US businessman Chris Kirchner announced that he has withdrawn his bid to buy Derby County despite an improved bid this week. He revealed that it was not possible to agree on a deal with the Derby administrators, Quantuma. Kirchner is the founder and owner of Slync.io, a logistics company. He announced his intentions of bringing the glory days back to Derby.

“It is with real sadness that I can confirm I am withdrawing from the process to buy Derby County Football Club,” Chris Kirchner said. “First and foremost, I would like to apologize 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. I wanted to agree on a deal that I thought was in the best interests of all parties but, unfortunately, the last 24 hours have 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.” he added. “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.”

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