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. alex thomson ‏ @alextomo


    RFC fans have every right to protest peacefully with taxpayers paying for policing. Amazed people think otherwise. They’re taxpayers too.



    Tee hee

  2. prestonpans bhoys on

    Renewed my ST yesterday and paid for Miss Prestonpans today, dropped her a text “that’s £504 you owe me which includes £1 to charity” She replies “can I pay you monthly, what’s for tea?”!!



    Wean in their 20’s but bank of dad still open :(

  3. prestonpans bhoys on 27 April, 2012 at 18:40 said:


    Renewed my ST yesterday and paid for Miss Prestonpans today, dropped her a text “that’s £504 you owe me which includes £1 to charity” She replies “can I pay you monthly, what’s for tea?”!!




    She might ask for a CVA

  4. enmac, a bampot stands shoulder to shoulder with Neil Lennon on

    If the 2 bids on the table are final, then there should be no delay in d&p announcing which one they are going with. Bms bid has been on table for some time, and murrays bid will be similar to previous, with identical conditions.



    Is there a game coming up against us this weekend?



    Que d&p stating tonight, the will consider bids over weekend, and that tbks bid looks very promising, and hope to have rangers* out of administration.



    Incidentally, will the Huns ask the sfa to do a fit and proper test on Paul Murray? They know he was part of the previous board that carried out a decade of wrongly registered players.



    Yo ho ho and off we go, 54 to zero

  5. Is it too early to consider nominations for the Flag Raising party in August?



    If not, my suggestions would be, Neil Lennon, Fergus Mc.Cann and Brian Quinn for the on field celebrations.



    Gordon Strachan and John Reid to be official guests.



    Whenever one Celtic supporter does something good, like Raemon, we all bask in the reflective glory.



    Similarly, if one of us makes an a… of himself, like the Dida Slapper, it reflects badly on all of us.



    By that reasoning, I think that the collective support owe Fergus, Brian and Gordon a public apology and a belated bit of respect to “those days have gone”, John Reid, our Rottweiller.



    Neil already knows what we all think of him.

  6. Enrico Dandolo nicked my Crusade on

    notthebus on 27 April, 2012 at 18:34 said:


    starry plough on 27 April, 2012 at 18:36 said:



    I think Mr Whytes lawyers will be interested in that wee gem.:)




  7. If these are formal bids on the table then surely they are final bids and it’s nearly over?



    No more icecream for me. I’m on the (low fat) frozen yogurt.

  8. monteblanco on 27 April, 2012 at 18:45 said:


    Ally – “Ye canny incite folk if ye dont use the internet”



    You jest?! He said that?

  9. Just watched McCoist on the BBC news. He really is a reprehensible, scummy and vile reptile of a man.



    Out of the mouths of babes :-



    My 10 year old daughter sitting beside me watching the reporting of the bomb contents – “That’s inhuman!”

  10. Enrico Dandolo nicked my Crusade on 27 April, 2012 at 18:45 said:



    Closer to home you would have thought Strathclyde Police would take an interest but then again…

  11. sparklegirl



    He said he stands by what he said and doesn’t read the web sites, so can’t be accountable for faceless bampots or their reaction (paraphrasing but yes that was the jist)

  12. Snake Plissken:



    Can you hang a rattlesnake?



    Are snakes subject to strangulation?



    Very intriguIng questions, I’m sure you will agree.

  13. pedrocaravanachio67 on

    “tips for the weekend from william hill”



    rankers fans need not listen

  14. Neil canamalar Lennon hunskelper extrordinaire on

    Sonobody has asked, why he needed the names exposed

  15. Brief Statement on BBC news from D&P( ?) received two bids one from Miller and TBK is that why they bid because the knew Milller had made one?



    No real comment from D&P could there be game this weekend?

  16. I want them to die ASAP,but lookin at sleekit


    sally over the the last couple of weeks,


    he’s looking like Ebeneezer Scrooge .


    Here’s hoping ,NO redemption for the wee




    No offence to any tim rats oot there.

  17. canamalar



    Alistair Lamont asked but Ally swerved it and Lamont gave up. More depressing was the studio guys who kinda thought Ally was mibbe a wee bit stressed but he is, after all, under a bit of pressure so has to be excused his wee comment.

  18. pedrocaravanachio67 on

    Does anybody know any of these supporters that Daaayyelll is talking about, money wise, television wise or any other wise?



    No…. me neither.

  19. Okay explain this to me I’m a wee bit slow, how can a hun pundit on the radio claim that the vast majority od Celtic supporters would want Orcco to survive??



    It’s beyond this simple Tim way beyond me!

  20. So when the Blue Knights and Kennedy’s bid goes south do they become the Dead Kennedys? Holidays in Cambodia anyone? When they wrote that no one went on holiday to Cambodia. Comedy does require timing right enough.

  21. What a missed opportunity again! Sally “I have to be completely honest about all things” ok journalist ask him. Did you have two contracts or any players under your assistant manager tenure?



    Wait a minute, no don’t ask the hard question he would only in all honesty reply honestly.

  22. Enrico Dandolo nicked my Crusade on

    voguepunter on 27 April, 2012 at 18:59 said:



    With any luck this will drag on through next season and they will have blamed, bullied and threatened everyone in Scotland, until they are knee deep in all the excrement that they are producing. can’t be easy to play football in those conditions. :)


    They are turning themselves into lepers. Umm…, hold on a minute… :)




  23. There seems to be a collective blindspot for the more felonious aspects of Super Sneaky’s behaviour in this little nation of ours.



    Sneaks Immediate reaction to yesterdays threats: SFA need to speed up the appeal process as a matter of “urgency”.



    Sneaks reaction today to the aftermath of his irresponsible behaviour: no regrets whatsoever- even “glad” Mr Drysdale was forced to justify his position.



    Pure unadulterated class. Or should that be “clash”. They just don’t do repentance. Contrition. Shame. Modesty. Embarrassment. Irony. Guilt…they just don’t do morality full stop.

  24. Jobo Baldie on 27 April, 2012 at 19:01 said:


    Good evening friends and a Big Happy Friday evening to one and all!




    Never mind that ,whit aboot the weather


    this morn.


    Had to put my Hawaii shirt oan under


    ma duffel coat,cause of no update from you.

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