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SBD Global/January 18, 2013/Franchises

League Championship Side Derby County Reveals $12.8M Loss

League Championship side Derby County CEO Sam Rush has insisted that the club's near £8M ($12.8M) loss for the last financial year is "in line with expectations," according to the BBC. The loss of £7.9M ($12.6M) for the year ending June 30 "was slightly up on the previous year's deficit" of £7.7M and leaves the Rams' debt at around £34M ($54.4M). That figure includes a £15M ($24M) mortgage on Pride Park (BBC, 1/17). Rush said: "The results posted are very much in line with our expectations, and although they relate to a time prior to my arrival at the club, they do offer evidence of one of the key factors that attracted me to Derby." He added: "The simple truth is that somebody has to cover our working capital needs, as well as make continued investments in our squad and wider infrastructure. The ownership group’s strength offers the club that much needed financial stability" (DERBY TELEGRAPH, 1/17).
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