Skip to main content

Derby County owners prepared to pay the prices of success

The owners of Derby County want to see the club established in the top half of the Premier League and are prepared to spend to achieve that objective. They have injected £96m over the last two years, including £15.6m this season. The loss of £7.9m in the 2016/17 financial year is considered by the Board to be 'of a level of spend and investment that is required in order to build a sustainable club in the long term'. However, 'The EFL profit and sustainability regulations continue to provide a significant challenge. The Club needs to balance success on the field together with the financial imperatives of this regulatory framework.' It is noted that 'dependency on parent company support is critical to remaining a going concern'.

Turnover was up by £6.4m to £29m. TV and broadcasting revenues increased by £2.3m to £7.9m, predominantly due to the EFL broadcasting deal. Ticketing and commercial revenues were up by £0.9m to £8.7m and sponsorship by £2m to £5m.

The commercial and sponsorship rights increases are largely attributed to a new joint venture between the club and Delaware North Companies UK Ltd called 'Club DCFC Limited' who from July 2016 have operated all of the hospitality, events and concourse activities at Pride Park.

The club lost £450,000 a week before player sales. The operating loss was £23.3m, but this was offset by a profit on player sales of £16.2m, principally those of Jeff Hendrick, Lee Grant, Will Hughes and Tom Ince.

At £34.6m staff costs amounted to 119 per cent of turnover. Such high figures are not unusual in the Championship, called by the club 'the world's most competitive league'.

Labels:

Comments

Post a Comment

Popular posts from this blog

It's no deal say Spurs insiders over Taiwanese takeover

Senior figures at Tottenham Hotspur insisted on Friday that they had not been informed of any deal to sell Daniel Levy’s stake in the club. A business group, Eight Sports Capital — which is said to include a billionaire Taiwanese financier — claimed that it had an agreement in place to buy a 24.99 per cent stake in ENIC, the club’s majority owners, from Levy, who owns 29.88 per cent. The Times has been told Ng Wing Fai and Brooklyn Earick form part of the group, having both been linked previously to potential takeovers of the Premier League club. The Taiwanese businessman, Richard Tsai, is also said to be part of the consortium. He is reportedly worth £7 billion.  Last year Earick, the former DJ and tech entrepreneur, was part of an attempted £4.5 billion takeover, which was “unequivocally rejected” by Spurs.  An ENIC spokesperson said: “We can confirm that neither ENIC nor THFC are aware of any sale by Daniel Levy’s Family Trust of its minority stake in ENIC, THFC’...
Post a Comment
Read more

Spurs CEO attacks luxury training base

The Tottenham Hotspur chief executive Vinai Venkatesham has issued a withering assessment of the way the club was run under Daniel Levy, likening the state-of-the-art training centre to a five-star hotel rather than a centre of high performance.  Venkatesham was appointed to his role in April 2025, having stepped down as chief executive at Arsenal the previous summer. However, he has said that some aspects of the club were “in a significantly worse state” than he expected.  “Our training centre is amazing, one of the best, if not the best in the world,” Venkatesham told BBC Sport. “But when you look around, it looks more like a five-star hotel than it does a performance environment. That will change over the summer. I think there are many areas where the club hasn’t got the right level of expertise.”  He explained that the football side of operations was the club’s main downfall when he arrived last year. [One Spurs fan wryly observed that it was like a water company sayi...
Post a Comment
Read more

Fulham requires big funding from owner

After lengthy delays, Fulham’s shiny, new Riverside Stand has finally opened, creating “a unique Thameside destination with first class facilities for supporters and partners on match days, as well as for the wider community year-round”. This ambitious project has increased Craven Cottage’s capacity by around 4,000 to 29,600, while it has also taken advantage of the club’s fantastic location and wealthy catchment area by including two Michelin star restaurants, a rooftop swimming pool, corporate hospitality and event space, all benefiting from views of the Thames. Chief executive Alistair Mackintosh observed, “Fulham is the sort of club that can have a business class or first class and have fans that turn left on a plane.” Indeed, there is also an exclusive members club – with a football season ticket as an optional extra. It’s fair to say that “the times they are a-changing”, as this is a long way from the traditional pie and a pint. However, in a world where clubs face the tw...
Post a Comment
Read more