'Light at end of tunnel' for Rangers

Published Thursday, 05 April 2012
Comments
Toggle font size
Print

Duff and Phelps have continued to stress that an exit from administration by the end of the season is "achievable" for Rangers, as they revealed that three of the four bids for the club will be "considered further".

'Light at end of tunnel' for Rangers
Rangers FC is continuing to battle against financial woes. (© Getty)

The new statement came 24 hours after administrators confirmed that four bids had been lodged on Wednesday.

"We have had a number of discussions with the interested parties today and have stressed the benefits to them of engaging openly with the club's fanbase," joint administrator David Whitehouse said.

"We can now see light at the end of the tunnel whereby the club can exit from administration and focus upon success on the pitch.

"While we cannot be precise on timescale, exit from administration does look achievable by the end of the season."

He added: "We also hope to announce next week acceptance of one bid, which would then be subject to a period of due diligence and exclusivity."

The companies behind the bids have not been revealed, but it is thought Blue Knights consortium, headed up by former Ibrox director Paul Murray is among those interested.

© UTV News
Comments Comments
0 Comments
No comments. Be the first to comment.
POST A COMMENT:
Name:  
Email address*:    
Location:  
Validation:
House Rules:  
Your Comment:  
[All comments are moderated and will not appear immediately. Your name, location and comment will be displayed on this page if your post passes moderation.]
MOST POPULAR GALLERIES
Twelfth of July
Sat 12 July 2014
The Open Championship
Sun 20 July 2014
Eleventh night bonfires
Fri 11 July 2014