Derby County takeover: Sale to Abu Dhabi royal Sheikh Khaled agreed ‘in principle'

Sheikh Khaled is the cousin of Manchester City owner Sheikh Mansour bin Zayed Al Nahyan

Sports Staff
Friday 06 November 2020 12:18
Comments
Wayne Rooney's best moments from his first season at Derby County

Derby have confirmed a deal has been agreed "in principle" for the sale of the club to Derventio Holdings, which is owned by Sheikh Khaled Zayed Bin Saquer Zayed Al Nayhan, a member of the Abu Dhabi Royal Family.

Rams' owner Mel Morris has been seeking fresh investment for the club, who currently sit second bottom of the Sky Bet Championship.

Sheikh Khaled is the cousin of Manchester City owner Sheikh Mansour bin Zayed Al Nahyan, and the deal to buy Derby is reported to be in the region of £60 million.

The Dubai-based Bin Zayed International group have previously been interested in takeovers at Liverpool and Newcastle, tabling a £350 million bid, with their latest proposal for Derby having been approved by a meeting of the EFL board on Thursday.

"Derby County Football Club's owner and executive chairman Mel Morris has been in discussion with Derventio Holdings (UK) Limited since May in relation to taking over the ownership the club," a Derby statement on the official club website read.

"These talks progressed to the point where a deal has, in principle, been agreed between the two parties.

A deal in principle has been agreed, with a figure of around £60m reported

"The club's submission under the Owners and Director's test for Derventio was approved by the EFL board on Thursday.

"Derventio Holdings (UK) Limited, who's ultimate controlling entity is Bin Zayed International LLC, owned by Sheikh Khaled Zayed Bin Saquer Zayed Al Nayhan, may now proceed with the transaction, which is a expected to close very soon.

"There will be no further comment from either party until the transaction has completed."

PA

This weekend get a £10 free bet with Betfair, when you bet £10 on a Same Game Multi on the Premier League. Terms: Min £10 Same Game Multi bet on any EPL match this Fri - Sun. Free bet valid for 72 hours, awarded at bet settlement. Excludes cashed out bets. T&Cs apply.

Register for free to continue reading

Registration is a free and easy way to support our truly independent journalism

By registering, you will also enjoy limited access to Premium articles, exclusive newsletters, commenting, and virtual events with our leading journalists

Already have an account? sign in

By clicking ‘Register’ you confirm that your data has been entered correctly and you have read and agree to our Terms of use, Cookie policy and Privacy notice.

This site is protected by reCAPTCHA and the Google Privacy policy and Terms of service apply.

Join our new commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in