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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PFayr I’ve seen ikea sinks wheelin and dealing on CQN, no seriously.
V
Don’t look forward to the day you stop suffering, because when it comes you’ll know you’ve been liquidated.
Tennessee Bill
sky sayin miller has no plans to liquidate
blah blah blah
Raymy on 20 April, 2012 at 17:04 said:
Cheers for the heads up, hopefully be ably to join you. Look for LightingMonkey1.
Time is the longest distance between two takeovers.
Tennessee Bill
Jumped into sainsburys for some cava & half price cornettos, any news on liquidation?
Been confirmed staff were sent home early from Rangers. No reason given and not normal course of business.
Something is afoot……
CelticResearch Twitter:
Why have Insolvency firm BDO sent employees an urgent email asking if anyone has a conflict of interest with Rangers. Imminent appointment?
RogueLeader on 20 April, 2012 at 17:09 said:
Interesting. It’s years and years since I was there, which I should have said, so it’s clearly all changed.
Miller’s statement allows blame for the failure of his bid, and for the inevitable liquidation that will follow follow, to be placed at the door of the SPL for failing to give the necessary undertakings.
It’s almost as if it has been written by Jolly Jack Irvine, to deflect attention from his clients, David Murray and Craig Whyte.
I Started Some Ng I Couldn’t Finish:
http://www.youtube.com/watch?v=ZS31BD_KYAc
Nice one minger, I’ll be on from from around 7 ish
RogueLeader
Was the shout…………….. ‘Go home ya Huns?’
LB
My dictionary reveals that incubator and incubus share the same root:
incubus |ˈiNGkyəbəs, ˈin-|
noun ( pl. incubi |-ˌbī| )
• a cause of distress or anxiety: debt is a big incubus in developing countries.
• archaic a nightmare.
Perhaps Bill Miller mis-spoke.
Maybe the Germans are making a comeback, remember them? This really is the hokey kokey
LiviBhoy on 20 April, 2012 at 17:04:
“I don’t listen to them. I just read the rage on here.
“What’s the numbers?”
No idea. I don’t listen to them either. I can’t understand why anyone would want to speak to people who basically don’t know their arses from their elbows.
Every pub in the country has characters like that – generally you give them a wide berth rather than canvassing their opinions or getting into any kind of discussion with them. Life is really too short.
But I wouldn’t encourage anyone to call those jokers.
Hail Hail
Was there not a meeting called with creditors today as part of the administration process in order for the creditors to OK D&P continuing the process?
Is the PC just to say that the have agreed for D&P to continue.
Mind continue what is the question?
Anyone seen a fat lady singer down Iborcs way with pigtails and a viking helmet?
Some early Friday evening easy listening:
http://www.theincubators.net/
Don’t forget to press play at the bottom of the web page if you get my drift
James Edward McGrory 408 goals in 408 league games on 20 April, 2012 at 15:08 said:
Thanks for mentioning Alabama Shakes. I hadn’t heard of them so, as I love southern rock, I checked them out on YouTube. Superb, absolutely superb!
Hail Hail
DJBEE
Looking at the women down iborcs way..
How do you tell which one can sing :-)
RRC
The one without the sausage roll in her face
Mingwall saying the staff weren’t sent home
DJBEE
LMAO
Fast
My dear,dear,dear,friend… Kojak..
Hiya, Pally??
Great tae meet.
Bill Miller is Wan tae watch.
and.. even if He turns oot Tae Be .. well
Actually.. a .. First Class KOOK..
Since, Ah like Ye,pal.. Ah wull Gie ye this Piece
of advice..
“Beware ,o’ Wise Guys… in.. FOOLS Clothing!”
There is an auld Saying.. which we used tae …well… Say!
aroon the Campfires, when We went oot Camping in the Campsies..
When Ah wiz a Callow Yoof.. In Scotland..
and it went like this..
“Kid Yer Daft..and Getta .. Hurl .. Fur Nuthin’!!”
And Ah never furgoat that saying..,
Shoot. Ah hiv Practised it..
Maist o’ Ma Life!
Fur..
It WOIKS!
Yep..It surely .. Woiks..
Fur Ah hiv HId a Great Life. and Hiv Enjoyed.. Enormous Success in awe awe Ma Ventures..
Kojo
Yer pal…who likes ye aloater than even Aloater.
Still, Laughin’..
Kojo, the more I hear about Bill the more suitable I think he is.
<a href='Rangers Crimewatch‘ target=’_blank’ >Rangers Crimewatch
Just about sums it up!
Hail Hail!
RobinBhoy
Rumours are that Bill Miller may be a Scientoligist
Thats just science fiction says Ron L Hubbard
PHILS latest
http://www.philmacgiollabhain.ie/the-incubator/#more-2484
weeminger on 20 April, 2012 at 16:52
————-
The big question now is-
Did you have an EBT?
DJBEE on 20 April, 2012 at 17:13 said:
Do you mean this one? :
http://i39.tinypic.com/2jbtrna.png
Said Whytey to Miller I think we should talk.
If you try this without me then you’ll have to walk.
Everyone knows that i own the team
And to take them from me tis just a dream
I bought them last year for merely a pound
The players, the assets, yes even the ground
Its now 30 million, no more or no less
And I couldn’t care if i’ve left them a mess
Murray said i duped him or did he say conned
I cared not a jot, as Arsenal shares were pawned
Im selling more stuff but their not going cheap
What use is this bike when i’ve got a jeep
Im not in the country, today im in France
And the huns are all ragin i’ve lead them a dance
From all over the world they’ve all walked away
the latest from Singapore and thats just today
Now we have Miller could this be his time
It doesn’t look likely he’s got just a dime
Till monday he waits at the back, in the wings
but if its too late the fat lady she sings
Where are the Scotsmen do they want to play
Some where here last week why not today
Not him of tall stories an fables untrue
An account he is with his knights of blue
So come buy the rangers theres not even a queue
they’ll sell them to anyone, even to you
so bring all your money and raid your kids banks
The famous glasgow rangers supported by………….
Sir Paul..
Ah am Pinkety , Pinkey Wi’ You,in Thinking. THAT!
Bill.. is.. the Perfect Summer Replacement fur.. the
Conniving Whitey.. and Ah am convinced if Bill gets the Nod..
We wull be in fur Even Mair..
Tales of the Unexpected.. issuing Forth fae the Ibrox
Boardroom.
Kojo
Still, Laughin’
This is absolutely hilarious. You could never make this stuff up.
Pantaloon Duck :)
what’s the latest on the biggest story. where is the sink
RogueLeader on 20 April, 2012 at 17:09 said:
Been confirmed staff were sent home early from Rangers. No reason given and not normal course of business.
Something is afoot……
======
Its a cunning ploy to save money on the lecky and gas bills.
Dublinbhoy on 20 April, 2012 at 17:14 said:
No problemo, it was actually Gordon_J who brought them up first today though ;)
They are certainly one of the best southern rock bands ive heard in a long time, I’d put them up there with
This band
Is this the fat lady singing?
http://www.youtube.com/watch?v=tb8iH3F28LA&feature=player_detailpage
looks like a follower of the Goven bankrupts