Derby owner Mel Morris could be prepared to sell Derby for just £1 as he seeks a buyer for the Championship club.

That's according to the Times, who claim that the Rams chief is focused on having his debts repaid through a sale, which will be in excess of £95m.

The report explains how in 2017 Morris lent the holding company who own Derby, Sevco 5112, £95 million in loans, whilst they're also estimated to be losing around £2m a month now, which is why that figure will be far greater.

Therefore, they say Morris is willing to not hold out for a fee for the club as the buyer will be taking on those debts.

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The Rams have been agonisingly close to winning promotion under Morris in the past but they always seem to fall at the final hurdle.

He has invested over £160m into the club and has lost money for nine consecutive years in the pursuit of Premier League football, with Derby still having one of the biggest wage bills in the league.

So, he is keen to get out and the Times add that there has been interest from the US and the Far East recently, although no formal bids have been made.

The Verdict

This makes sense from Morris and obviously it's misleading as anyone who does buy Derby will have to pay those debts.

Nevertheless, it's a nice gesture and shows he is genuine and just wants to sell the club after years of investment.

He's done a lot for Derby in that time and who knows what will happen if Frank Lampard can pull of promotion this season.

Thoughts? Let us know in the comments below.