Thursday, November 14, 2024

EFL agrees funding deadline extension with Derby County administrators

Derby County has been given extra time to prove to the EFL that they can finish the season.

Following a formal review of revised financial forecasts at Derby County, the EFL and club administrators Quantuma have agreed a month-long extension to a deadline set for proof of funding to be provided.

The EFL Board had previously requested evidence by 1 February 2022 of how Derby County was to be financed whilst it remained in administration, alongside a financial plan that determined how the club would fulfil its fixture commitments until the end of the current season.

The new development will allow the club to meet its ongoing obligations whilst giving a further four weeks to continue sale discussions with interested bidders and relevant stakeholders.

It also provides additional time for clarity to be sought on claims from Middlesbrough and Wycombe.

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