Kennedy back in the mix?

[the gunslinger 3,366]

in todays record Kennedy says he is bidding to put pressure on the admins to accept one of the two viable bids hid or the blue knights.

 

basically says the other two bids are timewasters.

 

says there is no reason to not name himself or the blue knights this week as preffered bidder. also days it will be a disaster if they don't.

 

his bid is over 10 million and puts ticketus in the cva pot.

 

it seems to me he's working with the blue knights to force ticketus and duff and Phelps hand.

[chilledbear 16]

Let's see how the Admins react.

 

 

Also noticed this.

 

 

Allan Rennie ‏ @balmyle

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FavoritedFavorite · Close Open Details #daily record #Rangers Kennedy confirms our exclusive that he's back in for Rangers AND a fourth bidder joins race.

Edited April 19, 2012 by chilledbear

[Bears 0]

Have toHave to admit the snidey wording of Brian K’s statement doesn’t sit well with me. Is he himself a “pretender”?

[Stefanovitch 0]

BRIAN KENNEDY and Paul Murray last night re-entered the race to save Rangers.

And as Kennedy fired in a bid that is DOUBLE his previous offer, both men joined forces to urge administrators Duff and Phelps to let one of them get on with job before itâ??s too late.

Record Sport revealed yesterday an increasingly anxious Kennedy had decided to launch an 11th-hour bid to keep the club alive, despite having been knocked out of the takeover battle last month.

Yesterday, as the clock continued to tick down towards liquidation without a preferred bidder being named, the Sale Sharks owner held crisis talks with administrator Paul Clark where he upped his original offer by 100 per cent.

And we can now reveal that late last night, Murray was also preparing to step back to the table after running out of patience with the foreign bidders who have failed to strike a deal to save the club.

Speaking exclusively to Record Sport last night Kennedy revealed: â??I have been in constant contact with Paul Murray throughout the day as we are both hugely concerned about the time this process is taking.

â??Both of us believe the situation is time critical. We agree that a decision to select a preferred bidder simply cannot be delayed any further.

â??Iâ??ve made my own intention clear by doubling my bid. The new offer is in the double digit millions with minimal conditions attached in order to facilitate a speedy decision.

â??The administrators have already described Paulâ??s offer as being very strong. So there is really nowhere to hide now, they have to move and they have to move now.

â??As far as I am aware, they only have two credible bids on the table. Letâ??s choose Paul Murray and the Blue Knights or myself and get on with the job of saving Rangers.â?

Both Kennedy and Murray believe that in order for the club to survive in its present form one of them has to be handed the keys to Ibrox before the weekend.

With American tycoon Bill Miller and Bill Ngâ??s Singaporean consortium continuing to stall over their bids, Kennedy launched his salvage mission at breakfast time yesterday.

Sources close to the discussions insist the 51-year-old is willing to come up with £500,000 immediately to secure the status of frontrunner.

And Kennedy added: â??I can confirm I held fresh discussions with Paul Clark. As I say, I have verbally improved my original offer and I am looking forward to the administrators contacting my professional advisors with a view to taking this forward.

â??But I must stress again, time is of the essence and the situation is becoming more critical by the hour.â?

A spokesman for Rangers confirmed Kennedy was back in the battle for control, saying: â??Brian Kennedy has been in touch with the administrators today. There may well be more discussions.â?

While Kennedy spent last night waiting by his phone, Murray was getting set to redouble his takeover efforts after taking a back seat on Monday in the belief that, by doing so, he might make it easier for Ng to win control.

But Ng appears no closer to shaking hands on a deal with Duff and Phelps.

Indeed, fears were growing the Asian bid may be unravelling â?? leaving Miller in pole position.

Of all the parties involved, only Miller appears to see the benefit in a hybrid liquidation and reinventing Rangers as a newco â?? which is precisely the nightmare scenario Murray has been working so hard to prevent.

And last night Murray said: â??On Monday I made it clear that, in the best interests of the club, the Blue Knights were prepared to take a step back from this process.

â??We did so because we did not want to further delay the absolutely crucial task of selecting a preferred bidder.

â??But we also made it clear our offer was still on the table.

â??Now, in the light of the lack of activity over the subsequent 48 hours, I am reconsidering our position.

â??This situation has to be resolved with maximum urgency as we are now heading beyond the point of no return.

â??I have discussed things in great detail with Brian over the course of today and we are in total agreement as regards the absolute urgency of the situation.â?

Over the weekend Ng successfully gazumped Murrayâ??s group by offering to repay more of the £27m owed to finance firm Ticketus, the costly legacy of Craig Whyteâ??s shamed regime.

However, should Ngâ??s offer collapse then Ticketusâ?? best hope of reclaiming a healthy percentage of their cash will rest on Murrayâ??s bid being successful.

But it remains to be seen if the terms of Murrayâ??s original offer would still stand, or if it would be renegotiated down.

Even that might be less painful than what Kennedy has in mind for them if he takes over.

The Edinburgh-born businessman has expressed no interest in removing the Ticketus debt from a CVA pot and they may be left with a pence in the pound settlement.

 

So Mr Kennedy has upped his bid to £2?

[GovanAllan 0]

Got a funny image in my head of Bk's wife just forcing him to give her a few £m & then just buying rangers, clearing the debt & thats it all done & dusted the way we all have wet dreams about.

 

Got an image of his wife just about to give him a blowjob then stops at the last second and says save Rangers or you've no chance matey.

[der Berliner 3,461]

The point remains that we hardly have a clue what exactly holds up the bidding and naming a preferred bidder. While we can all blame D&P and the like, we all know how slow the legal stuff works at times. Just saying.

 

Strong statement by BK, and as I said, he's at least someone who can back up his words with money.

[caseyjones 0]

D&P haven't met one deadline which they themselves have put in place.

[Craigy1881 79]

D&P haven't met one deadline which they themselves have put in place.

 

Awww that's being harsh, they did meet one deadline and that was to release the creditors report

[Bears 0]

D&P haven't met one deadline which they themselves have put in place.

 

 

You have to ask though, if a good solid bid that would take Rangers out this mess had come in, would D&F still be at Ibrox. They can’t be blamed for all of this.

[Darthter 542]

The point remains that we hardly have a clue what exactly holds up the bidding and naming a preferred bidder. While we can all blame D&P and the like, we all know how slow the legal stuff works at times. Just saying.

 

Strong statement by BK, and as I said, he's at least someone who can back up his words with money.

 

I have to agree with this......Any bidder has potentially a lot of cash on the line. Bidders are trying to get the best deal for themselves, while the admins will be trying for the best deal for creditors - a lot of jostling & discussion going on.

 

I am getting the impression from BK that he's almost saying "he's ma bid, he's your exclusivity fee (if required), you know I've got the cash....accept it and lets move on!!!"