ian1964 10,858 Posted March 18, 2012 Share Posted March 18, 2012 RANGERSâ?? administrators are expecting a fourth offer for the club from a Middle East group. Three bid were lodged on Friday from the Blue Knights consortium fronted by former Ibrox director Paul Murray, Sale Sharks rugby club owner Brian Kennedy and Club 9 Sports, based in Chicago. But Paul Clark of Duff and Phelps revealed he expects another offer over the next 48 hours. He said: â??I wonâ??t name names, but there are extra parties keeping to themselves and getting on with it. â??One party said they would not be able to make an indicative bid by last Fridayâ??s deadline and asked if that meant they were out, but it doesnâ??t. â??Weâ??re happy to speak to people until weâ??re in a closed-out period. They appear to be credible and weâ??ll see what they bring. ì I wonâ??t name names, but there are extra parties keeping to themselves and getting on with it î Paul Clark â??If anybody else new comes along we will still listen to them. Weâ??re going to get on and move it forward now, but itâ??s not too late.â? Murray had hoped the sale could be concluded quickly, but Clark has cautioned against that. He has also stressed an emotional attachment to the Ibrox club is less of a factor than which bid has the most financial clout. Clark said: â??Itâ??s a time for cool heads. Weâ??ve had bids and weâ??re pleased with them but there are still several big issues we need to deal with. â??Weâ??re going to get on and move it forward now. â??There was comment about whether we could get it resolved before Old Firm game. â??That would be very optimistic. It will be clearer by that stage but I donâ??t think the position will be completely resolved. â??We have to work out what each bid means and then sit down face to face with the parties and go through it and make sure we know what the deal will look like. â??I donâ??t think we can give any substantial weight to an emotional attachment to the club, so really itâ??s about the financial side of it. â??What I would say is that those with an emotional attachment and financial backing would find themselves well-placed. â??Itâ??s mainly about how much money theyâ??re sticking into the creditorsâ?? pot but having said that there are within the offers for several of them details of how they see the club going forward and we take that into account. â??But, principally, itâ??s about what goes into the creditorsâ?? pot.â? Clark also revealed he has met Craig Whyte during the past week in an attempt to resolve his own demands. He added: â??Weâ??ve had ongoing discussions with Craig to try and finalise some of these issues. â??I remain confident Craig Whyteâ??s position will not be an impediment to a sale. â??I wonâ??t say exactly what that means, but weâ??ve had discussions and we think it can be resolved.â? Clark has admitted the decision of the SPL and SFA to investigate Rangers is ill-timed from the administratorsâ?? perspective. He said: â??Itâ??s unfortunate that there are so many issues. â??It would have made our life easier if they didnâ??t exist, but we understand why they exist. â??I donâ??t think any bidder has been warned off by it, but theyâ??re asking if there is any more to come. â??At some point weâ??ll have to go to the football authorities and say, â??Is this it or is there other things coming round the corner?â?? â??Itâ??s noise we could do without, but itâ??s necessary for the football club. We need to go through this.â? http://www.express.co.uk/posts/view/308821/Middle-East-bid-expected-for-Rangers 0 Quote Link to post Share on other sites More sharing options...
der Berliner 4,119 Posted March 18, 2012 Share Posted March 18, 2012 Whether this one (at the bottom) is from the Middle East remains to be seen, but anyway ... Rangers takeover: Administrator confirms another Rangers bidder By TOM ENGLISH Published on Saturday 17 March 2012 23:59 The Rangers administrators have confirmed that there is no hope of bringing certainty to the Rangers takeover scenario before Sunday’s Old Firm match at Ibrox. On Friday, Paul Murray, the head of the Blue Knights consortium, said there was no reason why Duff & Phelps couldn’t bring clarity to the future of the club before Celtic’s arrival for what may yet be a title decider. “It would provide a massive boost to the team and its fans ahead of such an important game,” said Murray. No such boost seems likely, however. It’s been reported that Rangers are in receipt of three bids as it stands – the Blue Knights consortium, the solo effort from Brian Kennedy and the third from the Chicago sports, entertainment and media group Club 9. It is understood, though, that one other foreign party tabled a bid on Friday and supposedly another, a Middle Eastern group, contacted the administrators on Thursday evening and may also lodge a bid early this week. Other joke bids have been received. A grandfather wrote a letter to the administrators saying he would like to buy the club for his grandson’s birthday. Another offered three empty bottles of Irn-Bru –“worth a few quid if you bring them back to the shop,” said the prankster. “That ought to cover it.” Of the real bids, Paul Clark of Duff & Phelps refused to say whether one was stronger than another, saying instead that any of them could win and that there is still time for new bidders to enter the picture. The supposed deadline of Friday seems to have been more of a hurry-up to interested parties, all of whom had placed qualifications on their bids pertaining to Craig Whyte, the big tax case and the on-going scenario with Ticketus and its claim on 100,000 Rangers season tickets over the next four seasons. The Court of Session in Edinburgh will resume debate on that matter tomorrow. One of the bidders, Brian Kennedy, said his offer was predicated on all these factors being “cleaned up”. All other offers would be, too, he said. Clark is confident of delivering a clean club to the preferred bidder. The administrators met Whyte last week. “We’ve had discussions with Craig and in fact I met him earlier in the week just to try and finalise some of these issues,” Clark said. “I remain confident that Craig Whyte’s position will not be an impediment to a sale. “It’s a time for cool heads,” he added. “We’ve had bids and we’re pleased with them but there are still several big issues we need to deal with. We’re going to get on and move it forward now. “There was comment about whether we could get it resolved before Old Firm game. That would be very optimistic. It will be clearer by that stage [next Sunday] but I don’t think the position will be completely resolved. We have to work out what each bid means and then sit down face to face with the parties and go through it and make sure we know what the deal will look like.” Though the Blue Knights, headed by the only Rangers fan in the bidding process that we know of, may be the fans’ choice, sentiment will not come into the minds of the administrators when assessing what’s on the table. “I don’t think we can give any substantial weight to an emotional attachment to the club, so really it’s about the financial side of it. What I would say is that those with an emotional attachment and financial backing would find themselves well-placed. It’s mainly about how much money they’re sticking into the creditors pot. Principally, it’s about what goes into the creditors pot.” Clark said that that the interested parties have been asking about the various SFA disciplinary charges facing the club as well as the SPL inquiry and what the ramifications may be. It’s a further complication to doing a deal. “It’s unfortunate that there are so many issues,” said Clark. “It would have made our life easier if they didn’t exist. I don’t think any bidder has been warned off by it, but they’re asking if there is any more to come. At some point we’ll have to go to the football authorities and say, ‘Is this it or is there other things coming round the corner?’ It’s noise we could do without, but it’s necessary for the football club. We need to go through this.” On the latest potential bidder, who emerged on Thursday evening, Clark was saying little apart from confirming that at no point has their name been mentioned in the newspapers since this process began. “There are more than three bids already lodged and we expect this one to be lodged early this week. There are parties that are keeping themselves to themselves and getting on with it. “These people got in touch and we swapped non-disclosure agreements with them and they had access to our online data room on Friday. They made it clear they wouldn’t be in a position to make even an indicative bid by the deadline and they asked ‘does that mean we’re out?’ We said no. We’re happy to speak to people until we’re in a closed-out period. They’re not people I have dealt with before. They appear to be a credible party and we’ll see what their work over the weekend brings.” 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,858 Posted March 19, 2012 Author Share Posted March 19, 2012 Brian Kennedy remains the favourite to take over Rangers talkSPORT's Scottish correspondent Tom Miller claims there might be a late bid from the Middle East for Rangers, but Brian Kennedy, owner of Sale Sharks, remains the favourite. http://www.talksport.co.uk/radio/sports-breakfast/blog/2012-03-19/miller-brian-kennedy-remains-favourite-take-over-rangers 0 Quote Link to post Share on other sites More sharing options...
calscot 0 Posted March 19, 2012 Share Posted March 19, 2012 Never knew he was the favourite before to "remain" the favourite. But he's my favourite at the moment so that sounds good to my ears. I really dislike Man City for the middle eastern money that is making a mockery of the EPL and deep down wouldn't really want that for us, but right now a scenario like that at Rangers would be so funny for the total meltdown it would cause... 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted March 19, 2012 Share Posted March 19, 2012 It's certainly getting interesting, don't think for a minute it's going to be over quick but it's certainly interesting. And can someone please tell me why the f#^k it's taking the judge so long on the tax case, get a move on your honour the suspense is killing me, and the guys on Erskine bridge watch want to go home to the wife and family. 0 Quote Link to post Share on other sites More sharing options...
Stefanovitch 0 Posted March 19, 2012 Share Posted March 19, 2012 It's certainly getting interesting, don't think for a minute it's going to be over quick but it's certainly interesting. And can someone please tell me why the f#^k it's taking the judge so long on the tax case, get a move on your honour the suspense is killing me, and the guys on Erskine bridge watch want to go home to the wife and family. There are three judges involved and I guess they have to reach accord or does a majority verdict prevail? The verdict is long, long overdue though and surely must be imminent. 0 Quote Link to post Share on other sites More sharing options...
der Berliner 4,119 Posted March 19, 2012 Share Posted March 19, 2012 I seem to remember that after the last round of talks in January, the "deadline" for a decision was said to be early April. 0 Quote Link to post Share on other sites More sharing options...
craig 5,199 Posted March 19, 2012 Share Posted March 19, 2012 In these tribunals the judges often take the maximum time possible to reach their decision. I think (cant be sure because I only really know about arbitrations, which is slightly different to this) that they can take 90 days from the end of the hearing. Could definitely be wrong though. 0 Quote Link to post Share on other sites More sharing options...
Guest Dutchy Posted March 19, 2012 Share Posted March 19, 2012 yeah, I read the 90 day thing somewhere. 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted March 19, 2012 Share Posted March 19, 2012 90 days for 3 guys to reach agreement, can you imagine if a jury took so long the judge would be going mental. 0 Quote Link to post Share on other sites More sharing options...
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