Purchase of Derby County to close this week

The American co-founder, chairman, and chief executive of logistics technology company Slync.io said on Twitter last Friday (27 May): “I can say that signatures have already started today. 

“We will be officially closing on Tuesday. It’s been a long journey, but we are now here.” 

Last month it was confirmed Kirchner was selected as the preferred bidder by administrators Quantuma, which said his offer “represents the best deal for creditors and one which will secure the long-term future of the club”. 

Earlier this month (17 May) law firm Squire Patton Boggs - which has been advising Krichner with the acquisition of the football - stated that the joint administrators have exchanged contracts for the sale of the business. 

The company - which has advised more than 26 football club deals over the last 20 years - also stated that, in the interim period between exchange and completion, funding for the club would be provided by the US businessman. 

Derby County fell into administration in September last year - with the football club incurring a default 12-point deduction in the league. It was hit with another nine-point deduction after it admitted to breaching the English Football League’s Profitability and Sustainability rules.