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Stop press: charade continues

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By on CQN BLOG & Comments

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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  1. GyEmerald on

    Art of War on 27 April, 2012 at 23:53 said:

     

    Unfortunately got to match the hammer throwers to win the battle first, start with Big Fraser

     

    Lustig, Rogne,Loovens Muldini

     

    Broonie(capt)Wanyama,Paddy,Ledley

     

    Sammi Hoops

     

    Would rather have big Dan than Glenn & Beram in the middle of the park and izzy @ left back.

  2. montreal_bhoy on

    Happy Birthday Steve.

     

    Sadly not with us now, but missed and fondly remembered.

     

     

    I remember an early Saturday morning the choice of music was all over the place, Steve LOL’d, (then dug me up) when I told him “even fat burds need lovin” after listening to an Alison Moyet tune…..I know I know not PC…Still it was one of the few times I got to say hello to a CQN legend…

     

     

    Goodnight & God bless

  3. Saint Stivs on

    SHADY,

     

     

    I personally never met Steve Pablo.

     

    but in the days when I was a lurker, not a poster there were some incredibly engaging interesting posters.

     

     

    Pablophanque, Noel 90 , and Oglach (sorry original name escapes me in my drunken state tonight) !

     

     

    For me, friday nights were music nights.

     

    Most of it was brilliant, some of it was dire

     

     

    Pablo had his own unique way of persuading thay the rest of the osters didnt know music at all.

     

     

    This is my own melancholy tribute to all those who went before.

     

     

    the bright blue roses.

     

     

    http://www.youtube.com/watch?v=SP_DfhCdSso

  4. Saint Stivs on

    and for thems who know him

     

     

    UNCLE DUNKY CAMPBELL

     

     

    was 64 today.

     

     

    love to him and VHMAN out in Lanzarote.

     

     

    bold fenian men they are,

  5. shady on

    BABASONICOS71

     

     

    Maybe you should spend a bit less time entertaining us with your music links ;)

     

     

    Hope you can get something sorted, thankfully it’s been a long time since I’ve been dealing with that kind of pain and hassle.

     

     

    S

  12. Art of War on

    GyEmerald on 28 April, 2012 at 00:00 said:

     

    ——————

     

    Sorry mate but you have Glenda and Paddy in a battle. Won’t do. IMO

     

    Lustig is worth a chance but if fit, Matthews for me!

     

     

    HH

  15. Saint Stivs on

    montreal_bhoy on 28 April, 2012 at 00:00 said:

     

     

    is it not the Saint Stephens motto on the badge ?

     

     

    “amore ta tuttie le grande mammosi”

     

     

     

    even fat burds need lovin”

  21. miki67 on

    FourGreenFields on 28 April, 2012 at 00:02 said:

     

    >>>

     

    Jeezo….enough to make ye weep. HH.

  22. Art of War on

    BABASONICOS71 on 28 April, 2012 at 00:06 said:

     

    ——————-

     

    I’m on my 3rd month of disharmony and it’s hell i tell!

     

     

    Thx for the sounds!

     

     

    HH

  24. Saint Stivs on

    FourGreenFields on 28 April, 2012 at 00:02 said:

     

    Saint Stics

     

     

    thats the one i thougth i linked to ! doh.

     

     

    anyways you join the misnamed club.

     

     

    saint stives, stained stives, saint stills, saint stibd,

     

     

    saint stics is a new yin

     

     

    a wee fave

     

     

    the wakes and our cinderella story.

     

    broomielaw, greenock and port glasgow.

     

    and now our educated diaspora overtakes them as Scotlands heartbeat.

     

     

    http://www.youtube.com/watch?v=l_-u_cmEWqU

  25. Kilbowie Kelt on

    Gordon64 on 27 April, 2012 at 23:46 said:

     

     

    HT

     

    Sorry pal us proddies don’t know any good hymms……..

     

    ____________________

     

    Not so sure about that, Gordon.

     

    I have had many’s a good blast at The Lord’s My Shepherd.

     

    Very emotional stuff,..drunk or sober.

     

    No matter.

     

    Tonight is for remembering Pablo.

     

     

    May he rest in peace.

  26. bjmac on

    Shady – a wee funny, loosely related to Pablo. – apologies to those whom I’ve previously bored with this;

     

     

    bjmac – WE ARE CELTIC, NOT O.F. on 13 May, 2011 at 16:24 said:

     

     

    One other thing about this morning, I’m not very good at these things. When I arrived nice and early, I went straight in and got a seat in the Crematorium – it was full. There was an old song, My Happiness by Connie Francis playing. I thought it an unusual choice, but hey Pablo’s eclectic musical taste is legnedary (sp?). The coffin was brought in to this lovely old song – I did realise that something wasn’t right – they were starting half an hour early. But what is the protocol when you realise you’re in the wrong funeral? I chose to stay put!

     

    So RIP Margaret Campbell, you got a lovely send-off and I got 2 for 1 this morning, I was too embarrassed to tell anyone earlier.

     

     

    RIP Pablo – I’m sure you were smiling when I was singing Amazing Grace…..that saved a wretch like me, I once was lost, but now I’m found….

     

     

     

    Connie Francis

     

    http://www.youtube.com/watch?v=_9Mc2aJ8vwg&feature=youtube_gdata_player

  29. GyEmerald on

    Art of War on 28 April, 2012 at 00:04 said:

     

    Would agree with re Glenn, would prefer Muldini @ c half and Izzy left back but cant see Izzy being risked yet.

     

    Disagree with Paddy, thought he looked very comfortable when he came on last Sunday in the middle, and thought he was outstanding there last seaon in 2=2 cup draw, could he be the man to sort elbows out again : ) ??

  30. montreal_bhoy on

    Stivs…..lol…aye

     

     

    Hope yer well mate

     

     

    I’ll be in the O’l Port come June. Hibs hall, wedding, maybe catch a beer and chat a little of our league win and their demise….

     

     

    Made a deal with ma self, if we get into the champs league I’ll go to the away games if Direct flight from Mtl…Madrid, Barca, Manchester London…etc

     

     

     

    HH

  34. Saint Stivs on

    montreal_bhoy on 28 April, 2012 at 00:11 said:

     

    Stivs…..lol…aye

     

     

    Hope yer well mate

     

     

    I’ll be in the O’l Port come June. Hibs hall, wedding, maybe catch a beer and chat a little of our league win and their demise….

     

     

    ———————————————————

     

     

    email me with dates so i can make sure and be around that would be good,

     

     

    get trisha as well.

     

     

    keep it lit.

     

     

    thsi bhoy is from BAR-D , does us proud so he does.

     

     

     

    http://www.youtube.com/watch?v=Rs6rQifAEbU

  35. Gordon64 on

    If we believe in world of fairness and justice

     

    what do we tell our kids of what is happening in

     

    Scottish football ?

     

    Unless there is a proper outcome there will be a

     

    disallussionment that will effectively kill the game.

  36. jc2 on

    Tin hat

     

     

    I said on here a couple of weeks ago I had tkts for every game til end of the season apart from Tannadice for me and my youngest.

     

     

    I also said I would go along with any protest but biggest focal point would be Sun the day before SPL clubs vote on letting zombie fc straight back into SPL.

     

     

    We Should have bhoycotted ?? game on Sunday.

     

    (sorry guys travelling from 4 corners of the world)

     

     

    Sky/sfa/spl even Celtic

     

    this is what we think of newco Govan 2013 …

     

     

    PS I hated missing game against Killie in Fergus era 1-0 Collins i think or was it the fox but knew it was for the best,

  40. petec on

    Good Evening CQN,

     

     

    Jobo Baldie on 27 April, 2012 at 23:09

     

     

    That is a fantastic youtube link. Thank You for sharing.

     

     

    I’m looking forward to Sunday and Celtic shutting this lot up on the park.

     

     

    Victor will be the main man Sunday and hopefully we get a few youngsters some game time in a comfortable victory.

     

     

    Murray (what is it with this name) will either act professionally or be there to cheat Celtic (again) depending on what really happened at the SFA hearing.

     

     

    The horribles, now that they are being exposed all over, are acting exactly like they really are when it comes to fairness and equality for all, quite frankly their behaviour is embarressing and it is there for all to see.

     

     

    Send them into oblivion Celtic with such a hiding they will never want to play us again. :))

  41. Art of War on

    GyEmerald on 28 April, 2012 at 00:11 said:

     

    ————-

     

    I thought Paddy was immense last game for someone who sees a glimpse of daylight now and then. Izzy will be itchin to play but as you say the manager might cotton wool him.

     

     

    I firmly believe that games against the Orcs are won in mid. Everything else flows from there. I will be just as interested in the bench on Sunday. Watt first sub if not going right!

     

    HH

  42. whitedoghunch on

    St Stivs

     

     

    count yourself lucky in the early days of this blog I was stuck with Pablo and Noel for a pint

     

    I am lucky to call them both friends.

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