Derby County back in the black after stadium sale

Derby County have reported their best-ever Championship turnover, according to newly-released financial figures.

The Rams’ results for the year running from 1 July 2017 to 30 June 2018 show turnover of £29.6m, and increase of £600,000 compared to the previous year.

The accounts show a profit of £14.6m, in comparison to a loss of £7.9m in the previous year, largely due to the profit on the sale and lease back of Pride Park Stadium and profit on player registrations.

In the financial year, Pride Park Stadium was sold to a separate company owned by executive chairman Mel Morris CBE. The Rams are continuing to use through a long-term lease arrangement which prioritises the club’s football, retail, hospitality and other related activities.

Derby’s intangible assets rose to £50.5m, £7.9m more than the previous year, and the financial year displayed a profit on transfer dealings of £3.7m.

Broadcast, ticketing and commercial revenue rose by a combined £300,000 in comparison to the 2016/17 financial results.

Total staff costs across the club increased from £34.6m to £40.5m, a rise of £5.9m.