Someone forwarded me the statement from US based Bill Miller which I read and ignored, thinking it was a wind-up. Incredibly, it’s ““Real””.
Bill tells us he will invest £11.2m into the club and:
“There is no way that Ticketus would agree to accept a “pence on the pound.
“It is apparent that there will be several lawsuits that will emerge in relation to a potential CVA exit.
“In order to preserve the club’s history, records, championships and assets, I will put the “heart” of the club into an “incubator” company while Duff & Phelps works to make the “sick patient” healthy through a CVA process that effectively works to “radiate” the toxicity of past administrations’ sins out of the patient while the “healthy heart” is preserved and moves forward.”
The above is an actual quote. I’m not even sure the pubs are open in America at this time of day.
But Bill, the “sick patient” owns the stadium, and as you suggest, a CVA would be prolonged. Craig Whyte owns security over the stadium and your refusal to deal with him might make playing there…. awkward. Any creditor, like HMRC or Whyte, could and perhaps would challenge a disposal of assets like the one you suggest.
He goes on:
“Any suggestion that Rangers history is lost by such a process is preposterous.
“Using such logic, Rangers would not actually have a 140-year history as its current corporate structure was only created in 1899. To suggest that Rangers thus have only a 113-year-old history is absurd.”
We’ve explained this one before. Rangers were incorporated 113 years ago; “Real”. The same entity, owning the same assets, existed pre-incorporation as an unincorporated football club.
Buying and selling history is almost as entertaining as buying the Eiffel Tower in cash off a guy in a Bellshill pub. If it’s possible, I demand Celtic PLC get off their bums and buy the history of ancient Greece.
Bill adds:
“My offer is contingent upon the regulatory bodies agreeing that the club will begin play in the 2012/13 season in the SPL and that they will do so without any loss of points and with all historic titles intact.”
Ah, “contingent upon”. A condition; just what Duff and Phelps asked to be excluded. You’ve underplayed this one, Bill. If the SPL will agree to this they will surely agree to give you a 10 point bonus next season, just for being so nice.
“The time for talk is over. The club is in serious jeopardy of dying. “Real” [sic]liquidation is looming.”
I like this guy. He sounds like a “Real” level headed custodian for Rangers. Alas, I fear Duff and Phelps will be in sombre mood when next we hear from them.
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Don’t know about Billy Miller:
What is the darkest place in our country? Is it not the insane asylum of Ibrokes? These people, the huns, are the people who drift through life truly lost, unable to see into themselves at all.
Arthur Miller ( a right good Tim).
Anyone who hasn’t seen my Neil Lennon video, get watching and sharing.
It deserves more views imho
http://youtu.be/grVCwQ4_zXY
The Pantaloon Duck on 20 April, 2012 at 19:27 said:
Not listening to Clyde. Listening to The Band. I had forgotten just how magical they were.
RIP Levon. RIP Richard. RIP Rick.
me too m8
eletctic dirt + dirt farmer are good too
love the bands version of
dont do it
awesome
levon helm
drummer singer guitar mandolin u name he played it and good
Levon Helm – “Only Halfway Home”
short film full of music
for u
http://www.youtube.com/watch?v=tQ5Jl3zxabo
ernie lynch
Why would I quote that part about rangers in administration? Do you feel their current plight is an injustice?
Out of context? Do you want me to quote the whole book so it is all in context?
ffs…
They’re not There by the Zombies
Well someone told me about them, the way they lied
Well someone told me about them how many people cried
Well it’s too late to say you’re sorry
How would we know why should we care
Please don’t bother tryin to find them
THEY’RE NOT THERE !!!
Who is in charge of SSB ?
Is it Jim Delahunt
or Lorraine Herbison ?
And, are they both Tims/Ghood Ghuys ?
Jobo Baldie on 20 April, 2012 at 19:30 said:
*** EVEN MORE SHOCKING NEWS***
http://www.thekanofoundation.com/predictor.html
I reckon the team in 6th will enter an incubation period allowing me to buy the heart, history and points of this club, meaning I can disgard the team in 24th.
Still could be worse; at least Sannabhoy, Dick Byrne amongst others are trailing further behind. :-)
Well done to TTT, for getting this updated quicker than the outcome of the BTC!! :-)
HH
CRC
Is Jim Duffy always this stupid??
CRC –
Quiz tonight?
Jobo
Hoops on ITV 4 :)))
Heard first hand In a cafe in Stirling on Tuesday afternoon.
A wee old wifie, (whose husband was maintaining a discreet silence) she admittedly sounding more than slightly dited, proclaiming that she really supported no one, opined that she was so glad that Hearts had beaten Celtic because of the way those Celtic fans had recently been mocking Rangers misfortunes. She then added that she hoped Rangers would resolve their difficulties as they ‘were such a nice club’. Yep that was her exact words.
having a quiet Friday night in , no coaching duties tonight, so 2012 at 10 pm tonigt and beer for tonight is Furstenberg , going old school.
Any other favourite Friday night off bevvy?
Jobo Baldie on 20 April, 2012 at 19:30 said:
re -predictor score updated, you got me there.
Then again I still believe in the tooth fairy and that
someone will buy the huns.
KevJungle – “1st Flag on the JUNGLE roof for, Lennons Lions” on 20 April, 2012 at 19:43 said:
Who is in charge of SSB ?
Is it Jim Delahunt
or Lorraine Herbison ?
And, are they both Tims/Ghood Ghuys ?
—————————————————-
One’s a good guy, and she’s no’
i aint afraid of no zombie loving cup
:)
voodoo ecomomics
BSR
this deserves a special celebratory etcha-sketch
james forrest
Lots of good suggestions there;
The Man Who Knew Too Little: The True Life Story of Gordon Smith”
is outstanding :-) :-) :-)
Richie on 20 April, 2012 at 19:49 said:
……………………………………….
Thanks for that.
Although….she always sounds like one of the ghood ghuys :)))
Hail Hail
No money, no resources, no hopes: It must be the huns.
I see the hun as spreading disaster. I see the hun as a black curse upon the world. I see a long night setting in & that mushroom which has poisoned the world withering at the roots.
Whatever needs to be maintained through machination is doomed.
The huns have been singing their swansong ever since they entered the ranks of history. they have always confounded truth with violence.
Henry Miller (another good Tim) – talking about the Huns.
leftclicktic
i’m sure the Bhoys will make plenty of it
:)
hope yer well
TC
At the risk of party pooping.
I am still convinced that come what may, THEY will form part of next season’s SPL.
Evening Bhoys’n’Ghirls,
for those of you who are interested (not enough!) I just wanted to let you know that The Kano Foundation Predictor has at long last been completely updated!!
The Up-to-date League Table is now on the website……
….so VP and Che can pick themselves up off the floor (and for once nowt to do with the drink….well maybe not completely) and shut up their moaning now
;-)
HAIL! HAIL!
Token
DUFF AND PHELPS, the administrators of
Rangers Football Club, issued the
following statement tonight.
Paul Clark, joint administrator, said: “At the
end of a frustrating week we’d like to
provide an update to the fans regarding the
bidding process.
“It should be reiterated, however, that no
unconditional bid has been tabled by any
party.
“There have been a number of complicating
factors in recent weeks, not least the cloud
of possible further SPL sanctions against the
Club and the withdrawal of one of the
parties last week when it emerged they had
no formal agreements in place with their
partners.
“This, combined with uncertainty regarding
the role of Ticketus in any future ownership,
has led to delays that we and all Rangers
supporters would prefer not to have
occurred.
“Let me be clear – we could not have moved
more quickly during the past week as there
was not a bid capable of acceptance.
“Despite suggestions to the contrary, it is
not a case of the administrators refusing to
nail down their choice – we can only accept
a bid that is unequivocal.
“Today, we have seen the Singapore
consortium led by Mr Bill Ng issue a
statement announcing withdrawal from the
process whilst indicating the possibility of
launching a bid again at a later time.
“This has been reflective of the changing
position of bidders.
“We have also read the statement by Mr Bill
Miller that sets out a vision for the club, but
acknowledges it as being dependent on
possible SPL sanctions.
Deluded hun on SSB just asked why the 12 million from saverangers.com isn’t being used to buy them. I kid you not!
Jobo Baldie on 20 April, 2012 at 19:45 said:
same time same place
HH
CRC
Latest caller highlighting quite rightly that the contract with Sky that is on the table requiring Celtic play Rangers itself is counter to sporting integrity.
Roll forward a season and Rangers are in a battle with Ross County, St Mirren, whoever to stay up.
Its the same situation as needing to win the title to stay alive. Their opposition will have no chance if its them or Rangers, just as we had no chanceof winning the title since 2009.
The Sky contract that rewards Doncaster flies in the face of sporting integrity and the SFA should over rule it.
£12m
Lunatic
the_huddle
“border line hammered”
haha
Anyone any clue as to, when we’ll be seeing/hearing from
Sir Alex Thompson again ?
Hail Hail
Off oot
laters
Hail Hail
Snake
The Drive tune is great but no one really wants to watch 3mins of goals against Celtic :O)
At the moment we’re 18 points clear with 5 games to go and are already Champions. So to give it a wee edge for the next couple of weeks let’s ignore their points deduction and call it 8. Provided we win on Sunday we can then “win” the league AGAIN by beating Rangers on 29th to then go 11 clear with just 3 to go.
Championees!
anyexcuseforanotherpartyCSC
quonno on 20 April, 2012 at 19:52 said:
There’s a few deluded huns on SSB who share your optimism, can’t see it myself after Duffer and Duffest’s announcement tonight!
Hx2
Funny they cut off the next caller making my point above. They are either daft or know the score.
Guys, don’t know if it’s already been posted but just caught a video on YouTube there called The Laughing Tim by billy no we’ll….deary me, had to change ma shorts there! Absolutely hilarious stuff….
Sorry canny do the link thing!
Ok guys last call. I shall hijack no more from hereonin. Yer a diamond bunch.
Join up and make the server a cracker
———————————————————————————
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There are gonna be a few rules though. No shotguns, maximum 3 sniper per team (depending on team size) and I would like to have users turn off aim assist to make it a level playing field if at all possible but there’s no way off knowing if its done and its unenforceable, work on trust with that.
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The server is now up.
hope to see you there. many thanks.
Sorry for hijacking the blog Paul et al
:D
Craig Whyte in more financial trouble
http://www.bbc.co.uk/news/uk-scotland-scotland-business-17792104?
Raymy –
you’ve no chance as you’re up against the traditional 9.00pm Friday Night Quiz.
I’m off for a quick Breaking Bad Episode; back for 9.
Jobo Baldie on 20 April, 2012 at 19:55 said
That’s a fair point, not thought of it, another party what a shame :-)