Tuesday, November 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.

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