Investment group

Derby County: US investment group reveals £ 15million debt owed by championship club

Administrators hope a buyer for Derby County will be found

The County of Derby owes £ 15million to MSD Holdings, the US investment group has confirmed.

The details are included in MSD’s annual financial statements.

MSD has grown into a significant presence in English football, loaning money to a number of Premier League and Championship clubs including Burnley and Derby.

Rams took office last month amid the spiraling losses, triggering a 12 point deduction.

In a statement, MSD said it had “loan invested in four UK football clubs” at an amortized cost of $ 208 million (£ 153.47 million) and that they “believe the company’s exposure to new opportunities will increase over the next few years “.

In recent years, it has become common for Premier League clubs to borrow money from TV before central distribution to provide more flexibility in the transfer market.

As a second tier club, Derby does not have access to these funds.

And MSD has confirmed that “one of the underlying borrowers associated with a £ 15million loan has entered administration.”

However, the statement added that “the company holds guarantees much higher than the principal and the unpaid interest of the loan”.

This is supposed to be against the Derby’s Pride Park Stadium.

In addition to that sum, Derby is known to owe HMRC more than £ 20million, as well as substantial sums to other football creditors, including former manager Phillip Cocu, ex-captain Richard Keogh and Arsenal, who carried over the remaining £ 8million. due to Polish defender Krystian Bielik.

Club sponsor 32Red has offered to advance payments for the remainder of the season to help Derby in the short term, but administrators have said they will need to borrow money at some point.

Listen to BBC Radio Derby’s latest podcast on the situation at Pride Park here.


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