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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311 Comments- Pages:
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Vmhan supporting Lenny and his Lions on 23 April, 2012 at 12:58 said:
V ,when drink becomes the most important thing in you life ‘THINK AGAIN’
Aye thats all over twitter world Gordon_J……. can they naw draw it out a wee bit more :¬)
Vmhan supporting Lenny and his Lions – I had to remind some of the English guys I work with about the significance of the date.
An excuse for a bevy seesion wasted
Indeed. It’s also the ZX Spectrum’s 30th birthday, in case any additional excuse was needed. :)
Google has a neat little tribute today:
http://www.google.co.uk (thumbsup)
jc2 on 23 April, 2012 at 12:54 said:
googybhoy
Imagine sending out a Celtic team with Big Vic and his Big brother as a minder
What a great thought. Especially with some tough European nights ahead.
Aye right Voguepunter, thanks for the heads up, I like a wee bit of froth on it TAL.
I said to my english colleagues so who’s for a pint at lunchtime? not one taker …… miserable bliddy tight arses TAL
V
And you, good yeoman,
Whose limbs were made in England, show us here
The mettle of your pasture; let us swear
That you are worth your breeding; which I doubt not;
For there is none of you so mean and base,
That hath not noble lustre in your eyes.
I see you stand like greyhounds in the slips,
Straining upon the start. The game’s afoot:
Follow your spirit, and upon this charge
Cry ‘God for Harry, England, and Saint George!’
© Edward de Vere (thumbsup)
LB
Good luck. Was not sure u were serious at first so apologies and hence my second suggestion. Yeah avoid mainstream banks!
LiviBoy
I’ve enclosed a link for the Debt Arrangement Scheme, Scotland (http://www.legislation.gov.uk/sdsi/2004/0110626400/contents ).
http://www.dasscotland.gov.uk/about/why-was-das-introduced
It’s important that you go and see an approved administrator and not some of those cowboys who advertise on day time tv. Your local CAB and/or local council can point you in the right direction.
Like yourself I have one year left to go. It’s been a very challenging time but in many ways I’m happier as I don’t have the stress worrying about how I’m going to pay.
Re the loan, yout local credit union may be able to help, although I think you have to open a savings account first.
I know how you feel and it’s good to know others on here are in a similar situation. Don’t know why we get embarassed about this. I’d be more upset to be a hun……
http://www.scottishcu.org/
Vmhan supporting Lenny and his Lions on 23 April, 2012 at 13:04 said:
Had a belgium boy repairing my machine in the Hoover.
Said to him” Norbert :O) u like beer”? Oui said he.
went for a pint lunchtime ,he thought 4 pints in half an hour
was a tad too much.
Belgianlightweightc.s.c
Vmhan supporting Lenny and his Lions on 23 April, 2012 at 12:58 said:
I wonder if the far right with their Englishness are aware that the bould boy was Turkish. His mother was Arab from Palestine.
…………………………………Channel 4’s Time Team say they have failed to unearth a bid for Ragers………………………………………………………………………………………………………..
philvisreturns on 23 April, 2012 at 12:50 said:
Has anybody seen Bill Miller and our Kojo in the same place at the same time? (thumbsup)
Indeed – I believe that it was at the jiggin’
googybhoy ♥ Celtic and Integrity – I wonder if the far right with their Englishness are aware that the bould boy was Turkish. His mother was Arab from Palestine.
Except, not really. (thumbsup)
assetmanager – Indeed – I believe that it was at the jiggin’
I’m not sure I want to imagine our Kojo getting jiggy with it. (thumbsup)
FYI On the list of creditors for Rangers:
Daily Record & Sunday Mail £312 – Surely Minty didn’t make them MSM pay for their own succulent lamb!
Brabners, Manchester £12,999
Brentwood Estates, Manchester £42,963.06 – Unfinished business in England!!!
Childcare Vouchers, London £1,143.74 – Youth Policy?
Computershare Investor Service, Bristol, £23,855.03 – Always handy to have future financial services advice .
Hutchesons Eductational Trust, Glasgow £550 – Ad Maiora Natus Sum – Oops thats the other school motto!
Joe Lennon Picture Framing, Bearsden £840 – Club owners’ pictures show 140 years of heritage and tradition
Rangers Lotteries Ltd, Glasgow £105.80 – A fan may hit the jackpot, even a £1 win goes a long way these days!!!!!!!!!!
Spike Multiedia, Giffnock £5,312.50 – A bit late Alex Thompson is running riot
Sports Alliance, Bury £2,006.65 – They are important with big vote due next week
The Brite Bulb, Bishopbriggs £3,209.64 – Can never have too many of them
Makes interesting reading
Philvis,
In honour of the Knights, St George and walking away
This one’s for you x
In days of Olde
When knights were bold
and toilets weren’t invented
You (did) your load
In the middle of the road
And Walked away contented
Before I forget…. I thought Joe Ledley was excellent yesterday but was equally impressed with his post match interview and the way he talked about Watt.
He looked and sounded like a captain to me. Anyone know why Hooper was captain?
Duff and Fibbs win new contract to paint the Forth Rail Bridge.
KingLubo
I will get there. Birth of my first child is just a bit scary and I want to provide a home and means of transport rather than buses.
dixiebhoy69
The Rangers situation angers me in my current state. I am not trying to bump anyone and the banks don’t want to know. I mean I make decent money and have not ever been unemployed. I’m a grafter and it’s a horrible situation to be in. I don’t have a lot outstanding now but am rather impatient to get it cleared.
Thanks for all the advice and comments Bhoys. I will have a study at home tonight. The season ticket will have to go along with a few other luxuries but that is life. All my own doing. I will be back!
LB
Anyhowz after Tony Watt blazed his way into Celtic folklore a wee footnote will be that it only came about because he was sent off in his last U19 game and is not available for todays Scottish Youth Cup Final.
Come on you U19 Bhoys in Green.
Also what progress has our other January signing making? I think I saw him at the celebrations at Killie but not been near the team or bench yet? Any news?
As I understand it the English cross of St George flag was ripped off the 12th century Genoese flag. This was because they were the medieval badasses and nobody messed with their shipping.
Swiss
amazingwhityelearnfaethehairybikerscsc
tomthelennytim on 23 April, 2012 at 13:13 said:
Anyone know why Hooper was captain?
—————————————————————
If I was to guess I’d say Neil’s favourite player is Hooper – TBH I think Neil’s a bit too loyal to him, hopefully Watt (or a new forward) will give Hooper a bit more competition next season.
monteblanco – In days of Olde
When knights were bold
and toilets weren’t invented
You (did) your load
In the middle of the road
And Walked away contented
Now the knights are blue
And they walk away too
From the poo that they fermented
And HMRC will ensure we see
The Big Hoose is unlamented (thumbsup)
paolosboots – Hutchesons Eductational Trust
That’s ironictal. (thumbsup)
The Token Tim on 23 April, 2012 at 12:23 said:
“To be fair to Thomson (i know, I know!) he had no option other than to send Izzy off, as Izzy and everyone there and watching on TV well knew.”
Again, to be fair to Thomson, he is usually facing the right way when he gives a decision.
Philvisreturns, Yes I thought i was seeing things, all that competition from the school gates right up to the “big hoose”
wonder if Southampton will come back in for Hooper if they make the EPL.
if celtic get an offer of 7 million pounds for hooper ,take it ,and im not being critical on gary ,its just time for him and stokesy to move on ,thats the nature of this game, and im sure anthony stokes isnt to happy at celtic
jock steins celtic –
From the BBC gossip column yesterday:
Southampton are lining up a fresh £7m bid for Celtic striker Gary Hooper. (Sun)
Hearing that the end game may be in sight.
Told that Duff and Duffer are indicating that unless they have a bid that can work today then liquidation is all but inevitable…
I think a bid that can work would be an unconditional bid; something they’ve not had up to now…
paolosboots – I see also:
Scottish Power £302.44
That’ll be a powercard meter getting installed at Ibrox then. (thumbsup)
SunnyBhoy on 23 April, 2012 at 13:19:
“If I was to guess I’d say Neil’s favourite player is Hooper – TBH I think Neil’s a bit too loyal to him.”
Isn’t Hooper the top scorer in Scotland?
Philvisreturns – Nice one – Its a pity they can’t increase the Watt-age x 2.
West Wales Celt,
I’m sure they do want an unconditional bid. But that’s almost impossible unless there is an incredibly stupid multimultimillionaire out there who is really bored.
At some stage they need to remember that they have to put the creditors first. And that means setting a deadline, sticking to it and taking a hard decision when no unconditional bids are received.
Swiss Tony – If I was designing a national flag I’d go for a buxom Viking warrior princess atop a fire-breathing dragon, fighting off a horde of fembot ninjas.
And it would have a hand giving a thumbs-up at the bottom, with a tattoo of “Philvisland” enscribed on it in a gothic font with lots of umlauts. (thumbsup)
The latest developments in the ranglers -administrators- bidder war fiasco reminds me of the old Goons classic “I’m walkiing Backwards to Christmas Across the Irish Sea”
Livibhoy, I found myslef in smilar situation last year and it has unfortunatley cost me my marriage. I was advised by Lloyds TSB and others to contact a company called PAYPLAN. They have dealt with everyrhing for me, setting up a debt management plan and my finances are as good now as they have been for a long time. I now pay them a regular monthly payment in line with what I can afford and this is distributed among the creditors according to agreed terms. Although this has cost me my marriage I have serious doubts whether I would be here today if I hadn’t faced the problem and sought their help.
paolosboots – Nice one – Its a pity they can’t increase the Watt-age x 2.
Eternal darkness is always where they were headed. (thumbsup)