Do Not Sell My Personal Information
Connect with us

Derby County

Mel Morris gives honest update on Derby County’s stadium sale

Published

on

Mel Morris has previously stated that the stadium sale doesn’t affect any possible rule-break. 

This comes after the EFL have recently confirmed that they will be investigating the sale of Derby County’s stadium, Pride Park, which Mel Morris bought.

Financial Fair Play seems to have had an impact on a number of teams in the Championship, with the Rams being one of them, judging by Morris’ comments on talkSPORT.

It hasn’t been great on the field either for Derby this season who have picked up just one win in their opening six games under new manager, Phillip Cocu.

Speaking on talkSPORT, Morris said: “The situation is, if you are going to tie profitability and sustainability – FFP – to accounting, and the regulations say you can effectively add back in profit on the sale of fixed assets, then the fact I sold my biggest fixed asset doesn’t change the fact the rules say you can do this.

Watch Derby County live streams to stay connected with the action.

“The question mark then says: ‘Well, OK, you sold it to yourself’. Well, someone owning two football clubs selling a player to the other football club is the same scenario. It is no different. Someone deciding they are going to advertise on the stadium that they own with another one of their businesses is again another similar related transaction.

“It is the same thing.

“Let me give you the genesis of this thing. My thoughts were, this is really expensive to run a football club in the Championship – really expensive.

“Forget FFP (Financial Fair Play), all those things – think cash. It is really expensive to do.”

The Verdict

It’ll be really interesting to see if anything will happen in terms of sanctions to this Derby County side. It all depends what the EFL value their stadium at.

Morris has to be careful as it was said he was under pressure to sell last season, and now suddenly he isn’t. Something isn’t adding up.

Derby will be hoping they can get back on track both on and off the pitch in what is turning out to be a torrid start to the season.


ScoopDragon Football News Network

Article title: Mel Morris gives honest update on Derby County’s stadium sale

Please leave feedback to help us improve the site: