Former Newcastle United 'buyers' in bid to rescue Derby County as American takeover of Championship club eyed

Garry Cook is said to the man behind an American takeover bid at Championship club Derby County.

Sunday, 30th May 2021, 11:22 am

Back in 2018, Cook reportedly fronted a US-based consortium who was said to be willing to meet Mike Ashley s £300million asking price for the Magpies.

But the deal did not come to fruition with Ashley remaining on Tyneside today despite his best efforts to sell the Magpies.

Cook, formerly of Manchester City, is in talks with Rams owner Mel Morris, with the Championship club’s financial problems well-documented.

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CARDIFF, WALES - SEPTEMBER 27:  Derby chairman Mel Morris looks on before the Sky Bet Championship match between Cardiff City and Derby County at Cardiff City Stadium on September 27, 2016 in Cardiff, Wales.  (Photo by Stu Forster/Getty Images)
CARDIFF, WALES - SEPTEMBER 27: Derby chairman Mel Morris looks on before the Sky Bet Championship match between Cardiff City and Derby County at Cardiff City Stadium on September 27, 2016 in Cardiff, Wales. (Photo by Stu Forster/Getty Images)

A report in The Sun states that Morris has debts to pay to the taxman, former players and staff.

Morris is also said to owe £17.5million to MSD Holdings.

Cook’s team will have to resolve the financial problems in advance and show they have funds to keep the EFL happy.

The Rams face points penalties for FFP breaches but a new owner could help an appeal.

Wayne Rooney’s side avoided relegation to League One on the final day of the season.

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