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.
Buy a hard copy of CQN Magazine, issue 7, by clicking on the button below. You can read online here.
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i ate praying for him as well – i had a large cake from greggs
Singapore’s Bill Ng has expressed frustration over negotiations with the main creditors of Glasgow Rangers, accusing them of tripling their asking price and ‘not treating foreigners right’. — PHOTO: BILL NG
By Sanjay Nair
Singapore’s Bill Ng has expressed frustration over negotiations with the main creditors of Glasgow Rangers, accusing them of tripling their asking price and ‘not treating foreigners right’.
But the chairman of S-League club Hougang United has stopped short of saying that he will pull out of his bid to buy the Scottish football giants, who entered administration last month following tax disputes.
His five-man consortium appeared to be the front runners to take over the financially stricken club, after the heavily fancied Blue Knights group withdrew from the bidding race on Monday.
‘Despite all the talk of us being the favourites, I’m very frustrated because of the way Ticketus is treating us,’ Mr Ng told The Straits Times in an interview from London on Wednesday.
philvisreturns on 19 April, 2012 at 14:24 said:
Poor Winston didn´t even get re elected
Mmmhhhhhhhhhhhhhh………………..
I thought the Allied Forces won WWII ?
Hail Hial
picinisca
It will be announced thus:
D&P – “Following the recent sale process and CVA negotiation we have concluded that the best interests of Rangers, as well as of the creditors as a whole, will be best served by the sale of Rangers as a going concern to a debt free company who can carry on the proud tradition of this fine institution for years to come.”
i.e. without mentioning the word “liquidation”.
philvisreturns
As a percentage, how many of your online debates with Awe_Naw confirm Godwin’s Law?
Bill Ng getting ready to walk away? Sounds like it from that statement.
SffS
Kayal33 on 19 April, 2012 at 15:05 said:
D&P treatred the Rangers support as mugs over Ticketus and as mugs some believed them. The idea that they were going to walk away from the money they paid out without a fight was preposterous and as the end game draws near all the factors ensuring liquidation – Ticketus, CW, HMRC (and they have not played their hand yet) remain as much as they did when D&P walked in.
Mind you they have earned a wee bit and added to the debt in doing so.
This is a club too stupid to survive.
Even by his own pathetic standards Andy Walker was truly despicable on Snyde last night. Shocking attitude towards Celtic and Neil Lennon.
A No Mark
Is Bill Ng preparing for the use of the fabled Ali G excuse for walking away?
“Is it coz I is black?”
Awe_Naw_No_Annoni_Oan_Anaw_Noo – Poor Winston didn´t even get re elected
That’s voters for you.
I thought the Allied Forces won WWII ?
To be fair, it was mainly Brad Pitt. (thumbsup)
Kayal33
Just wait till Bill Ng meets Rangers real main creditors…
Son of Warsaw on 19 April, 2012 at 15:13 said:
Even by his own pathetic standards Andy Walker was truly despicable on Snyde last night. Shocking attitude towards Celtic and Neil Lennon.
A No Mark
————————-
but he did stick up for Davie Syme.
holiday rentals and all that stuff.
My dear,dear,dear,friend.. Kayal33
Ah Predict. The S.P.L. Player of the Year
wull. be
Daly..o’ the Dundee Jampots.
Anyway..,meanwhile..,
in anither part of the Forrest..
Ryan Donnelly, is among the Nominees fur Player of the Year fur the Scoattish Second Division.
Celtic, should Grab this Youngster..
He is a rare Speciman.. o’ the Genus.. “Lonely Linwood Striker.”
He kin Actually Play.. as wan..
and He is
TWO FITTED.. tae.. and He Kin Score Goals wi his Heid ,as weel.
Chris McCart,has watched him.. Twice..
so… Celtic has Shown an Interest..
Ah hope that they wull Follow it up..
Kojo
yer pal…who likes ye aloater
RaRaRasputin – As a percentage, how many of your online debates with Awe_Naw confirm Godwin’s Law?
Awe Naw No Godwin’s Law Anaw Noo! (thumbsup)
Saint Stivs on 19 April, 2012 at 15:16 said:
I’ve always thought that Andy Walker’s middle class background is part of the reason for his bitterness.
Andy Walker is yet another guy who done very well out of football,with Limited Ability c G Burley.
Kojo
I’ll be in Las Vegas in a few weeks for a wee holiday,
Will I need a Winter jacket?
Shall I pack an umbrella?
Is the Aria a nice hotel?
don’t worry about questions 1&2 as long as 3 is ok otherwise it’ll be the dog house for me.
Finally have you seen Viva Elvis and is it fantastic?
Your pal who still doesn’t understand everything you write and I live in Scotland
Why does Neil not bother turning up at Hampden,just like the Rankers owner?
Thanks for those answers.
So it will be lies and obfuscation to the bitter end. No surprises there.
Philvis 15.15
WW11 – THE EU JUST RENAMED THAT THE “EUROPEAN CIVIL WAR” , In their New Museum of Europe, all history begins at the end of the “European Civil War” Pol Pot like or what
ernie lynch – Why do you hate middle class people?
Were you banned from a branch of Waitrose or something? (thumbsup)
Citibhoy – Srsly? (thumbsup)
Has Neil been found guilty yet?
He’ll probably end up with a longer sentence than those two blokes from Kilwinning.
ernie lynch on 19 April, 2012 at 15:20 said:
Saint Stivs on 19 April, 2012 at 15:16 said:
I’ve always thought that Andy Walker’s middle class background is part of the reason for his bitterness.
————————–
och , i think your just being bitter yourself now,
nearly all my mates parents had spanish holiday villas back in the 80’s.
we used to rent them out to referees all the time.
thumbsup (as our saint als pal will be on to tell us in uno momento).
Bada Bing 15.22
Because he needs the SFA and CW doesn’t.
Citbhoy
all history begins at the end of the “European Civil War” Pol Pot like or what
who said that you ?
Hail Hail
Kojo
Kojak here
I see Ernesto Lynch is implying you are not where you say you are.
We know he is barking at the moon with this and you are right to tell him the time in realtime.
maks sense to us.
Kojak
yer pal who likes ye the mostest of em all.
DIdn’t the USA ride in and win WW2 to save us? I’m sure I saw that happen in a movie or two?
(Ducks for cover)
‘not treating foreigners right’.
Is Bill Ng Irish?
philvisreturns on 19 April, 2012 at 15:23 said:
”ernie lynch – Why do you hate middle class people?
Were you banned from a branch of Waitrose or something? (thumbsup)”
Waitrose is owned and run by its employees.
And its livery is green.
I quite like it.
Once I’ve ascertained their attitude to prosecuting shoplifters I might start to patronise it more often.
St Stivs 15.27
From a St Als pal who has never been to a Spanish Villa….
Thumbsup
Catman
Macjay both labour and Tory governments supported Pol Pot, regardless of my political beliefs I don’t take moral guidance from any politician.
Headtheball on 19 April, 2012 at 15:26 said:
”He’ll probably end up with a longer sentence than those two blokes from Kilwinning.”
My hunch is that they’ll be hammered. Just a hunch.
new article posted.
My dear,dear,dear,friend.. Mrob
Hiya,pally?
Nice tae meet ya.
Heck, Even Ah don’t understaun whit Ah write!
Ah hiv tae get.. collie, tae Try tae Explain it , tae Me!
And then.. Ah hiv tae get.. Ma pal, Nutsy.. tae Explain whit
collie, Said!
In Answer tae yer Question..
Na.. Ye soitenly wullnae need tae Bring a Jaiket ,IF.. ye are
coming tae Las Vegas, within the Next Few weeks..
May,is a Nice Month.. Aroon.. The HIgh Nineties.Fahrenheit..
Is that how ye spell it?
Las Vegas,is a Paradise.. the Weather is Grand..
Even. when it gets really hoat.. in August.. Ah still jist Luv it!
Ah highly recommend Las Vegas.. Ah hiv lived in Hollywood.. and Also. Santa Monica. and the California Weather is Also . wonderful.. but…
Ah prefer the Scorching Heat of Vegas.. Nothing beats a
Pool Party.. in Vegas..
Temp. Today,in Vegas is..
67 degrees.. it is Early, yet.. it will warm up, later, tae
91 Degrees.. so, it is Forecast.
Nae sign o’ Rain.. And..
Dae Ah need tae tell ye ,that Ah dinnae Like Rain?
O.K.
So.. Ah wull..
Ah Hate .. Rain!
Kojo.
yer pal. who likes ye already
Still , Laughin’
To each their own when it comes writing and music…
But is this the work over-rated writer?
…the animals dropping silently as martyrs, turning sedately in the empty air and exploding on the rocks below in startling bursts of blood and sliver as the flasks broke open and the mercury loomed wobbling in the air in great sheets and lobes and small trembling satellites and all its forms grouping below and racing in the stone arroyos like the imbreachment of some ultimate alchemic work decocted from out of the secret dark of the earths heart…
Violence, Science, Nature and Man’s dark, dark heart – any weightier thoughts are not worth a writers time. But that’s just my humble opinion.
U
Duff & Phelps final statement…
This is the end
Beautiful friend
This is the end
My only friend, the end
Of our elaborate plans, the end
Of everything that stands, the end
No safety or surprise, the end
I’ll never look into your eyes…again
Can you picture what will be
So limitless and free
Desperately in need…of some…stranger’s hand
In a…desperate land
Lost in a Roman…wilderness of pain
And all the children are insane
All the children are insane
Waiting for the summer rain, yeah
There’s danger on the edge of town
Ride the King’s highway, baby
Weird scenes inside the gold mine
Ride the highway west, baby
Ride the snake, ride the snake
To the lake, the ancient lake, baby
The snake is long, seven miles
Ride the snake…he’s old, and his skin is cold
The west is the best
The west is the best
Get here, and we’ll do the rest
The blue bus is callin’ us
The blue bus is callin’ us
Kojo
I’ll be in Las Vegas in a few weeks for a wee holiday,
Will I need a Winter jacket?
Shall I pack an umbrella?
Is the Aria a nice hotel?
don’t worry about questions 1&2 as long as 3 is ok otherwise it’ll be the dog house for me.
Finally have you seen Viva Elvis and is it fantastic?
Your pal who still doesn’t understand everything you write and I live in Scotland
share on F’book or Twitter
—————–
I hate to be the bearer of bad news , but Viva Elvis is lousy, the worst Cirque show by a mile.
Aria, i didnt like, it has an antiseptic feel
For me the Wynn is the best and either O or La Reve the best shows……however I don’t live there, just visit ….normally for 3 days max
Vegas is amazing, however you need stamina or intravenous red bull……and I dont gamble