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(Reuters) - Derbyshire-based property group Clowes Developments has completed the takeover of Derby County, the League One club announced on Friday as the sale ended a period of nine months in administration.
Derbyshire-based property group Clowes Developments has completed the takeover of Derby County, the League One club announced on Friday as the sale ended a period of nine months in administration.
Derby County have exited administration after nine months thanks to a takeover by the local property developer and lifelong supporter David Clowes. It marks a positive end to a painful saga for Derby, who had seen three proposed deals collapse since last year.Derby’s administrators, Quantuma, said Clowes has saved the club, who this season will play in the third tier for the first time since 1986. Clowes’ company, Clowes Developments, also acquired Pride Park stadium from the former owner Mel Morris. Derby, hit by a 21-point deduction last season, begin at home to Oxford United on 30 July.
The “extremely complex” nature of Derby’s sale has caused another delay to the takeover by local property developer David Clowes.
The takeover of Derby by property developer David Clowes is expected to be completed on Thursday, the club’s joint administrators have said.
Former Derby manager Wayne Rooney has urged fans to get behind his successor with the club on the verge of a takeover.
Just as good news came for Derby County supporters in the form of a bid being accepted from Clowes Developments for the club, another fresh hammer-blow was struck as Wayne Rooney tendered his resignation as manager.
Simon Jordan has branded Wayne Rooney a ‘fool’ for deciding to leave Derby County.