BID DEAD­LINE

The Herald - Herald Sport - - Front Page -

Duff & Phelps, the ad­min­is­tra­tors of Rangers, have given the re­main­ing in­ter­ested par­ties – The Blue Knights, Club 9 Sports and a Sin­ga­pore-based group – a Wed­nes­day dead­line to make their bids to pur­chase the club. David White­house, joint ad­min­is­tra­tor, said: “It would be in­ap­pro­pri­ate for us to com­ment on the mer­its of in­di­vid­ual bids but, in gen­eral, sev­eral par­ties have pur­sued their de­clared in­ter­est in the club and five bids sub­mit­ted have been sub­ject to greater scru­tiny. We fully un­der­stand the de­sire of sup­port­ers to see the bid­ding process con­cluded as soon as pos­si­ble and have asked three bid­ders to sub­mit best and final of­fers by Wed­nes­day, April 4. It is likely that a suc­cess­ful bid­der will re­quire a pe­riod of ex­clu­siv­ity to com­mit to final due dili­gence there­after. Bids have in­evitably been the sub­ject of wide­spread com­ment and spec­u­la­tion but at this stage it would be un­wise to per­ceive any par­tic­u­lar party to be a pre­ferred bid­der, and the bid­ding process re­mains open for all par­ties un­til April 4.”

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