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Walter smith backs the blue knights


gunslinger

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Think this is the endorsement which will turn alot of people's opinion of the bid.

I think you're right. I confess I'm not 100% on this. Maybe Walter's endorsement will force the hands of all these other interested parties. If they exist that is.

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also says while they step up their bid with meetings in London with duff and phelps others are cooling their interest.

Others cooling their interest? So, are we to take from that there never was much other interest and the admins were just trying to flush parties out and get a BKs bid? Or is the Record just speculating with no details?

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I'm a big Walter Smith fan, but his recommendation on its own doesn't mean a great deal to me: we need to see what it is they are offering; who is involved; and what their plans are. If Walter endorses it then it is a positive; but there will need to be a lot more of them.

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Paul Murray could be barred by SFA rules from a triumphant return to the Rangers boardroom — even if he succeeds with a takeover.

The figurehead of the Blue Knights’ consortium to save the Ibrox club met administrators Duff & Phelps in London on Monday ahead of Friday’s deadline for bids.

Murray, a previous director of the club, was axed by discredited owner Craig Whyte last May. Now it has emerged his hopes of a speedy return may fall foul of the same ‘fit-and-proper’ regulation which has thwarted Dave King’s hopes of retaining his seat in the boardroom

Rule 10.2j of the SFA statutes states that individuals can’t serve as a club director if they have been ‘a director of a club in membership of any national association within the five-year period preceding such club having undergone an insolvency event’.

Murray stood down from the Rangers board nine months prior to the club entering administration — well within the five-year period stipulated in the SFA rules.

The governing body’s in-house legal representative will now consider the matter further today. Senior sources at Hampden claimed last week that, while King would fail rule 10.2j, Murray would pass muster because he left the Rangers board prior to the club entering administration on February 14.

There is, however, no mention of such a regulation in the SFA statutes and legal sources consulted by Sportsmail yesterday believe the wording of rule 10.2j to be unambiguous.

The SFA ‘reserves its discretion’ over whether an individual can be deemed fit and proper after ‘due consideration of all relevant facts’.

Even if the former director is unable to resume his place in the boardroom in the event of a successful takeover bid, there is nothing to prevent him having an unofficial say in the running of the club as a shareholder — as Vladimir Romanov does at Hearts.

Murray’s consortium includes Ticketus — the firm who paid Whyte £24.4million for large swathes of three years of season tickets — as well as businessmen Douglas Park, Scott Murdoch and John Bennett.

The involvement of Ticketus remains perplexing. It’s understood administrators Duff & Phelps will this week move to have their claim on the tickets ruled null and void.

If successful, this would remove Ticketus from the consortium and leave them to pursue Whyte for the money they gave him

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For me, it is the only show in town. We might not like it; but there is not a great rush on acquire control of Rangers.

On Friday we will know for sure who is interested. I am confident that there will be other parties interested.

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Others cooling their interest? So, are we to take from that there never was much other interest and the admins were just trying to flush parties out and get a BKs bid? Or is the Record just speculating with no details?

its pretty speculative.

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