Supporter's Charter Group meeting with DCFC Administrator Andrew Hosking
As you are aware the main barrier to moving forward with a sale of the club was the position of Middlesbrough and Wycombe. A resolution to the Middlesbrough claim has been agreed upon. Whilst settlement discussions have taken place with Wycombe, no agreement has yet been reached and all options are still being considered. This is not expected to hinder any sale of the club.
Crucial and confidential talks are currently ongoing with prospective purchasers and their advisors. These discussions are at a key juncture and the Joint Administrators do not wish to jeopardize the sale of the Club in any way and do not feel it would be helpful to publicly provide information that may well change during the course of these ongoing discussions. During the course of the Administration to date a number of confidential communications have been publicized, and in some instances misquoted. As a consequence, there is significant caution regarding the release of detailed information surrounding the bidding process which may have a negative overall impact if quoted out of context or inaccurately. The Joint Administrators have received a number of bids and ongoing expressions of interest. Negotiations are continuing in order to ensure a suitable bid can be accepted that satisfies the necessary criteria to fulfill the EFL’s requirements and insolvency law.
Funding is available to see the club complete the season however it is in the interests of all parties for a sale to be complete as soon as possible, particularly in order to capitalize on commercial decisions ahead of next season. Ongoing trading cannot continue indefinitely without a preferred bidder in place to support the day-to-day running of the club.
The Joint Administrators are as committed as ever to achieving a sale as soon as possible and ensuring the survival and future success of Derby County Football Club. The frustrations of the fans are understood and shared. Every effort is being made to achieve a sale at the earliest opportunity.
Further updates will be provided as soon as it is practicable to do so.