No outright bids made for Rangers
Despite indicating to Ally McCoist that they were anticipating half a dozen serious bids for the club no firm offers have been made due to the uncertainty over a number of issues.
As well as a possible tax bill of £49m there are question marks over the legality of Craig Whyte’s takeover last May and a deal with Ticketus that gives the London based business over 20,000 season tickets for the next three seasons.
Rangers also face a ban from European football if they are unable to provide audited accounts before the end of the month, the last audited accounts for the club were upto 31 December 2010.
Tonight administrators Duff and Phelps stated: “It is evident from our preliminary assessment of the expressions of interest and indicative bids that prospective purchasers are looking for clarity on certain issues at the earliest possible opportunity prior to submitting more detailed formal bids.
“There are complex issues to be resolved and there is no doubt they are having a bearing on the bidding process. At this stage we have indicative and conditional bids only.
“Our next step is to review more thoroughly the bids we have received and to determine which could offer the best return for creditors. We will also consider the terms and conditions that any party has attached to their bid.
“This process will involve further discussions between ourselves and interested parties and will begin early next week with a view to clarifying the content of each offer.
“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.”
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