King_gazza 1,065 Posted May 13, 2012 Share Posted May 13, 2012 RANGERS have been sold at last after a deal was agreed with a consortium led by ex-footie chief Charles Green.An announcement is expected today — 88 days since the stricken Glasgow giants plunged into administration.As Green prepared to take over from owner Craig Whyte a source said: “It was a long time coming.”The ex-Sheffield United chief executive and his wealthy backers have struck a deal to buy the stricken club from Craig Whyte for a pound.The agreement will bring an end to a takeover saga which began more than three months ago when Whyte put Gers in administration with multi-million-pound debts.Last night a source said: “This deal has been a long time coming and hopefully the business of rebuilding Rangers can begin.“Hopefully, this will end all the uncertainty and the long road to recovery can begin.”It is understood the bulk of the agreement was thrashed out in the early hours of yesterday morning.Green, 59, was finalising details with administrators Duff and Phelps last night and hopes to make the deal public today on the final day of the SPL season.The insider said: “Everything is pretty much in place and unless there is a spectacular collapse he will be the new owner of Rangers.“The fact that Whyte agreed to hand over his shares for a pound made the process a hell of a lot smoother.”Motherwell-born tycoon Whyte, 40 — who bought the club from Sir David Murray for a quid last May — has agreed to sell his 85 per cent shareholding back for the same amount.It is understood Green has penned a purchase agreement for the 140-year-old club.The former Blades supremo has pulled together a host of UK football investors — and has also been given a financial boost from a wealthy Singapore family.Once the ink dries on the contract he will try to agree a CVA with creditors — who include Her Majesty’s Revenue and Customs.It is understood he does NOT want to liquidate the club.The source — who is close to the talks — added: “The deal had to be concluded this weekend to have enough time to agree a CVA with the list of creditors.“The consortium is confident this can be done but, for some reason, if it fails, they have a back-up plan.“However, they want the club to exit administration through a CVA and they are not planning for liquidation.”Green won the race to snap up Rangers after a number of failed buy-outs.The Blue Knights led by former Gers director Paul Murray were always in the running but a lack of cash saw their bid peter out.Millionaire Brian Kennedy could not help their offer — even with his financial muscle.A German-led group expressed an interest at the beginning along with US-based Club 9 Sports but both pulled out.Singaporean businessman Bill Ng looked a likely buyer at one point but failed to stump up the cash — although he has again expressed an interest.And last week US tow-truck tycoon Bill Miller withdrew his offer after blaming hostility from disgruntled Light Blues fans and unimpressive financial books.The source added: “A lot of people have made noises about buying Rangers but they have not put up the cash.“This bid has the money behind it and there is enough to try to please the creditors.“The Blue Knights bid fell WELL short. I think they were trying to derail all the bids so they would have been the only people left.”Green had a mixed stint at Sheffield United before becoming chairman of footie agency Proactive Sports — which once had Wayne Rooney, Andy Cole and Stan Collymore on its books.But Green left Proactive in 2003 and went on to hold a number of directorships at medical science firms. He is currently involved with a Singapore-based mining services company.It is thought Green — who has been in talks with Whyte for the last two weeks — will act as interim chief executive.He wants to rebuild the club with Ally McCoist, below, staying as manager.Paul Whitehouse, of Duff and Phelps, confirmed yesterday that Green and his consortium were close to a takeover.He said yesterday: “Charles Green is at a very advanced stage.“He’s backed by a venture capital fund and there are some relatively high-profile football people in his bid team.”Meanwhile, Kennedy has backed Green — as long as he lives up to his promises.He said: “If Charles Green is the right man to take it forward, credible and he is going to save Rangers then we will absolutely get 100 per cent behind him, but the administrators and the media need to make sure that this is a credible bidder and is good for the future of Rangers.“I keep saying this is not about owning Rangers, it is about saving it, and I would be quite happy. If Charles Green is the right person to save it then we should all get behind it.”Read more: http://www.thescottishsun.co.uk/scotsol/homepage/news/4313169/Rangers-sold-New-chief-Green-signs-deal-for-crisis-club.html#ixzz1uhdCynRSShould maybe put a ? in the thread title as it's not been confirmed. Quote Link to post Share on other sites More sharing options...
El Carpintero 546 Posted May 13, 2012 Share Posted May 13, 2012 Who is this "source"? Quote Link to post Share on other sites More sharing options...
Rfc#1. 1,877 Posted May 13, 2012 Share Posted May 13, 2012 They don't guarantee it, but claim they will be doing their utmost to agree a CVA. If that is not possible, their 'back up plan' will most likely be a newco route.Thanks for the explanation. Quote Link to post Share on other sites More sharing options...
El Carpintero 546 Posted May 13, 2012 Share Posted May 13, 2012 Admin said the consortium has a Rangers connection and people in it fans could relate to, who are they? Quote Link to post Share on other sites More sharing options...
S1lv3r 274 Posted May 13, 2012 Share Posted May 13, 2012 From what is said here... no newco and we lose NO History................ so yee, fukin ha (yep, nearly swore there apologies) Quote Link to post Share on other sites More sharing options...
LeeWallaceRFC 3,920 Posted May 13, 2012 Share Posted May 13, 2012 Oh ffs, I'm shitting it noo. D&P fucking better have got this one right. Quote Link to post Share on other sites More sharing options...
7davie7 0 Posted May 13, 2012 Share Posted May 13, 2012 need to wait and see hope its true Quote Link to post Share on other sites More sharing options...
gary2006 123 Posted May 13, 2012 Share Posted May 13, 2012 so they have bought us with minimal at best due dilligence. probably just as well the last guy took one look and ran a mile.if duff and phelps have sold to this mob after 2 day's it just proves how totaly corrupt they really are .they have dragged this on for months telling us how complicatated a deal it is and now we're expected to believe they can conclude a deal with these venture capatilist's in a matter of day's bullshit. Quote Link to post Share on other sites More sharing options...
aird 3,781 Posted May 13, 2012 Share Posted May 13, 2012 So we might be getting wealthy financial backing and we might still be under a transfer embargo... Quote Link to post Share on other sites More sharing options...
mortos 8 Posted May 13, 2012 Share Posted May 13, 2012 At last! Nearly there. i hope these guys can save the day, and as i'm never satisfied i want them to help us rise quickly to where we belong...looking down on the septic mob. Anyone know if they plan to get Walter or Souness back in some capacity, or maybe Mr Findlay Quote Link to post Share on other sites More sharing options...
S1lv3r 274 Posted May 13, 2012 Share Posted May 13, 2012 Oh the bluebells are BlueOh the bluebells are BlueOh the bluebells are BlueOh the bluebells are BlueYEEEHA ! big time ! :clap: :clap: :clap: ! Quote Link to post Share on other sites More sharing options...
El Carpintero 546 Posted May 13, 2012 Share Posted May 13, 2012 From what is said here... no newco and we lose NO History................ so yee, fukin ha (yep, nearly swore there apologies) Only if a CVA is agreed, no? Quote Link to post Share on other sites More sharing options...
Brian Fantana 28,894 Posted May 13, 2012 Share Posted May 13, 2012 whats that spider senses? 48 hours? oh, ok........... Quote Link to post Share on other sites More sharing options...
Thommo 708 Posted May 13, 2012 Share Posted May 13, 2012 I will wait until it is confirmed, but if it is true we must get behind them 100%. Quote Link to post Share on other sites More sharing options...
bloonosed 14 Posted May 13, 2012 Share Posted May 13, 2012 Anyone else feel a wee bit off weight come off their shoulders ?Lets just hope lads ! Lets hope this is true !I love you Rangers. Quote Link to post Share on other sites More sharing options...
Brian Fantana 28,894 Posted May 13, 2012 Share Posted May 13, 2012 the mark dingwall fan_boys won't like this Quote Link to post Share on other sites More sharing options...
Marco Negri's Beard 1,423 Posted May 13, 2012 Share Posted May 13, 2012 Wait on official confirmation but if its Green then so be it. BK has had plenty of chances. The start of a recovery hopefully. At the very least, an end to this immediate uncertainty. Onwards and upwards Quote Link to post Share on other sites More sharing options...
El Carpintero 546 Posted May 13, 2012 Share Posted May 13, 2012 if duff and phelps have sold to this mob after 2 day's it just proves how totaly corrupt they really are .they have dragged this on for months telling us how complicatated a deal it is and now we're expected to believe they can conclude a deal with these venture capatilist's in a matter of day's bullshit.I think the last day of the season was always the time a deal was going to get done. Quote Link to post Share on other sites More sharing options...
Bloorichtthru 24 Posted May 13, 2012 Share Posted May 13, 2012 Admin said the consortium has a Rangers connection and people in it fans could relate to, who are they?Mr King? Quote Link to post Share on other sites More sharing options...
Gerintaethem 0 Posted May 13, 2012 Share Posted May 13, 2012 Hope this is true!! Canny wait till my renewal comes in, might even get a couple for the weans. Quote Link to post Share on other sites More sharing options...
StuartM6 279 Posted May 13, 2012 Share Posted May 13, 2012 Shit just got real. Quote Link to post Share on other sites More sharing options...
allanh91 75 Posted May 13, 2012 Share Posted May 13, 2012 Calm down everyone. It's the Sun.With no named, credible sources. For all we know they've taken something off a fans forum Quote Link to post Share on other sites More sharing options...
ace1 49 Posted May 13, 2012 Share Posted May 13, 2012 so they have bought us with minimal at best due dilligence. probably just as well the last guy took one look and ran a mile.How do you know?Their bid has completed such an advanced stage that its an actual SALE of the club & not just a Preferred bidder status.I'm pretty sure due diligence has already been done behind the scenes to get to such a stage. Quote Link to post Share on other sites More sharing options...
SwallowsHisOwnSpunk 7,806 Posted May 13, 2012 Share Posted May 13, 2012 Wouldn't be suprised if the FollowFollow mob led by the fat cunt scare them away. Quote Link to post Share on other sites More sharing options...
S1lv3r 274 Posted May 13, 2012 Share Posted May 13, 2012 oh man, I feel like normal human being again .....are ye angels, nay... we are but men ..... MAN I'm soooooooooooooooo , dunno... but I AM soooooooooo summit ?Oh amn ,,,,,,,,,, aasyrthc wvs tyjhdgfvenwufjmyhgen76tyiwegbkejw ... BRILL ! WE ARE the people ! Quote Link to post Share on other sites More sharing options...
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