MX23RW : Monday, May 13 00:37:09| >> :120:52717:52717:

Derby agree deal in principle to sell club to Sheikh Khaled

Derby agree deal in principle to sell club to Sheikh Khaled
© Reuters
The Rams are in the bottom three of the Sky Bet Championship.

Derby have confirmed a deal has been agreed "in principle" for the sale of the club to Derventio Holdings, which is owned by Sheikh Khaled Zayed Bin Saquer Zayed Al Nayhan, a member of the Abu Dhabi Royal Family.

Rams' owner Mel Morris has been seeking fresh investment for the club, who currently sit second bottom of the Sky Bet Championship.

Sheikh Khaled is the cousin of Manchester City owner Sheikh Mansour bin Zayed Al Nahyan, and the deal to buy Derby is reported to be in the region of £60million.

The Dubai-based Bin Zayed International group have previously been interested in takeovers at Liverpool and Newcastle, tabling a £350million bid, with their latest proposal for Derby having been approved by a meeting of the EFL board on Thursday.

"Derby County Football Club's owner and executive chairman Mel Morris has been in discussion with Derventio Holdings (UK) Limited since May in relation to taking over the ownership the club," a Derby statement on the official club website read.

"These talks progressed to the point where a deal has, in principle, been agreed between the two parties.

Mel Morris had been looking for fresh investment to the club for some time
Mel Morris had been looking for fresh investment to the club for some time (Scott Wilson/PA)

"The club's submission under the Owners and Director's test for Derventio was approved by the EFL board on Thursday.

"Derventio Holdings (UK) Limited, who's ultimate controlling entity is Bin Zayed International LLC, owned by Sheikh Khaled Zayed Bin Saquer Zayed Al Nayhan, may now proceed with the transaction, which is a expected to close very soon.

"There will be no further comment from either party until the transaction has completed."

ID:421322: cacheID:421322:1false2false3false:QQ:: from db desktop :LenBod:restore:5001:
Restore Data
Share this article now:
Derby County manager Phillip Cocu pictured on October 20, 2020
Read Next:
Phillip Cocu: 'We cannot be happy with our current situation'
>
rhs 2.0
Today's games header
Tables header RHS
TeamPWDLFAGDPTS
CPortsmouth462813578413797
3Bolton WanderersBolton462512986513587
4Peterborough UnitedPeterborough462591289612884
5Oxford UnitedOxford Utd4622111379562377
6Barnsley4621131282641876
7Lincoln CityLincoln4620141265402574
8Blackpool4621101565481773
9Stevenage4619141357461171
10Wycombe WanderersWycombe461714156055565
11Leyton Orient461811175355-265
12Wigan AthleticWigan462010166356762
13Exeter CityExeter461710194661-1561
14Northampton TownNorthampton46179205766-960
15Bristol Rovers46169215268-1657
16Charlton AthleticCharlton461120156465-153
17Reading461611196870-253
18Cambridge UnitedCambridge461212223961-2248
19Shrewsbury TownShrewsbury46139243567-3248
20Burton Albion461210243967-2846
RCheltenham TownCheltenham46128264165-2444
RFleetwood TownFleetwood461013234972-2343
RPort Vale461011254174-3341
RCarlisle UnitedCarlisle4679304181-4030


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!