Apart from the £15 million pound mortgage on the iPro stadium, Derby County are now a debt free club. £28.5m of loans have been converted to equity by the club’s owners.
However, the club continued to make losses of over £7m a year, showing how difficult it is to even approach break even in the Championship and contend for promotion. Like other clubs, the Rams are reliant on the continued support of the owners.
Apart from the £15 million pound mortgage on the iPro stadium, Derby County are now a debt free club. £28.5m of loans have been converted to equity by the club’s owners.
However, the club continued to make losses of over £7m a year, showing how difficult it is to even approach break even in the Championship and contend for promotion. Like other clubs, the Rams are reliant on the continued support of the owners.
Turnover was down from £17.3m to £15.4m, largely because of a decline in tv receipts and the outsourcing of the retail operation. However, it is expected to increase again this year. Spending on wages was a worrying 68 per cent of turnover, particularly given that such spending has increased again this year.