Former Newcastle United owner Mike Ashley remains interested in buying Derby County despite losing out to Chris Kirchner in the battle to be named as the preferred bidder by the club's administrators.

There are considerable doubts over whether American businessman Kirchner will produce proof of funds or pass the EFL's owners and directors test, as he has previously failed in attempts to buy both Derby and Preston, reports the Daily Mail.

This has encouraged Ashley to wait in the background and prepare a rival bid. Kirchner's period of exclusivity to complete a deal expires on May 7 — the final day of the season.

If a takeover does not through, the club will be unable to continue operating through the summer as they prepare for life in League One.