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Walter Smith leads bid to buy Rangers


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BREAKING NEWS

News from the Rangers media conference at Ibrox.

 

Charles Green has issued a formal offer to Walter Smith to become chairman of The Rangers Fooball Club Board. He says if Walter wants that position he'll appoint him at 09:00 BST on Friday morning.

 

He wants Ally McCoist to be the manager 100% although he hasn't spoken to him about it.

 

He won't sell his shares to Walter Smith's consortuim. He only has a small share.

 

Imran Amed (non-executive director), said that as well as the £5.5m, the cost incurred are up to about £10m. Other investors would be looking for a multiple of that if they were to sell their shares.

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Is the Walter Smith deal off?

 

I'm at work so can't really keep up to date with it all.

 

It would appear that D&P have rushed through the Newco sale to the Green consortium before BDO could have their say on the matter.

 

Unless that can somehow be reversed by the liquidators, which I doubt it could, then Walter's group will have to deal with Green if they're to be part of the club's future.

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Imran Amed (non-executive director), said that as well as the £5.5m, the cost incurred are up to about £10m. Other investors would be looking for a multiple of that if they were to sell their shares.

 

How the hell can that be true? :wtf:

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