Derby owner Clowes is in talks with new Saudi investors with a budget of more than £300 million.

David Clowes, the owner of Derby County, has discussed selling a majority ownership in the Championship team with unidentified possible investors.

In the summer, the Derbyshire real estate mogul told BBC Radio Derby that he might be amenable to acquiring new investors to support the team’s hopes of making a comeback to the Premier League.

The Daily Telegraph stated on Tuesday that if a credible offer were to come in, Clowes would think about selling up to 80% of his share.

A source close to the club confirms that “several interested parties” have looked into investing in the Rams, although BBC Radio Derby claims that no potential transaction is imminent.

“David Clowes made it clear from the moment he took control of the club that he was open and willing to discuss external investment as long as that investment aligned with the club’s existing business model and principles,” a source said on BBC Radio Derby.

Clowes, a lifelong Rams supporter who removed the team from administration in 2022 and has always seen himself as a “reluctant” owner, has expressed a desire for a “long-term” relationship with the team.

It is known that if a future agreement is reached, Clowes would like to continue serving as chairman.

After two seasons in League One, Derby fell to the third division due to financial difficulties, and this is their first season back in the Championship.

When Clowes took over, the team, which was one of the original members of the Football League in 1888, was just one week away from going bankrupt.

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