Derby County: Chris Kirchner plan to buy Rams is ‘nearing completion,’ according to the EFL Board

The English Football League Board has been informed that a deal for US billionaire Chris Kirchner to buy Derby County is nearing completion. Several issues remain unresolved, notably the Rams’ Pride Park mansion, which is still held by former club owner Mel Morris. Morris declared the club bankrupt in September. After entering into administration and breaking financial restrictions, the club was docked 21 points. A defeat at Queens Park Rangers on April 18 secured their relegation to League One.

Last month, administrators Quantuma revealed Kirchner as the preferred bidder. On Monday, he claimed the club would run out of money by Saturday and that the board would give him clearance to take control on Thursday. However, in a statement, the EFL said “evidence of source and sufficiency of funding has now been provided but there remain several outstanding challenges to be resolved.”

The statement went on to say: “As a result, the board has instructed the executive to continue its discussions with Mr. Kirchner and his representatives regarding finalizing the terms of a membership agreement.”

“However, a significant issue remains in respect of the status of the stadium and Mr. Kirchner continues in dialogue with the relevant parties as to how this can be resolved. It is clear that the complexity associated with this aspect of the transaction is the biggest hurdle to overcome.”

“The EFL acknowledges the current time pressures relating to Mr. Kirchner’s position as preferred bidder and will seek to conclude matters as soon as possible in line with requirements as set out in the league’s insolvency policy.” After a 12-point punishment for entering administration and a further nine-point reduction for financial regulations violations, Wayne Rooney’s squad has 34 points and will finish 22nd in the Championship with a win over Cardiff in the season’s last game on Saturday.