Friday, April 19, 2024

Rams takeover hits extra time

The sale of Derby County may be delayed until June 1st according to official sources.

The Rams, have been in administration since September 2021, and were relegated from the Championship at the end of the season after being hit by a 21-point deduction, were due to be purchased by American businessman Chris Kirchner.

Kirchner, hoped to finalise the deal by today (Tuesday 31st May) but Quantuma, one of the joint administrators explained that despite “very good progress” being made completion by Wednesday may not be possible.

A Quantuma spokesperson stressed: “We would like to reassure all stakeholders but specifically all staff, players and fans that we fully expect completion to happen within the revised timescales set out above.”

The sale was previously held up due to complications surrounding the ownership of their Pride Park stadium, but contracts were exchanged earlier this month at which time administrators set a target date of May 31 for completion.

Meanwhile, Wayne Rooney is to stay at Derby as manager next season and Kirchner has confirmed that work has already begun to line up signings to strengthen the squad, once the transfer embargo is lifted by the English Football League.

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemic having a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £33.60 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.









Latest news

Related news

By continuing to use the site, you agree to the use of cookies. more information

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close