Lengthy statements and counter-arguments as Derbyshire’s battle for survival rumbles

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The battle for Derby County Football Club’s survival rages on.

In a new twist, club administrators Quantuma and the English Football League released lengthy statements on Thursday afternoon outlining their positions.

The Rams have been in administration for four months and uncertainty remains over their future.

Derby’s administrators have been asked by the EFL to “urgently” provide a plan by February 1 to demonstrate they have sufficient financial resources to complete the season.

Three interested parties are looking to save Derby and the administrators hope to be able to announce the preferred bidder soon, but those interested parties are wary of compensation claims from Middlesbrough and Wycombe Wanderers hanging over the club.

The continuing saga does little to allay the worries of Derby fans who fear the club may be going into liquidation.

In a nearly 1,200-word statement, the directors addressed a number of “key issues”.

Regarding the interested parties at the table, they said there had been huge interest in acquiring the club. “We have carried out a careful and diligent process and are currently engaged in discussions with three of these parties, all of whom have the credibility to take on the club,” they said.

However, they also said the three potential buyers are unwilling to proceed with their proposed purchase until the Middlesbrough and Wycombe situations have been resolved.

“We are committed to dealing with these complaints as quickly as possible. They are complex and highly contested. We have highlighted various ways in which we believe these complaints can be dealt with and we are in discussion with the EFL in this regard. , “the statement continued.

Regarding the club’s funding for the remainder of the season, the directors say: “We have provided the EFL with three scenarios on how this funding gap can be bridged and the EFL is awaiting further confirmation from our share as to the scenario we plan to deliver. This will be dealt with in the coming days.

This means the club’s transfer embargo remains in place and they are unable to sign any new players in this January transfer window or extend the contracts of current players.

Two key players have left the club in defender Phil Jagielka and midfielder Graeme Shinnie amid thought there is interest from clubs in a number of Derby players, but the Rams are keen to keep the team together as much as possible as they battle relegation. .

“Our position has always been that we want to maintain the integrity and quality of the team as best we can. That is always our intention,” the directors added.

They ended by saying that they are “working tirelessly to achieve a positive outcome” in the current situation and still believe it is possible.

“We understand the frustrations of supporters who are desperate for the club to survive and we are doing everything in our power to make that happen,” they said.

Meanwhile, the EFL say they are exasperated by Derby’s ongoing administration.

“Over the past 72 hours, the EFL has met with a number of full stakeholders, including MPs, government officials, local authorities and the RamsTrust, to discuss the current and difficult situation regarding the county. In all of these discussions, the League has maintained its position of seeking to work proactively with all parties involved to find appropriate and expeditious solutions which will ultimately see the club emerge from administration and prosper under new ownership.” , says a statement from the EFL.

“The administrator must urgently clarify how he plans to fund Derby County for the remainder of the season. According to the administrator’s own forecast, the club will run out of cash by February, and therefore the search for funds is of paramount importance to ensure they can compete for the rest of the season This is not an artificial deadline for the EFL, but the reality of when we were told the money was exhausted.

The EFL said it had offered independent legal mediation to try to resolve the issue with Middlesbrough and Wycombe.

“The League is also concerned about recent claims which suggest that a broader resolution of the ongoing issues depends solely on the resolution of Middlesbrough and Wycombe Wanderers’ claims, which are only part of a complex puzzle.” continued the EFL statement.

The EFL adds that it is unable at this time to determine the status of Middlesbrough and Wycombe’s compensation claims under the terms of the EFL’s statutes and/or insolvency policy. , as this may lead to further action. from parties already interested and from all club members.

“As a founding member of the Football League with a proud history, the club [Derby County] is of vital importance to the East Midlands, our competition and the wider footballing family and we all hope it can thrive again in the future as an enduring member of the EFL,” said the ‘EFL.

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