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.
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Hello
Hail hail
first
a podium for my birthday?
Agree, Hector is the number 1 player in all of this.
1st coorslad,
wish you were as quick up to the bar..
Top ten
A furst,long time since I got one of them..
god bless her majesty
How many season tickets could Ticketus sell for Ibrox Rovers in division 3?
s, revenue & customs
Ticketus statement on their website
http://www.ticketus.co.uk/
Can’t wait till the game tomorrow… think it will be a tight one but 3.1 would be a great result.
Congrats on Issue 6 selling out Paul. How many copies was that if you don’t mind me asking?
Mort
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?”.
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..
http://www.youtube.com/watch?v=ToVIlrfpBAA
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?
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.
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?
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
Still can’t get away from the fact that HMRC are waiting…
Why would you buy this train wreck of a club?
HH
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
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
jmccormick
Many happy returns mate enjoy your day.
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
Paul,
Will issue 7 be ‘Unfit and Improper: The Story of The 10’?
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.
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?
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.
Fountainhall
A few pubs on Clepington Rd which is only a short walk to the ground.
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..
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.
Paul67
The Rangers scandal might yet prove to be Celtic’s get out ticket.
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
Cheers Hamiltontim
The lunatics are taking over the asylum!!!
…..we’ve stopped the “10” before
and if we work together we’ll do it again.