r00fie1
Well-known member
Derby Telegraph: https://www.derbytelegraph.co.uk/sport/football/football-news/breaking-derby-county
Derby County news: Rams were charged back in January over alleged breaches of the EFL's profit and sustainability regulations and now an independent commission has cleared them of wrongdoing
An independent commission has cleared Derby County of any wrongdoing regarding alleged breaches of financial regulations.
The EFL charged the Rams back in January with alleged breaches of profit and sustainability rules put in place by the League.
Derby were also hit with a charge regarding the club's amortisation policy with regarding how they value players.
Now the Rams have released a statement this afternoon saying they have been cleared of both charges by an independent commission.
Derby sold Pride Park Stadium to owner Mel Morris in June 2018 for £80 million and as a result they recorded a profit of £14.6m for the accounts ending in 2017-18.
This allowed them to stay outside of the limits allowed by the EFL's profit and sustainability regulations, which forbid clubs from losing £39m over a three-year period.
Now an independent commission has ruled that there was nothing wrong with that or the way the club amortises the value of players.
"Derby County is delighted at the outcome and will, at this stage, not make any further comment relating to the matter and the full focus of everyone at the club is now on preparations for the upcoming 2020/21 season," a club statement said.
Derby County news: Rams were charged back in January over alleged breaches of the EFL's profit and sustainability regulations and now an independent commission has cleared them of wrongdoing
An independent commission has cleared Derby County of any wrongdoing regarding alleged breaches of financial regulations.
The EFL charged the Rams back in January with alleged breaches of profit and sustainability rules put in place by the League.
Derby were also hit with a charge regarding the club's amortisation policy with regarding how they value players.
Now the Rams have released a statement this afternoon saying they have been cleared of both charges by an independent commission.
Derby sold Pride Park Stadium to owner Mel Morris in June 2018 for £80 million and as a result they recorded a profit of £14.6m for the accounts ending in 2017-18.
This allowed them to stay outside of the limits allowed by the EFL's profit and sustainability regulations, which forbid clubs from losing £39m over a three-year period.
Now an independent commission has ruled that there was nothing wrong with that or the way the club amortises the value of players.
"Derby County is delighted at the outcome and will, at this stage, not make any further comment relating to the matter and the full focus of everyone at the club is now on preparations for the upcoming 2020/21 season," a club statement said.
