Stop press: charade continues


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. Can I just check my maths.



    Sunday, if we disregard the 10 pt deduction, we win the league against them on Sunday. (If we win on Sunday, of course).



    It’s STILL working out just like none of us would have ever dared to dream.

  2. On 28 May 1888, Celtic played their first official match against R*****s and won 5–2 .


    On Sunday I think it would be a nice ‘book end’ to repeat that scoreline in the last ever game between Celtic and the FoD . ( of course we will probably have to score two late own goals for that to happen)



    Be careful out there.



    The Onlooker

  3. I’m enjoying this day…



    thebhoy72 ‏ @thebhoy72 Reply Retweet Favorite · Open


    Kennedy & BKs are like a couple of drunks window shopping in Amsterdam.Desperate for a hooker,but don’t have the funds to close the deal.



    Twitter titter

  4. bournesouprecipe on 27 April, 2012 at 16:51 said:


    On the subway at Bridge St and there is a Cowboy in full outfit.





    Round in circles. Ever decreasing circles like this whole sorry saga :D :D



    Can I just say how much I love spring 2012????

  5. Glendalystonsils likes a mr whippy with his lime green jelly on

    The sudden realisation that all is lost will probably not hit the deluded ones until the last seconds before death. For some reason it reminds me of a scene in the film Hombre, starring Paul Newman. A group of Mexican bandidos are trying to remember where they have met PN before. “Delgado’s” says PN (a cantina where he had a run in with them). Then, as the memory suddenly comes back to them and they go for their guns, PN shoots all of them exactly in the middle of the forehead.


    Unlike fat Sal, I’m not encouraging violence , I just find it an amusing comparison.

  6. johann



    The ole Greggs sausage roll amours to 21 sins according to my slimming world guide iPhone app.






    Him that was dressed as a Cowboy eloped at Cessnock, must have needed air before he mounted the marble staircase.

  7. wooft anyone see alex thomsons latest tweet!? in reply to someone asking about the antics of rfc and their media lackeys this week



    alex thomson ‏ @alextomo Reply Retweeted Favorite · Open


    @Conlon5 like Alabama in 1960. Few dare question. And they don’t like outsiders. Lynchmob tactics defended at every turn.



    i’m not sure he’s being serious

  8. just lifted this of kds,






    Sent: Sunday, April 22, 2012 04:50 PM


    To: Neil Doncaster


    Subject: Hearts, Rangers



    Back in January 27th Hearts were late in paying players; you were interviewed on BBC Sportsound and said the following



    “If p.a.y.e. is not payed then clearly any club in that position is gaining a competitive advantage over every other club”



    Why haven’t you commented or intervened in the case of Rangers?



    The Hearts case was trivial in comparison.



    Can I just add that I am absolutely disgusted if the reports in today’s Express are true, that the SPL is willing to ‘cut a deal’ with Bill Miller, that would see minimal penalties applied to Rangers as the phoenix back into the top flight, as if nothing had ever happened.



    This is the biggest sporting scandal in the history of British sport.



    Best Regards.






    Thanks for your email.



    Please be assured that no deal has been done with anyone, despite misleading reports to the contrary.



    Any club failing to pay its players or the taxman on time is getting an unfair sporting advantage over the other clubs – hence why we are seeking to make these disciplinary issues on 30 April.



    The investigation into Rangers’ EBT is ongoing.



    Kind regards



    Scottish Premier League

  9. malceye on 27 April, 2012 at 17:06 said:



    Totally, all of their great and good are posturing as they know the whole shebang is going down

  10. bournesouprecipe on 27 April, 2012 at 16:59 said:



    That’s widely quoted, but I don’t think he ever said it.



    I would be happy to be proved wrong.

  11. obonfanti1888 on 27 April, 2012 at 17:20 said:



    I watched Mississippi Burning again the other night, it’s not a huge leap of my imagination if you think what it is the forces of darkness think they are trying to protect.



    It this story’s repercussions go as far as I imagine they will, I can imagine exactly why they don’t want outsiders poking around..



    Follow the money!



    Brad Dourif a stick on for the role of the Pieman…




  12. traditionalist88 on

    Really want wee wullie redface to give the bears a live performance at the gates of hampden tomorrow, he must have some more moves by now other than the old shoulder shuffle




  13. The Token Tim on 27 April, 2012 at 17:06 said:


    RT @ 1700hrs,



    I have never wanted to beat them more!



    They are going down and are lashing out at everything and everyone…….even wee cheeky chappie’s mask has slipped and we can all see the horrible, twisted gnarled true features that have lurked beneath the facade for all too long (except for the odd few times playing and on the sidelines V a certain team in Green-and-White!).



    To anihilate them on Sunday would give me soooo much pleasure.


    Rubbing salt into their almost innumerable open sores just now and seeing the agony on their putrid faces will give me such a warm glow.



    the sooner they are put down like the rabid dog they are the better!








    I agree Token. Put out our strongest team and give them a doing. Even better if the opportunity arises beat them by a record score. What a way to say bye, bye to them.



    To the guys on hear who say they are not bothered about the score on Sunday, does the game mean anything to me? You bet it does. It could be a historic result if things go our way.




  14. geebee1978 on 27 April, 2012 at 17:11 said:


    ”Someone on SSN putting the rumour out there that Rangers will be liquidized and a NewCo could replace Portsmouth in the English set-up.



    This was mentioned a few years ago regarding Celtic. How feasible is this?”




    You need dispensation from UEFA to play in a league outwith your national association’s jurisdiction.






    Yeah they’ll give the huns dispensation, no problem.



    Why wouldn’t they?

  15. Over to Oliver Holt Daily Mirror and Stockport fan….but no Brian Kennedy fan….



    “Undone by people like Brian Kennedy, the owner of Sale Sharks rugby club, who bought Stockport and then paid County’s debts when he cut the club free but stripped it of its prime asset, Edgeley Park.


    And finally, let down by the Supporters’ Trust that Kennedy handed over to, which, struggling with the conditions he imposed, ran up massive debts.”

  16. brucecassavetes on

    Delahunt on Radio Clyde:



    Eric Drysdale identified himself as a member of the 3 man panel.



    You sure about that, Jim?

  17. What worries me about them conniving huns is this……..


    I think SDM Whyte Ellis and this Withey cratur are in this together,aye and maybe Duff and Duffer too. Succulent Dave must have realised a good while back that the excrement was gonna hit the fan(s) and they’ve concocted a cunning plan to try and save something, their club if possible but failing that Ipox. In my opinion even if they’re liquidated but CW still owns Ipox they will rally round their ‘big hoose’ even 2 or 3 years down the line and be back with a bitter vengeance, so i want Ipox gone. I await a better informed poster to ease my worried mind.


    As for sunday let’s screw down the lid of their coffin and send them off to a paupers grave.



  18. bournesouprecipe



    Paddy McCourt Sunday 29/04/12






    Your lips to God’s ears, Mr Recipe. 3-4-1-2 would do me with Paddy and Joe in the middle, or the bearded genius in front of the midfield, slaying Orcs like they were going ut of fashion (which they are – hee hee!).

  19. northshorebhoy on

    Jim White on SSN;


    ‘Is this the bid that will save Rangers*?’



    No it is not, Jim. And you fecking well know it. Paul Murray stuttering with his answers.



    * Dying as we speak

  20. brucecassavetes on 27 April, 2012 at 17:34 said:


    Delahunt on Radio Clyde:



    Eric Drysdale identified himself as a member of the 3 man panel.



    You sure about that, Jim?




    And so the rewriting of history begins.



    Operation Protect Ally revving up.

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