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The Rangers Takeover Bid!


Fergie1873

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I dont trust you with a laptop and a couple of pints!

haha ! sum of us by season tickets year in year out, n we are the life blood of the GERS !!!! So am interested in who will take over my club (Everybody`s club) !!!!!!!!!!

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I quite agree with your sentiments about Andrew Ellis to be truthful, as I do believe he is a bigger liar and opportunist than some of the others who have been linked with "buying" our club.

The only reason for him taking an interest in Rangers FC is to make money...and we all know that there's only one way of even remotely making money from a football club, which is to bleed it dry of its assets and collateral.

I would say that lots of supporters would argue that we have already been down that very path! :sherlock:

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haha ! sum of us by season tickets year in year out, n we are the life blood of the GERS !!!! So am interested in who will take over my club (Everybody`s club) !!!!!!!!!!

Fuck off with your one-upmanship. Everyone is entitled to an opinion, Season ticket holder or not.

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http://www.<No links to this website>/2010/12/01/would-be-rangers-owner-craig-whyte-heading-north-for-buyout-summit-with-sir-david-murray-86908-22753680/

Would-be Rangers owner Craig Whyte heading north for buyout summit with Sir David Murray

Dec 1 2010 Exclusive by Keith Jackson

Craig Whyte Image 1

CRAIG WHYTE is on his way to Scotland for D-Day talks with Sir David Murray on his plans to buy out Rangers.

Record Sport has learned that the final round of discussions - which will make or break Whyte's s32.5million bid - will take place within the next week.

And anxious fans, who have been waiting more than two years for a saviour, will finally be told if a new owner has been secured. Whyte will be accompanied at the talks by London-based proper t y developer Andrew Ellis who teamed up in a consortium with the self-made billionaire after trying and failing to go it alone in takeover negotiations with Murray earlier this year.

Ellis revealed in Record Sport last week both he and Whyte had hoped to visit Ibrox for the Champions League clash with Manchester United only to be ordered to stay away at the 11th hour.

Now the pair are heading over the border in a bid to complete their deal to buy Murray's controlling share.

A source close to the Whyte-Ellis camp said: "It looks as if we are entering the end game now. Craig and And r ew wi l l be up i n Scotland very soon and after this final meeting with Sir David we will all know what the future holds for Rangers.

"The hope on all sides is they'll reach broad agreement to press ahead with the deal. There wi l l either be an announcement to declare 'peace in our time' or one to say the takeover is off. It is all coming to the boil at last."

Under the proposals, Whyte would take on 75 per cent ownership with Ellis paying around s6million for a 25 per cent stake.

The pair are pledging to wipe out the club's s27m debt and pay another s5.5m to shareholders - around s4.6m of which will go to Murray.

Murray has maintained all along he will only do business with people who have the club's best interest at heart and the funds to take it forward.

And he insists no deal will be done unless Whyte and Ellis guarantee to pump no less than s5m a year over the next five years into a transfer kitty

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I very much doubt either of these would want to buy Rangers just to run the club into the ground and sell the stadium/assets. Of course the will be looking at ways to make a profit from owning the club and to me the clear and easiest way to do that is to invest and develop the land round about Ibrox, which in all honesty could do with being re-developed.

This is where they will mainly make their money, and as long as they also invest in the club then I am more than happy for this to happen, at this time and age is a good time for investment in the surrounding area as the current financial climate (and I don't mean the club) will improve and there is money to be make.

Not only will the surrounding area be improved, but it will create much needed jobs so it is possible that it will be good for all involved.

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