A US private equity firm has reportedly made a £28m bid to buy Derby County out of administration.

The news emerged just hours before the Rams fell to a 2-1 defeat to Nottingham Forest at the City Ground amid a deepening crisis that could see the club liquidated if administrators from Quantuma fail to prove the club can be funded past the end of January.

The news will be a fillip to Derby County fans after tensions rose last Thursday evening between Quantuma, the administrator appointed to try and find a buyer for Derby County, and the EFL, which appears to be running of of patience over the affair.

Read more: The Business Desk