TBK have won the race to take over Rangers, and will be announced as Preferred Bidders tomorrow. Final details have been ironed out over the weekend and agreed with D&P. Ticketus are involved, but Kennedy is not, at this stage anyway. The BK will now proceed with D&P to agree a CVA with creditors before the deadlines for further footballing sanctions to be imposed. Whytes shareholding to be secured In exchange for him not being sued for his PG by Ticketus. CVA likely to agreed as talks already taken place between D&P and HMRC and HMRC are not going to be too difficult to deal with, and as they will have the major say, this will see the CVA go through. The club will NOT be liquidated!
iconicman reacted to TannochsideBear in Blue Knights have won
