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. Prospective owner of the huns wants agree a CVA with creditors and then talk transfer targets with McCoist.

     

     

    Or in other words, stiff all of the folk the club owes money to and then spend cash on new players instead.

  2. roy croppie on 10 April, 2012 at 10:34 said:

     

    Question to Collum: Can we see the eyes on the back of your head? can we?

     

     

     

    No …. but he can.

  3. Serge on 10 April, 2012 at 10:15 said:

     

    NewCo Training Gear 2012/13

     

     

    cheers, now we know were Wullie Bluenose got the shoulder moves from in his world class vidjoe.

     

     

    we dont do walking away.

  4. Gordon_J backing Neil Lennon on 10 April, 2012 at 10:35 said:

     

    Prospective owner of the huns wants agree a CVA with creditors and then talk transfer targets with McCoist.

     

     

    Or in other words, stiff all of the folk the club owes money to and then spend cash on new players instead.

     

     

    …………..

     

     

    Now thats

     

     

    DIGNITY!!!!!

  5. another thing how big a moron would the new owner have to be to keep on TFPLG? He’s shown he has no eye for signing players and can’t win big games!

  6. ghuys

     

     

    i can confirm the story re. larkhall

     

     

    i once worked for Stepek.We put a green leather suite on display in the shop window.Guess what …one of the local tribe came in and advised the shop would be burnt out if it wasnt removed that day!

     

     

    HAIL HAIL

  7. Was doing a bit of checking into the new singapore saviour of the huns, Billy ( boy ) NG.

     

     

    Could not understand what his team Hougang United FC have in common with Rangers FCIA

     

     

    On their official website

     

     

    Home Strip—Orange

     

    Away Strip —Blue

     

    Nickname —-THE CHEETAHS

     

     

    Understand you now Bill.

     

    Huns will make you welcome knowing that

  8. The Comfortable Collective on

    Question for collum.

     

     

    “Apart from rangers (TWICE!), have you ever given the same team three penalties in a single SPL match?”

  9. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Dave Ellis´s father and Sir David Murray go back a very long way..very tight.

     

     

    They are neighbours Guernsey .. have been for decades.

     

     

    Dave Ellis now coming out at this stage is pall art of the Murray charade and right on cue.

     

     

    Hail Hail

  10. Imatim and so is Neil Lennon on

    2010 Never Again

     

     

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

     

     

    ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

     

     

    Willie!…What does it feel like when you look in the mirror and what looks back at you resembles a toadying, weak, pitiful, pathetic excuse for a human being wearing an apron?

  11. Son of Warsaw on 10 April, 2012 at 10:57 said:

     

     

     

    Hi Willie, do you still keep in touch with Hugh ?

     

    ____________

     

    That’d be good, followed up with ‘What did you think of the Pope email?’

  12. How thick are these bears?

     

     

    We have a Ellis saying he will go to court for his rightful 25% of Rangers and in the same paper they are talking about getting CVAs and selling the club to a 3rd party.

     

     

    There is no way any sale or transfer of shares can be completed whilst there is a dispute over how much Whyte actually owns and whether somebody else in fact owns a large chunk, and a large say, in the business.

     

     

    D&P are Whyte’s handpicked men. D&P will liquidate. D&P were always going to liquidate.

     

     

    D&P are legneds

  13. Imatim and so is Neil Lennon on

    Folly Folly on 10 April, 2012 at 10:31 said:

     

    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

     

     

    ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

     

     

    2010 Never Again

     

     

    Just another coincidence no doubt.

     

     

    Whatever happens, don’t mention the name David Murray in any of this

  14. Jungle Jim on 10 April, 2012 at 10:26

     

     

    “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.”

     

     

    I’ve never heard of Jackie Burns. Jackie Burns is a liar.

  15. Ellis has picked his time, hasn’t he?

     

     

    Mind you, I do remember newspaper talk of him getting 25% of the shares once Whyte took over.Not that that counts for much – good job he shook hands with Craigy boy on the deal. No way he can walk away from that.

  16. You simply could not make it up.

     

    According to the Guardian forty two year old Chancellor, or if you please Chancer, George Osborne has just discovered that many of Britain’s rich don’t pay their taxes.

  17. FF are hilarious.

     

     

    Whole thread on how Miller and the Americans should be ruled out as they have history with Ellis and Ellis is dodgy….however Paul Murray who was a non-exec board member during the EBT wheeze that has killed them is a top man and a saviour.

  18. Stefferano del Bhoyo (but you can call me Neil Lennon) on 10 April, 2012 at 10:28 said:

     

     

     

    Hey Willie, if a tree falls down in a forest and you’re not there to see it, do the huns still get a penalty?

     

     

     

    Great !

  19. If Bill Ng takes control he wants to win a second European trophy for Rangers.

     

    Comedy Gold.

     

    Moonbeams from the far east and someone better tell him about Europe!

  20. Hey: I think I may have spotted something …

     

     

    DBBIA goes, Declan steps up to the plate.

     

     

    DBBIA comes back, Declan disappears.

     

     

    Hmmmm

  21. Folly Folly on 10 April, 2012 at 11:12

     

     

    Thanks for the link Folly.

     

     

    He does have a kind of delusional countenance. The shirt, however, pretty much screams delusional.

     

     

    HH

     

    Monaghan

  22. 67Heaven ... I am Neil Lennon..!!..Truth and Justice will always prevail on

    Folly Folly on 10 April, 2012 at 11:20 said:

     

     

    I take it that’s not the communion plate…..LOL

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

     

     

    How did you find playing the gimp in Reservoir Dogs,was it harder that playing a referee?

  24. Lennon n Mc....Mjallby on

    DBBIA

     

     

    Welcome back! Did you just refrain from posting or was it lurking too? If it was both I don’t know how you managed with some of the days we’ve had on here but welcome back you’ve been missed.

  25. Off topic: I see our very own Philvis is appearing as ‘Today’s featured article’ on wikipedia:

     

     

    FF

  26. googybhoy

     

    member of Cardross,left BT after 37 years toil in August last year 64 this year,loving retirement,got my health,lost a very good friend three years ago this June great Celtic Supporter,and have mentioned on hear was at the Vale hospital last night visiting another great mate and longtime friend who has lung cancer due to Asbestoses Auld Heid Lennon no ,s him as well

  27. Before anyone calls me a hvn, I have posted here since CQN’s 1st year in 2004 and have met many of the regulars on several occasions.

     

     

    I am not trying to be in any way controversial, but I am genuinely concerned that Joe O’Rourke’s Titanic tweet is being airbrushed into banter. Joe needs to resign. I am prepared to give him the benefit of the doubt that he is not a bigot, but perception is everything, and his tweet in no shape or form represented me. My club is better than that. Probably doesn’t matter, but for the record I am an atheist.