Derby

Rams will meet FFP regulations says owner

Derby County will meet Financial Fair Play regulations even if they fail to gain promotion to the Premier League this season believes owner and chairman Mel Morris according to the Derby Telegraph.

The Rams have spent big money on new signings to try to help the club reach the Premier League however the investment provides no guarantee that the club will seal promotion this season with Derby County currently in 5th position in the Championship and 5 points behind the automatic promotion places.

It is believed that the club have invested around £25 million into improvements in the playing squad however a chunk of this figure is likely to be paid out over a number of instalments. With The Rams struggling to maintain a promotion challenge after failing to record a victory in their last 7 matches some supporters have expressed concern about whether the club will breach Financial Fair Play rules if they remain a Championship club next season.

When quizzed about the financial implications of a failed promotion bid Morris told the Derby Telegraph “It will be tighter than it was before, we accept that”.

“I didn’t see the spending of money as being something that was a sign we are ‘going for it’ this year,” added Morris.”

“If you think about the signings we made – and this a really important point – we actually had two different situations here.”

“First, we had a change of head coach going on – Steve McClaren had left and Paul Clement was coming on board.”

“We also had a period where I had become chairman of the club but with the original American ownership group still in place.”

“Although I was financing the purchase of players, it was against the budget that the Americans were also on the hock for even though I was paying for it.”

“Then we had my takeover of the club. The signings are different if you look through that calendar.”

“In the period before I bought the club there were a number of free signings.”

“Then, when budget was available of course you are bound to want to bring in a couple of decent signings.”

After a poor run of results Derby County sacked Manager Paul Clement this week with the club encountering further hefty costs for his dismissal.

“The settlement figure for these situations reduces your headroom on FFP, of course it does,” explained Morris.

“But I do not believe that this will push us over the edge in FFP.”

Darren Wassall is currently overseeing First Team matters after the sacking of Paul Clement earlier this week.

 

 

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