Chris Kirchner is set to become the new owner of Derby County after exchanging contracts for the sale of the club with the administrators. This development is important for the short-term running of the club which means that his funds are being utilized. Despite this latest development, there is no agreement with Mel Morris for the sale of Pride Park.
“The joint administrators can confirm they have exchanged contracts for the sale of the business and assets of the club with the preferred bidder, Chris Kirchner,” a spokesperson for Derby County said. “In addition, the joint administrators can confirm that in the interim period between exchange and completion, funding for the club is being provided by Mr. Kirchner, in a demonstration of his ongoing commitment to securing its long-term future. The exchanging of contracts is conditional on the sale of the stadium, EFL approval, and receiving secured creditor consent.”
“The period of time between exchange and completion will allow the joint administrators and all relevant stakeholders the time required to work together to meet the conditions required to complete this very complex transaction,” he added. “The joint administrators would like to express their thanks, to all relevant stakeholders for their co-operation and work, towards achieving a successful completion.”
“I’ve been beyond fortunate and I’ll never forget how lucky I am. I’ve had the opportunity to realize many of my dreams and even a lot of things beyond my dreams. Today is a day I’ll never forget,” Chris Kirchner posted on Twitter. “I’m humbled and excited to share that we’ve exchanged contracts with Quantuma and I will be the next owner of Derby County Football Club. These contracts are conditional on the sale of the stadium and some small bits. I don’t anticipate any issues completing the rest of this process in the coming days.”