Joint administrators from business advisory firm Quantuma have been appointed to Derby County Football Club, it has now been confirmed.
According to the Derby County owners, the decision to appoint administrators has been made as the process to identify a purchaser for the club would not be productive over the near term, with Covid-19 having a “severe” impact on the revenues and profits of all their businesses.
As a result, the EFL has confirmed that the Championship club now faces a 12-point deduction.
Andrew Hosking, Carl Jackson and Andrew Andronikou, managing directors of Quantuma, have been named as joint administrators.
Hosking said: “Covid-19 has had a significant impact on the finances of the club and its long-term ability to continue in its current form.
“We recognise that with the commencement of the 2021/22 season last month, this news will be of concern to stakeholders and fans, in addition to the city of Derby and the wider football community.
“We are in the early stages of assessing the options available to the club and would invite any interested parties to come forward.
“Our immediate objectives are to ensure the club completes all its fixtures in the Championship this season and finding interested parties to safeguard the club and its employees.”