Derby County tell their players they CANNOT afford to pay outstanding wages from DECEMBER

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Derby County tell their players they CANNOT afford to pay outstanding wages from DECEMBER

Derby County tell their players they CANNOT afford to pay outstanding wages from DECEMBER as delays in potential takeover throw the Ch

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Derby County tell their players they CANNOT afford to pay outstanding wages from DECEMBER as delays in potential takeover throw the Championship club into financial crisis

  • Derby informed first-team squad they cannot afford to pay outstanding wages 
  • The Championship side still owe their players and staff half of December’s pay 
  • However, due to delays in their potential takeover the club are very low on cash
  • If their takeover deal with Sheikh Khaled takes much longer they could go bust

Derby County have informed their first-team squad that they cannot afford to pay their outstanding wages from December.

The Championship side were paid only half of the money that was owed to them at the end of the month and were told they would be paid the remaining amount, plus their wages for January, at the end of this month. 

However, due to several delays in the potential takeover Sheikh Khaled’s Derventio Holdings, the Rams are experiencing cash flow problems and are unable to pay their players. 

Derby have informed their first-team squad that they cannot afford to pay outstanding wages

Derby have informed their first-team squad that they cannot afford to pay outstanding wages

Playing staff and coaches are still owed half of their wages from December but won't be paid

Playing staff and coaches are still owed half of their wages from December but won’t be paid

Cash issues have come amid delays in potential takeover Sheikh Khaled's Derventio Holdings

Cash issues have come amid delays in potential takeover Sheikh Khaled’s Derventio Holdings

It was hoped that Derby’s takeover would be complete on Tuesday night, however the deal is still yet to be finalised. 

Sky Sports have reported that there is a legally binding agreement in place between both parties over the sale of the club. 

However, without the sale complete and the purchase fee and associated money being paid to the club, the deal is still yet to be done, and owner Mel Morris has been footing the bill of his player’s wages from his other business dealings.

Owner Mel Morris has been footing the bill of player's wages from his other business dealings

Owner Mel Morris has been footing the bill of player’s wages from his other business dealings

The Rams’ Chief executive Stephen Pearce met with the entire playing squad and interim boss Wayne Rooney at the training ground to apologise for the mishaps regarding their wages and promised to keep them up to date with the developing situation.  

As Derby pursue to take out more loans from MSD, according to the Telegraph, the threat of administration grows rapidly following the financial hit caused by the coronavirus pandemic. 

Rooney’s squad suffered a large outbreak of the virus recently, which forced them to close their training ground and field a youth side against Chorley in the third round of the FA Cup, who lost 2-0.

The threat of administration grows rapidly following the financial hit of the pandemic

The threat of administration grows rapidly following the financial hit of the pandemic

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