Chris Kirchner’s Acquisition of Derby County Football Club

In UK Squire Patton Boggs, advised on the matter.

Squire Patton Boggs advised Kirchner Chris with a team including David Hull (Picture – Corporate M&A), Devinder Singh (Restructuring & Insolvency), Stephen Sampson (Sport Law).

Chris Kirchner, CEO of US software company Slync.io, announced the acquisition of Derby County Football Club out of administration. The joint administrators have exchanged contracts for the sale of the business and assets of The Club with Mr. Kirchner, who is the preferred bidder. Completion is targeted for on or before 31 May 2022, and is conditional on the sale of the stadium, EFL approval and receiving secured creditor consent.

In the interim period between exchange and completion, funding for The Club is being provided by Mr. Kirchner, in a demonstration of his ongoing commitment to securing the long-term future of The Club.

As a founder member of the Football League in 1888, Derby County has a long and distinguished history. However, in recent times, the club has suffered financial difficulties and it went into administration on 17 September 2021. This led to the club being docked a total of 21 points by the English Football League and led to its relegation from the Championship to League One for the forthcoming season.

The Squire Patton Boggs team was led by Corporate partner David Hull (Picture), supported by the head of the firm’s Sports and Entertainment Industry Group Stephen Sampson, Restructuring and Insolvency partner Devinder Singh and Real Estate senior associate Andrew Chapman, and Restructuring and Insolvency associate Emily Davis.

Involved fees earner: Andrew Chapman – Squire Patton Boggs; Emily Davis – Squire Patton Boggs; David Hull – Squire Patton Boggs; Stephen Sampson – Squire Patton Boggs; Devinder Singh – Squire Patton Boggs;

Law Firms: Squire Patton Boggs;

Clients: Kirchner Chris;

Author: Giulia Di Palma