Derby County’s potential buyer Chris Kirchner has FAILED to meet a deadline


US businessman Chris Kirchner has FAILED to meet the deadline to prove he has the funds to complete a takeover of Derby County, leaving Wayne Rooney’s side stuck in limbo after Championship relegation

  • US businessman Chris Kirchner has failed to meet a deadline for Derby takeover
  • The Rams have been in administration for nine months and need rescuing
  • The American entrepreneur was given conditional approval to buy the club 

US businessman Chris Kirchner has failed to meet a deadline to prove he has the funds to complete a takeover of Derby County. 

Derby have been in administration for nine months and the American entrepreneur was appointed as preferred bidder in April. 

Kirchner was given conditional approval to buy the club in mid-May, with the EFL setting a deadline of 5pm on Friday to show he was in a position to complete the deal.

US businessman Chris Kirchner has failed to meet a deadline to prove he has the funds

Derby County went into administration last year and it's been a long hard struggle to escape it

Derby County went into administration last year and it’s been a long hard struggle to escape it

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A statement from administrators Quantama read: ‘Further to our update yesterday evening and, despite the best efforts of the parties, Mr Kirchner has, as of yet, not provided us with satisfactory evidence that he is in a position to complete the acquisition of the club – albeit he continues to work on this.

‘The joint administrators are continuing discussions with other interested parties. Contrary to reports in the media today, no interested party has been excluded from these discussions.’

Former Newcastle United owner Mike Ashley is among the interested parties who could now attempt to buy the embattled club.

Mike Ashley, former Newcastle United owner, retains an interest in taking over at Derby

Mike Ashley, former Newcastle United owner, retains an interest in taking over at Derby 

Other local businessman have been meeting this week to come up with a contingency and lifelong Derby fan David Clowes, who has struck a deal to buy the club’s Pride Park stadium, is also a potential owner.

With the League One season set to start on July 30, the clock is ticking for manager Wayne Rooney to secure the players he wants to keep and bring in those he thinks can help fire the Rams back to the Championship.

Rooney, who has won widespread praise for his football – and crisis – management at Derby, but he needs a new owner in place in order to assemble a viable squad.

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