Rugby owner to make new bid

Midweek Sport - - NEWS - By DUN­CAN MCQUEEN

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.

Deal

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.

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