Derby County: Binnie family say club has ended talks with them

One of the long-term interested parties to buy Derby County say the Championship club's administrators have ended discussions with them after they decided their latest offer was too low.

The Binnie family believed there were no other offers on the table when they submitted their latest offer on Monday.

The purchase of the club and Pride Park stadium was included in the figure.

The sum was submitted in order to reflect the reduced status of Derby after the sale of players during the January transfer window and the club will be hit with a 15-point deduction next season for failing to pay 25% of what they are owed.

The administrators said no to the bid after a 72 hour window.

Adam Binnie said that they increased their offer to 30 million for Derby as a whole.

We had been working behind the scenes to purchase the club since June.

We worked incredibly hard to buy the club. The administrators told us that they no longer wanted to speak to us unless we increased our offer.

Qunatuma are still looking for around 50 million dollars, which includes the stadium. Morris borrowed money from a finance company in the US to help fund the club.

The Binnie family do not believe that the financial state of the club warrants such an expenditure given that more is needed to be spent on Wayne Rooney's squad.

If they were to be demoted, the club would face a reduction in central payments from the English Football League.

A group headed by former Derby chairman Andy Appleby has been linked with the club.

It is not known whether they are still active but the latest development is bound to be a huge concern to fans, who have long feared for the future of one of England's oldest clubs.

Wayne Rooney and his team and the Derby fans have been a credit to this great football club and do not deserve the suffering that is being imposed on them.

They aren't responsible for the issues of the past. The wrong people are being punished.

The status of the preferred bidder was one of the issues that Quantuma was asked to provide an update on.