Breaking news! Craig Whyte agrees to sell his shares for £1*!!!
So the story goes. The * is important. *He’s agreed to sell his shares for £1 if a CVA is agreed. Coincidentally, this decision comes a day after Ticketus inform journalists (and perhaps Mr Whyte’s briefs) that they will sue the Rangers owner for £27m.
Of course, if a CVA is agreed, Ticketus still own the tickets for the next three seasons they bought from Rangers in the early months of Whyte’s tenure. They therefore cannot pursue Craig Whyte. Get a CVA – get Ticketus’ lawyers off your case.
Channel 4’s very well informed, Alex ‘Tomo’ Thompson, who appears to have spoken to Mr Whyte tonight, reminds us all of the crux of the matter:
“And then that leaves the floating charge Mr Whyte has over Rangers – effectively another large separate financial stake in the club and I can reveal this is still to be negotiated away somehow. This is where the tough-talk has still very much to be done.”
Despite the headlines, it appears that Craig Whyte remains….. The Only Show in Town. He’ll assist a CVA but the “tough-talk” over the stadium, his real asset, has still to take place.
Let’s not mention the chances of getting a CVA past HMRC.
You can buy a hard copy of the new issue of CQN Magazine via Magcloud here.
The graphic below is just for a flick through, to read the magazine go here to it’s dedicated site.
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Cancel that weather report Ealing weather it’s just got grey and windy…brrrr
Ellbhoy
alas I think you are spot on .
hail hail
Saint Stivs on 11 May, 2012 at 09:18 said:
Very kind Saint Stivs….you’re easily pleased! :-)
The main reason was to let any long-time CQNers who may have lost touch with McGrain In Spain know that he is fit and well and loving The Hoops as much as ever.
If only I could get my work to sponsor me to travel the globe to catch up with CQNers what a good job that would be…I think!
Hope your Brother is well too, please pass on my best from Tyneside No1 CSC.
Subliminal lyric from Proclaimers’ new album: “I thought happiness was ice cream and football”. And here was me thinking they were hibbies too….
sixtaeseven: No NewCo in SPL and it’s Non-Negotiable! on 11 May, 2012 at 07:16 said:
Glad you can feel the thunder in the air even in Paris. As a prelude to the main event the concert at Lally’s Concert Hall last night was so totally right. Besides the tremendous performance from the Thai Tims at the climax of the show the performances from the 9 other acts was superb. It took me back to shows I went to as a child and the atmosphere in and around the venue was great.
A fantastic memorial to Reamonn Gormley and his family, well done Paul Lennon, the Good Child Foundation, Celtic staff and of course the champion manager Neil.
Can you feel the thunder.
HH
From the current edition of The Federation of Small Businesses The Voice
Company Law – Re-Using a company name after liquidation
The effect of Section 216 of the Insolvency Act 1998, which restricts the re-use of a name previously used by a company that has gone into insolvent liquidation, is explained in a new leaflet published by the Insolvency Service.
Under the Act, a name by which the liquidated company has been known at any time during 12 months immediately prior to the liquidation is ‘prohibited’, whether it is registered at Companies House or merely its trading name. The restriction applies to persons who have registered, or acted, as a director during those 12 months and bars them from being a director or taking part in the formation, promotion or management of a limited company using the prohibited name
Further info @ http://tinyurl.com/bizinf-12d17
How do you like them apples ?
Totally gutted.!!!!! :-((((((((((((((((((((((
Nay Mark Hateley piece today !!!!
Awe Naw
Get the guitar out and pen another classic
My boss is Peter Principle on 11 May, 2012 at 08:48 said:
Good morning Ghents,
Looking for a bit of info on Nuff n Helps, Who Pay’s them their fee?
———————-
Rangers do.
SOAL
I will attempt to do a gay Billy Mo well when the happy news finally comes through
I have already penned two numbers
I know your desperate to hear me again but you will have to wait. ;-)
Hail Hail
Awe_Naw_No_Annoni_Oan_Anaw_Noo 9.43
I only glanced at a couple of pages this morning as I passed through the newsagents but I could have sworn I saw his ugly mug grinning out from the inside back page.
Praecepta
Noticed your ‘riveting’ story from 22:42 last night re: Clydeside shipyard shenanigans.
In the early part of the 20th century, one of my dad’s uncles worked for a time as part of a riveting squad with Lobnitz in Renfrew.
He was on the ‘inside’ team one day when he didn’t hear the shout that the next red-hot rivet was on its way … upon being struck the rivet apparently whizzed through to the steel plate unopposed, searing my great uncles eye out by the socket as it brushed past his cheek.
Needless to say he was nay use to the riveting squad after that, but he got some handsome compensation which allowed him time to find another job: this time as a steward on White Star transatlantic journeys.
He tried to emigrate to the US, but was refused permanent entry on account of having only one eye.
Undeterred, he made his way to New York via Canada and found work as part of the maintenance team at Madison Square Gardens.
As time went by the sight in his good eye started to suffer due to problems with his retina, but he was fortunate to be offered a ground-breaking new eye surgery technique which saved his sight.
One night, a short-time later, the buzzer in his flat called him to the door. Having only sight in one eye, he turned to his blind-side and whacked his head off an open door …. Losing the sight in the recently saved eye!
It even turned out the caller had pressed the wrong buzzer.
Lucky white heather?
He died a good Celtic man, though!
FF
Someone has just sent me a tweet from Islam Feruz. Total shocker.
Not sure if he has a Twitter account or if it’s a parody account but the boy has went way down in my estimations in the last year.
LB
cavansam
Maybe its not online but in print.
These guys have no heart.
I need my fix
HAil Hail
st martinsbhoy Can you throw any light on why there Newcastle fc blogs seem to be anti Celtic My mates a Geordie, working in Glasgow, and mad Newcastle and Celtic fan can not understand why this is. One thing that surprised him was the Orange Strip they wore a few weeks ago where did that come from?
Keech Jackson strikes again……
“A mysterious London-based consortium are among those who FLOCKED to the table following the withdrawal of American Bill Miller on Tuesday.”
Jeezo, and they award this muppet the Sports Journalist of the Year…
this one could almost be put on par with his Billionaire and off the radar wealth and warchest nonsence,
So its the English consortium. Or maybe Kennedy and Murray P. And Ng may be back on the scene.
From going to one bidder and then losing him D&P seem to have resurrected a few more. Zombie bids to form a Zombie Rangers? Still, gives them something to do doesn’t it? Got to earn those hundreds of pounds per billable hour somehow.
Perhaps the answer is a giant consortium. Get them all to join together, each putting in the money they said they would, and then the creditors might get something of a return. Sort of like a Live Aid for huns.
Well if Labour and the SNP can come together to run Edinburgh Council then anything is possible.
don cambello
I know two Sunderland fans and they always tell me that Sunderland is closer to Celtic than Newcastle in the NE.
I went to Beardsley’s testimonial and they were not friendly. Shearers was worse and their fans were throwing bottles at us outside the ground.
The Toon army are not great in my eyes and I have no place in my heart for their team.
LB
don cambello
I know a Geordie that lives in Glasgow that is passionate Newcastle and Celtic fan also, I wonder do we know the same person??
Is your friend called Peter?
Hail Hail
Roccobhoy
jimmci on 11 May, 2012 at 09:55 s
SKY has a “flurry of activity”
Hail Hail
Awe_Naw,
I’m sure if somebody gave you a couple of pointers from the printed version you could make up a fairly accurate online version! If MH read it he’d probably claim it as his own words anyway.
MJM
roccobhoy not the same guy
roccobhoy on 11 May, 2012 at 09:20 said:
I’ve read the perry slaw blog on WordPress.
Very interesting and a good addition too the debate.
It goes a long way to explaining the mindset that exists in the Rangers community that expects/demands total domination over Celtic.
It even goes some way to explaining why they can reacte so violently in victory, winning isn’t enough, total domination is what they crave.
Thanks for pointing the blog out.
don cambello, 09:55
in keeping with the thread over the last 24 hrs I can suggest why – shipyards. There was a piece in the Saturday Independent some 6 weeks ago about a photojournalist book on Newcastle in the 70s and 80s. The photographer was saying about anti-Bobby Sands graffiti and how it had come via the shipyards, where the Orange Order was strongly represented when they imported the skilled labour from Glasgow
Neil Lennon on talksport any minute now.
Preferred Bidder……There’s a Freddie coming over the hill and it ain’t Kruger.
A bit off topic – sorry.
Just noticed that all my posts on the RTC blog seem to be Awaiting Moderation. Is the site pre-moderated or am I doing something wrong??
our leader speaks
http://www.talksport.co.uk/radio/how-to-listen
LiviBhoy – Nope, that is his account. The lad seems to have joined the right team anyway…..
Don Cambello, no worries.
Doc is Neil Lennon
No worries at all mate.
Its really excellent and as you say, their despicable mentality is all about total domination or Celtic, minorities etc.
They are a truly despicable breed mate, and that article strongly infers why.
Hail Hail
Roccobhoy
LiviBhoy on 11 May, 2012 at 09:49 said:
Someone has just sent me a tweet from Islam Feruz. Total shocker.
Not sure if he has a Twitter account or if it’s a parody account but the boy has went way down in my estimations in the last year.
LB
+++++
His account’s Feruz10 – can’t see anything particularly poor taste from it recently.
Kennedy must be wrong as Duff&Duffer have 3 bids with all the finances in place…
Brian Kennedy has warned that Rangers will be liquidated if he isn’t put in charge of the club today alongside Paul Murray and the mysterious Blue Knights.
The Edinburgh born businessman has been in and around the Rangers crisis for three months but claims that today is the deadline for saving the club.
Kennedy is expected in Glasgow today and issued a blunt warning to Duff and Phelps through the Daily Record.
“We have now arrived at the end of the road,” he warned. “If our bid is not accepted in the next few hours then, most reluctantly, we will have to withdraw from the process by lunchtime.
“Let me be absolutely clear. This is not brinkmanship or an empty threat.
“We have a plan to save this club but my lawyers, Walker Morris, have advised me it will not be possible to execute a CVA unless, on Saturday morning, we begin working, full-time and flat out on due diligence and documentation.
“Any later than that and our plan cannot be delivered with any legal certainty.
“For that reason we’ll be forced to withdraw our offer today and neither I nor any member of the Blue Knights consortium will be left as the last man standing.”
Monaghan1900 on 11 May, 2012 at 09:46 said:
My boss is Peter Principle on 11 May, 2012 at 08:48 said:
Good morning Ghents,
Looking for a bit of info on Nuff n Helps, Who Pay’s them their fee?
———————-
Rangers do
Thanks for the response, How is this done though, If they have no money left? Do they ring fence money at the outset or does it come from the sale?
jimmci on 11 May, 2012 at 09:55 said:
Keech Jackson strikes again……
Pathetic as usual mate,Murray couldn’t get a single bidder in 4 years,they try to get the stupid huns to believe it’s like Harrod’s Christmas sale.
PAWEL BROZEK has walked away from Celtic, bitter at alleged broken promises made by Neil Lennon.
The Polish international has been released from his loan deal at Parkhead and has packed his bags and left after a frustrating spell with the champions.
Brozek has spent four months kicking his heels on the sidelines having seen a highly exciting move to Glasgow turn sour.
With Hoops boss Lennon scouring Europe for a striker during the January transfer window, the Pole ended up the preferred choice as he sought a move away from Trabzonspor.
Denied playing time in Turkey, Brozek wanted away to keep alive his hopes of making Euro 2012 and believed a switch to Celtic as his ideal opportunity.
However, Lennon stayed true to his tried-and-tested stars during the league run-in.
With the title on the line, Brozek was barely sighted. He was handed his debut against Hearts in February as a late sub when the game was already won with Celtic leading 4-0.
It was the same story a fortnight later when the 29-year-old was given only the last 13 minutes of the home game against Dunfermline when the team were 2-0 up.
Perhaps Brozek’s Celtic stint was summed up when he finally got a start against Motherwell after the title was wrapped up.
Having struggled at Fir Park, the Pole sat forlornly on the bench after being hauled off and watched his replacement, teenage novice Tony Watt, hit two quickfire goals.
That humbling experience darkened the Pole’s mood and he has now turned on Lennon to claim the manager was not true to his word.
Brozek said: “Things did not work out for me as planned. I changed club as I wanted to play as much as possible.
“I do not want to complain about any of the other players or say that the coach did not like me and that is why he did not choose to put me on the pitch.
“But the facts are there that Neil Lennon promised me something and then another thing happened afterwards.
“I did not get many opportunities from him and I was left dry of games.”
Ironically, despite his awful time in Glasgow and subsequent fears over starring at the Euros, he does have a crack at this summer’s tournament. Brozek was named in a provisional 26-man squad for the finals in his homeland by Poland boss Frantisek Smuda.
The national coach believes the hitman can still produce for the nation, despite his lack of playing time in Turkey and Scotland over the past year.
Smuda has taken the squad to Turkey and Brozek was given permission by Celtic to miss the final game of the season, against Hearts on Sunday, to join his countrymen on the jaunt.
Brozek said: “I saw it on the TV that I was included.
“I had a lot of concerns because I did not play regularly at Celtic but I was being told by people that I would be included.
“It is not for me to say that I am included fully because the coach has not taken the squad down to the final 23 players yet.
“Only when I find myself in that final group will I be sure of being at the Euros.”
Polish boss Smuda is convinced the attacker has the quality to recapture his best form. He said: “Brozek has been for years one of our most talented strikers.
“He has scored goals against Argentina, Mexico and Hungary and, with three weeks to prepare, he will be able to enter the finals of Euro 2012 and show his class.”
● Mexico midfielder Efrain Juarez is set to leave Celtic in the summer. The 24-year-old has been on loan at Real Zaragotha this season and Hoops boss Lennon said: “It might be best for him to further his career elsewhere.”
This might be a rather stupid question, but have the administrators actually made any real inroads into getting some of the creditors monies back?
My knowledge of the administration process is minimal but stupid old me thought thats what they were legally obligated to do.
Tick tock
What a mess !
It will take a long time to clean it up.
It could be a long summer.[ it may have to made longer ]
Warm and sunny -way down south . 90 and rising —-real heat will come in late July and August.
Lots of work to do —- will be going to Catania v Udinese —- a draw or a win will get Udinese 3rd place in Serie A and a preliminary tie in the Champions League . A big achievement for a small club from a small city. Udinese’s buy cheap / develop and sell big policy will see the likes of Isla, Armero, Asamoah, and Handanovic leaving and replacements arriving from Brazil , Argentina , Uruguay, France and Holland.
Thinning /weeding chickpeas CSC -Way down south.
Looks like the Blue Knights are going to be left with blue balls: forced to withdraw and not one man left standing.
;o)
Intenet Bampots CSC