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Pinsent Masons advises on Derby sale

Club was acquired by Derbyshire-based property group Clowes Developments (UK)

Pinsent Masons advised Quantuma, the administrators of Derby County FC, on the sale of the club to Derbyshire-based property group Clowes Developments (UK) for an undisclosed amount.

The Pinsent Masons team was led by partner Steve Cottee (pictured).

The transaction sees the club exit from administration and incorporated into the same ownership structure as its stadium, Pride Park.

The joint administrators from Quantuma were Andrew Hosking, Carl Jackson and Andrew Andronikou.

Jackson said the deal “secures the long-term future of the club, and represents the very best outcome for creditors”. He continued: “I would like to express my sincere thanks to the club’s staff players and the fans for their loyalty, and patience, as they supported the club through the administration.”

Hosking added: “The level of complexity involved in bringing this matter to a conclusion has been unparalleled and we are grateful to all stakeholders and their advisers, for their hard work which has enabled us to overcome a magnitude of challenges, and allow the rescue of this historic club. This deal represents a real milestone in the long and illustrious history of Derby County, and one which marks the end of the uncertainty experienced by supporters and the wider community whilst the club has been in administration and also importantly is one which complies with the EFL insolvency policy and provides the best return for creditors. It signifies a new beginning for the blub, and it enables it to move forward into the new season with a clean slate, under local ownership under the stewardship of Clowes.”

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