Derby charged by EFL with breaching financial rules over sale of Pride Park - News Summed Up

Derby charged by EFL with breaching financial rules over sale of Pride Park


Derby have been charged by the English Football League with breaching the financial regulations of the Championship following a review of the controversial sale of Pride Park to the club’s owner, Mel Morris. The EFL undertook a review of the Derby submissions and the value of the stadium sale after the vehement objections to it. Derby said in September they “adhered to the profit and sustainability rules” over the sale of Pride Park. “The stadium was subject to an independent professional valuation before sale, nearly 18 months ago, and the EFL indicated in writing the arrangement was in accordance with its rules and regulations,” the club’s statement said. “The EFL cannot now, long after approving the arrangements, suggest Derby County breached the rules.”


Source: The Guardian January 16, 2020 17:45 UTC



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