Derby County have defended their 80m valuation of Pride Park in the wake of an analysis initiated by the English Football League.
The EFL has commissioned valuations of the Rams’ home ground in Addition to Sheffield Wednesday’s Hillsborough and Reading’s Madejski Stadium as part of the Profitability and Sustainability (P&S) procedure.
Derby have told Sky Sports News they ran their own independent valuation of Pride Park prior to selling it to the other of proprietor Mel Morris’s firms – .
And Sky Sports News was advised that a range of additional sides have voiced concerns which Pride Park was overvalued in the selling, allowing without breaking up the EFL principles Derby to spend more.
Championship clubs are reviewing the P&S process, which is drawing to a close to the prior fiscal year, and are discussing whether there ought to be some rule changes, following concerns were raised across Derby as well as other clubs selling their own stadiums to third party companies and renting them back.
Middlesbrough have begun legal actions against Derby over the problem and Boro chairman Steve Gibson has whined to the EFL, saying he feels that the selling and also lease-back system contravenes the League’s principles on P&S – but his suggestion to modify the rule before this season was voted down by the other clubs.
Independent accusations are levelled that, if the stadium is worth 80m, the soccer club is being under-charged in rent.
However, Derby are determined that the rent reflects the quantity of usage the football club gets when they host their home games in the arena, which amounts to an average of 30 days each year.
Derby remain adamant that they have not broken any rules.
The Midlands club have also told Sky Sports News they consider the cost of that independent review in their arena and others are going to be a six-figure sum and some thing 24 Championship clubs will be expected to discuss, which has been met with concern from one other Championship club.
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