Sport : Football

KENNEDY 'IN FRAME' FOR GERS TAKEOVER

18th April 2012, 10:04pm

Bet with SkyBet  Scottish Premiership. Click here to bet.

Brian Kennedy: Back in the Rangers race

Brian Kennedy: Back in the Rangers race

Brian Kennedy is back in the race to take over Rangers, a source close to the club's administrators has told Press Association Sport.

The Sale Sharks owner saw a previous bid rejected last month for being too low but said at that time he would return to the table if he felt the club's future was in jeopardy and has contacted administrators Duff and Phelps.

The source said: "Brian Kennedy has spoken to the administrators with a view to making a proposal. He is back in the frame."

American tycoon Bill Miller and Bill Ng, a Singaporean businessman, are rival bidders while former Rangers director Paul Murray's Blue Knights consortium, originally backed by Kennedy, have stepped aside to help facilitate what they hope will be a quick deal with any of the other bidders in order to save the club from liquidation.

However, despite "intensive discussions" taking place on Wednesday and into the night the takeover saga shows no signs of reaching a conclusion soon with Duff and Phelps frustrated in their attempts to get an unconditional bid on the table.

While it is not yet quite clear what Edinburgh-born Kennedy is offering, it is believed some of the conditions attached to bids from Miller and Ng cannot be fulfilled or guaranteed by the administrators who are continuing to work towards a resolution.

The apparent impasse is not good news for Rangers fans or manager Ally McCoist who on Tuesday called for the administrators to name a preferred bidder as soon as possible after expressing concerns over the protracted nature of the bidding process.

The source said: "The administrators are acutely aware of the desire to get a deal done as soon as possible.

"They want to accept unconditional offers but all bids have conditions and some of them can't be fulfilled by administrators."

It is believed one of those conditions involves Ticketus, the London-based investment firm whose money allowed Craig Whyte to buy the club from Sir David Murray last May.

Ticketus, who have rights to £27million of season tickets at Ibrox for the next three seasons, confirmed they are still speaking to the Blue Knights and Ng, but will leave it to the administrators to chose the preferred bidder.

A spokesman for Ticketus told Press Association Sport: "Despite some reports we have been talking to Paul Murray by phone on and off since Monday, we are still talking about a possible joint bid.

"We are also still in discussion with the Singaporean bidders."

Bet with SkyBet  Scottish Premiership. Click here to bet.

Football Videos

    Rangers chairman Somers to resign

    Rangers chairman Somers to resign

    01-March-2015

    David Somers will resign as Rangers chairman before the clubs EGM meeting on Friday, 6th, March. Somers will step down days before his future in the position is due to be voted on by shareholders.

    Pochettino proud of his players

    Pochettino proud of his players

    01-March-2015

    Tottenham head coach Mauricio Pochettino said he was disappointed for the fans but had nothing but pride for his players.

    Cech - As special as the first

    Cech - As special as the first

    01-March-2015

    Chelsea goalkeeper Petr Cech said winning the Capital One Cup was just as special as winning his first trophy with the club.

    Cesc - Costa the main man

    Cesc - Costa the main man

    01-March-2015

    Chelsea's Cesc Fabregas said Diego Costa did exactly what was asked of him in the Capital One Cup final.

    Sky Bet

      • Retrieving latest Sky Bet odds

    Facebook Favourites