Crucial creditors update is expected shortly

DERBY County’s administrators have spoken with the club’s creditors and an update on the meeting is set to be uploaded to Companies House.

The club’s Companies House file shows that a file named “result of meeting of creditors” is being uploaded and is due in 10 days.

It is unlikely it will take as long as that for the document to be processed with other uploads from the administrators, like last month’s statement of affairs, becoming available sooner than 10 days.

The meeting is crucial for the Rams, who are believed to owe football and trade creditors around £15m, plus £26m to HM Revenue and Customs and £20m to MSD Holdings.

Negotiating a deal with HMRC is key to ensuring Derby, who were put into administration by owner Mel Morris nearly three months ago, do not go into liquidation.

Representatives from the club’s administrators, Quantuma, are due to meet with supporters’ clubs tomorrow.

As it stands, only American businessman Chris Kirchner has gone public with his intent to buy the club.

He was spotted at the 2-1 defeat to Queens Park Rangers at Pride Park at the end of last month and was also at the Luton Town game.

The club’s administrators have set themselves a deadline of the end of January to seal a successful takeover of the club.

“We are continuing to make good progress and are seeking to complete a sale of Derby County Football Club in late January 2022,” Quantuma representative Carl Jackson said in their most recent update last week.

“This is subject to the successful outcome of negotiations with key stakeholders and interested parties which has always been the case.”