Exclusive: Derby County administrators asked to show proof of funds by EFL

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Derby County’s finances are under further scrutiny after the Football League requested proof of funds for the season.

Quantuma, Derby’s administrators, have been asked to provide evidence they have the cash to operate for the remainder of the campaign, in order to fulfil the club’s fixtures.

Manager Wayne Rooney is waiting for the green light on a preferred bidder to buy the club but the latest development, at Thursday’s EFL board meeting, will increase the pressure on Quantuma to complete a sale.

Former Newcastle owner Mike Ashley is considering a takeover bid, while a party fronted by former Wolves chief executive Jez Moxey, including former Derby chairman Andrew Appleby, have already submitted an offer. 

With the prospect of cash-flow running out unless a sale is agreed, Quantuma must demonstrate to the EFL that there is enough finance to keep the club running for the final four months of the season.

Any party buying the club will also have to take on the compensation claims from Middlesbrough and Wycombe, which are said to be a “major problem”.

As reported by Telegraph Sport earlier this week, a number of Championship clubs are understood to be furious that Derby have turned down offers for players.

Millwall have seen bids rejected for attacking midfielder Louie Sibley, while there have been approaches from Premier League clubs for defender Lee Buchanan.

Though Derby insist the bids were “derisory”, the EFL has come under pressure to take action.

Until Quantuma can provide evidence to the EFL, it is understood that Rooney will not be able to make any signings or register players.

Phil Jagielka, the former England international, is out of contract after Saturday’s game against Sheffield United and Rooney cannot register him until proof of funds are delivered.

Rooney revealed on Thursday that striker Sam Baldock will leave the club when his short-term deal expires next week.

Derby have been in administration for almost four months and are currently bottom of the Championship table.

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