Rangers administrators hold talks with bidders

 

Rangers administrators Duff and Phelps have held detailed talks with three bidders interested in taking control of the stricken club - including one group with "a Rangers connection".

Previous bidder, Singapore businessman, Bill Ng has reportedly resurrected his interest, while reports this morning also claim former Ibrox bosses Walter Smith and Graeme Souness have links to other consortiums.

Administrators are hoping to complete a sale by the end of the season despite American tycoon Bill Miller withdrawing his offer earlier this week, just days after being named preferred bidder.

Sale Sharks owner Brian Kennedy - whose joint bid with the Blue Knights lost out to Miller's offer - also remains involved in the bidding process.

Joint administrator David Whitehouse was quoted in several newspapers saying: "We've had some quite detailed discussions with three of the four bidders.

"They are very real bidders and although two of them are very late to the table they are actually very advanced in their thought process, well engaged with advisors and well funded.

"They would be - I believe - popular with fans. Both bids.

"They are known names in both football and also within the Scottish community.

"There is certainly a more natural empathy with the club than Bill Miller had.

"There is a Rangers connection there. They want anonymity, but that will break in the next 24 to 48 hours.

"These bidders are in a position where they are well known and if they put their heads above the parapet there will be a crescendo of interest and support and they don't want that yet.

"They will only do so if they are in a position of likely success.

"Brian Kennedy is what I would describe as the fourth bid."

Whitehouse also claims owner Craig Whyte has agreed to transfer his 85% shareholding for a pound.

He added: "To our knowledge, there are written agreements in place with two of the bidders to transfer his shares.

"People say he is selling his shares, but he is doing that for a nominal consideration of a pound. Craig Whyte is not going to benefit from this process."

PA

PROMOTED VIDEO
Have you tried new the Independent Digital Edition apps?
News
In this photo illustration, the Twitter logo and hashtag '#Ring!' is displayed on a mobile device as the company announced its initial public offering and debut on the New York Stock Exchange on November 7, 2013 in London, England. Twitter went public on the NYSE opening at USD 26 per share, valuing the company's worth at an estimated USD 18 billion.
news

Arts and Entertainment
Martin Freeman and Benedict Cumberbatch as John Watson and Sherlock Holmes in Sherlock
tv

Co-creator Mark Gatiss dropped some very intriguing hints ahead of the BBC drama's return next year

News
people

London 'needs affordable housing'

Arts and Entertainment
music Band accidentally drops four-letter description at concert
News
news
Caption competition
Caption competition
Latest stories from i100
Have you tried new the Independent Digital Edition apps?

Bleacher Report

Daily Quiz
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

Career Services

Day In a Page

US immigration: President Obama ready to press ahead with long-promised plan to overhaul 'broken system' - but will it get past a Republican-controlled Congress?

Immigration: Obama's final frontier

The President is ready to press ahead with the long-promised plan to overhaul America's 'broken system' - but will it get past a Republican-controlled Congress?
Bill Cosby rape allegations explained: Why are these allegations coming out now? Why didn’t these women come forward earlier? And why has nobody taken legal action?

Bill Cosby rape allegations explained

Why are these allegations coming out now? Why has nobody taken legal action? And what happens next for the man once thought of as 'America's Dad'
Four years of excruciating seizures caused by the 1cm tapeworm found burrowing through a man's brain

You know that headache you’ve got?

Four years of excruciating seizures caused by the 1cm tapeworm found burrowing through a man's brain
Travelling to work by scooter is faster than walking and less sweaty than cycling, so why aren’t we all doing it?

Scoot commute

Travelling to work by scooter is faster than walking and less sweaty than cycling, so why aren’t we all doing it?
Paul Robeson: The story of how an American icon was driven to death to be told in film

The Paul Robeson story

How an American icon was driven to death to be told in film
10 best satellite navigation systems

Never get lost again: 10 best satellite navigation systems

Keep your vehicle going in the right direction with a clever device
Paul Scholes column: England must learn to keep possession and dictate games before they are exposed by the likes of Germany and Brazil

Paul Scholes column

England must learn to keep possession and dictate games before they are exposed by the likes of Germany and Brazil
Michael Dawson: I’ll thank Spurs after we win says defender as he prepares to return with Hull

Michael Dawson: I’ll thank Spurs after we win

Hull defender faces his struggling former club on Sunday ready to show what they are missing. But he says he will always be grateful to Tottenham
Frank Warren column: Dr Wu has big plans for the professionals yet he should stick to the amateur game

Frank Warren column

Dr Wu has big plans for the professionals yet he should stick to the amateur game
Synagogue attack: Fear unites both sides of Jerusalem as minister warns restoring quiet could take 'months'

Terror unites Jerusalem after synagogue attack

Rising violence and increased police patrols have left residents of all faiths looking over their shoulders
Medecins sans Frontieres: The Ebola crisis has them in the headlines, but their work goes far beyond West Africa

'How do you carry on? You have to...'

The Ebola crisis has Medecins sans Frontieres in the headlines, but their work goes far beyond West Africa
Isis extends its deadly reach with suicide bombing in Kurdish capital

Isis extends its deadly reach with suicide bombing in Kurdish capital

Residents in what was Iraq’s safest city fear an increase in jihadist attacks, reports Patrick Cockburn
Underwater photography competition winners 2014 - in pictures

'Mysterious and inviting' shot of diver wins photography competition

Stunning image of cenote in Mexico takes top prize
Sir John Major: Negative West End portrayals of politicians put people off voting

Sir John Major hits out at theatres

Negative West End portrayals of politicians put people off voting
Kicking Barbie's butt: How the growth of 3D printing enabled me to make an army of custom-made figurines

Kicking Barbie's butt

How the growth of 3D printing enabled toy-designer to make an army of custom-made figurines