Chris Kirchner: Man who attempted to purchase Derby County faces fraud charges

Christopher Kirchner

In the US, a businessman who attempted to purchase Derby County has been charged with fraud.

Last summer, Chris Kirchner came very close to taking over the club but was unable to raise the necessary money.

The 35-year-old was charged with wire fraud in Texas after an FBI raid on his home and is accused of stealing $20 million (£16 point 6 million).

According to US prosecutors, he could spend up to 20 years in prison if found guilty.

Mr. Kirchner is accused of wiring $20 million from Slync's bank account to his personal checking account while he was the company's chief executive from 2017 until 2022, when he was suspended.

According to the US Attorney for the Northern District of Texas, Mr. Kirchner is accused of using the funds to support a "lavish lifestyle," which included purchasing a $16 million (£13 point three million) private Gulfstream jet and a $495,000 (£410,000) opulent suite at a nearby sports arena.

At his home in Westlake, close to Dallas, FBI agents were observed removing several luxury vehicles, including a Rolls-Royce, on Tuesday morning. .

According to the US Attorney for the Northern District of Texas, he could spend up to 20 years in federal prison if found guilty.

Derby County fans
When the Rams deal fell through, Mr. Kirchner cited "difficulty transferring funds to the UK.".

The front-runner to take over Derby County after the team went into administration, lost 21 points, and was demoted to League One was Mr. Kirchner.

According to the English Football League (EFL), evidence from US and UK solicitors demonstrating "multiple sources of funding" during the bidding process was provided.

It claimed that after "further investigation into related matters," it withdrew its approval.

Expert in football finance Keiran Maguire believed that fans would be relieved if the deal fell through.

According to him, Derby supporters will likely feel as though they have David Clowes as their current owner and have avoided a bullet with Chris Kirchner, he told BBC Radio Derby.

I'm sure Derby fans are exhaling in relief because things started to get worse as the deadline drew near. There was prevarication after prevarication.

"The proof of funds appeared to be very credible. It does demonstrate that people occasionally fall short of their promises. ".

Mr. Kirchner had an offer accepted to buy Lancashire club Preston North End after withdrawing from the Derby County takeover bid, but that deal also fell through.

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