Derby County - Financial Problems

Vid

Active member
Joined
30 Sep 2013
Messages
4,302
Reaction score
805
Location
In the shed.
Rooneys missus will be on the phone.
 

Isleworth_Bee

Well-known member
Joined
18 Jan 2005
Messages
22,477
Reaction score
1,102
Location
Basingstoke
I don't understand. They're such a model, well-run club? Mel Morris is such a prudent, honourable businessman and owner?

Screw 'em. Hope they land in league 2.
Couldnt agree more. All you hear in the media is how great MM is and "the Derby way"

L2 would fit them rather well.
 

Ealing Bee

Well-known member
Joined
5 Jun 2002
Messages
10,160
Reaction score
918
Location
Now Chiswick (proud to be a YIMBY)
Could it be that Morris doesn't want to pay his players now he knows he's off soon?


Derby County's takeover by the Deventio Holdings Group, owned by Sheikh Khaled, is "absolutely going ahead", says Rams chief executive Stephen Pearce.
The deal was set to go through last month but the delay means players have not been paid their December wages.
Pearce insists no problems have been raised by either party and expects the takeover to be confirmed "imminently".
"It's just a case of that final bit of the transfer going through," he told BBC Radio Derby.
"There are absolutely no problems that have been raised by either Mel [Morris, Derby owner] as the seller or Deventio Holdings Group in relation to this deal."


No problems with Rams takeover - Pearce
 

Invipai

Active member
Joined
29 Jul 2011
Messages
6,983
Reaction score
503
Location
Ealing, London
That's exactly what it is, owner is looking to sell and doesn't want to pay any more than he needs to. Now that the transfer is delaying longer than expected, he just won't pay up as there is zero return for that money.

It's become an in-joke on The Price of Football podcast that Derby are mentioned at least once every week. It's not hard to see why!
 

cheshirebee

the one without a space
Joined
21 Feb 2009
Messages
1,651
Reaction score
528
Location
Macclesfield
That's exactly what it is, owner is looking to sell and doesn't want to pay any more than he needs to. Now that the transfer is delaying longer than expected, he just won't pay up as there is zero return for that money.

It's become an in-joke on The Price of Football podcast that Derby are mentioned at least once every week. It's not hard to see why!
Most sale contracts will have a clause to protect the buyer from this type of shenanigans ie. the ultimate cash price paid is reduced by any abnormal increase in creditors (which players/staff owed wages will be) between the time the sale is agreed and the actual completion.
More likely they are just running out of cash and MM won’t put any more in. Risk for him that the whole deal collapses and he loses out on whatever might be coming to him from the sale.
 

wibs

Well-known member
Joined
6 Jun 2001
Messages
29,141
Reaction score
929
Location
I AM a location
Astonished to see they have scored just FIVE goals in TWELVE home games this season!!!
 

Ealing Bee

Well-known member
Joined
5 Jun 2002
Messages
10,160
Reaction score
918
Location
Now Chiswick (proud to be a YIMBY)
Move along, folks, nothing to see here....


Derby County players have received their outstanding wages for December, reports BBC Radio Derby.

A delay in the club's takeover by the Derventio Holdings Group - still yet to go through - meant player wages were not able to be paid on time.
After Saturday's win at QPR, Rams boss Wayne Rooney asked for "answers" about why the takeover is being delayed and why players had not been paid in full.

Rooney is keen to strengthen his squad before Monday's transfer deadline.
Derby players receive December wages
 

amersfoort bee

Active member
Joined
26 Jan 2003
Messages
1,855
Reaction score
176
Location
netherlands
Move along, folks, nothing to see here....


Derby County players have received their outstanding wages for December, reports BBC Radio Derby.

A delay in the club's takeover by the Derventio Holdings Group - still yet to go through - meant player wages were not able to be paid on time.
After Saturday's win at QPR, Rams boss Wayne Rooney asked for "answers" about why the takeover is being delayed and why players had not been paid in full.

Rooney is keen to strengthen his squad before Monday's transfer deadline.
Derby players receive December wages
January pay must be due about now.
 

RodBee

RodBee
Joined
10 May 2000
Messages
4,967
Reaction score
24
Location
Camberley, Surrey
If my aged memory is correct, RWDC sold their ground to Morris for £60 million; now he is selling the whole club for £60 million - surely, and assuming that does include the ground, the original ground sale to Morris was well over-valued and presumably just to keep FFP fines at bay.

Surely the EFL will look into this? Oh! Perhaps not as it is WRDC!!!
 

Ealing Bee

Well-known member
Joined
5 Jun 2002
Messages
10,160
Reaction score
918
Location
Now Chiswick (proud to be a YIMBY)
What a way to run a football club... 😲

Wayne Rooney defers portion of his £90,000-a-week wages to help Derby through their cash crisis as newly-appointed Rams boss agrees to spread pay-packet over longer period

The new Rams manager was given a two-and-a-half year contract on similar terms to his playing deal with an additional 12 months when he was appointed last month, but has agreed for the payments to be spread over a longer period to reduce Derby’s short-term outgoings.

The Championship club’s financial position has worsened since then as they wait for a takeover by Derventio Holdings to be completed. And owner Mel Morris is reluctant to inject more funds, leading to the potentially damaging situation whereby many of the club’s players were not paid in full last month.

Derby are understood to have finally transferred the rest of the outstanding December salaries on Monday, and have told the players that January’s wages will be paid on time this Friday.
Rooney defers portion of his wage to help Derby through cash crisis
 

ruislip bee

Well-known member
Joined
25 Apr 2009
Messages
21,687
Reaction score
894
If anybody believes that Rooney is on £90k per week they must have something wrong with them.
That is what was reported when he first signed. Wasn't it supposed to be paid by some external source and wasn't part of the FFP budget. Not sure but I think I read that. Might well have just been a rumour though.
 
OP
BFC1997

BFC1997

Active member
Joined
12 Feb 2011
Messages
8,710
Reaction score
630
Location
Osterley
If anybody believes that Rooney is on £90k per week they must have something wrong with them.
It’s possible.

I think it’s partly offset by additional sponsorship monies received as a result of the publicity of having someone like Rooney. In particular remember reading that 32Red, Derby’s sponsors, “had some say” in Rooney’s squad number being 32.

Derby over the last few years have had Wayne Rooney, Frank Lampard and Ashley Cole on their books. Phillip Cocu was a big name also. There’s a pattern and it gives some indication as to why a club with so many academy graduates in their first team are struggling so badly financially.
 

Isleworth_Bee

Well-known member
Joined
18 Jan 2005
Messages
22,477
Reaction score
1,102
Location
Basingstoke
If anybody believes that Rooney is on £90k per week they must have something wrong with them.
Well i reckon you would be surprised. I believe there are external sources funding a % of it, but i bet its not far off that. If we are paying players £30k plus a week, whats to say Derby wont be paying Englands all time top scorer 90K?
 

Ealing Bee

Well-known member
Joined
5 Jun 2002
Messages
10,160
Reaction score
918
Location
Now Chiswick (proud to be a YIMBY)
If anybody believes that Rooney is on £90k per week they must have something wrong with them.
I read that when he first signed, half his wages were as a player, with the other half as a "coach (despite his never having coached a day in his life).

Apparently this was to get round FFP rules, since only player wages count towards that. Though whether it all added up to £90k pw I couldn't say, but it probably isn't impossible if linked to a sponsorship deal from 32 Red:
Exclusive: Derby's decision to hand Wayne Rooney No 32 shirt brings scrutiny of FA and Church of England
 

Isleworth_Bee

Well-known member
Joined
18 Jan 2005
Messages
22,477
Reaction score
1,102
Location
Basingstoke
I read that when he first signed, half his wages were as a player, with the other half as a "coach (despite his never having coached a day in his life).

Apparently this was to get round FFP rules, since only player wages count towards that. Though whether it all added up to £90k pw I couldn't say, but it probably isn't impossible if linked to a sponsorship deal from 32 Red:
Exclusive: Derby's decision to hand Wayne Rooney No 32 shirt brings scrutiny of FA and Church of England
Must have been close to that figure. I bet he was on that if not more in the states.
 

wibs

Well-known member
Joined
6 Jun 2001
Messages
29,141
Reaction score
929
Location
I AM a location
In the last 4 matches Bees have only scored 1 goal less than Derby have all season!

It's virtually mid February!
 

Ealing Bee

Well-known member
Joined
5 Jun 2002
Messages
10,160
Reaction score
918
Location
Now Chiswick (proud to be a YIMBY)
"On 6 November, Derby announced an agreement in principle had been reached by owner Mel Morris and Derventio Holdings (UK) Ltd for the sale of the club. A submission to the Football League's owners and directors' test had been approved, it was stated, and the transaction would be closed "very soon".
[And in] Derventio's ultimate owner, Sheikh Khaled and his Bin Zayed Group, Derby fans would be getting a cousin of Manchester City owner Sheikh Mansour."


This still hasn't gone through.

And BBC's explanation of the reasons for the delay is murkier than a very murky thing, dipped in a big vat of murk and left to dry in a damp, murky cellar...
What is happening with Derby's £60m takeover?
 

Users who are viewing this thread

Top Bottom