As the Rams’ owner continues to make investments in the team, the most recent financial statements for Davd Clowes’ Clowes Developments have been made public.
David Clowes, the owner of Clowes Developments in Derby County, reported a £147.1 million turnover in the 2024–2025 fiscal year.
In July 2022, the 56-year-old businessman from Ashbourne bought Derby through his business, Clowes Developments. After American investor Chris Kirchner’s attempted purchase failed, the devoted Rams fan took charge.
With 13 new players joining Pride Park in the summer transfer window of 2025, Clowes strongly supported Derby head coach John Eustace. His financial assistance seems to be paying off, as the Rams are now on a five-game winning streak and sit tenth in the Championship after finishing 19th the previous season.
Additionally, the most recent accounts from Clowes’ company have been made public. According to them, income decreased by £7 million from the 2023–2024 fiscal year.
“I am pleased to present the group’s results for the financial year ended 31 March 2025, which show turnover of £147.1m (2024: £154.7m) and operating profit before exceptional items of £5.4m (2024: £23.0m),” the chairman of the Rams stated in a statement.
“Compared to 15% the year before, this is a 4% return on sales. Operating profit was £5.4 million after unusual items (2024: £13.2 million).
Clowes continued: “Our football business, Derby County Football Club, enjoyed another year of progress and stability in the Championship league through the appointment of a new coaching team, good ‘on-pitch’ performance and effective recruitment. The results of the club in terms of revenues and profit were further improved by player sales transacted during the January window.”
However, the chairman of the Rams did issue a caution for the upcoming season. “This year has not been without its challenges and I expect 2025-26 to be equally challenging,” he stated. “However, with continued effort from our dedicated team and a strong balance sheet, I look forward to meeting those challenges head on.”
Last week, Derby released its own financial statements, revealing an operational loss of £11.1 million for the preceding fiscal year. However, after they returned to the second division of English football, their revenue climbed by over £10 million, mostly as a result of higher broadcast revenues brought on by their promotion to the Championship.
The Rams’ operating loss of £11.1 million is £3.1 million less than their loss of £14.2 million the year before, when they were in League One.
Revenue has increased significantly with promotion back to the Championship, mostly as a result of a £12 million broadcasting revenue boost from £2.9 million in 2024. From 2024 to 2025, Derby’s revenue increased from £19.4 million to £31.9 million.
Derby spent £10.9 million on player registrations starting on July 1 during the summer transfer window, according to the records. The records for the following year will reflect those transactions, which will include players like Patrick Agyemang, Max Johnston, and Lewis Travis. Derby has lots of space in terms of sustainability and profit, as well as in accordance with EFL regulations.
“It is noted that the average three-year loss is £4.6m and totals £13.8 million over the reporting period,” reads the report on the accounts. The EFL compliance level was £39 million over three years and an average loss of £13 million annually.
Consequently, the club has £25.3 million in headroom. The English Football League’s Club Financial Reporting Unit has examined and validated each of the profit and sustainability results listed below.
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