Derby: Selling your ground, and then using it as security on a loan? | Vital Football

Derby: Selling your ground, and then using it as security on a loan?

Rob the Imp

Vital Football Hero
#2
The owner of the club bought the stadium from the club, ok...no idea how the club can then secure a loan against it. Pretty confused by that to be honest.
 

buckielugger

Vital 1st Team Regular
#3
Hmm. So the club "sold" the ground according to their accounts.
If that is what they did, then the club no longer own it and should presumably now be paying rent on it.
If that cannot be demonstrated in their accounts, then the ground sale is a sham and they are thus indeed in breach of the EFL rules and should face a bunch of points off.

And this loan therefore adds to the puzzle. If they are no longer owners of the ground then they surely cannot take out a loan secured against something they don't own?
If we rented a house, it would be blatantly impossible to take out a loan against that house.

Derby can't have their cake and eat it. Sham accounting going on no matter what.
 

NottyImp

Vital Football Legend
#7
So Derby are pissed off that they're being called out for blatantly skirting around the rules? Cheeky so-and-sos.
Welcome to UK Plc. A country full of shysters, spivs, con-artists, snake-oil merchants, rentiers, liars and thieves.

And it starts at the top. Be careful who you vote for.