Derbyshire property business Clowes Developments purchase Pride Park stadium
Derbyshire property business Clowes Developments have announced they've purchased the company that owned Pride Park stadium from former Derby chairman Mel Morris.
As well as this, they've issued a loan to the club to enable them to start the new season.
Clowes have confirmed they will submit a bid to purchase Derby County today.
David Clowes, Chairman of Clowes Developments (UK) Ltd lead the negotiations and said on the companies website:
"With a deadline looming and the start of the next season getting closer, we needed to do something.
"As a local and established property Company, purchasing the stadium seemed the obvious first step. Secondly, as a proud Derby supporter, it was inconceivable to me that the Club was at risk of falling away. We’ve worked tirelessly behind the scenes on the stadium purchase and loan agreement to be able to get the Club going again in time for the next season.
"Players, staff and fans needed some good news, and we are delighted to play a part in delivering that.
"As a long-standing loyal supporter, I am personally delighted that we are in a position to be able to secure the future of the football Club. This is a very proud and humbling moment for Clowes Developments. "