Derby County owe £15M to US investment group | OneFootball

Derby County owe £15m to MSD Holdings, it has been confirmed by the US investment group.

The detail is included within MSD's annual financial statements.

MSD has become a significant presence in English football, lending money to a number of Premier League and Championship clubs, including Burnley and Derby.

The Rams went into administration last month amid spiralling losses, triggering a 12-point deduction.

In a statement, MSD says it has "loan investments in four UK football clubs" at an amortised cost of $208m (£153.47m) and that they "believe the company's exposure to new opportunities will grow over the upcoming years".

It has become common practice in recent years for Premier League clubs to borrow TV money in advance of central distribution to provide more flexibility in the transfer market.

As a second-tier club, Derby have no access to those funds.

And MSD confirmed that "one of the underlying borrowers associated with a £15m loan entered administration".

However, the statement added that "the company holds collateral well in excess of the loan's outstanding principal and interest".

This is understood to be against Derby's Pride Park Stadium.