WoW
Derby’s current position
Owe HMRC £25m
Secured football debts £10m
So the above MUST be paid in full.
They have “Unsecured debts” of £5m,
plus Mel Morris has lent over £100m to Derby,
Under the terms of administration they MUST pay 25% to their creditors to avoid a further 15 point deduction within 24 months.
In order to achieve this, Derby must be sold for over £60m to pay all the current debts and avoid the further 15 point deduction on top of the 12 they’ve already had for going into administration and the 9 they’re about to get for P&S breaches.
over £60m for a club in L1 and doesn’t own its stadium, it simply isn’t going to happen.
Their only hope they’ve got is if Mel Morris walks away from the 25% he’s owed, and at just over £100m he’s owed, that’s around £25-£30m
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Derby’s current position
Owe HMRC £25m
Secured football debts £10m
So the above MUST be paid in full.
They have “Unsecured debts” of £5m,
plus Mel Morris has lent over £100m to Derby,
Under the terms of administration they MUST pay 25% to their creditors to avoid a further 15 point deduction within 24 months.
In order to achieve this, Derby must be sold for over £60m to pay all the current debts and avoid the further 15 point deduction on top of the 12 they’ve already had for going into administration and the 9 they’re about to get for P&S breaches.
over £60m for a club in L1 and doesn’t own its stadium, it simply isn’t going to happen.
Their only hope they’ve got is if Mel Morris walks away from the 25% he’s owed, and at just over £100m he’s owed, that’s around £25-£30m