Entered Derby County Administration amid ongoing financial problems Football news

The club has entered the Derby County administration amid ongoing financial problems.

Andrew Hosking, Carl Jackson and Andrew Andronico, managing directors of business consulting firm Quantum, have been appointed joint administrators of the Sky Bet Championship Club, who are losing between £ 1.3 million and £ 1.5 million a month, according to owner Mel Morris.

Hosking said: “Covid-1 has had a significant impact on the club’s finances and its long-term ability to continue its current form.

“We acknowledge that with the start of the 2021/22 season last month, this news will be a matter of concern for starholders and fans in Derby City and the wider football community.

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Wayne Rooney said on Saturday that he was ‘heartbroken’ for the Derby staff who could lose their jobs as a result of entering the club administration.

“We are in the early stages of evaluating the options available to the club and would invite any interested team to come forward.

“Our immediate goal is for the club to complete all of its fixtures in the Championship this season and find a team interested in protecting the club and its staff.”

Morris claimed he had spent more than 200 200 million of his own money trying to get Derby into the Premier League but admitted he had failed and apologized to staff and supporters.

The owner also said earlier Sky Sports News He was “devastated” by the situation and cited the financial impact of Covid-1 and a source of the failed acquisition attempt as the cause of the riots.

There is widespread concern among staff about losing a job with manager Wayne Rooney after Saturday’s win against Stoke City, saying the situation is “heartbreaking” for everyone at risk.

With the announcement that Derby will automatically face a 12-point discount, which could rise to a total of 21 points, the club has discussed with the EFL allegations of violating financial fair play rules.

Derby County are currently 12th with 10 points from their first eight matches in the Championship.

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