Coronavirus: Derby close in on £30 million loan as club fight to survive
30 March 2020
The loan, financed by American billionaire Michael Dell's investment company, MSD Capital, has reportedly been worked on since before the coronavirus crisis.
Despite reports of the contrary, the deal is not equity investment, but rather a commercial loan with strict repayment terms.
Derby are closing in on a £30 million loan from American billionaire Michael Dell's investment company, MSD Capital, according to the Daily Mail, amidst financial uncertainty at the club, worsened by the escalating coronavirus crisis.
With English football being postponed until at least 30th April, lower-league clubs are being hit especially hard in terms of cash flow due to the loss of matchday income, on which they are heavily reliant.
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