If you ignore everything in terms of the debt and selling the stadium to themselves etc.
Thinking of infrastructure they've got a good training ground complex, which has planning permission for improvements/expansion. Plus their stadium is almost a like for like of ours. Both of which are also slightly newer than ours.
They have a good academy set-up which has and does still produce players of a good level. I think last season they gave more minutes to academy players than any other club in the Championship.
Then first team I suppose they are like every other championship club, got a few good players and a lot of ok players. Their wage bill is too high (looking at the 2018 accounts) for what they earn.
They definitely have room for growth and improvement. But as you say there isn't really much difference between them and a lot of other championship clubs (ignoring all the other stuff). I'd say their academy is probably better than most and they've got a good infrastructure, with an underwhelming first team picture (in terms of performance and players).
But I suppose as an investor you'd be looking at the potential payout of reaching the PL, which may tempt you into taking a loss on them for a 3 year spell or so. But considering all the other stuff, I think your investors with that way of thinking are being put off, due to the initial potential outlay, which will massively impact your payouts.
I know we need 2-3 strikers this summer but I'd like to see us looking at our first choice strikers right now and, in fact, I'm quite worried that we already are.
Those names, Collins, Smith, Wyke, none of them sound to me like they'll make such a significant impact on this team that we will be battling at the very top end of the division. These are all strikers entering or are in their prime age and as far as I can tell, no other team with those kind of ambitions next season are looking at these guys and thinking they're ready for that.
I could be wrong about them, if they sign I'll 100% give them the chance to prove me wrong as I would any player. But hesitant isn't a strong enough word to explain how I feel about giving them a 2-3 year deal here. I wouldn't expect them to hit the ground running or fire us to promotion and though it's still very early days in the window, I would not be at all shocked to see either of them being given the #9 shirt and be Warnock's main man going into next season.
Even if someone was willing to buy them, what are they buying? Genuine question. What is their academy like? What's their training ground like? Is there a future for Derby that doesn't need significant work on top of spending a lot of money just to regain ownership of assets they currently use? Even if they didn't have those debts to pay off, would we say Derby are a better prospect for someone with money than we are, for example?