Connect with us

Hi, what are you looking for?

Football Reporting
Football Reporting

Premier League

Derby on verge of takeover as Erik Alonso agrees to buy club while Ipswich complete £40m sale to US investors

CHAMPIONSHIP side Derby are on the verge of a takeover after Erik Alonso agreed to buy the club, subject to EFL approval.

Confirmed on Wednesday, the Rams were the second Football League club to change hands in just a few hours after Ipswich were sold to US investors.

Derby will soon be under new ownership when the EFL approves Erik Alonso's takeover


Derby will soon be under new ownership when the EFL approves Erik Alonso’s takeoverCredit: PA

Mel Morris has been attempting to sell Derby for some time but a deal with Bin Zayed Group collapsed earlier this season.

Talks with No Limits Sports lasted a number of weeks until a breakthrough with Spanish businessman Alonso, 29, who recently attempted to buy Sheffield Wednesday having worked at Hillsborough as an advisor.

Advertisement. Scroll to continue reading.

The East Midlands club have confirmed the purchase will be completed when Alonso passes the EFL’s Owners and Directors Test.

A statement read: “Derby County Football Club wishes to confirm that a definitive agreement to purchase the club has been reached with No Limits Sports Limited.

“The transaction, which is still subject to the EFL’s Owners and Directors Test approval, is expected to close in the near future.

“As agreed with No Limits Sports there will be no further comment until the transaction is complete. This is to ensure that all of the club’s focus will be on the Championship run in.”

We are looking forward to working with Wayne Rooney and his team.

Erik Alonso

Alonso thanked Candy Crush millionaire Morris for a ‘quick and smooth transaction’.

He said in a statement: “It has undoubtedly been a difficult period both on and off the pitch for the club over the last two seasons.

Advertisement. Scroll to continue reading.

“And we recognise that all of the staff have been dedicated and worked tirelessly behind the scenes to ensure the club’s first-team and academy football operations were fulfilled.

“We are looking forward to working with Wayne Rooney and his team, and will do everything possible to support the club’s vision and ambition.”

Derby currently sit 18th in the Championship table after a 3-1 defeat to Reading, eight points clear of the relegation zone.


League One club Ipswich also changed hands on Wednesday, ending Marcus Evans’ 13 years at the helm.

The 57-year-old accepted a £40m bid from US investors Gamechanger 20 but will retain a five per cent share of the Suffolk side.

Ipswich have not reached the Premier League since relegation in 2002


Advertisement. Scroll to continue reading.
Ipswich have not reached the Premier League since relegation in 2002Credit: Getty – Contributor

US pension fund ORG will control 90 per cent of the Tractor Boys but day-to-day running is to be overseen by a group known as Three Lions Fund, which holds a five per cent stake.

Made up of co-owners of the American team Phoenix Rising, the group has appointed former West Brom CEO Mike O’Leary as the new Ipswich chairman.

O’Leary said: “We want our first remarks on completion of this takeover to be words of thanks to Marcus Evans.

“We have been discussing this sale with him for more than a year, and throughout the negotiations his love for the Club has shone through. He is a true supporter and all of us at Gamechanger 20 are extremely grateful that he has chosen to put his trust in us.

“Marcus has invested considerable money, time and energy in Ipswich Town. His decision to waive much of the Club’s outstanding debt is one that deserves the gratitude of every single Ipswich Town fan.”

Three Lions member Brett Johnson added: “The Three Lions have considerable experience in commerce and marketing, and in the medium-term plan to increase revenue at the Club.

Advertisement. Scroll to continue reading.

“But the short-term priority has to be the playing side, and we are committed to improving that, all the way from the Academy to the first-team.”

Evans confirmed the writing off of ‘a portion’ of Ipswich’s historic debt having put £100m into the club since buying it in 2007.

Paul Cook's side are three points outside the League One play-off places


Paul Cook’s side are three points outside the League One play-off placesCredit: Alamy

In that time, Town have dropped from the Championship to League One, where they sit eighth.

Evans stated: “The fund has deep pockets, but by the nature of a pension fund will be fiscally responsible in the use of those funds.

“In order to meet its investment responsibilities, it will need to invest to secure Premier League status, and it has already committed to making substantial investment in both the Club’s playing squad and infrastructure.

Advertisement. Scroll to continue reading.

“I had always wanted to take the Club myself to the Premier League and sadly, for too short a window, at one time this had seemed possible.”

Read our Football live blog for the very latest news from around the grounds

Source link

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

AC Milan

With two days to go until AC Milan take on Napoli at the Stadio Maradona, some more news has emerged regarding the team that...


1:17 PM BST Barcelona have acknowledged they are in contact with Lionel Messi about bringing him back to the club when his contract with...


Spain’s national team has once again left out the 15 rebel players for their last two warm-up games ahead of the Women’s World Cup...


JAN VERTONGHEN believes putting former players in executive roles is the way forward for Premier League clubs like Spurs. The ex-Tottenham defender envies former...