Derby to sue Rush for £6.8M

[roger_ramjet]

Suspect the ‘accountancy twins’ Roger and Manx may be in high demand on here over all this.
How worried should we be chaps?

Hard to say until accounts are available - and by that I don't mean the "commentary" press release by the club. Since we had accounts last year, informed opinion last year noted that we don't need to produce another set for 3 years, so it could be a while yet!

As to the unfair dismissal claim which the club has lost, I wouldn't think that would influence the claim against SR. Since the dismissal was for alleged good cause - ie breach of fiduciary duty etc, then the normal procedures would have been ignored. Since correct processes may not have been followed, the club would naturally have lost at the tribunal? We need an HR view on that - where's Angry when you need him.

The contingent asset recovery from the claim would only be a note and should not have been included in the balance sheet per se. The liabilities from which the contingent asset arose (eg enhanced salaries, transfer fees and agent payments) will have already been provided for or written off.

So on the face of it the downside has already been dealt with and the upside should not have been included, but let's wait and see. I would imagine there is no FFP impact