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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

    Gordon64 on 28 April, 2012 at 02:20 said:

     

    No. You are not stupid. However, you are being somewhat obstinate for not trying to understand what I am trying to to tell you.

  4. BABASONICOS71 on

    GyEmerald,

     

     

    I like some of Luther’s stuff mhate.Just laughing at the name in relation to the nefarious ones. ;-)))

     

     

    Smokey and Mirrors Robinson F.C. ;-)))

     

     

    HH

  8. Gordon64 on

    MM

     

    Do not tell me anything.

     

    You made outrageous comments about me

     

    which i will never forgive or forget.

  11. Margaret McGill on

    Gordon64 on 28 April, 2012 at 02:31 said:

     

     

    sorry I can only remember 2 issues w/you

     

     

    1. Whether Bobby Murdoch was the best passer of the baw ever

     

    or

     

    2. Right wing fascist gangsters funding Somalian pirates via taxes

     

     

    maybe its the second one

  12. Torontony on

    EN – Buenas noches amigo, you seem in good form these nights; must be the good company of a cqn’r or two:) Are ye still charming the full figured ladies???

     

     

    WDH – how are ye my amigo? What’s new in Barca??? Dying to go back but probably not until next year…..drat!!!!!

     

    slainte

     

    tony

  13. petec on

    whitedoghunch on 28 April, 2012 at 02:37 said:

     

     

    What An amazing tribute to Neil.

     

     

    I hope All CQNers post what whitedoghunch has just done.

     

     

    18

     

     

    To post the exact same then put this in your reply box…..

     

     

     

    18

  14. aldo67 on

    Whoosh>yo! Paul67,hopefully sunday nights article

     

    Will be all good news.

     

    Yo!peeps,what gives?

     

    Been catching up with some great posts,strange the way

     

    This world works, a year ago I sent steve a birthday email and text.

     

    One year on and much has changed.

     

    The good work of many goes unrecognised.

     

    Slan

     

    Aldo

  15. dunkybhoy67 on

    hi everyone,

     

    looking forward to a hunskelping on sunday….maybe the last for a few yrs.

     

    hope all are well.

     

    would be a league clincher if we win if the cheats never had 10 point deduction.

     

    HAPPY DAYS!

  18. PJBhoynyc on

    Somalian Pirates funded by fascist gangsters?

     

    I thought they were fisherman forced into piracy because fascist gangsters & corporations had polluted their fishing grounds with toxic dumping into their coastal waters.

     

     

    Anyway off out for a beer…

     

     

    Happy Birthday Pablo.

  21. aldo67 on

    Damn fone messed up my post.

     

    Grr.

     

    Anyhoo,shine on you crazy diamond.

     

    RIP steve.

     

    See some of you tomorrow for another cqn’er sorely missed.

     

    Slan

     

    Aldo

  27. petec on

    The education centres say the results are going through the roof.

     

     

    The education centres are not even remotely interested in CHALLENGING our youths mentally.

     

     

    And there is sympathy for the devil, the scumbag that has done more than any other to undermine the family in all the Decades I have been privileged to live on the Lords earth, Murdoch is evil, the eyes of his son are Black and make no mistake Murdoch would sacrifice anyone at any stage.

     

     

    Marywhitehouse.csc

  30. whitedoghunch on

    Margaret McGill on 28 April, 2012 at 02:41 said:

     

     

    bobby was the best passer so his keeper and young bobby tell me

     

    Tony

     

    just booked somebody in Begur.Not over as oftem myself.

  35. petec on

    How amazing it is to have Google/Youtube with their late night mature dating adverts.

     

     

    I wonder if they have less scrupulous adverts through the day.

     

     

    Talk about jumpin up and saying boo as you are about to drop a number 2?

     

     

    BORG – Transhumanism- Posthumanism.

     

     

    Oh and the general idea that there is less need for skilled (human) workers. ;)

  36. Torontony on

    WDH – Heading to Santander next year to visit my old stompin grounds and then hopefully head to Barca…..should be a feast of food and wine; can’t go to Spain without visiting Amelia;)

     

    slainte

     

    tony

  38. petec on

    I would like to ask a wee favour of CQN.

     

     

    I’d like anyone who knows my email to forward it on to FFM or Bobby Murdoch so we can talk about Giants.

  40. petec on

    petec on 28 April, 2012 at 04:01 said:

     

     

    I would like to ask a wee favour of CQN.

     

     

    I’d like anyone who knows my email to forward it on to FFM AND Bobby Murdoch so we can talk about Giants.

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