Home Championship Derby County confirm Abu Dhabi royal Sheikh Khaled is on verge of completing £60m takeover

Derby County confirm Abu Dhabi royal Sheikh Khaled is on verge of completing £60m takeover

by Football Frenzied

BREAKING NEWS: Derby County confirm Abu Dhabi royal Sheikh Khaled – cousin of Manchester City owner Sheikh Mansour – is on verge of completing £60m takeover after getting EFL approval

  • Sheikh Khaled bin Zayed Al Nehayan is on the brink of completing his takeover 
  • Sportsmail revealed on Thursday the EFL had given their blessing to the deal
  • The proposed deal would bring to an end to owner Mel Morris’ five-year reign 

Sheikh Khaled bin Zayed Al Nehayan is on the brink of completing his takeover of Derby, the Championship club confirmed on Friday.

Sheikh Khaled, a senior member of the Abu Dhabi Royal Family and a cousin of Manchester City owner Sheikh Mansour, is ready to take control of the club – who are captained by England’s record goalscorer Wayne Rooney – from owner Mel Morris after the EFL gave the green light to the deal.

Sportsmail revealed on Thursday that the governing body had given their blessing to the agreement.

Derby are on the verge of being taken over by Abu Dhabi royal Sheikh Khaled bin Zayed Al Nehayan

A statement from Derby read: ‘These talks progressed to the point where a deal has, in principle, been agreed between the two parties. 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, whose 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 expected to close very soon.’

The proposed £60million deal would bring to an end Morris’ five-year reign, though he would be expected to stay on as a consultant.

Morris has been looking for outside investment for much of his reign as the club failed to win promotion to the Premier League, which would have brought greater riches.

In a further twist, Cocu, Morris and chief executive Stephen Pearce are self-isolating after Pearce tested positive for Covid-19. The trio had been holding meetings on Thursday.

Derby players do not expect Cocu to survive the international break, and many were expecting Saturday’s clash to be his final game.

Under Cocu, Derby have won only won of their opening 10 matches in the Championship and are 23rd in the table. They would be bottom had Sheffield Wednesday not been handed a points deduction prior to the campaign.

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Source: DailyMail

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