‘A new beginning’ – Derby County takeover finally completed as lifelong fan David Clowes sees purchase finalised July 2, 2022 – Posted in: Soccer

Derby County’s future has finally been secured following the completed sale of the club.

The Rams have been purchased by Derbyshire based property group, Clowes Developments Ltd – a company owned by owned by lifelong Derby fan David Clowes – for an undisclosed amount.

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The Rams have seen their future resolved at long last

Rosenior will now be able to start work on building a squad ahead of the new season

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Rosenior will now be able to start work on building a squad ahead of the new season

As a result, the EFL have confirmed that the club has met the requirements of the League’s Regulations and Insolvency Policy and is therefore no longer in administration with the Notice of Withdrawal also being cancelled.

While remaining under a registration embargo, Derby will be permitted to sign new players in accordance with the terms of a business plan.

It brings an end to a lengthy period of uncertainty and ensures that the EFL club will be able to start the new season as planned without the threat of going bust.

Clowes has emerged as the potential new owner after American businessman Chris Kirchner withdrew his offer to buy the club.

Derby were were put into administration at the start of last season and were subsequently relegated from the Championship after being hit with a combined 21-point deduction and then seeing Wayne Rooney leave the club to be replaced by Liam Rosenior.

As life in League One awaits, a statement from the club’s joint administrators told of their delight that the future of the club had now been secured.


Kirchner’s failed takeover looked like it could have spelled the end for Derby

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Kirchner’s failed takeover looked like it could have spelled the end for Derby

EFL CEO Trevor Birch said: “These past nine months have been a worrying and challenging time for everybody connected with the Club, particularly the staff and supporters who have been forced to endure much uncertainty.

“This Administration has presented all relevant parties with many and varied challenges, but with the new ownership now in place, the Club and local community can hopefully now look to the future with a renewed sense of optimism.

“Throughout this process, it has been frustrating to read a great deal of misleading comments from some people which have either fundamentally misunderstood the remit of the EFL or have misrepresented what the League’s role in the process has been.

“At all times the EFL’s focus has been on securing the future of Derby County whilst ensuring the requirements of our Regulations and Insolvency Policy are met alongside acting in the best interests of all 72 members of the League.

Rooney deserves credit for the job he did during a turbulent 19 months

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Rooney deserves credit for the job he did during a turbulent 19 months

Rosenior will now be desperate to get his team ready for the new season

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Rosenior will now be desperate to get his team ready for the new season

“I would like to wish everybody at the Club, in particular the new ownership and their associates, all the very best for a long and sustainable future and we look forward to working closely together as we head into season 2022/23 and beyond.”

Joint administrator, Andrew Hosking added: “The level of complexity involved in bringing this matter to a conclusion has been unparalleled and we are grateful to all stakeholders and their advisers, for their hard work which has enabled us to overcome a magnitude of challenges, and allow the rescue of this historic club.

“This deal represents a real milestone in the long and illustrious history of Derby County, and one which marks the end of the uncertainty experienced by supporters and the wider community whilst the club has been in administration and also importantly is one which complies with the EFL Insolvency Policy and provides the best return for creditors.

“Today signifies a new beginning for the club, and it enables the club to move forward into the new season with a clean slate, under local ownership under the stewardship of Clowes.”

Bent is delighted for his former club

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Bent is delighted for his former club

Ex-Derby striker Darren Bent believes the fans can now look forward to the new season.

“This ends a long, long period for Derby,” Bent told talkSPORT.

“It’s been really disappointing – the points deductions, relegations, obviously has Rooney left. 

“But this gives them a sense of direction now. They know what they’re going to be doing next season. 

“I like the fact that the owner is apparently a massive Derby fan, he loves the football club. I think that is important to the fans. 

“The fact that this is over, I’m happy about that. I’m really happy for Derby County Football Club.” 

Source link – talksport.com