A loan from a local businessman planning to attempt to purchase the club has given DERBY COUNTY’s much-needed takeover a significant boost.
Since September of last year, the Rams have been under administration, and last week, when American entrepreneur Chris Kirchner withdrew his offer to buy the third-tier team, worries about their future grew.
But now that Pride Park has been confirmed as their acquisition, Derbyshire-based Clowes Developments Ltd. has announced they have accepted a loan from Quantum, the joint administrators, who will make a formal offer to purchase the club on Friday.
The property company’s chairman, David Clowes, is a Derby fan.
He released the following statement: “Derbyshire-based property group, Clowes Developments (UK) Ltd, are proud to announce they have successfully acquired the business that owned Pride Park Stadium from fellow local businessman Mel Morris.
“In addition, Clowes has granted the club an interim loan, allowing Derby County to begin the upcoming season and conduct business while negotiations to buy the team are ongoing.
“Clowes have additionally confirmed that they will make a purchase offer for Derby County Football Club today.”
As reported by BBC SportAdditionally, Derby’s administrators issued a statement that said: “Very pleased to confirm that Derbyshire-based property group, Clowes Developments has issued interim loan to Club following a period of negotiation.
“This loan will enable Club to begin the upcoming season and to carry on business.”
“The joint administrators welcome the earlier statement from Clowes, in which it was confirmed that a successful acquisition of the Club’s stadium, Pride Park, completed on June 17, 2022,” they continued, adding that they “look forward to continuing positive discussions over the next day or so.”
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Despite making a herоic effоrt tо stay in the Champiоnship last seasоn, Wayne Rооney’s team was relegated.
Derby had a recоrd that wоuld have been gооd enоugh fоr 18th place had they nоt lоst 14 and drawn 13 оf their 42 league games.
Hоwever, they were dоcked a tоtal оf 21 pоints due tо their dire financial situatiоn, which ultimately prоved cоstly.
On July 30, Derby will hоst Oxfоrd United fоr the start оf the 2022–23 League One seasоn.