Derby have enough money in place to complete season, EFL told

The English Football League has been told by the administrators of Derby that the Sky Bet Championship club have enough funding in place for the remainder of the season.

On Monday, the EFL requested an “urgent” update from administrators Quantuma after a deadline to provide proof of funding passed last week without any further information.

Quantuma issued a brief response on Wednesday which detailed they were considering bids for the Rams, but they have since been in touch with the league’s organisers to provide further information.

While Derby still face “a number of challenges” according to the EFL, Wayne Rooney’s side look set to be able to continue their battle to avoid relegation on the pitch while efforts off it focus on finding a new buyer for the club.

“At its meeting today (Thursday) the EFL Board considered the latest information provided by Quantuma, including their forecast which showed the club has sufficient cash to trade until the end of the season,” an EFL statement read.

“It is clear that there are still a number of challenges to be dealt with by the Administrators as they work to confirm the preferred bidder status and exit the club out of Administration.”

The EFL had stated on Wednesday it was “deeply concerned” at the lack of progress or information provided over a potential buyer and the club’s evidence of funding.

Quantuma revealed on the same day they hoped to “shortly” name a preferred bidder for the Pride Park outfit.

That statement said: “The joint administrators of Derby County Football Club are currently considering bids for the club, following deadlines set for offers at the end of last week.

“Further requests for clarity from prospective purchasers have been sought and we hope to be able to