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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Just caught up with some postings from last night, noticed quited a few mentions on Alabama Shakes. Album is presently getting downloaded, been meaning to get it for a wee while. Do I believe the hype……..?
Apologies for not doing this by copy and paste,but has anyone heard from Gordon Waddell recently?
http://www.thescottishsun.co.uk/scotsol/homepage/news/4270196/Falkirk-is-giro-con-hot-spot.html
THAI TIM 0712
I’ve noticed recently that demolitions no longer reduce a building to rubble,they then put all the rubble through a crusher to make it easier to recycle.
So,to answer your question….
Almost!
If Rangers survive with an ‘incubation’ be prepared for another 10 SPL clubs going in to ‘incubation’ , and the SPL being renamed the Scottish Post-natal League
Thai Tims
To the heart of the matter from RangersTaxCase:
Most commentators on this saga believe that Rangers will be found to have acted illegally and were breaking UK tax law in their implementation of the EBT scheme. If / when this is formalised, the SFA & SPL face an issue which cannot be parried away without causing permanent damage to the Scottish game. The widespread use of the EBTs at Ibrox means that there cannot be any serious debate that Rangers fielded players who they could not afford during this period. Using illegal means to fund their playing staff was cheating. It is that simple. If by some miracle a CVA happens and Rangers survive intact or if the SFA/SPL allow Rangers’ membership share to be transferred to a newco, then punishment must be meted out. That punishment must be proportional to the fact that other clubs suffered huge financial losses as a result of that cheating. The punishment must also include consideration of the damage to the reputation of the Scottish game as well. Anything less and there will be little point in watching Scottish football. Anything less and it will be clear that it is a rigged game with a tilted table and loaded dice- all for the benefit of just a single club.
===============================================
It really is what this is all about. That is where the focus of all followers of teams in Scottish football must be.
Be out all day and most of tomorrow.
Have a good ‘un.
Looking forward to El Classico tonight. C’mon Barca.
Oh and if any Bluenosed lurkers are looking in I have a suggestion for a Blog name or indeed for ordinary people, a punk band name:
The Rancid Incubators
(Well it would be pretty rancid in there with 140 years of sectarianism, violence and cheating being kept festering, mouldy, but somehow alive…..)
Bye Bye Rangers
A grey, moist and pleasant morning here in North Ayrshire.
Wonder what defiant chants the huns’ll come up with today.
They’ll be ringing with staunchness and dignity, I have no doubt.
“The boy stood on the burning deck whenst all but he had fled.”
Neil canamalar
I feel the sarcastic alternative is now a safe strategy as we are virtually assured future success despite SFA/ MIB best efforts to thwart.
Imagine the fun we could have.
A mock happy Lenny does a post match interview in which he praises the ref for their outstanding performances. Praises them for getting big decisions right. Agrees that dubious penalty awards were stonewallers ..etc.
The best thing is the Huns would miss the irony. It would rightly belittle the SFA and perplex the press.
F- them!
hail hail the celts are here a unique take
http://www.youtube.com/watch?v=fvGuNWT8VZM&feature=relmfu
The excitement on FF and in the LL is palpable. The bloo knights are about to come riding to their rescue, with brian kennedy in tow (he must be the wee guy with the coconut shells).
Whyte, Ticketus and HMRC (they seem to have forgotten about them), 3 reasons it will end in tears. Silly huns!!
Oh for the FTT make public the rejection of their appeal on Monday just as the bloo knights hand over the cheque for £500k.
Carlsberg don’t do Mondays, but if they did…………………
RobertTressell on 21 April, 2012 at 07:43 said:
Looking forward to El Classico tonight. C’mon Barca.
Il give it a miss, financial cheating on a grand scale
Financial doping to the tune of a Billion Euros owed between the two teams
So it’s going to be the Blue Nile? No chance of Mr Plow, the Knights who say Ng have walked away, and Kennedy is nothing more than a weird self-publicist.
Then what?
The press this morning have Murray (P) wanting to hold urgent talks with all the senior players to persuade them to stay. Nothing about talking to RFC (IA)’s creditors, or trying pay back money they owe… No, it’s all about how they can maintain a competitive advantage secured over the course of 25 years of over-spending and tax dodging.
They really deserve everything that’s coming to them. Cowboy capitalism at its very worst…
zimmerman on 21 April, 2012 at 02:09 said:
Cowardice asks the question – is it safe?
Expediency asks the question – is it politic?
Vanity asks the question – is it popular?
But conscience asks the question – is it right?
And there comes a time when one must take a position that is neither safe, nor politic, nor popular; but one must take it because it is right.
One Neil Lennon.
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
2010 Never Again
Well said!
Your last sentence sums up Neil Lennon rather well.
There are some who are very subtly trying to undermine and influence opinion when it comes to the man who is our leader – Neil Francis Lennon
The Celtic Family united is a formidable force.
The Celtic Family united behind a leader is unstoppable.
Hail Hail to Neil Francis Lennon
Morning tax payers,
Breaking News from twitter… New Chineese bidder for Rangers Lee Kwee Dation
Also like the look of the red tops (Rangers thick news) .. https://twitter.com/#!/johan_mjallby/status/193497327825199104/photo/1
Lubo.
Alabama shakes play a gig here on bank holiday weekend -very intimate setting with a capacity of 400 -don’t think I’ll ever see them play here in kilkenny again or indeed in such a venue-can’t wait
Good Morning all,
Can I just highlight that 5 year old Niamh Curry is back in hospital this morning and is pretty poorly.
As many of you will know Niamh suffers the same Neuroblastoma Cancer as Vanessa Riddle, and Knoxy’s wee bhoy Oscar. Her only hope of a life of any meaningful length is if she gets treatment in the same specialist hospital in Philadelphia as Vanessa — and for that to happen she needs to raise £450,000.
As of a few minutes ago ahe had managed to raise £157,092.54, and although this is a significant sum, it is clearly short of target.
Can I therefore make a plea to anyone who is considering spending a fiver on a pint today, or sticking £5 on a Nap with the bookies, or buying a packet of fags or buying a book or whatever……. To do the equivalent of buying a couple of pints, placing a bet, buying a spare packet of twenty, or get an extra book for Niamh by simply making a donation here:
http://www.justgiving.com/NiamhsNextStep or by texting CURE50 £x to 70070
Every one who does that makes a real difference to this wee girls life.
Whilst others elsewhere ponse about and position themselves over the alleged need and social responsibility involved in saving a football club, or buying a share or a stake in the assets of a football club, I much prefer the image of a group of football fans coming together with a sum of money with a view to saving a wee innocent like Niamh.
It is what we were formed to do, and it is what makes us walk tall amongst all others.
Thanks for Reading.
Brogan
Words that huns ‘change’ the meaning of…………..
Football
Titles
Competition
Winning
Sectarian
Banter
Dignity
Administration
Liquidation
Contracts
Rules and Regulations (Red-Tape)
…………
I’m sure theres more,…….
but when you read the made-up, bonkers, pash that is concocted for the use of
Windy Miller aka( Blowhard No3, in a notorious series of indulged numpkins) then it really does make me feel that I’m living in a parallel universe, or at the very least peering into an alternative Hunderworld – a bizarre Sims world
Far Beyond Parody…….
I’m away out to the garden to use my new….. “Grifon” sp???
A thoughtful gift from my beautiful missus.
Now this is one way of putting it (daily ranger)
“He’d be looking to buy the company as a newco soonest but then try to get the old company back later on so yes, it would be a newco transaction in the first instance.”
My mind was racing with all this last night, and I couldn’t get to sleep, so got up and onto CQN at 3am, wrote a long post which, basically confirmed my view that this is not about football, more about culture, institutional bigotry / hatredand the pursuit of ‘fair play’, and that we had almost won the ‘war’ now…………then I hit a wrong key on this silly iPad, deleting my post …. LOL
Got to sleep about 4am………LOL
Ah well, off to read back the posts…………
BRT&H 0832
I noticed that another poor youngster died from this earlier in the week.
It is a truly horrible disease,and seems to be more common than previously thought.
Which begs the question,
WHY ARE THERE NO SPECIALIST FACILITIES AVAILABLE IN THE UK?
Shameful,shameful in a country like ours in the 21st Century.
Now, what do I know…? However, having had my usual scroll back my favourite 3 clips from the Friday Night Music Night shit are (in no particular order)..
Page 18 – 23:58 – Spririt Of Arthur Lee: loved the video
Page 19 – 00:58 – bankiebhoy: raised an early morning guffaw
Page 19 – 01:47 – Zimmerman: absolute quality and hadn’t heard that song in years
Wish I knew how to link back to those particular posts.
Hope tthe rain stays away for my Parkrun
Been otherwise engaged for a couple of days – have I missed anything? :-)
In what will be a doomed effort to explain the inexplicable, I should have a couple of posts up this weekend re Mr Miller’s unique approach to negotiation, and where the possible results of the creditors’ votes put Duff and Phelps.
For now, a quick post, based upon my secret contacts with my source, the Scottish Courts website!
http://scotslawthoughts.wordpress.com/2012/04/21/rangers-in-administration-and-ticketus-back-in-court-on-wednesday-25th-april/
A few criticisms of Neil Lennon creeping in again I see.
I agree that we did not play well against either Kilmarnock or Hearts, but by its nature football is a game where you can play badly and win.
I’ve no doubt whatsoever that had Fat Sally, a man inferior to Neil Lennon in any positive character trait you care to mention, taken his team his team to Hampden, they’d have a LC in the bag and be in the SC Final.
The reason I say that is that THEY would have been awarded a penalty for the challenge on Stokes, and they would NEVER have had that Hearts penalty awarded against them.
Until anyone can honestly argue I’m wrong about that, we don’t have a level playing field and while every other team in the league merely has to be good enough to win, we have to be MORE than good enough.
That’s not a sport.
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS on 21 April, 2012 at 08:38 said:
BRT&H 0832
Exactly, if all the tax dodgers in the UK, and I just don’t mean you-know-who, actually paid their dues there would be funds available for specialist units to treat poor children like Vanessa and Niamh!
BMCUW
You are absolutely correct in that it seems to be more prevalent than any of us just thought. In the last few minutes I have received another tweet concerning yet another child who is fighting the disease– 6 year old Jamie O’Sullivan.
We supposedly have an NHS in this country– a service that we are meant to be proud of and treasure– and whilst raising funds is all very admirable and worthwhile, I begin to get angrier and angrier about this.
I imagine that if any of my children were ever to be struck down with this disease my absolute focus would be on raising the money by whatever means to get the appropriate treatment for him or her. However each day my nerves would be shattered and at times my spirits would be low with the awful pressure of it all.
So, can I make a different plea to some of our more politically active members. Can you write to your MP or MSP or EuroMP and ask how in God’s Name this situation is allowed to exist– not just in the UK but in Europe!!
There must be kids from France, Italy, Germany and all over with this dreadful dreadful condition. Surely to God they cannot all be going to Philadelphia? Surely there must be some way to make treatment far more readily available and at a much lesser cost whereby families whose lives are already in turmoil do not need to rely on Bozos like me and others to try and drum up a few quid here and there?
There must be a better way than this. The treatment is known, it is established, it is successful, it is available– just not available enough or locally or at a reasonable cost.
This is economics playing with kids lives and to me, at least, it is just not acceptable that families should be placed in this position– time after time!
If you can spend millions and millions of pounds cocking up a set of tram lines then you can tackle Neuroblastoma!
CQN Saturday Naps Competition
Lads, for those who are in the CQN Saturday Naps competition, please go back and post your selection on the previous article :
(“Ng: D&P cannot offer shares”)
Alternatively, if you cannot access the previous article for any reason, then you can send me an email message with your selection to : fleagle1888 at yahoo.co.uk
All the best, fleagle1888
Morning Celts just back from a long walk along the promenade with the woofer, bliddy cold wind rolling in from the Irish sea……
As an alternative weather report, Melbourne is cloudy, but 26c for 001 bhoys barbie/ going away party……. I’m sure the sun will come out for that.
V
BROGAN,ROGAN,TREVINO and HOGAN
I’m not in the habit of writing letters to MPs,though four letters are used frequently about them.
But I think you are right.
It IS time to make a stand about this,it IS time to get off our fat bahookies and try to make a difference.
I’ll get one done over the weekend-I want to make sure I have as many facts as possible-and send it to a few people who SHOULD be made aware of this,and can pursue it further.
Lack of funds is no excuse,proper allocation of existing funds should be the answer.
I wonder if George Galloway fancies trying his hand at a bit of public rehabilitation?
Wonder if the LL will be covering the Thai Tims visit…….will be the first time I will have heard them mentioned …… (more evidence, eh ?)
Phenomenal morning here in Rebel Cork
bit damp overnight but a grand day for the gardening and moving stuff from one shed to the other…..
…….sheltering from a giant ‘Mumble Bee’ at the moment.
Huge and fuzzy wearing its own wee Celtic Away top…..talking to itself as it inspects the Pieris and Hellebores…..
Jobo Baldie @ 8;39
Could be deleted by the the time you get back!
;0)
CQN Saturday Naps Competition – Week 36 Results & Standings
HUGE WELL DONE to Som mes que un club who napped last week’s Grand National Winner (Neptune Collonges @ 33/1), and as a result, rockets to the top of the naps table !
…and an honourable mention to Bull67 (Saint Are @ 11/1)… great tipping lads.
+£18.05 Som mes que un club (4)
+£15.00 voguepunter (5)
+£10.83 fleagle1888 (7)
+£ 7.75 Cathal (8)
+£ 2.58 bobbymurdoch’s winklepickers (7)
+£ 1.00 tommytwisttommyturns (3)
-£ 3.04 Rockon (10)
-£ 6.25 Raymac (5)
-£10.25 Eurochamps67 (6)
-£10.25 What is the Stars (4)
-£11.25 BULL67 (3)
-£13.00 wolfetonebhoy (4)
-£13.50 twists n turns (3)
-£23.00 Che (2)
-£26.50 hunza rugli (2)
-£27.50 PFayr (2)
-£30.00 The Token Tim (1)
-£36.00 oldtim
*No selections from – Eurochamps67, hunza rugli, Rockon, wolfetonebhoy
Cheers, fleagle1888
The kid has a short memory
GERRY COLLINS last night told Islam Feruz his foul-mouthed Twitter rant has desecrated the memory of Celtic legend Tommy Burns.
The Chelsea kid posted an expletive-laden comment on his account yesterday denying claims the Parkhead club had played a role in helping his family fight deportation from the UK six years ago.
But Collins, a close friend of Burns from childhood, claims Feruz should gets his facts straight and show more respect to the man who “fought tooth and nail” to keep his family here.
The intervention of then youth boss Burns was instrumental in stopping the family being sent back to war-torn Somalia.
But Feruz tweeted a furious rebuttal during an online blast when he gave his version of events.
He tweeted: CELTIC did f*** all with me staying in this country, get your f****** facts right and stop going with the story u read in the daily record!!”
The 16-year-old moved to Stamford Bridge in a cut-price compensation deal last summer and Collins insists the striker has disrespected the man to which the player owes everything.
He said: “It’s disgusting what the boy has said and shows a terrible lack of respect for everything Tommy did for him and his family. He hasn’t achieved anything yet in the game but I can tell him this, whatever he does go on to achieve in football will be down to Tommy Burns and he should be eternally grateful.
“I remember Tommy telling me he had discovered a gem but the Feruz family were facing deportation to a war zone and the issue became something Tommy fought tooth and nail to prevent.
“Football was a secondary issue, it was an act of humanity and compassion from Tommy, which was typical of the man.”
Feruz, who was raised in Castlemilk, Glasgow, made history as the first asylum-seeker to earn an international call-up under FIFA’s new eligibility rules when he represented Scotland’s Under-17 side two years ago.
And only this week Scots Under-21 boss Billy Stark named the striker in his squad for next week’s friendly against Italy, which will make him the youngest player to pull on the Dark Blue jersey at that level if he takes to the field.
But Collins believes the talented youngster should remember that international recognition comes a distant second to how you represent yourself as a person.
He said: “It’s hard to put into context the lack of gratitude this kid shows with these comments, it’s very sad.
“If Celtic did nothing for him then I would ask what moving him and his family from Castlemilk into a luxury flat in Charing Cross was?”
Feruz also posted a remark about his lack of progress during his spell at Parkhead and gloated over his role in helping Chelsea to the English FA Youth Cup Final.
He tweeted: “Heres a fact for you tweeps … 6-7 yrs at celtic n never reached a cup final, one year at chelsea … What happens??”
A song for the manager of the champions of Scotland 2012
Port Glasgow CSC Cara McCann Singing A Song For Marcella
Stand as ONE.
What a crock of ….
Walter Smith oh the dignity
TimJim
I am sure if and when Gerry Collins ever gets a hold of that little rebribate he will throttle him…clown of a boy…
I hope he achieves all he deserves in the game…… he haw….
Glasgow Rangers – Wife beaters
Dear Islam Feruz,
I hope you get everything you deserve.
Yours sincerely,
Philbhoy