JRodgA2k8 542 Posted May 11, 2012 Share Posted May 11, 2012 Statement kind of read out on Clyde there, assuming will be live on the website soon.Essentially they (TBK) have plenty of opportunities to lodge the best bid...Only £2 Million up front from TBK.They work in the best interests of the creditors and are legally bound to do the best for these creditors. Best bid that is deliverable and the best bid over Liquidation...For the avoidance of doubt statements by Kennedy and Murray at todays conference essentially weren't true.Tweet RANGERS administrators Duff and Phelps have released the following statement.David Whitehouse, joint administrator, said: "The most important information today for Rangers supporters is that discussions with two bidding parties are at a very advanced stage and we hope to reach agreement with one at the earliest opportunity."We have noted today the publication of reasons for the findings of the SFA's judicial panel. "We welcome the fact that the panel described the witnesses who appeared on behalf of the Club at the hearing as credible and reliable but as stated previously we were very disappointed that the panel did not differentiate sufficiently between the actions of the Club compared with the actions of individuals. We look forward to the appeal being heard next week."It is most unusual for us to comment publicly on individual bids but due to the allegations made by Mr Kennedy and Mr Murray today with the regard to our conduct as administrators we feel compelled to reveal important facts in relation to the various Blue Knights attempts to buy the Club. "For the avoidance of doubt some of the comments made at today's press conference were grossly misleading."First I would state unequivocally, that every opportunity was afforded to these parties. "The fundamental reason we could not proceed with the Blue Knights/Ticketus combination was that we were advised there was not agreement within the consortium in relation to the funding of their bid."Throughout the process Mr Kennedy told us repeatedly he would be the 'last man standing'. As Mr Kennedy today made a virtue of explaining publicly details of his bid we are in a position to comment on those remarks. Of the £5.5 million cash on 'day one' figure Mr Kennedy quoted, £3.5 million of that would be provided by us in any case from the Club's debtors."The bid structure also factors in performance in Europe, and reaching the later stages of the UEFA Champions League which cannot be achieved next season for example."We therefore find it extraordinary and very disappointing that Mr Kennedy in particular should assert that the amount being offered is irrelevant. Time and again he and others have been afforded the opportunity to become the best bid in play and it has not happened. We have a statutory duty to accept the best bid that is deliverable. "The bid should also be commercially better than the liquidation of the business. Mr Miller's bid was deliverable but he chose not to proceed. We firmly believe the best interests of the Club would be served by all involved in the process respecting the bidding process." Quote Link to post Share on other sites More sharing options...
JM1872 3,772 Posted May 11, 2012 Share Posted May 11, 2012 Quote Link to post Share on other sites More sharing options...
boss 1,941 Posted May 11, 2012 Share Posted May 11, 2012 Only £2 Million up front from TBK.That's a pathetic amount to bid. Quote Link to post Share on other sites More sharing options...
Rfc#1. 1,877 Posted May 11, 2012 Share Posted May 11, 2012 Just seen it. So all they were puttin in was 2 mill Mae wonder they were knocked back. Fuds Quote Link to post Share on other sites More sharing options...
The Godfather 72,648 Posted May 11, 2012 Share Posted May 11, 2012 Which is what so many posters on here seem to miss...legally bound to take the best bid for the creditors.It's not hard to understand. Quote Link to post Share on other sites More sharing options...
beattie72 170 Posted May 11, 2012 Share Posted May 11, 2012 Seems a pish bidReaching the quarters of champs league is a piss take surely Quote Link to post Share on other sites More sharing options...
Allanger 625 Posted May 11, 2012 Share Posted May 11, 2012 according to d&p Kennedy offered £2mill the rest was to be brought in by Rangers' debtors. Quote Link to post Share on other sites More sharing options...
The Godfather 72,648 Posted May 11, 2012 Share Posted May 11, 2012 It must be lies though because we are only allowed to believe what 1 party are saying and dismiss court appointed administrators. Quote Link to post Share on other sites More sharing options...
Edmiston Drive 3,846 Posted May 11, 2012 Share Posted May 11, 2012 That's a pathetic amount to bid.Agree and they had the platform to state why they could only offer £2m Quote Link to post Share on other sites More sharing options...
Jon-the-Stripe 2,459 Posted May 11, 2012 Share Posted May 11, 2012 Statement kind of read out on Clyde there, assuming will be live on the website soon.Essentially they (TBK) have plenty of opportunities to lodge the best bid...Only £2 Million up front from TBK.They work in the best interests of the creditors and are legally bound to do the best for these creditors. Best bid that is deliverable and the best bid over Liquidation...For the avoidance of doubt statements by Kennedy and Murray at todays conference essentially weren't true.As expected, fair response stating what their obligations are, and so many people seem to be forgetting, Quote Link to post Share on other sites More sharing options...
Chesh 28 Posted May 11, 2012 Share Posted May 11, 2012 Thats right many seem to think they are working for Rangers, but they are not they are working for the creditors and are basically their to keep us afloat while they try and recoup as much money as possible for the creditors! Quote Link to post Share on other sites More sharing options...
bilko89 507 Posted May 11, 2012 Share Posted May 11, 2012 Which is what so many posters on here seem to miss...legally bound to take the best bid for the creditors.It's not hard to understand.Exactly! So simple yet people ignore it. Glad it's not just me that realised that Quote Link to post Share on other sites More sharing options...
JRodgA2k8 542 Posted May 11, 2012 Author Share Posted May 11, 2012 That's a pathetic amount to bid.£2 million TBK£3.5 million Rangers Debtors £5.5 mil total...I don't see how people can think that could even be close to being accepted. Quote Link to post Share on other sites More sharing options...
Bloorichtthru 24 Posted May 11, 2012 Share Posted May 11, 2012 TBK are offering nothing other than good intentions. They need to get out of the way and let someone save the club or it's all over. Quote Link to post Share on other sites More sharing options...
Rfc#1. 1,877 Posted May 11, 2012 Share Posted May 11, 2012 The creditors would never agreed to a 2 mill cva pot. Their just timewasters pandering to the crowd. And some have lapped it right up. Quote Link to post Share on other sites More sharing options...
simplythebest 11,453 Posted May 11, 2012 Share Posted May 11, 2012 At least this will probably mean the end of TBK and Kennedy for good. Quote Link to post Share on other sites More sharing options...
Edmiston Drive 3,846 Posted May 11, 2012 Share Posted May 11, 2012 It must be lies though because we are only allowed to believe what 1 party are saying and dismiss court appointed administrators.Think sky are ready to give admins statement after adverts . Quote Link to post Share on other sites More sharing options...
LegendofCoop 17,484 Posted May 11, 2012 Share Posted May 11, 2012 Bid dependant on us getting £2m in European money AND reaching the later stages of the champions league??? What the actual fuck??If this is really what their bid is based on, I'm glad they haven't been given PB!I await further replies from TBK & BK now! Quote Link to post Share on other sites More sharing options...
Creampuff 22,628 Posted May 11, 2012 Share Posted May 11, 2012 TBK are a million miles away from where they need to be financially. Quote Link to post Share on other sites More sharing options...
tango 341 Posted May 11, 2012 Share Posted May 11, 2012 £2 million TBK£3.5 million Rangers Debtors £5.5 mil total...I don't see how people can think that could even be close to being accepted. By the time they take off admins fee there will be fuck all left for creditors Quote Link to post Share on other sites More sharing options...
JRodgA2k8 542 Posted May 11, 2012 Author Share Posted May 11, 2012 By the time they take off admins fee there will be fuck all left for creditorsNot hard to see why they can't accept the deal.It's all well and good saying we've met the bidding amount...X over so many yearsX up frontX after thisX after thatCompletely comical. Quote Link to post Share on other sites More sharing options...
bilko89 507 Posted May 11, 2012 Share Posted May 11, 2012 At least this will probably mean the end of TBK and Kennedy for good.After now knowing what they have offered, and their constant playing to the media, trying to get fan onside, proves to me that they were in it for a quick buck. What a waste of time Quote Link to post Share on other sites More sharing options...
The Godfather 72,648 Posted May 11, 2012 Share Posted May 11, 2012 All those protesting really need to understand this bid was just nowhere near enough to save this club. Words are easy and cheap, action is a different ball game.These guys are not just made up administrators, they obviously know far more about the process than all the bidders and l to make false claims that could lead to them in front of a judge. Quote Link to post Share on other sites More sharing options...
Guest Posted May 11, 2012 Share Posted May 11, 2012 Aye but that kennedy speaks well , just like souness , and souness and walter would be involved. Fact is 2 million with conditions is a fucking farce of a bid so goodbye the failed knights Quote Link to post Share on other sites More sharing options...
JRodgA2k8 542 Posted May 11, 2012 Author Share Posted May 11, 2012 After now knowing what they have offered, and their constant playing to the media, trying to get fan onside, proves to me that they were in it for a quick buck. What a waste of timeSadly some of the more gullible supporters have been led down the garden path and we'll be seeing more protests etc no doubt. Quote Link to post Share on other sites More sharing options...
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