Key Derby County takeover details finally revealed in fresh Companies House update – Derbyshire Live

  • October 29, 2022

Latest Derby County news from DerbyshireLive as details of the club’s takeover are published by Companies House
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Clowes Developments paid just under £17.7million to buy Derby County Football Club, it has been revealed.
The deal was closed on July 1, ending an agonised 10-month wait for the club to find a buyer to take them out of administration. After a drawn-out saga that led to a failed from American businessman Chris Kircher, Clowes stepped in at the last minute and Clowes Developments acquired the club.
Owner David Clowes also paid £22m for Pride Park, bringing his total spend just shy of £40million. The figures are shown in the latest administration progress report, which has been published by Companies House. The club also received £2million in player transfers during the administration period.
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According to analysis from football finance expert Kieran Maguire, the companies in administration owed £25m in taxes but HMRC took a 75% cut, receiving £6m. The club's football creditors, owed a total of £8.9million, were paid in full; while Maguire notes that Mel Morris has "written off about £125million allowing the new owner to pay 25p in the pound to suppliers etc."
In the progress report, administrators Quantuma cite the EFL, MSD, HMRC and the ‘press’ as reasons why the costs they occurred were higher than had been expected.
There are no mentions of Wycombe and Middlesbrough in the report, suggesting that both matters were settled privately.
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