Derby County: Chris Kirchner withdraws bid to purchase League One facet Derby County

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Chris Kirchner has withdrawn his bid to buy League One side Derby County.

BBC Sport understands Kirchner took the decision because of the difficulty he has had transferring funds to the UK.

Derby’s administrators had given the American a deadline of 10 June to complete the deal and are now talking to other parties to find a buyer.

The Rams, managed by Wayne Rooney, were deducted 21 points during last season, finishing 23rd in the Championship to drop down to League One for 2022-23.

Derby have been in administration since September 2021 and Kirchner was named as preferred bidder on 6 April and granted exclusivity over the process.

Contracts were exchanged last month, but delays were encountered over completing the takeover, which was initially due to be done by 31 May. He then failed to meet Friday’s deadline. set by administrators Quantuma.

A spokesperson on behalf of the joint administrators of the club said: “We’re aware some will be concerned by this news, however, the joint…

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