . . . . . . .
X

We value your privacy

A part of our GDPR compliance we need to ask for your consent. We and our partners use technology such as cookies on Sports Mole to personalise content and ads, provide social media features, and analyse our traffic. Click below to consent to the use of this technology on Sports Mole.