Derby into administration

[flangejackrabbit]

Word going around that this is imminent, sad to see.

Edit: just saw the club have made a statement now that they have indeed filed a notice of intention to appoint administrators.

 

[Supershrimper]

Derby County officially enter administration and are deducted 12 points

Championship side Derby County enter administration and are deducted 12 points by the English Football League.

www.bbc.co.uk

Now official. Looks like they submitted accounts and then had to re-submit them after their method of calculating the value of players was ruled invalid.

Basically avoided relegation from the Championship last season by calculating it wrongly, re-submitted then the inevitable administration and points deduction are in this seasons campaign when they might have a chance of making up the difference.

 

[kaymac]

Such creative accountancy is known as cheating. Wycombe should have stayed up.

 

[The Big Dady]

Such creative accountancy is known as cheating. Wycombe should have stayed up.

Wycombe Wanderers could launch legal action against relegation after Derby administration

Link

 

[kaymac]

Hope they do.

 

[Chrisb]

See Derby have a further points deduction.

Derby County: Championship bottom club docked nine more points for accounting rule breaches

Derby County are docked nine points for breaching accounting rules, leaving them facing the prospect of Championship relegation.

www.bbc.co.uk

 

[Chapperz]

Championship clubs have been run so poorly financially for years, this could be the start of it. Clubs, on average, are spending more on wages than the income they receive. Some of them are even spending up to twice as much on wages than income. That is just player wages, before any other expenses involved in running a football club.

Reading also given a points deduction.

 

[stewart]

I wonder how many more clubs are going to go into administration over the next 2 or 3 seasons.

 

[londonblue]

See Derby have a further points deduction.

Derby County: Championship bottom club docked nine more points for accounting rule breaches

Derby County are docked nine points for breaching accounting rules, leaving them facing the prospect of Championship relegation.

www.bbc.co.uk

This was all predictable. Some of these deductions could easily have been dished out last season and Derby would be where they deserve to be, and so would Wycombe.

 

[Chrisb]

Derby County and connected firms owe £29m to HM Revenue and Customs

Derby County and the club's connected companies owe a combined £29.3m to HM Revenue and Customs (HMRC), according to figures released on Saturday.

www.bbc.co.uk