ian1964 10,761 Posted March 9, 2012 Share Posted March 9, 2012 The â??Blue Knightsâ?, led by Paul Murray, today confirm that they are finalising an offer for Rangers Football Club (â??the Clubâ?) in partnership with fansâ?? representatives (from the Rangers Supporters Assembly, the Rangers Supporters Association and the Rangers Supporters Trust) and Ticketus (together, â??the Consortiumâ?). The members of the Consortium are united in their belief that a collaborative approach is essential in securing the Clubâ??s future through a CVA, thereby achieving a fair and fast resolution that will put the Club on a secure financial footing. Through a CVA rather than liquidation, the Club will benefit from being able to qualify for future European competition and access the significant revenues associated with this. Preserving this revenue stream, and the Clubâ??s 140 year old legacy, is paramount and in the best interests of all parties. Paul Murray said: â??I believe that the Blue Knights, working in collaboration with the fans and Ticketus, are able to deliver an attractive solution that will see the Club emerge from administration with a clear plan for the future that will bring the financial stability that the Club needs.â? â??We firmly believe that a CVA is the best way forwards and we are working hard to offer a solution that will enable this to happen. As the Administrators have stated, the alternative route of putting the Club into liquidation is much less attractive for creditors, supporters and players, with its capacity to destroy value. Under current UEFA rules, a football club is banned from European competition for three years in the event of liquidation. Taking this route would have a significant impact on Rangersâ?? future revenues and the overall financial viability of the Club, so it is something we want to avoid.â? Ticketus stated: â??We believe that the Blue Knights understand very clearly what needs to be done to stabilise the Club, and represent the most attractive long-term solution to Rangersâ?? financial situation. We are therefore backing their bid and will be an active partner, contributing to a successful outcome. We believe working alongside the Blue Knights and fansâ?? representatives offers the best chance of the Club surviving and becoming a viable business.â? The Consortium is confident that the Club can achieve financial stability through appropriate restructuring and the appointment of a new and experienced board with a sensible business plan. The Consortium have spoken to the Administrators today to tell them that they will be working together to buy the club out of the CVA process and will be meeting the Administrators to discuss the proposed deal in detail on Monday. The Consortium will continue to work with the Administrators as it finalises its bid in order to bring a swift resolution for the Club, its fans and employees. For all media enquiries, please contact: Luther Pendragon Oli Winton / Leigh Marshall / Simon Whale ticketus@luther.co.uk / +44 (0)207 618 9104 0 Quote Link to post Share on other sites More sharing options...
Bluedell 5,679 Posted March 9, 2012 Share Posted March 9, 2012 Let's remember that Ticketus were the company that when buying our future season tickets did not see fit to pay the money to the club but paid it to another company. Is that really the company that we want as our owners? 0 Quote Link to post Share on other sites More sharing options...
Jim White 0 Posted March 9, 2012 Share Posted March 9, 2012 Paul Murray's Blue Knights consortium are finalising an offer to buy Rangers with the shock backing of Ticketus. More... 0 Quote Link to post Share on other sites More sharing options...
Jim1955 12 Posted March 9, 2012 Share Posted March 9, 2012 Let's remember that Ticketus were the company that when buying our future season tickets did not see fit to pay the money to the club but paid it to another company. Is that really the company that we want as our owners? I do not want to see Ticketus anywhere near my club! 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,761 Posted March 9, 2012 Author Share Posted March 9, 2012 Let's remember that Ticketus were the company that when buying our future season tickets did not see fit to pay the money to the club but paid it to another company. Is that really the company that we want as our owners? Clarity on Ticketus involvement is certainly required before it sits comfortable with me 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted March 9, 2012 Share Posted March 9, 2012 I thought things were going too well today. The roller coaster has suddenly taken a lurch. 0 Quote Link to post Share on other sites More sharing options...
capstans 0 Posted March 9, 2012 Share Posted March 9, 2012 where do the fan group leaders fit in ? are dingwall et al elected or proposed something tells me it would be the latter. 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,761 Posted March 9, 2012 Author Share Posted March 9, 2012 'Jumping from the frying pan into the fire'...................? 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted March 9, 2012 Share Posted March 9, 2012 There was a Statement posted on the RST site about 40 mins ago, but it's erm... rather brief: Statement on Paul Murray Takeover Bid Friday, 09 March 2012 20:45 Rangers fans have been waiting for a plan to clean up the mess left by Craig Whyte and Paul Murray and his Blue Knight's proposals could do just that. They also have the potential to pave the way for supporters holding a significant and meaningful stake in our club. The RST has been in regular dialogue with Paul Murray and the Blue Knights and will continue to work with them to deliver a package that returns financial stability to the club and puts supporters at the heart of its control. _____________________________________________________________________________ . Well that cleared up all of the important questions in the minds of all the people who'd like to know what on earth is going on and why Ticketus are part of the BK consortium. Thanks for the clarification! 0 Quote Link to post Share on other sites More sharing options...
bluebear54 0 Posted March 9, 2012 Share Posted March 9, 2012 Once again, a reminder that 50,000 bums on seats is a powerful argument. We either like or don't like. 0 Quote Link to post Share on other sites More sharing options...
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