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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Chairbhoy, aye, that’s about the stretch of it.
Celtic Mac, ha! You’d better explain that one for the youngsters.
Kojo, anyone wanting to take possession of Ibrox from a reluctant Craig Whyte better get out of bed before you’re in yours. And I don’t mean on a night you’re at the jiggin’.
Awe Naw @13.35
Enjoyed that!!
Did hear Gray gasping in horror? Any pics? lol
When they quote the amounts bidded for “The Rangers” (e.g. £10m, £14m, etc.), is this the amount offered to Rangers FC Group for ownership of the club/club assets or the amount offered to form the creditors’ pot? Or both?
Good luck lads, lets hope both players get new clubs soon
Academy set to release two players
By: Laura Brannan on 19 Apr, 2012 13:30
CELTIC have confirmed that Under-19s´ duo, Curtis Jones and Liam Gormley, will not have their current contracts renewed at the end of the season.
The defender and striker will be released from the club after the final league match at the end of the month.
Head of Youth, Chris McCart is sorry to see the two players leave but stressed they will still play a vital part in the squad for the remaining two matches of the campaign – the SFA Youth Cup final against Queen of the South and the league clash with Rangers.
He said: “They are two excellent, professional young players and we will be delighted to give them good references in the future. Celtic Football Club wish them all the best with the rest of their careers.”
Duff & Duffer are delaying the deadline for the deadline delay…
Whether any Celtic supporter should phone radio chatshows which blatantly undermine our club is a matter for each individual concerned.
Some articulate CQN posters have been first class advocates for the club on these shows.
Normally these guys will come onboard later & discuss their calls.
It strikes me as strange that the ‘Celtic supporting’ callers who so lustily & regularly criticise Neil Francis NEVER come on here afterwards to identify themselves & to justify their opinions, to which they are perfectly entitled.
It surely can’t be the case that they are not really Tims.
My innocent faith would be shattered if I started to think that my naivety was being abused.
Well they got many deadlines the cross
But they can’t seem to find a preferred bidder…
Paul67,
Please tell me that this farce has a wee bit yet to run and then they die. I couldn’t make this up. They are sooooooooooo messed up. Couln’t happen to a better lot.
wonkyradar
Good point. Where are all the gannets? I do not think there will be many, if any Company Directors prepared to talk about their links with Rangers now. It wont open so many doors, or so many credit lines now, come to think of it. Can you see them buying into a hospitality package when playing the Shire down at the Stenny? No me neither!
wonkyradar on 19 April, 2012 at 13:59 said:
Duff & Duffer are delaying the deadline for the deadline delay…
Splutter….. ad nauseam.
Keep them coming,fellow Tim.
Loving it.Just loving it.
anyone see the Game Change film about Sarah Palin last night ?
I thought she came across better than Hugh and Roger on SSB when confronted by Timmy Thommo.
Paul67 et al
I’m sure thomthetim will get it!
Just listened to talksport with Jingle Jangle Jackass. Did someone say hes been shortlisted for football jouralist of the year. He can hardly string 2 words together in any meaningful way . I realise he’s hurting very badly but he is a gibbering wreck.
Sorry boys but I cannot accept that 807 people dying for the principal of the Falkland islands was worth it.
And you WILL NEVER CONVINCE ME
HAil Hail
Wee hun fae larky. ur no tellin us anyfing we dont know ur yi?? Alex Thomson. So you knew about Martin Bains £100,000 pay via EBT then? wee hun whitt? So you knew about Martin Bains £100,000 EBT and asked for the papers to be shreaded? wee hun. Whitt?? wee hun nahhrrommr nhhxmejudaexim oydntde. Thomson I think the word you are looking for is NO!!
CLASSIC!!!!
I still cannot understand why there are so many in the press etc. talking like there is a real possibility that a preferred bidder is going to save them. To those who know more than me, is this at all possible? It seems absolutely clear to me that they can only liquidate and therefore I am led to assume that Murray and Kennedy are posturing for a stake in Newco. HELP
Anybody else think Cormac McCarthy is seriously overrated? But then I was never a fan of Hemingway and that bared down reductionist style of “hard simplicity” that characterises those kind of writers…but who am I to say? That kind of staccato like Americana style is more or less ubiquitous in the world of “literature” now…all short sentences, everyday words & deceptively simple on the surface grammar…don’t see why it presses so many peoples buttons…modern life needs an injection of the Byzantine or the Baroque…literature that is actually ambitious…I’m going back to read Fernando Pessoa’s ‘The Book of Disquiet’…now that’s a REAL writer…
It might be simplistic, but I don’t think the Argentinians would have performed any kind of ‘ethnic cleansing’ on the Falklands inhabitants, and there was insufficient effort in a diplomatic solution.
Awe_Naw_No_Annoni_Oan_Anaw_Noo on 19 April, 2012 at 14:07 said:
807 dead.
Galtieri`s legacy.
N
bamboo on 19 April, 2012 at 14:06 said:
Just listened to talksport with Jingle Jangle Jackass. Did someone say hes been shortlisted for football jouralist of the year. He can hardly string 2 words together in any meaningful way . I realise he’s hurting very badly but he is a gibbering wreck.
coulnae av put it better masell
lol
macjay1 for Neil Lennon on 19 April, 2012 at 14:10 said:
yup AND THATCHERS
Hail Hail
neveralone on 19 April, 2012 at 13:12 said:
Thanks for the confirmation.
Macjay
the body count
258 Galtieri
649 Thatcher
HAil Hail
Not Thatcher`s or Michael Foot`s.
Awe_naw
Fair enough, no one can convince me that defeating a murderous, facist regime wasn’t worth it.
And you WILL NEVER CONVINCE ME
Hail Hail
THATCHERS
Awe_Naw_No_Annoni_Oan_Anaw_Noo – Sorry boys but I cannot accept that 807 people dying for the principal of the Falkland islands was worth it.
And you WILL NEVER CONVINCE ME
Well, you are entitled to your opinion.
And thankfully, unlike in, say, the fascist Argentina of 1982, we have relative freedom of speech in this corner of the world. (thumbsup)
AndyM
as long as its a battle that can be won we will attempt it. That´s the British army for you – It helps with re election
Hail Hail
RaRaRasputin – That is the question. I have been reliably informed that Whyte has yet to lay down exactly what he wants or what he will offer in way of assets etc. Once the exclusivity cash is stumped up brass tacks will be gotten down to and not before I am led to believe.
In other words this is all a circus as nobody knows exactly what they will be getting, whether there will be enough for a CVA or whether it is even worth the bother. Hence the issues with folk stumping up this exclusivity fee.
For an irrelevance Our Hero has an inordinate sway over matters….
Philvis
relatively yes we do
Hail Hail
forget liquidation !
howzabout plasmagasification for rfc(ia)?
a terrific opportunity and never let a thing go to waste
http://www.youtube.com/watch?v=gboSDLBV1ns
Paul67 – I welcome your use of the word, welcome!
HH
Ps. nice piece (oo-er missus) :-)
Richie
The Argentinians had been spoiling for a war with anyone for years, one the first things Pope John Paul 2nd did was broker a deal between Argentina and Chile who were hours away from war.
Argentina had made a claim of a group of islands that were Chilean (stop me if this sounds kind of familiar). That was 1978.
As for the other posts going on here I think the rights and wrongs of rescuing hunderds of your citizens from a facist junta have been obscured by the other actions carried out by Thatcher and the British army at that time. But even a broken clock is right twice a day and this occassion she was right and they did well.
deekbhoy on 19 April, 2012 at 13:52 said:
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.”
He withheld tax that he had collected or deducted from others ie VAT, PAYE and the employees’ NIC.
The question is, when he collected or deducted that money, did he have any intention whatsoever of paying it over to HMRC.
If it can be proved that he did not, then his behaviour might be criminal.
Celtic Mac on 19 April, 2012 at 13:28 said:
It’s an oldie, but a goodie; just like oorsels!!
Parkheadcumsalford, they are indeed.
Art of War, you’re welcome.
Awe Naw
Thatcher introduced democracy to Argentina in`82
Not her intention,I`m sure.
The result,nevertheless.
Paul67
Can I buy a subscription to CQ magazine print version.