American businessman Chris Kirchner has failed to meet a deadline to prove he has the funds to complete a takeover of Derby County, administrators have confirmed.
The Rams have been in administration since September 2021 and Kirchner was named as preferred bidder on 6 April.
Friday's 17:00 BST deadline has now passed and administrators Quantuma are talking to "other interested parties".
The English Football League has called for clarification of "how they plan to take the club out of administration".
An EFL statement continued: "As previously communicated, the league is incredibly frustrated at the time it is taking to conclude this sale.
"With the league just two weeks away from announcing its 2022-23 fixture list, it urgently requires a clear understanding of how the club will be funded moving forwards, be that through the administrators or under new ownership."
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