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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ht
http://www.whoateallthepies.tv/wp-content/uploads/2012/04/13392525.jpg
thebhoyfromoz
There are a couple of roads running off Nuneaton Street you could try – Arrol Road / Boden Street. Check it out on Google Maps. Should be OK to leave your car there. You might need to get there early to get a space.
BTW Jobo/HT,
Do you realise the Predictor has been updated…….again!!
Yep I know, they really are on the ball those bhoys…
;-))
HAIL! HAIL!
Token
pedrocaravanachio67 on 27 April, 2012 at 19:40 said:
Good God, did i hear right there?
kid on Celtic fan saying, if i had the money i’d give it to rankers.
FUD.
….
Just enough for the busfare to Harthill mind.
Poor poor sally is only trying to keep the club that he loves dying according to Snyde.
thats right they are deed deed deed deed
Poor Sad Sally the new Eva Peron
Alan Thompson at todays press conference was asked who are the key players for Celtic on Sunday.
His reply….
“The starting eleven and the subs that come on.”
Boom Boom
poor wee whispering sally… boo hoo.
he’s not had to put up with a fraction of what Neil’s put up with.
total richard cranium dayyelll.
TTT
The Predictor sheet looked better before it was updated.
BES,
Hmmm Id say that was correct for a certain someone…..but cant think who that would be though.
Can you??
;-)
HAIL! HAIL!
Token
ItsTightAtTheTop CSC
Thanks for the link bhoys, don’t like the black socks!!
Is it too much to ask for a link to the ‘tricolour’ strip which seemed to cause so much controversy????
Jobo
Give me time tis early yet :-))
O.G.Rafferty on 27 April, 2012 at 19:34:
Are you listening to Clyde? The caller that referred to their licence application and a named person (name escapes me) and e-mails he could send to delahunt about difficulties they (rfc (ia) are dealing/facing in securing their domestic licence for next season. Is this connected to the meeting you alluded to earlier in the week.
Keep the Faith!
Hail Hail!
Ray Singh-Carr on 27 April, 2012 at 19:13 said:
I presume you are prepared to meet the condition re a non-returnable deposit ?
Dazzle: yuv goat tae feel Ally…even if yae get lost in the labyrinth of blubber…ally is just a doe eyed new born bundle of innocence so he needs tae be given time so he huz…itz no fair that he huz been forced tae use threatening language…he huz been hung oot tae dry like a smoked kipper so he huz…but Ally huz goat tae jist keep hiz many chins up…itz aw yae can do in ra face of archery…
They still seem to think Celtic fans will stop attending games in numbers if rangers go bust.
Don’t they realise that for at LEAST the whole of the first hun-free season, every matchday will be a party?
Conditional bids that can’t be accepted.
“We can confirm this afternoon that we are
in receipt of two formal bids for control of
Rangers Football Club. Both bids at this
stage remain conditional.
“We are in receipt of a bid from Bill Miller
whose bid is conditional on securing greater
comfort and clarity from the football
authorities in relation to sanctions against
Rangers. Clearly, the events of last Monday
night when the SFA’s judicial panel imposed
severe and, in our view, unwarranted
penalties on the Club had a destabilising
effect on the sale process.
“However, since then, Mr Miller’s bid team
have worked to develop a structure which
enables the wishes of creditors to be taken
into account whilst ensuring that the Club is
taken forward well-capitalised and the
requirements of the footballing authorities
are met. Mr Miller hopes a solution to all
regulatory issues can be found and his team
has been in constructive discussions with all
relevant parties this week.
“This afternoon Brian Kennedy and Paul
Murray submitted a bid which is conditional
on a CVA being approved by creditors and
we will seek guidance from prominent
creditors. It is also conditional on the
acquisition of the shares of Craig Whyte in
the football club and we have asked for this
and other points in the bid to be clarified.
“We note the statement today issued by
Ticketus and its withdrawal as a potential
partner for the Blue Knights.
“What should be clarified is that neither bid
involves liquidation of the football club. In
terms of quantum, there are significant
differences between the two offers in terms
of a prospective return to creditors and
approach to future funding and these have to
be evaluated. We will provide a further
update as soon as possible.”
RalphWaldoEllison /pedrocaravanachio67
I tried to give money to Rangers* too, but they would give me change from my 10 Shilling note
Nobody could question Radio Clyde Super Scoreboard.
First,.. for a new club strip….
In what year did Rangers WIN a European Final ?
Simple, Eh ?
Now, just to prove our impartiality….
In what year did Celtic LOSE a European Final ?
I think I understand the subliminal subtlety.
AM NO THIK , Ye No.
Jobo, Bobby Evens and Voguepunter,
Thanks for the advice on parking, will leave early and and try get a space in the industrial estate.
HH
thebhoyfromoz on 27 April, 2012 at 19:35:
There are a few streets right behind London Rd police station, (including Fordneuk Street, if I recall its name) where there are plenty, plenty of parking spaces available.
On a rangers game, I would try to be there 1 hour at least before kick off to be assured of getting one.
The real benefit of this (Shh don’t tell anyone), is that if you are heading south side after the game, you can get onto London road heading townward, and it is deserted as the police operate the lights at Fielden street, and let traffic flow north to south for about 90% of the time. So no queue to get away, and you’ll be southside (via barras/ glasgow green/ high court/ gorbals/ govanhill).
I used this up to the beginning of this season, (when I had a change of match day arrangements), and could comfortably make it from car to Clarkston in 25 minutes.
Only fly in ointment is I dont know if London road is still closed due to a dangerous building, but I’m sure someone else could confirm this.
FT
Toulouse 0 Montpellier 1
montp 5pts clear now
mon joe cole
do it for lille v psg on
sunday night
thebhoyfromoz
Your e-mails made me realise that there is not a lot of chat about Sunday’s game. Let’s hope the players are more focused than we are.
Lennybhoy, 19:50
The pieces slowly fall into place…
theboyfromoz
I will be drving on Sun
wee man playing til about 11:30 straight offf the park and over to game.
Down Dalmarnock road
Up Nuneaton Street and veer off to left and park in secured parking by big boys
who charge £3.
TBK : Please Craigy, gies yer shares?
bwwwwwaaaaaaaaaaaaa.
was getting annoyed with that crap on ssb, but that last wee bit fair cheered me up.
All scottish sports hacks should be made to do they’re homework before they go to bed the night.
Thanks to Mrs TTT for updating the Predictor League.
strange that Mr TTT is now 300 points clear tho.
HT
you got the link for the predictor this week?
ht,
away strp allegedly –
http://celtictalk.org/_/articles/celtic-1213-away-shirt-leaked-r76
hamiltontim
The tri-colour strip was a hoax.
RalphWaldoEllison-is Neil Lennon Season 2011-12 on 27 April, 2012 at 19:46 :
Aye Ross is who you refer to…if I had the money, I would give them it. Aye right Ross, I’ll crack the jokes.
hamiltontim on 27 April, 2012 at 19:50:
Totally agree mate, where did they socks come from, cannot remember a home strip having black socks, not impressed.
Keep the Faith!
Hail Hail!
Happy Birthday Pablophanque.
Friday nights are still great, but we miss you.
I’ve still got my CQN badges you sent me.
HH
That hun strip they were giving away might be worth something one day…their last ever strip.
Poor hamiltontim,couldn’t get
logged on today for fighting with
all the weemin at work…………..
………………………..and it’s not even
a lap dancing bar:O(
Question for Mr McMoist et al…
In the interests of transparency should all referees, sfa, spl, and club officials declare if they are members of the masonic order?
che
Not yet I’m waiting for Jobo to fulfill his weekly duties!
Haven’t been posting frequently of late so just seeing that Pablophanque is no longer with us. Thoughts & prayers with his family.
RalphWaldoEllison-is Neil Lennon Season 2011-12 on 27 April, 2012 at 19:57 said:
hamiltontim
The tri-colour strip was a hoax.
———-
It may well have been but the home and away kits shown with the tri colour shirt have been fairly close to the mark. Perhaps we are going to get another “international shirt”
tomcourtney
Only a taig would ask that, good on ye.
Lennybhoy…Supporting Neil Lennon and CFC until I die on 27 April, 2012 at 19:58 said:
Love the new home kit and the black socks are brilliant.
We had black socks until 1934 or thereabouts according a Celtic sage on here last night.
Hh