BRITNEY IS NOT FEELING IT 8,293 Posted March 16, 2012 Share Posted March 16, 2012 ( for those that don't already know ,or missed a bit ) Rangers administration: Blue Knights and Brian Kennedy confirm bidsMr Murray is leading the Blue Knights consortium which includes TicketusContinue reading the main storyRelated StoriesTicketus challenge not resolvedGers administration legal hitchRangers 'duped' by Whyte - MurrayThe former Rangers director Paul Murray has confirmed his Blue Knights consortium has made an indicative bid to buy the club.Sale Sharks rugby union team owner Brian Kennedy also told BBC Scotland his bid had been submitted.And a further offer is understood to have been received by an American consortium.Administrators Duff and Phelps had said any interested parties would have to come forward by Friday.They had required details of funding capabilities and how bidders would deal with the financial issues facing the club.David Whitehouse of Duff and Phelps said there had been "worldwide interest" which could see more bids submitted even after Friday's deadline had passed.But he said it was clear all of the prospective purchasers were "looking for clarity on certain issues" before submitting more detailed bids.Continue reading the main story“Start QuoteWe're ready to go, we have the finances in place and we want to get the club stabilised as quickly as possible”Paul MurrayBlue KnightsHe added: "There are complex issues to be resolved and there is no doubt they are having a bearing on the bidding process. At this stage we have indicative and conditional bids only."Our next step is to review more thoroughly the bids we have received and to determine which could offer the best return for creditors. We will also consider the terms and conditions that any party has attached to their bid."This process will involve further discussions between ourselves and interested parties and will begin early next week with a view to clarifying the content of each offer."Mr Whitehouse said the key element of the bidding process so far had been to give prospective bidders the opportunity to demonstrate their funding capability."We cannot, under our remit, exclude the possibility of a bid by any other party and interest was expressed by a party today suggesting a bid will be made over the weekend," he added.Mr Murray's Blue Knights consortium includes the finance firm Ticketus, which provided £24.4m for Craig Whyte to mount his takeover of the club in May last year.The consortium has been backed by fans' representatives including the Rangers Supporters Assembly, the Rangers Supporters Association and the Rangers Supporters Trust.A statement released by Mr Murray said: "We firmly believe that our bid is in the best interests of the club and its fans."We're ready to go, we have the finances in place and we want to get the club stabilised as quickly as possible."Like every other Rangers fan, I'd love there to be some certainty about the future of our club before next weekend's Old Firm game. It would provide a massive boost to the team and its fans ahead of such an important game."To our mind there is no reason why that can't be achieved - we hope the administrators will agree."'Highest level'Mr Murray later told BBC Radio Scotland's Sportsound programme he would be the "first to step aside" if a better offer for the club had been made.Refusing to rule out the possibility of working alongside Mr Kennedy, who he described as a "serious and well-intentioned guy", Mr Murray said the most important thing was that Rangers' eventual owner had the best interests of the club at heart.The Blue Knights have set out a range of proposals in their bid, including a fan ownership scheme which it said would enable Rangers supporters to buy their way into the club over time and have a more significant say in its future.A consultation would also be carried out into how fans can have a closer relationship with the club.The consortium said it would provide "substantial working capital facilities" to the Ibrox club to enable it to "operate effectively and continue to perform at the highest level of competition".The Blue Knights also revealed Ticketus would have no ownership in the club but would provide long term financial support to it.In exchange for the funding it gave to Mr Whyte, who insists he is still the club's owner and a secured creditor, Ticketus received the rights to future season ticket sales.However, the administrators were at the Court of Session for a second day on Friday, looking for permission to go back on that deal.Duff and Phelps want to tear up the agreement on the basis that the debt could discourage bidders who may want to takeover the club.Lawyers for Ticketus claim the deal is legally binding.Season ticket sales are one of the main sources of income for Rangers, generating about £12m a year.The administrators claim that even the uncertainty over the rights of Ticketus to that future income was likely to deter potential investors making a realistic offer.More on This StoryRelated StoriesTicketus challenge not resolved 16 MARCH 2012, GLASGOW & WEST SCOTLAND Quote Link to post Share on other sites More sharing options...
gogzy 31,195 Posted March 16, 2012 Share Posted March 16, 2012 So a few players have put thier cards on the table and more are expected to follow.We have wen from struggling to find any buyer, to a plethora of options in a year.Intresting times ahead for sure. Quote Link to post Share on other sites More sharing options...
BRITNEY IS NOT FEELING IT 8,293 Posted March 16, 2012 Author Share Posted March 16, 2012 So a few players have put thier cards on the table and more are expected to follow.We have wen from struggling to find any buyer, to a plethora of options in a year.Intresting times ahead for sure.I'm reppin you for your use of the word plethora in your post Quote Link to post Share on other sites More sharing options...
boss 1,941 Posted March 16, 2012 Share Posted March 16, 2012 I'm reppin you for your use of the word plethora in your postI'm reppin you for your use of the word plethora in your post Quote Link to post Share on other sites More sharing options...
54andcounting 627 Posted March 16, 2012 Share Posted March 16, 2012 If the american rumors are unfunded, why have the mentioned companies not issued a statement of denial. Quote Link to post Share on other sites More sharing options...
Blue and True 311 Posted March 16, 2012 Share Posted March 16, 2012 plethora Quote Link to post Share on other sites More sharing options...
BRITNEY IS NOT FEELING IT 8,293 Posted March 16, 2012 Author Share Posted March 16, 2012 I'm reppin you for your use of the word plethora in your postWell I'm reppin you for your plethora use in your post Theres a plethora use of the word plethora in this thread Quote Link to post Share on other sites More sharing options...
Bear94 16 Posted March 16, 2012 Share Posted March 16, 2012 I'm reppin you for your use of the word plethora in your postI'm reppin you for your use of the word plethora in your post Quote Link to post Share on other sites More sharing options...
boss 1,941 Posted March 16, 2012 Share Posted March 16, 2012 I've run out of plethoras reps. Quote Link to post Share on other sites More sharing options...
Getstiffed 8,863 Posted March 16, 2012 Share Posted March 16, 2012 Loads. Hunners. Mullions. A lot. Quote Link to post Share on other sites More sharing options...
A.T.G 10,773 Posted March 16, 2012 Share Posted March 16, 2012 Ok guys I am just out my bed since Valentines DayCan I pull the heed aff it yetI repeatCan I pull the heed aff it yetOver Quote Link to post Share on other sites More sharing options...
gogzy 31,195 Posted March 16, 2012 Share Posted March 16, 2012 I'm reppin you for your use of the word plethora in your postLol thanks, i am on phone so cant rep this plethora of plethoras. Quote Link to post Share on other sites More sharing options...
southcoastbear 1,639 Posted March 16, 2012 Share Posted March 16, 2012 Read somewhere Murray hopes to be in charge by the auld firm game. To me there's no way there' sfar to much that needs sorting out before takeover can take place, most of which is interest of buyers that these are resolved.All which makes me wonder why is murray trying to force through a quick rangers take over. What you trying to hide Mr Murray. Quote Link to post Share on other sites More sharing options...
Colonel Mustard 380 Posted March 16, 2012 Share Posted March 16, 2012 If the american rumors are unfunded, why have the mentioned companies not issued a statement of denial. Is this to be taken literally, or is it a Freudian slip? Quote Link to post Share on other sites More sharing options...
ritchieshearercaldow 22,242 Posted March 16, 2012 Share Posted March 16, 2012 Ok guys I am just out my bed since Valentines DayCan I pull the heed aff it yetI repeatCan I pull the heed aff it yetOverNaw, don't pull it, plukes need to be squeezed not pulled Quote Link to post Share on other sites More sharing options...
54andcounting 627 Posted March 16, 2012 Share Posted March 16, 2012 Is this to be taken literally, or is it a Freudian slip? Ment to put at the end. Quote Link to post Share on other sites More sharing options...
LegendofCoop 17,485 Posted March 17, 2012 Share Posted March 17, 2012 So Murray's planning on funding his take-over by selling off future years season tickets too....we'll never get our main source of funding back!! That's a Plethora of cash being spunked away!!! Quote Link to post Share on other sites More sharing options...
gogzy 31,195 Posted March 17, 2012 Share Posted March 17, 2012 So Murray's planning on funding his take-over by selling off future years season tickets too....we'll never get our main source of funding back!! That's a Plethora of cash being spunked away!!!Someone rep this gent for using the word plethora please. Quote Link to post Share on other sites More sharing options...
sergio 1,199 Posted March 17, 2012 Share Posted March 17, 2012 Can anyone shed any light on what would happen to TBK bid if the Administrators are successful in getting the 24.4 Million ripped up ? Quote Link to post Share on other sites More sharing options...
gogzy 31,195 Posted March 17, 2012 Share Posted March 17, 2012 Can anyone shed any light on what would happen to TBK bid if the Administrators are successful in getting the 24.4 Million ripped up ?We would no longer owe 24m lol Quote Link to post Share on other sites More sharing options...
RFC55 110,180 Posted March 17, 2012 Share Posted March 17, 2012 Read somewhere Murray hopes to be in charge by the auld firm game. To me there's no way there' sfar to much that needs sorting out before takeover can take place, most of which is interest of buyers that these are resolved.All which makes me wonder why is murray trying to force through a quick rangers take over. What you trying to hide Mr Murray.He never said that he said he hoped it would be a lot clearer before we scud the bheasts Quote Link to post Share on other sites More sharing options...
hugh dallas 29 Posted March 17, 2012 Share Posted March 17, 2012 Really annoys me how its take dot us to get to this state before anyone would save us, where were these people last year ? Quote Link to post Share on other sites More sharing options...
bluesteel 218 Posted March 17, 2012 Share Posted March 17, 2012 Really annoys me how its take dot us to get to this state before anyone would save us, where were these people last year ?They were being obstructed by BTC Quote Link to post Share on other sites More sharing options...
Edmiston Drive 3,846 Posted March 17, 2012 Share Posted March 17, 2012 We would no longer owe 24m lolVery true...........but would still have a plethora of other debts. Quote Link to post Share on other sites More sharing options...
OlegKuznetsov 10,816 Posted March 17, 2012 Share Posted March 17, 2012 Interesting point in that article. Ticketus are not becoming part owners, but supplying long term funding.Oops! Nearly forgot.PLETHORA! Quote Link to post Share on other sites More sharing options...
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