'Several' interested in Rangers takeover

Soccer : Rangers' administrators say they have received "several expressions of interest from parties not connected to the club…

Soccer: Rangers' administrators say they have received "several expressions of interest from parties not connected to the club" since taking over the running of the Scottish league champions.

Paul Clark, of administrators Duff and Phelps, made the announcement during a press conference in Glasgow.

Duff and Phelps were appointed on Tuesday after Her Majesty's Revenue and Customs (HMRC) forced the issue in the Court of Session in a bid to secure payment of €10.75 million in PAYE and Vat, accrued since Craig Whyte's takeover of Rangers in May last year.

Rangers were immediately deducted 10 points by the Scottish Premier League, leaving them 14 points adrift of Celtic and with little hope of winning a fourth successive title.

READ MORE

Clark said that interest in the cash-strapped club will be given due consideration.

"As administrators we have to look at all other expressions of interest in the club and to date we have received several expressions of interest from parties not connected to the club," Clark said. "These will be subject to ongoing discussions and examined in the forthcoming days."

Clark said he had spoken with Rangers boss Ally McCoist and the players but was unable to confirm if any club staff, including the players, would be made redundant.

"This morning I spoke to the club's manager Ally McCoist and the playing staff at the club's training at Murray Park. I told them a review of staffing, including playing staff, would be necessary as part of the process and that it would be next week at least prior to any decisions being taken in this area.

"I'm not going to speculate what this review will entail. I am delighted to confirm that we will be making the February payroll obligations in full."

Rangers are awaiting the verdict of a tax tribunal which could cost £75million but Clark said that he does not believe there is any danger of liquidation.

"There has been widespread comment and speculation about the finances of Rangers," Clark said. "At this moment it is not possible to give a detailed financial report but we can assure everyone that as part of the process there will be a full account of the club's financial affairs and this will be published in due course and become a public document.

"Looking to the future we are hopeful that a Company Voluntary Arrangement (CVA) can be achieved and these are measures that are put in place and deal with all of the club's liabilities. As a result of our preliminary assessment we are wholly confident that Rangers will continue as a football club.

"We do not think that liquidation and the closure of the club is a likely outcome at all. We need to stabilise the financial position and ensure from now on income exceeds expenditure. We fully understand the 140 years history of Rangers football club and are taking steps to ensure this history will endure."

Meanwhile, Celtic boss Neil Lennon indicated that he was less than impressed with the press conference, writing on his Twitter account: "Well that press conference was clear as mud. Every question body swerved."