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Kirchner withdraws from buying Derby County

Lost Seasider

Well-known member
Thought this would happen 2 months ago when he was announced as PB, quite what he did to convince the administrators that he had funding in place I don't know, but I wouldn't be surprised if some sort of deception was involved.

It's amazing how many on the DCFC board still think the money's stuck out there in the banking system in some kind of limbo, it never existed and he never sent it.
 

Wizaard

Well-known member
Thought this would happen 2 months ago when he was announced as PB, quite what he did to convince the administrators that he had funding in place I don't know, but I wouldn't be surprised if some sort of deception was involved.

It's amazing how many on the DCFC board still think the money's stuck out there in the banking system in some kind of limbo, it never existed and he never sent it.
He's realised that PNE is a major sleeping giant and will renew interest there...

Fingers crossed.
 

Lost Seasider

Well-known member
What is that bloke's game?

A pawn in a delaying tactic perhaps?

Looks like maybe he's trying to set up some kind of sports-marketing business, perhaps he thought he could get someone else to buy the club for him, maybe he was just using it to raise his profile, bring in some other mugs to fund his other projects.

Is his empire just a house of cards, moving money from one place to another but not actually doing anything with it, trying to look like a successful business without any real business activity at all.

Either way, the administrators got it right first time, a tyre kicker and a time waster.
 

Lost Seasider

Well-known member
Tons of money and time wasted by administrators on this failed bid

The problem is he showed them proof of funding, they are more or less duty bound to accept the highest bidder unless there is a good evidence backed reason not to, anything else opens them up to action from the creditors.

Kirchner is the one who's wasted everyone's time and money.
 

Lost Seasider

Well-known member
Says he can’t get money into the UK. Christ on a bike, every half arsed money launderer from round the world can do that
  • bank holidays;
  • computer glitch;
  • money laundering checks;
  • can't get the money into the UK;
  • dog ate my homework.
The occasional hiccup happens and is excusable, when it becomes a pattern it's time to question the excuses.
 

TKL_Seasider

Well-known member
Guy’s a clown

Suspected it from the start

Confirmed when it was suggested that people shouldn’t look at the value of his start-up because he made a fortune ‘in crypto’

Not sure what his motivation was. Suspect he just wanted to kick tyres and got in too deep, or maybe that he intended to flip it

Either way, the administrators have a lot to answer for … ‘cause if even Peter Ridsdale can spot that he’s a muppet …
 

TKL_Seasider

Well-known member
International payments take 2/3 days max
He’s claiming it was held up by anti-money-laundering checks, which is certainly possible … especially if he’s pulled it all out of ‘crypto’ and by definition can’t prove the source of it…

… that’s if the money actually existed
 

AngelBFC

Well-known member
The problem is he showed them proof of funding, they are more or less duty bound to accept the highest bidder unless there is a good evidence backed reason not to, anything else opens them up to action from the creditors.

Kirchner is the one who's wasted everyone's time and money.
Agree he’s wasted their time and money
 

Markobfc

Well-known member
He’s claiming it was held up by anti-money-laundering checks, which is certainly possible … especially if he’s pulled it all out of ‘crypto’ and by definition can’t prove the source of it…

… that’s if the money actually existed
The arse has dropped out of crypto and no doubt he lost a bundle... he looked pretty rich 6 months ago when it was at 80k a coin
 

Lost Seasider

Well-known member
The arse has dropped out of crypto and no doubt he lost a bundle... he looked pretty rich 6 months ago when it was at 80k a coin

He claims to have got out sometime ago, personally I doubt the bundle ever existed, to me it sounds like another line of bull*** from someone who seems to specialize in that.
 

SeasideKurt

Well-known member
Some of it smacks of administrators taking their time due to the costs they're incurring while having the club. All a bit of a shit show.

The Knobs should be absolutely delighted this chancer hasn't taken their club too.
 

cside

Well-known member
Some of it smacks of administrators taking their time due to the costs they're incurring while having the club.
The buyer usually pays the administration costs. I'd expect given the distressed situation with the sale, a canny buyer would be insisting these costs are removed or heavily discounted.

I think it's likely administrators will walk away cost neutral or with a loss.
 

Lost Seasider

Well-known member
The buyer usually pays the administration costs. I'd expect given the distressed situation with the sale, a canny buyer would be insisting these costs are removed or heavily discounted.

I think it's likely administrators will walk away cost neutral or with a loss.

Not quite, the buyer purchases the assets, it's for the administrator to determine how the proceeds are distributed (according to the law).

Possibly a buyer could make an offer with a condition that would imply a reduction in the administrator's fees, such as £x million, but the club must come without a points deduction, but the administrators would be under no obligation to accept such an offer, and would likely prefer to liquidate the club rather than take a loss themselves.

The administrators always win.
 
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