AN UNEXPECTED but serious bid for Rangers from an all British consortium has been lodged with the Ibrox Administrators.
It comes just 24 hours after Express/Starsport exclusively revealed that an offer from an overseas group was being pursued by Duff and Phelps.
Yesterday's development means it's now a four way fight for control with Administrators David Whitehouse and Paul Clark planning to dissect the individual proposals before deciding on one - or maybe two-- who will be given " preferred bidder status " once the court case involving a £24m deal struck between Craig Whyte and Ticketus is resolved later this week.
Previous offers have come from a consortium called the Blue Knights and headed by former director Paul Murray, the Sale Sharks owner Brian Kennedy and a US-based group.
A fifth bidder believed to be based in the middle east has indicated it will be making a proposal but has yet to follow it through with proof of funding.
Tussle is on for Rangers
The ultimate winner will have to approach creditors and ask for a company voluntary agreement, seeking a pence-in-the-pound deal to repay them in part so that the club can exit administration.
If that can't be secured with holders of 75% of the value of the debt then there remains a possibility that the club could be liquidated.
http://www.express.co.uk/posts/view/309453