EFL reveal they are stepping in to deal with the takeover as Derby’s administrators speak out over the speculation and allegations.
The English Football League have called out Quantuma and hope that by getting involved, that the takeover can get dealt and the club’s debt can stop rising the longer this goes on, making it harder to make the club survive, to find a buyer and survive the threat of liquidation should it ever get to that point.
The league organisation are putting pressure on the administrators considering there is a serious risk of Derby not being in a position to start the League One season
EFL STATEMENT:
The EFL has today informed the Administrators at Derby County that following the failure of Mr Chris Kirchner to conclude a sale of Club, it is changing the terms of the suspended Notice of Withdrawal issued when the Club entered into administration in September 2021.
The League is increasingly concerned that the ongoing delays in the sale process now present a real risk to the integrity of next season’s competition, with the 2022/23 fixture list due to be released in less than two weeks, and need to act now in the best interests of the EFL.
The suspension of the Notice of Withdrawal of the Club’s share in the EFL is subject to conditions that, in accordance with the League’s insolvency policy, the EFL Board determine and given the lack of progress by the Administrators to finalise a transaction, it now considers it appropriate to revise the conditions of suspension.
As a result, the EFL has informed the Administrators that there will be a revision to the conditions attached to the suspension and the EFL is now to be made a party to all correspondence and discussions between the Administrators, and any and all potential bidders, with an acknowledgment that the League will be able to negotiate directly in relation to matters concerning the transfer of the share in the EFL.