Monday 17 September 2012

New President and CEO

Sam Rush formerly of Wasserman Media Group has replaced Tom Glick as President and Chief Executive Officer of Derby County.

Rush has been involved in many profile transfer deals involving many top class players including the likes of David Beckham to Real Madrid.

Tom Glick, whom some fans liked and others didn't, did a job in getting running costs down and was head hunted by Manchester City before taking up a position with them recently.

Rush has an impressive CV, and his appointment has been broadly welcomed by the fans.  What will be interesting to see is, will he be able to bring anything new to the table regarding the negotiations with other clubs for new players.

There has been much speculation recently on social media site twitter with regard to the ownership of the club.  Some may be wild speculation, and some may have foundation that resembles genuine movement behind the scenes.  Whatever the future may be, it has been reported that one investor, a certain Mr Ricketts has been linked with another Championship club.

In the long term Financial Fair Play will mean all teams within the division cutting their cloth accordingly.  Leicester City have spent heavily over the past couple of seasons and thus far have failed to realise their target of promotion and premiership riches.

Our big rivals across Brian Clough Way, Nottingham Forest, have owners with a seeming bottomless pit of money, but have took a path of spending in a far more responsible way.  A lot of their outgoings on players offset by the sale of Chris Gunther.  Also, they have manoeuvred very smartly in the loan market.  However, promotion within two seasons would appear to be a must in order to avoid penalties when FFP regulations kick in. At the end of The Late Nigel Doughty's tenure as Chairman, they were reported to be losing close to £1m a month.

Even Derby County, a club that has one of the lowest wage bills in the division, still has some work to do in order to comply to the new rules on spending.  The record of accounts for two years ago shows the club still losing £7m over the season.

Derby are lucky to have good season ticket sales and a good average attendance, however the Derby fans Do pay considerably less to support their club than fans of other teams in the division and ticket sales over a season generates about £1m less than our Red neighbours.

It is an interesting time for Derby fans, but in order to comply with FFP, keeping fans happy with the quality of signings and keeping ticket prices down, Sam Rush has an unenviable task.

No comments:

Post a Comment