DERBY have been dealt another cruel blow with Chris Kirchner’s proposed takeover set to collapse TODAY.
The EFL had previously revealed it expected the deal to be done by May 31 with Wayne Rooney and Co anxiously awaiting news on the club’s future.
Chris Kirchner’s proposed takeover is set to collapse over a proof of funds issue Credit: PA
Wayne Rooney and his Derby squad face an anxious wait over the club’s future Credit: Getty American Kirchner recently took to Twitter to suggest the US and UK Bank Holidays had delayed the deal.
But now sources close to the club have revealed the takeover will collapse TODAY with the group unable to provide proof of funds.
And it’s being widely suggested the takeover deal is now dead in the water.
Derby commentator Ed Dawes claimed: “It’s my understanding that the deal will collapse today.
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Wayne Rooney could be awarded Freedom of Derby – & may get a china plate “There is a problem with closing this deal and huge frustration.
“When they were asked to transfer proven funds, they couldn’t.
“Then it was over.”
On May 27, Kirchner moved to reassure Derby fans saying there was “nothing to be alarmed about”.
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But nearly two weeks later, the deal is still not in place – with club officials seemingly increasingly nervous.
One source told Sportsmail: “There have been multiple suggested completion times and he has missed all of them.
“We are waiting. Is it today or tomorrow…?
“It is a very strange situation. It is a completely unacceptable situation.”
Official Derby County supporters’ group, Rams Trust, revealed their fears on Twitter on Wednesday morning and claimed they had even contacted the Government for help.
A statement read: “Reports that the takeover is in doubt are deeply worrying.
“We asked [administrator] Quantuma for comment on Monday and have had no response.
“We urge politicians and officials who were keen to be seen getting involved to use their positions now to join demands for an urgent update for supporters.”
Derby have already been deducted 21 points and relegated to League One.
The operation to rescue the Rams from administration has been a painfully long process for all involved.
The Midlands club went into administration in September after former owner Mel Morris overspent in pursuit of a return to the Premier League.
The club are now left with crippling debts in excess of £60million.
Any potential buyer must not only meet the EFL’s insolvency rules, but also address the debt, while also come to a deal over stadium Pride Park – still owned by Morris.
Kirchner appeared to have succeeded in checking all of the boxes with his proposal accepted by Quantuma and the EFL.
After being granted “conditional approval” to take over at Derby, it’s believed Kirchner was asked to provide proof of funds, but was unable.
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I have big boobs and am obsessed with a summer dress – I bought it in two colors The deal is now set to collapse in the coming hours.
Reports claim there are TWO parties interested in swooping in to save the club, including ex-Newcastle owner Mike Ashley.
Source: Soccer - thesun.co.uk
