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The EFL has ramped up its pressure on Derby County's administrators Quantuma to secure a sale after its latest setback.
The deadline for American businessman Chris Kirchner to demonstrate his readiness to own the Rams passed on Friday. And without a new owner, the EFL have ramped up the pressure on Quantuma to find a new buyer.
A statement read: “The league is increasingly concerned that the ongoing delays in the sale process now present a real risk to the integrity of next season’s competition, with the 2022-23 fixture list due to be released in less than two weeks, and need to act now in the best interests of the EFL.
“The suspension of the Notice of Withdrawal of the club’s share in the EFL is subject to conditions that, in accordance with the League’s insolvency policy, the EFL Board determine and, given the lack of progress by the administrators to finalise a transaction, it now considers it appropriate to revise the conditions of suspension.
“As a result, the EFL has informed the administrators that there will be a revision to the conditions attached to the suspension and the EFL is now to be made a party to all correspondence and discussions between the administrators and any and all potential bidders.
"With an acknowledgement that the League will be able to negotiate directly in relation to matters concerning the transfer of the share in the EFL.”
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EFL chief executive, Trevor Birch, added: “Following this latest setback for the club and its fans, it is vitally important that a sale of the club is concluded at the earliest opportunity and we want to ensure that this objective is achieved.
“Up until now, we have provided the administrators with the time and opportunity to manage the sale process.
"But with the long stop date on the asset purchase agreement and the membership agreement now passed, further urgent proactive action is required in order to do whatever is possible to secure the club’s future as a continuing member of the EFL.”
- Derby County FC
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