UK time is: 16:19:24
Vital Login
Social Login

Choose your club

Other Sites

Network Navigation

Vital Partners

'If It's Football, It's Vital'

Bank move to take control of club

Derby County's bank, the Co-Op, have filed a document, which in effect could see them take charge of the football club and sell it to whoever they wished to.

A document known as a ‘legal charge' has been filed against Sharmine ltd, the company set up by the current directors when they took charge of the Rams in 2003. The document allows the bank to seize the shares of Sharmine and transfer ownership of the club. The new owners though would still have the £42 million debt; but the club would not go into administration and lose no points, as per the football league rules



It has also been sugested that the Bank have also rejected the initial proposed investment by SISU

Neither the Co-Op nor anyone at Derby County has been available for comment.




Use your social login to comment on front page articles. Login using you Facebook, Twitter, Google or LinkedIn accounts and have your say!


Click here to join in the debate on the club forum.

The Journalist

Writer:  Mail feedback, articles or suggestions

Date:Thursday March 9 2006

Time: 1:04PM

Your Comments (oldest first)

Change to most recent first
You cant be losing points can you.
FEn_100
Report Abuse
30/04/2006 23:14:00

 

Have Your Say

Log in...
with your social network     OR     with your Vital account

Recent Derby County Articles

McClaren Delighted With Bent (Thursday January 29 2015)

McClaren Pleased With Blackburn Patience (Wednesday January 28 2015)

Rams In For Ince? (Wednesday January 28 2015)

Shotton - Exactly What We Needed (Wednesday January 28 2015)

Russell Out For Six-Weeks! (Wednesday January 28 2015)

Derby MotM v Blackburn? (Wednesday January 28 2015)

Bent At The Double (Tuesday January 27 2015)

Rotherham Game Re-arranged (Tuesday January 27 2015)

Archived Derby County Articles

List All Vital Derby Articles
Have your say
Click here to suggest an article
Click here to suggest a poll

Vital Members League (view all)

1. diddyram 2

League Results (view all)

League Table (view table)

Team P W D L GD Pts
1. Bournemouth 26 15 6 5 +30 51
2. Derby County 27 15 6 6 +25 51
3. Ipswich 27 14 8 5 +19 50
4. Brentford 27 15 4 8 +8 49
5. Watford 27 14 5 8 +25 47
6. Middlesbrough 26 13 8 5 +23 47
7. Wolves 27 12 8 7 -2 44

Breaking League News

O'Grady's In Hughton's Plans
» Brighton : 29/01/2015 16:13:00
Royals midfielder told to find new club
» Reading : 29/01/2015 16:07:00
Chansiri completes Wednesday takeover
» Sheff Wed : 29/01/2015 14:37:00
Ivan Ramis Heading For Levante
» Wigan : 29/01/2015 14:19:00
Injuries Threaten To Derail Bolton's Progress
» Bolton : 29/01/2015 14:00:00

Current Site Poll (view all polls)

Blackburn MotM
Suggested By:  
Grant 3%
Shotton 9%
Keogh 4%
Buxton 0%
Forsyth 0%
Hendrick 0%
Mascarell 23%
Hughes 57%
Dawkins 0%
Martin 0%
Ward 0%
Sub:-Bent 4%
Sub:-Bennett 0%