Derby County ‘told to prove they have the £13.5m it will take to finish the Championship season by the EFL’ as the administrators of the cash-strapped Rams continue to look for a buyer
- The EFL have asked Derby to prove they have the finances to finish the season
- Administrators Quantuma must prove an estimated £13.5million to the EFL
- The news comes after Derby lodged an appeal against their 12-point deduction
Derby face another shocking twist in their battle with the EFL as the league authority have demanded that the club’s administrators prove they have enough money to finish the Championship season.
Quantuma, Derby’s administrators, have been ordered to show they can provide the estimated £13.5million to ensure the Rams can make it to the end of the campaign, according to The Sun.
The figure is significantly higher than Derby’s current cash-on-hand, and would require Quantuma to secure loans to cover the shortfall.
The EFL have demanded Derby prove they have enough money to finish the current season
The Sun reports that finances are such that there is enough money to cover manager Wayne Rooney and his squad’s wages until January.
But should Derby be unable to prove further funds, they could be placed under a transfer embargo, effectively ending any chance of Rooney using the January transfer window to either sell players or bring in talent to keep his club’s Championship hope alive.
Derby are currently rock-bottom with just three points, although without the deduction they would be 15th in the table.
The development over proving finances comes after Derby’s formal appeal against the EFL’s 12-point deduction for the club going into administration, claiming the impact of Covid-19 means the punishment was unjustified.
Derby County’s administrators have received many expressions of interest’ in buying the club
Rule 12.10.2 of the EFL regulations, regarding sporting sanctions, says clubs can appeal against automatic points deductions ‘only on the ground that the relevant Insolvency Event(s) arose solely as a result of a Force Majeure event.’
This is described as an event over which a club ‘could not reasonably be expected to have control.’
The appeal will now be referred to arbitration panel who will hear the case within three weeks, though Derby’s punishment will remain in place until a verdict is delivered.
Once the case has been heard, Derby will either be stuck with their deduction, have it reduced or have the slate wiped clean altogether.
Quantuma are still in the thick of trying to find a buyer for Derby. They claim to have seen proof of funds from several interested parties but have no firm offers yet.
Rams boss Wayne Rooney has asked that ‘the right person’ is chosen to purchase Derby
Both the administrators and Rooney remain confident of finding a buyer, though the former England captain has called for ‘the right person’ to take control.
‘We don’t want to be put in this position again,’ he said. ‘I know the administrators are doing everything they can to get the right person to take over this club.
‘I was never in doubt that people would come forward as potential buyers. It’s a massive club with a great fanbase. The administrators have confirmed to me that there are a lot of parties interested.
‘Things are moving forward slowly. Hopefully we can get someone in to move us forward. The sooner the better, but there is no doubt in my mind that it will happen. New owners would have to get to know not just me, but the players and the rest of the staff.’
Derby are currently bottom of the league, but without the points deduction they would be 15th
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