US billionaire puts £30m into Derby
Derby County have received a major cash injection borrowed against the club’s assets from a New York investment bank belonging to American billionaire Michael Dell.
Dell is the owner of MSD Capital and records at Companies House confirm a loan – believed to be in the region of £30 million – was registered last week. The Daily Telegraph understands it is the second loan agreed with Derby chairman Mel Morris, who has been seeking funding for two years.
He previously held talks with Henry Gabay, a London-based businessman, but a deal has stalled due to a number of factors including the sacking of former club captain Richard Keogh and an English Football League charge for breaking spending rules in January.
Dell was partly involved in a potential takeover at Sunderland last year, with three investors from MSD Partners instead loaning £12 million to the holding company of club owner Stewart Donald.