Club 9 Sports released a priceless statement tonight indicating they are considering an investment in Rangers only as part of a consortium and will not be bidding for the club on their own.
So far, so clear. They then entertain us with a remarkable interpretation of liquidation, saying:
“We understand that it has been strongly rumored that our group planned to “liquidate” the club. It should be made clear that any party that attempts to acquire the club, eliminate the debts, affect a turnaround, invest monies and put the club back on solid ground is in fact “saving” the club from liquidation and preserving its past and its future.
“In an asset purchase, all of the good and valuable assets (records, marks, names, trophies, players, staff, history) are preserved and separated from the bad and harmful liabilities (tax bills, bad contracts, creditors), which have put the club into administration and which act to force the entirety into liquidation.”
“Saving” the club from liquidation by putting the entirety into liquidation. Don’t laugh, they honestly wrote this.
For the record, you can’t sell history or records. Can you imagine? Britain could flog off our whole empire period and maybe use the current economic crisis in Greece to buy their classical period from them. Aristotle, from Scotland, perhaps.
Personally, I would love to be the first Briton to hold aloft the European Cup, maybe Billy McNeill would sell me that record? He’s had it for 45 years now, it can’t be worth that much to him anymore.
I wonder how much Messi would sell his record breaking Champions League history? Barca are playing catch-up with Real Madrid in the European Champions stakes. Instead of buying expensive footballers they could just offer Real cash for some of the trophies won during the 1950s.
David Murray should have saved himself all the trouble and just offered our old board a few million for the Lisbon history, just think:
Rangers, European Champions, 1967. Opportunity missed. Murray should have had a word with Club 9.
I’m enjoying these guys already, hope they are given the green light tomorrow. What terrified Brian Kennedy floats my boat. They even finished off with some sweet platitudes about a “legendary fan base”. I think we have a winner….
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I asked earlier …. Anyone know ?
When’s the renewals out for next season?
V
Got to go busy day of auditing ahead……. perhaps the SFA would like to employ some decent auditors as part of their governance process…. nah didnae think so.
V
Vmhan
Yeah i’m looking forward to doing that, Nearer the time i will speak to Paul & see if something can be done for the magazine. Yesterday got me thinking…for everyone who has sent me strips i might get their CQN name printed on the back of a shirt for the photos. I think that would be a good way to thank everyone for their help. I’ve been told by the local guy i am dealing with here it will be in the newspapers so will be good to get the good name of Celtic & CQN around Jordan.
Vmhan
Aye. But your not getting a bit of my dinner and no, I’m not going to ask them to give a % to TRFFF!
MWD
Hybrid liquidation?
I’ve heard it all now !
Good to see HMRC sit back and watch the hoardes wiggle, squirm and release statements to pacify the orcs ….
Let the smoke settle to reveal who holds the mirrors then! And only then will they go to work .
Rangers FC in administration Will soon be DEAD
I won’t shed a single tear
Good morning fellow Celts from Sunny Earl’s C
Oops Sunny Earl’s Court
Yes we need the type Of refereeing that allows Messi to flourish
Buy them in and tell them to apply the rules
Managers will work it out soon enough
What is the cycle event on summer coz I like the idea of dropping Clashcity on the first climb ;)
HH
M
MWD
Do you ever sleep? Or does the recent jelly n ice cream consumption have amphetamine added?…..jist wunderin like….
How come posts that contain swear words get deleted but the filth kojo posted last night is allowed to sit there polluting the blog?
Morning,
So after 8 weeks Duff&Duffer have failed to demonstrate to the SFA ‘a payment plan for outstanding debts’
They also knocked back a bid for Naismith, obviously flush for cash just now.
Administrators? In name only by the looks of it.
HH
Serge, 5:06;
A colour blind hun?
Isn’t that an oxy moron?
Just asking like…
West Wales Celt
They must all be colour blind because the only thing they see is darkness
I wonder what the creditors /HMRC will think of the Club9 plan
Hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
and if the yanks bid is still on the table after the wee secret meeting with SPL/SFA is over ,then we can assume they have been given the green light to their newco in the SPL .
Who will tell tell the panel of 6 honest men ,they will still get their appearance money though
hail hail
Quickdraw:
Totally agree. Racism is no less tolerable when disguised by faux patois and the use of obscure adjectives. Paul your site needs a clean-up mate.
Serge:
:-)
All the papers talking about a CVA.
Call me stupid, but does it not need HMRC to agree?
HMRC dont do walking away…
HH
Canamalar/TTTT
Sorry but I can’t agree with either of you.
The reality is if we share our income we have less to spend on better players.
Inferior players will reduce even further our chances of performing well in Europe.
We would be lowering the quality of our squad , and our current competitors would be improving theirs.
The overall standard would not be improved , although it may be a bit more competitive.
Also in my own business several established competitors have actually gone out of business.
But .
New competitors have come into the market.
One of them is a big hitter who saw an opportunity for a good market share.
Philosophy is all good and well, but in the real world , you have to make things happen for yourself.
Eg,
Why dont Heart’s improve their scouting network to find the likes of Izzie, Kayal, Wanyama,etc.
These other club’s have not shown enough business acumen.
As for sporting competition .
Sport is for amateurs.
This is the business of sport.
Business acumen is required.
TT
Lubo dies and goes to heaven (of course), when he gets there he is met by St. Peter at the pearly gates. He said to Lubo, “thank ghod you’ve arrived, we need you to make up our football team” Lubo take a look about and he sees Kenny Dalglish, Jinky Johnstone, Bobby Murdoch, Paul McStay and other great Celtic players. He then spots a guy running about with the hoops on, no 7 on his back and dreadlocks hanging from his head, Lubo turns to St. Peter and says ” I didn’t know henrik Larsson was dead” St. Peter said ” he’s not, that’s Ghod, he just thinks he’s Henrik Larsson.
Why should the best run club in Scotland share anything with a bunch of other clubs whose only ambition in the last decades was to feed on scraps from Murrays table and kow tow to the SFA???
Makes no sense to me…
Good morning bhoys and ghirls and welcome to another instalment of our long running soap
THE BIG HOOSE
Today is all about the bids. Will duff & duffer cope
Has edminston drive & copland road been closed off as the bids roll in
Will the big hoose survive ?
Todays episode is called———- B.Day
Our intrepid bloggers will bring you up to the minutes reports from accros the globe. Bringing you the truth as it happens
Sit back and enjoy. Jelly and ice cream avaialble
Liquidation is a dawdle…
‘there is a lot of emotive talk
about it being catastrophic for the
business in relation to liquidation. I
think that is viewing liquidation out
of context in terms of it what it
actually means.’
Duff&Duffer
Kilbowie Kelt.
My memory of Christian teachings is week.
However I do remember a story in the bible.
When income is shared out equally.
They are all asked to come back a year later.
Some have what they started with.
Some have squandered and lost the lot.
Some invested wisely and increased what they were originally given.
This is the way of mankind.
Giving people an equal amount to start of with , will not make them better at decision making.
TT
Morning all from gay Paree, sunny spells (15C max today).
Three more sleeps till we get our flag back.
;o)
Meanwhile, it’s a 5 o’clock deadline down Govan way.
Who would bet against another “extension”…?
JCGE
Rebel 10 damaging SPL, claims chairman Ralph Topping
By Jim Spence
BBC Scotland
Scottish Premier League chairman Ralph Topping has claimed that two potential sponsors have pulled out because of recent events and bad publicity.
And he has urged the 10 non-Old Firm clubs to withdraw their attempt to change the voting structure, suggesting it is damaging its commercial future.
Three club chairmen have told BBC Scotland they have been angered by Topping’s letter to the 10 clubs.
And they question whether the SPL’s board can now be viewed as impartial.
Continue reading the main story
“
Both companies have now decided to withdraw their interest in the light of recent developments in the SPL
”
Ralph Topping
SPL chairman
The board arranged a 12 April general meeting after the 10 clubs called for the 11-1 majority for major changes to be reduced to 9-3.
But Rangers’ administrator, Duff & Phelps, has since indicated that it would vote with Celtic to oppose any change.
“Having spoken candidly to Rangers’ administrators, they have made it clear to me that they will not be supporting the members’ requisitioned resolution on 12 April,” said Topping.
“On the basis that it appears likely the resolution will not achieve the 11 votes in favour that it requires and there is now some damage being done to the league’s commercial prospects and, by implication, your own club’s potential future distributions, I would ask you to consider whether you would, especially given current circumstances and uncertainties, wish to withdraw the resolution.
“It would seem to me that progress is far more likely to be made by 12 clubs engaged in debate about the future than by forcing a vote on a resolution that on the face of it has no apparent prospect of success.”
Rangers’ administrator will vote against the change to the voting structure
Topping points out that he would comply with the wishes of the clubs but points out that he has gauged the reaction of the SPL’s broadcast and commercial partners to what he suggests is comment that does not paint Scottish football in a positive light.
“On the commercial front, I am aware of two companies who were strongly attracted to the idea of sponsoring the SPL when Clydesdale Bank’s tenure comes to an end in summer 2013,” he said.
“Both companies were viewed as serious potential bidders for the title rights.
“Unfortunately, both companies have now decided to withdraw their interest in the light of recent developments in the SPL.
“It will not have escaped your notice that Sky and ESPN have so far failed to return draft contracts sent to them in 2011.
“I have spoken to one of our live broadcast partners who is concerned about current uncertainties with Rangers and who at the time of our conversation was anxious to learn more about recent talk of clubs resigning en masse from the SPL.”
The SPL did not wish to respond to the criticism of Topping’s letter by the three club chairmen
Morning all from a glorious North Ayrshire. Are we into the end game for them?
Quickdraw
Totally agree.
We, as Celtic supporters, should all condemn racism. In remaining silent, we behave no better than those we despise ie huns.
Kojo and his many fans, most of whom are incarnations of himself, should be ignored and his offensive posts deleted.
Come on Paul 67, your othwerwise excellent work in leading the fight against the hun isn’t reflected in making a clear stance against racism.
\hh
Merseycelt 08.19
What did Kojo post?
TT
Good morning from snowy Manchester.
Tinytim
Kojo at 12.34 am ;ast night:
“…He believes that America has Blown
it’s chance at Greatness.. by adopting.. Miscegination… as a
means of eliminating is growing … racial Problems..
and as a cure all… jist like the U.K. is daeing, right noo…
A real Bad Move…..oan the Part of Baith Countries.
Any punter wull tell ye that Ye should Never Cross A
Thoroughbred wi a Plough Horse.. ”
Miscegination=racial mixing.
If you strip away the flannel, he’s basically saying that different ethnic groups should remain separate. I assume he believes in protecting his Ayran purity.
Hun filth!
Hail! Hail!
Kojo on 4 April, 2012 at 00:34 said:
My dear,dear,dear,friend.. The Singing Detective..
Pat Buchanan..is a Tim.. and Ah think he’s.. Also…the Cat’s Nightwear!
He tells it like it lays.
And because,of that.. naturally.. He is Not Popular wi the Liberal Set.
and as ye say.. He even resorts tae using Young Virginia
in his recent writings..and He believes that America has Blown
it’s chance at Greatness.. by adopting.. Miscegination… as a
means of eliminating is growing … racial Problems..
and as a cure all… jist like the U.K. is daeing, right noo…
A real Bad Move…..oan the Part of Baith Countries.
Any punter wull tell ye that Ye should Never Cross A
Thoroughbred wi a Plough Horse..
Kojo
yer pal.. who likes ye aloater.
Still , Laughin’.
Hey.. wait a minute..!!
=======================
I’m spending less and less time on CQN these days. I wonder why ???
merseycelt lmfao as the big house door slams shut on 4 April, 2012 at 08:36
He’s a narcissist.
Best ignored.
By discussing his crap you just ensure that he’ll keep posting it.
Football manager updated last night, looked through the editor and they have given rangers a transfer fund of £1 and wages available of £1 per week, class. I ticked the box to put them in admin, FM 2012 had overlooked that one. I did notice a box above which allows me to make them extinct, very tempting but I’ll bide my time.
people in glass houses should not throw stones. if you don’t like kojo don’t read him or read it and play the ball. We are a broad Church and there are aren’t too many angels on the blog. Quite a few hot irons who have their own battle hymns and who like to stir the pot , now calling for heads, is at best ironic. Pull yer heads in. When we should be celebrating Neil Lennons success and the imminent demise of the Shame not looking for a whipping bhoy. This place is full of people who I can strongly relate too and others that I can’t , the good the bad and the ugly and I know that I would enjoy a pint with any and all of you and hope to do so some day. Keep with the humour and share the laughter whenever you can, that’s what really makes Paul’s blog special. On with the fun and standing up for the champions. Any news from jar jar binks today ? Hail Hail
Forgot I also gave them a debt of £88 million, in addition to the £33 million they already owed. I was kind though and let them pay it back through a CVA.
Mags, I’m all for free speech too, however, with free speech comes responsibility and accountability otherwise every time you go to the movies and a numptie screams FIRE you can’t say “what a muppet”.
Or if you’re walking down the street and ten neds point at you and scream PEDOPHILE, then what do you do. What do you say.
And when the huns sing BJK for twenty minutes without break then should we applaud their inspired banter?
Canamalar, I know what you are saying and I agree too (I know the literal definition of bigotry), but I also think you are humouring semantic distinction. Like free speech there are responsibilities that come with being a bigot. If you abuse those responsibilities you will go to jail. (Depending on which country you are in and which demographic you are abusing) Or the person you are abusing will just slap you into today. That is my personal favourite.
There are times you can be in the pub and laugh at the ‘banter’ and there are times you can be in the pub and you end up in a fight over the ‘banter’. Why? It is just bigots being bigots and indulging banter after all. Who makes the distinction as to what is acceptable and what is not. Who draws the line?
Now being racially or religiously bigoted, there are only fools that can’t make that distinction.
just looking back and hats off, the solution to celtic and scotland’s footballing problems is to keep everything the same and hope it implodes so we can ride into the sunset. aye right then
people want to harp on about the state of the game but self interest takes hold and its all about me, me, me.
to suggest our squad would be worse because our budget is lower, is true, if we dont invest correctly in the first instance.
here’s the thing though, to do nothing and keep structure as is, is to stick our head in sand and hope. i thought we were a bit more enlightened than that!
TT 08.10
Week = Weak
TT
Hi Paul,
Do you get the feeling D&P might have over sold the NewCo ting!
Could be the Daily Record is the organ of choice @ the Chicago Mercantile Ex
BTB
Wid’nea worry to much about our resident American it’s awe Kojology ye kno’.
SPL chiefs rule out any chance of Celtic trophy presentation on Old Firm day
Apr 4 2012 By Gavin Berry
CELTIC won’t be presented with the SPL trophy against Old Firm rivals Rangers despite the derby almost certainly being the Hoops’ first home game after clinching the title.
Neil Lennon’s men face Kilmarnock at Rugby Park on Saturday and need just a point to secure their first
championship in four years which would wrap it up before the split.
And following the announcement of the post-split fixtures, Celtic then face Motherwell away on Sunday, April 22 followed by the visit of Rangers to Parkhead seven days later.
The Celtic players will be desperate to get their hands on the trophy but they’ll be forced to wait until one of their two other remaining home matches in May.
Lennon’s men host St Johnstone on Thursday May 3 before Hearts visit the east end of Glasgow on the final day on Sunday, May 13.
An SPL spokesperson said: “We’ll make an announcement in due course but Celtic won’t be presented with the SPL trophy at the Old Firm game.
“I don’t think anyone would expect us to present it especially to Celtic after the Old Firm match but we’ll let everyone know soon.”
Saints are the club to suffer this season from an uneven number of home and away games, with the Perth men forced to play 20 away games and 18 at home due to the controversial split.
But SPL secretary Iain Blair said: “St Johnstone are losing a home game but they have gained one in the past.
“Various versions of the round 34-38 fixture list are produced and we select the one that provides the best fit.
“In the regular season, Celtic/Rangers and Hearts/Hibs always play at home on alternate weekends but it can be impossible to avoid a city clash after the split.”