Erik Alonso’s potential takeover of Derby County collapses

Spanish Businessman Erik Alonso’s proposed takeover of Derby County has been called off.

Erik Alonso’s company No Limit Sports Ltd had reached an agreement to purchase the Derby County from current owner Mel Morris on the 7 April, however just over a month on from the initial agreement, the East Midlands based club have announced that they will not be proceeding with the takeover by No Limit Sports.

Derby’s CEO Stephen Pearce has told supporters that “the transaction is no longer under consideration” after “subsequent developments.”

‘In respect to the agreement with No Limits Sports Limited, this transaction is no longer under consideration,’ said Pearce.

‘An announcement was made in April that a deal was agreed between Mel Morris and No Limits Sports Limited, but subsequent developments mean the deal is no longer an option.

Mel Morris had previously been in talks with Abu Dhabi-led consortium Derventio Holdings last November, only for the reported £60 million pound takeover to fall through.

Rams CEO Stephen Pearce has confirmed that the Mel Morris is still holding talks with “credible parties” over a takeover of the Derby County.

‘However, Mel Morris is in touch with a number of credible parties in respect to purchasing both the football club and Pride Park Stadium.

‘Due to confidentiality reasons, we cannot expand on this information at this time in terms of the identities and complexities of the discussions, but should we be in a position to share more details then we will do so.’

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