Rangers takeover: Conditions altered for bidders

Rangers administrators Duff and Phelps have confirmed that all three bidders wish to remain in the running to purchase the club despite proposed changes to Scottish Premier League rules.

By The Newsroom
Saturday, 14th April 2012, 1:06 pm

However, there have been changes made to the conditions attached to their bids, including a request for access to the football authorities in order to seek “greater clarity” on the SPL resolutions.

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Former Ibrox director Paul Murray’s Blue Knights, a Singapore consortium fronted by Bill Ng and American tycoon Bill Miller are all vying for control of the stricken Glasgow giants.

If Rangers are liquidated, the proposals would see a ‘newco’ deducted 10 points for two seasons if accepted straight back into the SPL and would also face financial penalties in the form of league payments being slashed by 75 per cent for three seasons.