Derby County have received a major cash injection borrowed against the club's assets from a New York investment bank belonging to American billionaire Michael Dell.
Dell is the owner of MSD Capital and records on Companies House confirm a loan - believed to be in the region of £30 million - was registered last week.
The Daily Telegraph understands it is the second loan agreed with Derby chairman Mel Morris, who has been seeking additional funding for over two years.
He was previously in talks with Henry Gabay, a London-based businessman, but a deal has stalled due to a number of factors including the sacking of former club captain Richard Keogh and an English Football League charge against the club for breaking spending rules in January.
Dell was partly involved in a potential takeover at Sunderland last year, with three investors from MSD Partners instead loaning £12m to the holding company of Black Cats owner Stewart Donald.
It is understood that Dell and Derby are talking about a range of financial arrangements, which could include a significant loan, investment or takeover.
Dell was listed as the 25th richest man in the world in Forbes last year and has also held talks with a number of other clubs in England outside the top tier.
Derby are among many clubs on a financial knife-edge in the Championship post Covid-19 and the club’s willingness to take out a significant loan at commercial rates will prompt questions over how much spending power Morris still has personally.
The loan comes as the EFL is under renewed pressure from furious Championship clubs to resolve the charges hanging over Derby.