EFL League One - Derby County FC - Publish Accounts for 2022-23 Season

[Ericsladkilnhurst]

EFL League One - Derby County - Publish Accounts for 2022-23 Season.

Derby County have published their accounts for the last football year, which covers
the first season out of administration, under David Clowe's ownership.

The club reported an operating loss of £10.6m in the period until June 30th 2023
from a base figure of £30.4m although £19.7m of that is a statutory write-off of
goodwill, & is an accountancy procedre.

Headline figures show that David Clowe paid £33m for the club, having paid
administrators Quantuma £13.2m - the amount it cost to run the club during the
9 month's it was in administration, & £19m to creditors.

Derby County's wage bill was £17.2m which includes staff at all levels of the business,
from casual workers to senior managemment, its understood the wage bill for the
first team squad was £7.3m last season, which saw Derby County recruit all their
signings on free transfers.

Under EFL calculations that equates to 42% of their turnover being spent on wages.

Derby County's turnover was £20.4m of which £15.1m was helped by season ticket
sales, sponsorship, & hospitality.

Clubs who are relegated from the championship are only allowed to spend up to 75%
of their turnover on wages, which showed the clubs commitment to sustainability.

Football finance expert Kieran Maguire was asked his verdict on Derby County's
accounts.

Maguire replied, ' He would give it a solid B or a B+ given the restraints. '

[CAMiller]

That's a heft wage bill of around £10m for the staff who aren't part of the first team squad.

[Ericsladkilnhurst]

That's a heft wage bill of around £10m for the staff who aren't part of the first team squad.

Some might say, its to pay the mercenaries from our club.

[Brin]

Some might say, its to pay the mercenaries from our club.

ELK, mercanaries or, some who thought you can only flog a dead horse for so long and it's time to move on?

[Ronners]

ELK, mercanaries or, some who thought you can only flog a dead horse for so long and it's time to move on?

Correct Brin, it was a great move for PW and he would have regretted not going for the rest of his life had he turned them down. UTM

[Jimmy Badfellow]

It was a good move for Warne but the fact they got rid of Liam Rosenoir for him was a little strange. David Clowes is an airline pilot by trade.He flew for BMI for years before it went bust.The business was his Father's from what I'm lead to believe.

[Ericsladkilnhurst]

ELK, mercanaries or, some who thought you can only flog a dead horse for so long and it's time to move on?

Correct Brin, it was a great move for PW and he would have regretted not going for the rest of his life had he turned them down. UTM

I don't blame Paul Warne for going to a bigger club, like you say flogging a dead horse, if you can only
shop in Aldi, while other clubs were M & S shoppers in the recruitment of players.
My comment was more a tongue in cheek.

[simplebrin]

That's a hefty wage bill of around £10m for the staff who aren't part of the first team squad.

Here is a link to the financials. Player wages isn't split in the report.

https://www.dcfc.co.uk/media/get/Der...3%20080324.pdf


I think you can read between the lines here. Article says 'its understood the wage bill for the first team squad was £7.3m last season"

If you compare these accounts to other football clubs accounts, it doesn't make sense. I reckon this will include plenty of severance payments to ex players and other staff. You can't make footballing debts go away.

So I think the £7.3m reference regarding the wage bill is for the 'present' (2022/23) squad.

That's my take on it anyway.

[Jimmy Badfellow]

It will be interesting to see what Derby's spending levels will be IF they get promoted. A good friend of mine is a Derby fan with a good insight in the club through connections.He said that a lot of Derby fans are in for a shock if they think they will be one of the big spenders once they get there. Clowes is not prepared to lose millions a year. Promotion is certainly not nailed on by any means. Barnsley are looking strong and then of course there is Bolton and Posh to contend with. I wonder if they will stick with PW if they fail again?

[Ericsladkilnhurst]

Here is a link to the financials. Player wages isn't split in the report.

https://www.dcfc.co.uk/media/get/Der...3%20080324.pdf


I think you can read between the lines here. Article says 'its understood the wage bill for the first team squad was £7.3m last season"

If you compare these accounts to other football clubs accounts, it doesn't make sense. I reckon this will include plenty of severance payments to ex players and other staff. You can't make footballing debts go away.

So I think the £7.3m reference regarding the wage bill is for the 'present' (2022/23) squad.

That's my take on it anyway.

If you read my thread I put £7.3m for the 2022-23 season wages, which the accounts are for.