Comments reported today from Paul Murray, Rangers director during their infamous EBT period, get to the heart of the immediate problem facing Duff and Phelps. Murray said:
“On Monday I made it clear that, in the best interests of the club, the Blue Knights were prepared to take a step back from this process.
“We did so because we did not want to further delay the absolutely critical task of selecting a preferred bidder.
“But we also made it clear our offer was still on the table.
“Now, in the light of the lack of activity over the subsequent 48 hours, I am reconsidering our position.”
Murray’s Blue Knights, no doubt in common with all other bidders, were offered a period of exclusivity as preferred bidder in return for paying a non-refundable £500k. The Blue Knights declined and no one else has been prepared to put their cash on the line.
The Blue Knights are “reconsidering [their]position” about what? They left their bid on the table and refused to pay the £500k. If they reconsidered this can only mean they have removed their bid completely or they have agreed to pay the £500k.
The last thing Rangers need is another blowhard using a compliant media to make people believe he will put cash on the table without actually doing so. Murray goes on to use phrases like “absolute urgency” without realising put up or shut up time happened weeks ago. Liquidation draws near, if he cannot pay to become preferred bidder he is a (welcome) distraction.
You would have thought this guy did enough damage when he was director during the EBT years! It’s almost like there is a group of malevolent CQN’ers teasing the administrators with promises and media campaigns in an attempt to consume all available rescue time. Every couple of days one will pop up full of bluster and inaction. We’re talking about £500k for a consortium presumed to have multi-millionaires; so what if they lose, the cash goes to the creditors and surely it’s worth taking the chance?
If it was Celtic, you, me and thousands of our friends would have put the cash on the table weeks ago.
The most recent deadline to appoint a preferred bidder is tomorrow. If Duff and Phelps cannot do so you can be assured that there are no proper bids.
As we have said from day one, despite Duff and Phelps magnificently inaccurate “irrelevant” comment, there is only one show in town and that’s Craig Whyte. More on him, and why he’ll not walk, away this afternoon.
The charity auction on eBay for a unique Neil Lennon painting ends at 20:44 BST tonight. This guy’s image is worth more than any other sportsman, we’re now over £4k! Rumours of the decline of his legend are completely fabricated.
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228 Comments- Pages:
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Paul
Spot on headline it says it all. Totally agree that if there was a half decent bid on the table D&P would be naming a PB. Kennedy’s previous bid was so ludicrous that it was dismissed immediately so I do not see his next one (if he puts it on the table) as being much better.
I think as has been said previously the ‘best bid’ is probably only marginally better than liquidation to the creditors and probably has the big L as part of the process anyway.
If no-one is willing to put the 500k up front they either have no real money available or realise that ‘Craigiebhoy’ still holds all the real assets. Look forward to your update this afternoon.
Lets hope this sad tale is liquidated soon..
Awe_Naw_No_Annoni_Oan_Anaw_Noo on 19 April, 2012 at 13:07 said:
So as I stated before it was a convenient tub thumper for Maggies relection and part of the UK government Oil exploration portfolio.
Mate,
Michael Foot and the Labour party voted in favour of sending the task force.
Was he seriously voting in favour of Maggie`s re-election?
The current Argentinian leader is a “socialist .”
Gordon_J,
Don’t know if it’s been mentioned on CQN yet but I read on KDS yesterday that Lawrence Tynes will be doing the Windfall draw at one of our remaining home games this season.
macjay1
Yes stupidly he was and she did.
A bit like new labour and Iraq today.
They will never recover from it.
Hail Hail
Steinreignedsupreme. Ha!
David Peter Deans, the bar for prosecution and conviction for tax evasion his high. One of two of the current actors will be worried but most Rangers directors should be OK.
deekbhoy, agree.
Mort on 19 April, 2012 at 13:18 said:
deliasmith
there is offcourse another more obvious way for the “home ” teams to increase their revenue when playing the mighty Celts.
Give us more seats, at a slightly cheaper price.
Never on our travels do you see the home sections of the grounds sold out. Smart thinking chairman would limit season books at their own grounds to certain stands, or sell them with a statement that seats would be reallocated for class “A” matches.
Every game Celtic play hundreds, if not thousands would attend,
well in a fair, proper regulated, honest league they would.
Awe Naw
Agreed.
Don`t mention Afghanistan.
Please.
Any news abt Neil yet?? Hope they dont know abt the amber light he ran the other day!!!
Dick Byrne,
Thanks, I had heard he was planning to come to a game, but not about the draw.
A Greenock bhoy made good – by getting several thousand miles away from Greenock!
Hi Paul,
”You would have thought this guy did enough damage when he was director during the EBT years! It’s almost like there is a group of malevolent CQN’ers teasing the administrators with promises and media campaigns in an attempt to consume all available rescue time.
Are you suggesting? If they was a covert Celtic-minded composium posing as Rangers saviours but were in-fact malicious malingerers bent on the destruction of The R@ngers they couldn’t have done a better job.
Let me think about that…………….. Yep! Spot on as per.
Hail! Hail!
Paul67 et
This whole process reminds me of the punchline in that old joke, you know the one where the guy from Glasgow is stranded, lost out in the Mojave desert, surrounded by marauding Indians (I did say it was an old joke) no water, no ammo (ditto), and just about to give up on life when he hears the sound of a bugle in the distance. (Rooty toot toot) Salvation he thought, the US Cavalry to the rescue? No, it was the rag man from Partick, he was lost as well!
Former Rangers star Alex Rae is concerned Ally McCoist will lose many of his top-team stars
FOOTBALL managers all over Europe are usually at an advanced stage in their preparations for the new season at this point in April.
The exception, due to the massive uncertainty surrounding his club’s immediate future, is Rangers manager Ally McCoist.
While his Old Firm counterpart Neil Lennon will undoubtedly have identified a host of signing targets as he bids to improve his Celtic team on the back of winning the championship, as will the other SPL managers to a lesser degree, McCoist doesn’t have that same luxury.
AND NOBODY PREPARED TO PUT THEIR NAME TO IT
Club rugby in Europe is getting bigger and bigger. Would the SRU knock back the use of Ibrox for a fee for Glasgow rugby?
Would English fans be more likely to travel and attend a match in Glasgow if the ground was better?
The capacity would be reduced at Ibrox for rugby. The main stand and probably the club deck would be of little use. Anybody been up there? Saw the Hoops play Hibs from there when Hampden was being rebuilt. I couldn’t even see the Govan stand. Why anyone would want to sit in there is beyong me. It can’t be safe. It’s like watching a match from the sky!
The areas at the back of Ibrokes can be fenced off like Murrayfield for food and drink kiosks. There are good transport links and parking areas. This guy knows what he is doing and club rugby will take off in Scotland. No matter what anyone thinks regarding us being a football nation rugby is a sport on the up. Scotland may be a poor team now but the game has changed in recent years and is becoming much more proffessional. Glasgow rugby will play at Ibrox if Kennedy gets the keys to the stadium. Please note what he says in the press. He wants the keys to the ground. He also mentions wanting to save the RIA but I suspect that he will put more energy into making money out of the asbestos arena.
LB
How many British keepers failed to make the Olympics squad ?
I presume the best goalie in Scotland and only just turned 24 failed to make it
Why all this hulabaloo about Mc Gimp ?
Hail Hail
Gordon
If your name was Murray wd buy summitt off sumdae called Murray?? lol
iki on 19 April, 2012 at 13:12 said:
Just listened to SSB.
———————
iki, a point from last night thats irked me today.
Its often talked about the “cosy” relationship between the SFA, Rangers, Refs etc.
Peat celebrating huns goals.
Referees with season books at ibrox
Several dozen appointments of Huns to the SFA, and a few notable Managers back the way.
while getting put to the cosh last night, on Syme, Andy Walker
http://www.talksport.co.uk/radio/richard-keys-and-andy-gray/120419/jackson-next-few-hours-are-going-be-crucial-rangers-170157?
j j
What abt tick took, tick took?
Saint Stivs on 19 April, 2012 at 13:35 said:
iki on 19 April, 2012 at 13:12 said:
Just listened to SSB.
———————
iki, a point from last night thats irked me today.
Its often talked about the “cosy” relationship between the SFA, Rangers, Refs etc.
Peat celebrating huns goals.
Referees with season books at ibrox
Several dozen appointments of Huns to the SFA, and a few notable Managers back the way.
while getting put to the cosh last night, on Syme, Andy Walker
let go with the gem that Andys dad used to rent the family villa in Spain to David Syme.
Are they gone yet?
If you think it through, there will be 50,000 ex rangers fans with nothing to do on a Saturday but shop with their wifes…
Maybe they will all take an interest in Rugby.
Awe_Naw
Re Falklands
Know what you mean but about the Labour party vote but the fact is that the Argentinian junta in late 70s/ early 80s was a brutal facist regime that killed many thousands of it’s own citizens as well as over a thousand foriegn, mostly european, nationals.
Regardless of how you feel about Thatcher to just sit back and let that kind of regime take over 5-600 of your own citizens is just not on.
The difficulty is assessing that war springs from the fact that she made so much political capital from it, that single point has obscured almost all logical analysis. Truth is the UK was caught completely cold by the invasion and the Argentinians never thought the navy would actually be sent (their reasoning for this was that we hadn’t sent the navy out during the cod wars of the 70s!).
Also interested in your planting the flag claim. My understanding was that the French were the first to colonise the islands and the British removed them in 1833. What’s your source for the flag claim?
Margaret Thatcher,Antarctica Snatcher !
Britain lays claim to South Atlantic seabed.
Hang on…2008 ? Didn’t we have a Liebore Administration just about then ?
Best bit of business The Charlatan and The One-Eyed Ogre ever did for these Sceptred Isles….
Don’t quite know what came over them..
(Thumbsup?).
Oh….Up The Hoops !
AndyM on 19 April, 2012 at 13:40 said:
(their reasoning for this was that we hadn’t sent the navy out during the cod wars of the 70s!).
Saint Stivs
Yep but then it would be more like a home team for Celtic and could have a negative impact to the teams.
Kenny Shiels mentioned this after Celtic took over Rugby Park a couple of weeks ago.
There is capacity at all grounds if the clubs really wanted to do something proactive, they could. However it seems they are content to have Celtic looking after them.
Mort
Interesting use of we!
philvisreturns on 19 April, 2012 at 12:54 said:
Awe_Naw_No_Annoni_Oan_Anaw_Noo – (from earlier on)
I could not give a rats posterior for the Falklands Islands and I would not want the blood of my sons or anybody elses sons spilled because a bunch of chancers feared “political fallout”. A self perpetuating and self defeating myth. However now I have got that off my chest here is a true Falklands story.
After the war was over (cue a song?) there was in a meetting in the Foreign Office to discuss who would replace Governor Hunt. Various names were bandied about and one of the participants was a well know fop of homesexual tendencies with the necessary rank. Lets call him Roy Eastpond.
As one name after another was discarded the Minister looked over at Roy and asked
“How about you Roy?”
To which Roy replied
” Don’t be silly Minister, if it wasn’t the sailors it would be the sheep”.
Terry Pratchett wrote an excellent book called JIngo that ripped the p out of the whole notion national pride based on banner waving thinking. Pride in the best of what is in us as people is what matters not the flags we wave.
DBBIA , yes got your email. cheers. Good idea – we’re on it.
Sanna
Gordon_J backing Neil Lennon on 19 April, 2012 at 13:26 said:
Dick Byrne,
Thanks, I had heard he was planning to come to a game, but not about the draw.
A Greenock bhoy made good – by getting several thousand miles away from Greenock!
——————————————-
he is really a Port Onion.
so there.
RE: Rugby
Whyte looks like more of a rugger man than footie.
All makes sense now!
David Prowse
That’s what 15 years of working with the civil service, including 5 with the navy, will do to you!
Sir Paul
Correctomundo, My Deah Sir!
The Last time Ah checked.. which,wiz aboot Two seconds Ago..Ah Noted that..
“Possession,is Nine Tenths o’ the Law.”
So..
Who, is the Present Legal Possessor o’ the Scabrous Deed ,tae
Murray’s Folly?
Yep.. Yo’ Shure Goat it, Boass… It Be … Thur Man.. Whytie!
Although, Whytie, is No Longer Sitting at the Head of the Ibrox Roon Table,in the Boardroom..
( Which is no an Easy Thing tae Dae! Fur, Hiv YOU ever tried tae FIND. where the Hell the Heid of A Roon Table.. is??)
Whytie’s, Spirit.. is Right there.. Crouching, in a Daurk and Mysterious Coarner… of the Ibrox Board Room.. (Which, IS .an Easy Thang tae FIND!..as thur ur Plenty of Daurk and Mysterious Coarners in the Ibrox Boardroom!)
Jist, Like you Keep oan Telling Us..
Like it or No ..
Whytie, must Be Dealt with. First . AND… LAST~
His Aquiescence ,tae any Sale of His Company,
must, First, be obtained.
Fur..
Whytie, Hauds awe the Aces,in This Game o’ Ring a Ring a Roses… Who Wull Win ?… God, Knowsies!
Weel Done,kiddo.. Ye goat it Spoat Oan!
Kojo
Still Laughin’ .. Like… well… HELL!
Awe_Naw_No_Annoni_Oan_Anaw_Noo – If the Argentinians grab it then the Malvinas will be there´s unless the UK gets military handers so to speak.
Quite probably, unless we can convince the French to lend us an aircraft carrier to get it back.
I wouldn’t hold my breath on that though.
So as I stated before it was a convenient tub thumper for Maggies relection and part of the UK government Oil exploration portfolio.
Well, Maggie certainly deserved a large degree of credit for winning her war, same as Obama did for ordering Seal Team 6 in to get Osama Bin Laden. Both were brave decisions that could have gone disastrously wrong and in that event the finger of blame would have been pointed at the politician in charge.
But when the Argentine military junta decided to invade the Falklands in 1982, it was anything but convenient.for Mrs Thatcher’s government. It could have easily have been another Suez and finished off her government at the next general election. She took a risky and brave decision – the right decision, in my view – and it paid off, so she deserved a bit of credit in victory.
We should give it back to the American indians .. they were they first …. and planted a flag
I don’t think there are any American indians living there to give it “back” to.
Maybe we should give the Moon back to the USA. (thumbsup)
macjay1 – Michael Foot and the Labour party voted in favour of sending the task force.
Was he seriously voting in favour of Maggie`s re-election?
Exactly. A Labour government in 1982 would have faced the same horrible decision the Conservative government at the time had to take.
Michael Foot and his MP’s did the right thing. (thumbsup)
Always thought the glory hunting high rollers that jumped on the hun express at the advent of the “Souness Revolution” were all bluster & no substance…Souness came in at the tail end of the Regan-Thatcher era of Yuppy “ME” culture & everyone wanted to run with that winning ticket. The huns were a sure bet. Even guys who knew nothing about football- inevitably with a “business” background- suddenly became Rankers fans…now when push comes to shove the champagne sippers who talk a big game don’t want to know when it comes to making real SACRIFICE…which is what you do when you love something or someone- feck, we PROVED that…
David Peter Deans on 19 April, 2012 at 13:07
CW did not evade or avoid tax but withheld tax collected which is not a criminal offence in itself. In the same way if you do not pay your gas bill the gas company cuts you off and then takes civil action to recover what is due to them. In addition HMRC can impose a penalty for not paying.
In this case they asked CW for the money he did not pay and they went to court to recover. If a company cannot pay they could go for a winding up order but in this case the company has gone into liquidation.
In the other ‘big tax case’ the HMRC are saying that the system you used to pay your players etc meant you did not collect all the tax due. (Rangers are disputing this saying the amounts were not taxable) The revenue are saying regardless what you think we say the income is taxable so here’s the bill and in addition we are imposing a penalty. At this point HMRC are pursuing payment so this is not about the ‘legality’ of the system it is just about collecting outstanding tax. Hence the need to use a tribunal and not a court.
Of course depending on the findings when we get an outcome it could lead to further action especially if RFCIA in longer exists.
SUrely even the b;uenosed ones cannot still believe the likes of the Daily Record nonsense this morning.
Still trying to work out Kennedy’s angle. I think he is positioning himself to be a major shareholder in Newco but like the rest of tehm he doesn’t want to pull the plug and lose any chance of being able to walk the streets of Glasgow safely ever again.
Auld Neil Lennon heid – Ha!
Terry Pratchett wrote an excellent book called JIngo that ripped the p out of the whole notion national pride based on banner waving thinking. Pride in the best of what is in us as people is what matters not the flags we wave.
I tend to agree, which is why I hope the Argentine people won’t be fooled by their current leather-faced-fascist-in-chief in her blatant jingoistic aggression against the peaceful self-determination of the Falklands islanders. (thumbsup)
13.55 and we’re bordering on discussing manifest destiny…
I’d urge you all the read Blood Meridian by Cormac McCarthy instead…
U