 After securing the takeover of the club, Gadsby and his consortium set about hiring a manager who could rebuild the Derby squad, which at the end of a disappointing season had only one recognised striker, in the form of Paul Peschisolido.After a decision-making process which took some time, former Preston North End manager, Billy Davies was installed as the Ram's new manager.The consortium managed to clear a significant proportion of the club's debts, which had reportedly risen to an estimated £52 million, as well as restoring ownership of Pride Park Stadium to the club.