Club 9 No bid.

[sairdy 0]

http://club9sports.com/uploads/Statement_from_CLUB_9_SPORTS.pdf

 

 

Statement from CLUB 9 SPORTS

“We can confirm that representatives of Club 9 Sports have been involved with investigating, analyzing

and considering a potential purchase of Rangers Football Club, plc on behalf of a group of interested

parties from the US and UK. However, at no time has Club 9 Sports itself offered a bid to acquire the

club. Our role has been as a member of a proposed consortium. We can also confirm that we have not

met with, spoken to or otherwise been associated with Craig Whyte in any way.

Furthermore, Club 9 Sports will not be bidding for control of Rangers Football Club, plc. We understand

that it has been strongly rumored that our group planned to “liquidate” the club. It should be made

clear that any party that attempts to acquire the club, eliminate the debts, affect a turnaround, invest

monies and put the club back on solid ground is in fact “saving” the club from liquidation and preserving

its past and its future. In an asset purchase, all of the good and valuable assets (records, marks, names,

trophies, players, staff, history) are preserved and separated from the bad and harmful liabilities (tax

bills, bad contracts, creditors), which have put the club into administration and which act to force the

entirety into liquidation. By putting all of the assets into a different corporate structure, the assets are

in fact rescued from liquidation. Such a transaction would be very similar to the one that occurred at

Leeds United in 2007, which simultaneously rescued that club, maintained its proud history and allowed

the club to shed its debt burdens so that it could have the opportunity for future success.

Finally, we would like to acknowledge that any successful bidder for Rangers will indeed need to

embrace the legendary fan base of the club and communicate with openness and regularity. There is no

doubt that the remarkable record of championships won by Rangers is matched only by its equally

remarkable support from legions of fans, supporters and followers throughout the world.

[ian1964 10,514]

http://club9sports.com/uploads/Statement_from_CLUB_9_SPORTS.pdf

[Juancornetto 1]

Good stuff!

[caseyjones 0]

Statement from CLUB 9 SPORTS

 

â??We can confirm that representatives of Club 9 Sports have been involved with investigating, analyzing and considering a potential purchase of Rangers Football Club, plc on behalf of a group of interested parties from the US and UK. However, at no time has Club 9 Sports itself offered a bid to acquire the club. Our role has been as a member of a proposed consortium. We can also confirm that we have not met with, spoken to or otherwise been associated with Craig Whyte in any way.

 

Furthermore, Club 9 Sports will not be bidding for control of Rangers Football Club, plc. We understand that it has been strongly rumored that our group planned to â??liquidateâ? the club. It should be made clear that any party that attempts to acquire the club, eliminate the debts, affect a turnaround, invest monies and put the club back on solid ground is in fact â??savingâ? the club from liquidation and preserving its past and its future. In an asset purchase, all of the good and valuable assets (records, marks, names, trophies, players, staff, history) are preserved and separated from the bad and harmful liabilities (tax bills, bad contracts, creditors), which have put the club into administration and which act to force the entirety into liquidation. By putting all of the assets into a different corporate structure, the assets are in fact rescued from liquidation.

 

Such a transaction would be very similar to the one that occurred at Leeds United in 2007, which simultaneously rescued that club, maintained its proud history and allowed the club to shed its debt burdens so that it could have the opportunity for future success.

 

Finally, we would like to acknowledge that any successful bidder for Rangers will indeed need to

embrace the legendary fan base of the club and communicate with openness and regularity. There is no doubt that the remarkable record of championships won by Rangers is matched only by its equally

remarkable support from legions of fans, supporters and followers throughout the world.

 

http://club9sports.c...UB_9_SPORTS.pdf

[Stefanovitch 0]

Open to interpretation again. They could still bid for assets?

[caseyjones 0]

Does the wording of that statement strike anyone else as being rather strange?

 

It says that C9S themselves have never been looking to put in a bid for the club, but have been acting for another group of investors. It doesn't say that that particular group will not be bidding, indeed the part about 'saving' the club would suggest that they will be, and will not be looking to exit administration through a CVA.

[Crimson Dynamo 128]

Something is going to happen 1 way or another in the next few days. There are too many stories flying about. It is really hard and frustrating tho to seperate the facts from fiction.

Edited April 3, 2012 by Crimson Dynamo

[Frankie 8,200]

After a few reads, it suggests they (as admin talked about today) are looking to acquire the assets of the club via some sort of liquidation.

[caseyjones 0]

After a few reads, it suggests they (as admin talked about today) are looking to acquire the assets of the club via some sort of liquidation.

 

Yes, given the words of Whitehouse earlier, they are being taken as a very serious bidder.

[Frankie 8,200]

Yes, given the words of Whitehouse earlier, they are being taken as a very serious bidder.

 

I think all bids are serious. But so many variables involved!