In January 2020, following a review of Derby County’s Profitability and Sustainability (P&S) submissions, the EFL charged the Club for recording losses in excess of the permitted amounts provided for in EFL Regulations for the three-year period ending 30 June 2018.
An independent Disciplinary Commission has dismissed the charge brought against the Club in respect of the valuation associated with the sale of Pride Park in 2018.
A second charge relating to the Club’s policy regarding the amortisation of intangible assets 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 standard FRS 102.
The EFL notes the decision of the Commission and will now consider the judgment in full before commenting further.
Both parties have 14 days to appeal.
The EFL is now in receipt of the written reasons.
League Arbitration Panel: Macclesfield Town
The League has also received the written reasons following the August 2020 appeal by the EFL of the sporting sanction issued by an Independent Disciplinary Commission to Macclesfield Town after the Club was charged with a breach of Regulations for failing to pay its players on the applicable due dates in March 2020.
For information the original judgment is available here: https://www.efl.com/news/2020/june/efl-statement-macclesfield-town-sanctioned/