Prospective Rangers owners, Brian Kennedy and the Blue Knight (I refused to continue to pluralise a singularity) have submitted a joint bid for the club, which they consider to be “substantial”, which should mean it’s worth a lot more than the £11.2m Bill Miller spoke about last week.
The offer is conditional on a CVA being approved and Craig Whyte’s shares being acquired. For a CVA to be put to the unsecured creditors, the secured creditor, Craig Whyte, would have to be satisfied first.
Whyte’s security as a creditor is valued (by him) in the order of £30m. All proceeds from the sale of the club up to this value go to him unless he waves his rights or is subject to lengthy legal challenge. Only money over and above this value will be available to the non-secured creditors, most importantly HMRC and Ticketus.
So, unless Kennedy and the Blue Knight have bid considerably north of £30m, we’re not talking pennies in the pound, we’re talking pennies in the £100m. In the event a CVA is concluded, Ticketus own circa the first 25,000 tickets sold for each game for the next three years.
Apologies for repeating the same story now for ten weeks: Craig Whyte is the only show in town, he always has been. Unless you agree to purchase his shares and security, any bid is a fantasy. I think I can hear Mr Whyte laughing from here. Perhaps they’ll now stop blaming Raith Rovers.
Apparently, the charade continues.
One team in Glasgow,
There’s only one team in Glasgow.
One team in Glasgow,
There’s only one team in Glasgow.
1,208 Comments- Pages:
- «
- 1
- ...
- 7
- 8
- 9
- 10
- 11
- 12
- 13
- ...
- 32
- »
Jobo
You truly are a gent. Either that or you enjoy watching my perpetual humiliation on the leader board :-))
VP
Not for the first time.
DresdenCSC on 27 April, 2012 at 20:08 said:
Do the Dresden Bhoys still drink in J J Beans (or something like that). I watched a few games in there seven or eight years ago. Good craic, good beer and good God some of the women………
HT
big question
will C Murray ref the game fairly …if he does we`ll do them ..if not then problems
surely he cannae cheat us twice in a month or thereby
Didn’t say if he was going, but I’d be surpised otherwise. He can easily access the Oxford canal from the Grand Union, which is where he was this morning, in the pouring rain!!
Pablo’s birthday today and a Friday, so he might still be on or later.
hamiltontim on 27 April, 2012 at 20:20 said:
eh?
your still reeling from that tongue lashing (stop sniggering) you got from the middle class ladies today?
voguepunter on 27 April, 2012 at 20:19 said:
Headtheball on 27 April, 2012 at 20:14 said:
Maybe wrong ,but pretty sure read a post
from James Forrest wanting them saved.
/////
Well, if he meant they could languish in the lower leagues for a few years and possibly eventually return to the SPL financially hamstrung, I could just about go along with that.
hamiltonim
Did you not referee a game on the final day of the season and make a controversial decision that cost the league,marred young kids for life if not longer?
O.G.Rafferty on 27 April, 2012 at 19:56:
Cheers mate. Loving it, now I understand why if their appeal earns a reduction in punitive measures.
What ever did happen to Third Lanark?
Keep the Faith!
Hail Hail!
G64
Sharp as a tack me,when I dont have a drink,but I do drink everyday.
PF @ 20.17
See Paul67’s Headline
charade |SHəˈrād|
noun
an absurd pretense intended to create a pleasant or respectable appearance: talk of unity was nothing more than a charade.
• (charades) a game in which players guess a word or phrase from pantomimed clues.
ORIGIN late 18th cent.: from French, from modern Provençal charrado ‘conversation,’ from charra ‘chatter,’ perhaps of imitative origin.
On Sunday the most important thing is that no-one connected to CFC get hurt
Thats players and supporters where ever they are
It would be nice to thump them by 5 or 6 but we really want to avoid serious injury
The choice of MIB tells us that the huns will have free reign to kick anything that moves
Bottom line is that for us there will be a new season in August
the huns do not have that to look forward to – so being huns they will be programmed to destroy
Stay safe everyone and stay strong Craigy – you know you bought that club fair and square for a County Down!
HH
HT
More often than not “them” and Hertz will win if we have a man(men) sent off. So if the MIB behave and we keep all 11 on the park then we’ll win :-)
Bhoy67 on 27 April, 20:08
Only that this could make the events of this week look like the calm before the storm
O.G.Rafferty on 27 April, 2012 at 19:56 said:
that sounds like a line from silence of the lambs……
same difference?
My good lady has just poured me a nice glass of Jamesons. Coronation Street (or whatever) must be finished. I’m signing off to enjoy my wee glass of medicine.
Hope everyone has a BIG smile on his / her face on Sunday. Give them a real doing bhoys and make sure they remember their last visit to Celtic Park!
RalphWaldo…
Ok, if you see him on here before me let him know I’ll be going and to contact me westwalescelt@googlemail.com…
Cheers bud…
RalphWaldoEllison-is Neil Lennon Season 2011-12 on 27 April, 2012 at 20:18 said:
No originally from the south side. What school did you attend?
che
http://www.thekanofoundation.com/predictor.html
VP
Good session in the Vogue tonight.
Peerless Patsy in the black socks
G64
Who with?
Lennybhoy, 20:24
They have to tread very carefully as with a European dimension it can come back to bite them with some venom on the collective well-rounded arse. Interesting times ahead, no doubt
Summa of Sammi – have been away for a while and completely missed the passing of Steve R. Only met him a couple times – we swapped our fave music – and didn’t like each others! But he was such a lovely guy – almost exactly the same age as me coincidentally. Can’t believe he’s no longer with us and gone at such a young age.
Thanks for the note of this special day.
Happy birthday Pablophanque – which he told me was something to do with the Beatles. Not sure he was impressed with my (lack of) musical knowledge!! Wherever you are I still think Mike Oldfield is better :-))
Kr’s
TB
Duff and Duffer explain CVA’s to Murray and Kennedy
http://www.youtube.com/watch?v=3_ueY4REpCs&feature=fvst
Che, 20:26
And didn’t the silence of the succulent lambs bring us here in the first place?
TwoTunTimfromTeddington on 27 April, 2012 at 20:23 said:
The Dresden CSC = We’ve moved to a couple of different places! On Sky we meet in the Fiddler Pub on Louisenstr, ESPN it’s the Dubliner (Weise G) and BBC/ITV it;s the Shamrock! Follow us on FB! Dresden CSC and if you;re ever back in sunny DD, you’ll get the same welcome!
Shocking, no not fat sally’s comments but that’s my first drink of the day.
Having a bottle of “lost sheep” £5.99 from M&S must recommend it, indeed will finish the bottle and have another :)
VP
The usual suspects.
G64
Hope you didn’t spend any of your winnings.
….PFayr on 27 April, 2012 at 20:17 said:
The reason why Moisty and Jardine have been inciting the huns to degenerate behaviour is because there is no one in control at ibroke. It’s they only way they have of feeling like they are in control. :)))
In truth it is the only control they have left and it’s only succeeding in distancing them selves from the only people who can actually save them. Nice.
Eric
Bobby Evans Superstar:
Did you ever see Evans play- if so how good was he?
Who would you compare him to now?
He is something like the 7th in club history for app… Nearly 550 games. He must have been goid because he nearly got 50 caps for Scotland…we all know the history of our national team.
O.G.Rafferty on 27 April, 2012 at 20:30 said:
Indeed it did, and it seems like an eternity ago this juggernaut stated rolling down the hill….and it keeps on rolling,
wonder what itll hit?
A Dresden CSC? Wow! Sister lives in Fetscherstrasses used to be Mendelsohnallee – if I’m visiting will make sure I look in on these pubs during game time.
TB
for messrs duff and phelps
PFayr
Thought Thommo was very smart in his press conference today. We have no problem with Calumn, have a lot of respect for him…yada yada yada
che
Not Easterhouse by the way.
Still no contrition or remorse from Govan way.
Now we are getting rabble rousing of the worst kind
from those who deny the truth.
hamiltontim on 27 April, 2012 at 20:35 said
I knew that mate,
theyd have leathered you if it was easterhouse.
VP
Took a hit today but still plenty left for
Sunday.