Rangers administrators annouce indicative bids received as deadline closes

The Ibrox club's future appears brighter after two parties confirmed their bid ahead for the takeover of the club who face a 75 million pounds unpaid tax bill
Rangers' administrators, Duff and Phelps, have announced that they have received several indicative bids for the club ahead of Friday’s deadline for takeover offers.

The Glaswegian club went into administration in February and are battling to keep the club afloat after winding up an unpaid tax bill of 75 million pounds.

But the administrators have insisted that interest in a takeover of the club has been worldwide since they invited bids for the SPL side, and that further offers could be made.

In a statement, joint-administrator David Whitehouse said: “We are very pleased to announce that to date we have received several indicative bids for Rangers Football Club.

“We believe the level of interest in purchasing the club from around the world reflects the pedigree and history of the club and the fact the financial position of the business is beginning to clear and will continue to do so over forthcoming weeks.

“The key element of the bidding process thus far has been to give prospective bidders the opportunity to demonstrate their funding capability.

“We cannot, under our remit, exclude the possibility of a bid by any other party and interest was expressed by a party today suggesting a bid will be made over the weekend.”

Two bids will definitely be made for the SPL champions.

One will be led by Brian Kennedy, the owner of rugby union team Sale Sharks and the other by the former Rangers director Paul Marry, who heads the ‘Blue Knights’ consortium.

Murray released a statement earlier today confirming his interest: “We firmly believe that our bid is in the best interests of the club and its fans.

“We're ready to go, we have the finances in place and we want to get the club stabilised as quickly as possible.”

“Like every other Rangers fan, I'd love there to be some certainty about the future of our club before next weekend's Old Firm game. It would provide a massive boost to the team and its fans ahead of such an important game.”