Connect with us

Hi, what are you looking for?

Football Reporting
Football Reporting

Barcelona

Football news – Derby County to be deducted 12 points by EFL with Championship club set to enter administration


Derby County are to be deducted 12 points by the English Football League (EFL) after the Championship club filed for administration.

The EFL said in a statement: “With confirmation from Derby County Football Club that they have filed a notice of intention to appoint administrators, the EFL can tonight confirm that the club will be subject to an insolvency event under the terms of the EFL’s Regulations.

“As a result, the club faces a 12-point deduction.

Champions League

Barcelona aren’t even good underdogs – The Warm-Up

Advertisement. Scroll to continue reading.

15/09/2021 AT 07:29

“Once the EFL has received formal notification of the application, the deduction will be applied.”

Derby confirmed they were moving into administration earlier on Friday.

A statement read: “Derby County Football Club today announced that the club, the ultimate holding company of the group, and all of the subsidiary companies have filed notices of intention to appoint administrators.

“This action was made necessary by a number of developments. Last week, it became clear that the process which has been underway to identify a purchaser for the club likely would not be productive over the near term, despite the number of negotiations with credible parties.

Advertisement. Scroll to continue reading.

“Because the Covid-19 pandemic has had a severe impact on the revenues and profits of all of its businesses, the club has been unable to service its day-to-day financial obligations. The directors had no choice but to make the tough decision to take this action and protect the club.

“The irony is that the club’s financial forecasts show the emergence of a financially sustainable picture. Absent the Covid-19 pandemic, we undoubtedly would have been able to trade through.”

The club are already being investigated for breaking accounting rules in 2016, 2017 and 2018 which could see them handed a further points deduction.

Derby were fined £100,000 and reprimanded in July this year for the breach.

If the points deduction is implemented before Derby’s game against Stoke on Saturday afternoon, they will move down into 24th place on -5 points.

Premier League

Advertisement. Scroll to continue reading.

Rooney backs Ronaldo to play into his 40s

10/09/2021 AT 09:16

Euro 2020

Hayward: Why 2000 and 2010 – not Euro 96 – are keys to understanding this England v Germany game

25/06/2021 AT 11:48



Source link

Advertisement. Scroll to continue reading.
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Bayern Munich

Toni Kroos has recalled Germany‘s 2014 World Cup final victory against Argentina and shared some anecdotes from before and after the game at the...

Bundesliga

8:48 AM ET Ralf Rangnick is open to as many as four first team players leaving Manchester United in January because of the emergence...

Barcelona

Manchester United committed to spending £58million to bring Anthony Martial to Old Trafford in a world record deal for a teenager back in 2015...

Barcelona

Barcelona are in talks over the transfer of Wolves winger Adama Traore, according to reports. The 26-year-old, who has a cap for the Spanish...