Derby County’s proposed takeover by Spanish businessman Erik Alonso has REPORTEDLY been called off.

Alonso’s No Limit Sports Limited company agreed a deal in principle to buy the club on April 7, but has since been unable to complete the transaction.

The latest developments will come as a big blow to Rams boss Rooney
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Speaking to talkSPORT earlier this week, Alonso vehemently denied claims the deal was dead in the water.

“That is not true, we will go ahead with the takeover,” Alonso said, speaking exclusively to Jim White and Simon Jordan.

Asked why there had been doubt about the takeover, the Spanish businessman added: “I don’t know, we continue and go ahead.”

This is a breaking news story. More updates will follow shortly.

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