gunslinger 270 Posted March 30, 2012 Share Posted March 30, 2012 HE American frontrunners in the race to buy Rangers are prepared to pay £25 million for control of the Ibrox club – and their preferred option is to put the club into liquidation.inShare.0Custom byline text: Michael Grant The bid from Chicago-based Club 9 Sports is one of three which, if successful, may result in the new owners taking the highly unpopular option of winding up the club and reforming it as a new company (Newco), The Herald understands.The only offer on the table which is conditional on Rangers emerging from administration and paying off debts via a Company Voluntary Arrangement (CVA) is the one from the Blue Knights, headed by former Ibrox director Paul Murray.The American bid is more than double that on offer from the Blue Knights or Sale Sharks owner Brian Kennedy, whose offer was rejected by administrators Duff & Phelps yesterday. But Club 9 Sports would have to address the £27m debt owed to Ticketus, who would not be creditors under the terms of the Blue Knights' bid.Until now little has been known about the substance of the Club 9 Sports bid or the company's intentions if it was successful in taking ownership from Craig Whyte. But the company has made it known that liquidating Rangers is in its plans, and it is understood two unidentified consortia – one based in the United Kingdom, the other in Singapore – are also open to the Newco route rather than trying to do a deal with creditors via a CVA.It is believed Club 9 feels that liquidation would remove the risk of currently unknown debts emerging in the future, and would take away the uncertainty of not being able to agree a CVA with creditors. But taking Rangers into liquidation would be deeply unpopular with fans and would have grave footballing consequences. A new club has to wait three years before it is eligible to play lucrative Champions or Europa League ties. It would also have to be voted into the Scottish Premier League or else apply to join the Scottish Football League in Division Three, and the registration of all its current players would pass to the SPL rather than being held by Rangers.The American firm emerged as frontrunner as Mr Kennedy was told by Duff & Phelps that his offer was not good enough. With current owner Whyte refusing to deal with Paul Murray's Blue Knights bid, Club 9 is in a strong position. The two unidentified consortia are thought to be unlikely to succeed.Club 9 Sports, formed in 2009, has described its approach as seeking to revive struggling businesses "through cost-cutting and aggressive sales and marketing". Its most recent sports venture was the purchase of Quad City Mallards, a minor league professional ice hockey club in Illinois. Attendances and revenue figures have increased since Club 9 Sports' takeover although investment has been modest.Club 9 Sports made attempts to buy Tranmere Rovers and take a controlling interest in Sheffield Wednesday but both moves were unsuccessful. The bids appeared to fail because in both cases the business plan involved short-term restructuring, and drawing consultancy fees, with a view to selling the clubs on.Meanwhile, Mr Kennedy said he was "disappointed but not surprised" after his bid was rejected. THe added the Blue Knights bid was in the best interests of the club.A spokesman for Duff & Phelps last night declined to comment about any individual bid for Rangers. Quote Link to post Share on other sites More sharing options...
25yearsofgreatkeepers 1 Posted March 30, 2012 Share Posted March 30, 2012 I'm getting more worried by the day I hope Kennedy teams up with Blue Knights Quote Link to post Share on other sites More sharing options...
The Godfather 71,714 Posted March 30, 2012 Share Posted March 30, 2012 Don't see many quotes in this article.... Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted March 30, 2012 Author Share Posted March 30, 2012 I'm getting more worried by the day I hope Kennedy teams up with Blue Knightslooks like he might but with p Clark and our owner having a vested interest in liquidation its worrying. Quote Link to post Share on other sites More sharing options...
Guardian 4,281 Posted March 30, 2012 Share Posted March 30, 2012 They say that almost like it was true. Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted March 30, 2012 Author Share Posted March 30, 2012 Don't see many quotes in this article....its not an interview.also interviews with whyte used to be full of quotes. Quote Link to post Share on other sites More sharing options...
dardo54 11 Posted March 30, 2012 Share Posted March 30, 2012 the fact that these fuckin morons think they can come in and erase the clubs 140 year history when it can be saved is laughable i wouldn't be back to ibrox while they remain in charge if this was to happen and i am sure i wouldnt be the only one if they have no fans they have no club but if this was to happen and they were hear for the long term then they must buy the clubs history back i am sure fiorentina done that. Quote Link to post Share on other sites More sharing options...
The Godfather 71,714 Posted March 30, 2012 Share Posted March 30, 2012 its not an interview.also interviews with whyte used to be full of quotes.Yeah while months ago they "understood" and "believed" a Motherwell billionaire would save Rangers.Newspaper article in Rangers doomsday shocker. Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted March 30, 2012 Author Share Posted March 30, 2012 throw into this the fact one of whytes pals is or was trying to buy st mirren..... Quote Link to post Share on other sites More sharing options...
lewislaudrup 845 Posted March 30, 2012 Share Posted March 30, 2012 Anybody think they have also went for port vale Quote Link to post Share on other sites More sharing options...
Edmiston Drive 3,846 Posted March 30, 2012 Share Posted March 30, 2012 Michael (fuckin ) grant, what a little sheep shaggin chunt. He knows as much as we do . Fuck off you little dick. Quote Link to post Share on other sites More sharing options...
SkiBunny 441 Posted March 30, 2012 Share Posted March 30, 2012 Anyone think it's TBK putting out these stories and scaremongering because their bid hasn't been accepted. Quote Link to post Share on other sites More sharing options...
Edmiston Drive 3,846 Posted March 30, 2012 Share Posted March 30, 2012 Yeah while months ago they "understood" and "believed" a Motherwell billionaire would save Rangers.Newspaper article in Rangers doomsday shocker.Spot on and leggo was also fawning all over whyte . Quote Link to post Share on other sites More sharing options...
ayrshireger 523 Posted March 30, 2012 Share Posted March 30, 2012 From Martin Williams, Senior news reporter from the Herald:#Rangers admins meet #CraigWhyte & reach agreement to transfer shares to someone other than Paul Murray within #BlueKnights consortium Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted March 30, 2012 Author Share Posted March 30, 2012 From Martin Williams, Senior news reporter from the Herald:#Rangers admins meet #CraigWhyte & reach agreement to transfer shares to someone other than Paul Murray within #BlueKnights consortiumthat's great. Paul won't care about that. Quote Link to post Share on other sites More sharing options...
Gerwelly 115 Posted March 30, 2012 Share Posted March 30, 2012 I have been between TBK and BK but I think after all that's going on TBK are going to get my backing despite the deal with Ticketus. if they ditched Ticketus and got BK on board that would be a hell of a lot better and maybe a bit more transparency as to the identities of the other TBK. Just to many variables letting us get into the hands of some unknown characters. I don't know about all of you but my nerves are Frazzled by all of this. Quote Link to post Share on other sites More sharing options...
blueben_d 40 Posted March 30, 2012 Share Posted March 30, 2012 its not an interview.also interviews with whyte used to be full of liesFixed Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted March 30, 2012 Author Share Posted March 30, 2012 this also explains why p Murray wants to negotiate the cva as posted yesterday. he's the only one that wants a cva. Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted March 30, 2012 Author Share Posted March 30, 2012 Fixed lies in quote marks mate. Quote Link to post Share on other sites More sharing options...
blueoutthedome 87 Posted March 30, 2012 Share Posted March 30, 2012 The TBK seems like the only option we have got at least it would be the most transparent as the rest seem to want to take us into liquidation going by the papers and the radio, god help us with the rest of these vulures. Quote Link to post Share on other sites More sharing options...
Guardian 4,281 Posted March 30, 2012 Share Posted March 30, 2012 If thats true about Whyte transferring shares, then so much for all the paper talk about him blocking the sale There's a lot of media manipulation going on. Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted March 30, 2012 Author Share Posted March 30, 2012 If thats true about Whyte transferring shares, then so much for all the paper talk about him blocking the sale There's a lot of media manipulation going on.its probably the best small victory whyte could get. he gets to say told you I wouldn't give p Murray the shares. Quote Link to post Share on other sites More sharing options...
Gazbo27 15 Posted March 30, 2012 Share Posted March 30, 2012 For the first time and after careful consideration I am going to give my full backing to The Blue Knights, ( no doubt they will be delighted) it would appear to me they are the only deal in town worth looking at. Not happy about Ticketus being involved, not happy about the lack of info regarding investment from TBK's however this Club 9 seems like a very very poor option. Liquidation imo must be avoided at all costs. We will see but thats my tuppence worth in, roll on tonight and the legends game Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted March 30, 2012 Author Share Posted March 30, 2012 For the first time and after careful consideration I am going to give my full backing to The Blue Knights, ( no doubt they will be delighted) it would appear to me they are the only deal in town worth looking at. Not happy about Ticketus being involved, not happy about the lack of info regarding investment from TBK's however this Club 9 seems like a very very poor option. Liquidation imo must be avoided at all costs. We will see but thats my tuppence worth in, roll on tonight and the legends game I don't think tbk can tell us how much will be invested. they don't know the cost of the cva so won't know what's left over. I don't want empty promises ala whyte and any they made just now would be just that. Quote Link to post Share on other sites More sharing options...
islandblue 366 Posted March 30, 2012 Share Posted March 30, 2012 Looks likeTBK are our only option Quote Link to post Share on other sites More sharing options...
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