Derby have dropped to the bottom of the Championship having formally entered administration.
The news was confirmed by the club today.
Wayne Rooney's side have received a 12-point deduction from the English Football League.
That means they now find themselves at the bottom of the table on minus two points.
Business advisory firm Quantuma have been appointed as joint-administrators.
— Derby County (@dcfcofficial) September 22, 2021
The club has cited the challenges posed by Covid-19 as a major factor in their deteriorating financial position.
Owner Mel Morris says they have lost approximately £20million in revenue since the onset of the pandemic.
Andrew Hosking, Quantuma managing director and joint administrator, said: “I can confirm that Andrew Andronikou, Carl Jackson and I were appointed joint administrators of Derby County Football Club today.
“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.
“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.”
EFL Chief Executive Trevor Birch said in a separate statement:
"I appreciate that this is a challenging and concerning period for everyone associated with the club, particularly the staff and supporters, and it is our intention to work proactively with the administrators and all relevant parties with the objective of securing a long-term and viable future for Derby County.
"We will endeavour to provide timely and relevant updates as appropriate and as and when events unfold over the coming weeks."