Chris Kirchner withdraws bid to buy Derby County after failing to come to an agreement

But despite that, reports had indicated that Kirchner, a US businessman and founder of Slync.io, had withdrawn his bid after a failure to come to an agreement. That was later confirmed via a tweet from the American, who revealed that he made a formal offer to buy Derby two weeks ago, with him presenting the administrators a sustainable business plan. But Kirchner added that he improved the offer and yet failed to come to an agreement which is why he’s withdrawing his bid.

"First and foremost, I would like to apologise to the fans. As you know, I've been in talks with the administrators for about two months. Two weeks ago, I made a formal offer to buy the club. I believe I presented a very detailed, generous and ambitious long-term sustainable business plan. It included purchasing the stadium, future funding and maintaining the academy's status,” Kirchner said, via Twitter.

"As I did when I entered the process, I want to be transparent in this process and communicate to the fans first and directly. I'm just very sorry it's not better news. I wish all Derby supporters and everyone at the club all the best for the future. My team and I are going to move forward into club ownership as was our goal when we set out and are moving forward,” he added.