McCoist u-turn: newco wouldn't mean liquidation
Giving an update on the ongoing financial crisis at the club the Ibrox boss claimed that a newco could be formed without the club being liquidated.
On Sunday in an interview with Radio Scotland McCoist was asked about the prospect of the club going into liquidation and warned that: “I would have to say that that looks more of a possibility now than it ever has.”
With no signs of any fresh proposals on the table and the SPL still to vote on new financial fair play regulations McCoist struck a more upbeat tome today previewing tomorrow night’s visit from Dundee United.
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.
“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.”
A newco that wouldn’t involve liquidation of the current club would further test the resolve of the SPL who are due to meet on Monday to vote on transferring the share of a liquidated club to a newco.
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