Familiar phrases such as ‘early stages’, ‘stock market regulations’ and ‘fan involvement’ can be expected to be attached to the story.
The mystery extent of the debts carried by MIH being supported by Lloyds/TSB are the biggest hurdle to any deal to sell Rangers, until those details are known it’s highly unlikely that a reasonably profitable, or at least cash flow rich, leg of the company will be sold off with obvious assets such as Ibrox and Murray Park.
A deal without those assets, being retained by the banks, could be a possibility but highly unpopular with supporters if their club then have to pay annual rent to use Ibrox.
With David Murray requiring a price for his shares, Lloyds/TSB looking for safeguards that their debt will be honoured and the clubs assets of Ibrox Stadium and Murray Park valued at over £100m it’s unlikely that the £33m bid from the latest white knight will be acceptable.
SCOOP No. 1 The Florida billionairre (Herald have removed the link to their story)
Clueless. If only you knew.
Not difficult to work out. Rangers in debt to the tune of £31M. Murray's asset valued at £100M. Total MIH debt several hundred millions to Lloyds. Simple business logic…Lloyds own Rangers … why would they sell a distressed asset at a 70% write down.. don't think so.