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Admin Statement on SPL rule change proposals - 11/04


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Murray is unusually quiet.

 

Maybe he's starting to realise that he doesn't necessarily have the strongest bid, and maybe not the fan backing that he 1st expected. He's been VERY quite since details of both the Asia & US bid started coming out.

 

Personally, I am liking the noises coming from Bill Ng - he appears to be saying all the right things. The fact that it is a full funded "cash" bid, with all funding in place & ready is very promising!!!

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Maybe he's starting to realise that he doesn't necessarily have the strongest bid, and maybe not the fan backing that he 1st expected. He's been VERY quite since details of both the Asia & US bid started coming out.

 

Personally, I am liking the noises coming from Bill Ng - he appears to be saying all the right things. The fact that it is a full funded "cash" bid, with all funding in place & ready is very promising!!!

 

Or, maybe he's taken on board what many people felt that the way to get fans on side is not to have daily leaks to the press documenting every move he is making. The reason we have heard about Ng and Miller is because they have been been trying to raise their profile with the support. I just hope the Duff and Duffer and the bidders themselves allow the options appraisal to be known publicly so that we can make some sort of assessment for ourselves. I suspect we wont and that the PR war will continue.

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For us, no matter who is successful, the days of judgement will come once the takeover is completed, the old folks are all signed up or paid in full again, new players are targetted and the club embarks on and is budgetted for a season without Europe.

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ADMINISTRATORS’ STATEMENT

FRIDAY, 13 APRIL 2012

 

Duff & Phelps, administrators of Rangers Football Club, issued the following statement today.

 

Paul Clark, joint administrator, said: “Following discussions with three parties bidding to purchase the football club, we can confirm that all three parties have informed us today they wish to remain in the sale process.

 

“However, following the information supplied by us to bidders in relation to proposed new rules on penalties for insolvent clubs within the SPL, there have been changes made to the conditions attached to bids.

 

“Among the new conditions are requests from parties who now, before committing further, wish access to the football authorities in order to seek greater clarity on the proposed rule changes. We hope to provide Rangers supporters with a further update next week and will continue to make every effort to reach the point where a preferred bidder can be announced.

 

“We are keen to conclude an offer as soon as possible and certainly we would hope that this does not mean that finalisation is delayed until April 30, 2012.”

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