Friday, March 23, 2012

Friday Rangers Update: BREAKING- Ticketus Deal Stands

And that may knock three of the four current bidders out of their interest in picking up Glasgow Rangers...

The Court of Session in Edinburgh decided that they wouldn't intercede and give any legal advice in the £24.4million season ticket deal with Ticketus.

Judge Lord Hodge said he wasn't "given sufficient legal information" to do anything, and Hodge also decided not to give Ticketus preferential treatment as a creditor.

Administrators Duff and Phelps went to court to try and get the Court to give advice and tear up the club's agreement with Ticketus. D&P claim that having the deal with Ticketus is preventing any serious bidders from taking over ownership.

The investment firm's eight-figure cash injection (60-percent of ticket sales over the next three seasons) allowed embattled owner-on the way out-Craig Whyte to pay off Rangers bank debt and complete his takeover in May.

The HQ knows this ain't over and it could get a whole lot messier before it gets any better... and all that is coming is the game against Celtic this weekend
Here's your flashback...
((HT: BBCNewsScotland/youtube))

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