Tannochsidebear 2,429 Posted April 17, 2012 Share Posted April 17, 2012 I can agree that he certainly seems to like his own reflection, Mr Kennedy, and is not shy to speak to the press when asked. Actually though, I think what he said today can give the fans some comfort in that while he is not our preferred choice (nor Admins), he repeats the line that he wont let the club go into liquidation, and todays reminder in the wake of TBK's withdrawal can surely be seen as reaffirming his original position, which isnt a bad one for us to have as a back-up plan. 0 Quote Link to post Share on other sites More sharing options...
Bears 0 Posted April 17, 2012 Share Posted April 17, 2012 Not sure about that. As long as he's not on the table, he's no threat. IMHO, much of what is being made of him possibly having a disruptive influence or someone looking with "intent" is probably ill-meant/story-driven media stuff. It actually comes from something Frankie said. If Ng pays the £500,000, it gives him two weeks exclusivity. Once that 2 weeks is up then Brian K can come in and buy us. That’s the way i read it, if i’m wrong i apologise 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,114 Posted April 17, 2012 Share Posted April 17, 2012 So in essence, to have him lingering about with the intent to save us from liquidation (and himself from the wrath of his Rangers-daft wife) can't be that bad?! That's my interpretation of it too. 0 Quote Link to post Share on other sites More sharing options...
CumbernauldGers 0 Posted April 17, 2012 Share Posted April 17, 2012 Can somebody please tell me how he could save the club if whoever buys it wants a newco? How can he stop this once they have bought the club? 0 Quote Link to post Share on other sites More sharing options...
der Berliner 3,834 Posted April 17, 2012 Share Posted April 17, 2012 Can somebody please tell me how he could save the club if whoever buys it wants a newco? How can he stop this once they have bought the club? Maybe I'm wrong, but any new owner (of the shares) can sell the club to his heart's content if someone gives him the money? 0 Quote Link to post Share on other sites More sharing options...
calscot 0 Posted April 17, 2012 Share Posted April 17, 2012 Can somebody please tell me how he could save the club if whoever buys it wants a newco? How can he stop this once they have bought the club? A CVA will be of more interest to creditors than liquidation as to make it attractive it will pay out more than the proceeds of liquidation. Therefore any bid that includes a CVA will take precedence before a newco one. Kennedy would therefore put in a bid at the last minute if the preferred bidder was going down the newco route BEFORE it is sold. Pretty straight forward... 0 Quote Link to post Share on other sites More sharing options...
Bears 0 Posted April 17, 2012 Share Posted April 17, 2012 A CVA will be of more interest to creditors than liquidation as to make it attractive it will pay out more than the proceeds of liquidation. Therefore any bid that includes a CVA will take precedence before a newco one. Kennedy would therefore put in a bid at the last minute if the preferred bidder was going down the newco route BEFORE it is sold. Pretty straight forward... Not to all of us Thanks, that’s ironed that one out for me mate 0 Quote Link to post Share on other sites More sharing options...
CumbernauldGers 0 Posted April 17, 2012 Share Posted April 17, 2012 A CVA will be of more interest to creditors than liquidation as to make it attractive it will pay out more than the proceeds of liquidation. Therefore any bid that includes a CVA will take precedence before a newco one. Kennedy would therefore put in a bid at the last minute if the preferred bidder was going down the newco route BEFORE it is sold. Pretty straight forward... Cheers mate, So if any bidder was intending to go down the newco route we would all know this and it would give say Kennedy or anybody the chance to bid at the last min? 0 Quote Link to post Share on other sites More sharing options...
Juancornetto 1 Posted April 17, 2012 Share Posted April 17, 2012 Kennedy is a nice fall back to have waiting in the wings, he simply won't allow the club to go down the liquidation route. That is nice to know. 0 Quote Link to post Share on other sites More sharing options...
ian1964 10,761 Posted April 18, 2012 Share Posted April 18, 2012 BRIAN KENNEDY is poised to re-enter the race for Rangers — just 48 hours before a preferred bidder is named. The Edinburgh-born businessman has mobilised his advisors after Paul Murray’s Blue Knights withdrawal from the running. Kennedy is thought to be deeply concerned at the lack of leadership at crisis-hit Rangers and is seeking fresh talks with administrators Duff & Phelps. The 51-year-old had his initial bid to take over Gers rejected three weeks ago but he always maintained he’d reluctantly return to the negotiating table if required. Kennedy wants to avoid the doomsday scenario of liquidation, but fears time is now running out for Gers. He said: “I do not want to distract the time-critical process of appointing preferred bidders. However, should this fall through with the effect of endangering the existence of Rangers Football Club, I would reconsider my position.” Singapore businessman Bill Ng is in the box seat to land Rangers after Murray and his Blue Knights stepped back from the process on Monday. Ng has yet to hold talks with Gers boss Ally McCoist and SunSport understands that is providing some cause for concern. Ng — who heads up the five-man Singapore consortium — has spoken with Craig Whyte, who, as we revealed yesterday, is ready to sit down with Ng to thrash out a deal. Former chairman Whyte has no plans to speak to US tycoon Bill Miller, the only other bidder left. Meanwhile, Ng has denied that he has struck a deal with Ticketus. The Blue Knights pulled out after admitting they couldn’t match the agreement Ticketus and Ng’s consortium had in place. But Ng claimed there was NO agreement and would not be drawn on claims his consortium had offered £14million and more immediate repayments to the firm who funded Whyte’s controversial takeover last May. He said: “We have not agreed on any terms with Ticketus.” As things stand, Ng is in a two-way fight for Gers with Miller. He added: “The apparent withdrawal from the bidding process by the Blue Knights means only that the chances of taking over increases for the two remaining bidders.” Ticketus say they are committed to finding the best possible solution for Gers and they are happy to work with whichever bid the administrators think is best for the club. Ng has contacted Ticketus because they are currently the biggest creditor, although HMRC could be owed more should the tax case go against Gers. US-based Miller insisted last week he had no plans to team up with Ng and last night the Far East businessman confirmed he wants no part of an alliance with Miller. Ng said: “The best interest for Rangers will be the best bid, we accept this as a matter of fact. “I do not have the facts of what Mr Bill Miller has proposed. “I only know what I can do and what my plans are for the club, if I prove to be successful.” Paul Clark, joint administrator, said: “We would like to inform all the Rangers supporters discussions have been held between members of the administration team and the two remaining bidders. “A number of issues have been examined and we have made it clear to all those involved in the bidding that it is of paramount interest to the club that a satisfactory deal be concluded without any further delay. “It is our intention to announce a preferred bidder this week.” That will please boss McCoist, who admitted the uncertainty over the club’s future was deeply concerning. He said: “Like all Rangers fans, I think the sooner the preferred bidder status is announced it would be a big, big step in the right direction. “The uncertainty and lack of clarity about the future is obviously really concerning and worrying for everyone. “We have pre-season games and tours to try to arrange and all these things and players coming and going helps make it concerning.” Read more: http://www.thescottishsun.co.uk/scotsol/homepage/sport/spl/4263088/Kennedy-is-eyeing-up-a-Gers-return.html#ixzz1sLedIj4m 0 Quote Link to post Share on other sites More sharing options...
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