Rams to go into administration if takeover bids fail

Last updated : 02 September 2002 By
Pickering to step down as Chairman?
Rams to go into administration if takeover bids are not accepted today (Monday 2nd September).

BBC Radio Derby today announced that the Rams board would today think over the two bids to take over Derby County Football club.

The bids are from or include ex directors of the club Peter Gadsby and Richard Kirkland and a second bid that includes Stuart Webb. The actual sum involved has not been released but is said to be in the region of £15million.

Rams Chairman Lionel Pickering is also expected to stand down from his position with the club when one of the bids is accepted.

Are Gadsby and Kirkland heading back to Pride Park?
Should neither bid be accepted Derby County Football Club will then be placed in administration to try and sort out the rumoured £30million debt the club finds itself with.