The EFL has delayed an emergency meeting to decide on the future of Championship club Derby County after positive developments. The club is facing liquidation in case a buyer is not found with three suitors reluctant to take over due to legal action by Middlesbrough and Wycombe Wanderers. The administrators were asked to show proof of funding after the club was forecast to run out of cash next month.
“Following positive developments over the course of the weekend, a proposed meeting involving the EFL and political stakeholders to discuss the ongoing challenges at Derby County set for later today has been postponed to allow for additional progress to be made by the administrators,” the EFL said in a statement about a proposed emergency meeting with Derby County. “It is now expected that the league and the administrators will sit down in the next 24 hours as we seek to resolve the outstanding issues to the satisfaction of all parties.”
“We’re willing to work night and day to find a solution to this to cut through the noise, to cut through the problems, but we do need that preferred bidder identified so that we’re all talking realities and practicalities,” Football League chairman Rick Parry said. “We can roll our sleeves up and get deals done and get solutions. The clubs involved are prepared to sit around the table. It isn’t a case of the guillotine will fall and that will be it” after February 1 if administrators are unable to show proof of funding. February 1 is the next point but that’s in response to the indications that we’re going to run out of money.”