US businessman Chris Kirchner withdraws bid to buy Derby

The Rams are bottom of the Sky Bet Championship after being hit by a 21-point deduction.

Pa Sport Staff
Friday 24 December 2021 08:11 GMT
Derby’s Pride Park Stadium (Bradley Collyer/PA)
Derby’s Pride Park Stadium (Bradley Collyer/PA)

US businessman Chris Kirchner has withdrawn his proposal to buy Sky Bet Championship club Derby.

The co-founder and chief executive of software company Slync.io, a global logistics technology provider, announced in October his intention to purchase the Rams, who have been hit with an overall 21-point deduction this season for entering administration and for further financial irregularities.

Kirchner has revealed he made a formal offer to buy the second-tier basement club earlier this month and improved that on Thursday but has now stepped away from the process.

“It is with real sadness that I can confirm I am withdrawing from the process to buy Derby County Football Club,” he said on Twitter.

“First and foremost, I would like to apologise to the fans. As you know, I’ve been in talks with the administrators for about two months.

“Two weeks ago, I made a formal offer to buy the club. I believe I presented a very detailed, generous and ambitious long-term sustainable business plan.

“It included purchasing the stadium, future funding and maintaining the academy’s status. We improved that offer further today (Thursday).

I wanted to agree a deal that I thought was in the best interests of all parties but, unfortunately, the last 24 hours has proven that just isn't possible.

Chris Kirchner on attempting to buy Derby

“I wanted to agree a deal that I thought was in the best interests of all parties but, unfortunately, the last 24 hours has proven that just isn’t possible. So it is with deep regret that I must now stand aside and let the administrators pursue their own course.

“As I did when I entered the process, I want to be transparent in this process and communicate to the fans first and directly. I’m just very sorry it’s not better news. I wish all Derby supporters and everyone at the club all the best for the future.

“My team and I are going to move forward into club ownership as was our goal when we set out and are moving forward.”

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