Statement from Assembly, Association and Trust re: Duff & Phelps

[ian1964 10,724]

STATEMENT FROM THE RANGERS SUPPORTERS ASSEMBLY, SUPPORTERS ASSOCIATION AND SUPPORTERS TRUST

 

"Rangers fans worldwide have been very patient during the the recent difficult period in the hope that we will exit administration and be able to work towards re-establishing our club at the level to which we all aspire.

 

However, the delay in the administrator's announcing the preferred bidder is seriously jeopardising our chances of exiting administration quickly and is forcing us closer to liquidation.

 

With the proposed SPL rule changes meaning we may not be competing on an equal footing for the next two seasons, it is imperative we have the chance to exit administration with a Company Voluntary Agreement and that has to happen as soon as possible.

 

We demand that the administrators announce the preferred bidder as a matter of urgency. If they fail to do so on Monday 16 April 2012, we demand to be informed precisely why they cannot announce a preferred bidder."

[chilledbear 16]

Chris McLaughlin ‏ @BBCchrismclaug

Reply D&P say situation was explained to fans. They're puzzled by the fans statement

 

 

Chris McLaughlin ‏ @BBCchrismclaug

Reply Preferred bidder extremely unlikely to be announced tomorrow. US bidders still to meet #SPL and Knights querying exclusivity fee

[der Berliner 3,747]

The last thing the supporters groups should do is putting pressure on the admins. It seems that many people assume this takeover can be handled like a transfer. I do expect it to be a legal minefield which is trying to make the best out of the monetary minefield SDM, Lloyds, and Whyte left us with. The admins will have to follow their guidelines - strict guidelines - step by step and that needs time. I don't like that, you don't like that, but still, it needs to be done. Not everything can be adressed by doing a couple of phone calls to all bidders et al when e.g. that SPL proposal appears on the scene.

 

BTW, as long as the HMRC case is out there, anything the admins do ahead of an announcement may very well go t*ts up once the judges will indeed make their verdict public. We just as well can wait on the verdict ...

[Ergatrude 0]

What is the £500k exclusivity fee all about?

[forlanssister 3,114]

RSA solo update.

 

The administrators have been in contact with Assembly President, Andy Kerr, this evening (Sunday) and have confirmed that the announcement of a preferred bidder was advanced towards a conclusion late last week but, unexepctedly, there is a key process issue that needs to be resolved before the announcement can be made. They have been working on that over the weekend and hope to have it resolved this coming week.

[GovanAllan 0]

Jeez it used to be the next 48 hours now it's the next 7 days.

[chilledbear 16]

I'll be the first to admit, all this Admins, CVA and Preferred Bidder is new to me.

 

Also I am as impatient as everyone else to get to end game.

 

But what I don't want is for this to near the end and then to be held up by mistakes made at this point in time.

[Bears 0]

I'll be the first to admit, all this Admins, CVA and Preferred Bidder is new to me.

 

Also I am as impatient as everyone else to get to end game.

 

But what I don't want is for this to near the end and then to be held up by mistakes made at this point in time.

 

 

I’m the same but my patience is waring very thin. Like you i’d rather they took their time and got everything right the first time rather than make a ballbag of something by rushing it

[GovanAllan 0]

I’m the same but my patience is waring very thin. Like you i’d rather they took their time and got everything right the first time rather than make a ballbag of something by rushing it

 

The problem thou Bears is this mob take their time and still seem to make a balls of it.

[der Berliner 3,747]

The problem thou Bears is this mob take their time and still seem to make a balls of it.

 

Yes, and we all think what they charge is too steep. Still, that is the going rate for high profile folk like them and other clubs and companies have been in admin for years (and not folded because of it). While everyone wants this to be completed sooner rather than later, a tricky administration period of three to four months ain't that long by comparrisson, I would assume.