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. ….PFayr on 27 April, 2012 at 19:10 said:



    ”How are they managing to keep the doors open or are they adopting the hun way re creditors”



    They can’t though, can they, without assuming personal liability?

  2. Bobby Evans Superstar on

    Will Ally McCoist be the first person to be a captain on Question of Sport twice?



    Must canvas for Phil Tufnell to keep his job.

  3. Hector-MurdochauldandHay on 27 April, 2012 at 17:45 said:


    Visit the Thai Tims FB page looks like there having a wonderfull time





    Oh dear The Thai Tims wearing pictured wearing Tri colour scafs!! some Celtic fans will be disappointed :-)

  4. Enrico Dandolo nicked my Crusade on

    wonkyradar on 27 April, 2012 at 19:15 said:



    The Greeks have a saying: You can dress a shepherd in fine clothes, but he will still smell of goat. :)




  5. Ernie



    I was being flippant , missed out the smiley face .



    Seriously tho ‘ how are they affording the bills

  6. Summa of Sammi…. on 27 April, 2012 at 19:04 said:




    Our Dear Friend Pablophanque would have been 50 Today..



    Happy Birthday Steve..








    Happy Birthday Pablophanque

  7. What was all that about? Had drifted off until it was too late.



    this is the same meeting OGRafferty is talking about, isn’t it?

  8. Jeezo



    On SSB, Win a Celtic strip if ye can answer when Celtic lost the Euro cup!



    Take it tomorrow’s question to win a Hun rag will be ‘Who scored Rangers goal when they got pumped 7-1?’

  9. pedrocaravanachio67 on

    competotions on ssb



    what year did rankers win the cup winners cup?



    what year were Celtic beaten, repeat beaten in the european cup?




  10. Stupid Duped Hun on the radio.



    I feel sorry for them.



    First the don’t understand what ‘Impartial’ means and now they can’t phathom out ‘Conditional’.



    But when they can come up with a protest banner stating ‘Parity of Esteem for Rangers Fans’ then it’s understandable how the deluded foolish Huns have a serious misunderstanding of their Queens language.






  11. Lennon n Mc....Mjallby on

    Well I told you once


    And I told you twice


    But you never listen


    To my advice,


    Don’t try very hard


    To please me,


    With what you know


    It should be easy



    This could be the last time,


    This could be the last time,


    Maybe the last time,


    I don’t know.






  12. ibleedgreenandwhite1 on

    bournesouprecipe on 27 April, 2012 at 19:18 said:


    Voguepunter ( right of centre )



    I always imagined that Vogue looked like that






    Hail hail

  13. Dazzle: that Mark Voltage is sparking sumfin aff so he hiz…he’s goat electric teeth…but as a said before a even thunk it: ra kids need tae be weaned aff the dummy tits before yae kin catapult them intae ra big boyz jungle…



    The masonic confucius.

  14. If it’s not too much trouble could someone please put up the link to the new Celtic strips, haven’t had the chance to see them yet. Thanks.

  15. Hector-MurdochauldandHay on 27 April, 2012 at 19:31 said:





    Thought Id try and give the Thai Tims FB page a boost



    I dont think the visit is getting the publicity its due




    More power to you Mo Chara, i agree not enough coverage of their visit to Scotland in the national press.

  16. The Ghood will prevail on

    caller on snyde just asked a VERY important question. Surprisingly, our esteemed media men didn’t have a clue.


    The question is how is the licensing process for RFC(IA) going for next season? Even if they somehow managed to hobble on for a few more months, surely they can’t satisfy the licensing requirements, and surely no newco can do either?

  17. ibleedgreenandwhite1 on 27 April, 2012



    Shaved the tache off when Freddy Mercury



  18. Stringer Bell on

    The Ghood will prevail on 27 April, 2012 at 19:15 said:



    Forgot about brown mcmaster. He spoke faster than the Bolt can run.



    Protestant speech ethic maybe?

  19. The No.13 Shorts on

    Oglach: you just wouldn’t let it lie, would you. But let’s not go back to that old chestnut again. Tacky is tacky all day long, though I’ll admit one man’s tacky is another man’s trackie.

  20. thebhoyfromoz on

    Looking for a bit of advice about where to park on Sunday. Normally park near the Dalmarnock Bridge on the Rutherglen side of the river and walk up Springfield road to get to the ground. Wont be doing that on Sunday though as it will mean walking among the knuckle draggers.


    So I am looking for somewhere to park where i will be among fellow tims, preferably south of London Road.


    Any suggestions would be appreciated.




  21. pedrocaravanachio67 on

    Good God, did i hear right there?



    kid on Celtic fan saying, if i had the money i’d give it to rankers.




  22. Does anybody else cringe when a caller on one of these radio shows call themselves a Celtic fan even before they speak?



    Are these people at the wind up?



    How come I never meet any of these Celtic fans?



    Keevins: we will not hear the end of these SFA sanctions because the admin guys have appeal it…fur feck sake: duff & duffer appeal EVERY decision made by an independent panel!

  23. ibleedgreenandwhite1 on

    voguepunter on 27 April, 2012 at 19:35 said:


    ibleedgreenandwhite1 on 27 April, 2012



    Shaved the tache off when Freddy Mercury





    RIP Freddie!!



    RIP Voguepunters Tache!!



    Hail hail

  24. thebhoyfromoz –



    if you don’t mind a 15-20 minute walk then you could try somewhere near Shawfield; there’s an industrial area just across the road.



    And on the subject of travelling to the game I discovered only 4 hours ago that the new road leading from the Shawfile darea right up to The Park and the new Velodrome is now fully open. Looks fantastic!

  25. hamiltontim –



    do you not have google? What next, a link to the Kano Predictor? ;-)

  26. thebhoyfromoz on 27 April, 2012 at 19:35



    Have a parking space bottom of Nuneaton


    st ,padlocked ,so need a mobie number.


    Get my e-mail of Paul if required.

  27. And Happy Birthday Steve from me.



    Still retain a lovely e.mail from Steve when I lost my mother back in 2009. Won’t delete it.



    Steve and Noel90 were the first two CQNers I met when we had a night in the Beer Cafe in the Merchant City all those years ago.



    Steve also looked after Zbyszek and his mates when they came over to watch a CL game v Barca.



    God Bless you Steve (Pablophanque).