Thursday, October 31, 2024

Derby owner Clowes in talks with new investors

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Derby County spent 282 days in administration before David Clowes took ownership of the Rams [Getty Images]

Derby County owner David Clowes has held talks with unnamed potential investors about selling a majority stake in the Championship club.

The Derbyshire property developer spoke to BBC Radio Derby in the summer about being open to bringing in new shareholders to help fund the club’s aspirations of returning to the Premier League.

It was reported by the Daily Telegraph on Tuesday that Clowes would consider selling upwards of 80% of his share if a serious offer was to come in.

No prospective deal is imminent, reports BBC Radio Derby, with one source close to the club confirming “several interested parties” have looked into the investing in the Rams.

“David Clowes made it clear from the moment he took control of the club that he was open and willing to discuss external investment as long as that investment aligned with the club’s existing business model and principles,” the source told BBC Radio Derby.

Life-long Rams fan Clowes, who took the club out of administration in 2022 and has always seen himself as a “reluctant” owner, has previously spoken about wanting a “long-term” involvement in the club.

It is understood that Clowes would look to remain on as chairman if any future deal is agreed.

Derby are in their first season back in the Championship after two campaigns in League One, having dropped to the third tier while in financial trouble.

Clowes previously revealed the club – a founding member of the Football League in 1888 – was a week away from going bust when he took over.

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