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"But to achieve that break even model, you have to be comfortable that the fans are going to turn up and renew season tickets and you're going to get that core revenue through the gate receipts.
Gers deal 'possible this week'
Duff and Phelps are evaluating three offers for the Glasgow giants after American tycoon Bill Miller Converse Chuck Taylor 2 Canada
"On a core trading model, there isn't a cash deficit unless you invest in players or unless you assume that there's going to be a deterioration in gate receipts."
"It entirely depends on what your ambition is for the club in terms of player squad, etc, and how you maintain the club going forward," he added.
Rangers' administrators maintain a deal to safeguard the future of the financially stricken club can be concluded by the end of this week.
"I can say that HMRC are interested to see the merits of each one of the offers and they are Converse All Star Black Mono open to further discussion with us.
Whitehouse maintains the club can recover.
"The structures of deals that are being discussed vary but all are working to a timetable that they have to be completed by the end of the season."
Whitehouse also claimed owner Craig Whyte has also reached an agreement to transfer his shares to a UK based consortium, a requirement for a Company Voluntary Arrangement.
Two of the three bidders are new to the process, co administrator David Whitehouse of Duff and Phelps said, and Sky Sports understands that Singaporean businessman Bill Ng, who had previously withdrawn his interest is the other interested party.
The American businessman described information he received while conducting due diligence as being "more optimistic than reality" and also pointed Converse Rubber Black
new interested parties have adequate funding in place.
"We have also taken the decision not to send out renewals for season tickets so that any party coming in to take over the club would have that funding.
Miller favoured a 'newco' route to create what he described as an "incubator" company while Duff and Phelps aimed to take the club out of administration through a CVA.
try to reassure supporters that while our duty as administrators is to secure the best deal for creditors, this is not just about the survival of the club but giving it the ability to thrive.
Sarah Bell from Duff and Phelps said a 'newco' deal would be quicker, but all
out opposition to his takeover bid by Rangers fans as reasons for his withdrawal.
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withdrew his bid despite being granted preferred bidder status ahead of a rival bid from Brian Kennedy and the Blue Knights consortium.
Invest"If you don't invest heavily in the player squad, and you accept that you're going to compete competitively at simply domestic level over the next 12 24 months, it is quite easy to see a break even model.
Rangers play their final match of the Scottish Premier League season at St Johnstone on Sunday, with Whitehouse optimistic of progress before then.
"What we can say is that without going into exact figures we are satisfied that all three parties have the financial wherewithal to complete a deal.
PossibleHe said: "It's certainly possible to get a deal done. I think whether we can say that is likely, we will be in a better position to say that tomorrow lunchtime.
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