Administrators Statement - 19/04/12

[Bears 0]

We need fans to get a face to face with D&F and grill them!

[Frankie 8,186]

We need fans to get a face to face with D&F and grill them!

 

I'm not sure that would work.

 

Moaning at them won't make Whyte any easier to deal with. The issue is that D&P have wasted time and money underplaying what appears to be the main obstacle to a club purchase.

[Bears 0]

If we’re still not sold by the end of the season then David Murray has a moral duty to pay our bills till we’re bought properly. I know he won;t though

[Cotter 0]

If we’re still not sold by the end of the season then David Murray has a moral duty to pay our bills till we’re bought properly. I know he won;t though

 

Thanks mate. Gave me a wee chuckle.

[forlanssister 3,060]

The latest effort.

 

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

 

Paul Clark, joint administrator, said: â??At the end of a frustrating week weâ??d like to provide an update to the fans regarding the bidding process. It should be reiterated, however, that no unconditional bid has been tabled by any party.

 

â??There have been a number of complicating factors in recent weeks, not least the cloud of possible further SPL sanctions against the Club and the withdrawal of one of the parties last week when it emerged they had no formal agreements in place with their partners.

 

â??This, combined with uncertainty regarding the role of Ticketus in any future ownership, has led to delays that we and all Rangers supporters would prefer not to have occurred.

 

â??Let me be clear - we could not have moved more quickly during the past week as there was not a bid capable of acceptance.

 

â??Despite suggestions to the contrary, it is not a case of the administrators refusing to nail down their choice - we can only accept a bid that is unequivocal.

 

â??Today, we have seen the Singapore consortium led by Mr Bill Ng issue a statement announcing withdrawal from the process whilst indicating the possibility of launching a bid again at a later time.

 

â??This has been reflective of the changing position of bidders.

 

â??We have also read the statement by Mr Bill Miller that sets out a vision for the Club, but acknowledges it as being dependent on possible SPL sanctions. We can however say that if these issues could be addressed the structure of the bid has potential.

 

â??As things stand tonight, the Blue Knights have informed us they are in discussion with Ticketus. We will consider what progress they are making with a view to making a final decision at the beginning of next week.

 

â??We realise the frustrations of the Rangers fans who want this process to come to a swift conclusion.

 

â??In Rangersâ?? case, we have been in administration just more than two months. A lot has been achieved during this time and in comparison to other British football clubs that have entered into administration, it has still been a relatively short spell that we have spent in administration so far.

 

â??However, not every Club in administration will have had to deal with the complex issues that Rangers face â?? the present owner, Ticketus and sanctions from football authorities.

 

â??Unfortunately, we cannot wave a magic wand and make these issues go away. Even beyond our role, the strategy of each bidder in addressing these matters is of vital importance.

 

â??Ally McCoist spoke at his press conference today about the need to build for next season â?? we are keen to see this happen as soon as possible. We are well aware of the problems that sustained delays may have upon the management and the team.

 

â??The team have been tremendous during this difficult time, as has the wonderful support of the fans.

 

â??We would ask the fans to remain patient for a few more days. Discussions will continue over the weekend and we will have an update as soon as there are notable developments.â?

[der Berliner 3,290]

The Link to the statement above. As I said in the other thread: if the admins can - legally - only accept a bid that is unconditional, people should ask questions to the bidders concerned about these conditions. They should harass Ticketus, the judges, and the SPL et al.