David Posted March 31, 2015 Share Posted March 31, 2015 Derby County have today announced their latest financial results. The financial year to 30 June 2014 saw Derby County Football Club maintain its position as one of the best supported teams in the country, reporting a turnover of £20.2 million, representing an increase of 31% in comparison to the £15.4 million turnover recorded in 2013.This significant increase had a number of contributing factors both on and off the pitch. On a matchday, crowds were up 20%, the number of season ticket holders reached over 22,000 and as a direct result of the success on the pitch, the Club had the financial rewards of reaching the Sky Bet Championship Play-Off Final in May 2014.While the Club was ultimately unsuccessful at Wembley Stadium in the aforementioned match, strong foundations were created, which in May 2014, included local businessman Mel Morris taking a stake in the Club and a seat on the Board of Directors. Commercial relations also continued to remain strong with existing partners and the Club continues to look for new commercial opportunities.November 2013 saw the Club announce a 10 year stadium naming rights deal worth £7.0 million. The deal with the isotonic sports drink manufacturer iPro saw Pride Park Stadium re-named as the "iPro Stadium".It is believed that this is one of the biggest independent deals of its kind in the history of the Football League.The main source of external funding during this financial year continued to come from the Club’s majority shareholder, North American Derby Partners LP.Between 1 July 2013 and 30 June 2014, in addition to the commitment shown by the shareholders in converting all of the £22.5 million loans to equity, it was also agreed that the upside in revenues reported above was to be reinvested on the pitch, together with additional funding from the shareholders.Asva result of this strategic decision, despite the increases in revenue and funding from the shareholders, the Club continued to return a consistent loss of £7.0 million compared with £7.1 million in the prior year, which sits well alongside fellow Championship competitors. This financial year was the second year in which the Football League Financial Fair Play (FFP) regulations were in force, which continues to provide a significant challenge of balancing success on the field with the financial constraints of this regulatory framework.Both the current and future forecasted financial results put the Club in a position to meet the assessment criteria. Looking at the financial results expected for the 2014/15 season, they stand to remain just as robust and similarly for future years, as Phase One of the 2015/16 Season Ticket campaign saw sales of over 18,000 compared to 15,000 at the same time last year.Derby County’s President & Chief Executive Sam Rush commented: “The 2013/14 season was a year which saw a number of major changes, both on the football and business side.“A change in footballing philosophy and a restructure of the football operations saw Steve McClaren and his coaching staff appointed in September 2013, in addition to the development of the football operations and scouting network.“An appearance in the Play-Off Final at Wembley Stadium last May followed, after the team achieved a record points total in a season and were also the Championship’s leading goalscorers – in addition to increased attendances.“Off the field, our Commercial operations once again thrived and continued to be successful, notably with the stadium naming rights deal with iPro.“Strong foundations were laid during the last financial year and an infrastructure was implemented across all areas of the business.“During the last financial year we also saw local businessman Mel Morris join the board of directors and he, along with the rest of the Ownership Group, remain strong in their desire to move Derby County forwards.“The commitment of the Ownership Group, as well as astute management across the Club, means that we are in a healthy position where Derby County is debt free; the increase of 31 per cent in revenue compared to the previous year is a significant rise.“Looking ahead to the current financial year, the 2014/15 season, we fully expect the financial figures to paint a similar picture. The rise in crowds, the development of our ticketing operations and the stadium naming rights deal with iPro, as well as the continued backing of the Ownership Group continue to place the Club in a very healthy position." He added:“Future investment shall see significant improvements to the Training Centre as part of the Club achieving Category One status for the Academy last summer, which falls in line with our footballing philosophy.”http://mobile.dcfc.co.uk/news/article/derby-county-announce-201314-financial-results-2366491.aspx Link to comment Share on other sites More sharing options...
kingsy1884 Posted March 31, 2015 Share Posted March 31, 2015 Not all doom and gloom then . Bet about 10 years ago you wouldn't expect this. Link to comment Share on other sites More sharing options...
r4derby Posted March 31, 2015 Share Posted March 31, 2015 This is some really good news for DCFC. You don't have to look that far to find clubs all around the country with questionable accounts at best, some even in damage-limitation mode. Hats off to Rush and the owners. Some positive news that regardless of what happens this season, at least we will have a well-run club to support for the coming future, unlike some who have question marks Link to comment Share on other sites More sharing options...
Pearl Ram Posted March 31, 2015 Share Posted March 31, 2015 You wouldn't be having a dig at the shambles of a club down the A 52 by any chance r4 ? Link to comment Share on other sites More sharing options...
RadioactiveWaste Posted March 31, 2015 Share Posted March 31, 2015 I thought all the other clubs were certain that we were crispy ducked if we didn't go up and there was no way on gods green we were meeting FFP.Wage bill did go up a bit mind. Link to comment Share on other sites More sharing options...
David Posted March 31, 2015 Author Share Posted March 31, 2015 I thought all the other clubs were certain that we were crispy ducked if we didn't go up and there was no way on gods green we were meeting FFP.Wage bill did go up a bit mind.I didn't take much notice, thought they were quackers Link to comment Share on other sites More sharing options...
rammieib Posted March 31, 2015 Share Posted March 31, 2015 I find the match day revenue income difficult to work out. Lets take this season for instance:22,000 season tickets - average price of £300 sound fair? £6.6 Million, minus 20% for VAT = £5.3 Million.Average attendance 29,000 so far, so 7000 x £20 x 23 - 20% = £2.57 Million.Cup games on top I assume = Lets just call that a simple £1 Million in total.I assume the Corporate Boxes isn't classed as match day, and Wembley/away game revenue (5%) is included elsewhere but this still gives a total just shy of £8 Million. So I find the £6 Million or so quoted on the DET website as match day revenue for the previous year (Which cannot be much different from this financial year) that different.Anyway, I'm sure Ramblur will clear it up. Overall £20 Million sounds pretty good and is about a £1 Million higher than I think Rush said at the fans forum directly after Wembley. Link to comment Share on other sites More sharing options...
Shuff264 Posted March 31, 2015 Share Posted March 31, 2015 I find the match day revenue income difficult to work out. Lets take this season for instance:22,000 season tickets - average price of £300 sound fair? £6.6 Million, minus 20% for VAT = £5.3 Million.Average attendance 29,000 so far, so 7000 x £20 x 23 - 20% = £2.57 Million.Cup games on top I assume = Lets just call that a simple £1 Million in total.I assume the Corporate Boxes isn't classed as match day, and Wembley/away game revenue (5%) is included elsewhere but this still gives a total just shy of £8 Million. So I find the £6 Million or so quoted on the DET website as match day revenue for the previous year (Which cannot be much different from this financial year) that different.Anyway, I'm sure Ramblur will clear it up. Overall £20 Million sounds pretty good and is about a £1 Million higher than I think Rush said at the fans forum directly after Wembley. Link to comment Share on other sites More sharing options...
Mostyn6 Posted March 31, 2015 Share Posted March 31, 2015 Dont forget the losing club at Wembley gets all the matchday revenue Link to comment Share on other sites More sharing options...
YouRams Posted March 31, 2015 Share Posted March 31, 2015 I find the match day revenue income difficult to work out. Lets take this season for instance:22,000 season tickets - average price of £300 sound fair? £6.6 Million, minus 20% for VAT = £5.3 Million.Average attendance 29,000 so far, so 7000 x £20 x 23 - 20% = £2.57 Million.Cup games on top I assume = Lets just call that a simple £1 Million in total.I assume the Corporate Boxes isn't classed as match day, and Wembley/away game revenue (5%) is included elsewhere but this still gives a total just shy of £8 Million. So I find the £6 Million or so quoted on the DET website as match day revenue for the previous year (Which cannot be much different from this financial year) that different.Anyway, I'm sure Ramblur will clear it up. Overall £20 Million sounds pretty good and is about a £1 Million higher than I think Rush said at the fans forum directly after Wembley. Link to comment Share on other sites More sharing options...
tomsdubs Posted March 31, 2015 Share Posted March 31, 2015 nonsense. Wembley stadium gets all the revenue! Link to comment Share on other sites More sharing options...
Shuff264 Posted March 31, 2015 Share Posted March 31, 2015 Losers get all the gate receipts as a good gesture from winners, been tradition for a while now Link to comment Share on other sites More sharing options...
Mostyn6 Posted March 31, 2015 Share Posted March 31, 2015 Pretty sure Wembley gets the lot, and there was uproar about it, but they needed it cos of the overspend. Link to comment Share on other sites More sharing options...
Curtains Posted March 31, 2015 Share Posted March 31, 2015 Pretty sure Wembley gets the lot, and there was uproar about it, but they needed it cos of the overspend. Link to comment Share on other sites More sharing options...
Daaave Posted March 31, 2015 Share Posted March 31, 2015 The clubs actually split 50% of the net gate receipts, the other 50% go into some mysterious 'pool account' as per Article 65 of the Articles of Association which I have yet to uncover.Sourceedit: but yea, traditionally a deal is then made to give the full 50% to the losers, as was reported last year (warning: hidden Daily Mail link) Link to comment Share on other sites More sharing options...
CornwallRam Posted March 31, 2015 Share Posted March 31, 2015 I find the match day revenue income difficult to work out. Lets take this season for instance:22,000 season tickets - average price of £300 sound fair? £6.6 Million, minus 20% for VAT = £5.3 Million.Average attendance 29,000 so far, so 7000 x £20 x 23 - 20% = £2.57 Million.Cup games on top I assume = Lets just call that a simple £1 Million in total.I assume the Corporate Boxes isn't classed as match day, and Wembley/away game revenue (5%) is included elsewhere but this still gives a total just shy of £8 Million. So I find the £6 Million or so quoted on the DET website as match day revenue for the previous year (Which cannot be much different from this financial year) that different.Anyway, I'm sure Ramblur will clear it up. Overall £20 Million sounds pretty good and is about a £1 Million higher than I think Rush said at the fans forum directly after Wembley. Link to comment Share on other sites More sharing options...
rammieib Posted March 31, 2015 Share Posted March 31, 2015 Apparently we have around 3,000 Rams Squad (U12) members, of whom c2,000 get 'free' season tickets at the cost of a £30 membership. There are also a lot of concessions - junior and senior, so I'd say that the average price will be quite a lot less, even though there are no longer any mobile phone deals to include. Your walk up figure also looks a little high for similar reasons. Link to comment Share on other sites More sharing options...
stejawh Posted March 31, 2015 Share Posted March 31, 2015 Who was the guy who used to explain the accounts every year? Link to comment Share on other sites More sharing options...
eddie Posted March 31, 2015 Share Posted March 31, 2015 Who was the guy who used to explain the accounts every year? Link to comment Share on other sites More sharing options...
rammieib Posted March 31, 2015 Share Posted March 31, 2015 It is a pity they won't ever supply the breakdown of who owns what equity within GSE.If the £7 Million debt has been covered by the owners, and everyone has paid the same % of what they own within GSE, then technically no-one has gained more equity.If 1 or a few directors have covered the £7 Million shortfall, then their equity will have increased but others will have fallen.My cynical side of me would suggest that at some point, this will lead to unhappy directors.The positive side of me suggests that there seems to be a co-operation between the owners, and when you see them in regular attendance at DCFC games, they come across in an extremely positive manner. (Brett Wilson helps with his media presence),Either way, I'd suggest we need promotion soon! Link to comment Share on other sites More sharing options...
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