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All seems very sensible and plausible to me. Having looked at your accounts for 2012/13 and 2013/14 some time ago it seemed that your board, as ours, is committed to the principle of FFP and was "comfortable" to support an annual loss of around £7m. With Morris on the scene you now have the...

.....anything really? Barnes and Bridcutt were sold in the previous season (2013/14) during which the football club showed a surplus on player trading of £1.7m and the group posted a loss of £10.6m.

How do you come up with £15m from player sales last season?

Money taken at the catering outlets goes to the caterers.

I agree; all this stuff about a new stadium and training facility is, at best, peripheral. In the last set of published accounts (2013/14) Derby's club wage bill was £13.5m whereas BHA's total staff costs were £20.3m.