Derby could AVOID expulsion from the Championship despite threat of liquidation as Mike Ashley and two other parties remain in the takeover hunt… with administrators set to be granted a stay of execution if they can show signs of progress
- Derby could be spared Championship expulsion despite their financial woes
- The cash-stricken club are facing liquidation amid debts of almost £60million
- Administrators Quantuma must prove they have funds to complete the season
- But if they show signs of progress this week, they are unlikely to be expulsed
- Three potential bidders, including Mike Ashley, are still hoping to take over
Derby may be granted a stay of execution that will allow them to continue to compete in the Championship, despite the threat of liquidation.
The EFL had indicated Derby’s administrators Quantuma, who have yet to name a preferred bidder, would have to prove by next Tuesday that they had the funds required — believed to be about £5million — to complete the season, or risk expulsion from the league.
Yet if Quantuma can show clear evidence of progress this week, it is unlikely Derby would face the ultimate sanction, even if a preferred bidder were not yet in place.
Wayne Rooney’s Derby may be granted a stay of execution that will allow them to continue in the Championship despite their financial struggles
Talks are continuing between the EFL and administrators, with three parties showing an interest.
One of those is believed to be former Newcastle owner Mike Ashley, with another fronted by former Derby chairman Andy Appleby and a third from US investors Adam and Colin Binnie, who offered £28m for the club last Friday.
Derby, managed by Wayne Rooney, have been docked 21 points this season — 12 for entering administration in September and nine more for breaking spending rules — which has left them eight points adrift of safety.
The club’s administrators could spare them expulsion by showing signs of progress to the EFL
Three parties, including Mike Ashley, remain in the hunt to buy Derby amid their financial woes
They face Birmingham at Pride Park on Sunday in what is likely to be an emotional affair, regardless of the events of this week.
And they may be without captain Tom Lawrence, who is attracting interest from promotion-chasing Bournemouth.
The influential forward has scored eight goals this season and could become the third senior player to leave after Phil Jagielka, who joined Stoke, and Graeme Shinnie, who signed for Wigan.
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