Vital Football

Latest Derby County News

Bank move to take control of club

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.


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

Writer:
Date:Thursday March 9 2006
Time: 1:04PM

Comments

0
You cant be losing points can you.
FEn_100
30/04/2006 23:14:00
Page 1/1
  1. 1

Login to post a comment

Recent Derby County Articles

Officials - Middlesbrough v Derby County (25/11/17)

The Football League have now announced the Match Day officials that will take charge of the game between Middlesbrough and Derby County this Saturday.

MotM v. Fulham - Matej Vydra

Matej Vydra was voted Man-of-the-Match by Vital Derby readers for the 1-1 draw With Fulham on Saturday evening.

Join Vital Derby!

Why not join Vital Derby! With news and views, along with a forum, polls and article comments, everything you need in a fans site is right here!

Rams Ease To Rangers Win

Tom Lawrence`s first goal in a Derby County shirt helped them to a straight forward 2-0 victory over Queen Park Rangers at Pride Park last night. After an uneventful first half Andreas Weimann esca

Archived Vital Derby Articles

Vital Derby articles from