Erik Alonso’s Derby takeover in serious JEOPARDY as he wants to refinance Pride Park to fund the deal
Erik Alonso’s Derby County takeover in SEVERE danger after claims Spanish businessman wants to refinance Pride Park to fund deal to buy club from Mel Morris
- Erik Alonso’s possible takeover of Derby County is said to be in serious doubt
- Alonso is reportedly trying to refinance Pride Park in an effort to fund the deal
- Alarm bells are ringing within the club and they realize that a buyout is now unlikely
The Derby County acquisition is in serious doubt following claims that future owner Erik Alonso has attempted to refinance Pride Park in an effort to fund the deal.
Sportsmail have been told alarm bells are ringing in the club and it is realized that the buyout is unlikely to take place.
Alonso has provided proof of money – it is not known whether this was his or a partner’s money – but sources say he does not intend to use that to complete the Championship club purchase.
Derby County’s acquisition is in serious doubt following claims that future owner Erik Alonso (above) is currently trying to refinance Pride Park in a bid to fund the deal
Instead, they claim the Spanish businessman wants to borrow money at the stadium. Derby owner Mel Morris bought Pride Park in 2018, however Sportsmail understands that the deal with Alonso will transfer it to his company, No Limits Sports Ltd.
The sale of the club – which needs a result against Sheffield Wednesday in Saturday’s final game to stay in the championship – was agreed a month ago and has since been subject to the EFL’s owner and management test.
The delay, we are told, was caused by Alonso’s alleged attempt to secure funding against Pride Park and the time it takes to get a report on the value of the land.
Derby owner Mel Morris (above) bought Pride Park in 2018, but Sportsmail understands the deal with Alonso includes transferring it to his company, No Limits Sports Ltd.
Alonso, who works as a football broker, may want to use Derby as a trading platform for players
Morris – who also got a loan at the stadium last year – is desperate to sell the club after being forced to pay April’s wages out of pocket last Friday.
Morris agreed to move on with Alonso, 29, believing a takeover could be completed soon.
Still, optimism has faded and the deal appears to be heading in the same direction as the doomed takeover of Bin Zayed International from Dubai.
Last month, there was concern when Alonso suggested six players Derby should target for the transfer, five of which were ineligible for a UK work permit.
It is suspected that Alonso, who also works as an agent, will use Derby as a trading platform for players and has plans to install his own technical director and recruiting team. Derby declined to comment. Alonso did not respond when approached.