Derbyshire property firm denies it is buying Pride Park Stadium

Derbyshire property firm Clowes Developments has denied reports that they are close to signing a deal to buy Pride Park stadium. Reports have suggested that the property developers could be set to purchase Pride Park stadium and rent it to Derby County football club.

The Athletic has reported that Clowes, who was originally linked to reports of buying the club, may be happy to buy the stadium and rent it to Chris Kirchner on “generous terms”. If a deal with Clowes is completed, it would finally put an end to the long and drawn-out process surrounding the sale of the club.

Derbyshire Live contacted Clowes Developments which said the reports were false. Managing Director Ian Dickinson said: “I haven’t heard anything about it and have no idea what you’re talking about. Things get spread online that sometimes aren’t true.”

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The stadium, which is currently owned by Mel Morris, was one of the conditions set out by the club’s administrators as he exchanged contracts for the sale of the club. If the sale of the stadium can be closed, it would mean Kirchner was one step closer to becoming the new owner of the club.

Kirchner exchanged contracts for the sale of the Rams with the club’s administrators Quantuma, conditional on the sale of the stadium, as well as EFL approval and receiving secured creditor consent. The EFL Board has given its conditional approval, with final approval subject to Kirchner “completing on the Asset Purchase Agreement and a deal being finalised in respect of a lease on the stadium by 31 May 2022”.