Derby County WILL be able to start the new season in League One after a local businessman made a short term loan to the club so that wages can be paid
- Derby County have been in administration since September last year
- Previous buyer, Chris Kirchner, stepped aside with only weeks to go before the new season is set to start with Derby hosting Oxford United on July 30
- While Mike Ashley and Andrew Appleby prepare bids to buy the club there had been concern over short-term funding to pay the staff’s wages
Derby County have secured a short term loan from a local businessman, which will allow the stricken club to start the forthcoming season.
David Clowes, chairman of Clowes Developments, has made an interim loan, as well as acquiring the club’s stadium, Pride Park, the club’s administrators, Quantuma, confirmed in a statement issued on Friday.
In addition, Clowes, a passionated Rams fan has announced his inyention to purchase the club, according to Business Live.
It comes amid reports earlier this week that Mike Ashley had taken the next step in his bid to buy the crisis-ridden Rams by depositing £50million to acquire the club andstadium.
Crisis-ridden League One side Derby have been in administration since September last year
The former Newcastle United owner and his group appeared set to rival former chairman, Andrew Appleby’s, own attempt to save the club from liquidation.
Today, a spokeswoman on behalf of the administrators said: ‘[We are] very pleased to be able to confirm that following a period of negotiation, Derbyshire based property group, Clowes Developments (UK) Ltd has issued an interim loan to the club.
‘This loan will allow the club to start the forthcoming season, and to continue to trade.
Ex-Newcastle owner Mike Ashley has reportedly deposited £50million to buy Derby County
The consortium led by former Rams chairman Andrew Appleby tabled a bid to save the club
‘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 17 June 2022 and they look forward to continuing positive discussions over the next day or so.
‘All parties recognise the need to conclude a sale of the business and assets of the club, as a matter of urgency.’