The joint administrators of Derby County have accepted an offer from American businessman Chris Kirchner to acquire the football club out of administration.
The bid is for the purchase of the football club only with the terms of the club’s ongoing occupation of Pride Park stadium to be negotiated with external stakeholders.
Mr Kirchner had initially expressed an interest in acquiring the club in late 2021.
Quantuma says discussions have taken place with key stakeholders, and Mr Kirchner has been named as the preferred bidder for the Club, with immediate effect.
The joint administrators have entered into a period of exclusivity with Mr Kirchner and his advisers, during which further operational, commercial and contractual discussions will take place.
Carl Jackson, joint administrator, Quantuma, said: “We are delighted to be able to name Mr Kirchner as preferred bidder, which the Joint Administrators consider represents the best deal for creditors and one which will secure the long-term future of the Club.
“The naming of our preferred bidder represents a significant milestone in the administration, and we look forward to working with Mr Kirchner and his team to complete the sale of the Club.”
