Derby out of administration as David Clowes seals ‘exciting’ takeover

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.

Last week Derby appointed Liam Rosenior, previously assistant to Wayne Rooney, as interim manager after the sudden departure of the former England captain. Derby returned to training on Monday with only five first-team players under contract for this season.

In an open letter to supporters, Clowes, 53, said: “I could not stand by as the risk of losing Derby County became all too real. I could not have looked myself in the mirror if I had not done everything possible to protect it. That is why it is so exciting to be part of the process of building a fresh future at Pride Park for the fans and loyal club staff who have been through so much.

“The decision to get involved with the purchase of the stadium, and subsequently the club, has not been an easy one. As a private person, I did not want the publicity and would prefer to remain an anonymous supporter watching the team from my usual seat. However, if that is the price to secure the future of the club, then so be it.”

The joint-administrator Andrew Hosking heralded a “new beginning” and “clean slate” for the club under Clowes. “The level of complexity involved in bringing this matter