Leeds owner says financial Derby trick is “greater cheating” than their own Spygate and suggests sanctions
22 May 2019
Owner of Leeds United, Andrea Radrizzani, has suggested there should be sanctions against Derby for selling their stadium and then leasing back the ground.
Radrizzani called for the EFL to make stricter Financial Fair Play rules and said Derby’s case is greater cheating than their own Spygate incident.
Leeds United chairman, Andrea Radrizzani, has criticised the way Derby County have sold and then leased back their own stadium. According to Radrizzani, the Rams should face sanctions and the EFL should be stricter on what the rules are for Financial Fair Play (FFP) grey areas.
Derby reported a pre-tax profit of £14.6 million after selling their Pride Park stadium to their owner, Mel Morris, for £80 million. The club then leased back the ground, which was independently valued but on the club's books as an asset worth £41 million, from a company owned by Morris.