Former English champions Derby County have applied to enter administration, the struggling second-tier club announced Friday.

The Championship side issued a statement which claimed the club’s directors “had no choice but to make the tough decision” to file notice to appoint administrators following a failure to secure new owners and the impact of COVID-19 on the Midlands club’s finances.

“Last week, it became clear that the process which has been underway to identify a purchaser for the club likely would not be productive over the near term, despite the number of negotiations with credible parties.

“Because the COVID-19 pandemic has had a severe impact on the revenues and profits of all of its businesses, the club has been unable to service its day-to-day financial obligations. The directors had no choice but to make the tough decision to take this action and protect the club.”

Continue reading this article on SportsDesk, the sports website of the Times of Malta

 

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