Derby County has agreed a takeover deal with United Arab Emirates’ businessman Sheikh Khaled bin Zayed Al Nahyan.
The English club, which plays in the Championship, the tier below the English Premier League, said on Friday that it has agreed a deal in principle to sell the club to Derventio Holdings (UK), an entity ultimately controlled by Sheikh Khaled, a relative of Abu Dhabi’s ruling family which controls Manchester City. Derby County did not give financial details of the deal.
The sale of the club by Mel Morris, a local entrepreneur known for his investment the makers of the Candy Crush video game, to the Emirati underlines the changing profile of the owners of English football clubs.
The English Football League, which runs the three divisions below the Premier League, has approved Derventio under its ownership test, Derby said, adding the deal was expected to close “very soon”.
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