Derby County have received a major cash injection from a New York investment bank belonging to American billionaire Michael Dell.
Dell is the founder and chairman of Dell Technologies and owner of MSD Capital – and records on Companies House confirm a loan was registered last week.
Derby owner Mel Morris has been searching for additional funding for over two years having sunk millions of pounds into Derby, trying in vain to get the club into the Premier League.
The club is currently awaiting the verdict from an independent disciplinary charge over a battle with the EFL over the sale and leaseback of Pride Park.
Sheffield Wednesday were docked 12 points for a similar charge, however, Derby’s relates to the £80m valuation of their stadium, rather than the year it was accounted for.
It has been reported that “noises do not sound good” for the club.
The Telegraph report that a £30m cash injection has been borrowed against the club’s assets.
It is stated that Dell and Derby are talking about a range of financial arrangements, which could include a significant loan, investment or takeover.
Dell was listed as the 25th richest man in the world in Forbes last year and has also held talks with a number of other clubs in England outside the top tier.
The cash injection will help towards Derby’s cash flow amid the strain placed on all EFL clubs due to the Covid-19 crisis, which has seen very little money change hands since the summer transfer window opened.
If you cannot view this survey please click here