Suddenly, the midlands is full of financially stricken First Division clubs. Peter Gutteridge tries to isolate the reasons for Derby's spectacular plunge
Rams fans can tell you that rock bottom does not exist. No matter how far you sink there is plenty of room to sink deeper. Derby County are a reported £30 million in debt and the bank is feeding in cash through an intravenous drip. We can’t even sign non-contract players until we have reduced the wage bill. We can’t reduce the wage bill because the transfer market is dead and we can’t release players because we can’t pay off their contracts. Rumour has it that two takeover bids and one refinancing package are under discussion. In four seasons we have progressed from the top half of the Premiership to relegation and the fringes of administration.