Ticketus show their muscle

268

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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268 Comments

  1. :)

     

    I’m cheating. I have a spanish keyboard.

     

     

    I think there are convoluted ways of doing it with key combinations, but the easiest way without would be to google atletico then copy and paste…..

  2. Greenlion2

     

    The spotlight is starting to get shone on Dingwall. GOOD!!!!!!

     

    HAIL HAIL

  3. Ellboy - I am Neil Lennon, YNWA. on

    I am not suggesting that Ticketus isn´t real and bone fide.

     

    My thinking is… whoever “designed” the Whyte takeover has done so to essentially remove most of/all of the creditors & HMRC & used Ticketus, in part, as a tool to do so.

     

     

    I don´t think that Craig Whyte is just a “chancer” without a plan & I don´t think he is working alone, I could be wrong though & very probably I am.

     

     

    I have tried to find where it says investors “invest” in the individual Ticketus “vehicles”, but I can´t find it now.

     

     

    There are numerous Ticketus “vehicles” all with different numbers i.e. “Ticketus Services 56 Ltd” which I assumed were for each ticket purchase (Rangers, Other Football Teams, Concerts etc.). They each appear to have a limited life span & are dissolved at the end of it, with presumably the profits, if any, shared by the “investors” + the investors benefit form tax relief/advantages etc.

     

     

    If “Ticketus” or the specific “Rangers Ticketus Vehicle” – Ticketus Services ?? Ltd, do not have sufficient security for their purchase.

     

     

    – Then why would new buyers The Blue Knights or anyone else need to include them in the NewCo or even in the business going forward if it was part of the CVA ?

     

     

    – If it is to be a Newco, surely it cannot be held to the Ticketus agreement (unless Ticketus holds Ibrox as security) & the Newco wishes to play football there. or

     

    – If it´s a CVA, then Ticketus, will receive their ??p in the pound for their deal and therefore any revenue from future season tickets would be not payable to Ticketus, as the CVA would have settled their involvement.

     

     

    I certainly could be wrong, but maybe it´s because the money invested in the “Rangers Ticketus Vehicle” originates from one of/or several of the Blue Knights & all along they planned to get it back + around 50% profit. So really “don´t mind” carrying the Ticketus liability forward, whilst at the same time, in the case of a Newco conveniently “ditching” the other creditors & HMRC.

     

     

    Why would anyone “apparently” continue the significant Ticketus liability (40m) if it was “satisfied” by a CVA or saddle a Newco with it, as a Newco can obviously have had no agreement with Ticketus ?

     

     

    Again, I am no expert & could be wrong in all or several parts.

  4. BT

     

     

    cambuslang withdrew the services of there pitch and it was rearranged on thursday.

     

     

    Not a bad game.Amateur Old Firm–Maybe the future!

     

     

    HH

  5. In 1941 the club changed its name to Atlético Bilbao, following a decree issued by Franco, banning the use of non-Spanish language names and scrapping the policy of only letting Basque-born players in the team.

     

    The above is from Wiki .

     

     

    There is a great book on Spanish football called Morbo.

  6. sparkleghirl on 10 March, 2012 at 15:46 said:

     

     

    Thanks, I thought there might be an easy way of doing it. I suppose there is – buy a Spanish keyboard!

     

     

    Monaghan

  7. The Scotsman 2002:

     

    THE Rangers supporters’ fanzine, Follow Follow, has been banned from Ibrox as part of the football club’s fight against sectarianism.

     

     

    At the club’s recent AGM, Martin Bain, the commercial director, said the magazine would be kicked-out of Ibrox, “due to its sectarian content.”

     

     

    Yesterday, a club spokeswoman said: “I can confirm that the comments made by Martin Bain at the AGM are accurate.

     

     

    “Due to the sectarian elements within Follow Follow, Rangers Football Club do not wish to be associated with it.”

     

     

    Despite the ban, the magazine remains on sale on match days within yards of Ibrox chairman John McClelland’s office.

     

     

    Follow Follow, a monthly publication edited by Mark Dingwall, a life-long Rangers fan, is extremely popular among the hardline supporters of the club and each edition sells thousands of copies.

  8. Celticbhoy on 10 March, 2012 at 15:49 said:

     

     

    Didn’t know that, thanks. Had a quick look at spanish wiki which confirms it but says that law was overturned in 1970.

  9. James Edward McGrory 408 goals in 408 league games on

    Just been out and treated myself to a long overdue haircut…picture the scene

     

     

    Entering quiet barber shop, all conversation within stops and the dulcet tones of the inane commentator floats across the shopfloor of the hearts v st mirren game.

     

     

    ‘Whats it to be?’ asks the chubby bald barber. ‘Five all over’ says I.

     

     

    2 minutes into my head shaving and someone pipes up behind me

     

     

    ‘All those timmy’s who think were going into liquididation will soon have those smiles wiped off their faces’

     

     

    another hun barber chimes in with ‘Aye! wance Murray’s team huv their bid accepted we’ll be back to business’

     

     

    enter number 3 hun barber

     

     

    ‘They dont know whats gonnae hit them when we get this mess sorted oot, we’ll pay aff everything including the big tax case’

     

     

    more ignorance fuelled chat prolongs on how rangers fc in administration is going to come back stronger while the conversation turns to Craig Beattie and how he sold his soul to Celtic seeing as he was a rangers fan as a boy.

     

     

    And so finishes my haircut in a hun barber, that I never knew was entirely made up of hun barbers.

     

     

    On paying (without leaving a tip) and about to exit the shop, chubby bald hun says, finally realising I’m there

     

     

    ‘What are ye upta the day big man?’

     

     

    ‘Not much, mate, think I’ll just head up the road and have some jelly & icecream and look for a new barber’

  10. Dingwall shouldn’t be anywhere near our TV screens or airwaves yet he is frequently wheeled out to give his opinion. He must find it difficult not to show his true colours.

  11. Steinreignedsupreme on

    roy croppie on 10 March, 2012 at 15:52:

     

     

    “Follow Follow, a monthly publication edited by Mark Dingwall, a life-long Rangers fan, is extremely popular among the hardline supporters of the club and each edition sells thousands of copies.”

     

     

    Dingwall’s interest in the Huns started after Souness arrived. A rise in interest among their odious support presented Dingwall with an opportunity to fleece them for money. He has made a career out of it since.

     

     

    And by the way, Dingwall secured financial aid for the first few runs of his fanzine from a Celtic supporter.

  12. Putting stress marks or accents over vowels using a Mac – hold options key and type ‘e’, release these keys and then type the vowel over which you want the mark to appear. Simples.

     

     

    e.g. Atlético, Arranjuéz, Marqués de Cáceres

     

     

    I have a new toy.

  13. The Spirit of Arthur Lee on

    Just back freezing from the St Patricks seven a side footy tourney in Coatbridge

     

     

    well done to Cleland 2003

  14. sparkleghirl on 10 March, 2012 at 15:57

     

     

    Thanks Sparkleghirl.

     

     

    I will only use words with accents from now on!

  15. Not a peep from our corpulent first minister at SNP conference on Rangers / sectarianism or his stupid offensive behaviour bill. Hopefully, PL’s prompt response to his ignorant ramblings has shut him up on football matters.

     

    TJ

  16. Steinreignedsupreme

     

     

    The Bloo Knights (what a ridiculous name btw) are talking to supportes groups; if they associate with this type of individual then even darker days are ahead for them. If they do survive and rebuild they should use the opportunity to really try and rid themseves of the stench of bigotry that pervades Ibrox. If Dingwall and his ilk are involved there is no chance of this.

  17. sparkleghirl on 10 March, 2012 at 16:05 said:

     

    Yeah well. I have a ñ and a ç aswell. So there.

     

     

    I’ll find them – if it’s the last thing I do.

  18. Sparkleghirl

     

    didn’t know it was 1970 l just assumed it would have been after Franco died.

     

    Interesting to see how the started to play in red and white.

     

    I believe a similar thing happened with Villarreal who sent someone to get cloth to make strips but could only get yellow material to make enough strips hence they changed to yellow.

     

    Thanks for the chat have to go.

  19. Laird of the Smiles aka PMTYH on 10 March, 2012 at 16:08 said:

     

    Éëęēėêèéëe sometimes the IPad keyboard is useful when it’s not trying to trip you up.

     

     

    Looks like the word with which Craig W prefixes every phrase.

  20. Ticketus statement displays the usual presumtious superiority. They would prefer a CVA result.

     

    Reason being it would give them 3 years of European income.

     

     

    This will be a depleted Targets team plugging a 10m gap in annual turnover. Paying tax and CVA.

     

    How do they presume that they will qualify for Europe

     

     

    Perhaps the SPL 10 should consider letting Rangers start every season with 30 points added. Afterall it is about Scotland need for a strong Rangers.

     

     

    INTEGRITYCSC.

  21. Celticbhoy on 10 March, 2012 at 16:09 said:

     

    didn’t know it was 1970 l just assumed it would have been after Franco died.

     

     

    yes, I would have assumed that too.

  22. googybhoy ♥ Celtic and Integrity on 10 March, 2012 at 16:12 said:

     

    Ticketus statement displays the usual presumtious superiority. They would prefer a CVA result.

     

    Reason being it would give them 3 years of European income.

     

     

     

    Would it? I assumed their deal was just season tickets, which afaik don’t cover euro games?

  23. James Edward McGrory 408 goals in 408 league games on

    Mort,

     

     

    I’ve never been a fan of spending millions of pounds on players. I would much prefer we used our youth players and promote within. The chase of lavishing millions on players for the quick fix is ruining football, especially in this country as we are all aware.

     

     

    Over the last 5 years we have wasted a considerable sum of money on inadequate players, too numerous to mention that have never broke into our first team all because of a need to be champions. It is such a flawed and dangerous strategy.

     

     

    You only have to look at the idiots on the south side to see why but they are not the only team you can point to as why it is such a flawed strategy. A bugbear I have always had with our club is that we dont give the youth players an earlier introduction to the first team.

     

     

    Of course there are exceptions, Forrest at the moment being one. Aiden, Shaun Maloney and Stephen McManus being other recent youth players promoted, but they are few and far between. The talent is there within the youth ranks and we should have more faith in these bhoys from a younger age. I know it is a fine line between success and failure using a youth promotion business strategy though, but I would be willing to invest as much money into our youth academy and scouting system that would stop us having to rely on buying overpriced average players.

     

     

    It is great to see our scouting system being so successful now. Hooper, Matthews, Ledley picked up on a free, Kayal, who none of us had ever heard of to name a few, all purchased with little spend. The policy we have in place at the moment is excellent due to our scouting system and youth academy investment.

     

     

    We have to put more money into these though I believe and not rest on our laurels and think it is perfect the way it is. I really want to see the proposed expansion of Lennoxtown that would enable youth players to be educated and trained full time at the facility. It has to be our way forward. I think more bhoys are starting to understand now why this way should be how we do it and I dont hear as often from fellow bhoys that we have to throw X million or Y million at a certain player.

     

     

    hail hail

  24. Steinreignedsupreme on

    roy croppie on 10 March, 2012 at 16:05:

     

     

    The Barron Knights are desperate and the supporters groups are suffering from delusions of grandeur.

     

     

    What is particularly funny is the RST was backing Craig Whyte even after the Huns entered administration. Dingwall and his cronies met with Whyte on several occasions and were more than happy with how he was running the club. They also slagged off Paul Murray when he criticised Whyte following the take-over. All of this stuff is a matter of record.

     

     

    The whole thing is a shambles and some gullible people will lose money, and I think we all know who will pocket it.

     

     

    Liquidation is inevitable. And the BK and chancers like Dingwall know it.

  25. JimmyQuinnsBits on

    Folks,

     

     

    A wee bit of help please. Clearing out one of the family’s house as they’re movin to a new place. Have an assortment of 8 celtic tops/ t-shirts etc. all in very good nick, size medium, and too small for the weans in the family who seem to be outgrowin me at an ever younger age.

     

     

    2005-2006 era.

     

     

    They fit me lengthwise, but are lacking in width for my muscle-bound frame… cough…

     

     

    Anybody know contact details of a good celtic-based charity they can go to? Seem to recall reading bout one which collected shirts from Tommy’s funeral for distribution abroad?

     

     

    JQB

  26. Just had a look at the EPL table, Sunderland up to 8th, MON is really something of a miracle worker!

     

     

    Vaultbhoy

  27. This posted on FF

     

    ________________________

     

     

    Saturday, 10 March 2012

     

    HOSTILE BID COULD CLOSE RANGERS – Exclusive

     

    RANGERS are at the mercy of a hostile takeover which could see the club closed down.

     

     

    The news that the astute Paul Murray has struck a deal with Ticketus is a big step in the right direction towards returning Rangers to safe and sensible stewardship.

     

     

    But as things still stand, anybody with enough money could move in and make the administrators an offer they can’t refuse…and not just from a financial viewpoint either.

     

     

    Some folk suspect dark forces have been at work in the background.

     

     

    Be that as it may, the fact remains that Rangers are more vulnerable to hostile forces than they have ever been in their illustrious 140-year history. There is nobody inside Ibrox with the clout to stand up and protect Rangers from the club’s many wealthy and extremely well connected enemies.

     

     

    Think about it! And Rangers supporters must do exactly that in order that they heap plenty of pressure on the Duff and Phelps Two, Brian Clark and David Whitehouse so they know their every move is being watched.

     

     

    So Clark and Whitehouse know that if the Doomsday scenario comes to pass they will be held accountable by the many millions who support Rangers and who are scattered throughout the globe.

     

     

    Clark has already admitted that the motives of some of people who have expressed an interest in buying Rangers have to be questioned.

     

     

    WHY?

     

     

    Who are these people? What are their questionable motives?

     

     

    What Clark said was a direct quote from him in Friday’s Daily Record, the newspaper that has led the way in this whole sorry tale since it kicked off the WHYTE SCANDAL by exposing his dodgy deal with Ticketus.

     

     

    There was another direct quote from administrator Clark which set me thinking and set alarm bells a jangling. It was that some individuals have attached themselves to more than one consortium which has expressed an interest in buying Rangers.

     

     

    Now, before some of my colleagues – those who see Scottish football through Peter Lawwell’s eyes and describe it from his script – dismiss this as the ravings of someone who has just reported UFOs in his back garden, let me pose a question.

     

     

    Back in May, when Rangers had just stopped celebrating a third successive title and Craig Whyte moved in, with Rangers seemingly debt free, would they have believed the Ibrox club would be in their current situation?

     

     

    And no matter what doubts they harboured about Whyte at that time, how many will admit they saw all of this coming? That Whyte would turn out to be a huckster, a trickster, a conman, and very possibly a common thief?

     

     

    Nary a one I’ll wager.

     

     

    So what if there was somebody out there meaning to do Rangers harm? Somebody whose riches scaled the peak of being a BILLIONAIRE….and then some?

     

     

    What if he saw £80m as small change, well worth spending to kill Rangers?

     

     

    Are there such people? Well, not in Scotland. But in a nearby foreign country? Mmmmm…….. Think about it!

     

     

    Such a person, either boldly and with a brass neck, but more likely hiding behind nominees, could buy Rangers, which would give him Ibrox Stadium, the training ground in Milngavie and the Albion car park.

     

     

    He could then decide that Rangers, as a football club, was being closed down. That would leave him with the three properties. None of which would give him his money back if he sold just now.

     

     

    But what if he held on until an upturn in the economy and sold Ibrox and the Albion for building social and/or affordable housing? Of course he would need the help of Glasgow City Council.

     

     

    Think about that!

     

     

    As for the land outside Milngavie? I am sure a deal could be struck for upmarket housing to be built there, giving any such so minded and rich enough enemy of Rangers his original investment – or at least the guts of it – back.

     

     

    Impossible?

     

     

    Well two people, neither of them given to conspiracy theories, both senior professional men, who I put such a scenario to said it was unlikely, but not impossible.

     

     

    For the original question regarding why Craig Whyte bought Rangers remains unanswered. Though the emergence of any hostile bid to buy Rangers and close the club could provide some answers.

     

     

    Especially regarding just how Whyte can sustain a multi millionaire lifestyle with no visible means to support it. It must be a helluva big Giro he’s getting.

     

     

    For the moment it is enough for Rangers supporters to be placed on red alert as to the danger their club is in. And enough for the Duff and Phelps Two to be made acutely aware of just how closely their every move is being watched.

     

     

    Even when they retreat to their Glynhill Hotel hideaway in Renfrewshire. Or even check in at the more up market Grand Central in Glasgow city centre.