An independent disciplinary commission has cleared Derby County of both charges relating to the EFL’s profit and sustainability rules.
Derby County Cleared of Both EFL Charges
Rams Did Not Break Rules During Stadium Sale
Derby originally faced punishment by the EFL for two separate breaches.
However, the Championship club has today released a statement announcing that both charges have been dismissed by an independent disciplinary commission.
The first charge given to the club relates to their stadium valuation and how it allegedly breached the EFL’s financial regulations.
The club sold Pride Park Stadium, valued at £80 million, to owner Mel Morris in 2018; giving them a profit of over £14 million in their 2017/18 accounts.
In turn, this ensured that they did not breach the EFL’s profit and sustainability rules which state that a club cannot lose £39 million over a three-year period.
This decision by the commission to dismiss the EFL’s charges comes after other clubs have been punished for similar offences.
Sheffield Wednesday have been handed a 12-point deduction in regards to the sale of Hillsborough in a similar manner to Derby’s financial manoeuvre.
The Yorkshire club will now begin the new season on -12 points as a result of the charge.
Derby Warned Over Policy Wording
Derby’s second charge, which relates to how the club values their players, has also been dismissed.
However, the commission stated that the wording of the club’s amortisation policy “could have been clearer” in its financial statements.
In a statement on their website, the club said the following in response to the commission’s findings.
“Derby County is delighted at the outcome and will, at this stage, not make any further comment relating to the matter.”
Adding that, “the full focus of everyone at the club is now on preparations for the upcoming 2020/21 season.”
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