BLUE KNIGHTS DENY NEWCO CLAIM

The Blue Knights claim their bid for Rangers is not conditional on a newco option.

Last Updated: 01/05/12 at 16:22 Post Comment

Latest Articles

Eden Hazard worth £200m, says Chelsea boss Jose Mourinho

6 comments

Jose Mourinho values Eden Hazard at £200m and says if Real Madrid want the Belgian, he would be one of the first to know.

Premier League: Chelsea boss Jose Mourinho values playmaker Eden Hazard at £200m

1 comments

Chelsea boss Jose Mourinho values Belgium playmaker Eden Hazard at £200m after reported interest from Real Madrid.

All Articles

Brian Kennedy: Has clarified his positio

Brian Kennedy: Has clarified his positio

Brian Kennedy and the Blue Knights have stressed that their bid for Rangers is conditional on a Company Voluntary Arrangement being agreed rather than a newco option for the stricken club.

Manager Ally McCoist said that he believed both offers submitted to administrators Duff and Phelps were likely to involve a newco situation but that neither bid involved liquidation.

American tycoon Bill Miller is the other interested party, with administrators hoping to name a preferred bidder this week.

Kennedy and the Blue Knights have moved to clarify their own position.

A statement from Kennedy's spokesman read: "Following inaccurate media reports, the Blue Knights/Brian Kennedy consortium wishes to clarify its position.

"Firstly, on Saturday evening 28 April 2012, we submitted a materially increased offer which will be confirmed by the administrators, Duff & Phelps.

"Secondly, and for the avoidance of doubt, our offer is conditional on a CVA and the delivery of Craig Whyte's shares.

"If successful, this will retain the SPL membership share in RFC 1899."Speaking in his pre-match press conference ahead of Wednesday's game against Dundee United, McCoist was "very hopeful" that administrators will name a preferred bidder for the club this week.

He said: "I would be very hopeful that we would have positive news in terms of a preferred bidder this week.

"We can't really afford to go any longer at all.

"I would be really, really hopeful from what I'm hearing, what I've been told, that there would be a preferred bidder named this week."

McCoist added on Wednesday: "I spoke to the administrators last night and they were still involved in ongoing discussions with two potential purchasers.

"I think there is no liquidation at all with any of the two parties involved.

"That's my reading into the situation, I just hope I'm correct in saying that.

"Not being totally business-minded, I think the two offers - certainly one and very probably the other - do consist of newcos but I have been told that does not involve liquidation."

Football365 Facebook Fan Page

The Football365 fan page is a great place to meet like minded people, have football related discussions and make new friends.

Footer 365

Arsenal 0-0 Chelsea: Chelsea move within six points of Premier League title

Chelsea remain on course for a fourth Premier League title after a 0-0 draw with closest rivals Arsenal at the Emirates.

Marouane Fellaini: I never lost my quality during first Man Utd season

Marouane Fellaini has taken a swipe at his critics, saying his fruitful time at Everton was "quickly forgotten".

Everton 3-0 Manchester United: Louis van Gaal's side suffer second straight Premier League defeat

Everton beat Manchester United 3-0 at Goodison Park to inflict a second straight Premier League loss on Louis van Gaal's side.

Mail Box

Chelsea Millions Should Buy Better...

For the money they have spent, Chelsea should be playing like the Harlem Globetrotters rather than Atletico. We have mails on Cesc, Brendan Rodgers and...

Brendan Rodgers Is David Cameron...

Rodgers is compared to the Prime Minister, insomuch as he has a right to peddle bulls**t, apparently. Plus why comparing Arsene Wenger to Diego Simeone is a mug's game...

© 2015 Sky Ltd. All Rights Reserved A Sky Sports Digital Media company