Kennedy out of Rangers buy-out race

Brian Kennedy is no longer in the running to buy Rangers and has urged the club‘s administrators to opt for a rival bid instead, a representative for the Sale Sharks owner has said.

It is understood Kennedy was told by Duff and Phelps that his takeover bid was too low.

He appears unlikely to table an improved proposal after saying he hopes administrators go with another bid tabled by former Ibrox director Paul Murray and his Blue Knights consortium.

Kennedy was one of a number of parties who had expressed an interest in taking over the ailing Glasgow giants, who were forced to call in the administrators on February 14.

A spokesperson for Kennedy said he was ``disappointed but not surprised by the outcome''.

Kennedy added: “I was only going to get involved for the good of the club.

“I am glad the process is now moving on and I hope the administrators now go with the Paul Murray/Blue Knights bid as they have the best interests of the club and the supporters at heart.”

More in this Section

Profit-sharing deal could transform Pacific Islands rugby, says Dan LeoProfit-sharing deal could transform Pacific Islands rugby, says Dan Leo

Cricket Ireland announce three-match series against England in 2020Cricket Ireland announce three-match series against England in 2020

Ex-players Stephen Frampton and Tom Feeney to help find next Déise bossEx-players Stephen Frampton and Tom Feeney to help find next Déise boss

Aaron Gillane out of Limerick SHC due to broken jawAaron Gillane out of Limerick SHC due to broken jaw


Lifestyle

Triathlete Carolyn Hayes is flat out. Since October 2018, she’s literally been racing around the world.On the treble: Triathlete Carolyn Hayes goes flat out to win a place in the Olympics

Children starting or going back to school is a reminder of how we all need an energy boost when sitting at a desk for hours, no matter what our age.Energy fix: Top 8 snacks for children

A sommelier shares her top tips.The dos and don’ts of serving wine – you just might have been doing it all wrong

It’s that time of year again; the long summer days are numbered, summer’s lease is all too short as she takes her last few breaths.Learning Points: Top tips on coping with back to school stress for you and the kids

More From The Irish Examiner