Derby confirm financial results up to 30 June 2013.

The financial year to 30 June 2013 saw the Club report a turnover of £15.4 million compared with £17.3m for the year ended 30 June 2012. This reduction in turnover was due to a combination of factors, predominantly a reduction in TV receipts and the outsourcing of the Club's retail operation, both of which contributed to a £1.5m reduction. Although the Club's decision to outsource its retail operation resulted in a reduction in turnover, it also removed the associated operational and administration costs associated with it, which ultimately was much more profitable for the Club.

The net loss for the year reduced by £0.8m, from £7.9m in 2011/12 to £7.1m in 2012/13. This financial year saw the introduction of the first “live” period of the Football League Financial Fair Play (FFP) regulations, which continues to provide a significant challenge. The Club needs to balance success on the field together with the financial imperatives of this new regulatory framework. The result recorded in this financial year, together with the future forecasts puts us in a position to meet the assessment criteria.

The main source of external funding has continued to come from the Club’s ultimate shareholder, General Sports Derby Partners LLC, who remains committed to achieving success for both the football and commercial operations of the company. During the year to 30 June 2013 £6.0m of loans owed to the Club’s parent was converted to equity and since the year end the remaining £22.5m of loans has also been converted to equity.

The Club has maintained its position as being one of the best supported teams in the country although the economic downturn had started to impact on the Club's self-generated income streams: this is not unique to Derby County but it does mean there is more reliance placed on the Club's owners to fund and pressure to find new and additional revenue generators.

Looking forward to the current financial year 2013/14 and beyond, commercial relations continue to remain strong with our existing partners and the Club continues to have success in securing new commercial opportunities. For the 2013/14 season, we expect a significant increase in terms of turnover, which will be in excess of the £17.3m recorded in 2012.

November 2013 saw the Club announce a 10 year stadium naming rights deal worth £7.0 million. The deal with the challenger brand isotonic sports drink manufacturer iPro, saw the Stadium re-named to the "iPro Stadium". It is believed that this is one of the biggest independent deals of its kind in the history of the Football League.

Similarly phase one of the 2014-15 Season Ticket campaign has seen a 22.5% increase in sales compared to the same period in 2013.

Derby County President & Chief Executive Sam Rush said: “During a challenging period for the club Derby County has remained on a financially stable platform. In the new era of proposed financial regulation it again demonstrates the significant backing and commitment of the Club's owners.

“The owners have further reaffirmed their commitment to the future of Derby County by converting loans into equity. In total, General Sports Derby Partners have converted £28.5 million pounds of loan into equity.

“As well as being committed to investing and improving the squad, we have also been smart in the loan market to acquire the likes of England Under 21 players Andre Wisdom and Patrick Bamford on loan deals, while we are also committed to producing up and coming talent through our Academy with Will Hughes and Mason Bennett remaining part of our first-team squad.

“Looking forward to the current financial year 2013/14; when the figures are released for the current campaign they will show just how significant an upturn in results on the field can have on financial results. With the majority of the season spent in the top six of Championship and a lucrative home FA Cup tie against Chelsea in January of this year, the 'feel good' factor will contribute to an increase of nearly £2.4 million in turnover.”

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