Yep, they're a joke. They've been pulling scams all over the place and about time they've been smashed for it.No sympathy for them at all (some for the fans maybe) their statement reads as an "it's all everybody else's fault". It is Wycombe I feel sorry for - @Sandikan and their fans, Derby should have gone last season, cheats.
Derby had been in conversations with the EFL regarding a 9 point deduction for last seasons financial breach, so they could well be on -14.That’ll put Derby on -5. 11 points from safety. Tough ask for Rooney.
Yeah exactly but there will plenty of apologists pointing to the big club/history thing as if that should be some sort of immunity.Yep, they're a joke. They've been pulling scams all over the place and about time they've been smashed for it.
Hopefully the 12 pointer for admin is separate to that other charges they'll face.
Tbh it's not the wealth of the ownership that's the issue, it is the clear cheating of financial fair play rules - like selling the stadium from one company owned by the owner to another at an inflated value or the farcical accounting practice of giving a residual value to players they've amortized over their contract length...Wow that’s crazy. The last thing I knew of their ownership was that it was the creator/owner of candy crush or something like that and they were loaded.
Is that much different to what PSG and City do at the other end of the spectrum?Tbh it's not the wealth of the ownership that's the issue, it is the clear cheating of financial fair play rules - like selling the stadium from one company owned by the owner to another at an inflated value or the farcical accounting practice of giving a residual value to players they've amortized over their contract length...
Wonder if there's any chance they could finish the season with a worse points tally than their infamous 11 point PL season.Derby had been in conversations with the EFL regarding a 9 point deduction for last seasons financial breach, so they could well be on -14.
If they get the other 9 point deduction on top of the 12 point admin one, then they'll have a go!Wonder if there's any chance they could finish the season with a worse points tally than their infamous 11 point PL season.
Indeed. Really is a shame.Such a historic club, the place where Cloughie made his name. A real shame.
Sounds like something City could've done.Tbh it's not the wealth of the ownership that's the issue, it is the clear cheating of financial fair play rules - like selling the stadium from one company owned by the owner to another at an inflated value or the farcical accounting practice of giving a residual value to players they've amortized over their contract length...
He's already pulled off a minor miracle in getting them to 7 points, such was the strictness of the embargo placed upon Derby at the start of the season.What a mess they are in. A real clusterfcuk. What a shame.
Shame for Wayne too, he's probably not going to get a decent shot at managing another reasonably big club for a while when he leaves there. Unless he pulls of some miracles and manages to get them well up the table.
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Andrew Hosking, Carl Jackson and Andrew Andronikou, managing directors at business advisory firm Quantuma, have been appointed joint administrators of The Derby County Football Club Limited (Derby County) on 22nd September 2021.
Derby County compete in the Sky Bet Championship, the second tier of English football.
The 137-year-old club, currently managed by former England captain Wayne Rooney, was one of 12 founder members of the Football League in 1888, and last played in the top-flight in 2008.
The two-time champions of England play their home games at Pride Park Stadium having moved from its original home of the Baseball Ground in 1997.
Andrew Hosking, Quantuma managing director and joint administrator, said: “I can confirm that Andrew Andronikou, Carl Jackson and I were appointed joint administrators of Derby County Football Club today.
“Covid-19 has had a significant impact on the finances of the club and its long-term ability to continue in its current form.
“We recognise that with the commencement of the 2021/22 season last month, this news will be of concern to stakeholders and fans, in addition to the city of Derby and the wider football community.
“We are in the early stages of assessing the options available to the club and would invite any interested parties to come forward.
“Our immediate objectives are to ensure the club completes all its fixtures in the Championship this season and finding interested parties to safeguard the club and its employees.”
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I agree on the bolded.Listening to Gary Neville's podcast, I agree with him that owners should be able to invest above the club's level of revenue in their own clubs, with him caveating it with them having to guarantee the running of the club with a bond, or some other financial instrument.
This is not the same as endorsing nation state owned clubs, leveraged buyouts, etc.
Fans will ignore the situation. No serious club will, it's a legitimate excuse.If Wayne wants a full career in management he should resign. The ship is sinking regardless & a relegation on his CV don’t look good. People will ignore the situation too & just say “he got Derby relegated” which looks terrible on paper considering they were promotion candidates 2 years ago.
That's the caveat for FFP to be augmented or even suspended. If we take this story on face value, the owner is saying he's lost 200m. What if he were allowed to spend his own money - with those guarantees - to make them more competitive? Should be a risk he's entitled to.I agree on the bolded.
What bollocks. Right now he looks like a manager trying to do the best he can with incredibly limited resources and is actually doing a decent job. Add to that he wasnt a rat deserting a sinking ship means he looks like there is some integrity in the way he manages. He wont have any trouble getting another managerial job if they are relegated.If Wayne wants a full career in management he should resign. The ship is sinking regardless & a relegation on his CV don’t look good. People will ignore the situation too & just say “he got Derby relegated” which looks terrible on paper considering they were promotion candidates 2 years ago.
No need to be hostile. Jeez.What bollocks. Right now he looks like a manager trying to do the best he can with incredibly limited resources and is actually doing a decent job. Add to that he wasnt a rat deserting a sinking ship means he looks like there is some integrity in the way he manages. He wont have any trouble getting another managerial job if they are relegated.
It will be - there's another, likely 9 points, deduction on the way for them.9 points from safety currently then. Could've been a lot worse.