3/1 To Win
The EFL welcomes
confirmation from the Joint Administrators of Derby County Football Club, Quantuma,
that they have today formally concluded the transfer of assets with
Clowes Developments (UK) Limited to place Derby County under new
ownership.
Consequently, the EFL can now confirm that the Club has met the requirements of the League’s Regulations and Insolvency Policy and is therefore no longer in administration with the Notice of Withdrawal also being cancelled.
As part of the conditions of continuing membership in the EFL, the Club, whilst remaining under a registration embargo, will be permitted to sign new players in accordance with the terms of a business plan.
The plan, which has been jointly agreed by the new ownership and the EFL, includes restrictions in respect of transfers fees, player wages and agents’ fees. Any application to register players must comply with the terms of those agreed plans.
EFL CEO Trevor Birch said: “These past nine months have been a worrying and challenging time for everybody connected with the Club, particularly the staff and supporters who have been forced to endure much uncertainty.
“This Administration has presented all relevant parties with many and varied challenges, but with the new ownership now in place, the Club and local community can hopefully now look to the future with a renewed sense of optimism.
“Throughout this process, it has been frustrating to read a great deal of misleading comments from some people which have either fundamentally misunderstood the remit of the EFL or have misrepresented what the League’s role in the process has been.
“At all times the EFL’s focus has been on securing the future of Derby County whilst ensuring the requirements of our Regulations and Insolvency Policy are met alongside acting in the best interests of all 72 members of the League.
“I would like to wish everybody at the Club, in particular the new ownership and their associates, all the very best for a long and sustainable future and we look forward to working closely together as we head into season 2022/23 and beyond.”
