Former Crystal Palace owner Simon Jordan has backed Derby County after they were charged by the EFL for recording excessive losses over a three-year period leading up to June 2018.
The Rams could be set for a significant punishment that may include a points deduction after the news broke last night, for the charge that relates to the controversial sale of Pride Park to owner Mel Morris.
However, Derby insist that they have done nothing wrong and Jordan told TalkSPORT that Morris’ anger with the EFL is justified.
“If I’m Mel Morris I would throw the kitchen sink at the EFL. I would say ‘you didn’t put a specific exclusion in this that details we can’t revalue a stadium’.
“Mel’s right. The rules are silent around this scenario. He sold the stadium to himself and leased it back so he’s determining the price he was prepared to pay.
“If you need to sell a player you sell a player, but you don’t sell a player to yourself do you? You can’t sell a player that is worth £5m for £50m to support another club.”
Any points deduction would be a major blow to Phillip Cocu’s side, as they are only nine points above the relegation zone ahead of tomorrow’s game against Hull.
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It does seem that Morris felt he was allowed to do what he did and if it’s not in the rules as an offence then you can understand where Jordan is coming from and why Derby are annoyed.
That’s not to say it shouldn’t be an offence as selling your stadium for way over the market value, no matter what is said here, shouldn’t be allowed.
Ultimately, it will all play out over the next few months and it will be interesting to see what happens.
Thoughts? Let us know in the comments below.