Lots of news is likely to come your way today, so just a brief catch up:
This is very much a false dawn for anyone hoping to rescue Rangers via a Creditors’ Voluntary Arrangement (CVA). While Duff and Phelps can accept a deposit from a third party planning CVA, that party would then need to negotiate with HMRC, which is another story altogether.
On Friday evening Duff and Phelps gave strong indications that they would work with the Blue Knights to enable them to secure preferred bidder status today. Although there were many obstacles in their way the key one for me appeared to be Duff and Phelps belief that Ticketus would be able to convince Craig Whyte to delivery his shares to a buyer without holding out for a substantial payment.
As you know, Craig Whyte is the only game in town and achieving this seemed remarkably ambitious. Indications this morning suggest those ambitions have not been achieved.
We hear this morning that despite their love and loyalty to the club the Blue Knights have still not found the £500k required to before preferred bidder and that any bid submitted today is likely to remain as conditional as the ‘bids’ they submitted earlier in the process.
Our favourite, Bill Miller, has placed Duff and Phelps in an interesting position with the offer of hard cash, although his press release on Friday also contained many impossible to deliver conditions. He will now know that the SPL and SFA will not acquiesce to his demands for a pack of Get out of Jail Free cards.
This may be enough to encourage Miller to drop out of the process but unlike the Blue Knights, who appear to seriously expect Craig Whyte to shrug his shoulders and walk away, Miller must have known his demands of the SFA and SPL were highly speculative.
If Miller submits his offer to ‘wire’ £500k into the creditors’ pot today, with or without SFA/SPL conditions, Duff and Phelps cannot allow his offer to expire without accepting it or an alternative.
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I wonder if the SPFA or the SFWA would ask for poty gongs to be returned?
**keeps a straight face**
They’re all delaying putting any money into Duff and Phelps cos they’re all waiting for the result of the BTC. This is all posturing b.s. trying to position themselves as the fans’ favourites for the subsequent fight over the remains of Oldhuns. They’ll need the support of the stupid hun masses if they are to have any hope of getting Newhuns off the ground. They have to pretend they tried to save Oldhuns to have any chance at all.
Stupid huns. hehehe
Craig Thomson has been appointed by the Scottish Football Association as the referee for Celtic’s clash with Rangers at Parkhead this weekend.
The referee will be assisted by Derek Rose and Alasdair Ross, with Brian Winter appointed as fourth official.
Why don’t the huns get Martin Lewis in to sort them out? He’d have things sorted quicker than Duff and Duffer!
Dharma, I believe that Krissy Boydy is a world class striker and would have scored just as many had he continued playing for his beloved Kilmarnock.
savo01 on 23 April, 2012 at 11:11 said:
Without wanting to sound arrogant but how long did it take us to raise the £500,000 for Vanessa? And compare that to the fact a bunch of “millionaires” cannot raise the £500,000 to secure preferred creditors status or that their “fighting fund” has raised just over £300,000 the last I heard it gives me an immense sense of satisfaction of being a Celtic supporter. They were saying on talksport on Friday night that a share issue could raise them between £15-30m! I nearly crashed my car witht he laughter!
+++++
To be fair, Vanessa, or indeed any young person’s life, is more important. And it should be remembered that there were many more than just Celtic fans who helped out with that fund-raising.
They are just a football club, mired in corruption. I would not expect anything more from their fans, who still, when pressed on the future ‘club’ in whatever form it takes, talk about war-chests and transfer kitties. It is clear that their mindset it still the same that will see any new venture doomed to failure: someone else pays.
ernie lynch – I think the biggest laughs will be had when all the dust has settled and we will see just precisely how incompetent all of these useful idiots really are.
I don’t think even a genius could extricate them out of this mess now. IMO they have passed the point of no return….
savo01 @ !!:15,
”Why don’t the huns get Martin Lewis in to sort them out? He’d have things sorted quicker than Duff and Duffer!
Sounds like BDO might be getting involved, they are a serious type of Accountancy firm, they are going to take the fun out the whole thing IMO.
Happy St. George’s Day.
As Admin FC face the wall.
“Is n’t ironic”
Let them burn!!
Jelly and ice crem-ation anyone?
dirtymac,
All true and I said I wasn’t trying to sound arrogant but I believe it has been our weight which has been a big factor. I have seen plenty of these appeals that unfortunately didn’t raise as much and certainly not in such a short space of time. The appeal now stands at £616,000, phenomenal!
If BDO comes in it will be with the solepurpose of liquidation.
And they would liquidise the huns properly.
Instructions for a toxic spill. I reckon they can be used for the ibrox liquidation.
Containing and controlling incidents so as to minimise the effects and to limit danger to persons, the environment and property;
Implementing the measures necessary to protect persons and the environment;
Description of the actions which should be taken to control the conditions at events and to limit their consequences, including a description of the safety equipment and resources available;
Arrangements for training staff in the duties they will be expected to perform;
Arrangements for informing local authorities and emergency services; and
Arrangements for providing assistance with off-site mitigatory action.
The emergency plan should be simple and straightforward, flexible and achieve necessary compliance with legislative requirements. Furthermore separate on-site and off-site emergency plans should be prepared.
Morning CQNer’s
Just dropped to ask
“How long. How long must we sing this song ?”
@U2 Bloody Sunday lyrics
Hail Hail
just noticed a link on rtc that they have another date in court on wednesday, could it be the big one???
The surrealistic narrative peddled by the MSM in the last few weeks has really been cranked up to Hieronymus Bosch levels of wackidum…according to the Scots Press: Whytey is a gnat on the dinosaurs back (an irrelevance) & HMRC’s big tax is no longer of consequence…the Laptop Loyal adore a vacuum…
So Craig Thomson, employee of FES FM Stirling Ltd is in charge of the derby at the weekend. The same FES who are owed almost £81k by the cash strapped southsiders .
Hmmm as Paul67 might say.
BDO. Why are the British Darts Organisation getting involved? Surely they have enough problems with Sky and the PDC wanting to take them over ;-)
Wednesday 25th April
Starred Motion
Between 10.00am and 11.00am
1. P221/12 Pet: Rangers Football Club Plc for an Administration Order
Biggart Baillie LLP
Burness LLP
What’s happening with Andrew Ellis? Doesn’t he still claim that Craig Whyte promised him 25% of his shares? So how can Whyte give them to Ticketus?
Another fly in the ointment? Must look like a garibaldi in there by now.
There are su many similarities between Rangers and St.George. smoke,.mirrors and spin.
Everything about Saint George is dubious, so the information below should be taken as mythical rather than real.
Born in Cappadocia, an area which is now in Turkey
Lived in 3rd century ADHis parents were Christian
Later lived in PalestineBecame a Roman soldierProtested against Rome’s persecution of Christians
Imprisoned and tortured, but stayed true to his faith
Beheaded at Lydda in Palestine
23rd April was named as Saint George’s day in 1222
Never fought a dragon.
IronicCFC
Gordon J ——
Poor old Duff and Phelps were constrained by a double bind —–trying to save a fabulous mess of a business whilst not believing that that the business could be saved.
BDO will be free of such constraints . They will simply press L for Liquidation.
cardiffbhoy
Are you surprised? He will probably recoup his companies cash by betting on a Rangers penalty and then giving them a soft one early doors. I want to beat them in the last ever Glasgow derby but will we be allowed to? This is the league decider (-10 points irrelevant).
LB
North Korea announces it will soon reduce South Korea to ashes. Like father like son, Idiots the pair of them.
cardiffbhoy –
I had heard about this potential conflict of interests before.
Good job the SFA are robust and vigiliant to this sort thing, eh Campbell?
Craig Thomson = best of a very bad lot
Now you would have thought that the fact Craig Thomson’s company is owed a lot of money by the huns would make him biased AGAINST them, wouldn’t you …
Will McMoist have the nuts to whisper in Mjallby’s ear after the game?
LB
Confused in Fife
If any CVA is agreed, I know not likely, am I right in thinking this would be a CVA on the current known liabilities? Once the Big Tax case rears it’s head then that would blow tht out the water? Or, would a CVA agreed now, include the outcome of the Big Tax Case?
Confused, in Fife
Gordon J
I think that Thomson is currently the best of the referees that we could have had? Rather him than Collum or Murray.
Does anyone know if the GB have banners made to welcome the Thai Tims on May 3rd. Hope there is a huge crowd to welcome them.
I never worry about getting a reply on here…..it’s a blog,not a messaging service. So don’t get down,Dharma. Life is good,and you are a fellow Tim,so you’re in good company.
A week ago I met The Malta Tims at their CSC and it was like running into family members I hadn’t seen in years. They made me feel right at home even though I was a stranger in a strange land.
“We are more than a football club. We are family.” (Neil Francis Lennon.)
Is all this blunderbuss posturing & public flexing of mythomaniacal muscles from these gangs of Walter Mitty type “suitors” really a jockying for position to see who will gain control of Zombie FC? Once the perfect storm is over Whytey will still own the assets- so surely he is in the best position no matter how much line dance jockying goes on in front of his green, white & gold throne: he holds all the aces & wears the crown no matter what the MSM or anyone else says…
♫…and they gave us James McGrory and Paul McStay…♫
Livibhoy, KJambhoy, let’s face it, nothing surprises us anymore about how the SFA works.
However as Kayal33 and Billy’s Bhoy have said, sadly he is probably the best appointment we could have got for this game, and that’s with a track record of sending off Mulgrew and Izzy in the derby as well as wrongly booking both Maloney and Stokes for diving in the past. He’s also admitted he should have given us a penalty, but only 2 days after the game !
Gordon_J, I agree you’d think he’d be biased against them, but weren’t we supposed to think that about the Roman Catholic Religious Education teacher !!
If we beat them in the last ever “Old Firm” game then we would have won the first and last…there is a beautiful poetic symmetry in that, as well as a real sense of closure.
Serge on 23 April, 2012 at 11:34 said:
North Korea announces it will soon reduce South Korea to ashes. Like father like son, Idiots the pair of them.
Not really that idiotic tbh. If the Iraq war proved anything to the ‘diddy nations’ ;-) it’s that having weapons of mass destruction is a diddy nations’ only defence against the warmongering USA.
So long as North Korea brazen it out long enough that they are prepared to use them USA or China or Japan will never attack them.
The moral question is whether spending money on weapons of mass destruction when you have very little money and keeping your sovereignty is better for your country’s people than spending the money on water, food, health care only to see it being blown back into the stone age by USA.
I am not sure what the answer to that question is, as thankfully I don’t have to face such a question and don’t envy anyone who does.
beat them ?
we are gonny molicate them !
5-0