In January of this year, Derby County Football Club was charged by the EFL in respect of two matters.
Charge One: The club’s valuation associated with the sale of Pride Park Stadium in June 2018.
Charge Two: The club’s amortisation policy associated with intangible fixed assets (players).
The club strongly contested the challenge to the valuation of Pride Park Stadium, as well as the newly notified charge in respect of intangible fixed asset amortisation and has been consistent relating to this matter from the outset.
The charges held up against the club were put to an independent disciplinary commission.
The outcome was as follows:
Charge one was dismissed.
Charge two was also dismissed, save for, the commission found the wording of the amortisation policy in its financial statements could have been clearer.
The full written decision of the disciplinary commission will be published in due course.
Derby County is delighted at the outcome and will, at this stage, not make any further comment relating to the matter and the full focus of everyone at the club is now on preparations for the upcoming 2020/21 season.