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Derby expect to finalise their takeover as local property developer David Clowes

Derby expect to finalize their takeover today as local property developer David Clowes prepares to save Rams from extinction… after the club confirmed they’ve been working hard ‘to complete this extremely complex transaction’

  • Derby expects to complete the takeover by David Clowes on Thursday
  • Local businessman David Clowes jumped in when Chris Kirchner’s bid collapsed
  • Wayne Rooney resigned last week after 18 months at the helm
  • The club says they have been working ‘to complete this extremely complex transaction’

The acquisition of Derby by property developer David Clowes is expected to be completed on Thursday, the club’s joint directors said.

Quantuma announced on Sunday that they had formally accepted Clowes’ offer to buy the beleaguered Sky Bet League One club and hoped to complete the sale on Wednesday.

That target date has now been shifted slightly due to complexity, but there is confidence that the remaining issues will be resolved soon.

Derby expects to complete the acquisition by project developer David Clowes on Thursday

Derby expects to complete the acquisition by project developer David Clowes on Thursday

A Quantuma spokesperson said: “All parties involved in the sale of the club have worked very hard since last weekend to bring this highly complex transaction to a successful conclusion.

‘There are still a small number of outstanding cases, and these cases are beyond the control of the joint administrators and Clowes Developments (UK) Limited.

“We expect to close this morning, Thursday, June 30, so that the transaction can then be completed.

“The joint trustees would like to reassure staff, players and supporters that they are receiving completion funds from Clowes Developments (UK) Ltd, and that the outstanding issues will require a short additional time to be completed.”

Wayne Rooney previously resigned as Derby manager after saying the club needs 'fresh energy'.

Wayne Rooney previously resigned as Derby manager after saying the club needs ‘fresh energy’.

Clowes emerged through his company Clowes Developments as the potential new owner of the Rams after American businessman Chris Kirchner withdrew his offer to buy the club.

The local businessman has already agreed to purchase Pride Park and provide an interim loan to the club.

Derby has been in administration since last year and was relegated from the Sky Bet Championship last season after being deducted 21 points.

Former manager Wayne Rooney has urged fans to find out his successor after he quit last week, suggesting the Rams needed “fresh energy”.

Derby has appointed Liam Rosenior as interim manager after Wayne Rooney's departure

Derby has appointed Liam Rosenior as interim manager after Wayne Rooney’s departure

Assistant Liam Rosenior has this week taken over as interim boss with the players for the pre-season.

“A huge thank you to all @dcfcofficial fans, players and staff for your support over the past three years. This has been one of the hardest decisions I’ve had to make in my career,” Rooney wrote on Twitter.

“Thank you for including me as one of your own. Please stand behind the next manager and give them what you have given me, trust, loyalty and incredible support. Some great memories I will never forget.’

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