A trio of managing directors at business advisory firm Quantuma have been appointed as joint administrators of Derby County Football Club.
The Sky Bet Championship side is one of 12 founder members of the Football League in 1888, and is currently managed by Wayne Rooney.
However, the “significant impact” of Covid-19 has resulted in the club appointing Andrew Hosking, Carl Jackson, and Andrew Andronikou as it enters administration.
Following the announcement, Derby have been docked 12 points in the Championship, sending the six points adrift at the bottom of the table.
Hosking said: “Covid-19 has had a significant impact on the finances of the club and its long-term ability to continue in its current form.
“We recognise that with the commencement of the 2021/22 season last month, this news will be of concern to stakeholders and fans, in addition to the city of Derby and the wider football community.”
He added: “We are in the early stages of assessing the options available to the club and would invite any interested parties to come forward.
“Our immediate objectives are to ensure the club completes all its fixtures in the Championship this season and finding interested parties to safeguard the club and its employees.”