Retour
The financial scale of Derby County's five-year administration has been revealed, with the process still not concluded due to an outstanding legal matter.
In a fresh progress report relating to the four companies associated with Derby's former ownership structure., published on Companies House, it has been confirmed that the administration, which is being handled by Quantuma, has been extended until September 21, 2027.
Derby were put into administration by their former owner, Mel Morris, in September 2021, but the club was saved by local businessman and fan David Clowes in the summer of 2022.
While Derby began their new era under a new separate company, the administration involving the old companies has continued in the background, with neither the club nor Clowes liable for the costs.
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In the latest update, Quantuma say they are liaising with Pinsent Masons on an outstanding legal matter that remains unresolved. The administrators expect an update during the next reporting period. They say no comment can be made due to its "privileged nature", but will provide further information once the matter has been resolved.
Once that happens, the joint administrators will seek their release from office.
The time costs incurred by Quantuma across the four companies now stand at £3,854,193, although the administrators have drawn £1,849,980 plus VAT in fees in relation to the former football club.
The report also details £1.77m in legal costs and disbursements for the former football club, against an original estimate of £1.1m.
The administrators attribute the increase to protracted sale negotiations, the prolonged trading period and the work required to challenge the points deduction imposed on Derby during the 2021/22 season.
Quantuma have confirmed they do not currently intend to request authority to draw further fees above the estimates already approved, although they will review the position in the next reporting period.