Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Company part-owned by Wayne Rooney’s agent insists no rules broken over loan

The FA is investigating a loan made to cover Derby’s wage bill in May (Richard Sellers/PA)
The FA is investigating a loan made to cover Derby’s wage bill in May (Richard Sellers/PA)

The company part-owned by Wayne Rooney’s agent Paul Stretford has insisted no rules were broken when it provided a loan to cover Derby’s wage bill last month in a bid to help Chris Kirchner complete his failed takeover.

The Football Association has launched an investigation after it emerged the Triple S Group provided a loan, worth around £1.6million, to cover May’s payroll at a time when the American businessman said he was waiting for funds to process through the international banking system.

Kirchner, who had been named by Derby’s administrators as the preferred bidder on April 6, subsequently saw his bid collapse on June 13. Rooney, who was manager of Derby when the loan was made, left the club last week after a meeting with administrators Quantama on Friday.

Stretford, 64, is one of the most influential agents in football and has represented Rooney since the former England captain was a teenager. He is the managing director of Triple S, and his family owns a minority stake in the company.

Stretford had developed a relationship with Kirchner over recent months and had attended several matches with him.

It is understood the loan was made not by Stretford personally but by Triple S, which sought legal advice in advance to ensure there was no conflict of interest given Stretford’s long-standing relationship with Rooney.

A spokesperson for the group said: “The Triple S Group is aware of the FA’s routine investigation – indeed, it was the Triple S Group that voluntarily disclosed the information to the FA which has resulted in further inquiry.

“We were surprised that details of this investigation have appeared in the press while the investigative process is ongoing. Regardless, the Triple S Group is confident in the legal advice it sought originally and will continue to cooperate fully with the FA to resolve this matter swiftly.

“No further comment will be made at this time.”

Kirchner had sought the loan when he advised that funds he was seeking to transfer from his sources in the United States had been held up in the international banking system around the time of the Jubilee Bank Holiday weekend.

With May’s payroll due to be paid, a delay could have led to further sanctions for Derby, who have been in administration for eight months.

Triple S had made the loan in the hope it would allow Kirchner time to complete his takeover and bring the club out of administration, but his promised funds never materialised.

It is understood the loan was made to Kirchner and not to Derby, and Triple S has no claim against either the club or the administrators. The company does not stand to profit from the loan.

Derby suffered relegation to League One last season, having been unable to overcome a 21-point deduction relating to their administration.

Rooney had impressed with the way he had handled the problems facing the club, and had indicated he was open to staying on if Kirchner’s deal had been completed.

Following the collapse of the American’s takeover, local property developer David Clowes has had his bid to buy the club accepted and he hopes to complete the deal this week, having bought Derby’s Pride Park home from former owner Mel Morris.

Already a subscriber? Sign in

[[title]]

[[text]]