Rams reveal financial results for the 2015/16 campaign.
Derby County have today announced their financial results for the 2015/16 season - reporting records in turnover, attendances and season ticket numbers, together with a significant strategic investment programme across all sectors of the club.A record year of ticketing and commercial revenue generation – resulting in a 5% increase on the previous year - were the highlights of the strong revenue performance.
The financial year July 1 2015 to June 30 2016 saw the Rams record:
• A best-ever Championship turnover in a non-parachute year of £22.6m
• The highest number of season ticket holders of any club in the English Football League - 22,553
• The highest average attendance of any team throughout the competition - 29,663
The club’s record Championship turnover was a result of a £1.1m uplift in ticketing and commercial revenue performance on the previous year. The year saw Derby County retain the highest number of season ticket holders of any club in the English Football League and the highest average attendance for any team across the competition.
The Board made a strategic decision to drive substantial investment in the playing side, operational functions and the infrastructure of the club, whilst recognising it must still continue to operate within the boundaries and rules of Financial Fair Play set by the EFL.
Almost £6m was invested on operational functions across both Pride Park Stadium and the Training Centre in partnership with the University of Derby. Developments included; new undersoil heating, a top class pitch and LED floodlights at the stadium and the completion of further significant pitch and infrastructure improvements at the Training Centre.
A number of permanent player signings were made during the transfer windows of summer 2015 and January 2016, which boosted balance sheet intangible assets from £7.5m to £33.5m. Wages increased in the year to £32m from £21.8m.
The Rams reported a loss of £14.7m for the year compared to £10.1m in the previous one.
The loss for FFP purposes was £9m (£4m within the allowable £13m threshold) compared to £5.6m in the previous year when the threshold was £6m. This financial year was the fourth in which the English Football League Financial Fair Play regulations were in force and the club’s financial results were approved by the EFL in December.
President & Chief Executive Officer Sam Rush said: “I am pleased to be able to report another strong year for the club across all sectors of our operations. Increases in revenue emphasise the fantastic backing we continue to receive from our supporters and how we remain market leaders in the EFL.
“The 2015/16 season was a landmark year for us as it was the first season in which Mel Morris joined us as owner and Chairman. In this year, Mel’s tremendous commitment to Derby County enabled The Board to make significant strategic investments across all aspects of what is an exceptionally vibrant club. We have now laid the foundations for the club to build for many years to come.
“The club remains in good health for season 2016/17. Gary Rowett and his staff have brought an upbeat and positive outlook and we are all looking forward to the last seven games of the league campaign and beyond.”
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