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Glasgow Rangers expecting bidding war

Administrators have revealed that up to five different bids are expected from investors keen to buy financially-stricken Scottish champions Rangers.

The Ibrox club have had to bring in Edinburgh-based administrators Duff and Phelps to help solve their debt crises, but a number of interested parties are ready to battle it out to become the side’s new owners.

“We have been in detailed conversation with a number of parties over the last couple of weeks and the best and final bids are due to be submitted by Wednesday at 5pm,” David Whitehouse told the Rangers website.

“It could be we end up with at least four possibly five bids being submitted.

“If it becomes clear after the bids then we would want to be backing one horse very soon after Easter and then concluding a deal within a few weeks – in other words ownership change – and Rangers would come out of administration at that point.

“We need to have ownership change before the end of the season.

“I am told that Craig Whyte will not be an impediment to any deal,” he concluded.

Sale Sharks owner Brian Kennedy, a Singapore-based consortium and American investors Club 9 Sports are all believed to be interested parties.

By Gareth McKnight

Article title: Glasgow Rangers expecting bidding war

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