Ticketus secure their £40m of tickets

None of you will be surprised at today’s opinion from the Court of Session in Edinburgh that Rangers’ deal with Ticketus cannot be set aside, despite some absolutely pitiful reporting to the contrary.  It’s fine to get things wrong every now and then, we all get Duff information on occasion, but please….

It’s worth recording, Ticketus may only have paid £20m + vat but the tickets they own are worth in the region of £40m. High risk investments require a high return.

Rangers’ administrators argued that the deal inhibited their ability to rescue the company but the heroic Blue Knights submitted a bid accommodating Ticketus, undermining the administrators’ argument. If only the Blue Knights were in a position to strike a deal with Craig Whyte they could be regarded as helping the situation instead of being hapless fools.

Next up is HMRC, who have not capitulated and agreed to accept a few pennies in the pound.  They have not agreed to accept anything less than all monies owed.  Soon after that we will hear that no court has been able to set aside Craig Whyte’s security over Ibrox.  The most underappreciated man no longer in Scotland remains the only person with a reasonable chance of phoenix-ing Rangers.

The first 26,000 (approx.) tickets sold to each Rangers game for the next three years are owned by Ticketus.  In the event a phoenix occurs, Rangers will have to revert back to budgets from their glory days of the 1950s – we will soon be told this is a great omen.

If you are going to Ibrox on Sunday, take care and enjoy your visit.  Take photographs of the occasion and send them in, we’ll perhaps use them on a future edition of CQN Magazine.  It may prove to be the end of an era.

If you’ve not read the article below, about one of Jinky’s great performances, do so now.

Issue 7 of CQN Magazine is out now! Go to the dedicated magazine site here to read it properly (which you’ll not be able to do below).

Thanks to everyone who has bought a hard copies of the magazine, it looks like the sold out sign will go up again.  Order your copy for delivery by clicking on the link below for news and views from Celtic supporters.

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1467 thoughts on "Ticketus secure their £40m of tickets"

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  • !!Bada Bing!! Kano 1000

    VP-You posted last week some hun tried tae gie ye a doin outside the Vogue? Am i the fall ghuy?Big G64 is still pretty reasonable at £1.80 a can :}.I’m going to CP to watch the game,might be a conga when the team bus gets back.Saying that,Murderwell are a cert tomorrow,as per Police orders.

  • ernie lynch

    bournesouprecipe on 23 March, 2012 at 16:43 said:

    The lottery has been described as a tax on those who don’t understand statistics.

  • Green Lantern (((((0)))))

    Ticketus Tocketus!

  • bournesouprecipe

    There is a massive moonbeam of success coming to Rangers. It’s going to happen. 

    We’ve got big plans. 

    David Murray, 2006

  • !!Bada Bing!! Kano 1000

    ernie-brilliant.

  • voguepunter

    Bada

    No hun has ever tried to give me a doing for one good
    reason ,I am above three feet in height .

  • fergus slayed the blues

    Declan
    You my son are living proof that the Romans shag*ed sheep
    No offence meant
    hail hail

  • bournesouprecipe

    ernie

    That’s the bottom line

  • wonkyradar

    Why do I associate “The Rangers” with the musty pungent odour of an old lady?

    Some weird form of synesthesia?

    Like Juve’s nickname: the “odour of old lady”.

    Medication time! Medication time!

    I’m tired…and its a lot of belloni!

  • !!Bada Bing!! Kano 1000

    VP-They might have thought G64 was tasty wi yon Desert Storm outfit he wears?

  • ABZMike

    Looks to me like any RFCNewCo could simply build a new stadium (one that wasn’t falling down and need millions of pounds of repair) and leave TicketUs with a stack of season tickets for an empty stadium, for a nice saving of say £10M once a new home was built or bought.

  • jock steins celtic

    Ticketus is not a company but an Investment Vehicle. So Ticketus backing for the Blue Knights would (logically – probably a silly word to use here) have to be from the original investors who invested in the Rangers/Whyte Season Ticket buying venture. Talk about throwing good money after bad.

  • wonkyradar

    The huns are stuck under the wheel of the Ticketbus…

  • bournesouprecipe

    For every fiver Celtic spend he’ll Tickle Us.

  • !!Bada Bing!! Kano 1000

    A Philadelphia lawyer would need a Philadelphia lawyer to work all this out.

  • Aipple

    ernie lynch

    My old man always said about the lottery. Think he called it a tax on the stupid though. Haven’t seen him since he won!

  • Paul67

    Chairbhoy, really enjoyed writing that one. I am sure Ticketus have sufficient sucurities to see them through all scenarios.

    philvisreturns, ha! Deloreans were from Ulster, I suppose.

    Monaghan1900, could you point me to that paragraph/page. Ticketus claim they are not a creditor but that they own the tickets.

    They also assert they have security but have not said how or what this security it. My assumption is that they have a claim on the security Craig Whyte has on the stadium.

    In short:

    There is a floating charge over the stadium and Murray Park. You can bet your ticket for Sunday that anyone who has put money into Rangers in the last year has a claim on that security.

    Summer of 65, great, thanks for buying the magazine.

    ernie lynch, see above. Ticketus statement a few weeks ago referred to them having security. They declined to say what but you can be pretty sure they were not making it up.

    iBhoy, no. Ticketus claim is on the first circa 26,000 tickets sold for each game, irrespective if it is a season ticket or not.

  • ArranmoreBhoyLXV11

    Let’s be honest.,the tax dodgers and media were hoping the ticketus deal be set aside and allow them to puff their wee chests and tattoos out for Sunday whilst putting the boot into Celtic players under the watch of compliant officials..

    All the while backed by bigoted bitter bluenoses… ( all the b s!!)

    That won’t happen now.. Their gonads are in the wringer and being crushed as we eat jelly n ice cream…

    I really like this god of karma…

    Let the people sing!!

  • Houl yer wheest

    Mort on 23 March, 2012 at 15:56 said:
    The last line of Lord Hodge’s judgement is:

    I conclude that the legal nature of the rights which Ticketus has in the Ibrox stadium, the season tickets for that stadium and the proceeds of future sales of the season tickets are purely personal contractual rights. In relation to the second alternative direction I refer the administrators to my discussion in paragraphs [38] to [62] above.

    It seems to me that whether it’s Newco or Oldco Ticketus have the ST rights for events in Ibrox.

  • Glendalystonsils likes a mr whippy with his lime green jelly

    Bournesouprecipe

    That ain’t no moonbeam headed their way, that’s one o’ them thar meteorites!
    Paul 67
    Take photographs indeed! I’ll have you know i have a very expensive and delicate camera which would disintegrate if I tried to photograph the contorted, wailing faces of the orcish hordes. (Might be worth it though!)

  • bournesouprecipe

    There’s a very posh family on the subway. Obviously never used public transport, they don’t even know the “No talking” rule.

  • !!Bada Bing!! Kano 1000

    Let the people sing!!
    Oh the peepil at the back of the Ticketbus they canny sing.

  • Declan Is Neil Lennon 1888 Hates being 2nd

    paul76 do you still think the rangers will be liquidised chief

  • Ron Bacardi

    I see they are still trying to demean our winning the title this year, lots of ex-rangers players prompted by various papers about how the troubles at Rangers have made it easier for us, and of us possibly winning at Ibrox would not compare to their winning 9iar at Celtic Park, and how we should not celebrate at their midden if we do (even Charlie Nicholas!)

  • !!Bada Bing!! Kano 1000

    Is there new tax laws on 1st April,?Paraphrasing-that a new company morphed from a previous one, could still be liable for various taxes accrued by the old one?

  • starry plough

    George ‏ @drummogo Reply Retweet Favorite · Open
    I have two spare tickets for the Broamloan stand for Sunday selling face value £42 each #HH

    Roccobhoy if you’re still around…

  • miki67

    Every day,in every way…this just gets better and better. I’ve just been in the CelticTaxCase page,and,like Wee Wullie Bluenose’s sad effort,I cannot YET tell if it’s serious or a wind up! Whatever it is, it’s wonderful stuff.
    To the real deal : anyone got any ideas as to who we’ll field on Sunday? For sure, I’d like to see Broonie,Sammi and Big Vic feature heavily and if Forster is on his ‘A’ game we should prevail.
    We all know the kinda outfit they’ll produce : a classic Thug Eleven. It’s all they know. HH!

  • 67Heaven … I am Neil Lennon..!!..Truth and Justice will always prevail

    Doo doo………. I was confident justice would prevail……..they will have honestly thought the judge was going rule in their favour since they are the peepul…………silly little buns……..the judge is an honourable man, who applies the law to a situation, AS WILL HMRC …… And forget 50p etc in the £ ……..” doo doo…

    Wonder why Peter wants the league to be extended to 14…….?

  • miki67

    Karma IS a wonderful thing….but not if you’re on the wrong end of it!

    Like that lot…..hahahahahahahahaha!

  • iBhoy

    iBhoy, no. Ticketus claim is on the first circa 26,000 tickets sold for each game, irrespective if it is a season ticket or not.

    ***

    Glad to hear it, was a bit worried I had given them a get-out since the document referred to season tickets rather than tickets.

  • wonkyradar

    My daddy gave me a big cray-on again and I writed on the paper:

    My daddy has fallin asleep on the big couch. He does this every day. His big Rangers vest is covered in cheeseballs and sausage. He has his baseball cap on. He snores like a big gorilla. It scares me a lot. He kicked over his cider bottle again. It will dry in wiff the other stains. Thats what he always says. His sticks are next to him. He has just waked up. He kicked the dog again. “Nacho! Ya wee bas…” he says. He begins to cry when he sees his cider is gone. We will have chips and chicken nougats again today. He shouts out: The Big House must Stay Open! The Big House must Stay Open! it frightens all the neighbours a lot. My daddy has lots of those metal sticks. I think he has wet his jogging bottoms again: The Big House must Stay Open! That is the Bottom Line! he shouts again as he goes to the little boys room…

  • Ron Bacardi

    so how many serious bidders for ‘buying’ them are left?

  • Vmhan Supporting Lenny!

    Just in from work and switched on SSN…… ha ha!

    Is this the first time ever that der hun are getting a bad news story prior to a Glasgow derby?
    V

  • ernie lynch

    Houl yer wheest on 23 March, 2012 at 16:59 said:

    ”It seems to me that whether it’s Newco or Oldco Ticketus have the ST rights for events in Ibrox.”

    No that’s wrong.

    When Lord Hodge says that the rights are purely personal contractual rights he means they are personal to the parties to the contract ie Ticketus and huns plc.

    They are not real rights ie they do not attach to the seats or the stadium

    If huns plc cease to exist by being liquidated, the contract is dead.

  • danso_1888

    some posters on kds and rtc are coming to the conclusion that the
    court decision is actually better for duff and duffer

  • Vmhan Supporting Lenny!

    Asking price for huns has been seasonally adjusted to ….. £24.4 mill plus £1, can the penny arcaders cover it? I think they’re gonnae need more flags and sausages :¬)
    V

  • Vmhan Supporting Lenny!

    This feels like a cure for the common cold, I do feel a lot better :¬)
    V

  • Magnificentseven

    Ron Bacardi on 23 March, 2012 at 17:12 said:
    so how many serious bidders for ‘buying’ them are left?

    same as at the start NONE!! they are doomed to liquidation :-)

  • Kevtic

    Favourite goal & player you didn’t see.

    Goal – great clip in the prevoius article of the 67 league title clincher at Ibrox – Jinky’s second goal has for a long time been my favourite Celtic goal that I didn’t see in the flesh.

    Player – Would have loved to have seen Bobby Lennox. When Bobby Charlton gives you a special mention, you must be a special talent.

  • Vmhan Supporting Lenny!

    fergus slayed the blues on 23 March, 2012 at 16:51
    ………….
    Brilliant!
    V

  • Randy Marsh

    Hearing that d&p are happy with the ruling as it means that ticketus don’t have to be paid and that they can refuse to honour ticketus arrangement if they want. Anyone shed any light?

  • MattE

    SSN Just In
    Duffers putting a positive spin on court decision!?!
    It will let them move forward with the Bru Knights.
    A pun of square slice should help…

  • TopCorner

    an Edinburgh jury actually made the correct decision

    wooft, unbelievable times

  • Auld Neil Lennon heid

    !!Bada Bing!! Kano 1000 on 23 March, 2012 at 17:05 said:

    Is there new tax laws on 1st April,?Paraphrasing-that a new company morphed from a previous one, could still be liable for various taxes accrued by the old one?
    ===================
    NAW! How many times?

  • Auld Neil Lennon heid

    Randy Marsh on 23 March, 2012 at 17:21 said:

    Aye and Ticketus will say “Wheres our £24M?” and sue.

  • Ron Bacardi

    but to get back to football, the huns have not had to release any players so any press hunguffery about them having to play youngsters is bollocks, although ‘Super Ally’ might have a ‘cunning plan’

  • Auld Neil Lennon heid

    ernie lynch on 23 March, 2012 at 17:16 said:

    Which supports the idea that Ticketus will bankroll a Newco on the basis they get their money back – eventually.

    Perhap sat less than 25,000 a season for four seasons but still a chunk out of Newco main income stream. (No UEFA money7 for three years remember)

  • Houl yer wheest

    ernie lynch on 23 March, 2012 at 17:16 said:
    I have to disagree with you

  • RaRaRasputin

    Not sure I 100% agree Paul67.

    The judge seems to state that no real right to the tickets exists as yet (as they are future tickets) and therefore Ticketus cannot assert ownership of that right. At the point when Rangers (in administration) sell the ticket, then Ticketus become a creditor to the value of the money raised, although the judge states that, as is standard, the administrators can renege on paying this if it is the interests of the creditors as a whole.

    However, the administrators cannot currently void the contract with Tickets so if Rangers were ever to exit administration then they would have to honour the deal.

  • TopCorner

    Paul
    great Jinky piece
    happy birthday on 6th May when it comes
    ages yet
    haha
    all quiet out here in the desert
    jelly n ice-cream in full flow
    gonna miss the golf trip
    but hey-ho
    maybe again in days to come
    i go for 3-0 for Celtic on Saturday
    said 5-0 v killie
    shows what the heck do i know ?
    haha
    fine news re “I’m Ticketus”
    40 big ones !

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