Derby County owe Mel Morris £124m as a result of the Rams’ financial troubles under the beleaguered owner, according to a financial expert.
Kieran Maguire has been speaking on The Price of Football podcast about Derby County’s financial situation and revealed that Morris is owed an extortionate sum.
Things are going pretty well on the pitch for Derby, as Wayne Rooney has only seen his side lose five league games and they recently took four points in back-to-back games against the Championship’s top two sides in Fulham and Bournemouth.
Will Derby County be relegated?
This is all despite everything off the pitch appearing to go wrong before getting even worse, as they were recently handed a second points deduction of the season, while their financial situation is seemingly not getting any better if the sum of money Mel Morris is owed is anything to go by.
Maguire has revealed how much Morris is owed from the football club.
“It looks as if Mel Morris himself is owed £124 million, now whether he’s going to insist on 25% of that, we’re uncertain – that’s the amount on the Directors Loan Account.
“Now, if he asks for a quarter of that on top of the £56 million that’s owed to the secured creditors, we’re talking la-la-land in terms of what a preferred bidder is going to buy.”
TIF Thoughts on Derby…
If this claim is correct from Maguire, then it can only be seen as simply shameful as it has been under Morris’ ownership that Derby have fallen into this financial turmoil, which has them on the brink of relegation into League One.
The Rams were only able to bring in free agents over the summer, which makes the job Rooney is currently doing even more astounding, as he has battled back from two points deductions and has the club no longer on negative points.
But this claim will surely rub salt into the wounds for Derby fans, as there seems to be no letting up as far as the amount of doom and gloom surrounding the club is concerned.