Ticketus show their muscle

It’s still difficult to differentiate news which sounds important with information that is important.  Rangers doing a deal to retain their (underperforming) players for their remaining meaningless leagues games was news, but not important information.

Administrators amended their contracts to include release clauses.  This means that although top players have taken a hit on their wage packet, they will at least earn something, whereas redundancy would have left them without pay until the summer.  Their agents are also able to line up deals for them with other clubs.

In other unimportant news, Steven Davis and Neil Alexander both put their homes on the market yesterday.

The important information came from Ticketus, who own what will be the vast majority of season tickets for the next three seasons, and have partnered with Paul Murray and various supporters’ organisations to bid for Rangers.  Ticketus will not be top of Murray’s list of partner organisations but he will realise the club is in their control.

The consortium’s stated aim is to emerge from administration via a CVA, which I still regard as absolute fantasy.  As Phil Mac Giolla Bhain reminded me with his article from January, HMRC already rejected an offer of £10m to settle from Craig Whyte, notions that they would be prepared to accept less now is hilarious.

Rangers will liquidate.  Duff and Phelps plan to sell their league membership share to a new company leaves Ticketus ownership of the tickets in place.  Plans to sell the league membership to a consortium headed by the company that enabled Craig Whyte to work his magic, and a director from the old improper-contracts regime are, literally, incredible.

We must remain resolute and do everything in our power to escape from this sorry messy of a league.

CQN Magazine issue 6 has sold out, many thanks for all your support.




268 thoughts on "Ticketus show their muscle"

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  • lostinbonnybridge Kano 1000

    Hail hail

  • our day has come

    first

  • jmccormick

    a podium for my birthday?

  • SaintLubo

    Agree, Hector is the number 1 player in all of this.

  • Tricoloured Ribbon

    1st coorslad,
    wish you were as quick up to the bar..

  • boab1888

    Top ten

  • coorslad

    A furst,long time since I got one of them..

  • Timabhouy

    god bless her majesty

  • Gordon_J backing Neil Lennon

    How many season tickets could Ticketus sell for Ibrox Rovers in division 3?

  • Timabhouy

    s, revenue & customs

  • sparkleghirl

    Ticketus statement on their website
    http://www.ticketus.co.uk/

  • GourockEmeraldBhoy HAILS THE KANO FOUNDATION

    Can’t wait till the game tomorrow… think it will be a tight one but 3.1 would be a great result.

  • Mort

    Congrats on Issue 6 selling out Paul. How many copies was that if you don’t mind me asking?

    Mort

  • weeminger

    And what does the new consortium do when the tax bill hits? Assuming that Ticketus want to at least break even out of the whole nonsense, who’s going to come up with the capital to keep a team of roughly the same quality of team together because without that Ticketus will probably still lose their investment?

    To paraphrase some film that I’ve completely forgotten – “Why won’t they just die?”.

  • coorslad

    Tricoloured Ribbon on 10 March, 2012 at 12:23 said:
    1st coorslad,
    wish you were as quick up to the bar..

    One time I used to be a regular first..Its a long walk to the bar in Tracys..
     

  • up_over_goal

    Paul67

    OK, as you seem to be talking SPL resignation –

    Leaving aside economic reasons for not doing so, if Celtic were to apply to, say, League 2, what’s to stop a newly formed Rangers 2012 from hitching on the back of our ride?

  • jmccormick

    ah well , it was close. decided to enjoy my birthday anyway even though the big present of liqidation never arrived in time.
    Still I agree that it will soon be here. I posted last night that all of a sudden there is a rash of “good news” about. Strange?
    I just see a panic about all of this to get a deal of sorts sorted before wages day and vat quarter due payments due.
    The big stuff, EBT`s and ALL that is involved there will be their downfall, that and their inability to shrug of the Redneck White Supremacist attitude that prevails.
    HH off to Jamie`s Italian to stuff my face, then back home for Rioja, Cava and Manchego by the wagonload.

  • Gordon_J backing Neil Lennon

    Ticketus: “The members of the Consortium are united in their belief that a collaborative approach is essential in securing the Club’s future through a CVA, thereby achieving a fair and fast resolution that will put the Club on a secure financial footing. Through a CVA rather than liquidation, the Club will benefit from being able to qualify for future European competition and access the significant revenues associated with this. Preserving this revenue stream, and the Club’s 140 year old legacy, is paramount and in the best interests of all parties.”

    So a CVA is fair? Letting the club off with 90%+ of debts to taxpayers and others is fair? Still, as long as Ticketus makes money, eh?

    And a CVA preserves the history? So is it the Consortium’s official view therefore that liquidation would end it?

  • James Edward McGrory 408 goals in 408 league games

    Paul67,

    Are you an estate agent on the sly? I’d love to know how you know davis & alexander put their houses up for sale :p

  • bunburybhoy

    Still can’t get away from the fact that HMRC are waiting…
    Why would you buy this train wreck of a club?
    HH

  • Fountainhall Bhoy

    Rangers will liquidate. Duff and Phelps plan to sell their league membership share to a new company leaves Ticketus ownership of the tickets in place. Plans to sell the league membership to a consortium headed by the company that enabled Craig Whyte to work his magic, and a director from the old improper-contracts regime are, literally, incredible.

    This is the bit that is amazing, D&P not showing him the door and the media hailing him as some saviour. You could not make it up!

    Going to the match tomorrow, any suggestions for good bars pre match?

    Hail Hail

  • falkirkbhoy

    I love the little things tucked away, like the houses up for sale and of course the biggest news, issue 6 sold out.
    From a blog with a few articles a week, to the daily update around 1pm, now sometimes a hourly update, all your hand work through these time it must be good feeling with the sell out. Well done Paul

  • hamiltontim

    jmccormick

    Many happy returns mate enjoy your day.

  • Timabhouy

    what are the shareholders/stakeholder
    in ticketus think about investing in this
    black hole of a club
    money down the drain
    lost invesments
    think what happened to R.B.S

  • The Battered Bunnet

    Paul,

    Will issue 7 be ‘Unfit and Improper: The Story of The 10′?

  • Alasdair MacLean

    Paul 67

    You are depressing me!

    I can’t believe such a dastardly squence of events could be allowed to happen.

    I’ve spoken to a few Rangers supporters in the last few days who, when I put the this scenario to them, had at least the grace to look embarrassed and stated they would rather go down to the bottom.

  • @CelticAgents

    Paul,
    FWIW id rather Celtic removed themselves from the SPL when Newco are reinstated, but I just can’t see it happening.
    Best WE can hope for out of this?
    Liquidation means no European football for 3 years and no history. Zero stars.
    To quote a famous blogger, could this be the start of a generation of domination?

  • Joe Filippis Haircut

    I still see Paul Murray and ticket us as smoke and mirrors Murray wasnt interest when he could have bought the huns for a £1 so why would he buy them now ? I still see it as getting into position for newco 2012.In order to buy Rangers at the moment agreement would have to be agreed with all the creditors to take something like 10p in the pound and HMRC for one wont accept that the current club are not viable its as simple as that.We are getting lots of spin at the moment but there has been no change in there plight. H.H.

  • hamiltontim

    Fountainhall

    A few pubs on Clepington Rd which is only a short walk to the ground.

  • coorslad

    So will ticketus fund Murray,and when he goes belly up they own the lot..sounds like they want the lot..they have have tickets to events that might not happen,so they have to ensure that they do..

  • Che

    James Edward McGrory 408 goals in 408 league games on 10 March, 2012 at 12:30

    Both are CQN Blog lurkers and willingly passed on the snippet.

  • bournesouprecipe

    Paul67

    The Rangers scandal might yet prove to be Celtic’s get out ticket.

  • greenbhoy67

    Paul I thought the SPL share reverted to the SPL upon liquidation and is not an asset that could be sold. Is it not more a member thing eg I am a member of a golf club if I can no longer afford it I am out and I cannot sell half a years membership to someone else

  • Fountainhall Bhoy

    Cheers Hamiltontim

  • coorslad

    The lunatics are taking over the asylum!!!

  • bankiebhoy1

    …..we’ve stopped the “10″ before
    and if we work together we’ll do it again.

  • VertWolf

    Paul67

    I don’t think any of this is too surprising or sinister – all parties are acting as expected

    Having been stiched up by Whyte Ticketus are forced to align themselves with a group that claims to want to buy RFC as a going concern – it is the only way they can retain any significant value in the tickets they own – the problem they have is that there is only one group that is going to put in such a bid the Blue Knights

    The Blue Knights bid is going forward because it is sponsored by WATP and they still believe that they will be allowed to indulge in the same chicanary they have practised over the last couple of decades – they are a group of supporters still in denial

    Nothing will come of it – due legal process will puncture this floated balloon

    VertWolf

  • South Of Tunis

    Big hungry Octopus swims towards Squid Row.

  • bournesouprecipe

    Rangers are the only professional club in Britain never to have fielded a player from the Rep of Ireland.

    Via Total Celtic

  • Mort

    greenbhoy67

    The SPL is a legal private company with an allotted share capital of £16 divided into 16 £1 shares. Each member club owns a share and when a club is relegated, it is required to transfer its share to the club who gets promoted.

    Just like any other company any of the shares can be sold to any other but the articles of association have specific rules on when transfers can happen and who can purchase a share.

    Mort

  • SaintLubo

    All the posts calling for Celtic to bail out and join the EPL. Hasn’t anyone considered the rather strong probablity that the EPL will collapse in the not too distant future. All it will take is the first domino to fall….

  • bunburybhoy

    Vertwolf@12:45
    I hope you are correct.
    HH

  • James Edward McGrory 408 goals in 408 league games

    Mort (previous thread)

    I completely agree with you on both points. NL has made more successful signings in his time than failures. My point wasnt so much about the money spent on Juarez’s acquisition but more apoplexy at why he isnt being given a reasonable opportunity to stake a first team position. I cant remember him ever being given a consecutive run off games before we loaned him out. I just dont understand why we bought in the first place for such a figure if we were not going to give him a chance. I understand he might not have settled into life here and it may have affected his form but I didnt think he played that atrociously bad to merit being loaned out.

    On the subject of how the club has been run. I completely agree, it is a testemant to the board and manager that the price paid hasnt had a catastrophic impact on our finances. I would much rather we employed a business model that awarded our youth developed players first shot at the first team than spending money on players who we are never going to play though.

    For example, we have wasted £3m on Juarez were we could have built more Youth facilities at Lennoxtown. An opportunity wasted in my opinion. I hope the board and manager think twice next time before spending so much on a player and have more faith on the youth academy, investment will bring success.

    Hail Hail

  • conzaloni

    Can someone explain who actually owns rfc just now. What are the administrators selling?
    If CW owns 85% of the club how can another third party sell what legally is not their property.
    Any explanation for a confused mind?

  • jorges barnet

    Paul,

    Are you aware of our board actively trying to engineer a move? This is getting more and more corrupt and looking like we could be the team most punished as a result of this if we do not move. It is like the so called shame game again where they will escape unpunished and smirking while somehow we pay the bill.

  • ‘crushed nuts?’ ‘Naw, Layringitis!’

    The journo from the Irish Independent (posted earlier) claims that Celtic fans are as bad as Them and are defined by hatred and a desire to see them fail. His attitude is shared by many scottish people who have a byline in the scottish meeja.
    Whilst they highlight the violence, hatred and bile that is generated whenever Celtic play ranjurz, they express, at the same time, the opinion that scottish football cannot survive without it!
    When was the last time you read or heard that Celtic v ranjurz was a ‘classic’ or even ‘a good game’?
    Imagine you owned a classic car, you spend money doing it up and showing it off, you take it to shows and it wins prizes, you bask in the adulation that comes with the glory. Unfortunately because you think that your car should be entering bigger competitions so you make modifications, bigger engine, luxury fittings, but it doesn’t win. You become disillusioned with the whole thing and decide to sell. Your original valuation is too high and, despite your friends aggresively marketing your car, no-one shows any interest.
    You lower your price, still no interest, your friends proclaim that this is because you’re too particular about who you will sell to. You lower your price again, in the meantime the new components that you fitted prove to be unreliable and costly to repair and replace.
    Rumours begin to circulate that you have funded your car by not paying your road tax, you’ve also been using fuel duty free. Your friends are outraged and proclaim that you have done nothing illegal and are only doing what every other car owner was doing.
    At thhis point a man you’ve never met before, but who has a vast supply of money, offers to take your car, this object of devotion, for £1. Reluctantly you accept, but you and your friends are assured that this new owner is just what your car needs.
    At first your friends are effusive in their praise of this man. They speak in hushed tones about his lavish intentions, not only is he going to totally refurbish the car, he’s also going to build a brand new garage!
    A few weeks later he wraps the car round a tree, your friends are outraged at his cavalier treatment of this venerable relic of better times.
    You and your friends have vociferously denounced those who had questioned the new owners’ driving licence and his poor insurance rating.
    The car is taken to a garage, the mechanics are confident that they can make it roadworthy, others, who know about cars, are convinced that the car is a write-off and that people are being duped.
    Your friends are dismayed but are convinced that your Roll Royce Silver Cloud will return as a Vauxhall Corsa, but it will stil be the same car! Anyone who queries this is treated as a mental defective or evil-minded sort who just doesn’t understand how important the Corsa is.

    share

  • Charles Patrick Tully

    just turn on the hearts v stm game ball goes out for a shy. The hearts fan hits the linesman with the ball.

  • James Edward McGrory 408 goals in 408 league games

    Che on 10 March, 2012 at 12:38 said:

    I see :)

    I’m a bit of that myself as I work at a hospital on the south side of glasgow known to be the location of players medicals ;)

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