bluepeter 5,627 Posted April 27, 2012 Share Posted April 27, 2012 SSN: Rangers Administrators confirm two formal bids received - from Blue Knights and Bill Miller. Quote Link to post Share on other sites More sharing options...
bazza010 392 Posted April 27, 2012 Share Posted April 27, 2012 wouldnt surprise me one bit if both bids are knocked back... Quote Link to post Share on other sites More sharing options...
Straight-Edge-Loyal 6,686 Posted April 27, 2012 Share Posted April 27, 2012 Any more info bp? Quote Link to post Share on other sites More sharing options...
Gillete 1,338 Posted April 27, 2012 Share Posted April 27, 2012 Shat myself thereThought it said 2 rejected Quote Link to post Share on other sites More sharing options...
WilliamFyfe 1,438 Posted April 27, 2012 Share Posted April 27, 2012 Any of these bidders wanting to liquidate us? Quote Link to post Share on other sites More sharing options...
North Rd 2,860 Posted April 27, 2012 Share Posted April 27, 2012 http://www.tv.rangers.co.uk/articles...254024_2752022DUFF and Phelps, the administrators of Rangers Football Club, today issued the following statement.David Whitehouse, Joint Administrator, said: "We can confirm this afternoon that we are in receipt of two formal bids for control of Rangers Football Club. Both bids at this stage remain conditional."We are in receipt of a bid from Bill Miller whose bid is conditional on securing greater comfort and clarity from the football authorities in relation to sanctions against Rangers. Clearly, the events of last Monday night when the SFA's judicial panel imposed severe and, in our view, unwarranted penalties on the Club had a destabilising effect on the sale process."However, since then, Mr Miller's bid team have worked to develop a structure which enables the wishes of creditors to be taken into account whilst ensuring that the Club is taken forward well-capitalised and the requirements of the footballing authorities are met. Mr Miller hopes a solution to all regulatory issues can be found and his team has been in constructive discussions with all relevant parties this week."This afternoon Brian Kennedy and Paul Murray submitted a bid which is conditional on a CVA being approved by creditors and we will seek guidance from prominent creditors. It is also conditional on the acquisition of the shares of Craig Whyte in the football club and we have asked for this and other points in the bid to be clarified."We note the statement today issued by Ticketus and its withdrawal as a potential partner for the Blue Knights."What should be clarified is that neither bid involves liquidation of the football club. In terms of quantum, there are significant differences between the two offers in terms of a prospective return to creditors and approach to future funding and these have to be evaluated. We will provide a further update as soon as possible." Quote Link to post Share on other sites More sharing options...
Gillete 1,338 Posted April 27, 2012 Share Posted April 27, 2012 That last paragraph HmmmmWonder who will be best for us and the creditors Quote Link to post Share on other sites More sharing options...
JM1872 3,708 Posted April 27, 2012 Share Posted April 27, 2012 Shaking a wee bit reading that statement there.Good knows that apparently neither involve liquidation of the club.Nearing a conclusion I feel. Also, I take great interest in te fact that TBK condition, well one of them, is the "acquisition" of Shyte's shares. Has the term "aquisition" been branded about before? Are they now looking at paying Shyte? Quote Link to post Share on other sites More sharing options...
DougieGers 26 Posted April 27, 2012 Share Posted April 27, 2012 I still don't get how millers bid doesn't involve liquidation. It's the same thing although done in a strange manner. I'm glad the blue knights are back. Wasn't there biggest fan before but think they truely have the clubs interests at heard. Would like the process to speed up a bit now. Quote Link to post Share on other sites More sharing options...
rangersross 6,530 Posted April 27, 2012 Share Posted April 27, 2012 I still don't get how millers bid doesn't involve liquidation. It's the same thing although done in a strange manner. I'm glad the blue knights are back. Wasn't there biggest fan before but think they truely have the clubs interests at heard. Would like the process to speed up a bit now.I prefer the Blue Knights on account of Kennedy's association with them. From the offset he has been the bidder I believed to be most concerned with our survival - even if he didn't necessarily have the capital to make an attractive bid individually. Quote Link to post Share on other sites More sharing options...
4MenHadADream 122 Posted April 27, 2012 Share Posted April 27, 2012 I still don't get how millers bid doesn't involve liquidation. It's the same thing although done in a strange manner. I'm glad the blue knights are back. Wasn't there biggest fan before but think they truely have the clubs interests at heard. Would like the process to speed up a bit now.It is because there is technically no liquidation of the oldco. Under Miller's plans, there would be a shifting of assets away from the club whilst the debts are sorted and then a move back if his plan is successful. It probably could be classed as a hybrid newco, but not really liquidation Quote Link to post Share on other sites More sharing options...
Chesh 28 Posted April 27, 2012 Share Posted April 27, 2012 With the removal of Ticketus and with BK on board I am slowly beginning to swing to the TBK but only just. Quote Link to post Share on other sites More sharing options...
DougieGers 26 Posted April 27, 2012 Share Posted April 27, 2012 I prefer the Blue Knights on account of Kennedy's association with them. From the offset he has been the bidder I believed to be most concerned with our survival - even if he didn't necessarily have the capital to make an attractive bid individually.Brian Kennedy makes me feel better aswell. Hasnt promised the world and only seems to get involved if things are realistic and viable in much of his sporting and buisness decisions. What role he has remains to be seen. Quote Link to post Share on other sites More sharing options...
chris81 61 Posted April 27, 2012 Share Posted April 27, 2012 Brian Kennedy makes me feel better aswell. Hasnt promised the world and only seems to get involved if things are realistic and viable in much of his sporting and buisness decisions. What role he has remains to be seen.I dont know why but I am finding hard to trust the American bid Quote Link to post Share on other sites More sharing options...
DougieGers 26 Posted April 27, 2012 Share Posted April 27, 2012 I think it was the way he described his bid. We dont know anything about him really Quote Link to post Share on other sites More sharing options...
chris81 61 Posted April 27, 2012 Share Posted April 27, 2012 I think it was the way he described his bid. We dont know anything about him reallyYea, plus I know tbk are defo againts the big L (not to say they are the best option) but it just feels better. Either way fingers crossed for a positive outcome Quote Link to post Share on other sites More sharing options...
harry handsome 629 Posted April 27, 2012 Share Posted April 27, 2012 I still don't get how millers bid doesn't involve liquidation. It's the same thing although done in a strange manner. I'm glad the blue knights are back. Wasn't there biggest fan before but think they truely have the clubs interests at heard. Would like the process to speed up a bit now.Told you before you left OZ it would be a nightmare, hope your well. Quote Link to post Share on other sites More sharing options...
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