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Bill Ng Deal Done?


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Some might call it gutter press......;)

 

It is mate. I feel right now we want as much info as poss. Sometimes amongst the gutter press there could be a sentence that opens up more debate or shines light on something we have bypassed.

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From the Admins statement:

 

 

BK's saying that they were offered the chance to pay the exclusivity fee & achieve preferred bidder status, but the Admins statement reads as if TBK's offered to "buy" preferred status, then withdrew. TBK's also claiming that agreement was reached, Admins saying it wasn't.

 

It think its a case of TBK's not measuring up financially, then backing away while trying to save face.

 

Yeah, I got that, but was wondering how you can actually "buy" preferred bidder status when the admins' job is to look after the creditors first and foremost ... and said 500k might not exactly swell the creditors' return that much?

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Snatched from the BBC ... in a negative headline shocker:

 

Rangers bidder Bill Ng denies agreeing a deal with Ticketus

By Alasdair Lamont - BBC Scotland

 

The Singaporean consortium led by Bill Ng that is bidding for Rangers has denied that an agreement has been struck with Ticketus.

On Monday, Paul Murray's Blue Knights said it was "stepping back" from the process because its bid could not match the deal Ticketus and Ng had struck.

"We have not agreed on any terms with Ticketus at the moment," Ng told BBC Scotland.

A rival bid from American Bill Miller is being considered by administrators.

Ng added: "I do not want to speculate on the reasons of Blue Knights' withdrawal but the apparent withdrawal from the bidding process by the Blue Knights means only that the chances of taking over increases for the two remaining bidders left in the process."

He would not comment on reports suggesting his consortium has offered £14m and more immediate repayment terms to Ticketus, the firm who supplied Craig Whyte with funds to buy Rangers last May.

 

The Blue Knights, with Ticketus as a partner, had appeared to be front-runners to take the club over from administrators Duff & Phelps.

It had hoped to be named preferred bidder on Friday and was asked to provide a £500,000 non-refundable deposit for exclusivity.

Murray told BBC Scotland that Ticketus were not prepared to provide this cash for the administrators on Friday and over the weekend he said it became clear that Ticketus had agreed a "substantially" better deal with Ng's group of investors.

"We stand ready to complete our offer of 4 April which included a deal in principle with Ticketus. We still believe that a partnership with Ticketus represents the best opportunity of the club exiting administration via a CVA," said Murray.

With the Blue Knights cooling its interest, perhaps temporarily, it leaves Ng and Miller to fight it out for control of the Glasgow club.

"The best interest for Rangers will be the best bid forward; we accept this as a matter of fact," said Ng.

"I do not have the facts of what Mr Bill Miller has proposed. I only know what I can do and what my plans are for the club, if I am successful.

"I believe it is more important for me to stay focused at this point of time and prepare for our ground works, regardless of the result of the announcement by the administrators."

Meanwhile, Sale Sharks owner Brian Kennedy has reiterated his claim that he may re-enter the bidding process should the club face liquidation, rather than an exit from administration through a company voluntary arrangement.

"I do not want to distract the time-critical process of appointing preferred bidders," he said.

"However, should this fall through with the effect of endangering the existence of RFC, I would reconsider my position."

 

Essentially, Ticketus have talked to him, but no deal has been made as yet. So who told TBK that Ng had a deal with Ticketus? Mulder, Scully, can you have a look in please?

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Essentially, Ticketus have talked to him, but no deal has been made as yet. So who told TBK that Ng had a deal with Ticketus? Mulder, Scully, can you have a look in please?

 

No need for Mulder and Scully as even Closeau or *********** **** would manage to deduce that one!

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The FF twitter acc has said this tonight. This is really sad to read

 

 

Kevin Savage ‏ @kevinsavage1992 · Open

@Follow_Follow_ I'm just amazed no Rangers fans have done any research on a potential owner, considering the troubles with the current one.

Follow Follow ‏ @Follow_Follow_ Close

@kevinsavage1992 I wouldn't worry about that. There's a lot of stuff to come out on Mr Bill Ng.

 

 

I’m going to assume that MD has control of the FF account now? This is why we as fans can never be owned by the fans. Too much snide shitcunts amongst us. The FF/RST/MD dream of being involved with the boardroom level at Ibrox is over (possibly) so the knives come out. Our distractors will love this

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If there's a lot of stuff to come out on Bill Ng, it should be brought out into the open. If it's false info then he has nowt to worry about.

 

How much do you think our detractors loved the Whyte shambles? Personally, I couldn't care what they think.

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[/b]

The FF twitter acc has said this tonight. This is really sad to read

 

 

Kevin Savage ‏ @kevinsavage1992 · Open

@Follow_Follow_ I'm just amazed no Rangers fans have done any research on a potential owner, considering the troubles with the current one.

Follow Follow ‏ @Follow_Follow_ Close

@kevinsavage1992 I wouldn't worry about that. There's a lot of stuff to come out on Mr Bill Ng.

 

 

I’m going to assume that MD has control of the FF account now? This is why we as fans can never be owned by the fans. Too much snide shitcunts amongst us. The FF/RST/MD dream of being involved with the boardroom level at Ibrox is over (possibly) so the knives come out. Our distractors will love this

 

 

Correct mate, he has shown his true side, i would not want him at Ibrox in any shape or form.

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