American businessman Chris Kirchner has broken his silence after his proposed takeover of Preston North End seemingly fell through.

Kirchner has been chasing North End for at least two months, showing a strong interest in taking the reins at Deepdale.

Many have ultimately expected Preston to be passed over to a new owner following the passing of Trevor Hemmings last year, and Kirchner looked likely to complete a purchase.

Plenty of work had been done towards finalising a deal, but it now looks to be off.

Preston have confirmed that they are no longer in talks with anybody over a takeover after one interested party – believed to be Kirchner – failed to confirm an offer.

One Player Your Club MUST Sell This Summer (2022)

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Kirchner was given a period of exclusivity over a deal, but that ended on Friday with no deal being done.

The Lancashire Evening Post now claim that Kirchner agreed a price in February but made two revised offers at a lower price.

Unsurprisingly, that hasn’t worked and Kirchner won’t be owning Preston unless there is a major change of fortunes.

Purchases of land and facilities like Deepdale, the Euxton and Springfields training grounds and the proposed Ingol training ground may have complicated matters.

Having pulled out of the pursuit of Derby County in December, this is another failed takeover attempt from Kirchner. Dubai Desert Classic - Previews
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Kirchner, the co-founder and CEO of logistics company, has now broken his silence on social media today.

Kirchner posted a cryptic message, simply stating ‘in time, everything will make sense’- his first words since the Preston deal fell through.

Whether Kirchner intends to come back in with another offer or simply move on to another club, it seems the American is hopeful for the future.

What the future holds for Preston and the ownership of the club is anybody’s guess.

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