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Derby County’s proposed buyout as negotiations with potential owner Erik Alonso dropped

The takeover proposed by Derby County by Spanish businessman Erik Alonso has been canceled.

Alonso’s No Limit Sports Limited reached an agreement in principle to buy the club on April 7, but have since been unable to close the deal.

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Speaking to talkSPORT earlier this week, Alonso vehemently denied claims the deal was dead in the water.

“This is not true, we will move forward with the buyout,” said Alonso, speaking exclusively to Jim White and Simon Jordan.

Asked why there was doubt about the buyout, the Spanish businessman added: “I don’t know, we are continuing and moving forward.”

This is breaking news. Further updates will follow shortly.

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