Derby doomed

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It cost him £1.6m I believe, a non-returnable payment, an expensive way to time waste.
He tried to transfer £1.6m to pay Mays wages, however the banks anti money laundering checks prevented it arriving, so a third party paid in the end John. That's my understanding. He would have no doubt incurred some losses though. A right mess.
 
Administrators running Derby County are seeking a short-term loan to pay the wages of staff for June.

The money would also be used to help put season tickets on sale for 2022-23 and sign players, although they are still subject to a transfer embargo.

In their statement, joint administrators Carl Jackson and Andrew Hocking said: "Before a sale is finalised, there is an immediate requirement to secure the short-term future of the club, to allow players to be signed, issue season tickets for sale and to secure commercial agreements, as well as our best intentions to bring the uncertainty for staff and supporters to an end as soon as possible."

The statement continued: "We are having extremely positive and productive discussions with interested parties in relation to the short-term requirements and are confident of those discussions leading to a sale thereafter which will secure the club's long-term future.

"We do not, however, believe that imposing 'hard deadlines' are the answer at this stage."

'Not the luxury of time'
The administrators are looking for bidders who will pay football creditors in full, pay at least 25p in the pound for other creditors and have proposals regarding Pride Park stadium, which the club does not own.

Proposals offering less than 25p in the pound for other creditors will also be considered, but this would result in a 15-point penalty being imposed by the English Football League.

Derby were relegated from the Championship last season after having 21 points deducted for going into administration and breaches of financial regulations.

The statement added: "All interested parties know that it is in their interests to be in situ as soon as possible in order for them to put together a competitive playing squad and secure valuable commercial contracts whilst giving staff and fans certainty for the future.

"The club does not have the luxury of time, and so, even without hard deadlines, the club's future must be secured very soon."

The administrators say they are in daily contact with the EFL to update them on progress after the governing body said earlier this month that they wanted to be more closely involved in the search for a buyer.

https://www.bbc.co.uk/sport/football/61865768