Derby County Football Club’s Owner and Executive Chairman Mel Morris CBE has been in discussion with Derventio Holdings (UK) Limited since May in relation to taking over the ownership the club.
These talks progressed to the point where a deal has, in principle, been agreed between the two parties.
The club’s submission under the Owners and Director’s test for Derventio was approved by the EFL board on Thursday.
Derventio Holdings (UK) Limited, whose ultimate controlling entity is Bin Zayed International LLC, owned by Sheikh Khaled Zayed Bin Saquer Zayed Al Nayhan, may now proceed with the transaction, which is expected to close very soon.
There will be no further comment from either party until the transaction has completed.