EFL board hands Derby four-week deadline extension

The Football League have handed Derby County a four-week stay of execution after extending the deadline for the club’s administrators to show there are sufficient funds to complete the season.

The club and the administrators, Quantuma, issued a joint statement on Thursday. It came after intensive meetings between the administrators and the three parties interested in taking over the club, which have so far failed to identify a preferred bidder.

Derby had until February 1 – just five days away – to show the EFL it had enough funds to finish the season.

“Following a formal review of revised financial forecasts at Derby County, the EFL and Quantuma (the Club Administrators) have today agreed a month-long extension to the deadline set for proof of funding to be provided,” the statement said.

“The EFL Board had previously requested evidence by 1 February 2022 of how Derby County was to be financed whilst it remained in administration, alongside a financial plan that determined how the Club would fulfil its fixture commitments until the end of the current season.”

Need a VPN? Or seeking to switch? Then support Tribal Football by clicking here to sign up with our official partners NordVPN. Not only will you receive the best VPN experience, but also great discounts by signing up via Tribal Football. Thanks for your support!

Source link

Related Articles


Please enter your comment!
Please enter your name here

Stay Connected


Latest Articles