‘Serious bidders’ show their hand in race to buy Derby County

Administrators Carl Jackson and Andrew Hosking of Quantuma
X The Business Desk

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Administrators in charge of finding a buyer for stricken Championship club Derby County have denied that Mike Ashley has made an approach – but say that “several” interested parties have proof of funds that they can be considered as “serious bidders”.

Reports earlier this week suggested that Ashley, now that he has sold his interest in Newcastle United, could launch a bid for the Rams.

However, this has been flatly denied by joint administrators from Quantuma, who have confirmed that they have appealed the 12-point deduction for entering administration handed out by ruling body the EFL.

Andrew Hosking, managing director at Quantuma, said: “We have been contacted by a number of interested parties in relation to the sale of Derby County and have subsequently issued a series of non-disclosure agreements (NDAs) for signature in order to proceed. Of those who have returned a signed NDA, several have been able to provide the necessary proof of funds we have requested to be considered as a serious bidder.

“As this is an ongoing process, we are unable to comment on the names of the individuals and organisations that have met this criteria at this time. We can however confirm that we have neither been approached by, nor have we entered into dialogue with Mike Ashley.”

Hosking added: “I can confirm that an appeal was lodged against the 12-point deduction imposed on Derby County’s 2021/22 season total on 22nd September 2021. As a consequence, this matter has been referred to an independent arbitration panel who will consider representations from both parties before making a determination. At this current time, the Club’s points total in the Championship table will remain unchanged.”

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