Sheffield Wednesday's Championship rivals Derby County found not guilty of EFL charges
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The first charge, relating to the valuation of the sale of their Pride Park stadium in June 2018, was dismissed totally while a second charge, regarding the amortisation of intangible assets – the way they accounted for players – was found proven only in respect of the Club’s failure to properly disclose a change in policy in 2015.
The Commission found that the Club’s approach to amortisation did not break financial reporting standards and only that the wording of their change of policy could have been clearer.
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Hide AdThe Rams will therefore, as it stands, face no points deduction or fine.
In an entirely separate case Sheffield Wednesday were found guilty for charges relating to the timing of the sale of their stadium and will start next season on minus 12 points.
A statement by Derby County said: “The club strongly contested the challenge to the valuation of Pride Park Stadium, as well as the newly notified charge in respect of intangible fixed asset amortisation and has been consistent relating to this matter from the outset.”
It also said the club were “delighted at the outcome”.
The written reasoning around the independent commission’s decision is yet to be revealed. It leaves further question marks over the EFL’s handling of such matters after a number of embarrassing findings by the commission handling the Wednesday case.
The EFL have 14 days to appeal the decision.