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I am a Rangers fan and I hope that his bid is successful. Will he make money? No. But he will have a lot of fun. Imagine his club Rangers going to the Champions league to playthe big european clubs. He will lose money for sure, as players wages and operating expense will exceed club revenues. But, boy, will he have a lot of fun going to champions league matcheson the continent. I rather lose money this way than the Ho Jinx way, which is to just give it over to some conman who suckered her. OR]
The Singaporean boss of a local football club is behind one of four bids for cash-strapped Scottish champions Rangers, media reports said on Friday.
Bill Ng, the chairman of Hougang United, told media he is leading a Singapore-based consortium that hopes to be the winning bid for the Glasgow giants.
Administrators have received four bids for the venerable 140-year-old club including one fronted by former Rangers director Paul Murray and from groups based in Singapore, Germany and the United States.
The administrators said Thursday they would consider three of the four bids submitted.
"The weakness lies in the people who run the club and I feel that we can do something better," Ng was quoted as saying by the New Paper.
Neither Ng nor staff at his Singapore club were available to confirm the bid when calls were made to Hougang United by AFP.
The New Paper said Ng's group likely submitted a bid of around 20 million pounds ($32 million) for Rangers and the bulk of the money would be used for paying off its creditors.
The bid by Ng's Singapore-based consortium marks the second time investors from the wealthy city-state have attempted to buy a British football club.
Singaporean billionaire Peter Lim in 2010 attempted unsuccessfully to buy English club Liverpool for 320 million pounds.
Administrators were called in to Rangers on February 14 after British tax authorities went to court to seek payment of an unpaid bill of nine million pounds ($14m) built up since owner Craig Whyte took charge at Ibrox in May last year.
Administration is the process whereby a company that cannot pay its debts calls upon independent expert financial help in a bid to remain operational.
The Singaporean boss of a local football club is behind one of four bids for cash-strapped Scottish champions Rangers, media reports said on Friday.
Bill Ng, the chairman of Hougang United, told media he is leading a Singapore-based consortium that hopes to be the winning bid for the Glasgow giants.
Administrators have received four bids for the venerable 140-year-old club including one fronted by former Rangers director Paul Murray and from groups based in Singapore, Germany and the United States.
The administrators said Thursday they would consider three of the four bids submitted.
"The weakness lies in the people who run the club and I feel that we can do something better," Ng was quoted as saying by the New Paper.
Neither Ng nor staff at his Singapore club were available to confirm the bid when calls were made to Hougang United by AFP.
The New Paper said Ng's group likely submitted a bid of around 20 million pounds ($32 million) for Rangers and the bulk of the money would be used for paying off its creditors.
The bid by Ng's Singapore-based consortium marks the second time investors from the wealthy city-state have attempted to buy a British football club.
Singaporean billionaire Peter Lim in 2010 attempted unsuccessfully to buy English club Liverpool for 320 million pounds.
Administrators were called in to Rangers on February 14 after British tax authorities went to court to seek payment of an unpaid bill of nine million pounds ($14m) built up since owner Craig Whyte took charge at Ibrox in May last year.
Administration is the process whereby a company that cannot pay its debts calls upon independent expert financial help in a bid to remain operational.
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