Ex-Newcastle owner Mike Ashley plotting Derby County takeover amid struggles

Controversial former Newcastle owner Mike Ashley is looking to launch a takeover bid for Derby County.

The Championship side are rooted to the bottom of the table with a 21-point deduction and are in need of financial support.

The Rams are understood to have had discussions with Quantuma, the business advisory firm attempting to find a way out of their predicament.

They have had several interested parties come forward – including a group headed Jez Moxey, working on behalf of General Sports Worldwide – but now the Telegraph have exclusively revealed that tycoon Ashley is in the running for the Midlands club.

The Sports Direct founder had just last October sold Newcastle for £300million to a consortium consisting mostly of Saudi Arabia's Public Investment Fund, putting an end to his 14-year tenure in the northeast.

Derby manager Wayne Rooney was given the go-ahead to make signings by the Football League, but they will have to be free transfers or low-cost loans, as per the rules of the embargo they are under.

For foremost, Manchester United’s highest all-time goalscorer wants to tie down Phil Jagielka and Sam Baldock to contract extensions.

Do you see Mike Ashley saving Derby County? Tell us in the comments section.

Don't miss a thing with our football updates!

Want to be on the ball with all of the latest football news?

Well then sign up for the brilliant Daily Star football email newsletter!

From the latest transfer news to the agenda-setting stories, get it all in your email inbox – don't miss a thing.

How do you sign up?

It only takes a matter of seconds.

Simply type your email address into the box at the top of this article and hit 'subscribe'.

And that's it, job done. You'll receive an email with all of the top news stories every single morning.

You can find out more information on our email newsletter on this link here.

Rooney said via The Telegraph: "I am allowed to re-sign players which we are underway with and I am close to bringing a player in as well. Hopefully it will get announced soon.

"The positive thing for me is the questions I have asked about what I can do with the squad have been answered from my point of view, so I have to get on with my work.

"The big thing is being allowed to bring a player in, which I am working on. Hopefully I can have that done very soon."

Source: Read Full Article