Derbyshire-based property group Clowes Developments (UK) Ltd will submit a bid to buy Derby County after purchasing the company that owned Pride Park Stadium from Mel Morris.
Clowes have also issued an interim loan to the club which will enable Derby to start the League One season and trade while a deal to purchase the Rams is concluded.
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Derby’s administrators Quantuma confirmed American businessman Chris Kirchner pulled out of his deal to buy the club last week.
However, David Clowes, chairman at Clowes Developments, wants to rescue the club he supports.
“With a deadline looming and the start of the next season getting closer, we needed to do something,” Clowes said.
“As a local and established property company, purchasing the stadium seemed the obvious first step. Secondly, as a proud Derby supporter, it was inconceivable to me that the club was at risk of falling away.
“We’ve worked tirelessly behind the scenes on the stadium purchase and loan agreement to be able to get the club going again in time for the next season. Players, staff and fans needed some good news, and we are delighted to play a part in delivering that.”
More to follow…
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