Mon, Jul 1, 2013 at 6:58 AM


By: fengyadi

GLASGOW -- A consortium headed by former Sheffield United chief executive Charles Green agreed to buy financially stricken Scottish club Rangers on Sunday. Kyle Arrington Jersey . Administrators running the record 54-time Scottish champions confirmed the deal after an American takeover of the club collapsed on Tuesday. The administrators announced that an "irrevocable" contract had been struck with the group, and -- unlike the former preferred bidder Bill Miller -- cannot now back out. Under the plans for the 8.5 million-pound ($13.7-million) takeover, Rangers should exit bankruptcy protection before the start of the new season. "There are 20 individuals and families who have pledged support -- the cash is in a bank account," said Green. "No investor will own more than 15 per cent. There are some investors from the U.K., the Middle East, Asia and the Far East." Green said the names of the investors would be released if the club is granted a Company Voluntary Arrangement -- a legal procedure to help rescue a struggling firm by agreeing to deals with creditors over the repayment of debt. Rangers entered bankruptcy protection in February following a long-running dispute with British tax authorities. Its future has been at stake after falling into tax debts of $14 million since a takeover by Craig Whyte a year ago. The Glasgow club is also awaiting the verdict of a tax tribunal involving as much as $119 million. Its already narrow hopes of retaining the Scottish Premier League title were ended by a 10-point deduction that was automatically triggered by going into administration. The full takeover is expected to go through at the start of June. "We are not out of the woods yet," Rangers manager Ally McCoist told the BBC. "Once the complete sale goes through prior to 6 June, I will be the most relieved man in the country." Michael Jenkins Jersey . Fernandes spent four hours in transfer talks with Remy before going for a more personal touch by playing "FIFA 12." Remy says "it showed to me what a good person Tony is. He showed his human side to me as an owner of the club. Tim Tebow Patriots Jersey Elite .I. -- Former Boston Red Sox pitcher Curt Schilling -- whose video game company underwent a spectacular collapse into bankruptcy last year -- is selling the blood-stained sock he wore during the 2004 World Series. . Not a hard-hit ball, by any means, but at least 50 feet beyond the infield. Rob Ninkovich Patriots Jersey . 16 because of the CONCACAF Champions League. The change was needed because the Galaxy are scheduled to play Monterrey in a two-legged Champions League semifinal beginning April 3 at home and concluding April 10 in Mexico. Kyle Arrington Jersey Elite . While Rautins was a lightning rod for controversy and discontent, one could make a pretty compelling case that he was never really given a fair shake as head coach of the team. First of all, his hiring almost derailed any hope he had of succeeding on Day 1.MIAMI -- A return home failed to end slugging prospect Anthony Rizzos slump, so the San Diego Padres are sending him back to the minors. The South Florida native was optioned to triple-A Tucson following Thursdays 5-3 win over the Marlins. After tearing up the Pacific Coast League, Rizzo joined the Padres on June 9 to make his major league debut. But he batted only .143 with 36 strikeouts in 98 at-bats. "He handled himself great for a 21-year-old coming up to the big leagues for the first time," manager Bud Black said. "There was a lot of hype, and he handled it well, even through adversity. Its time for him to go back and get baack on track and get his confidence back. Daniel Fells Jersey. ." First baseman-outfielder Kyle Blanks was recalled from Tucson and will join the Padres on Friday. Rizzo had a big cheering section of family and friends this week for the Padres sweep of the Marlins. But his hitless streak grew to 13 at-bats, and he conceded his confidence had been shaken. "Ive just got to get my swing back," he said. "I believe Ill be up here for a long time in the future. Obviously I was struggling and wasnt putting good swings on the ball. Ive just got to go get that back." Rizzo made 28 starts for San Diego, all at first base. ' ' '

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