Wednesday Rangers Update: Bids Are Due (4 In House)

((HT: SkySports))

Today is the day where we all see who is bidding for the opportunity to take over Glasgow Rangers and get them out of administration and into solid ownership...

The HQ knows of the Blue Knights/Ticketus bid- which makes sense for the ticket broker since it keeps them around with the promises they got from current owner/pariah Craig Whyte in regards to revenue.

A statement from Ticketus read: "The Blue Knights Consortium, led by Paul Murray and supported by fans' representatives (from the Rangers Supporters Assembly, the Rangers Supporters Association and the Rangers Supporters Trust) and Ticketus, confirms that it has this morning submitted its best and final bid for the acquisition of Rangers Football Club ahead of today's deadline, as requested by the administrators."

Brian Kennedy is staying out for now, but if administrator Duff and Phelps decides that the Blue Knights bid (or any other bid for that matter) doesn't work for the administration or with the HMRC, then he'll jump back in with a bid on his own.

There are also bids from, supposedly, groups in Singapore, Germany, and the United States but neither have given word officially. D&P have admitted that four bids, not including Kennedy, are on the table...

David Whitehouse, joint administrator, said on the Rangers website: "Following our announcement on March 30, that best and final bids for control of Rangers Football Club should be submitted by April 5, I can confirm we have received four bids by close of business today. The bids are structured in various ways but I would describe them as positive and constructive.

"The administration team will now analyse these bids over the forthcoming days and hold discussions with relevant parties to gain further understanding of the details of their bids.

"It will be our intention to accept an offer next week and this will be followed by a period of due diligence and exclusivity. At this stage, we cannot be precise in timescale but estimate that an exit from administration before the end of the season is achievable.

"We appreciate the need to conclude this process as quickly as possible. It is, however, most important to secure the best possible outcome for creditors, Rangers Football Club and its supporters."

It's optimistic to see if this will be settled by the end of the regular season. Financial advisors have admitted that the end won't be seen unless each of the four bidders (and/or Kennedy) have agreements with the HMRC and Duff and Phelps...

More when we know more...

Here's the Rangers win over Celtic- just because...
((HT: FoxSoccer/youtube))