US billionaire in talks over investing in a Championship club after snubbing Sunderland, according to reports.
Derby County is in talks with Michael Dell, who is the founder and CEO of computer technology company Dell Technologies and is said to be worth a massive $31 billion.
That lists him as the 25th richest man in the world on the Forbes list – with his wealth even higher than Manchester City owner Sheikh Mansour at £23.3bn.
MSD Capital, a private investment firm, and Derby are discussing a number of financial arrangements, which could include a significant loan, investment or takeover.
Talks are believed to have been ongoing for a number of months as Derby continues its search for additional investment.
Dell was previously part of a group interested in a takeover of Sunderland, and had ben set to be come a minority, passive shareholder. But takeover talks ultimately stalled and interest has dropped.
— Derby County Live (@dcfc_live) March 23, 2020
Derby’s current owner Mel Morris has been ‘seeking additional funding for over two years and was previously in talks with Henry Gabay, a London-based businessman, but a deal has stalled due to a number of factors including the sacking of Richard Keogh and the EFL charge.’
An investigation is currently looking into the deal which allowed Derby’s current owner Morris to buy their Pride Park stadium as the EFL state Derby “recorded losses in excess of the permitted amounts provided for in EFL regulations for the three-year period ending 30 June 2018.”
The Rams has been promoted to the Premier League twice, the last time in 2007 for just one season in which the team won just one of 38 matches before being re-relegated back to the second tier, where the club has been since.
Dell will obviously invest in the club with possible Premier League promotion in mind as his investment would be a lot lower initially and if Derby were able to go up, a cash windfall of over $190 million would arrive.
Fans reacted to reports the US billionaire is in talks over investing in a Championship club…
— Allers™️ (@Allers27) March 23, 2020
— ? (@_Bish___) March 23, 2020
— Sprosington (@sprosaaaman) March 23, 2020
Dell now looking to buy Derby…watch them race up the league now and we'll always wonder how it could have been
— Steve Parkinson ?? (@SteveP1986) March 23, 2020
You couldn't make it up wtf…
— KTF ?⚪ (@SafcLamb60) March 23, 2020
Someone dropped the ball. SD?
— SAFC North Yorkshire (@SAFC_NYorkshire) March 23, 2020
I would say it's good news, he's a credible billionaire, knows how to run a business with experience within the sports industry. Last of all and more importantly he's wealthy as fuck! ?
— Nav Sidhu (@NavrinSidhu) March 23, 2020
Michael Dell in talks 2 buy Derby. He believes he can take them 2 the lap-top of the football world, or at least the Championship.
— SfE (@seanfromenderby) March 24, 2020
— Micky Lawson (@Micky_A_Lawson) March 23, 2020
All for it! Get that money in and get this club rolling. pic.twitter.com/WVNNSXsRK7
— Nacho Daddy (@PonusHoribilus) March 24, 2020
Absolutely want for all the obvious reasons. Very wary for all the obvious reasons. ?♂️ If it DOES happen – has absolute incredible potential..
— THE Lewis Howkins (@Lewis_Howkins) March 23, 2020