Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Bid for Rangers withdrawn
Daily Mail, June 19th, 2012 4:48PM

MOST READ

MOST COMMENTED

A consortium led by former Glasgow Rangers manager Walter Smith announced Tuesday it has withdrawn a bid to buy the new company that has replaced the liquidated Scottish club. Smith said an offer of 6 million pounds ($9.4 million) to the Charles Green consortium had been rejected, and confirmed his group have pulled out of attempts to purchase the re-organized company.

"Our offer has been rejected and they have made a counter-offer inviting us to join their consortium," a statement from Smith read. "However, the current business plan is not in accord with our understanding of the present circumstances of the club and the way forward, but we would prefer to leave them to proceed in their own way and we wish them good luck in their endeavors."

Green bought out the assets of the cash-strapped club and created a new company with the aim of replacing Rangers in the league. The club was forced into liquidation when British tax officials -- chasing debts of more than 21 million pounds ($32.6 million) -- refused to accept a proposal by Green to repay only a small portion of monies owed.

Scottish Premier League clubs will vote July 4 on whether the new Rangers will be a member for the 2012-13 season.

Read the original story...


No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
FIFA: Qatar Needs Labor Reform to Keep 2022 World Cup    
FIFA executive committee member Theo Zwanziger on Tuesday indicated that 2022 World Cup host Qatar must ...
CWC: Auckland City the 'Winner,' but San Lorenzo Progresses     
Real Madrid's will face San Lorenzo of Argentina in Saturday's Club World Cup final after the ...
Di Maria Beats Messi, Aguero to Argentina's Player of the Year    
Manchester United winger Angel Di Maria has beaten Lionel Messi and Sergio Aguero to Argentina's player ...
League Cup: Rodgers Defends Sterling as Reds March On     
Following Liverpool's 3-1 League Cup quarterfinal win at Bournemouth, Coach Brendan Rodgers defended two-goal hero Raheem ...
League Cup: Pocchettino Hails 'Fantastic' Spurs     
Tottenham will play Sheffield United in the League Cup semifinal after thrashing Newcastle United 4-0 at ...
Klopp Hints at Dortmund Departure    
Borussia Dortmund coach Jurgen Klopp hinted that he could soon depart the BVB by saying he ...
Platini: Garcia Resignation a 'New Failure' for FIFA    
Michael Garcia, the man FIFA hired to investigate the bidding process for the 2018 and 2022 ...
Xavi: I Want to be Like Pep     
In an interview with Spanish paper El Pais, Barcelona midfielder Xavi reveals that he wants to ...
Report: Odegaard to Sign for Bayern Munich    
Norwegian wonderkid Martin Odegaard turned 16 on Wednesday, and reports in Germany claim that the Stromsgodset ...
Report: Falcao Wants to Stay, United Unsure    
In an interview with the Guardian, Radamel Falcao says he wants to stay at Manchester United, ...
>> Section 2 Around the Net Archives