Overseas groups are among
potential bidders for stricken Scottish champions Rangers,
administrators for the Glasgow club said on Friday, warning
however that a rescue deal was still some way off.
The 'Blue Knights' consortium led by a former Rangers
director and backed by the fans had earlier confirmed it was
among the bidders and pressed for clarity on the club's future
before they host rivals Celtic on March 25.
However, such a speedy resolution seems unlikely.
"We are very pleased to announce that to date we have
received several indicative bids for Rangers Football Club,"
administrators Duff and Phelps said in a statement.
"We believe the level of interest in purchasing the club
from around the world reflects the pedigree and history of the
club and the fact the financial position of the business is
beginning to clear and will continue to do so over forthcoming
weeks," it added.
A group based in the U.S. city of Chicago and Brian Kennedy,
a Scot who owns English rugby union club Sale Sharks, had put in
rival bids, British media reported.
Loss-making Rangers were forced into administration last
month after running up nine million pounds in
unpaid taxes since Scottish businessman Whyte took an 85 percent
stake in the club last May.
Rangers also face an additional bill of more than 50 million
pounds if they lose a case brought by the tax authorities over
the use of trusts to pay players over the past decade.
The administrators said there were "complex issues to be
resolved" and these were affecting the bidding process.
It had set Friday as the deadline for bids but said it would
also consider an additional approach which was likely to be
submitted over the weekend. Talks with potential purchasers will
begin early next week.
The Blue Knights have been the most vocal of the interested
parties. They also have the support of Ticketus, a company which
paid Rangers chairman Whyte about 20 million pounds as an
advance on future season ticket sales.
"We're ready to go, we have the finances in place and we
want to get the club stabilised as quickly as possible," said
former Rangers director Paul Murray, who is heading the Blue
"Like every other Rangers fan, I'd love there to be some
certainty about the future of our club before next weekend's Old
Firm game," he added, referring to the clash with Celtic at
Rangers have been deducted 10 points for going into
administration, leaving the way clear for Old Firm rivals Celtic
to reclaim the Scottish Premier League title.
Barcelona's golden boy grabs the headlines again
It's Larsson Jr stealing the show these days
England striker puts pen to paper on permanent deal
The new season is but six weeks away (in the Football League)
Who would you rather have playing for your club?
12 months out, the stars look to the World Cup
Your questions answered by an A to Z of legends
75% of all TV is Bale
On the road to ruin
Adidas Nitrocharge for you
FourFourTwo is brought to you by Haymarket Consumer Media & FourFourTwo is part of Haymarket Sport
| International Licensing | © Haymarket Media Group 2010