Paul Clark, joint administrator, said yesterday: "As administrators we had hoped to announce the acceptance in principle of an offer for the purchase of Rangers Football Club, which would be followed by a period of exclusivity while due diligence is undertaken.
The firm had hoped to declare yesterday the acceptance in principle of an offer for the purchase of the Ibrox giants, with Paul Murray's Blue Knights, the American businessman Bill Miller and a Singapore consortium fronted by Bill Ng still in the running.
Duff & Phelps have been considering three best and final offers and joint-administrator Paul Clark said: "As administrators we had hoped to announce [on Wednesday] the acceptance in principle of an offer for the purchase of Rangers Football Club, which would be followed by a period of exclusivity while due diligence is undertaken.
The principles that ought to apply to the purchase of a personal service are those that apply to the hiring of a person; they are not the principles that apply to the purchase of a good.
The purchase of ABS could in principle boost credit, especially if the underlying loans are to small firms.
In the meantime, efforts such as those of the Leapfrog Group, which urges businesses to base the purchase of health care on principles that encourage patient safety measures (e.g., computer physician order entry), should be expanded.
Now the Russians reclaimed it, agreeing in principle, however, to the eventual purchase of the railway by China.
Results of additional tests suggest that earnings predictability improvement more likely follows from extended disclosure requirements and the other changes in the Purchase Method ("better purchase" issue) than from the elimination of Poolings-of-Interest ("purchase vs. pooling" issue).
Norwich City have agreed a deal in principle with Everton for the £8m purchase of Steven Naismith having revived interest first expressed in the summer, though they face competition from a number of rival Premier League clubs to secure the Scotland international.
The test of the Morrison case was written with a simple principle in mind: securities purchases on American exchanges were fair game; purchases abroad of foreign companies were not.
