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I've sent Ed the summary of the accounts that went onto NSC. He'd made a slight error in using the club accounts rather than those of the holding company (which owns the Amex and Lancing) which explains the difference in some of the figures.

If it looks after 1 or 2 years that you'll exceed the £39m the club would have to submit a business plan that shows how the reverting to within the limit would be achieved.

Derby have in previous years had some 'unusual' activity in their P&L account, such as rescheduling debts which created £3m of income. In addition Boro's tax losses are used against profits made by the rest of the Steve Gibson empire if I recall correctly. Sent from my iPhone using Tapatalk

I know Ed. He's a good guy.

Correct

In theory they could take out some form of insurance, but given we were one goal from promotion last season the premiums would be prohibitively expensive.

Adopts John Inman voice 'I'm free' Some expenses are excluded for FFP calculations, so my estimate is Accounting loss £25.9m Add back: Depreciation on stadium and Lancing £4.9m Academy category 1 running costs £5m Transport subsidy (suspect FL will allow this as a unique cost of running the...