An American consortium has successfully completed a takeover of Barclays Premier League basement club Derby.

Chairman Adam Pearson has been working on the multi-million deal since he took charge of the Rams at the end of October.

Negotiations have been in the balance, with Pearson unsure just a month ago as to whether a buy-out would take place or fall by the wayside. But it is understood the group will take on the club´s £25million debt, as well as provide boss Paul Jewell with significant funds in the summer.

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