Report: American consortium buys Derby
DERBY, England -- An unidentified American consortium reportedly has bought English Premier League club Derby County.
Britain's Press Association said late Friday that the multimillion deal has been completed and will be announced in Saturday's matchday program ahead of a news conference Monday.
"This new investment will establish the Derby County brand worldwide through successful alliances with sporting teams in the USA, the Far East and Africa," Derby chairman Adam Pearson said in the program for Saturday's FA Cup fourth-round match with Preston. "The key aim is to continue to build the infrastructure of the club at Pride Park and obviously develop a squad which is renowned as a Premier League force.
"This will add new financial firepower to the squad."
The Rams are in last place, having won just once in 23 games, and almost certainly will be relegated to the League Championship division at the end of the season.
The report said the investors will assume debt totaling $49 million. Derby would be the fourth Premier League club owned by Americans, joining Manchester United, Liverpool and Aston Villa.