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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Fantasy is imagination unrestricted by reality #MustbeMillerTime
Son of Warsaw
i am speculating …
however …with the absence of any form of revenue over the last few weeks
my guess is they have no money to pay any ongoing debts ..wages etc
therefore they were heavily reliant on the preferred bidder cash…which didn`t appear
Starry Plough
• “As a final step in the process, I have held a series of talks over the past week with officials from the SPL and SFA in an effort to ensure Rangers play in the 2012/13 season without further points deductions, fines or other punitive sanctions, relating to either the terms of my purchase or the actions of the prior administrations, beyond those levied during the 2011/12 season. 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. I will not acquire the club unless I receive written assurances from both regulatory bodies to this effect. It is my strong view that Rangers and their fans should not continue to be punished in the future for the past failures of others. Rangers need a fresh start and I will always stand up for the Club.”
I believe Miller has spoken with Regan and Doncaster his proposal fits in perfectly with the new SPL proposals can hardly be a coincidence.
Looks like the SFA is being the BIG LIAR it is.
Hail Hail
Neveralone…
It is pre recorded on Clyde…
Jeez oh … Clyde actually running the miller incubator club story at the top of the news without newsreader breaking into a huge guffaw
Are they for real running this nonsense and passing it as a possibility ?
Can’t even claim to be a credible news outlet now
jungle jam67 on 20 April, 2012 at 17:36 said:
Got this off the bbc sports
Miller added: “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.
“It is my strong view that Rangers and their fans should not continue to be punished in the future for the past failures of others.
Take it he will be walking away as well. ;)))))))
================
and its my strong view that a hingings too good for them.
I just met a big Arab bloke cairrying a lamp in Sauchiehall Street…he says av tae rub it…canni decide between a Magic Miller Incubator or a flying rug…
STV, and the Bill Miller coverage brings embarrassing to a whole new level.
awe naw
coincidence ????,,,,aye right
Doncaster and co are up to their necks in it …shysters
Paul Clark on STV interviewed by phone from London. Said that Miller’s bid is credible and that a final decision on preferred bidder will be made on Monday.
Rangers deid by Monday!!!!!!!!!
Monday Liquidation unless there’s a preferred bidder.
Thanks Stevebhoy.
Just seen / heard Clark on telephone with STV.
Apparently if no better bids will go with Dusty on Monday!!!
‘Viable bid’
Cloud-cuckoo land
MSM having sit in protest at Iborcs until a new buyer can be found.
It could be as quickly as Monday.
From the rankers rumours site.
Do you want a bet you STUPID STUPID HUN
20 Apr 2012 15:35:21
rite ppl is it just me or with all the crap going on has everyone forgot season ticket renewal still is not out normally its out by now we still need to support rangers no matter who is in charge as it cant get any worse.
HAIL HAIL
Tick TicketusTock, ask not for whom the bell tolls.
The BIG INCUBATOR must stay open.
Go away BDO
too soon
too soon
ach alright shut that door and chuck away the key.
Cant stop laughing, gotta love Bill Miller, he is my hero.
HH
Mike
I have Champagne in the fridge, I canny drink on a Monday.
Damn it
Jim White putting a positive spin on the Miller statement. Miller now favourite to buy the hun -says Jimbo .
Paul67
Keep forgetting to congratulate you on a string of sharp, incisive posts…day after day
Quick,informative and always welcome
Don’t know how you find the time
God bless you and HH
M
Do the administrators pay TAX/NI on the players full salaries or on the % that they are currently being paid?
he certainly appears to have all the hun characteristics
we are the peole, we own the joint etc
blow torch comes to mind
Can you hide inside an incubator so you don’t need to pay your bills?
Listening to Clyde right now,,,what the hell are they talking about-Liquidation without Liquidation?????????????
A Newco but and Oldco at the same time WTF???
Hail hail
If the sfa buy into this miller bid and his required “assurances” then the game is well and truly a bogey
How can u “incubate” what u don’t want then bring them back to life
When yer deid yer deid … Liquidation means just that, why does everyone with a remote connection to that club want to rewrite history and rules to suit ?
Laws and rules mean nothing to any of them
tick tock
Awe_Naw_No_Annoni_Oan_Anaw_Noo on 20 April, 2012 at 18:03 said:
As I see it even if Zoomer A has talked with Zoomer A and Zoomer B, who’s going to take care of Hector and the bills?
Or do we expect to see Bill Miller standing on the steps of Ipox waiving a piece of paper signed by the SFA promising no sanctionsa la Neville Chamberlin, we all know how that turned out!!
Hai Hai
Paul67
I’ve no idea how you have found the time to spend with family, run your business, produce the CQN magazine, and manage this ‘sainted blog’.
What’s higher than Kudos ??
Over to Regan to spell out SFA’s position re granting Newco a licence when no provision to do so exists.
Time for Platini to lean or fold the game in Scotland.
We have been here before Bhoys, lets not hold our breath. We know how slippery they are i was hoping their torment would continue for a wee while longer.
If they liquidate BEFORE the end of this season they cannot get back into the SPL.
Dunfermline cannot be relegated and Ross County must come up.
Thems the rules.
So no incubated Huns then!! ahhhh shucks
Starry
Never any one of them had ever any intention of taking care of any bills whatsoever.
SIr David Murray, Dave King, Craig Whyte, Paul Murray
These people truly are the scum of the universe
Hail Hail
Mark Dingwall’s not gonna be happy! Simple not acceptable.
“There will be a mechanism to acquire the shares”
Liquidation Monday
They just could not say it
Bye bye ra gers
Good riddance ya bigots
Jam67
Who is Duff & Duffer’s Paul Clark trying to fool with that piece of utter nonsense,what a load of bull listening to that mince and he knew it