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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ElDiegoBhoy on 27 April, 2012 at 19:44
I sat with Steve at a CQN curry night in the Merchant City brought my son along there wad a group photo taken.
The new strip is based on that of 1903 when the hoops were introduced. Guess what! Celtic played in black socks for years.
DONTKNOWTHEHISTORYBUTMOANCSC
DJBEE on 27 April, 2012 at 19:46 said:
Don’t cry for me David Murray
The truth is I never left you
All through my wild days
My mad existence
I kept my promise
Don’t keep your distance
Eric
Saint stivs
Cheers, I like that one!
RalphWaldoEllison-is Neil Lennon Season 2011-12 on 27 April, 2012 at 19:57 said:
Thanks do you have a picture of it just for argument’s sake? :-)
Lennybhoy
Don’t think big Sammi is too enamored with it either.
tomcourtney
come on ..there`s transparency and transparency
it`s only useful if it can be used to bully and harass perceived opponents of RFC
oglach on 27 April, 2012 at 20:02 said:
Without trying open that debate again, I didn’t like the hoax/nonhoax away shirt.
Celtic home kits 1880’s to the present
http://www.historicalkits.co.uk/Scottish_Football_League/Celtic/Celtic.htm
The admins describe the penalties imposed on Rangers as ‘unwarranted’ What??
Certainly many of the ones they are awarded in games are but even the independent panel say they had no choice given the evidence before them. Unwarranted? Are these guys for real? It gets more bizarre by the day.
hamiltontim –
With pleasure…
http://www.thekanofoundation.com/predictor.html
And I might even put it up as a reminder in the morning ;-)
In the interests of transparency should Ally tell us what he whispered in Neil’s ear?
Enrico Dandolo nicked my Crusade on 27 April, 2012 at 20:04 said:
DJBEE on 27 April, 2012 at 19:46 said:
Don’t cry for me David Murray
The truth is I never left you
All through my wild days
My mad existence
I kept my promise
Don’t keep your distance
Eric
…
Surely that last line should read
“Please keep your distance”
Someone should remind them that their offences could/should have carried the licence withdrawal penalty.
Stupid stupid huns
Emailed to jim dot delahunt at radioclyde dot com
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?
————————-
Wasn’t read out :(
OG Rafferty said
The pieces fall into place.
can you put any meat on those bones in respect to football licence denial.
HH
mike
Hi Everyone! Before I list the below, be safe on Sunday! We know what these people are capable of!! We make history, they just follow…..and with the last OF game on Sunday, we will make history! Irrespective of what they say, within the Celtic family All of Us Will Never Walk Alone!
In Dresden, Germany, the Celtic family is alive and well!
After the sentensing today of those two (I don’t want to call them anything else), here’s a simple list of what Neil has had to go through…….I have nothing but admiration and respect for our manager, a family man and a son;
– University students Gregg Miller and Neil MacLeod were fined a total of £900 after Mr Lennon was attacked in September 2003 in Glasgow’s west-end.
– Car salesman Thomas Ferrie was then fined £500 in April 2004 for road rage after chasing Mr Lennon along the M8 and yelling abuse.
– In January 2009, Rangers fans Jeffrey Carrigan and David Whitelaw were jailed for two years each after the then Celtic coach was attacked in the city’s Ashton Lane.
– Stephen Birrell was locked up for eight months last October for posting comments on a Facebook page called “Neil Lennon should be banned”.
– Robert Rollie was spared jail that month after he wrote threatening messages about the Celtic boss on another Facebook site.
– David Craig was sentenced to 14 months in March this year after he posted a picture online of Mr Lennon covered in bullet wounds.
– Hearts fan John Wilson was convicted of a breach of the peace and jailed for eight months for lunging at Mr Lennon at Tynecastle last year.
– Christopher Hay was charged in March this year with threatening Mr Lennon on a social networking site. He made no plea when he appeared at Glasgow Sheriff Court. No date was set for a further hearing.
– Trevor Muirhead and Neil McKenzie jailed for five years for sending devices they believed were capable of exploding and causing injury.
Ta ait seo an maith ar fad!
hamiltontim
Sorry, but try Oglach or Traditionalist88.
The pretendy bidders for Rangers are forming and re-forming alliances more often than Fairport Convention.
But they’ll never be as good as they were when Sandy was there.
whoknowswherethehungoes csc
In the interests of transparency…
Will Rankers ever publish accounts
Will kennedy-murray have a meeting with Wild Bill to compare bids? I can just see them standing looking each other up: “my bid is bigger than your bid” kind a thing…men & their toys? Wild Bill will probably shoot at the blue knights with his smith & weston…the shots will kill them but some ricochet back & kill old Bill…fin to the hun charade.
Just seen the pictures of the new strip,don’t like it.Is it just me or does it look cheap?
I really can’t see how we will lose on sunday. The huns are there for the slaughter…we really need to kill them off.
Its the humane thing to do.
I’ve got the sniffles * does a sniffle *
That’s it confirmed.
RalphWaldoEllison-is Neil Lennon Season 2011-12 on 27 April, 2012 at 20:09 said:
I have nae desire to be a referee :-))
In all my time on this site, I have never heard a single poster say they want Rangers to be saved, yet there are scores of them phoning into radio stations saying just that. Odd indeed.
Meanwhile, in the interests of transparency, I will wear my polythene underpants tomorrow. :-)
setting free the bears on 27 April, 2012 at 20:10 said:
Hey…line crossed there 8>)
Even if they were never the same once Sandy Denny died.
Narrowboat Tim was on earlier talking about the Cropredy Festival.
Squeeze headline the first night.
LiegeandliefCSC
paddy on live here til 10…
http://www.spreaker.com/show/the_paddy_ryan_show
Headtheball on 27 April, 2012 at 20:14 said:
In all my time on this site, I have never heard a single poster say they want Rangers to be saved, yet there are scores of them phoning into radio stations saying just that. Odd indeed.
Meanwhile, in the interests of transparency, I will wear my polythene underpants tomorrow. :-)
….
You’d do well to team up with Jimbo67. He introduced ladies nethergarments to the blog this morning.
tomcourtney on 27 April, 2012 at 20:10 said:
I’ve been asking about the accounts for ages ……. Everybody ignores me, so I am assuming it is a silly question …….. Just don’t understand how any Company can be allowed to trade without publishing audited accounts …… Simples….!!!!!!!!!!
RalphWaldo…
Is Narrowbhoat Tim going to Croppers this year?
Spoke to him about it a few times and am going this year so would like to share a pint of 5 with him if poss…
Why are all the sports broadcasters peddling stories about these conditional bids
Surley know what is required for a CVA….surely they know HMRC`s attitude towards a CVA
and
to describe it as a battle for control …nonsense
Jobo / Hamiltontim
Looks like there is a wee problem with Predictor. Your link to the leader board reflects week 32. Earlier tonight I could view 33 results (not now).
Headtheball on 27 April, 2012 at 20:14 said
I know hoop fans the whole length of the country and not met one either, not one!
hamiltontim
You havnae got the handshake fur the gig…
Used to go to school in Hamilton, is that your real neck of the woods?
Headtheball on 27 April, 2012 at 20:14 said:
I want rangers to be saved.
I also want a fortnight in the Maldives with Cheryl Cole and Penelope Cruz
I also want HT for at least one week to remember the link to the Predictor
Only two of the above is the truth.
None of the three is likely to happen
Headtheball on 27 April, 2012 at 20:14 said:
Maybe wrong ,but pretty sure read a post
from James Forrest wanting them saved.
wonkyradar on 27 April, 2012 at 20:13 said:
Despite me only minutes ago making a prediction of Celtic 2 huns 0 on the Kano predictor, I’m quite apprehensive about Sunday’s game.
I went to ibrox in the belief that we would hump them and look what happened there. I want to beat them as much as I can ever remember but I can’t face the disappointment and hurt that I felt in the days following the last derby.
For that reason I’m not building my hopes up too much.
Maybe I am looking too far ahead but I would love to be a fly on the wall at the 10 year Remembrance Party for the good old teds in the Queens Park “Spiders Lounge” at Lesser Hunpen. We could reminisce about the good old days and listen to Pooh Dallas telling us about how he was once a respected professional pvc window salesman and referees were respected.
Investigate the SFA! That is the big story Mr A Thommo
Must have got mixed up :o)