In three months Duff and Phelps have not made an inch of progress on the key issue, the Only Show in Town, Craig Whyte, who has security over the stadium and Murray Park is extremely likely to inhibit any attempt to dispose of these assets against his will.
Without a stadium the SFA and SPL cannot licence and admit a football club. While Duff and Phelps may have preferred the SPL to negotiate directly with the owner of Newco (once he was appointed), they were not in a position to ask the SPL for admittance yesterday without a stadium – perhaps a more practical explanation as to why they didn’t attend yesterday’s meeting.
Now that a CVA has finally been acknowledged as undeliverable, players will leave Rangers after Sunday’s visit to St Johnstone as free agents. There will be no Newco on hand to offer them a new deal. Those who can, will find employment elsewhere. This will be more than just the headline players, I know youth players at all levels have been scouted by clubs across Scotland and England. The chance to scoop up another club’s prime youth talent for free will not be passed up.
Getting a deal done this week with the SPL, the SFA, Bill Miller and the players would have allowed Duff and Phelps to maintain continuity, with Newco taking over for Sunday’s game. This will not now happen. The finger Duff and Phelps placed in the dyke back in February is set to slip.
Staff who cannot find employment elsewhere will remain at Rangers until 31 May. If Duff and Phelps sell ‘the club’ before that date, players who want to transfer to Newco can do so under TUPE regulations, which maintains their pay and conditions, however, they will be unable to transfer their player registrations until Newco is a licenced football club (which is dependent on SFA approval, which in turn will indirectly be dependent on Craig Whyte disposing of the stadium).
Duff and Phelps have no money to fund Rangers FC after 31 May, so must sell all assets before that date or the padlocks will go onto Ibrox and Murray Park. Yesterday was their last best chance to pull a deliverable deal together.
The fact Duff and Phelps didn’t even turn up to the meeting, and yesterday evening Neil Doncaster told Radio Scotland they didn’t return his calls when he phoned to ask why, indicates how on-target plans are.
Incredibly, I read one newspaper today suggested ‘Rangers [were]to benefit from SPL delay’. Where there’s life, there’s hope, I suppose. Somehow I cannot see Duff and Phelps’ Clark and Whitehouse high-fiving at the prospect of withdrawing from yesterday’s meeting. It is more likely that an undignified disintegration of a football club is set to take place in the weeks to come.
On a separate note: Just when Duff and Phelps would have presented Craig Whyte with a take-it-or-leave-it offer for all his assets, Brian Kennedy nips in as a second potential bidder for the stadium. Unless Kennedy is putting more skin on the table than Bill Miller all he is doing is fortifying Whyte’s negotiating position.
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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Wasted Time
A minute passed as he paced the floor
Every other second glancing at the door
They’d said they’d be here, come on time
The clock on the mantel, another chime
An hour passed, the next one went
Another story, he’d have to invent
How many days now had gone by?
He’d bent over backward to comply
Another month that’s gone to waste
He’d tried his very best to embrace
A corrupt solution, thrown integrity away
All because they want their day
Some of the utterly bizarre decisions this season- including that one last night- just go to prove that a refereeing position should be a full time career choice…not just an opportunity to make some pocket money for guys who already have jobs…like chief constables, lawyers, Doctors, Accountants etc…it has to be a full time commitment if we are ever to improve the state of refereeing in this country.
fanadpatriot
I assume you know young Darren or his family? I always thought he was a Tim myself.
LB
I wonder who rangers will send there this year to help with their South American expansion?
Soccerex are delighted to announce that Aldo Rebelo, Minister of Sport for Brazil will be participating in the official opening ceremony of the Soccerex Global Convention, 24-28 November, Rio de Janeiro.
He will be joining Soccerex Chairman, Tony Martin as well as other dignitaries for the ceremony which takes place on the Monday morning of the event, after the weekend’s spectacular Football Festival on Copacabana Beach.
Aldo, who attended the Soccerex Global Convention last year, is a key player in the successful delivery of the World Cup and will provide insights into the Governments plans and progress. Duncan Revie, Soccerex CEO commented ‘With the World Cup fast approaching, to have such an important member of the event’s delivery already confirmed to open our event is a great privilege and a mark of great distinction for Soccerex.’
The Soccerex Global Convention is a five day business event consisting of a comprehensive seminar line-up, a number of networking opportunities, a two-day football festival and a packed exhibition which is already close to selling out.
Held in a purpose-built venue within the Forte de Copacabana with panoramic views of both the famous Copacabana and Ipanema beaches, the exhibition is a hub for business activity; as one of the main components of the convention it provides a platform for leading suppliers from around the world to showcase the latest industry products and services to delegates.
Livibhoy13.50
No question he was/is a Tim,but he left Celtic East and went to play in the Pro Youth league with Rankers,he was quoted as saying that if he had to chose between Celtic and them,he in all probability would had picked them.
That is my recollection of events at the time,I may be wrong but I don’t think so.
LB
Agree about Dunfy – awful this season. Not much better last night. I also cant see hibs winning the final unfortunately. Man for man, the jambos have a better midfield – more athletic and more pace. They should be too strong for hibs, unf. They are a well run club financially, and i agree, this is not playing itself out on the pitch. they should be in the top 6 easily. clearly managerial choices have set them back years. i hope there will be swingeing changes over the summer. McPake looked comfortable on the ball and there were plenty of calls to ‘sign him up’ from the stands. i agree – fenlon should be on the blower to neil over the summer to see which of our youths could head over there – at least our lads are super-fit, athletic and try hard. is it the boy lawson who’s doing well at st mirren? they would benefit a lot from a year at hibs. yeah, brown punches (late) a bit too much for me.
LiviBhoy on 8 May, 2012 at 13:19 said:
Gincher67
My wife wanted to go last night but I grudged the money to be fair.
We watched in on TV and to be fair they started well and got the win they needed. If the Pars had been better this season Hibs were in real trouble. They have been terrible and Fenlon has turned it around slightly and got them to the cup final. I can’t see Hearts losing that one to be honest but will want Hibs to win it. Hibernian are a club that is ran well financially but suffers on the pitch.
All clubs well run should be thriving in this league just now with the lack of cash but Hibs are really struggling. They rely on youth and Celtic have made in roads in the east of Scotland to pick up more youngsters and Hearts have improved on that too. Hibs used to always have the pick of the players as their youth system was excellent. McPake looked the best player on show for them last night but there is not one player in that side who would even get in our squad.
Darren Fletcher of Man Utd was on Celtic’s books as a youngster. He was taken in a taxi to Celtic BC East training and games because his folks didn’t drive and then chose Man Utd over us when he was old enough. Hopefully those days are gone. Celtic need to pick up as much young talent as possible from all over Scotland. Could we loan some youngsters and squad players to Hibernian? Cervi could certainly do with some SPL experience and there must be some other youngsters who would benefit from a run of games. Loan moves usually mean that the player is surplus to requirements but sometimes it can launch a players career.
BTW – Mark Brown was woeful between the sticks. Never looks comfortable. How he was at Celtic for so long I will never know.
LB
Asked keevins and co last night if brines & murray were being taken to task abt conspiring to get Neil sent off at £and? Keevins jumps on the word conspiring and fails really answer the Q. DAMMMM. Ill try it in Esperanto next time!!
!!Bada Bing!! on 8 May, 2012 at 13:09 said:
DBBIA-I believe the club took ownership of the school after a bit of haggling with the council.There was major flood damage and a bit of a stand off to see who picked up the tab.It is to be the Club Museum ,last I heard.
—————–
Heard similar about haggle over costs to upgrade/ repair but that plans were for a museum and restaurant. Went past it yesterday and, with CP and the new sports arena for the Commonwealth games looking resplendent, can’t believe they will not have it refurbished in time for 2014 as looks totally out of place in its current condition.
VFTES @VFTES
@RichardGordon48 We have our say on the RFC Newco – http://voicesfromtheeaststand.wordpress.com/ plz RT
Retweeted by Philip Jack
Well fans don’t seem to want the huns back either…
No one likes us
We don’t care…
“Without a stadium the SFA and SPL cannot licence and admit a football club.”
Paul we did not have a stadium back in mid 90’s when the bunnet was rebuilding CP. At that time we rented Hampden, is the non availability of a stadium not negated by the option to rent another stadium as an interim solution?
DBBIA re the ole school.
The school is a grade b listed building completed in 1907.The difficulty in conversion of these types of buildings is the costs involved in refurbishing older buildings to comply with current Scottish Building regulations particularly in line with fire compartmentation,disabled access compliance across all floors and insulation values.
Not to mention a complete renewal of internal services,water,drainage.electrics,ventialtion etc.In some cases it is more cost effective to build from scratch if possible or demolish.
Historic Scotland would certainly comment on any proposals and my own experience of them is that they are not the most proactive and helpful organization in dealing with this type of building renewal.
However approx 50 yds away,adjacent to the Velodrome and currently going through planning[and supported by Glasgow District council] is a new mixed use development of a new 160 bed hotel with meeting rooms,bar,restauarnt,approx 4 large licensed bar/restaurant units,retail units and a medical centre .The development is due for completion prior to the 2014 Commonwealth games.Significant work has already taken place in terms of site preparation and some well known hight street and local operators are being sought as anchor tenants,the athletes village nearby will also be returned to approx 400 homes after the games.
At this point Tulip hotels have been appointed as the hotel operators..and I hear a new Greggs for some of you gazebo bhoys!
HH
You go into a Casino with eleven other guys. One of the guys there you don’t really like, in fact he’s a bit of a &*%$. He seems to be a regular at the Casino, with a cushy, intimate, very favourable relationship with the Casino owners. You begin to play roulette. You and most of the other guys are putting in the amount of chips you can afford to spend, the amount you went there with. But the other guy, who you despise, is placing chips on the table like its going out of business- some guys are trying to keep up with him- they’ve already went bust…still he’s placing more bets on. Your ego makes you want to keep up the this a*%hole. You go for a while toe to toe but find you are rapidly running out of money. Suddenly he runs low on chips. He whispers in someone’s ear. Suddenly a Casino rep delivers a whole new stash of chips on his table. He begins again to throw the chips on the table like some demented cash whore. You decide you can’t compete- except you put in small stakes for small gains, you’ve by now given up on competing and all the other guys are just watching now on the sidelines. He has already ran out of money again…but the Casino are considering supplying him with more chips again!
Did thems put the boot into Airdrie a few years ago buy owing them money?? If so why is Ballantyne trying to raise money for them??
fanadpatriot
I know we were poor and keeping youngsters before Tommy Burns came back under King Kenny.
I heard a story from an uncle of a Rangers player who I won’t name.
The player was 15 or 16 and at the stage of his career where he was good enough to sign pro forms and had his pick of clubs.
The boy wanted to go to Celtic. He was a massive Celtic supporter and was delighted to accept their offer to play a match for them. He was told to be at the ground at a certain time. I think it was in ayrshire somewhere and he was given a game and then went to a training session the next week at Barrowfield.
He enjoyed it and thought he would sign.
Rangers asked him to do the same and his dad advised him to take it up and have a look at what they had on offer. He turned up at Ibrox and was given a training kit bag with brand new boots, treated like a king and given all sorts of promises about his contract. He was then asked to sign and he asked to think about it as he wanted to go to Celtic.
Once he had thought about it. He said to his Dad that Celtic were who he wanted to play for but Rangers had treated him better and it looked the better deal. He wanted another chat with each club. Rangers sent a limo to pick him up for talks with John Greig in the back of it and a first team player. Celtic asked him to turn up at Celtic park and he had to wait outside for the manager.
He then made up his mind and it wasn’t a surprise who he went for.
Thankfully those days are long gone and it shows the levels to which Murray would go to in order to beat Celtic at anything. The difference in money was apparently astounding. The shoe is now on the other foot and Celtic have the best set up for youths in Scotland if not the whole UK and Ireland.
The player in question played for Rangers first team and is still playing.
LB
So if (as I believe), they will (be allowed (to)) continue to linger on in whatever guise through to the end of this season whilst awaiting a solution.
Will next year’s alliteration be The Provisional RIA…………???
Just a thought…………
Regards & Hail Hail
TBM
That is a fairly compelling argument from the motherwell blog.
I have not encountered a single supporter of any team who wants any newco (of any club) to be admitted to the league.
it is clear, the customers want ‘fair play’ and an honest product to watch. How can 4 out of 11 chairmen possibly think it is anything other than stupid to go against this?
jude2005 is Neil Lennon \o/ on 8 May, 2012 at 13:59 said:
“Ill try it in Esperanto next time!!’
Keevins will be ready with one of his standard responses:
Oh yes, here comes another one of those Esperantp bampots
Arena development…
http://www.business7.co.uk/business-news/scottish-business-news/2012/02/29/plans-sumbitted-for-44m-commonwealth-games-development-106408-23769743/
jude2005 is Neil Lennon \o/ on 8 May, 2012 at 14:10:
“Did thems put the boot into Airdrie a few years ago buy owing them money?? If so why is Ballantyne trying to raise money for them?? ”
Because Airdrie will always have a place in their hearts for Rangers.
What the Huns pulled the plug on them, Airdrie took it as a compliment.
ASonOfDan @ 13 42.
Gattuso .
Heard him on the radio last night .?
He said he was looking forward to going fishing and working in his fish shop.
god bless her majesty
s, revenue & customs
I see greetin face sandy clerk is selling his life story for £14.99. We tip sanny Drap the £14 and it might just might fly aff the shelfs in the £ stores!!!
gorbalstam on 8 May, 2012 at 13:23 said:
Imatim and so is Neil Lennon on 8 May, 2012 at 13:13 said:
I don’t believe anyone is advocating abandoning Celtic, emotionally or financially. I think the arguments of those not renewing SBs at this time are along the lines of waiting to see what action our board takes in relation to the issues. I think this is fair enough. People can then decide if it’s ‘their’ Celtic they are paying to see, or a caricature of it.
,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
2010 Never Again
I have little doubt that what is happening to the huns is no coincidence. There is a carefully organised plan at play.
From the time of the raid at Ibrox when their computers were impounded it was only a matter of time before things began to happen.
When Celtic said “No More!” It was a message of intent.
Remembering also Celtic knew full well that the huns were dabbling in EBT’s and made a conscience decision not to proceed with them themselves ala Juninho (sp)
It is doubtful if the truth of whom is primarily behind the demise of the huns will ever reveal themselves but having an educated guess I suspect they are Celtic minded. An “Unseen Fenian Hand” so to speak.
What has this to do with your comments? Well I wish some of us would give the Celtic custodians the benefit of the doubt on occasion baring in mind that what is happening before our eyes cannot be happening by mere chance.
Before we talk of sanctions against our own Club I think we should see this played out in totality and perhaps ask ourselves is there a bigger picture. I for one believe there is and I believe there is more to come. Much more.
To do otherwise only plays in to the hands of our foes and there are lots of them.
a wee bit of fun from the east note the fererence to tax
http://bit.ly/KB0ibI
” reference”
Airdrie fans take on it:
http://www.thefootballnetwork.net/boards/read/s2.htm?95,13273339
iki
Esperantp? And ur callin me a bampot?? lol Wrang key pal but close!!!
Yet more from the Airdrie forum:
http://www.thefootballnetwork.net/boards/read/s2.htm?95,13254866,page=1
including this nugget:
Re: Are we out of order to revel in the demise of Rangers?
Posted by: jack d (IP Logged)
Date: 07 May, 2012 11:28
In answer to the post a massive YES.
IMO Rangers football club have provided us with legends like Willie Henderson,(Iain Macmillan improved there) great Scottish traditions.Jim Baxter had the platform there,and then we had the Souness /Smith era.
They have created a steady income for other clubs,a name abroad for Scottish football,and many international class players for Scotland.
Whether you dislike their structure ,tradional values ,or their “we are the people” outlook,it is wrong to revel in their present predicament,and especially wrong when you realize that they are not going to disappear,that they will return and they will know who supported them in their darkest times.(Sm14)
Given the Club’s history [ the ole Marists were teaching brothers] it would be good to be able to incorporate the refurbished school into the ole stadium footprint.
I’m pleased the new development at the Velodrome is going to include a medical centre- handy for ole Old Tim if he wants a second opinion.
To all CQNers
The month of May is ALS awareness month here in the USA.
ALS stands for Amyotrophic Lateral Sclerosis and is the form of Motor Neurone Disease that claimed the lives of Jimmy Johnstone and John Cushley.
In the USA it’s also known as Lou Gehrig’s Disease.
The cause is unknown and there is no known cure.
It affects mostly men, usually in their mid to late fifties and is a progressive, fatal, neurodegenerative disease with most affected patients dying of respiratory compromise and pneumonia after 2 to 3 years. Some victims die within 12 months while others survive for several years before succombing to it.
My son Tony has this disease. He is 33 years old, married to Amanda and the father of 2 little girls, Cora aged 4, and Louise aged 9 months.
Tony has his own blogsite http://www.dontshrink.com
He tries to live life to the fullest and is thankful for every day. His blog tells a little of his story.
Please help to raise awareness of ALS wherever you live and work, even if you don’t live in the USA.
Thanks to all of you.
HH
My analogy ran dry at the worst possible time ( with Virgin/Broadband guy coming to door)…the Casino not only allows this gambling junkie an unlimited tab with which to gamble…but the Casino is rigged in his favour too…the roulette table is jigged up in such a way that he wins more times than loses (so as not to excite too much suspicion, thereby preserving a semblance of impartiality)…in such conditions no one would enter such a Casino.
Bhoys
Digressing ever so slightly. I’ve been to Santa Ponsa on numerous occasions, and booking up again for August. Have any of you fine gentlemen ever stayed in the Verdemar Apartments? If so, they ok/clean enough? Gonna be four guys going, so we’re not bothering about anything too fancy :)
HH
Giggs
estorilbhoy on 8 May, 2012 at 14:03 said:
“Without a stadium the SFA and SPL cannot licence and admit a football club.”
Paul we did not have a stadium back in mid 90′s when the bunnet was rebuilding CP. At that time we rented Hampden, is the non availability of a stadium not negated by the option to rent another stadium as an interim solution?
+++++
We did have a stadium; we were redeveloping it.
We also had in place a rental agreement (sic) with the SFA for the use of Hampden for a season. SPL rules state that such an agreement or the general provision of a stadium must be in place by 31st March.
LuxCelt
Just sent that to the Coatbridge & Airdrie tizer. Its actually the Airdrie & Coatbridge tizer. But thers no way them bampots are in front of the BRIG!!!!
A persistent image in my mind for some bizarre reason:
Wild Bill, with big silver beard, bushy eyebrows, check shirted & chewing tobacco…holding onto Sandy by a pronged dog collar…”Sandy! Kill!” the vicious filthy animal at the other side of the chain snarls, drooling, snapping at Neil Dongaster, who sits petrified. “Newco straight into SPL Dong Boy! Or Sandy ere’ will eat yer god’am face off boy!”
“Anything you say Mr Bill, Sir.”
Paul67 et al
Corruption is widespread throughout the sporting world, and in comes in various forms. Even so the SPL must be close to unique in announcing, in advance, that it was about to become a bone fide corrupt sporting organisation. That it valued money, (Murdoch money at that) over the integrity and credibility of its’ own competition. That it would change its own rules and regulations (and the rules that cover the rule changes into the bargain) in order that Rangers FC remain what is supposed to be not just the premier league, but the preeminent footballing body in Scotland. That it failed to achieve this, despite the best efforts of Neil Doncaster, gives us a glimmer of hope. Hope that those responsible for running both the SPL and SFA realise that treating the footballing public in Scotland, a country that has played football for longer than any other nation, with the same contempt exhibited by David Murray and his like, is not only unaccepatable, it is a business model which will end with its own inevitable dissolution.
wonkyradar on 8 May, 2012 at 14:41 said:
Have you seen Winter’s Bone???
Plenty of Wild Bill’s in it!!