Home Football Derby out of administration as David Clowes seals ‘exciting’ takeover

Derby out of administration as David Clowes seals ‘exciting’ takeover

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  • Nine months in administration ended by lifelong fan’s deal
  • Joint administrator says it involved ‘unparalleled’ complexity

Derby County have exited administration after nine months thanks to a takeover by the local property developer and lifelong supporter David Clowes. It marks a positive end to a painful saga for Derby, who had seen three proposed deals collapse since last year.

Derby’s administrators, Quantuma, said Clowes has saved the club, who this season will play in the third tier for the first time since 1986. Clowes’ company, Clowes Developments, also acquired Pride Park stadium from the former owner Mel Morris. Derby, hit by a 21-point deduction last season, begin at home to Oxford United on 30 July.

Last week Derby appointed Liam Rosenior, previously assistant to Wayne Rooney, as interim manager after the sudden departure of the former England captain. Derby returned to training on Monday with only five first-team players under contract for this season.

Continue reading…Nine months in administration ended by lifelong fan’s dealJoint administrator says it involved ‘unparalleled’ complexityDerby County have exited administration after nine months thanks to a takeover by the local property developer and lifelong supporter David Clowes. It marks a positive end to a painful saga for Derby, who had seen three proposed deals collapse since last year.Derby’s administrators, Quantuma, said Clowes has saved the club, who this season will play in the third tier for the first time since 1986. Clowes’ company, Clowes Developments, also acquired Pride Park stadium from the former owner Mel Morris. Derby, hit by a 21-point deduction last season, begin at home to Oxford United on 30 July.Last week Derby appointed Liam Rosenior, previously assistant to Wayne Rooney, as interim manager after the sudden departure of the former England captain. Derby returned to training on Monday with only five first-team players under contract for this season. Continue reading…