Derby have announced 22/23 accounts for 13 month period under new owners. There are no comparatives as club has not published anything since 2018. Revenue £20.4m. Wages £17.2m or 84 per cent of turnover. Underlying loss was £12m. Player sale profits £1.6m. Player purchases £155k Owner loans £36m.
Derby owes Clowes £36m interest free. They also owe agents and clubs £2m (nothing
unusual about that, clubs are making increasing use of transfer debt). Deferred income is mainly 23/24 season tickets bought by
fans prior to 30 June 2023. Small loan of £61k due to EFL.
Football finance guru Kieran Maguire observes: ‘Interesting
that David Clowes chose to take on board almost £20m of liabilities of the £47m
run up by the previous regime because (a) he’s a good guy and (b) he wanted to
avoid another points deduction on exiting administration.’
Running a
Category 1 academy is not cheap either. Club have 177 staff in total and first
team squad only about 25 of those
Derby wages limited as the club is complying with an EFL business plan but
still in top quartile of League One. £17.2m total covers 13 months so 84% of
revenue would be lower over a year assessment period.
Derby paying rent of £872k a year for Pride Park. Low yield
compared to the £80m stadium sold to an
MM company a few years ago.
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