Rangers bid close to collapse
Although Radio 5 carried a report earlier this morning that the takeover bid for Rangers by Andrew Ellis might be nearing completion, the view north of the border is that the whole deal could be close to collapse with Ellis unable to come up with the required funds.
There has been criticism of the delay in Ellis making a formal bid and both club officials and fans have questioned his motives. The whole situation is causing increasing concern to Rangers fans with the club heavily in debt and seeing its tax affairs investigated by HM Revenue and Customs.
A statement issued through the Stock Exchange by the RFC consortium stated: T'he company confirms that it is in advanced negotiations with Sir David Murray to acquire a controlling interest in Rangers Football Club plc. However, no price has been agreed and no timing has been established for the conclusion of the talks.'
'If a deal is concluded between Sir David Murray and RFC, the company would be required under Rule 9 of the City Code on Takeovers and Mergers immediately to make an offer for the remaining issued share capital of Rangers. It is emphasised that this announcement does not amount to a firm intention to make an offer and there is no certainty that any offer will be forthcoming, or as to the terms of such an offer.'
David Egar, spokesman for the Rangers Supporters Trust is reported as commenting that fans have been treated in a 'scandalous' way. 'The longer it goes on, the more uncertainty and anxiety there will be. The fans want it resolved one way or the other. The loyalty of the fans can't be questioned. We have stumped up the cash in huge numbers in recent years, there has not been no drop off in attendances in the way there has been at other clubs.'
Alex Kerr of the Rangers Supporters Assembly said that fans were being affected by the uncertaiinty. He said, 'I've always believed that no news is good news but in this case I'm getting more anxious as the days go past.' John MacMillan, general secretary of the Rangers Supporters Association said, 'After winning the league last season you should be looking forward to next season but fans are asking, "where are we going to be?"'
In today's climate success on the pitch can be offset by concerns about a club's finances.
takeover of the mighty rangers
one paper interprets the stock exchange statement as positve news the other interprets it as a near collapse.........haha i really think it is time the general public stopped buying these papers the standard of journalism is shameful.
it is extremely apparent that the media do not have a scooby doo about the details of this deal,
one thing is for sure if it does work out then the celtic fans must be worried, they couldnt beat us when we had no money and now they may face a champions side with money to spend. Not to mention the average age of the Celtic defence is about 12 haha
ellis takeover
i think what we can gather is that the deal is close but no cigar yet. personally i think it will go through. i dont understand how the daily arsewipe can deduct that is close to collapse what a joke.
if the deal can go through and we can get 10 million for transfers then game over another title goes to the gers as i cant exactly see neil lennon doing anything special in his first year as a manager, by all accounts he looks as if he wants to build a team of over paid and undertalent british players. you need to also look to europe to get a bargain in rangers and celtic position and he aint doin that
Oh God, I can't take it any more.
Nothing but total and utter rubbish being reported in the press about this whole saga for many many months. Supposed sources and leeks from inside the club, inside the Ellis camp etc. Blah blah blah! Anything to sell bloody newspapapers. Give our heads peace for christ's sake!
daily record lol
the daily record i stopped reading this MICKEY mouse paper yrs ago its ran by fantasists and morons same as their sister paper the sunday MICKEY oops sorry sunday mail they do anything to keep the mongs of the east end of glasgow happy
Rangers takeover
This is the 'hope' north of the border of Celtic-minded fantasists in the mhedia, of which there are many. The truth is, nobody knows what is going on and personal views are constantly being substituted for fact on both sides of the debate. Personally I would not take at face value a single word printed in the Daily Record 'newspaper'....
I'm north of the border
I'm north of the border, know lots of journos, and haven't heard anything about it being close to collapse. Give us a vague idea of your sources and I'd be more willing to believe.
Usual Daily Rectum
If you click on the highlighted "close to collapse" in the story it will take you to the source which is a story in the Daily Rectum. Need I say anymore? I'm pretty sure we can ignore this!