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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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  2. Margaret McGill on

    BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS on 28 April, 2012 at 01:19 said:

     

     

    Thanks!

     

    Been feeling kinda glum all day. That did make me laugh out loud!

  3. tarrant on

    petec – I fkng hope so! They should watch this at about 12.00 before their team talk, which is something from – “that could be you… history…remembered for ever…the world will know your name…never have to buy a drink again…bury these bastards because they hate you and us…BE THE LAST CELTIC PLAYER TO SCORE AGAINST THEM”

     

     

    Every Celtic Goal vs Rangers 1997-2011

  4. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    Margaret McGill 0122

     

     

    I’ll put that on my CV-cheers.

     

     

    Off to pretend I’m busy for a few hours.

  5. petec on

    BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS

     

     

    HH Bobby got some controversial links for later when I leave the scene. ;))

     

     

    Scientific stuff and the usual 1/2/3/4+ hours of listening hehe

     

     

    Thanks for your words of encouragement last week, you will never know how much they mean’t to me.

     

     

    Hail Hail m8

  9. petec on

    tarrant on 28 April, 2012 at 01:24

     

     

    Still watching but what is obvious is the pure Quality of all the Celtic goals. They are top drawer in any League.

     

     

    Loving this video m8, Thank You for sharing.

  13. danso_1888 on

    have been thinking what if all this deliberate ratcheting up of tension just before

     

    sundays match is whats wanted?i could be way out here but if there is any serious trouble tomorrow could the game be cancelled on sunday and behind the scenes serious political pressure put on hmrc to come to an arrangement so as not to kill them as there could be serious consequences if they are to be no more,normally

     

    days before the glasgow derby we here of police visiting both clubs so as to warn

     

    them of their responsibility to keep things as calm as possible, but here we are

     

    fatso causing the neandethals to threaten judical panel members, jardine threatening other clubs of taking them down and all this talk from both of fighting

     

    back against those who are putting the boot in, i might be straying into paranoid

     

    territory here but this might just be there way of showing authority dont mess

     

    with rangers.

  16. Margaret McGill on

    Gordon64 on 28 April, 2012 at 01:38 said: not since 2009

     

    except 8 times when I have been back in Scotland visiting. I try to fund the Celtic cause in other ways. Why?

  19. petec on

    I think Chris enjoyed scoring the most for Celtic. Sutton is my kind of man.

     

     

    Amazing youtube link tarrant m8. Thanks for posting.

  23. "THERE IS ONLY ONE TEAM IN GLASGOW" aka "@67MOULDY67" on

    Hail Hail

     

     

    Put in order of what is still to happen……..

     

     

    Celtic league champions 2011 / 2012 …….tick

     

     

    Neil Lennon Manager of the year

     

     

    Charlie Mulgrew Player of the year

     

     

    James Forrest Young Player of the year

     

     

    @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@

     

     

    Winning the lottery………. Next week…….. Delighted with above

     

     

    @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@

     

     

    SFA provide a ban on transfers for dignity fc for one year ………tick

     

     

    NO European licence for 2012 / 2013 season For dignity fc

     

     

    Fat Sally to receive SFA sanction after bringing game into disrepute

     

     

    @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@

     

     

    Glass bowl getting a bit fuzzy now…………..cannot get the order right……….

     

     

    L I Q U I D A T I O N

     

     

    Ground sharing with Benburb…….then……..

     

     

    World ban from soccer (SFA UEFA FIFA)

     

     

    700 plus games over turned 3 0 due to gross cheating

     

     

    Titles and cups stripped

     

     

    Big Tax case final outcome

     

     

    The full story comes out about the days when succulent bamb was in charge of dignity fc…….

     

     

     

    @@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@@

     

     

     

    Glass bowl is tired now…….

  27. 'crushed nuts?' 'Naw, Layringitis!' on

    This just in:

     

     

    1 May 2012

     

    Ally McCoist Interview

     

     

    Tell me Mr McCoist, what was your previous occupation?

     

    Ally: fooball manager at ranjurz

     

    What qualifications do you require for that job?

     

    Ally: brown brogues, grey slacks, blazer, dodgy combover, beer gut, a cheeky grin, a close relationship with alky sports’ writers and Walter Smith’s phone number.

     

    Why did you los

  30. Margaret McGill on

    Gordon64 on 28 April, 2012 at 02:01 said:

     

     

    Its a question. What are you on about?

     

    Why do I decry Celtic supporters?

     

    Explain yourself young man…..

  31. Gordon64 on

    MM

     

    I am a ST holder of many a year

     

    and your previous comments towards me

     

    are not repeatable on the blog,

  33. PJBhoynyc on

    GyEmerald on 28 April, 2012 at 01:49 said:

     

     

    Indeed it was! A long time ago…..

     

    Thanks for the kudos.

     

    Very Talented Lady is Ms Scott.

  34. BABASONICOS71 on

    Haha,vandross.That could be Newco’s name.It will be their mode of transport to games and how their team will be. ;-)

  35. Margaret McGill on

    Ah Season Tickets. I have not participated in season tickets for Celtic since Willo Flood. Either for myself or relatives. This is due to principle that I doubt the vision of the Celtic bored since then. I was convinced in Jan 2009 that the Celtic bored vision was “What are the huns daein?”. Similarly my antipathy for Celtic supporters who insist in funding huns at SPL away games. All SPL derivatives are Celtic parasites in my opinion and Celtic should not fund them in any way. All SFA derivatives are Celtic parasites also as should now be evident to one and all in Scotland. So to answer your initial question ..No I dont decry Celtic supporters at all. I love them. I do however, despair at their stupidity sometimes. So, retrospectively I have turned to funding Celtic via shares, charities and other functional methods.

     

    I hope this explanation helps.

  41. petec on

    Gordon64 on 28 April, 2012 at 01:38 said:

     

     

    MM

     

    Do you go to see Celtic ?

     

     

    ———————————–

     

     

    I think it is obvious MM is not able to visit as often as she would like.

     

     

    When things are going well, questions should always be asked anyways.

     

     

    If people don’t acknowledge that then they are in danger of becoming herded sheep.

     

     

    ernie goes against the tide constantly and all he is doing is warning about events that have happened in the past. I have said many times…. There is nothing new under the sun.

     

     

     

    The money men control all political parties so they can sway the middle grounds minds at will. It is political mind control courtesy of the tv of many channels with so much STUPID choice at its centre.

  42. GyEmerald on

    BABASONICOS71 on 28 April, 2012 at 02:11

     

    At least Luther had dignity and was popular with the ladies : ), they would have been Alexander O’Neal ( a cheap imitation ) H H

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