Miggy Sinclair 179 Posted April 5, 2012 Share Posted April 5, 2012 THE Germans have pulled out of the bidding war for Rangers.SunSport understands the consortiums from America and Singapore could follow them.That would leave Paul Murray and his Blue Knights as the last men standing in the fight to seize control of the Ibrox giants.Four bids made Wednesday’s 5pm deadline, including an offer from a mystery German-based company.But after detailed discussions with the administrators Duff & Phelps yesterday, it became clear that bid would NOT be considered as a viable option.Now in a fresh twist SunSport has learned offers from Singapore and the US are also struggling to stand up to scrutiny.It’s believed that the American offer, worth £25million, was lodged by investors who were part of the consortium put together by Club 9 Sports, who pulled out of the running on Tuesday.Business magnate Bill Ng is the major figure in the Far East group.But both parties are now seriously considering their options after the magnitude of Gers’ debt was laid bare yesterday.Bean-counters estimate Gers owe creditors a staggering £134m. That figure could scare off rivals and leave Murray in pole position.Joint administrator David Whitehouse confirmed the Germans are now out of the race. He said: “I can confirm we will consider further three of the four bids. We have had a number of discussions with the parties today.”The Blue Knights’ bid is believed to be worth £10m, and they have an agreement in principle with Ticketus to wipe £17m off the debt they are owed by Rangers.Murray would look to exit administration via a CVA, avoiding the doomsday scenario of liquidation.Whitehouse admitted: “We can now see light at the end of the tunnel whereby the club exits from administration and can focus upon success on the pitch. Exit from administration does look achievable by the end of the season.”http://www.thescottishsun.co.uk/scotsol/homepage/sport/spl/4241972/Germans-back-out-of-Gers-takeover.html#ixzz1rD1hpurF Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted April 5, 2012 Share Posted April 5, 2012 wouldn't surprise me one bit. Quote Link to post Share on other sites More sharing options...
damien1 29 Posted April 5, 2012 Share Posted April 5, 2012 But both parties are now seriously considering their options after the magnitude of Gers’ debt was laid bare yesterday.These parties would have known roughly what the ballpark figure is. Quote Link to post Share on other sites More sharing options...
Turnberry18 3,204 Posted April 5, 2012 Share Posted April 5, 2012 wouldn't surprise me one bit.Would anything surprise any Rangers fan these days GS? Quote Link to post Share on other sites More sharing options...
The Godfather 70,782 Posted April 5, 2012 Share Posted April 5, 2012 These parties would have known roughly what the ballpark figure is.We all knew it....more shite from the media Quote Link to post Share on other sites More sharing options...
Miggy Sinclair 179 Posted April 5, 2012 Author Share Posted April 5, 2012 These parties would have known roughly what the ballpark figure is.Exactly. But that doesn't sell papers. Quote Link to post Share on other sites More sharing options...
Sheikh Salim 215 Posted April 5, 2012 Share Posted April 5, 2012 Piss poor journalism imo. I might be way off the mark here but I am sure that any prospective buyers would have had a good idea as to what the debt would be. You don't go to buy a house without knowing how much it is going to cost, do you? Quote Link to post Share on other sites More sharing options...
damien1 29 Posted April 5, 2012 Share Posted April 5, 2012 A £10m bid for a potential debt of £117m (thats minus Ticketus £17m), will be a rough road for years to come. Quote Link to post Share on other sites More sharing options...
krissg910 110 Posted April 5, 2012 Share Posted April 5, 2012 well from that article i will say either the yanks or the singapore bid will win. the sun have been way off in all this.clutching at straws Quote Link to post Share on other sites More sharing options...
krissg910 110 Posted April 5, 2012 Share Posted April 5, 2012 Piss poor journalism imo. I might be way off the mark here but I am sure that any prospective buyers would have had a good idea as to what the debt would be. You don't go to buy a house without knowing how much it is going to cost, do you?the report that was released today has been available to the bidders for 7 days. the suns full a keek Quote Link to post Share on other sites More sharing options...
Madina 3,722 Posted April 5, 2012 Share Posted April 5, 2012 Having to lay all our eggs in one basket as such is a worry. Hope TBK have some competition Quote Link to post Share on other sites More sharing options...
krissg910 110 Posted April 5, 2012 Share Posted April 5, 2012 wouldn't surprise me one bit.whats the record saying about it gs? Quote Link to post Share on other sites More sharing options...
Sheikh Salim 215 Posted April 5, 2012 Share Posted April 5, 2012 the report that was released today has been available to the bidders for 7 days. the suns full a keekCheers, thought something like this would be the case. Quote Link to post Share on other sites More sharing options...
DaveyBlue 0 Posted April 5, 2012 Share Posted April 5, 2012 It has been looking like TBK for some time now. It will be a long journey imo but anything that staves off l*********n is fine by me. Quote Link to post Share on other sites More sharing options...
chinaman 1 Posted April 5, 2012 Share Posted April 5, 2012 as others have said...it is a selling papers excercise Quote Link to post Share on other sites More sharing options...
The Godfather 70,782 Posted April 5, 2012 Share Posted April 5, 2012 We all knew as soon as the BBC put that ridiculous article headline up that tomorrows papers were going to be full of pish like this.Pure guesswork from people who know hee haw of what is going on. Quote Link to post Share on other sites More sharing options...
54andcounting 627 Posted April 5, 2012 Share Posted April 5, 2012 The bidders had knowledge of the total amount (worse case scenario) before they bid! FFs the sun!!! Quote Link to post Share on other sites More sharing options...
Ace 3,556 Posted April 5, 2012 Share Posted April 5, 2012 As soon as any article suggests we have a £134m debt, I stop reading. It is piss poor lazy journalism Quote Link to post Share on other sites More sharing options...
broxieman 14 Posted April 5, 2012 Share Posted April 5, 2012 Several multi-millionaires in a consortium and all they can come up with is :-"The Blue Knights’ bid is believed to be worth £10m"That's gonna cover the Administrators fees and nothing else.Feeling depressed again Quote Link to post Share on other sites More sharing options...
chinaman 1 Posted April 5, 2012 Share Posted April 5, 2012 if 'reports' are 'true'£10million from a consortium containing multi-millionaires?going in a tad low no? Quote Link to post Share on other sites More sharing options...
Miggy Sinclair 179 Posted April 5, 2012 Author Share Posted April 5, 2012 as others have said...it is a selling papers excerciseAren't you the guy that made a howling cunt of a thread with a poll asking who preferred a CVA or liquidation ? Stupid bastard. Quote Link to post Share on other sites More sharing options...
gary2006 123 Posted April 5, 2012 Share Posted April 5, 2012 if 'reports' are 'true'£10million from a consortium containing multi-millionaires?going in a tad low no?why give whyte all the money. maybe i'm wrong but is the 10 million not just to buy the club or does the 10 million go towards the cva? Quote Link to post Share on other sites More sharing options...
damien1 29 Posted April 5, 2012 Share Posted April 5, 2012 if 'reports' are 'true'£10million from a consortium containing multi-millionaires?going in a tad low no?Big question. If we fail to win the HMRC cases would HMRC agree to a CVA with that little in the pot?Or would the consortium/Ticketus stump up more money for the CVA in lieu of share issue monies? Quote Link to post Share on other sites More sharing options...
chinaman 1 Posted April 5, 2012 Share Posted April 5, 2012 Aren't you the guy that made a howling cunt of a thread with a poll asking who preferred a CVA or liquidation ? Stupid bastard.oh..are you a big man on here?pipe down ffsgive your ego a break Quote Link to post Share on other sites More sharing options...
Miggy Sinclair 179 Posted April 5, 2012 Author Share Posted April 5, 2012 oh..are you a big man on here?pipe down ffsgive your ego a breakWhy don't you go home...??? Quote Link to post Share on other sites More sharing options...
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