Court throws out bid to cancel Rangers deal with Ticketus

Duff and Phelps have failed in their courtroom bid to get the deal between Rangers and Ticketus overturned.

The decision by Lord Hodge at the Court of Session in Edinburgh is a hammerblow to hopes of rescuing the club from administration through a CVA.

It’s now expected that two of the conditional bids for Rangers will be withdrawn leaving Paul Murray and his mysterious Blue Knights consortium, which includes Ticketus, as favourites to take over the club.

Duff and Phelps had challenged the deal between Craig Whyte and Ticketus which was completed separate to the £1 buy out of David Murray’s 85% shareholding.

With the legality of that deal confirmed any would-be new owners have to accept that the London-based agency are entitled to the first 25,000 season tickets for the next three seasons.

That restriction coupled with no European football next season and a potential tax bill of £49m makes liquidation of the club much more likely.

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