In what could be considered a greatly overdue act of kindness by the Board of Directors of Slync.io, CEO Chris Kirchner has been suspended from his position at the helm of the embattled logistics software company. My question is will Kirchner ever step back on U.S. soil or not?
The most loyal employee base I have ever seen
One thing to be said about the Slync.io employee base is that they’re committed to the company. Being owed over two months in back pay would be a deal breaker for me. But it says a lot about how passionate the employees are about their product and the future of the company.
Company directors finally stepped in and had what could be called a “corporate intervention.” The Board voted to suspend Kirchner on Friday, July 22, according to a Forbes article posted the following Monday. They elected Tim Kehoe, Kirchner’s former chief of staff, to the position of Interim President of the company. He will report all matters directly to the Board of Directors.
When Forbes attempted to reach out to Kirchner for comment, his work email address appears to be out of order. Also, it looks like his former Twitter handle @cskirchner is also dead on arrival. Has Kirchner retained a “damage control” firm to help keep him out of further trouble?
Kirchner wants refund on Derby County Football Club buyout attempt
What a mess this European Football League fiasco has developed into. According to the YouTube channel Synergy Football, Kirchner is now trying to recoup monies used to pay for salaries paid to a team he did not own. Kirchner apparently cared more about paying for something he did not own than the company he was responsible for.
The more you think about it, the more it appears that Kirchner actually got played by the football club. Kirchner had arranged for Triple S Sports and Entertainment Group to loan the money for the team’s wages, bringing it out of bankruptcy administration. That made the team open to be sold to Kirchner.
But due to “several European and British banking holidays,” according to a statement from Kirchner, he was unable to transfer the funds necessary to finalize the bid. After a deadline set by League One passed, the preferred bidder status was pulled from Kirchner.
David Clowes, a fan of the Derby County Rams FC, had already finalized a deal to purchase Pride Park, the stadium grounds which was home to Derby FC. He was able to not only obtain the park, but take over staff and team wages, and purchase said team without having to pay off the bankruptcy terms.
That saved the local businessman several million British pounds, and put the team in the hands of someone the fans preferred. The local fans were so ecstatic that they were literally crying on BBC Radio. Now Kirchner is begging the team to repay the funds he paid to it, so he can make good on the loan he is tied to.
Where in the world is Chris Kirchner?
With Kirchner now blanked out from the world at large, one can only wonder what his plans are now. One can only hope he has turned over all the keys at Slync.io. It desperately needs someone more committed at the helm than Kirchner. I hope he does not have the capability to continue siphoning off funds to continue his lavish lifestyle.
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3 Comments
Thank you for this coverage! Much appreciated.
I have to disagree though that it seems Kirchner was taken advantage of by Derby County Football Club. He agreed to pay the team’s wages for May, and was unable to, so Wayne Rooney’s agent, Paul Stretford and company, under Triple S Sports & Entertainment Group, stepped in on his behalf to do so. The fact that Chris Kirchner is now trying to get those wages paid from DCFC is outrageous — and I think clearly a ploy to add some time with lawyers dragging out the process of him repaying Triple S. as he contracted to do.
CK got himself thoroughly into this mess all on his own, and played both Derby and Slync for fools while (it seems, allegedly, etc. boilerplate) he enriched himself with a lux house, private Dallas golf club membership, private jet and a Ferrari while the Slync staff were hung out to dry, taking out loans or selling stock in bad times to cover their mortgages and other bills. He is no victim.
Never said he was a victim, lol. More or less an ignoramus for trying to pull this stunt and now trying to dig himself out of the septic tank he has landed in.
Fair enough! Admittedly, I have a real sore spot regarding CK’s actions at Slync and clearly have no sympathy for him. DCFC almost was destroyed as well, as he dithered with buying the team, with the supposed bank holidays holding up his magic beans. I am amazed he thought he could finesse grabbing money (allegedly — hopefully it will come out from where exactly) to add rich trappings to his life, like some gold-plated Katamari Damacy video game ball as he rolled around the globe.