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Chris Kirchner’s bid to buy Derby officially dead in the water

Chris Kirchner’s bid to officially buy Derby is dead in the water as the EFL loses confidence in the trustees Quantuma to successfully get the troubled club into the hands of new owners

  • Chris Kirchner has long been the favorite to buy the club
  • His offer collapsed last week when he failed to provide proof of money
  • Mike Ashley now looks like the most likely candidate to save the troubled club
  • Wayne Rooney’s future has been questioned by uncertainty

Chris Kirchner’s bid to buy Derby ultimately failed, leaving the remaining players fearing for boss Wayne Rooney’s future.

The US businessman’s bid to finalize a takeover has been under serious doubt since last week and is now believed to have no chance of reviving.

Rooney had expressed his support for Kirchner’s campaign, but added in April that if a takeover was not completed soon, it would cast doubt on his future as a manager. Derby currently only has five senior players under contract and will begin preparation for the season later in June.

American businessman Chris Kirchner failed to meet the deadline to prove he has the money

American businessman Chris Kirchner failed to meet the deadline to prove he has the money

Former Newcastle owner Mike Ashley has long been waiting in the wings and now appears to be in a prominent position to buy the troubled club, who were relegated from the championship last season.

EFL bosses pledged on Sunday to gain more control over the Rams’ fight for survival, fearing the club could not begin their League One campaign next month.

In a massive vote of no-confidence against Quantuma administrators, the EFL said in a statement it would now negotiate more directly with bidders.

The English Football League has stepped up the pressure on Derby managers

The English Football League has stepped up the pressure on Derby managers

The League’s move shows their concern at the way the process has gone so far. Ashley, meanwhile, sent a strongly worded letter to the trustees through his legal team, confirming his desire to “take over the club’s business and assets.” Another group, led by former Rams chairman Andy Appleby, is also waiting in the wings, while former Wolves owner Steve Morgan remains an active player.

Derby were relegated from the championship last season after deducting 21 points, 12 for entering administration and nine for historic financial breaches.

The club are slated to return to pre-season preparation later this month, with just five senior players currently under contract.

Wayne Rooney endorsed Kirchner's offer and the pair had developed a positive relationship

Wayne Rooney endorsed Kirchner’s offer and the pair had developed a positive relationship

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Mike Ashley has contacted Derby administrators to confirm he remains interested in the club

In April, Rooney said: “I want to rebuild this club, but the takeover has to happen. If not, I’m very insecure about my future and that of the club. This takeover has to happen quickly.’

Even if Derby is removed from records to comply with the EFL’s timetables, potential buyers must agree to pay unsecured football creditors at least 25 percent of what they owe or the club would lose a minimum of 15 points.

The EFL rules state that if a club wants to leave the administration without paying a ‘minimum dividend’, they will likely be subject to another penalty. Unsecured creditors can be smaller local businesses that rely on match day earnings, or other services such as St John’s Ambulance.

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Derby County relegated to League One last season after deducting 21 points

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