Rugby owner to make new bid
BRIAN KENNEDY is set to make a new bid for Rangers – despite being snubbed by administrators last week.
The Sale Sharks RU owner is expected to table an improved offer, which will be one of the four or five final applications considered for the Ibrox club.
Administrators Duff & Phelps have asked wouldbe buyers to submit “best and final offers” for the club by today.
Blue Knights, headed by former Gers director Paul Murray, American investors Club 9 Sports and a Singapore-based group are also expected to make formal bids before a preferred party is chosen.
The administrators are to present a report to the club’s creditors on Thursday and will ask them to vote on a series of proposals, with a deadline of noon on April 20 set for votes to be cast.
Joint administrator, Paul Clark, said: “The proposals consist of a set of legal and technical resolutions that relate to routine housekeeping matters.
“For clarification, this is not a creditors’ meeting at which a Company Voluntary Arrangement will be proposed, nor will any other form of exit from administration be determined at this juncture.”
Murray, meanwhile, says he has struck a deal with Ticketus that will see the investment company write off “very significant sums” of cash they believed are owed to them by Rangers.
Deals agreed between owner Craig Whyte and Ticketus over the sale of future season tickets were worth £30.5million, with £27m still owed on them.
But new reports say the London-based firm are willing to accept just £10m back. It has been claimed they will allow Murray to pay the debt back over a period of nine years.