Derby County debts continue to increase

According to local media reports, the Championship club debts have reportedly risen to an estimated £37m - £41m. The Co-op Bank, the club’s main creditor (£15m) ended up with a mortgage on the Rams Academy, in Oakwood, while the biggest asset - Pride Park Stadium - was put up as security against a loan from the ABC Corporation of £26m. Furthermore, Companies House records quotes the club is being almost three months overdue in submitting its accounts, and nearly four months in submitting its annual returns. The club was given "a maximum risk company" which consistently pays its creditors late, by 18 days on average by credit reference company Experian.

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