Derby County under ‘genuine threat of administration’ – reports
The takeover of Derby County could be in doubt, with the club in danger of being placed into administration, according to reports.
It is thought that the club’s playing staff have only been paid half of their December wages and that the club’s cash at hand is now running dangerously low,with outgoing owner paying the bill from cash from his other business interests.
Administration is now a “genuine threat”, the Daily Telegraph said, after a deal to buy the club missed several deadlines.
The delayed sale of Derby County was first revealed in November when it was revealed that Sheikh Khaled bin Zayed Al Nehayan was set to take control of the club from current owner Morris. Al Nehayan is a member of the Abu Dhabi royal family.
The club’s submission under the Owners and Director’s test for Derventio was approved by the EFL board on November 5.
However, the deal has yet to be finalised.
Derby County’s annual results for the year ending June 30 2019 are yet to be published.
The Rams currently lie in 22nd place in the Championship, with just 19 points from 22 games.