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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http://timesfreepress.com/news/2012/apr/07/miller-industries-chief-may-buy-broke-soccer-team/
Ah yes the old Chattanooga Shuffle
these statements are getting better by the day, can just imagine the live coverage on sky sports, the crowd waiting with bated breath, jim whyte nervously fiddling with his piece in the studio, mcmoisty is on the marble staircase remnants of a bridie in one hand, a yum yum in the other, an irn bru in the other oh wait that would mean he has……anyway… dusty miller reads out his planned ibrox incubator approach, the statement ends, hushed silence…anticipation…and the piece of music played at the end of eastenders kicks in.
5pm on a Friday is an odd time to talk to the press.
Was this supposed to be the announcement of a preferred bidder? But will it instead turn into a plea for a bidder, any serious bidder? And a new deadline that isn’t really a deadline but just a further delay for yet more discussions.
Or perhaps they just want to explain to Bill Miller that Rangers has no heart and so his plan for a Zombie Rangers to be grown in an incubator is doomed to failure.
You were so ugly as a baby, your incubator was tinted.
or was it tainted ?
Hail Hail
incubator for all those young talents that are coming through
Let’s hope Duff and Duffer do not put all their eggs in the one incubator.
Is that Glen Miller?
@Kojo
Thank you for that information on Mr. Bill. I’m feeling much better now.
You buy sixteen Huns, what do you get?
Another day older and deeper in debt.
Saint Peter, don’t you call me, ’cause I can’t go;
I owe my soul to the HMRC
-’16 Tons, by ole Tennessee Ernie Ford
I thought the Republican party were struggling to find a leader to take on Obama. !! This guy is perfect but the lure of owning the Huns must be sooo strong!!!!
And now the end is near and so I face the final curtain – ha ha.
Never has the Sidney Vicious version of My Way seemed so appropriate.
http://www.youtube.com/watch?v=WIXg9KUiy00
For older viewers: It’s Friday, it’s five o’clock, it’s … ?
An old Miller Classic
Paddy me Bhoys
Is that the Chattanooga chew chew
Sir Paul
Some People, may say…,
“Bill Miller Is a Hoot,
and is Nutty as a Coot.. ”
Howevahhhhhhh..
Ah may say…
He is Crafty as a Whytey.
And He should No be Taken..
Lightly!
Kojo
Still Laughin’
…Live from Norwich??
Green tide on 20 April, 2012 at 16:24 said:
Don’t be so sure about L Bomb.
More likely name of preferred buyer.
can we make a couple of star signings and have them ready to go for L-day ?
roll them out as and when…
ladies n gentlemen of the gathered media, i’d like to introduce to you our 2 new signings…striker andre-pierre gignac and on a one-year rolling contract…allesandro nesta…
oh and by the way, rfcia have just been liquidated !
:)
It can’t be L time can it?
I thought they said they would make it to the end of the season? They now have incubator Bill. Curious to say the least.
I’m going to the dentist on Monday I’m Gonnae tell ton Che dans wee sister ( who works there) not to bother with the laughing gas, just give me an update on the Hun fake-over.
:>)
V
John Cravens Newsround
Billy Connolly and Kevin Bridges must be worrying .. They are GENUINELY funny but the RFCIA story is challenging their status as great comedians..
Some 20 mins till we smell liquid and/or toast so off main topic a minute…
Re earlier new kit rumours (thanks KC) of new style badge (125 years) and socks, just speculated with myself (I should get out more) whether socks might be black?
Have seen photos from early last century with what looks like black with green trim hose.
Of course they were b&w photos so could have been blue & red I suppose!
HOW ?
I would like duff and duffer to announce that the process has been hampered by mutants from the swamp phoning them up all day, he he.
So what exactly is being announced at 5 pm?????????????
Hail hail
TopCorner , TC, you trying to cause trouble?
SFFS. THE Eiffel Tower is a very valuable item. Worth £1bn but I am a little short for a the greatest deal in business history today so if you can buy within the nex 10 minutes it’s yours for £100 cash.
RogueLeader, I don’t think we’ll get to keep any of them.
theotherhalf, ha!
Auldheid, indeed.
Steinreignedsupreme, yes.
Kojo, Bill will do nicely. A perfect folly.
Bill Murray films –
All You Need is Cash (1978) **
Nothing Last Forever (1984) **
The Man Who Knew Too Little (1997) **
The Loyal Ten Bams (2001) *
Zombieland (2009) **
Moonbeams Kingdom (2012) *
Urcyl
* These titles may have been subjected to the Awe_Naw treatment . . . .
** These titles have not been subjected to the Awe_Naw treatment . . . .
I so excited i could crush a grape
Gordon_J backing Neil Lennon on 20 April, 2012 at 15:30 said:
Yeah I called them (king tuts) a few weeks back and was told it was sold out but to call back nearer the gig as they sometimes have some extra that dont go on general sale. Not too fussed tbh as I’ll be seeing them at T in the Park but would have been excellant to see them up close at KT’s
HH
neveralone on 20 April, 2012 at 16:41 said:
we wore black socks up to 1932, the original hoops (1903) was black socks so a 125th anniversary kit could conceivably have them
weeminger on 20 April, 2012 at 16:30:
Tennessee Tim on 20 April, 2012 at 16:22:
I think it is safe to assume we are about to enter the liquidation process.
They surely can’t set yet another deadline. The time has come to let the Huns know they are officially finished.
theweegreenman – in essence you could look at it that now there are NO bids on the table.
All parties have walked away, and by D&Ps own say so, all have significant distances to go to remove their bid conditions.
D&P may now be at the point where they have no prospect of selling the club to somebody willing to contribute to a CVA pot. If they just continue trading, diminishing the pot of money they do have for creditors, without reasonable prospect of avoiding liquidation, they could be in some bother.
I wouldn’t be surprised if the L word is mentioned officially very soon.
Depends on D&P’s point of view….
Erm can the Huns not team up with the wee Huns and maybe some crook will take a 2 for 1 deal.
V
Have not stopped laughing since that miller statement on Ssn
I smell sh@ite
Unless some cretin comes up with the £500000 then it will be the end of the bigots fc
Havingapartywhenthehunsdiex csc
‘A Streetcar Named Dignity’, by Tennessee William
“I don’t want realism. I want magic!”
– Craig Blanche du Bois
Kojo
Kojak here
Ol Billo should have his sobriety calculator checked.
Kojak
yer pal who always has time for You!!!!
Luvin this rhebel tune.
http://www.youtube.com/watch?v=TsjjE8jXDts
The bitter one that sits near me is now slumped so far down in his chair I almost can’t see his head.
FF poster whose wife works at Snake Mountain said all staff sent home at 4pm