This guy wanting to buy the nobbers.....

cleveleysbfc

cleveleysbfc

Well-known member
Chris Kirchner..... He has been to a few grounds such as Derby and the nobbers and it is reported that a deal could be close

But am I missing something here? Hemming family have pumped tens of millions in but this guy doesn't seem to be worth much unless I am missing something

Wikipedia :
Chris's current net worth as of 2021 is still under review. Previously, his net worth was reviewed to be more than $5 million. His earning is from his company, Slync.io, where he is positioned as a CEO. Slync.io is a supply chain software provider that raised $60 million in Series B financing.
 
cleveleysbfc said:
Chris Kirchner..... He has been to a few grounds such as Derby and the nobbers and it is reported that a deal could be close

But am I missing something here? Hemming family have pumped tens of millions in but this guy doesn't seem to be worth much unless I am missing something

Wikipedia :
Chris's current net worth as of 2021 is still under review. Previously, his net worth was reviewed to be more than $5 million. His earning is from his company, Slync.io, where he is positioned as a CEO. Slync.io is a supply chain software provider that raised $60 million in Series B financing.
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On the face of that he’s not even in Sir Simon’s bracket.
Unless he’s got family wealth or other significant business interests?
 
Bizarre all round. Disappeared from Derby before it came near time start writing cheques (checks in his case).

His start-up is promising but still at the stage of having to go out and raise cash from shareholders, certainly not generating the positive cash flow to support multimillion pound losses every year.

Before that he was mostly an employee …
 
https://twitter.com/x/status/1506629263654637580

He did a Q&A on twitter yesterday where he talked hypothetically about his plans for a potential club he might buy (which is obviously Preston but there’s an NDA in place precluding him from specifically talking about that it seems).

As Kurt said, he talks a very good game but will be interesting to see if he backs it up.
 
cleveleysbfc said:
Chris Kirchner..... He has been to a few grounds such as Derby and the nobbers and it is reported that a deal could be close

But am I missing something here? Hemming family have pumped tens of millions in but this guy doesn't seem to be worth much unless I am missing something

Wikipedia :
Chris's current net worth as of 2021 is still under review. Previously, his net worth was reviewed to be more than $5 million. His earning is from his company, Slync.io, where he is positioned as a CEO. Slync.io is a supply chain software provider that raised $60 million in Series B financing.
TKL_Seasider said:
Bizarre all round. Disappeared from Derby before it came near time start writing cheques (checks in his case).

His start-up is promising but still at the stage of having to go out and raise cash from shareholders, certainly not generating the positive cash flow to support multimillion pound losses every year.

Before that he was mostly an employee …
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Bull shit
His offer of over 50 million was more than any one else offers or has since .
He left them because they said it wasn’t worth it he had Derby fans begging him to come back & buy them. He told them that things at Derby were far worse now Div 1 no ground or training facilities & as it stands no club.
He also has had a box at Chelsea for 10 years and flys over in his plane to watch them .
Yes we don’t no but it’s been said he won’t be borrowing or having partners &
One of the main reasons for buying we are Dept free considering he is paying 40 million .
We got to take a chance same as you have for many years.

Why oh why do u listen tho Kurt looking at some of his he sounds a complete Dick.
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It says HERE that his current net worth is billions, but also suggests that his business Slync.io? only has £4M annual revenue, 70 staff and is propped up heavily with tens of millions in finance.

Does he have other revenue streams?
 
BFC_BFC_BFC said:
It says HERE that his current net worth is billions, but also suggests that his business Slync.io? only has £4M annual revenue, 70 staff and is propped up heavily with tens of millions in finance.

Does he have other revenue streams?
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"She is believed"... Is this person female? That article also says "He" so isn't sure what sex they are. Not sure I'd trust anything from it.
 
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Stony Hill said:
I like a bit of sarcasm. 👏😂
But, not too much Chunky or it’ll go over their heads.
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TKL_Seasider said:
Bizarre all round. Disappeared from Derby before it came near time start writing cheques (checks in his case).

His start-up is promising but still at the stage of having to go out and raise cash from shareholders, certainly not generating the positive cash flow to support multimillion pound losses every year.

Before that he was mostly an employee …
Click to expand...

cleveleysbfc said:
Chris Kirchner..... He has been to a few grounds such as Derby and the nobbers and it is reported that a deal could be close

But am I missing something here? Hemming family have pumped tens of millions in but this guy doesn't seem to be worth much unless I am missing something

Wikipedia :
Chris's current net worth as of 2021 is still under review. Previously, his net worth was reviewed to be more than $5 million. His earning is from his company, Slync.io, where he is positioned as a CEO. Slync.io is a supply chain software provider that raised $60 million in Series B financing.
TKL_Seasider said:
Bizarre all round. Disappeared from Derby before it came near time start writing cheques (checks in his case).

His start-up is promising but still at the stage of having to go out and raise cash from shareholders, certainly not generating the positive cash flow to support multimillion pound losses every year.

Before that he was mostly an employee …
Click to expand...

Bull shit
His offer of over 50 million was more than any one else offers or has since .
He left them because they said it wasn’t worth it he had Derby fans begging him to come back & buy them. He told them that things at Derby were far worse now Div 1 no ground or training facilities & as it stands no club.
He also has had a box at Chelsea for 10 years and flys over in his plane to watch them .
Yes we don’t no but it’s been said he won’t be borrowing or having partners &
One of the main reasons for buying we are Dept free considering he is paying 40 million .
We got to take a chance same as you have for many years.

Why oh why do u listen tho Kurt looking at some of his he sounds a complete Dick.
Click to expand...
 
BFC_BFC_BFC said:
It says HERE that his current net worth is billions, but also suggests that his business Slync.io? only has £4M annual revenue, 70 staff and is propped up heavily with tens of millions in finance.

Does he have other revenue streams?
Click to expand...
I have looked into his background.

Yes his company has a low turnover but the valuation is based on its future worth / sales and the gamble it will go big.

From what I can see they are not loans as such that he has received, but venture cap series a and b.

Although it could be structured like a loan for tax reasons with a share for debt swap if things go well - reality is if the business runs out of money and nobody wants to put more in - you just close the company and write off any debt and walk away. Common practice by VCs.

Although I believe the business has received circa $70m US - it sounds quite a bit to be fair but it also depends on what his cash burn rate is and how good the VCs thing the business could actually be.

I can find no other income or family wealth.

He is probably worth a few million on paper based on the venture cap money - but it does not look like he will have much cash.

Then again he could buy the club with a loan against their few assets.

Now that would be funny!

I could be wrong, but I have checked people out like this for years.

Make of it, what you will 👍
 
What does not make sense here though is....

Knowing VCs as I do and I would rather do business with anyone else - if they do have a fortune tied up with him as the CEO - I can't imagine they would be happy for him to take his eye off the ball and get involved with a footy club.
 
seasideone said:
What does not make sense here though is....

Knowing VCs as I do and I would rather do business with anyone else - if they do have a fortune tied up with him as the CEO - I can't imagine they would be happy for him to take his eye off the ball and get involved with a footy club.
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Lancs Live reported that the deal to buy the club does not involve taking on any debt, he’s buying it outright for around £30m. What happens after that point though is a mystery.
 
Gary said:
Lancs Live reported that the deal to buy the club does not involve taking on any debt, he’s buying it outright for around £30m. What happens after that point though is a mystery.
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Mmmmm

Doesn't add up this....

Owns shares in a business that turns over $4m

VCs into his business for circa $70m US which there will be very strict controls on what it's used for.

If he had $30m the VCs would normally him put it in.

There has to be either debt or someone else behind it.

....or it's just an ego trip for someone!!
 
Willing to spend £30 million to buy a company making losses of £10 million each year…

So either he’s got hundreds of millions to play with (which of was the case would be blatantly obvious and pretty hard to hide) and then if that was the case you’d wonder why PNE ? Derby are in every sense a much bigger club with bigger potential and can likely be turned around quicker. Then there must be other clubs available too ? PNE are either the cheap option for someone with limited funds (which given the cost / losses they clearly aren’t) are available without the due diligence necessary at Derby and therefore more open to a shady new owner, the guys got some link to PNE (he hasn’t or we’d already know and he wouldn’t be whoring himself around every broken club) or he’s a chahcer looking to enhance his profile with zero intention of following through…

If I were a PNE fan I’d be very concerned. Seems a bit to close to what went on at Wigan, Portsmouth etc.
 
Mr Kirchner was described as a 'Tyre Kicker' by the Derby administrators.
His bid was (in their words) 'derisory' and nowhere near £50m
They (fans, news) believe it was around £30m but it didn't have any source of funds, so was dismissed quite quickly.
That's why he pulled out....you can Google it and see all the details....so no need for bullshit and made up stories from PNE fans

PNE 'owes' the Hemmings family £55m..Thats how much Trev put in over the last 8(?) years.....It's the value of the shares owned by the Hemmings
So.....If Mr Kirchner pays £30m for the club......all this money goes to the Hemmings....NOT TO THE CLUB....

Mr Kirchner then has to find another £1m a month to cover operating costs....That's £12m a year......Just for the hard of thinking PNE fans.

Based on current figures......even if Kircher pays £30m......he will need to fund another £12m just to keep the doors open
Now Mr Kircher isn't a billionaire, he's not on the Forbes rich list and doesn't have family, industry, inheritance money backing him.

If the manager wants to buy a player......Kirchner will need to fund this personally....There is no pot of money in the club.
The best 3 players at PNE are all on loan and I doubt they will be coming back next season....
Some of the others are out of contract this summer.....and Riis (Contract till 2024: Cost £1m) is going to be the subject of bidding this summer

One thing to look out for is the land that Hemmings bought to build a new training ground at Ingol (?)
And the land that surrounds their cursed training ground........I doubt (could be wrong) that this will be included in the deal
I would guess that Hemmings will keep this......as both would be worth a fair amount for development (both have been refused by the council)

My favourite PNE fantasy is that Wayne Rooney will walk out of Derby at the end of the year and take over at PNE.....🤔
I can see the Knobbers kicking out Lowe as he's been 'average'.......but Rooney......with no, money, players and fans...............Delusional

Anyway.....probably only PNE fans have made it this far reading this.......but your new owner is a right wing trump fan........I think you're f###ked
 
seasideone said:
What does not make sense here though is....

Knowing VCs as I do and I would rather do business with anyone else - if they do have a fortune tied up with him as the CEO - I can't imagine they would be happy for him to take his eye off the ball and get involved with a footy club.
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Exactly. And they certainly won’t allow him to do it with their money!
 
seasideone said:
I have looked into his background.

Yes his company has a low turnover but the valuation is based on its future worth / sales and the gamble it will go big.

From what I can see they are not loans as such that he has received, but venture cap series a and b.

Although it could be structured like a loan for tax reasons with a share for debt swap if things go well - reality is if the business runs out of money and nobody wants to put more in - you just close the company and write off any debt and walk away. Common practice by VCs.

Although I believe the business has received circa $70m US - it sounds quite a bit to be fair but it also depends on what his cash burn rate is and how good the VCs thing the business could actually be.

I can find no other income or family wealth.

He is probably worth a few million on paper based on the venture cap money - but it does not look like he will have much cash.

Then again he could buy the club with a loan against their few assets.

Now that would be funny!

I could be wrong, but I have checked people out like this for years.

Make of it, what you will 👍
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Tech companies can fly of course and the funding suggests that the VC’s have some faith in the capability of the business (or is that level of funding just relatively speculative in that sector?)
 
I read a report a few years ago about sports sponsorship and dodgy start-ups, which particularly focesed on F1, but also looked at football, golf and a few other sports. What it reported on was that many of these startups their funding was going almost exclusively into promotional activities and very little into actual business development. Its like a big ponzi scheme.

set up a business, find angel investors, promote the business conceptually whilst doing minimal amounts of actual business development, find additional investors that pays out to the angels, more promotion which largely finds additional investors which pays out the second tier investors, and eventually get a minor listing at which point the actual business needs to be developed. The mass investment advisers see the "credibility" of the previous first and second tier investments and jump in head first, usually into something that has at best a minimal functionality as a business and profit will be a mere illusion.

Sports sponsorship is one of the easiest ways to get recognition, and for the mass investors a seeming tick for credibility, the report actually stated that start-ups with sports sponsorships are probably not credible investments, based on historical comparisons.

Personally wouldn't want somone like this looking at Pool.
 
BFC_BFC_BFC said:
Tech companies can fly of course and the funding suggests that the VC’s have some faith in the capability of the business (or is that level of funding just relatively speculative in that sector?)
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In tech it's definitely on the higher of average.

Series a funding is usually 'give me proof of concept' and series b is normally show me it works.

He got a lot for his series b.

...but I would be amazed (as in there is more chance of me flying to the moon tomorrow) if a VC let him buy a football club with their cash!!!
 
seasideone said:
Mmmmm

Doesn't add up this....

Owns shares in a business that turns over $4m

VCs into his business for circa $70m US which there will be very strict controls on what it's used for.

If he had $30m the VCs would normally him put it in.

There has to be either debt or someone else behind it.

....or it's just an ego trip for someone!!
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SS1 is correct here. I’ve held a company with VC funding and I was under strict warrant to halt all other business interests as part of the deal.

They will not allow him to go off and be a (football club) owner in a money losing business (pne) that needs his express attention.

Smoke and mirrors.
 
seasideone said:
What does not make sense here though is....

Knowing VCs as I do and I would rather do business with anyone else - if they do have a fortune tied up with him as the CEO - I can't imagine they would be happy for him to take his eye off the ball and get involved with a footy club.
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Agreed. Unless of course the VC money has been raised to buy an ‘underperforming’ UK football club. In which case, at least you have to credit their due diligence!
 
B_Side_The_C_Side said:
Mr Kirchner was described as a 'Tyre Kicker' by the Derby administrators.
His bid was (in their words) 'derisory' and nowhere near £50m
They (fans, news) believe it was around £30m but it didn't have any source of funds, so was dismissed quite quickly.
That's why he pulled out....you can Google it and see all the details....so no need for bullshit and made up stories from PNE fans

PNE 'owes' the Hemmings family £55m..Thats how much Trev put in over the last 8(?) years.....It's the value of the shares owned by the Hemmings
So.....If Mr Kirchner pays £30m for the club......all this money goes to the Hemmings....NOT TO THE CLUB....

Mr Kirchner then has to find another £1m a month to cover operating costs....That's £12m a year......Just for the hard of thinking PNE fans.

Based on current figures......even if Kircher pays £30m......he will need to fund another £12m just to keep the doors open
Now Mr Kircher isn't a billionaire, he's not on the Forbes rich list and doesn't have family, industry, inheritance money backing him.

If the manager wants to buy a player......Kirchner will need to fund this personally....There is no pot of money in the club.
The best 3 players at PNE are all on loan and I doubt they will be coming back next season....
Some of the others are out of contract this summer.....and Riis (Contract till 2024: Cost £1m) is going to be the subject of bidding this summer

One thing to look out for is the land that Hemmings bought to build a new training ground at Ingol (?)
And the land that surrounds their cursed training ground........I doubt (could be wrong) that this will be included in the deal
I would guess that Hemmings will keep this......as both would be worth a fair amount for development (both have been refused by the council)

My favourite PNE fantasy is that Wayne Rooney will walk out of Derby at the end of the year and take over at PNE.....🤔
I can see the Knobbers kicking out Lowe as he's been 'average'.......but Rooney......with no, money, players and fans...............Delusional

Anyway.....probably only PNE fans have made it this far reading this.......but your new owner is a right wing trump fan........I think you're f###ked
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That was a bit long winded do I detect a bit of jealousy 😉😉
 
Livingthedream47 said:
That was a bit long winded do I detect a bit of jealousy 😉😉
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Jealousy would imply unhappiness with what we’ve got, but we couldn’t be happier with Simon Sadler.

Fear, maybe. But a lot more (financial) football messiahs are excitedly proclaimed than actually materialise. Guess we’ll all have to wait and see.
 
Sunpool said:
He wants to buy a football club, and has no idea about football just wants one!! What could possibly go wrong!! He has no money just thinks he has😂 couldn't happen to a better club really,, agent Kirchner we have a mission for you😃..
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He literally has a box at Chelsea and has been going for the past 20 years. This isn't true at all.
 
If he does take over (and for the record I can't see it being great for him [given it's a significant loss maker] or being great for the fans [I fancy his first priority would be containing those losses]), it will be difficult to oversee things from the other side of the Atlantic.

To that end, I think an experienced Football man "on the ground" so to speak, is required... someone well versed in saving a quid...
May I suggest a gentleman, currently dressed in a gimp suit locked away in a shed in the hills in Lancashire. Out of work presently, but full of experience and by all accounts loved by all Preston fans

A match made in heaven I'm sure we can all agree 🤣🧡
 
tangerine_neil said:
So to summarise: If he buys them, they’re fcuked
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I’m not sure you can say that necessarily… It’s just not immediately evident exactly how he will finance the deal or how much cash he has to play with.

If I was a knobber, I’d probably want to know much more about the guy. Whilst Hemmings never set the world alight, the Club was always going to be secure…. You would expect them to therefore do some due diligence, rather than sell them down the river, but who knows?
 
The difference between our two clubs is massive, highlighted in this current situation with Preston.

Blackpool had awful (and that's putting it lightly) owners.
We now have a local lad who has the club at heart, wants the very best for the club and supporters alike.
Whereas our neighbours at the home of the famous bus station had a great owner in TH who bailed them out year after year whilst the club stagnated.
And has his family wanting to get rid at the earliest opportunity to someone who has no affiliation to the place or club and is only interested because Derby County pied him off.

Thank god I'm not but if I was a Nob end fan I'd be extremely worried.
 
Wizzerboy said:
The difference between our two clubs is massive, highlighted in this current situation with Preston.

Blackpool had awful (and that's putting it lightly) owners.
We now have a local lad who has the club at heart, wants the very best for the club and supporters alike.
Whereas our neighbours at the home of the famous bus station had a great owner in TH who bailed them out year after year whilst the club stagnated.
And has his family wanting to get rid at the earliest opportunity to someone who has no affiliation to the place or club and is only interested because Derby County pied him off.

Thank god I'm not but if I was a Nob end fan I'd be extremely worried.
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Most Preston fans I know and have spoken to on this are just fed up of the monotony and want something (anything?) to change. As is regularly pointed out on here, they’ve done the square root of fuck all for nearly 70 years and under Hemmings were seemingly just plodding along with no ambition to do anything other than limp along in the Championship until they inevitably went back down to League One.

Whatever happens under this new bloke, at least it’ll be different I guess!
 
Livingthedream47 said:
That was a bit long winded do I detect a bit of jealousy 😉😉
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None at all.....Everything about this deal just looks dodgy.

Why does he want to buy a football club that will not make 1 penny but will cost him £12m a year.
Why does he want PNE.....He has no connection, love or desire for the club......(it's bullshit) but he's a die hard Chelsea fan according to you ?

I hope you get what you want Gary....But something tells me you will be missing Trev in the coming months,,,,,
 
B_Side_The_C_Side said:
None at all.....Everything about this deal just looks dodgy.

Why does he want to buy a football club that will not make 1 penny but will cost him £12m a year.
Why does he want PNE.....He has no connection, love or desire for the club......(it's bullshit) but he's a die hard Chelsea fan according to you ?

I hope you get what you want Gary....But something tells me you will be missing Trev in the coming months,,,,,
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It was only 12 mil though covid
 
B_Side_The_C_Side said:
None at all.....Everything about this deal just looks dodgy.

Why does he want to buy a football club that will not make 1 penny but will cost him £12m a year.
Why does he want PNE.....He has no connection, love or desire for the club......(it's bullshit) but he's a die hard Chelsea fan according to you ?

I hope you get what you want Gary....But something tells me you will be missing Trev in the coming months,,,,,
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You would have thought that if he is such a Chelsea die-hard he would have joined one of the bids trying to buy it! If I was a PKE fan I would be concerned to put it mildly. However, I am sure the EFL will be putting him through their exhaustive Fit & Proper Owner testing.
 
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