I’m confused by the latest developments in the Rangers administration story.
From what I can gather, an American, who it is doubtful has ever even met a Scotsman or watched a fitba’ match wants to buy Rangers.
No, sorry, that should read he wants to buy Rangers assets for £11 million (they are worth several times that) and leave its liabilities in administration. He wants to do this without striking a deal with either the club’s majority shareholder or Ticketus.
As if Rangers’ creditors (including HMRC) are going to settle for £11 million.
Furthermore he wants guarantees in place that if he succeeds in performing this conjuring trick, that the SFA and SPL will not punish any newco club with points deduction, relegation or forfeiture of any historic honours won by Rangers.
The very fact that this guy is even being given any credibility by the administrators or those in the corridors of power in Scottish football is a disgrace.
From here it looks to this blogger that if a deal is done to let this guy take over Rangers it could very well be the end for them and will surrender any remaining credibility for Scottish Football.
If it does happen it will be because there is a collective will to save Rangers at any cost, even if the cost is greater to the wider game in Scotland.
Duff and Phelps continue to make £600 per hour out of this nonsense.
Edited to add : And yet overnight the situation has become even more confusing. The SFA has imposed a life ban from Scottish Football on Mr Rhyming Slang. Presumably they have concluded that he is to be held up as the man to blame for the whole mess. They have also banned the club from signing new players for a season. It would seem that scuppers any remaining hope of Rangers avoiding liquidation and that Duff and Phelps have trousered a couple of million quid for nothing. Trebles all round!
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