According to property developer and leader of the consortium that now owns the Championship club Peter Gadsby, “There has been a series of accounts methodology or restructuring, in which certain debts are put to one side and then transferred back but in realistic terms there has been a substantial write-off.” The consortium of six directors that owns the club has invested £21 million since their takeover.
Gadsby himself has been heavily involved with Derby and was a at one point a director at Pride Park Derby’s home ground under former director Lionel Pickering and was key to Derby’s move to Pride Park from their former home the Baseball Ground.
