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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Sir Paul
So.. Still Nae Joy fur the G.A.?????????????????????????????
Which, is tae be fully expected…
fur..
If Ah wiz gonna Bid fur ..Anything..
Ah wid Wanna know.. well..
“Jist whit Am Ah.. Gettin’ ..Masel…. Intae?”
Self Preservation ,is awfy important..
Howevahhhhhh..
WEALTH Preservation.. Trumps THAT, in Spades, Clubs,Diamonds and Herts!
Ye must always hiv a guid Look afore ye Part wi.. Yer Precious Gelt.
So..
It Maks awfy guid sense fur the Bidders tae wait..unti,l they find oot the the Result o’ the Upcoming Critical Vote ,oan the S.F.A ‘s..or The S.P. L’s. .. Seven Deadly Punishment Proposals.
Yep.. If Ah wiz Bidding.. Ah wid Wait until a Fun oot ,how that wid Effect Ma Bid…and ,as a consequence.. Ma Financial Future.
Maks Sense tae Me.
Kojo
Still.. Feelin’ ….Merry, as awe get oot!
merseycelt lmfao as the big house door slams shut on 23 April, 2012 at 14:38:
“In their mind, Rankers Football Club will never die because they arra peepil and, as much as it hurts me to say this, I can understand this view and suspect strongly that I would think likewise if, god forbid, Celtic were to be liquidated.”
I know what you mean, but it’s like ‘first-love syndrome’.
Many people experience a situation in their lives where they hold a candle for a former girlfriend – but the reality is that relationship is well and truly over and there is absolutely no chance of getting together again.
Rangers fans will always love the club that was – despite that club ceasing to exist.
Thanks Mort. That’s cleared that up then. ;-)
Compared to most other scottish fitba’ fans, I’m actually pretty clued up on this process, through reading the fabulous posts here. It’s incredible how little interest fans of other clubs seem to be taking in this. We see token banners etc at other grounds, but those I’ve spoken to are surprisingly disinterested in the whole mess, other than hoping that they die soon ( and to be honest, not many would be glad to see the end of us too. We’re still seen very much as the other side of the same coin, and I take enormous delight in telling them how wrong they are, and quoting examples of how we differ.
Most seem to glaze over.
I pity them. They will probably never know what it’s like to be a part of what we are.
oops….should read ‘MANY would be glad…..
Twas ever thus:-
The Scotsman – Monday, 29th September 1930, page 4
UNUSUAL INCIDENT AT HAMPDEN.
There was an extraordinary climax to the encounter at Hampden Park, Glasgow, between the Celtic and the Queen’s Park. Referee T. Dougary blew his whistle for time-up, and the players were trooping off the field when a linesman drew his attention to the fact that there was still two minutes to play. Realising that he had finished the game too soon, the referee ordered the men to carry on after a consultation.
In these last two minutes, the Celtic, in the heat of a hot Queen’s Park attack, conceded a penalty for handling, and McAlpine beat Thomson from the kick. It was an exciting. wind-up to what had been a rousing contest.
The effervescent football of the Amateurs in the first half discomfited the Celtic, who, nevertheless, fought with fine pluck and perseverance, but, though deprived of a point in such a remarkable circumstance, they must agree that a draw was quite an equitable result.
………………………..
Take it on the chin chaps seems to be the message from the Keith Jackson of the day.
brimmer on 23 April, 2012 at 14:47 said:
A lot has been said (only by us timmys mind you) re: the Whittaker assault that only produced a yellow, rather than the nick, on Sat.
But not only did Sportscene not show it, he also got away with this whilst on said yellow. It’s at 4.11. It’s unreal how often this tool gets away with stuff.
http://www.bbc.co.uk/sport/0/football/17710952
Comments would be nice, but i’m assuming you’ll all just shake your heads.
brimmer
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Hey Broad Black,I´ve noticed this scum bag Bastardo for a long time now.Mr nice guy Whittaker ( not) always following in under the radar.dirty scummbag bastardo.
Hey no me amá good guy.Aye right.
They were eatin Paris buns when thy heard the Fenian guns & the durty orange Bastards ran awa.
Ran awa.
The durty orange bastards ran awa
thy were eatin raw bananas when they saw the fenian banners & the durty orange bastards ran awa
up the Celts,Hail Hail