22/23 season accounts

[Geoff Parkstone]

Go to note 11 to see where the £ 19.7m write off is explained. Likely this will be non recurring, at least at this level - there may be a few tweaks in valuations in future years - eg if unsecured creditors get more than 25p in th £ 1.

The 10.6m is reflective of current trading, although this may have been influenced by being the first year post exit from administration. The administrative expenses of 13.4m do seem high when viewed in the context of the direct expenses of 19m, and may contain some drag over from the exit from administration and the initial set up and creation / rebirth of the club.

So to see the club running at a loss is no real shock, although perhaps the magnitude is somewhat higher than Id expected.

As suspected, the ground is not in the club accounts - the leasehold improvements likely relate to the training ground / assets of the academy rather than Pride Park, although in theory if the club is leasing PP from Clowes Developments then some of these assets could relate to PP too.

Probably show about what I would have expected, likely to look better for 23-24 as the past drifts further into the past - but still in a scenario where the revenue doesnt get close to covering the costs and so continue to rely on benevolence of the ownership. I wonder if the club is paying any rent for PP?

[ramAnag]

Go to note 11 to see where the £ 19.7m write off is explained. Likely this will be non recurring, at least at this level - there may be a few tweaks in valuations in future years - eg if unsecured creditors get more than 25p in th £ 1.

The 10.6m is reflective of current trading, although this may have been influenced by being the first year post exit from administration. The administrative expenses of 13.4m do seem high when viewed in the context of the direct expenses of 19m, and may contain some drag over from the exit from administration and the initial set up and creation / rebirth of the club.

So to see the club running at a loss is no real shock, although perhaps the magnitude is somewhat higher than Id expected.

As suspected, the ground is not in the club accounts - the leasehold improvements likely relate to the training ground / assets of the academy rather than Pride Park, although in theory if the club is leasing PP from Clowes Developments then some of these assets could relate to PP too.

Probably show about what I would have expected, likely to look better for 23-24 as the past drifts further into the past - but still in a scenario where the revenue doesnt get close to covering the costs and so continue to rely on benevolence of the ownership. I wonder if the club is paying any rent for PP?

Sure Stephen Pearce said recently that ‘Derby have never been in a better financial position’. Don’t pretend to understand it all but these figures wouldn’t suggest that to be the case would they?
IF we go up we are going to have to spend to strengthen because, from what I’ve seen, there is a huge gap in quality between L1 and - Rotherham apart - the Championship.
Thoughts/clarification from the ‘number crunchers’?

[swaledale]

Sure Stephen Pearce said recently that ‘Derby have never been in a better financial position’. Don’t pretend to understand it all but these figures wouldn’t suggest that to be the case would they?
IF we go up we are going to have to spend to strengthen because, from what I’ve seen, there is a huge gap in quality between L1 and - Rotherham apart - the Championship.
Thoughts/clarification from the ‘number crunchers’?

The fact that the club are spending 42% of turnover on players wages suggests Derby do have considerable room to manoeuvre on wages IF we get promotion.

Its true that there would need to be player acquisitions on promotion, for comparison, Ipswich spent just over £2.2 million in their promotion season and have spent an estimated £4.5 million this season.

But I doubt Derby will be spending anywhere near that figure. Some sensible wheeling and dealing with a combination of free transfers and a maximum of £2 million on players would see a squad capable of being competitive in the Championship. I actually expect any expenditure on transfers to be less than that but hopefully we shall see.