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.
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Craig Whyte’s on Ch4 :)
OK, so this licensing meeting, the odd phone call on Clyde and OGRafferty’s secrets.
We know you can’t tell us, but at least tell us….. can we rest easy???
che
pmsl that was good.
Worse than Easterhouse, worse than Possil, worse than Kabul, worse than North Korea… but still no quite as bad as Calton.
Thought Mark Guidi and Graham Spears were good on last nights phone in.Great hearing every hun trying to clutch very,very short straws.
Enrico
Moisty and Jardine the face of Rankers.
Be fair. Moisty to fat, even for the widescreen and the cameras just stumbled into Sardine in the cupboard. There is nobody else there.
O.G.Rafferty on 27 April, 2012 at 20:29:
Interesting times indeed. Delahunt came back later, having I presume check it out. He said the domestic licence applications process ongoing. And he added that the European licence deadline was the 18th May and they were some way off it. The latter confused the hell out of me as I though they have missed the european deadline and come what May they are goosed for europe.
You throw any light?
Keep the Faith!
Hail Hail!
theglasgowcelticway on 27 April, 2012 at 20:23 said:
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?
—————————————————————————
Ha ha that was funny and scary at the same time.
The best bit was the guy screaming from the side of the park, “You’ll never be safe to walk the streets of Merrylee again!!!”
My reaction of pssin myself laughing probably didn’t help to defuse the situation!!
Must go.
Until Sunday and a handsome Celtic victory
What the administrators statement won’t say.
STATEMENT BEGINS
“Duff & Phelps welcome news of this latest bid.
We thought we had run out of permutations of bidder combinations but thanks to this latest … ahem …. bid, another £25,000 has made its way safely into our vault. Kerching
To quote Gleavon Little’s character in Blazing Saddles … Man you are so talented …. and they are so dumb !!!
The consortium of the SALE SHarks and the blue knIGHTS will henceforth be referred to as the FOR SALE SHIGHTS”
END STATEMENT
Hamiltontim:
Never entirely confident of us winning at ibrox. Even when we are really firing on all cylinders. But then no doubt the orcs feel the same coming to us. Their record isn’t great at Paradise since we got our act together ala post- wee Fergus. I’m normally quite cautious. But this time I really feel we will win…an absolute annihilation? Not sure. I’ll take a win, considering it the very last game against the “real” huns.
Celticbhoy
Hopefully I was there. I was the good looking, quiet guy in the tache:o)
Abuse doubtless heading my way in a minute!
some great live tunes by paddy
http://www.spreaker.com/show/the_paddy_ryan_show
hamiltontim
Who was it that said,”You’ll never be safe in Merrylee again?” Sandy Jardine.
DresdenCSC on 27 April, 2012 at 20:31
If I’m back in Dresden I will certainly visit those bars. Just off now to find your FB page.
Also remember a great wee club called Downtown followed by a kebab, the sort you would happily eat sober. Magic!
El Diego
:-))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))))
Lennybhoy
They have missed the euro deadline.
I heard that as well, they really don’t have a feckin clue.
Sunday.
What I would really like is us to win 5-2, the symmetry of our first and their last game being a 5-2 win to us would be beautiful.
Alternatively I’ll settle for a tainted 7-1 with every one of our goals reminiscent of Cadete’s disallowed equaliser in the NY game in 1997.
Lennybhoy
complete pash from them. By March 31 must have accounts signed off and oot of admin – nope on both accounts, stupid huns………
Paul67 You are almost right -except some of the HMRC debt (PAYE, NIC) automatically ranks ahead of even secured creditors. As do Duff and Phelps fees….
theglasgowcelticway on 27 April, 2012 at 20:46 said:
That will be the same Jardine who lost £60000 in bonuses, when Mr. Kidd won us the league.
Stupid Hun
ElDiegoBhoy on 27 April, 2012 at 20:45
said:
Celticbhoy
Hopefully I was there. I was the good looking, quiet guy in the tache:o)
——————-
Sorry l meant to add he kept me company and in awe of his music knowledge. Only time l saw him but still remember him fondly.. says it all…really nice guy.
You can mock Merylee all you want but I once got a severe kicking in Merylee.
Mind you I was pashed and deserved it.
And she was a big big girl!!
DJBEE
Sorry to have brought up such painful memories for you.
I think I nipped Merrylee in the Viva?
Tomorrow is Pablophanque’s Birthday, not today. Anyway, people like him are worth good memories no matter what is the day.
In the interests of transparency ……. Who are the other Blue Shoites.??
She was not that big.
WestwalesCelt
Will do.
hamiltontim
Holy Cross (in the old school)
Lived in EK at the time and that was our only option in those days.
Merrylee. Is that Bruce’s sister?
Summa must’ve been on GMT + 11…
The Friday nite footie quiz based on all things Celtic is about to start.
5 rounds including the picture board and we will of course finish off in style with “Hoops am I?”
Rules are simple.No googling and to score points in any round your first answer must appear before I post the answers.One point awarded for each correct answer but 2 points for the first person to answer any question correctly.
Only allowed to answer once for each round so make sure you read the question properly and answer all the questions as you can’t come back to any later.
Everybody welcome to join in.
Good Luck
Round 1 follows shortly
They just don’t get it do they. They complain about a transfer embargo and they haven’t even paid for previous transfers. Is it possible that UEFA or FIFA would impose one anyway. As other posters have said they have no shame and are definitely stupid dangerous huns
prestonpans bhoys on 27 April, 2012 at 20:53 said:
THAT’s what I’ve been saying for weeks………ta..!!!!!!!!!!!!
CSB
Can I go for a really quick smoke first??
I listened to the media conference given by Ally McCoist today. You can pick it up on the BBC website. I recommend you do so. Here’s the link:
http://www.bbc.co.uk/sport/0/scotland/17872914#asset
What struck me was that Al Lamont, the BBC’s reporter, who asks most of the questions on the clip, was frightened.
Scared.
Al Lamont is a good reporter. He works for one of the biggest media organisitions in the world. He asked McCoist some good questions. Al Lamont is generally pretty good at getting to the point with his questions.
Al Lamont was scared today.
In the interview McCoist effectively admitted that he and the senior management knew, and had known for some time, who the SFA Judiciary Panel members were. Of course they knew, Rangers own Andrew Dickson together with Rangers’ legal representatives attended the Tribunal, were introduced to the Panel, and spent some number of hours talking to them.
The senior management at Rangers knew, and have known for some time, which individuals made up the Tribunal.
When McCoist said in his rehearsed interview on Tuesday night, 24 hours after the penalties were announced:
“‘Who are these people? I want to know who these people are. I’m a Rangers supporter and the Rangers supporters and the Scottish public deserve to know who these people are”
McCoist knew who they were. He had known for quite some time. His purpose was to initiate a chain of reaction amongst ‘the lunatic fringe’ with whom he is long familiar, to create an environment of intimidation and fear.
He succeeded.
He succeeded to the extent that, in the same week that members of ‘the lunatic fringe’ were being sentenced for sending bombs in the post to high profile Celtic supporting Catholics of Irish descent, the identities of the three members of the Panel were ‘released’ and subsequently violently threatened. Children required Police security for the school run. Anti-terrorism specialists were brought in to advise the individuals subjected to threats.
McCoist, on the instructions of his betters inside the club and outside in the Daily Record, had succeeded in creating fear of Rangers. Or more accurately, fear of the consequences of punishing Rangers.
Who knew the identity of the Panel Members? Other than the individuals themselves, only the senoir management at the SFA and the senior management of Rangers.
Who leaked the names to the mob? Take you pick.
Al Lamont wanted to press McCoist on this point in today’s interview. He tried. He simply couldn’t cross the line between a story and a kicking or worse.
Al Lamont tried, which is more than you can say for most of his colleagues in the media, but McCoist had succeeded already. Lamont, braver than most of his colleagues, was frightened by the consequences of doing his job properly.
Job done Rangers, you ugly gang of Disgusting, Dangerous and soon to be Deceased Fools.
hamiltontim on 27 April, 2012 at 21:02 said:
CSB
Can I go for a really quick smoke first??
Yes no problem start at 9.07
I blame those private schools and hockey. Man she was vicious, just cause I nipped her pal and drank her kerryoot, and her pals kerryoot, still, I think I would feel reasonably safe nowadays walking about in the dark there. Dread to think what size she is now though her parents definitely needed a bigger house then.
Zbyszek on 27 April, 2012 at 20:58 said:
My bad there. I might have misread MWD’s post.
But your second sentence was absolutely correct.
HH