Liquigate.
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Liquigate.
:top marksQuote:
Originally Posted by Seveno
Partick Thistle and he wasn't even up for giving money to the Jags, he said he'd like to go to see BarcelonaQuote:
Originally Posted by cad
He also said he was going to give money to good causes so that rules the huns oot completely
Closedgate :greengrinQuote:
Originally Posted by Lungo--Drom
:thumbsup:
Quote:
Originally Posted by cad
We have a WINNERQuote:
Originally Posted by Seveno
Profligate
<sigh> :rolleyes:Quote:
Originally Posted by Brainless Hun on FF
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Originally Posted by Jim44
Somebigbhoysingreenhoopsstoleourgatesgate.Quote:
Originally Posted by Killiehibbie
StolenCastleGreyskullgatesgate.
Gatetae******
Can anybody confirm that Rangers have started one of those 'buy a brick' schemes?
I just think if enough of us buy one it wouldn't take long...
to demolish Ibrox :greengrin
Just when you think Huns can't sink any lower- well to tell the truth I'm well aware their sectarian element, far from constituting a "tiny minority" its unavoidable to surmise that for a large section of the Rangers support sectarianism is actually their raison d'etre. Based on the tenor of their fans web sites and traditional repertoire of songs.Quote:
Originally Posted by Jim44
Take my hat off to you sir, superb! A -gate and a real word and a suitable one at that! BRILLIANT!!! :not worth
Quote:
Originally Posted by Killiehibbie
This is the part which so many journalists are missing and it's simple but being over looked.Quote:
Originally Posted by BarneyK
If they get away with this and stay in the SPL - it's basically saying you can do what you want - get a little slap on the wrist but everything will be ok in the end.
Football or not they have broken the law with the way they have handled the finances and should be severely punished.
I don't think the T.V deal is being talked about enough either - the SPL are at fault for signing a deal with the Old Firm clause in it - expecting 4 games a season - what happens if - Rangers don't make top 6 or they are in a different division ?! The deal surely becomes void and would need re-negotiated - something the SPL chairmen are trying to avoid I bet.
This is the crunch though - for far too long we have relied on the money and while it's a good bonus - football clubs can be run with relying on this money in case something does happen.
The length this has dragged on is a disgrace and will continue to drag on - as Rangers are in a complete mess.
45 mins gone and predictably no team news from todays games and only Rangers in crisis stuff.
Relegate
Murraygate
Pearly gates (for a refusal)
Disintegrate
Lockedgate
On the gate theme who would be Deep Throat?
Shocking eh! It's turned into rangers sportsound. Nobody cares anymore about the circus at greyskull
i find it pleasent listening lol
Stopped listening to Sportsound a long time ago. Can't stand the blanket coverage of the Old Firm. If you don't tune in you won't miss it!Quote:
Originally Posted by malcolm-bogie
anyone got a link to the direct commentary?
Horrendous first time I've listened to any of it for a long time, thought it might be a bit better now that the Huns are much closer to death, that Chick Young - what an erse
thanx:thumbsup:Quote:
Originally Posted by semaj64
Off the Ball was good though, Cosgrove got stuck into the huns.
I quite enjoy it for the way they tie themselves in knots with it all......
They have now - eventually in some cases - come to agreement hat Rangers are to blame and need punished in somw manner
Sorry guys, there's only one word for it:
Quantumgate :greengrin
half a million views!
:woohoo:
I was about to offerQuote:
Originally Posted by HibeeMG
Buckiegate
(not checked to see if it's already been done tho :-/ )
"Quantumgate" .... Got say you've just given us the winner!
throwawaythekeysafteryou'velockedthegate
Yet they honestly wonder why we all want to see the back of them..Quote:
Originally Posted by Jim44
AnddontletithityouinthebackonthewayootgateQuote:
Originally Posted by fat freddy
Controversy over Whyte doing a deal with his old pal Green.......
MateRateGate.
Waltergate?
Good one, Mr Spike!:agree:Quote:
Originally Posted by Spike Mandela
http://www.thescottishsun.co.uk/scot...shame-SPL.html
Not seen this posted today and agree with everything he says
should have gave a warning aboot that picture though :grr:Quote:
Originally Posted by Brando7
A face I'd never tire of punching.
It's been noticable over the last week or so that the Glasgow media have started to turn towards the proper way of thinking. They've obviously run out of straws to grasp at and are now jumping on the bandwagon!Quote:
Originally Posted by Brando7
Very clever, nice play on words there.Quote:
Originally Posted by dan sarf
Cheatingbigot****gate.
Profligate, relegate, conflagrate. :pray:
"Thebighousegate"
Quote:
Originally Posted by HibeeMG
Couldn't agree more. They've been shown up for what they are - apologists for criminality, sectarianism and sycophancy and now they are running for cover so that they are at least seen to be on 'message'. They are a load of s......s and deserve to be booted - they are as much to blame for ruining Scottish Football as RFC itself. I notice today that Mr 'succulent lamb' Traynor and Jackson were not on the story. Oh how I wish Traynor would disappear along with RFC and Chic Young too. If it's time for an overhaul of Scottish Football precipitated by this awful football club then let's go the whole hog and go for the media too and that includes those ghastly people on Sportsound who have ruined even listening to Scottish Football let alone watch it. The only person I would keep from the BBC who is a good football commentator.
Quote:
Originally Posted by camhibby1
........ is?
Very good article as you sayQuote:
Originally Posted by Brando7
As the guy with the pan on his head on BGT would say, EXTERMIGATE.
The only person worthy of broadcast is Richard Gordon.Quote:
Originally Posted by camhibby1
'Murder' McLeod. Complete mhank.
Preston. Hardly capable of stringing 2 coherent words together
That adenoidal little scroat Dodds needs a kick in the hee haws.
Derek Ferguson. Words fail me. n'at knaw but.
I hope there is no one on another planet listening to these idiots.
Agreed, time for an SPL spring me thinks, sort out the SFA, SPL, scottish media and corrupt cheating clubs like rangers and hearts.Quote:
Originally Posted by camhibby1
Time for the fans to take back there game.
Quote:
Originally Posted by camhibby1
Ditto
The front of The Daily Record this morning was a revelation as I walked past a pile of them ,a double take was needed ,tried to find a picture but nae joy .
is there a link to the spl report into rangers cheating anywhere, the document they are all talking about on sportsound etc??
Has anyone got a copy of or a link to that photo of that huge fat hun in a hun top looking like Jabba the Hutt standing looking up at the front of Ibrox? I've been trying to explain to my wife how fat and ugly he is but it is hard to put into words. I typed 'fat hun in rangers top outside Ibrox' into Google images and it came up with a picture of Sally :O
http://www.google.co.uk/search?tbm=isch&source=mog&hl=en-GB&gl=uk&client=ms-android-samsung&tab=wi&q=the%20big%20house%20must%20stay%2 0open&sa=N&biw=320&bih=533Quote:
Originally Posted by Lungo--Drom
Try googling "the big house must stay open" :wink:Quote:
Originally Posted by Lungo--Drom
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Originally Posted by PaulSmith
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Originally Posted by JeMeSouviens
Thanks guys!!! Cheers! :thumbsup:Quote:
Originally Posted by reallapsedhibee
Grab yourself a cuppa (or five) and find a quiet spot for a couple of hours. Quite staggering readingQuote:
Originally Posted by bighairyfaeleith
http://www.scribd.com/doc/93212354/S...asons#readcast
Press Release Blue Knights
-Following more disingenous spin on the Value of Blue Knights Bid we clarify the following :
Payable on completion of CVA (around end July) we will pay £5.5m net net net into the creditors pot.
On acceptance as preferred bidder, we take over all costs incurred. These are estimated at £3m per month so to end of july losses are £6m. The club are due payment of around £2.4m, from football debtors, so the cash shortfall will be £3.6m. Blue Knights will pay this.
Therefore, on exiting CVA end July the total cash out, paid by the B K investors is £5.5m plus £3.6m = £9.1m.
There will be substantially more cash required from the investors going forward from this date to ensure all costs and losses are funded.
Im sure all honest people can imagine how furious the BK investors were when they read the recent comments by Mr Whitehead attempting to confuse by focussing on the figure £2.5m.
The total amount we believe is needed to fund RFC, including the £9.1m by end June, is around £20m. Any transfer monies in would reduce this, but we may need to make some player purchases too.
Furthermore, we ask Mr Whitehouse why our current bid was considered in the right 'ball park' in a conversation between Mr Kennedy and Mr Clark on saturday 28th Apr.
We would also ask why we were told last thursday morning that given our advanced stage of due diligence, we were likely to be given preferred bidder status. In fact friday morning 11th May, there were exchanges of contracts for interim funding between our lawyers and Duff and Phelps. Clearly our bid was enough then, until a higher bid was recieved and firmed up at the eleventh hour.
We would like to add that should a higher bidder be given preferred bidder status, and such a person or persons are fit and proper and robust financially with high liklihood
of completing the deal, all Rangers men women and children should support this if it is considered this is in the best interests of the club.
The Blue Knights objective is not to own Rangers. It is to save Rangers.
It really annoys me that they are all expecting the football debtors to pay up but they totally ignore all the creditors, including of course the football creditors. I know that this is the way of administration, but it is just so WRONG.
From: The Consortium known as the known as the Blue Knights Consortium (the Consortium) and Brian Kennedy
To: Mr Paul Clark and Mr David Whitehouse The Administrators of The Rangers Football Club plc – In Administration Duff & Phelps Limited 43-45 Portman Square London W1H 6LY
28 April 2012
Dear Sirs
Offer Letter - SUBJECT TO CONTRACT
The Rangers Football Club plc – In Administration (the Company)
We are writing to make an offer, subject to contract, by a consortium headed by Paul Murray, known as the Blue Knights Consortium (the Consortium) and Brian Kennedy, such offer to be subject to legal and financial due diligence, to purchase the shareholding of the Company and the business and assets of the Company (the Shareholding and Business and Assets).
1 PRICE
1.1 Subject to the matters set out below, we are prepared to purchase free from all liens, charges, equities and encumbrances such right, title and interest as the Company has in the Shareholding and Business and Assets, and in Ibrox Stadium and Murray Park (together the Premises) for a consideration of:
1.1.1 £5,000,000 (subject to paragraph 1.3 below);
1.1.2 the discharge of the debentures for £8,000,000;
1.1.3 an additional sum of £500,000 payable in consideration of and payable on the successful acquisition of the shares in the Company held by Craig Whyte and/or persons associated with or connected to him (which amount to at least 85% of the entire issued share capital of the Company);
1.1.4 the assumption of the football debts (up to a maximum of aggregate amount of £1,000,000) owed by the Company to Scottish football clubs;
1.1.5 on Rangers Football Club successfully qualifying for the group stages of the UEFA Champions League competition to be held in seasons 2012/13 and/or 2013/14, an additional £500,000 (for the avoidance of doubt, the maximum amount payable under this paragraph 1.5 is £1,000,000); and
1.1.6 on Rangers Football Club successfully qualifying for the quarter final stages of either of the UEFA Champions League competition to be held in seasons 2012/13 or 2013/14, an additional £1,000,000 (for the avoidance of doubt, the maximum amount payable under this paragraph 1.6 is £1,000,000).
1.2 The apportionment is subject to further discussions and will be agreed in the contract. The structure of the purchase vehicle and the Company will be in whatever form is necessary to comply with regulations as stipulated by the Scottish Football Association (SFA), the Scottish Premier League (SPL) and UEFA.
1.3 A deposit of £250,000 shall be paid forthwith on confirmation that we have been granted preferred bidder status and on the entering into of a binding exclusivity agreement to our satisfaction providing exclusivity in accordance with paragraph 9 below. Such deposit will become a non-refundable on the satisfaction of all of the conditions to our offer and set out in this offer. Until such time, the deposit shall be entirely refundable on notice from us in writing to you and until the deposit becomes non-refundable, it must be held in Duff & Phelps' client account, on trust for us. On successful completion of the purchase of the assets by us pursuant to this offer, the deposit will be deemed to be a part payment of the amount referred to in paragraph 1.1.1 above.
2 PAYMENT
2.1 The total consideration will be paid in full on completion following the sale and purchase of the Shareholding and Business and Assets, and Premises.
3 ASSETS BEING ACQUIRED
3.1 The Premises;
3.2 The SPL and SFA Shares;
3.3 The Player Registrations;
3.4 The plant, machinery, office furniture and equipment owned by the Company in relation to the Business whether situated at the Premises or elsewhere;
3.5 The goodwill of the Company relating to the Business including the right to use the name "Rangers Football Club";
3.6 Stock, raw materials, finished products and work in progress relating to the Business including any deposits received by the Administrators after the date of the administration relating to any of the customer contracts which we may acquire and complete;
3.7 The existing order book and customer contacts of the Company relating to the Business;
3.8 All intellectual property rights, licenses and trademarks of the Company relating to or used in the Business;
3.9 Any monies owing to the Company including football monies, which we understand to be circa £3,500,000, however, the running losses of the business through the administration period and the administrators' fees and expenses will be deducted from this amount;
3.10 The books and records of the Company relating to the Business excluding the records created by the Administrators for the purposes of the administration;
3.11 The vehicles owned by the Company and used in the Business;
3.12 All and any other assets of the Company.
We would expect all assets of the Company to be included in the sale, except for such assets of the Company that are needed (subject to our due diligence and agreement) to pay creditors within the administration and to pay the reasonable costs of the administrators and their advisors.
Yep, I agree with that.Quote:
Originally Posted by grunt
I notice he's also saying they may need to make player purchases. Well, as things stand, he's not going to be allowed to!
4 EMPLOYEES
We shall only take over responsibility for those employees which are employed in the Business as at the date of actual completion. We also require the benefit of the Company's insurances in respect of actual or prospective claims by such employees, particularly in respect of health and safety matters. Any employees located at the Premises who are engaged either wholly or substantially in other areas of the Company's business or within the Company group will not transfer to us. The offer made takes into account the Transfer of Undertakings Regulations and we will require full due diligence in respect of the action taken by the administrators in relation to the employees of the Company and in particular the players recently released.
5 ACCESS TO RECORDS
As part of the due diligence exercise you will allow us access to the Company's records relating to the Business and Assets and Premises and in particular to its suppliers and its principal customers, including details of all present and future orders placed by those customers (subject to any reasonable and appropriate confidentiality agreement being entered into).
As part of this requirement, our client also requires access to all necessary information in order to submit an application to UEFA for a license to compete in UEFA competitions by the appropriate deadline.
6 THIRD PARTY ASSETS
All assets owned by third parties, whether on loan, hire, hire purchase, lease or any similar arrangements but presently in the possession of the Company at the Premises in relation to the Business are excluded from the sale. Neither the Company nor the Administrators will object to and will use their respective best endeavours to assist us in any negotiations to continue possession and use of or to acquire title to any such assets.
7 CHARGES/SECURITIES
The existing charges or securities registered against the Shareholding and Business and Assets and Premises will be released in full on completion of the sale and purchase.
8 TERMS AND CONDITIONS
Our offer is made subject to the following:
8.1 that a CVA is issued to creditors within 2 weeks of the date of this offer in a form acceptable to us;
8.2 that a CVA is agreed by the requisite majority of creditors and the period for challenge of the CVA expires with no challenge being made;
8.3 that we are granted exclusivity until the date of the creditors meeting to approve the CVA and if the CVA is approved at the creditors meeting, the period of exclusivity shall automatically extend until such time as SFA and SPL agree to transfer the Shares;
8.4 that the SFA and SPL grant approval to the transfer of the Shares in the SFA and SPL to our Newco purchasing vehicle;
8.5 that we are satisfied with the results of legal and commercial due diligence reviews to be undertaken by us and our advisors;
8.6 to acquire, in accordance with the Code (as defined below), at least an 85% shareholding of all shares held in the Company to our satisfaction, including those held by Craig Whyte and/or persons associated with or connected to him. Nothing in this letter represents a legally binding offer for the shares (or any of them) in the Company nor by virtue of this letter will we acquire any interest in any shares in the Company for the purposes of the City Code on Takeovers and Mergers (the Code) nor does this letter constitute or evidence a firm intention on our part to make an offer for shares in the Company for the purposes of the Code;
8.7 all onerous contracts are terminated prior to the CVA with such onerous contracts to be approved by us;
8.8 that the purchase of the Shareholding and Business and Assets and Premises may be by a different group company or through a newly incorporated company as appropriate;
8.9 the release of all security over any assets of the Company including in particular the security originally granted in favour of Bank of Scotland and understood to have been assigned to Craig Whyte and/or associated parties;
8.10 we being satisfied that we have a full understanding of the all penalties, sanctions, and the like which have been or may be imposed upon the Company or Glasgow Rangers Football Club by the SFA, SPL or UEFA and/or any other relevant bodies and the ramifications thereof including any potential penalties in respect of breaches relative to player contracts arising from the EBT Scheme or any other matters,
8.11 that Ticketus has no legal ownership of future season ticket revenues and only has status as an unsecured creditor in respect of any claim it may have;
8.12 that this offer is made under English law and jurisdiction is within the English Courts.
9 EXCLUSIVITY
The Company and the Administrators will agree not to enter into any contractual negotiations with any other party until such date is called for the creditors meeting to approve the CVA.
10 FUNDING
We confirm that we have funding in place to finance this offer and confirmation of the availability of this funding will be provided by Barclays Wealth on 30 April 2012.
11 COSTS AND VAT
Each party will be responsible for its own costs and expenses in connection with the matters contemplated in this offer. We assume that this will be a transfer of a going concern and that no VAT is chargeable.
12 CONFIDENTIALITY
Following completion there shall be a bar on publicity by either party of the proposed sale and purchase unless jointly agreed in writing.
13 NO INTENTION TO CREATE LEGAL RELATIONS
Notwithstanding anything contained in this letter, this does not and shall not in any circumstances be taken to constitute or form the basis of a contract between the parties who do not intend to create any legal relationships between them. Neither the Company nor the ourselves shall have any obligation to the other until the formal sale and purchase agreement reflecting and/or providing for the matters herein contemplated shall have been signed and exchanged between them.
We look forward to hearing from you as soon as possible so that we can proceed to the formalities of the sale and purchase.
Yours faithfully
Why on earth do these muppets think that a CVA can be achieved with a pot of £5.5m ? It gives the creditors virtually nothing and they would be much better gambling on liquidation.
And where have they been for the last month that they haven't heard that a 12 month transfer embargo has been placed on these criminals ?
Yeah, I read and re-read that this morning. Had another sip of coffee, and re-read it. Considered mis-quotes, and re-read it.Quote:
Originally Posted by Seveno
And then said to myself (given that I was on a crowded train and didn't want one of those YouTube moments).... "they cannot be effin serious!"
Outrageous, and D&P were right to tell them to GTF.
cheers, started to read it but suspended it now until tomorrow night when I don't have glass of wine in my hand:wink:Quote:
Originally Posted by moff1875
:agree: They seem to be saying " We'll have all the best bits for **** all, and we'll leave all the crap for somebody else to deal with. Oh and we're not guilty if the **** hits the fan. "Quote:
Originally Posted by CropleyWasGod
Is that about right?
Why do they think that Duff & Duffer chose the Yank's bid of over £ 11m when they are offering peanuts that the Creditors are never gonna accept
as a CVA [Company Voluntary Agreement]
Lets not forget that the Big Tax Case ISN'T completed or included in the Administration process YET !!!!
:agree: indeed..there are so many caveats in there that would have made it hit the buffers (I know a fair amount are standard contract stuff...but with full knowledge of the circumstances there is no point having them when they cant be met)Quote:
Originally Posted by Seveno
the players will do 'walking away' and they do have 'football debt' which SFA & UEFA will not miss....although if you are the local florist owed money you can wistle...a part of the community and long standing institution...aye right
I've just heard that with his recent winnings, Duff and Phelps are expected to announce Pudsey the dog as the new preferred bidder on Monday Morning.
Not sure how well that'll go down, afterall "They don't do walkies"
(Couldn't Resist)
Ive been told that Duff and Phelps have asked for extra security measures to be in place on Monday morning.
Liquidation ?
At last we are fast approaching the end game.
No fast enough. :agree:Quote:
Originally Posted by Levenhibee
Quote:
Originally Posted by Www1875hfc
:pray:
Convinced that Monday is the day of liquidation.
:pray:Quote:
Originally Posted by Haymaker
http://i1175.photobucket.com/albums/...rsurrender.gif
Death to RFC.
sink the evil hoors.
:thumbsup:Quote:
Originally Posted by Haymaker
:thumbsup::thumbsup:
:thumbsup::thumbsup:
Anyone got a logon for swallow swallow they fancy sending to me in a pm?
I am so bored with all this. End result will be that Huns FC will be in the SPL next season. :-(
A lot of talk on twitter and other sites tonight that green is looking to buy the club lock, stock and barrel for 8.5 million quid up front. Does this not mean he would just inherit all the liabilities though?
If he is buying the shares, then yes. But that would suggest he's wanting a CVA :rolleyes:Quote:
Originally Posted by stokesmessiah
If he is buying the assets, though, it sounds like he wants a Miller-type deal.
Straight £8.5m Sale of club No PB statusQuote:
Originally Posted by CropleyWasGod
@GersnetOnline: Not hearing good news. No preferred bidder but an actual straight deal to sell club to Green for £8.5million. Hope I'm wrong! #wrongchoic
This is what was on twitter. Been talked about in the bears den also.
I am guessing your right and they are going to try and go for a newco.....if this is true. Also, you have to wonder if this guy has seen the books yet and when he does will he do a Billy Miller and bolt?
What a joke of paper. The Sun, which is still pilloried in Liverpool for its infamous crass judgement, tries to join the good side after months of openly supporting criminals and criminal acts. This paper is as embarrassing to Scotland as RFC and should be mothballed like Ibrox.Quote:
Originally Posted by ano hibby
£8.5m is pocket change in football terms. Sounds like a fly bid just to see what he might be able to pick off the bones.Quote:
Originally Posted by stokesmessiah
Didn't mad Vlad value the Yams at £50m ? :greengrin
And worth every penny :rolleyes:Quote:
Originally Posted by Onion
sure that was just Andy Driver:greengrinQuote:
Originally Posted by Onion
From the bears den..
"Davis out for £2m and Gattuso in on a free would be good business"
Clearly still not getting it.
I was just reading that Green is buying the club, Huns also have a rumour that the big tax case has been agreed at 11 million
What about the EBT thing? Is that the same as the big tax case?
I just want them to hurry up and close, I've enjoyed the entertainment but no way do u want to see them get out of this in any way
Two shepherd's have appeared on the scene, but are they wise men?
+ stable door, white horse bolted etc.......
I'm not sure where this debate of losing TV money has come from ?
I really feel the SPL have nothing to fear in regards to TV money if they decide to do the right thing, which really is the only option here if they are to have any respect for their position and abide by the rules.
What successful company would pull out of a TV deal because the authorities have shown integrity and made a decision that is for the benefit of the game.
That would be THE worst bit of PR ever and not one that SKY - whose business is pretty much " Sport " would be able to justify in any shape or form.
Q: " Why did you guy's pull the plug "
A: " Oh, we thought that honesty wasn't the way forward ".
Rangers might do walking away but I don't think Sky would have a choice in the matter.
The longer this drags on the more I think somehow there going to escape this and it stinks
The longer this drags on the less likely they will have a new club up and running that can play in any league in time for august.Quote:
Originally Posted by Matty_Jack04
They still have to secure a stadium to play at and a license to play from the SFA, eufa and the SPL.
If they get to liquidation without a preferred bidder then who gets the right to start the new club? Craig Whyte? Blue knights? Brian Kennedy?
Most likely whoever controls Ibrox which is most likely going to be Craig whyte. He won't give it up until he is free from ticketus and the bidder don't seem to have enough money to cover that.
I think things are proceeding at just the right pace for me and I think there is a good chance there will be no rangers playing in Scotland next season at all.
See that Guantanamera - brilliant tune so it is by the way.Quote:
Originally Posted by Ozyhibby
:singing:
no Glasgow Rangers, there will be no Glasgow Rangers
no Glasgow Raaaaangers, there will be no Glasgow Rangers
:singing:
@Daily_Record: Rangers: Premier League new boys Southampton keen to land Rangers skipper Steve Davis http://t.co/jhgrxXwS
The vultures are circling!
Chris McLaughlin@BBCchrismclaugBBC Scotland has learned that Charles Green has put pen to paper in a deal to buy #Rangers. More soon
I thought this bid was in the hands of the administrators a few days ago?Quote:
Originally Posted by grunt
Was just in bbc news green will buy them today, there is a press conference today and he has got finance from a group of Singapore business men, wants to go down the cva route and if that doesn't work its a newco
This all feels very rushed...
Presumably Green's bid is still subject to him completing due diligence on the books?
So Rangers last 2 owners have been green & whyte with the last buy cellik ? Someone's having a steffi Graf no ? Lol
10am conference to announce Green - don't worry folks, if his reputation proceeds him, the fun won't stop here
BREKING NEWSQuote:
Originally Posted by moff1875
Former Sheffield United chief executive Charles Green has agreed a deal to buy Scottish Premier League side Rangers.
The deal will be announced at the club's training base Murray Park on Sunday when the 59-year-old is due to outline his plans.
It is understood Green wants to form a company voluntary arrangement (CVA) and he is backed with finance from Singapore businessmen.
He plans to watch Sunday's final SPL match of the season at St Johnstone.
More to follow.