In order to give a fuller picture of what the next few days could hold there is one useful piece of information but first a recap. Back in October I predicted the Cunning Ruse to liquidate Rangers and phoenix as a Newco. Then, when Duff and Phelps first invited offers to purchase Rangers assets we predicted only Craig Whyte’s proxy would be in a position to complete a deal.
Given the situation the proxy will inherit, one final prediction – based on some solid information:
The proxy hopes to start from the Third Division.
If Newco inherits Rangers share in the SPL and competes there next season it is liable for fines and penalties due from the SFA and SPL, including what will be the most severe censure handed out in the history of British football after the Improper Registration of Contracts issue is concluded. They will be hamstrung for many years, perhaps decades. They will also need to pay domestic and international football debts.
However, if the start from the Third Division, they do so without any legacy baggage from the old Rangers FC. This would allow Newco a predictable three year penury and allow them time to engage with supporters of Rangers before returning to the SPL in 2015. Season 2015-16 would be business as usual.
This is not a decision Bill Proxy can take, however, what happens to Newco is in the hands of the SPL. Listen out for Proxy’s puppets suggesting the Third Division route.
For us, it’s popcorn time, the ice-cream is stocked and the sparkling stuff is in the fridge, but in all seriousness, past, current and now future owners have absolutely trashed that football club. To paraphrase Tarantino, they’ve got medieval on their… face.
Pop! And they’re gone!
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Italian media outlets rumoring that Spain has offered to host the Euros.
Italian media outlets rumoring that UEFA have rejected Spain’s offer .
Italian media outlets rumoring that UEFA are considering postponing the Euros.
Come on you bhoys in anthracite!
Ditch Nike and get Adidas on board.
SydneyTim on 2 May, 2012 at 13:13 said:
Away strips
Ahhhh
It has been proven that teams who play in unfamiliar black away strips struggle when playing under floodlights
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Can’t remember that being the case the last time Celtic had a black away kit under O’Neill. Fergie will use any excuse for his team losing rather than admiting he messed up. Didn’t he moan about a gray away strip costing them a game because it was foggy and the players couldn’t see each other – lol?
I love the new away strip and will be ordering one. Is the colour a subtle response to the inordinate power of the MiB? ;-)
New Away Kit :Sorry just don’t like black strips
An American sports investment company has claimed it is “not a party” in a tow-truck business owner’s attempt to buy crisis-hit Rangers.
Club 9 Sports had previously been involved in a consortium of US and UK business people that had expressed an interest in taking over Rangers previously.
Earlier this month it said it was stepping aside from the bidding process, before Bill Miller emerged with an £11.2m bid to fund a newco version of the Ibrox club, which is expected to be named preferred bidder for Rangers this week.
On Wednesday, Jon Pritchett, operating partner of Club 9, said the branch of Chicago merchant bank Prometheus Capital Partners does not have “any official relationship” with Mr Miller.
He told STV News: “Bill Miller was one of several members of a group of investors with whom we were working in our initial efforts for a US consortium to acquire Rangers. We were involved but were not leading this effort.
“Given the complexities of this transaction, the consortium agreed not to move forward. Bill decided he wanted to move forward on his own as an individual bidder for Rangers. The consortium was happy to step aside and allow Bill to go forward as the sole bidder.
“While we remain friends with Bill, Club 9 Sports does not have any official relationship with him and we are not a party to the Rangers transaction.”
Club 9 Sports had previously been involved in two fruitless takeover attempts of Sheffield Wednesday and Tranmere Rovers in recent years.
Mr Miller has pitched his proposal as involving an “incubator company” where the clubs assets would be sold to a newco for £11.2m before that money is used to achieve a company voluntary arrangement (CVA) with Rangers Football Club plc, incorporated in 1899, and the firms are later merged.
He admitted that a CVA is more likely to be blocked by Ticketus, the London ticketing agency that struck a £25.3m deal with owner Craig Whyte for 100,000 season tickets until 2015, as he will not honour that deal meaning it would become a creditor owed around £27m, according to administrators Duff and Phelps. His offer would therefore involve liquidating the original Rangers after selling all of its assets to a newco.
The 65-year-old said in a statement released last month that his offer depended on the Ibrox club not being hit with further sanctions from the Scottish Premier League and the Scottish Football Association (SFA). A judicial panel appointed by the SFA recently hit the club with a £160,000 fine and a 12-month player registration embargo for several rule breaches including bringing the game into disrepute.
Mr Miller owns Miller Industries, which described itself as a “the world’s largest manufacturer of vehicle towing and recovery equipment”. Its UK arm is Boniface Engineering Limited and according to the latest accounts for Tennessee-based Miller Industries, it had a net income of $23m (around £14m) and the chairman of the board took home an annual base salary of $319,727 (around £197,399) with the company.
The American was previously appointed chief executive of Team Racing Auto Circuit, a stock car racing syndicate created in 2001, which Mr Miller hailed as “the most innovative concept ever introduced to motor sports.”
By 2004, the project aimed at rivalling Nascar had collapsed after failure to sell sponsorship for any of the participants, and Mr Miller, along with Mr Prutchett of Club 9 Sports who was also involved in the ill-fated venture, were targeted in a $50m lawsuit by former shareholders. The case was eventually settled out of court.
The other bidder vying to take over Rangers is the Blue Knights consortium, led by ex-Ibrox director Paul Murray and involving Sale Sharks Rugby Club owner Brian Kennedy. They were told by Duff and Phelps to up their initial bid over the weekend after putting forward around £5m in an attempt to fund a CVA for the club, which owes up to £134m.
Both bids also include, in addition to the funding put forward, the writing off of £7m owed in debentures to thousands of fans who bought bonds in the club to fund the construction of the club deck at Ibrox.
Paul, avid long term reader, (very) occasional poster.
What I and every Celtic fan has to ask is what we want to see happen? It is easy to say we want to see them gone, punished accordingly etc but what is the right thing for Celtic?
I would like…..
1. Come out of punishing CVA, get charged with improper registration and titles stripped and fined. Sued by Celtic et al for loss of revenue and a weak, wounded, undignified (but the same old Rangers) remain.
2. Liquidation and brand New Co. I honestly think Celtic do need them in SPL. In this case history is gone (but am concerned they will spin it back), they are in SPL – lose fans with loss of history and are a poor Hearts,
3. Gone completely and Celtic get into England.
I am not sure if these are possible. I would be very keen to hear your views on not how you think it will pan out but how you would realistically want it to pan out?
Isn’t the Miller bid fundamentally flawed? How can you remove assets from under the nose of creditors, purely to ensure that liquidation would yield no return, meaning that any poor CVA must be accepted?
As far as I can tell Miller (or one of his separate companies) has made a bid for the assets alone, which weren’t actually for sale.
On a mountain in Virginia
Stands a lonesome pine
Just below is the cabin home
Of a little girl of mine
Her name is June, and very, very soon
She’ll belong to me
For I know she’s waiting there for me
‘Neath that lone pine tree
I can hear the tinkling waterfall
Far among the hills
Bluebirds sing each so merrily
To his mate in rapture trills
They seem to say “Your June is lonesome too”
Longing fills her eyes
She is waiting for you patiently
Where the pine tree sighs
In the Blue Ridge Mountains of Virginia
On the trail of the lonesome pine
In the pale moon shine our hearts entwine
Where she carved her name and I carved mine
Oh, June, like the mountains I’m blue
Like the pine I am lonesome for you
In the Blue Ridge Mountains of Virginia
On the trail of the lonesome pine
If we wear a black away strip, what will the MIB wear?
Perhaps to avoid a colour clash the SFA could come up with a natty orange outfit for refs. I’m sure at least some of them would quite like it.
ASonOfDan on 2 May, 2012 at 12:47 said:
Anyone organising the Birthday party?
6th of May will be one year since Craig Whyte CSC obtained his shareholding of 85.3% in rangers.
That has got to be worth celebrating!
Oh! rangers can withdraw from PLUS market on that date as it has been a year.
———————————————————-
A mate of mine suggested that next year, on the official anniversary of the date of liquidation, every Tim in the world should send them a Happy 1st Birthday card. Just to remind them like :-)
The only problem is that I fear there’ll be no jelly and ice cream left by then!!
Apparently the SFA and SFL are to merge..
anyone???
from rtc
a comment
also ive read the SFL are having a press conference at hampden the morra @2pm
anyone??
jock tamson on 2 May, 2012 at 13:01 said:
So far it’s only Merkel and the Sports Minister threatening to boycott. They’re not allowed to pressure the actual football team to boycott. Sadly, I believe it will take the latter to force Ukraine into releasing Tymoshenko.
The hun should be forgotten about like any flushed away jobby
Hail Hail
RFC 2013 Line up.
Naismith, Naifutere,Naiclass,Naimoney,Naistadium,Naihope,Naitrophies,Naiprospects,
Naifans,Naimanager,Naiplayers.
So the SFL are taking the lead ?
Mmmhhhhhhhhhhhh…..
Hail Hail
I don,t think we will hear much today, if so that will be good .They will not want to give out any more bad news until after the game at the bigotdome tonight
Ghuys let’s be honest the black away kit is a refreshing change from the crimes against fashion we had had to endure for the past few seasons – bumble bee, Day-Glo barcodes etc. I had considered sending the fashion Gestapo to punish the designers and perpetrators of those hideous eye sores. Just because they were popular doesn’t mean they were stylish – need I mention flared trousers, perms and shell suits. Keep it simple keep it classy. Fashion goes out of style but style never goes out of fashion.
‘Other terms which refer to anthracite are black coal, hard coal, stone coal (not to be confused with the German Steinkohle or Dutch steenkool which are broader terms meaning all varieties of coal of a stonelike hardness and appearance, like bituminous coal and often anthracite as well, as opposed to lignite, which is softer), blind coal (in Scotland), Kilkenny coal (in Ireland), crow coal (or craw coal from its shiny black appearance), and black diamond. “Blue Coal” is the term for a once-popular and trademarked brand of anthracite, mined by the Glen Alden Coal Company in Pennsylvania, and sprayed with a blue dye at the mine before shipping to its northeastern U.S. markets to distinguish it from its competitors. The imperfect anthracite of north Devon and north Cornwall (around Bude) in England, which is used as a pigment, is known as culm. Culm is also the term used in geological classification to distinguish the strata in which it is found and similar strata in the Rhenish hill countries are known as the Culm Measures. In America, culm is used as an equivalent for waste or slack in anthracite mining.’
-Lifted from Wiki/EWLM/EWTB.
DBBIA/MickMcgaheyCSC
tomthelennytim on 2 May, 2012 at 11:25 said:
:-)))
Culm on you bhoys in anthracite
Awe_Naw_No_Annoni_Oan_Anaw_Noo on 2 May, 2012 at 13:28 said:
The hun should be forgotten about like any flushed away jobby
+++++++++++++++++++++++++++++++++++++++++++++++++++++++
We’re having a jobby while Rangers die
jock tamson- It was reported on BBC 24 about 12.45 but don’t see it anywhere else.
New away strip debate:
Black or dark strips look good ,only as casual wear for fans, but should never be worn by the team.
When managing Hibs John Collins caused a bit of a stir by refusing to use their black away strip ( despite agreement with manufacturer).
He stated that the black strips made it more difficult to see team mates.
Remember Fergie changing out of the ManU grey strips at half time against Southampton?
A player running with the ball often has to see team mates in peripheral vision ( rather than looking up)
Anything that detracts from that ( even marginally) is a negative.
The Onlooker
Just remembered………Will the Formula 1 car the h*ns were racing a few years back be part of the fixtures and fittings at the sale ?.
‘Mr Miller, along with Mr Prutchett of Club 9 Sports who was also involved in the ill-fated venture, were targeted in a $50m lawsuit by former shareholders. The case was eventually settled out of court.’
Move over Craigy Bhoy, there is a new hero in town.
BILLMILLERCSC
Whitedoghunch-Can I email you on a different topic?
People moaning about the black + grey away kit?
Pah! What’s up wi you lot? Everyone knows those are the ‘in’ colours for next A/W :)
PalZileriCSC
I think the new away strip is a cracker especially for those, unlike myself, rotund fans whose splash pool sized belly button becomes a focal point upon entering any hostelry.
SIxPackCSC
poordeadking @ 11:45Re Chinese restaurants in Glasgow, Asia Style at Charing Cross/St Georges Cross has a great reputation amongst the local Chinese community -Always a good sigh. Its Chinese/Chinese as opposed to Western/Chinese. Hope this helps.Hail Hail Hebcelt
sigh=sign Hebcelt
Black strips should be for MIBs
Paul 67
I would like to ask you a question. I believe that you will only answer my question if it’s asked within the first 10 posts of a new article. But if I did ask you a question and it related to a previous article then I may have missed the boat. But I will gallantly move on and ask this question, albeit I understand it’s outwith the first 10 posts and as such you may well ignore it…not intentionally you understand. My question is this….do the first 10 posters subscribe to CQN and therefore are treated differently from the other multiple posters from 11 onwards?If the answer is affirmative can I ask how one gets into this club? Oops…I’ve just asked you 2 questions now and I’m not in the top ten club. But hey…. I may start the 11 – infinity club where no questions are asked or responded to. Right?
Is black the new green?….
If we play in black, will MIBs have to play in green tops???
Try again…………… Phew!!!
Huns
Regards & Hail Hail
TBM
Mort 10.40am …late reply just landed in berlin from ams
no I was not on that flight ; at 5pm on sunday I was having a pint with Alex Thomson before he joined gerry braidens crew.