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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Is wee Terry a CQNer.?……he’s brilliant on that Clyde phone-in
Vinibhoy
Both Imbeciles.
Cant work out Jim Spence. He always seems to withdraw at the vital moment. Wished I had put that better
HH
BBC Alba programme actually very good, very enjoyable. John Kennedy feature now.
bournesoup..,
bang on, we should never let them take us for granted ever again.
lennon’s passion on 10 May, 2012 at 21:00 said:
‘Ernie
Read Alex tommo latest blog,can`t see a CVA happening.How does CW make any money out of liquidation. Cheers in advance.’
Through the floating charge.
Post liquidation either someone buys the assets and he gets paid or he takes the assets in lieu of getting paid and rents them to whoever wants to use them.
lochgoilhead bhoy on 10 May, 2012 at 21:19 said
Yip, I’m with you, the last time I heard so much deep breathing I thought I was listening to a dirty phone call – it was a call centre though :-0
Awe_Naw_No_Annoni_Oan_Anaw_Noo on 10 May, 2012 at 21:20 said:
Any man that “withdraws at the vital moment” is not a real man in imo.
BT – thanks for the heads up re Club TV
Paul67 – very well done tonight! No surprise to us really! Loved the decade of dominance hope your saving the G o D for your return visit!
Martin42 – hope your well – standing up for the champions!
Awe_Naw_No_Annoni_Oan_Anaw_Noo on 10 May, 2012 at 21:20 said:
I really think Jim Spence is a good guy. Unfortunately he has to share a platform with the bully Traynor and the eejit Young.
Paul 67,
Well done on the Shortbread performance……as usual, outnumbered by the energetic forces of ranjurs protection league – Jumbo, chico and ‘Ally’ , but you emerged dignity intacto……………..
Jumbo and chico seemed a little flustered, ‘Ally’ – an irrelevance……….
Keep on keepin’ on.
HH
This whole process will take months if not years to complete
The huns will prevaricate,deny,deflect for ages over the second contract issue
The know they are in the wrong yet they will refuse to admit it because they know the only proper and possible punishment will destroy their history
Expect them to hire the legendary Bob Massingbird as their defence counsel
blackadderCFC
HH
Awe_Naw_No_Annoni_Oan_Anaw_Noo on 10 May, 2012 at 21:20 said:
”Cant work out Jim Spence.”
He’s too nice. He just wants everyone and everything to be nice.
Nice. Nice. Nice. Nice.
ernie lynch on 10 May, 2012 at 21:23 said:
Top man
Wee Spencey is one of the good ghuys…………..
No way to treat Scotish Culture
Sorry for going off topic but thought this was funny
Bugger link didn’t work. Sorry.
right away out to meet FFM even though he’s no coming I’ve got a free pass and I’m using it.
Don’t know if this makes me a kind of ‘Lesser Tim’ but is anyone else……..
BORED TO THE BACK TEETH WITH RFCIA??????
I know its v important but I’m begining to wane!
bankiebhoy1 on 10 May, 2012 at 21:26 said:
‘Wee Spencey is one of the good ghuys…………..’
True. But he’s not exactly confrontational, is he?
TET
https://rangerstaxcase.wordpress.com/2011/10/18/the-wee-tax-bill-a-scam-explored/
http://www.youtube.com/watch?v=jSz1ybExn1s
Sorry for going off topic but thought this was funny.
Second attempt so here’s hoping.
ernie lynch on 10 May, 2012 at 21:30 said:
bankiebhoy1 on 10 May, 2012 at 21:26 said:
‘Wee Spencey is one of the good ghuys…………..’
True. But he’s not exactly confrontational, is he?
Shut it Ernie………..
Only joking. Does he need to be confrontational?
Aaaargh the link creator hates me.
test
Lochgoilheid………
at least he’s a start…….
And at least he’s not the other three mouthpieces.
Season ticket renewed to-day – Still ma Celtic
Just for a change of mood.
Does anyone know why, in cockney rhyming slang, the sum of £15 is referred to as a Lionel, as in Lionel Richie?
No, well let me inform you of the tortuous logic involved with cockaney argot.
The sum of £5 is known as a Godiva, a fiver, and, over time, this was further obscured to become a Lady, as in Lady Godiva.
Well, round about 1978, some bright spark decided to give a cockney slang name to the awkward sum of £15 and, since the Commodores with lead singer, Lionel Richie had just released a new hit single, he called it a Lionel.
Oh! and the song was:-
“You’re once, twice, three times a lady….”
Paul you came across well tonight.
When I heard you were on thought you had been successful in Wednesday’ Lottery and you were the mystery buyer. Now there a thought!
Good headlines but empty by CW offering shares is really nothing because his main leverage is the floating charge which is held by one of his companies and is not attached to the share holding. D&P could have always and still can sell the assets regardless of who holds the shares.
No doubt we can expect a barrage of ‘good news’ by MSM over the next few days. TBK’s seem to have dropped down the pecking order obviously CW does not think he can get as good a deal from them as his buddy Ellis,sorry, the mystery bidder.
Presumably we will get a few weeks of the CVA shuffle before is all goes boom.
TC
Thanks
So reading that, I doubt that the sfa/spl were informed that said players were getting paid through trust in a tax haven.
The hun have already admitted liability for this scam, so why are the spl not acting on this ?
It seems from a laymans position that they have already admited to cheating.
And still the spl / sfa don’t want to punish them.
What is the point, the games a bogey.
…………………………………………
Just heard you on shortbread Paul.
Concise and to the point, well done, but I thought you might have got a wee bit in about all the clubs being cheated…..
I know, I know :>)))
…………………………………….
Vinibhoy
I also heard Chic say that as well, slip of the tounge, I doubt it.
I have corresponded with a few people via e-mail about it, and to a man, we are not convinced.
SFTB – what a load of Lillian Gish ! :-)
Thanks for sharing.
T4
Paul, well done on Radio Shortvread , pity Chick and Jabba were around , you and spencey could have had a good chat about thei important matters without the double act butting in
BlantyreTim cheers for the heads up on BBC alba , there footie show covering the celtci youths is always good , enjoyed the feature on the Thai Tims
Setting free the bears – Things you never knew
Why do Yanks only eat with a fork in the right hand? Well……… when they Plymouth folk were sailing over to America there was a storm and all the knives went overboard. So… what they did was sharpen the last fork on a fork so they could both cut and then jab food before putting it in their mouth. Ever since that day Yanks have only used the fork for both cutting and jabbing!!
I thank you… Want some more?
Saint Stivs on 10 May, 2012 at 21:00 said:
==============================
St Stivs can def remember Mathieson from school, a year or two above me, a weasel of a boy.
HH
pintaguinness – there was even one on Corrie tonight, the origin of the word Nylon….!
T4
lochgoilhead bhoy on 10 May, 2012 at 21:34 said:
”Does he need to be confrontational?”
It would be better if he was capable of being confrontational.
His heart’s in the right place but he doesn’t seem to have the courage of his convictions.
pintaguiness
Is it a useless facts war that you are starting?
Round 1: There are 4,000 wolves in Byellorussia
tommytwists answer ?
Auldtim, aye.
navanbhoy, cheers.
Lennybhoy, too true.
Vinibhoy, thanks, agree.
bournesouprecipe, well said.
lochgoilhead bhoy, I thought all the BBC guys were good to me tonight, allowed me to respond to whatever points they raised.
minx1888, yes, I’m saving the G.o.D. for a later date……..
bankiebhoy1, cheers. Agree on Jim Spence. The non-Glasgow perspective he brings is refreshing.
Deekbhoy, that’s worth buying a lottery ticket for, just in case!
Exiled Tim, focus, eye on the prize. Make reasonable claims and you make progress.
DougC, cheers.