Demonising liquidation carries risk

990

I didn’t hear the scores of other games this weekend until today when I read a red card protest (remember the day Celtic fans gave birth to this concept?) occurred at Ibrox to demonstrate disapproval to any potential new owner who plans to liquidate Rangers.

It would be preferable to everyone if Rangers paid their bills, restoring a degree of dignity, although apparently no one is offering to do this.  Publicly bidders for the club will all confirm their preference is to exit administration via a Creditors Voluntary Arrangement (CVA).  Offering pennies in the pound for a company is unquestionably a great deal, for the buyer, but whoever is nominated as preferred bidder this week is likely to have a serious option to liquidate the club.

Demonising the liquidation option carries risks for Rangers fans.  Short of raising considerably more money than they have thus far and paying their bills, there is little fan power can do right now.  If liquidation is the best option for creditors it will happen, better to accept the reality of the situation.  Whatever the resulting phoenix club is called, if the new owners inherit animosity from the start it will only diminish the potential of their new club.

We’re looking for articles for CQN Magazine again.  If there is something you would like to write about email me, celticquicknews@gmail.com.

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990 Comments

  1. hen1rik on 10 April, 2012 at 09:41 said:

     

    @STVGrant: A rare opportunity to sit down with a top Scottish referee today in Willie Collum. What would you want to ask him?

     

     

    Without turning around, can you tell me what is happening behind you?

  2. Dontbrattbakkinanger on

    Zybszek- he has thanks, and had a great time ,he said it was a very interesting place, historically and architecturally.

     

     

    Pantalonio- care to provide a precis of events since Ash Wednesday?

  3. sixtaeseven: No NewCo in SPL and it's Non-Negotiable! on

    Ng claims to be a lifelong supporter of the Gers who caught a bug away from his homeland while watching them winning the UEFA Cup on a big screen in Manchester in 2008.

  4. @STVGrant: A rare opportunity to sit down with a top Scottish referee today in Willie Collum. What would you want to ask him?

     

     

    With such a high degree of bias against Celtic and a level of incompetence that defies belief, just how have you managed to remain a Grade 1 official Willie?

  5. Dontbrattbakkinanger on

    Ole Dick, C1st- it’s like I never left, although someone has given the place a lick of paint in my absence.

     

     

    Is this how the bhlog is marking the ole Jubilee?

  6. Philbhoy - It's just the beginning! on

    Goldstar10

     

     

    ……..a breath of fresh air?

     

     

    Just what the Blog needs!

     

     

    No offence meant to anyone!

  7. The Pantaloon Duck on

    DBBIA

     

     

    In no particular order: we lost the Diddy Cup, won the League, Sammi shaved off his beard (but, thank Ghod, not his beautiful long hair), Mo made a miracle recovery and scored three consecutive hat-tricks, Rangers are still on life support, 31003 fixed his elbow with superglue, a few blog people had fights, some of the people made up with each other afterwards, others didn’t.

     

     

    I’m sure sumbdy will let you know if I’ve missed anything.

  8. Dontbrattbakkinanger on

    I came across a new [to me anyway] hero for the ole Pantheon, namely Sgt Robert Downie, VC,MM-

     

     

    ‘He lived quietly in Carleston Street, Springburn, until his death in 1968. Football fans at Celtic Park regularly saw him on a Saturday as he worked as a cashier at the turnstiles. A modest man, he often played down his bravery, saying he won the medals for having ‘shot the cook’. He died on 18 April 1968.

     

     

    Downie has a grave/memorial at St. Kentigern’s Cemetery, Glasgow, Scotland’

  9. tomthelennytim on

    To the Airdrie and Coatbridge Tims who were in Benalmadena at the weekend celebrating the historic title win in The Ha’penny Bridge……… I’m still suffering!!! Fair play to you guys and good luck to the fella getting wed.

  10. Philbhoy - It's just the beginning! on

    Summa of Sammi

     

     

    Hope everything works out well!

     

     

    Good luck and take care.

     

     

    Oh, aye, and keep posting!

  11. He has returned, just as he said he would.

     

     

    Welcome back DBBIA.

     

     

     

    TET

     

    Will be in touch later. KTF.

  12. Dontbrattbakkinanger on

    Pantolonio -thanks, maks sense tae me.

     

     

    Vogue,goldstar, thom -thanks

     

     

    I’m beginnig to think I should bugger off more often ;/

  13. iki on 10 April, 2012 at 10:03 said:

     

    hen1rik on 10 April, 2012 at 09:41 said:

     

    @STVGrant: A rare opportunity to sit down with a top Scottish referee today in Willie Collum. What would you want to ask him?

     

     

    Without turning around, can you tell me what is happening behind you?

     

     

    share on F’book or Twitter

     

     

     

    LoL

  14. DBBIA – I’ve posted re Robert Downie before – he was my late mother-in-law’s uncle.

     

    Summa – You’re one of CQN’s best – don’t forget you have a lot of friends here.

  15. hen1rik on 10 April, 2012 at 09:41 said:

     

    @STVGrant: A rare opportunity to sit down with a top Scottish referee today in Willie Collum. What would you want to ask him?

     

     

    Ha Ha Ha Ha Ha Ha Ha Ha Ha Ha

     

     

    lol lol lol lol lol lol lol lol lol lol lol

     

     

    Ive just fell off my chair in fits of laughter.

     

     

    A top referee, I’m off again ha ha ha ha ha ha ha ha ha ha ha ha ha.

     

     

    share on F’book or Twitter

     

     

    ================================================

     

     

    Just one question wullie……..Which ludge are you a member of ??

  16. Told you so, stated on here a while back a good source told me Ellis was just sitting back waiting to pounce for his shares.

     

     

    HH

     

     

    Rangers administrators Duff and Phelps face yet another legal obstacle to selling the stricken club after Andrew Ellis started legal proceedings to claim 25% of Craig Whyte’s shareholding in the club.

     

     

    Ellis introduced Whyte to David Murray after his own bid to buy the club was rejected in May 2010.

     

     

    During due diligence Ellis was credited with being a partner in the deal but after Whyte bought up 85% of the club for £1 Ellis disappeared off the radar.

     

     

    Duff and Phelps have gone on record to state that they will select the preferred bidder for Rangers this week and hope to exit administration before the end of the season.

     

     

    So far Whyte has shown no willingness to hand over his shareholding. With Ellis now questioning the legality of Whyte’s shares in court another huge hurdle stands between Duff and Phelps being able to take the club out of administration.

     

     

    Ellis, who has been linked to the bid for Rangers from Bill Miller, told the Daily Record: “I am owed 24.9 per cent of the entire club’s shares and I will be suing Craig Whyte for it.

     

     

    “This was part of the initial agreement prior to the takeover and I have correspondence to prove it. At the time the solicitors sent all the documents through, Craig accepted the fact that I was getting 24.9 per cent of the club.”

  17. tommytwiststommyturns on

    DBBIA – welcome back, how was the Priory?! :-)

     

    You’ve been sorely missed.

     

     

    TTTT

  18. Ten Men Won The League on 10 April, 2012 at 10:07 said:

     

    “With such a high degree of bias against Celtic and a level of incompetence that defies belief, just how have you managed to remain a Grade 1 official Willie?”

     

     

    WC replies: You have just answered your own question.

  19. We all know people who think (I use that term loosely) that us and Them are “just as bad as each other”. Show them this article (from today`s Independent) and ask them for our equivalant Tim Town bias.

     

     

     

    Companies setting up shop are forced to change their livery. Traffic lights are smashed in defiance. It seems astonishing that a town could detest something so much, but Larkhall does.

     

     

    For it is green that provokes so much ire in this Lanarkshire town just outside Glasgow. Yes, the colour.

     

     

    So far, the contempt with which the emerald tint is held in the town has prompted the sandwich chain Subway to change its traditional signage to black and the local pharmacies to switch their frontage to blue.

     

     

    The reason is simple, if slightly strange, and stems from sectarianism and football rivalry. In Larkhall, green is immediately associated with Catholicism, Irish republicanism and the football team Glasgow Celtic. And in Larkhall, the vast majority of people proclaim themselves to be Protestant, unionist, and supporters of another Glasgow football team, Rangers.

     

     

    Well aware of the strength of feeling, many shops have relented accordingly. But this week the supermarket chain Asda defiantly said it would not be changing its traditional green logo, should it open a new store in Larkhall.

     

     

    There had been suggestions, apparently from locals and certainly from one local newspaper, that the store would present a unique blue frontage, but this was denied by a spokeswoman, who said: “We use this across Scotland and the UK, and feel it is popular and well recognised.”

     

     

    But that has not gone down well. Because the new store, should it be built, would bring a rare flash of green to the town. Wander down the streets, home to the town’s 15,000 residents, and only one front door is green. Traffic lights, with their green bulbs, are another victim. Between 2004 and 2007, 205 sets of traffic lights were smashed, costing the council nearly £17,000 to repair. There have even been claims that drunken youths have attempted to set fire to grass.

     

     

    In 2002, the branches of Moss Pharmacy in the town changed their colours from green and white to red, white and blue. There have also been reports that Telewest phone boxes – originally green – were vandalised and reappeared blue. And while a local chain of Indian restaurants has a green and white livery elsewhere, in Larkhall it is blue and white.

     

     

    Another example is the railings of the local park. In the 1990s, the council painted them municipal green, an act which proved unpopular. In 2001, a resident painted a stretch red, white and blue, and, with the support of Karen Gillon, the local Labour MSP, the Queen’s colours were retained.

     

     

    But perhaps the most high-profile example of the town’s hue-hatred came in 2006 when Graeme Dott, one of Larkhall’s most famous sons, won snooker’s world championship.

     

     

    The tournament is sponsored by 888.com, whose colours are green and white. Dott refused to show the trophy at Ibrox Park, home of Rangers, unless the ribbons were swapped for blue.

     

     

    Jackie Burns, a local councillor, says the town, which has 2,000 Catholic residents, is being portrayed unfairly. “Larkhall is an integrated, mixed community,” he said. “It is similar to many towns in the west of Scotland and I am certainly not aware that it is in any way different.”

     

     

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  20. Having read that DR article on Ellis, Keith Jacksons’ love affair with Moonbeams remains as strong as ever. Wonderful journalism, eat your heart out Jon Pilger.

  21. Willie, you are even worse as a Referee than you where at Quasar! Are you good at anything?

  22. I can’t get past the feeling that there’s more to the timing of Ellis’s announcement than meets the eye …

     

     

    Or are we simply to believe that his is another name to be added to the growing list of seemingly savvy business peepil who have been duped by the Motherwell born Machiavelli … ?

     

     

    paranoidandroudofit.CSC