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Rams new owners struggling to meet takeover payments

Last updated : 15 July 2008 By Rams Mad Editor

Tom Glick
Tom Glick CEO and running the English side of the American takeover of the Rams
A sensational report in today's Daily Mail on-line reveals that Derby County may be reverting to its former owners after the Andy Appleby-Tom Glick consortium may be struggling to fund the second part of the takeover payment according to the Mail's Charles Sale.

Here is the article:

"Derby County, relegated from the Barclays Premier League last season, are another club where an American takeover has proved anything but the answer to fans' dreams.

Their US owners, led by chief executive Tom Glick, have failed to put half the £50million promised into the club, which will revert back to the previous owners if payments are not made by the end of the month.

The shadowy consortium, hit by the credit crunch, do not appear to have the cash and treat Derby as self-financing".

Andrew Appleby
Andrew Appleby Club President but resident in the USA,with only two visits to Pride Park on matchdays since the reported takeover. Have the Rams been yet again led up the garden path by promises of money and financial stability?
Have Derby County's new American owners failed to pump in the required cash which was part of their take-over bid or is this just press speculation from Charles Sale of the Daily Mail on-line?

The implications could be serious and far reaching for the club and their hopes of a swift return to the Premiership.

Fans are now speculating that this is a reason for no large transfer fees being paid to replace players surplus to requirements. It is starting to look as though the money raised from sales of Rob Earnshaw, Kenny Miller etc may be the only cash available to Paul Jewell to create a squad capable of competing in the Championship

The clubs refusal to be "held to ransom" over the fee for Ferrie Bodde from Swansea adds further weight to the rumours of the Rams not being able to afford to pay or attract the big money players fans had been promised.

The club has yet to comment on the report but it will be interesting to see if financial worries have again returned to Derby County...