Derby County unable to pay players' wages (Sky Sports News)

mkgers

Well-Known Member

Derby unable to pay first team in full amid doubts over club takeover​

Most of Derby's first-team squad only paid half of their pay in December; Club struggling with a major cash flow problem after delays to the proposed takeover by Sheikh Khaled's Derventio Holdings; club CEO Stephen Pearce has apologised to Wayne Rooney and the players​

18:58, UK, Wednesday 13 January 2021
Derby players
Image:Most of Derby's first-team squad have received only half of their December wages

Derby County's chief executive has told the first-team squad that the club is unable to currently afford to pay them their outstanding wages from December, but is working to address the problem.
Most of Derby's first-team squad were only paid 50 per cent of the money that was due to them on December 15 and were told the rest would be paid in full, together with their current month's wages, on January 15.
But, repeated delays in the protracted takeover by Sheikh Khaled's Derventio Holdings has meant the club has a major cash flow problem.
After a number of missed deadlines, it had been hoped that the deal would be concluded on Tuesday night, but the purchase of the club remains incomplete.
Sky Sports News has been told that there is a legally binding agreement between the two parties for the sale of the club.
Advertisement


Wayne Rooney can now prepare his Derby players to face Rotherham on Saturday
Image:Interim boss Wayne Rooney and the players met with club CEO Stephen Pearce to discuss the issue on Wednesday
But, without the purchase fee and associated money being paid, the deal cannot be concluded, and current owner Mel Morris is continuing to fund the wages shortfall from his other business dealings.
On Wednesday, club CEO Stephen Pearce called the players and interim boss Wayne Rooney together at the training ground and apologised for the ongoing problems, and promised to keep them informed of developments.

Also See:​

Pride Park, home of Derby County
Image:Derby's takeover by Sheikh Khaled's Derventio Holdings appears to have stalled for the time being
In December, both sides involved in the buy-out said a deal was still on track, but nothing has been said publicly since.
It leaves Derby in further turmoil, following the coronavirus outbreak which forced them to close their training ground last week, and field a team of junior players in the FA Cup defeat to Chorley.
 
I'm sure they have to be promoted because they will fail FFP if they stay in the Champo. Wazza on over £100k a week (as a coach to avoid further FFP incursion) in the Championship is madness
 
The sheikh thought everything would be "sunni" in the garden but it has all turned to "shiite." No bottomless "well" of money so "oil" is not good.
 
  • Like
Reactions: jtc
Crazy position for them to be in considering the money they have had from Sky.
Feel sorry for their real supporters.
It will only get worse I would imagine when they are basically being bought as a soft propaganda tool.
 
Think they've been in de nile, was it a pyramid scheme, they're notorious for being unPharaoh, hope the squad stick together Aswan but it looks like the cash has Tehran out.
 
I don't care what anyone says or what promises are made, I don't want any Arab investment unless it is a bluenose who has struck rich working in the oil Industry. Something always goes wrong!
Feel sorry for Waghorn!
 
Back
Top