Loan principle What now for the players, Rooney and the club? Can he survive? – Athleticism Catriona Miller September 21, 2021 In times like these, when the skies are on fire and cracks are opening beneath you, it’s important to remember that things could be worse and history suggests you will be trading with it again. solvency. But at the moment, the news is grim for all those associated with County Derby and there is no point in coating them in sugar. Since Friday night’s memo on the upcoming apocalypse, when Derby announced that the club and all branches intended to appoint directors, The Athletic has spoken to people with knowledge of the club’s financial situation and they haven’t were not very optimistic. “It’s 50/50 that they’re liquidated,” one source said, while another said: “I don’t see how they’re doing – they’re screwed.” The image they painted in such depressing tones was of a club worth less than nothing. Much less. They said any potential buyer would have to shell out over £ 50million just to clear Derby debts before spending a dime to rebuild the club and put a competitive squad on the park. Indeed, the club have football creditors, which are due to be paid up to £ 10million in full, as well as a secured debt of £ 20million owed to a US private equity firm and an invoice. tax of nearly £ 30million. Derby declined to comment when contacted by The Athletic. Until the end of last year, that latest bill would not have been such a cause for concern for a bidder as it would have been added to the pile of unsecured debt and paid with pennies in the pound. HM Revenue and Customs have been complaining about this for years, and the government’s post-pandemic need to rebalance its books has meant that someone in power has finally heard the pleas from the IRS.