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Derby County WILL be able to start the new season in League One after club received short-term loan

Derby County WILL be able to start the new season in League One after a local businessman provides a short-term loan to the club so that wages can be paid

  • Derby County has been in office since September last year
  • The previous buyer, Chris Kirchner, stepped aside with just weeks to go before the new season kicks off with Derby, host of Oxford United on July 30.
  • As Mike Ashley and Andrew Appleby prepare bids to buy the club, there were concerns about short-term financing to pay staff wages

Derby County has secured a short-term loan from a local businessman, which will allow the stricken club to start next season.

The club’s trustees, Quantuma, confirmed Clowes Developments’ funding in a statement released Friday.

It comes amid reports that Mike Ashley has taken the next step in his bid to buy the crisis-ridden Rams by depositing £50million to acquire the club and Pride Park Stadium.

The crisis-ravaged Derby at League One has been in charge since September last year

The crisis-ravaged Derby at League One has been in charge since September last year

The former Newcastle United owner and his group will rival Andrew Appleby’s bid to save the club from liquidation.

Today a spokeswoman said on behalf of the administrators: “[We are] very pleased to confirm that Clowes Developments (UK) Ltd, the Derbyshire-based property group, has provided an interim loan to the club following a period of negotiations.

“This loan will enable the club to start the coming season and continue to trade.

Ex-Newcastle owner Mike Ashley has reportedly deposited £50m to buy Derby County

Ex-Newcastle owner Mike Ashley has reportedly deposited £50m to buy Derby County

The consortium led by former Rams chairman Andrew Appleby has made a bid to save the club

The consortium led by former Rams chairman Andrew Appleby has made a bid to save the club

The joint trustees welcome Clowes’ earlier statement confirming that a successful acquisition of the club’s stadium, Pride Park, has been completed on June 17, 2022, and look forward to continuing positive discussions over the course of the year. the next day.

“All parties recognize the need to urgently complete a sale of the club’s business and assets.”

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