Kennedy out of race to buy Rangers
Friday 30 March 2012
Brian Kennedy is no longer in the running to buy Rangers. Kennedy is understood to have been told by Duff & Phelps that his bid was too low. Kennedy said: "I was only going to get involved for the good of the club. I am glad the process is moving on and I hope the administrators go with the Paul Murray/Blue Knights bid."
Administrators are hoping to name a preferred bidder, possibly next week, after receiving a fifth offer, from a Singapore-based consortium.
The Scottish Football Association yesterday adjourned its hearing into Craig Whyte and Rangers after the former owner's lawyers asked for more time to prepare a case. The hearing will take place from 17-20 April.
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