ian1964 10,870 Posted April 4, 2012 Share Posted April 4, 2012 PAUL MURRAY last night launched his sales pitch for Rangers and insisted: This is the BEST offer youâ??ll get. Murray and his Blue Knights were one of four bidders to make the 5pm deadline. He is the only British contender left after Brian Kennedy stalled on a fresh offer for the stricken SPL champions. The three other bids came from Singapore, America and Germany. Bookies instantly installed former Gers director Murray as 11/8 favourite to win Duff & Phelpsâ?? approval as preferred bidder. That would put the Borders-based businessman in pole position to seize control at Ibrox as he attempts to steer the crisis-hit club away from the threat of liquidation. And Murray last night claimed his best and final offer is the one the administrators should embrace. He said: â??Weâ??re determined to try and save the club in its current form. â??We strongly believe there is value to be gained from the financial and football benefits a CVA can deliver that would be immediately lost if the club went into liquidation. â??We are confident in the strength of our bid and the consortiumâ??s unique ability to rapidly return financial stability to the club. â??As a Rangers fan first and foremost, I want to bring a swift end to the current uncertainties that are clouding the club. Our bid can deliver this.â? The Blue Knightsâ?? bid is believed to be worth £10million, and they have an agreement in principle with Ticketus to wipe £17m off the debt they are owed by Rangers. Sale Sharks owner Brian Kennedy, who saw his bid rejected last week, is also backing Murray and the Blue Knights. However, the 51-year-old will return to the bidding war next week if preferred bidder status goes to one of the overseas groups. Itâ??s understood the American offer â?? worth £25m â?? was lodged by investors who were part of the consortium put together by Club 9 Sports, who pulled out of the running for Rangers on Tuesday. Business magnate Bill Ng is the major figure in the Far East consortium but, as yet, little is known about the mystery German-based company. Duff & Phelps were delighted to secure four bids. Now more detailed discussions are planned with preferred bidder status likely to be confirmed in the next seven days. Bean counter David Whitehouse hopes that will ensure Gersâ?? exit from administration BEFORE the end of the season. He said: â??We estimate that an exit from administration before the end of the season is achievable.â? Read more: http://www.thescottishsun.co.uk/scotsol/homepage/sport/spl/4239873/Murray-vows-he-will-save-the-club.html#ixzz1r7Er1j88 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,870 Posted April 4, 2012 Author Share Posted April 4, 2012 BRIAN KENNEDY has his advisors on standby. The Sale Sharks owner’s second bid to rescue Rangers is ratified and ready to go and the man himself is poised to drop everything and catch the first flight home. Edinburgh-born Kennedy might be more than 3,000 miles from home, but he remains at the heart of the fight for the stricken Ibrox club. Yesterday’s deadline for bids passed without a fresh offer from Kennedy. But in a SunSport exclusive, the 51-year-old has explained why he could yet return to the table. From his base in New York, Kennedy said: “I’ll continue to monitor this situation very closely. “All my advisors are by their telephones 24 hours a day and we’re ready to respond if need be. “I’m in America, but if we are to move then, of course, I’ll be on the first plane home. “I’ve promised from day one I would not compete with the Blue Knights and that still stands. “But I have also maintained I will not stand by and watch an institution like Rangers Football club liquidated. That still stands too. “But I will only be called upon if the Blue Knights bid is rejected. “If I was the administrators and they didn’t choose the Blue Knights then I would think it would be sensible to contact me and see if my alternative bid is more acceptable. “I am a reluctant bidder, but I’m much more reluctant to see Glasgow Rangers go into liquidation.” If he takes over at Ibrox, Kennedy is understood to favour negotiations with HMRC as he believes they hold the key to securing a Creditors Voluntary Agreement. Administrators Duff & Phelps have started investigating the consequences of liquidation for Gers, in anticipation of new owners looking to form a newco. But Kennedy said: “If the administrators go down the road with someone else and that someone else is looking to liquidate the old co and form a newco, then I will move. “With a newco you have the complexities around European qualification, SPL qualification, players’ contracts and be mindful of the fact the manager is trying to rebuild for next season. “It would have catastrophic results for Rangers. “I have said to the administrators that, at that point, if that’s the road they’re going down, then I will submit another bid on the basis of a CVA. “They have no issue with a late bid. “They know where I am coming from and they are quite happy to have me there in the background if everything else fails.” Read more: http://www.thescottishsun.co.uk/scotsol/homepage/sport/spl/4239770/Pick-wrong-bidder-and-Ill-be-back-like-a-shot.html#ixzz1r7FRdvMs 0 Quote Link to post Share on other sites More sharing options...
54andcounting 0 Posted April 4, 2012 Share Posted April 4, 2012 The three other bids came from Singapore, America and Germany. Bookies instantly installed former Gers director Murray as 11/8 favourite to win Duff & Phelps’ approval as preferred bidder. I'm enthralled...I know they say the bookies are never wrong. But what do they know that the rest of us dont? 0 Quote Link to post Share on other sites More sharing options...
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