It's liquidation, but done in such a way to get around a normal CVA process and to dodge SPL/SFA sanctions. If it went ahead, I'd be extremely surprised if the promised merger ever took place. I can see so many objections to this from various parties, not least the Rangers support.
It now appears that he has taken a step back just like TBK and laying the blame at the door of D&P's inability to deliver Whyte's shares and that there would be insufficient time to exit by a CVA.
The bidders were told to put in their 'best and final' bids. The administrators are there to pick the best bid.......or not.
D&P are the ones who have a decision to make.
They've already binned Kennedy and the Germans. So, bin the other three as being unacceptable, or fucking pick the best one and get on with the process!
Of course, but it's his own pet journalist who is twisting it! When you start spinning stories, you leave yourself open to suspicion in every subsequent article.
It must be remembered that Kennedy is marketing his move to Salford with a series of Open Days in order to flog ST's.
Being seen to be passionate about sport wouldn't do that any harm.
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