Rams takeover expected to complete as new era set to begin

David Clowes

Clowes Developments’ takeover of Derby County is expected to be finalised today (June 30), according to administrator Quantuma.

Clowes was named as preferred bidder over the weekend company chairman David Clowes – a lifelong Rams fan – stepped forward with an offer for the club, after previously buying the Pride Park Stadium.

The deal was originally slated as finalising on Wednesday of this week, but a statement from Quantuma said this had been pushed back a day.

The statement said: “All parties involved in the sale of the Club have been working very hard together since last weekend to complete this extremely complex transaction. A small number of outstanding matters remain, and these matters are outside of the control of the joint administrators and Clowes Developments (UK) Limited.  It is our expectation that these will be finalised tomorrow, Thursday 30 June, allowing the transaction to complete then.

“The joint administrators would like to reassure staff, players and supporters that they are in receipt of completion monies from Clowes Developments (UK) Ltd, and the outstanding issues require a short amount of additional time to be finalised.”

Meanwhile, following Wayne Rooney’s departure, Liam Rosenior has been named as interim coach. Rams players return to training on Monday facing a season in League One after relegation from the Championship.

Join us at the 2022 Rainmaker Awards
Close