Derby County seeks US funding

Derby County could be the latest English club to look across the ocean for a takeover or investment.

The club is in talks with U.S. interests on getting money into the club and abolishing the club's estimated GBP 25 million in debts. The potential investors are not known, other than it's a U.S.-based sports company that has been involved with U.S. football, baseball and basketball.

"They have got a great sports experience in the US and know what running a football club is all about," boss Paul Jewell told the BBC. "We have that local expertise as well and hopefully the two allied together will make a very nice mix for the club going forward."

Club chairman Adam Pearson said the U.S. group had plenty of experience in the sports industry.

"The search for an investment partner is reaching a critical time with one particular consortium," Pearson told the Derby Evening Telegraph. "It is a consortium with great experience of sports management, who want to work with the club to ensure it, has the financial strength to compete at this level.

"It will reverse the balance sheet from negative to positive. This is a very exciting opportunity and would be a huge boost. We are at the stage where the nuts and bolts of the deal are still being thrashed out and, obviously, while that diligence and negotiation is ongoing, then there is always the prospect of the deal falling over."

Source: euFootball.BIZ © Copyright 2006 - All rights reserved.