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From TheRams.co.uk:
Murdo Mackay is accused of conspiracy to defraud and conspiracy to conceal criminal property.
His solicitor yesterday said that he denied any wrongdoing.
He is one of five people who have been arrested as part of inquiries, which began last year, into the takeover of the club in October 2003.
Mr Mackay is the third person to be charged in the last eight days.
The club's former chief executive, Jeremy Keith, and former finance director Andrew Mackenzie are facing the same charges as Mr Mackay.
Speaking on behalf of Mr Mackay yesterday, his solicitor, Stephen Burdon, said: "My client has assisted the police throughout this lengthy inquiry and refutes any allegation of inappropriate conduct in relation to Derby County Football Club.
"The evidence will show that all transactions involving Murdo Mackay were legitimate and that he always acted in the best interests of the club."
Police yesterday confirmed that a 52-year-old man had been charged.
A spokesman for Derbyshire police said: "Following a decision by the Crown Prosecution Service specialist fraud unit, police can confirm that a 52-year-old man has been charged in connection with an investigation into alleged financial irregularities within Derby County Football Club. He was charged with conspiracy to defraud and conspiracy to conceal criminal property.
A police investigation, begun last year, centred on the takeover at Pride Park by Mr Keith, John Sleightholme and Steve Harding.
See also: Fifth man is charged
See also: Fourth man charged in Rams probe
See also: Third man charged in Rams probe
See also: Ex-Rams chief faces fraud charge
See also: Ex-Rams director on fraud charge
From The Rams, Derby Evening Telegraph:
The inquiry relates to allegations regarding the takeover of the club in October 2003.
Derbyshire police have confirmed that investigations are continuing into the allegations.
A spokeswoman said: "The men, aged 51 and 46, were arrested during the last few weeks.
"They have been questioned and released on police bail while further inquiries are made."
The inquiry, which began last year, centres on a takeover at Pride Park by the previous board in 2003.
Jeremy Keith, John Sleightholme and Steve Harding became Derby directors after the club was bought from administrative receivers for just £3, backed by a £15m loan from a Panamanian-registered company, ABC Corporation.
Andrew MacKenzie was also on the board, while Paul Clouting was director of operations and Murdo Mackay was director of football.
The new administration, headed by Peter Gadsby, which took over in April last year, is not connected with the investigation.
A Derby County spokesman said last night: "As these arrests relate to a time before the current board took over the club, we've got no comment to make at this stage."
The club's mammoth debt has risen to a reported £36million and the suggestion is that it will continue to spiral upwards without serious investment, promotion to the financial haven of the Premiership or the selling off of key players.
The main aim of RamsTrust was to give the fans a unified voice, and to improve lines of communication between the club and the supporters that it must rely on to keep it afloat.
There are a lot of questions to be answered.
If you, as a fan, want to be involved in the attempt to find the answers to these questions, then join RamsTrust, who will still be asking the questions.
This should represent a new start for Derby County and although matters concerning the takeover remain unclear, a new approach to the financial situation is what has been needed for some time.
However the rivals site (link below) voices the concerns of fans.
Many fans look upon this situation with caution. Perhaps, had the consortium been named or been one that had been named in the local media during the last twelve months - then they would have been met with more of a euphoric welcome. But because so little is known about them, and who the mystery backers are, then a note of caution is not misplaced.
They may well not be Derby people, nor have any affinity with the club, but the concept of having a chairman who has supported the club all his life has long been outdated. It may make supporters more comfortable knowing a Derby man/supporter is in charge, and history plays it parts as to why fans feel uncomfortable with an 'outsider' being in charge, but we have witnessed how love for the club can be just as problematic as someone who has no affinity with it.
Mr Sleightholme and Co.'s motives for joining Derby County are open to interpretation, and it is imperative that he strikes up a good line of communication with the fans, something that has not been evident for some time. Silence breed's rumour and discontent amongst supporters and the relationship between the fans and Derby County has suffered because of the lengthy spells with which we have been left to guess what was going on behind the scenes.
The future would appear more secure but it doesn't stop the concerns.