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topicnews · September 25, 2024

Owner David Clowes seeks new investors for Derby County

Owner David Clowes seeks new investors for Derby County

Derby County is looking for new investors to boost its purchasing power after returning to the Championship.

David Clowes, the owner of the club, is happy to accept the capital injection, which is intended to help the club stabilize and compete in the second division.

Clowes could be willing to sell up to 80 percent of his shareholding to a reputable and reputable party, but intends to stay in office if an agreement is reached.

Telegraph Sports As is known, Clowes has been in talks with a number of interested groups from around the world since saving the club from liquidation in the summer of 2022.

Although Derby are not currently in negotiations with any party, their return to the Championship has sparked a wave of renewed interest from potential investors.

New investments must fit the club’s business model

A source familiar with the matter said: “David made it clear from the moment he took control of the club that he was open and willing to discuss external investment, as long as that investment was compatible with the club’s existing business model and principles.”

“In recent months there have been several interested parties considering a serious investment offer, but the club has not taken a final position on these discussions.”

There is no evidence that Clowes’ company is in financial trouble and the plan was always to seek outside investment.

Clowes, a lifelong supporter of the club, spent around £55 million to lead Derby out of bankruptcy when he completed his takeover in June 2022.

In an interview with Telegraph SportsHe admitted last year that Derby were five days away from bankruptcy before he intervened.

Derby have transformed since his takeover and under Paul Warner’s management they finished second in League One last season, returning to the Championship after a two-year absence.

Derby have sold more than 20,000 season tickets for this season and are currently 10th in the second division.

Recent accounts showed that Derby suffered a pre-tax loss of £30 million in the first year of Clowes’ ownership.

However, this loss also included an ‘impairment of acquired goodwill’ of £19.7 million. This impairment occurs when a company decides to pay more than its carrying value to acquire an asset and the value of that asset subsequently falls.