Takeover: Considerable interest in Derby

25 March 2019

Mel Morris Derby County
Photo: Getty Images According to Derby Telegraph there is interest from Europe, the U.S., Canada and the Far East to buy Derby County from owner Mel Morris.

Interest seen as coming from Europe, the U.S., Canada and the Far East, according to Derby Telegraph.

Owner Mel Morris trying to have the club’s debt repaid to him and is said to be willing to sell the club for £1.

Nikolaj Babis Nielsen contact@offthepitch.com

According to recent media reports, Derby owner Mel Morris has been trying to sell the Championship club for just £1 in a bid to have the club’s debt to him paid back. Morris is thought to have invested in the region of £140 million to £150 million in the club.

But now local news service Derby Telegraph reports that it understands there has been “considerable interest” in a possible part investment or full investment.

Interest appears to to be coming from Europe, the United States, Canada and the Far East, according to the report, with three separate parties said to be very interested in providing either part or full investment.

A year ago, Morris said he would be open minded about the prospect of outside investment, but only if it was in the best interests of the club.

In 2008, U.S.-based General Sports and Entertainment bought the club, and Morris was named co-lead investor and director. Morris then bought the club outright in 2015 for an undisclosed sum.