A deal that would see Saudi boxing supremo Turki Alalshikh buy Derby County has fallen through.The Championship club confirmed on Monday that Lion Sport, a consortium linked with Alalshikh, have opted not to proceed with the purchase despite approval from the Independent Football Regulator and the EFL.Alalshikh has transformed boxing since his involvement in the sport, but his wait to break into English football goes onGettyDerby also said that they are not open to any fresh offers for the foreseeable. Derby confirm deal is offThe club can confirm discussions with Lion Sport to buy a controlling interest in Derby County will no longer proceed,” the Rams said in a statement.“The purchase process had been sanctioned by both the Independent Football Regulator and the EFL, notification of which the club received last week.“However, today the club received notice that Lion Sport no longer wanted to continue with the purchase.“For the benefit of any doubt, the club is now off the market and will continue to operate under the loyal, committed and unwavering support of Clowes Developments.“Our preparations continue for the new EFL season, beginning against Charlton Athletic on Saturday. The club will offer no further comment.”Derby have been out of the Premier League since 2008 when they recorded the worst season in Premier League history.They managed to accumulate just 11 points and have been into League One since then as well.Alalshikh’s wait to break into English football goes on but he has involved himself in the sport before, though. He has owned Spanish club Almeria and Egyptian side Pyramids FC in the past but has been looking to invest in EFL clubs. It’s back to square one with regards to a change of ownership for DerbyShutterstockAlalshikh gives statementShortly after Derby’s statement, Alalshikh explained why the deal didn’t happen as he cited the season already beginning and a lack of preparation as a result for not going through with the deal.He also refused to rule out any future attempts to buy Derby.“I would like to thank everyone at Derby County Football Club, and everyone involved in this process for all their hard work over the past few months,” Alalshikh said in a statement. “We understood that the IFR (Independent Football Regulator) process takes time and fully respect the importance of that, but unfortunately with the season already started, it would leave us with no time to prepare the team or the club for the season ahead.“After careful consideration, we don’t feel it is right to proceed at this time without the necessary preparation in place, but we will remain in conversation with the club and see what is possible in the future. “I personally wish the team and club every success for the season ahead.”Turki has been previously linked with a move to buy Championship clubs Millwall and SouthamptonGettyAlalshikh’s wealthThe latest reports suggest that Alalshikh is worth $2.8billion, and he has accumulated that wealth from various means.He is the chairman of the Saudi General Entertainment Authority and is heavily involved in boxing.Alalshikh is one of the leading figureheads in Riyadh Season, which has transformed boxing and put on some of the biggest fights in history.He is widely seen as the mastermind behind the ‘Battle of Britain‘ between Tyson Fury and Anthony Joshua.A new boxing venture between he and Dana White and Frank Warren known as Zuffa Boxing has been brought into existence with big plans.Alalashikh is also a close advisor to the Crown Prince of Saudi Arabia, Mohammed bin Salman.Alalshikh doesn’t lack ambition or moneyGettyJordan advises Alalshikh to buy OwlstalkSPORT’s Simon Jordan revealed last year that he advised Alalshikh on which English club to go for, telling him to buy Sheffield Wednesday.Speaking about that conversation in 2025, Jordan said: “If I was buying a football club and I was really motivated and had your kind of dough, I would buy Sheffield Wednesday.”Expanding on that, Jordan said: “I told him that. We’ll see what they do; they are captains of their own ship, aren’t they?“Be careful what you wish for. We’ve already got enough foreign investment in our football clubs, but if this is the direction of travel, that’s the way I’d go.“It’s a big football club.“There’s a reason why Hillsborough got used up to a point, for FA Cup semi-finals.“But I’ve been to that club, I’ve watched it, I’ve seen the fan base. I know the Saudis can look across the city at Sheffield United and think their mate who owns that football club hasn’t had the greatest of times over there, but I think it’s a powerhouse.”“You buy a powerhouse like Sheffield Wednesday that’s in Yorkshire, not just Sheffield, that could be garnered and pushed forward, no disrespect to [current owner, Dejphon] Chansiri, but somehow or another he’s managed to steal defeat from the jaws of victory.”