Derby County deal close to collapse – reports
A deal put together by US entrepreneur Chris Kirchner to buy Derby County out of administration is set to fall through, according to reports this morning (June 8).
Kirchner had been expected to complete the deal to buy The Rams by June 1, but the deadline was missed and this morning BBC Derby is reporting that the deal is close to collapse.
Derby County were relegated from the Championship at the end of the season after being hit by a 21-point deduction.
Administrators from Quantuma had expected the sale of the club to go through on May 31, but, as many times before in the elongated sales process, timescales appeared to have slipped. Quantuma, while reassuring fans that the deal will go through, said on May 31 the deal was expected to complete the following day.
However, that now seems unlikely. BBC Derby’s Ed Dawes, who commentates on Rams games said this morning: “There is a problem with closing this deal and huge frustration. When Alonso and Bin Zayed were asked to transfer proven funds they couldn’t. Then it was over.”
The future of the club remains unclear this morning.