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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quonno
It won’t, you’re wrong, I’m right that there will be no Rangers next season, but assuming they will be around, they will be festering in a pile of points-penalty, owing money, losing their players who could be out of contract by as early as Monday, no European football for three seasons with probably more sanctions and investigations. Either way, it’s a lovely day.
TTT
You at it / no update……………..Haud oan I might
be stuck on the old website from last century.
Thanks to Mrs TTT for updating the predictor site. As you can guarantee it wasnt mr TTT
Have to say im surprised to be 135 polnts in front
starry plough on 20 April, 2012 at 19:55 said:
The SFA and SPL are so rotten that all things are possible.
Even yesterday’s decision that Neil being banned from the dug out at Ibrox for half a game was sufficient punishment, smacks of a cover up for someone being extremely economical with the truth.
after 5 days still waiting for the first Hertz fan to say to me “that was a penalty”!!!!!!!!!!
Duff&Duffer still playing a blunder…
The chairman of Singapore top flight club
Hougang United also said there was “no
guarantee” his group would acquire Craig
Whyte’s 85% shareholding if they agreed a
price.
Duff and Phelps defended their approach
saying there had been no bid capable of
acceptance so far and Clark insisted Whyte
would not be an impediment, although he
denied his firm had ever labelled the owner
an “irrelevance”.
“I have always said that those shares will
either be given up in some manner or else
there will be a mechanism to acquire those
shares,” Clark said.
“I remain unerring in that view.”
Bloke109 is Neil Lennon on 20 April, 2012 at 19:59 said:
I sincerely hope that you are right. I just cannot bring myself to share your optimism.
Apologies for hijacking Raymy’s shoot you in the face extravaganza on Live and the best reason for staying in on a Friday night – the CQN Quiz…
If you are going out stop by the Goat where I’ll be playing records for your enjoyment
VP the last time the site was updated rangers were playing third lanark…..now theres an irony
snake plissken
Thanks again for your efforts. A wonderful view.
I fear yer right Jobo.
By the way, Breaking Bad is far and away the best show on the telly. The end is night, they are wrapping it after the 5th series. The end of the 4th is mighty
Its so good that i weep for joy at its splendour and glory
Go twisty bhoy valmina at 15-2
Che on 20 April, 2012 at 20:03 said:
Che ,I’ve heard of third Lanark,can’t place the rangers(unless it’s in their coffin)
All the old beggers can stick with the quiz, all the young hip kids like the folk i hing aboot wi can go blow stuff up and fly choppers into boats etc etc
Although the quiz might mean i sack the server….
Um….naw. Cost me 120 MS points, i’m sorted for the night.
Although, if i can get a regular squad i’d like to maybe make it a regular thing. Although not this week cos i’m at Gullane for 2 weeks on a course
Big churchy 19.57
http://www.youtube.com/watch?v=oqiXRNqPMwk&feature=player_embedded
HAIL HAIL
Again CW is being ignored he wants 30million to walk away but he is banned from trading shares so how does any deal take place??
quonno on 20 April, 2012 at 20:00 said:
It’s a question of faith Mate, a question of faith, I’ve been supporting Celtic more than 40 years and the faith that one day it would change never left me, that’s how my Father was and he died before it came true and if the huns go bust it’s still no guarantee we will get a fair deal from the SFA but it would sure be a step in the right direction.
I hope you and I are raising a half full and a half empty glass on Monday making the best pint ever!!
Hail Hail
If I win the €uromillions tonight I’m going to make a late bid. I’ll take kind SPL offer of a place for the newco.
Then I’m going to rename them Third Lanark or Gretna.
it is 12 mulliin ya bams…. cose me an a few peeple put up wur hooses n aw that as some kinda sure ity fur the big hoose…… aw yoo fenn yans wull be sorry cose we ar gont ae cum bak fae a posi …a posey ….. strongur
no sir ender
Rayme…I’d be right up for that…but I’m on the PS3. Hope you have a good one. Stand up straight soldier!!
So the final part of the panto starts…..
Buyer wants guarantees of no sanctions from SPL SFA ect … No titles stripped but a newco with its history intact!
Not happening !
New owner then concedes that they will have to start in 3rd division
But it’s aw their fault they will shout
No Europe for 3 years by that time they will be back in SPL
No debt
Media rights back
Merchandising rights back
No ticketus debt
But that deny wipeout is better than CL football!
Over 3 years will be equivalent to £45m per season sponsorship from you and I the honest taxpayer
Che
did you do the each way double too? The other one was placed
OldJungleBhoy
Unfortunate mate.
I always go engineer, i’ve yet to bag anyone with the blowtorch, although managed to destroy a few vehicles with it. Great laugh
Raymy, isnt the end of BB season 4 sensational?!! Dont talk about though as loads on here are still on season 3
Jobo, what episode in season 3 you on? Superb isnt it?
SFFS
was monda monday pened for the huns demise ,the lyrics are,
monday morning couldn’t guarantee,that monday evening you would`nt be here with me. lol how apt lol
http://www.youtube.com/watch?v=0DWrOIRBCQw&feature=fvst
Not one for doing spoilers SFFB, suffice to say the show is superb in almost all ways
I’m still on season 2.
SO SHUT IT YA BB MUPPETSZ
I just get the feeling that, as with Celtic, this will go down to the wire and someone will jump in at the last minute to save them.
Moonbeams, it gets all manner of awesome very soon
Watching ESPN Holland v Argentina
1998,World Cup.
Makes you think again why Numann and the De Boeres ended up at Ipox.
Now we know.
googybhoy,
Easy. EBT’s.
Lubo.
nipped over to the dark side and can confirm that the knuckle draggers on wallow
Lubo
too fast…..wiz my shot……….
have finally heard the penny drop
quonno
I am an accountant on my granny’s side and I have neither the knowledge nor the insight of a @rangerstaxcase or SlimShady on that blog, or an Alex Thompson or any of our own esteemed posters or host. I am however pretty good at jigsaw puzzles and the one I am piecing together just now may look a mess or may just look like the prettiest picture I ever did see.
Here’s a few for instances.
@celticresearch has tweeted today rumouring that insolvency specialists BDO are about to get involved.
One of the guys from Duff and Duffer has hinted at liquidation, and Sally has even mentioned it today.
There has been no resolution to the Craig Whyte ownership issue, his finances or his fingers in the pies. Likewise, with Ticketus.
There has been no resolution to the ‘floating charges’ owned by Whyte, let alone who actually owns Ibrox and Murray Park – there’s more to come on each, and it could even result in court cases.
Are Rangers current players signed to old thems or Whyte’s fledgling newco? I think the latter, hence the long-term contracts, but on this issue, the end of May the players revert to original wages – they can’t afford them.
The big Tax Case is imminent – could even be Monday (I’m thinking it will be) and this will move everything quicjkly.
There will be SFA/SPL sanctions to be played out, and further, I believe, UEFA will get involved in this (remember they owe Rapid – who’d have thought, a club we dislike playing a part in the demise of a club we dislike).
I really do believe that we have bitten off the thin edge of the start of the story, so to speak. Given the court case disputes to come, given that they are skint and cannot pay us, I see no end in sight. And this is before any sanctions for EBTs (all of the 2005 final league game were on them, let alone the Advocaat years, and let alone the ‘suits’ who are involved). I know where you’re coming from, and I have been like you in recent months. This time, there’s momentum and it’s growing. We ain’t seen nothing yet.
Momentum. Ye cannae whack it.
Twisty did straight double…yeah ah know!
Ended up with a good lift tho…..
Looks like onlu you and i were on!
the huddle
I thought the negative building to the positive makes the video to be honest
Che on 20 April, 2012 at 20:25 said:
Twisty did straight double…yeah ah know!
Ended up with a good lift tho…..
Looks like onlu you and i were on!
———————————————-
That’s what happens when you keep it
to yourselves ya pair of bams.