Home Somerset rules Derby administrators hope to name preferred bidder early next week

Derby administrators hope to name preferred bidder early next week

0

Derby’s trustees hope to be able to name a preferred bidder who “best secures the club’s long-term future” after discussions with the EFL early next week.

The Sky Bet Championship side went into administration last September and the process of securing a new owner has been protracted.

Quantuma’s directors issued a statement on Friday afternoon noting that offers for the club must be submitted “in their final format by the close of business today”.

The merits of the bids will then be assessed to identify a preferred bidder before discussions take place with the EFL on approving any deal.

The EFL said on March 3 that it had received assurances from the directors that sufficient funds were in place to see out the season.

American businessman Adam Binnie, whose family have made two offers for the club, said earlier this month the directors had rejected their latest offer of £30m and would not speak to them again unless that this offer is not increased.

Former Newcastle owner Mike Ashley had shown interest in the club, but it remains to be seen if that is still the case.

A spokesperson on behalf of the co-trustees said on Friday: “Following Team Derby’s statement on Monday March 21 and in the interest of accurate and transparent reporting, the co-trustees of Derby County Football Club wish to clarify the process which we will follow. commitment in order to be able to publicly name our preferred bidder.

“Bidders must submit offers for the club in their final format by close of business today. The joint administrators will assess the merits of all offers received over the weekend of 26/27 March and identify their preferred bidder.

“It will be the bid that we believe best secures the long-term future of the club.

“At the beginning of next week, the co-administrators will begin discussions with the EFL.

“Following their approval to proceed, we will then be able to publicly name the preferred bidder.”

After a 21-point deduction due to going into administration and breaches of EFL financial rules, Derby are bottom of the Championship table, eight points from safety with seven games to go.