Shane 338 Posted April 11, 2012 Share Posted April 11, 2012 Duff & Phelps, administrators of Rangers Football Club, issued the following statement today.Paul Clark, joint administrator, said: "As administrators we had hoped to announce today the acceptance in principle of an offer for the purchase of Rangers Football Club, which would be followed by a period of exclusivity while due diligence is undertaken."Regrettably, this is not now possible as we were informed over the Easter holiday period that the SPL is proposing to consider at a general meeting on April 30, significant rule changes in relation to clubs which find themselves in an insolvency situation."Inevitably, bidders are now considering this information and will have to take a view as to whether it will affect their individual bids as they now stand. The result is a delay in the sale process. We hope to receive feedback from bidders as soon as possible in order for us to take the sale process forward as quickly as we can."The effect of such revised measures being considered at this juncture is that we, as administrators are duty bound to inform those parties who have submitted bids of the proposed resolutions the SPL intends to consider. Failure to do so would constitute material non-disclosure on our part, which is a serious matter."We fully respect the right of the SPL to review its own rules and regulations and will not comment on the detail of what is being proposed for the meeting on April 30 at this stage. However, the fact that such measures are being considered at such a sensitive point in the sale process at Rangers is disruptive and regrettable. We hope to issue a further update by the end of this week." Quote Link to post Share on other sites More sharing options...
The Godfather 75,699 Posted April 11, 2012 Share Posted April 11, 2012 Well that is a kick in the balls. Quote Link to post Share on other sites More sharing options...
Morgzybear 6 Posted April 11, 2012 Share Posted April 11, 2012 FUCK!!! Quote Link to post Share on other sites More sharing options...
Allanger 625 Posted April 11, 2012 Share Posted April 11, 2012 Ahh fuck Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted April 11, 2012 Share Posted April 11, 2012 watch the Americans run a mile now. they must have been prefered bidder as well. Quote Link to post Share on other sites More sharing options...
Allanger 625 Posted April 11, 2012 Share Posted April 11, 2012 The spl are a shower of liewell driven scum Quote Link to post Share on other sites More sharing options...
Clemdog 39,389 Posted April 11, 2012 Share Posted April 11, 2012 I don't like to say I told you so Gunslinger, but.. Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted April 11, 2012 Share Posted April 11, 2012 still makes it clear at least one of the bids was for a newco. Quote Link to post Share on other sites More sharing options...
Creampuff 22,630 Posted April 11, 2012 Share Posted April 11, 2012 The SPL knew exactly what this would fucking cause. Quote Link to post Share on other sites More sharing options...
Right_To_Censor 1,951 Posted April 11, 2012 Share Posted April 11, 2012 called this last night, knew something would go downfuck you whyte Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted April 11, 2012 Share Posted April 11, 2012 I don't like to say I told you so Gunslinger, but.. Quote Link to post Share on other sites More sharing options...
bluepeter 5,627 Posted April 11, 2012 Share Posted April 11, 2012 Duff & Phelps, administrators of Rangers Football Club, issued the following statement today.Paul Clark, joint administrator, said: "As administrators we had hoped to announce today the acceptance in principle of an offer for the purchase of Rangers Football Club, which would be followed by a period of exclusivity while due diligence is undertaken."Regrettably, this is not now possible as we were informed over the Easter holiday period that the SPL is proposing to consider at a general meeting on April 30, significant rule changes in relation to clubs which find themselves in an insolvency situation."The effect of such revised measures being considered at this juncture is that we, as administrators are duty bound to inform those parties who have submitted bids of the proposed resolutions the SPL intends to consider. Failure to do so would constitute material non-disclosure on our part, which is a serious matter."Inevitably, bidders are now considering this information and will have to take a view as to whether it will affect their individual bids as they now stand. The result is a delay in the sale process. We hope to receive feedback from bidders as soon as possible in order for us to take the sale process forward as quickly as we can."We fully respect the right of the SPL to review its own rules and regulations and will not comment on the detail of what is being proposed for the meeting on April 30 at this stage. However, the fact that such measures are being considered at such a sensitive point in the sale process at Rangers is disruptive and regrettable. We hope to issue a further update by the end of this week."http://www.rangers.co.uk/news/football-news/article/2731298 Quote Link to post Share on other sites More sharing options...
centenarystand 2,229 Posted April 11, 2012 Share Posted April 11, 2012 How did i know we wouldnt get the announcement today.After last Thursdays stupid announcement about projected debt Duffer & Phelps lost all credibility.This is starting to look like the blind leading the blind. Quote Link to post Share on other sites More sharing options...
ScottBF2 3,540 Posted April 11, 2012 Share Posted April 11, 2012 So the SPL are wankers? Quote Link to post Share on other sites More sharing options...
Carsons Dog 9,878 Posted April 11, 2012 Share Posted April 11, 2012 Fucking SPL bastards Quote Link to post Share on other sites More sharing options...
bluepeter 5,627 Posted April 11, 2012 Share Posted April 11, 2012 So the SPL are wankers?Fucking SPL bastardsYes. Quote Link to post Share on other sites More sharing options...
DarcheVinny 1,003 Posted April 11, 2012 Share Posted April 11, 2012 Hardly surprising.Welcome to Scotland. Quote Link to post Share on other sites More sharing options...
Chef 436 Posted April 11, 2012 Share Posted April 11, 2012 Getting a joke this, do they not have any form of reasoning or compassion, fekk ke Quote Link to post Share on other sites More sharing options...
JM1872 3,819 Posted April 11, 2012 Share Posted April 11, 2012 Haven't a clue why this should halt proceedings, I really don't.None of the 3 want to bring us back as a newco, do they? Quote Link to post Share on other sites More sharing options...
the goal machine 7,992 Posted April 11, 2012 Share Posted April 11, 2012 I wonder what it would be like to have a governing organisation that actually had one of its' member club's interests at heart rather than being determined to screw us over. Quote Link to post Share on other sites More sharing options...
mafia32 93 Posted April 11, 2012 Share Posted April 11, 2012 the spl is clearly throwing an obstacle in the road of the recovery process. Quote Link to post Share on other sites More sharing options...
disgruntled_bear 157 Posted April 11, 2012 Share Posted April 11, 2012 Just waiting for something like this to appear.Our takeover, is like the never ending story. Quote Link to post Share on other sites More sharing options...
Guest Posted April 11, 2012 Share Posted April 11, 2012 Think this could spell the end for the yank bid. Quote Link to post Share on other sites More sharing options...
RM Monitor And Standards Officer 112,879 Posted April 11, 2012 Share Posted April 11, 2012 Whats this thread got to do with Snooker? Quote Link to post Share on other sites More sharing options...
KaiserJon 12,777 Posted April 11, 2012 Share Posted April 11, 2012 The SPL are crazy-why do this know when the biggest sporting institution in the country is trying to drag itself out of the mire and rejuvenate? It as if they want us to fail-I am mad at this news on the day we were expecting the preferred bidder to be known. Quote Link to post Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.