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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gorbalstam on 8 May, 2012 at 16:12 said:
a wee bit of paranoia never harmed anyone.
I wasnt talking about you honest….
your imagining things now.
Awe_Naw_No_Annoni_Oan_Anaw_Noo on 8 May, 2012 at 16:14 said:
Sad news indeed. If he played fitba’ over here, I would definitely have met him. We had department teams as well as regular 5s.
AWE NAW 1545
A good friend of mine-I was speaking to him today,tbh-is very very good friends with CK.
This good friend was astounded when I first told him a few years back about what has been going on-in fact,he wished that he,too,had signed for them! I keep him posted on the latest.
Co-incidence? Probably,but they get together regularly on the after-dinner circuit.
Speaking of which,another mate was at a do in Cirencester,just up the road,a few weeks ago.
Ray Wilkins was the speaker.
My mate-a Warrant Officer,1st Class(rtd) asked him about under-the-counter payments-after all,why else would he leave Monaco for them?
Apparently he squirmed a bit,drew my bud a rather dirty look,but got his own back when asked about his favourite derby-he played in a few!
He said,it seems,that he had to change his jersey at H-T when he played at Celtic Park because it was covered in spit from when he was taking the throws!
Lads,we have Champion Gobbers from twenty-odd years ago,cos we had a running track around the pitch then!!!
BUT….
Is he repeating this garbage elsewhere?
MurdochauldandHay on 8 May, 2012 at 16:14 said:
You missed out the final and most important paragraph.
“People should understand the difficulties in trying to piece together documents which have been cross shredded three times, this is not a simple task”
gorbalstam
He was 54.
If you played football with him you will definitely have some scars that he gave you. :-)
HAil Hail
Andrei Kancelskis is one of only 13 [thirteen] non British/Irish players to feature on the opening day of the EPL.
BMCUWP
Saliva is supposed to induce hair growth … we were doing him a favour.
Personally think he is a liar. These games were televised I never ever noticed such stuff. Not saying it did not occasionally happen .. but always !!!
Hail Hail
This may have been covered already and I’ve missed it but
If Duff and Duffer were unobtainable when called by Mr Donkeycaster how did they manage to relay a request that the matters at hand be postponed?
Did this discussion happen earlier in the process and if so were Duff and Duffer given assurances as to the outcome which facilitated their non-attendance?
If only I had an NUJ card I might get an answer………if I asked like!
HH
The Penuary Arcade
I see Rangers are arrange a walk! Seriously– no laughing— 1872 yards and everyone participating gets their photo placed on the “wall of fame” in the famous Ibrox Tunnel for evermore.
Brogan Rogan Trevino and Hogan supports Kano 1000 on 8 May, 2012 at 16:27 said:
“for evermore” might not be such a long time in this instance.
Brogan
He was a dud and that´s why Mc Cann was bought. Not the Everton connection.
Hail Hail
Apologies if this has already been answered umpteen times..
When does the current season officially end? Or more precisely, when does Dunfermline’s SPL share transfer to Ross County? Before May 30th?
whatever possessed the spl to have incorparated powers in its rule book that
could allow a new company to by pass the normal route to the spl?
http://www.scottishreview.net/HamishMackay265.shtml
although he is fair to Neil Lennon to be fair to him he ends this piece
Probably not for the last time this week, I retire defeated by the system. I don’t really need a run-in with HMRC. Just look what they are doing to the Gers.
AWE NAW 1624
And to the extent that he had to change his shirt?
Geezabrek,ffs!
Funnily enough,I said to my mate that it couldnae all have hit his shirt-if true-he must have felt some of it hitting his slaphead…….
thehuddlehound on 8 May, 2012 at 16:32 said:
Sunday …..handed over then
Bill maz from east Whitburn drunk in the coachman I believe,Ian Adair from port Glasgow big tim worked in Motorola in Bathgate ,
huddlehound
according to neil doncaster, dunfermline will be relegated in a few days and their share passes to ross county
we couldnt have dunfermline who are being relegated having a vote now could we?
I was in the same class as Bill Diane and Joanne.
Hail Hail
timbhoy2 on 8 May, 2012 at 16:34 said:
Last post was for you
CHE
POST OF THE DAY BY A MILE!
WBA making a tentative enquiry for Neil Francis Lennon.
Well that is the chat around Celtic Park.
HH
It’s slow on here today. I await the next instalment of The Fall of The Empire.
“On the subject of fairness in imposing sanctions, what penalties were imposed on Celtic when it was discovered that two of their youth team coaches were paedophiles – one ending up in prison for sexual assault?”
Is the above true?
JJ
timbhoy2
Bill Mayes is a legend around West Lothian!
LB
LiviBhoy
I think it is spelled Maize but Twists would know for sure.
Hail Hail
Awe_Naw_No_Annoni_Oan_Anaw_Noo
You could be right. Some man Bill tho. Fit as a fiddle too.
LB
Awe naw no annonioan noo is young billy still going to watch Celtic haven’t seen him for yrs
We were talking in the pub the other day about the impact Jock Stein made when he took over in 1965. Has there ever been such a transformation in a football club?
In 1964-65 season Celtic finished the league campaigne in 8th place. They had taken a few hammerings, losing 6-2 to Falkirk and 5-1 to Dunfermline. If you’d have went into a betting shop and asked for odds on Celtic winning the European Cup two years later, you would have been offered a higher price than we are to win next season’s Champions League. That was the magnitude of the task that lay ahead.
I’ve heard the odd desperate hun of late, coming away with pathetic statements like ‘there were no decent teams to beat’, and, ‘you only had to win 5 games’. Well for a start, every team in the competition was champion of their country. There were 32 teams in the tournamement and they included Real Madrid, Athletico Madrid, Liverpool, Ajax, Anderlecht and Sporting Lisbon. Celtic would eventually knock out two excellent sides, Vojvodina and Dukla Prague and famously the millionaires of Inter Milan who had a team assembled at a modern day equivalent of Man Utd.
There will never be any doubt about the Big Man’s achievement. Its fair to say that he inherited a potentially good group of youngsters, like Johnstone, Gemmell, Lennox and Murdoch, but to turn them into the best team in Europe within 24 months was almost miraculous. And to do it in the style they did, blowing away Herrera’s Cattenaccio tactics forever, makes its an even greater achievement. Stein only added two players to the squad he inherited. He instigated the Auld transfer from Hibs before he arrived at CP. Willie Wallace was another great signing and he wasn’t bought to replace Joe McBride (who suffered a bad injury). Jock planned to pair McBride and Wallace up front but Joe never made it in time for Lisbon. Apart from Larsson, McBride is the best striker I’ve seen at the club. If Joe had played that day we’d have won by 4 or 5, and sorry to say that Stevie. Bertie Auld was my man of the match but I know others might disagree, perhaps going for TG.
I’m rambling on about something we’ve all seen, read and talked about thousands of time over. Its just a reminder of how a football club literally going nowhere was reinvented by one man, and in an unbelievably short space of time. Jock Stein created history in 1967 and a certain club 4 miles away is about to perish on his achievement of 45 years ago. I’m convinced thats the main reason RFC are dying today. Where will they be in 24 months?
hh
LiviBhoy
That was a special batch of masculinity that was procured in that class. ;-)
Hail Hail
Thanks for the replies re. Dunfermline/Ross Co. Pity yon Yorkston bloke won’t get a vote……:)
timbhoy2
I saw him this season in the Oak Bar. He usually goes to the London Road Tavern.
LB
timbhoy2
He was in 2001 last time I saw him
Hail Hail
.
Rangers FC IA..Are Just Like a Box of Chocolates..Every Day You just Don’t Know what Your Gonna Get..
Summa
ok lads til laters
Hail Hail
Jungle Jim,
If a non business-related crime is committed by an employee of a company, the company is not at fault.
If an employee of a company commits a crime in the name of his company, criminally carrying out his duties in his company’s name, the company is responsible.
You’ve obviously picked up an typically illogical argument from a blinded hun.
Oh Dear seems like Windy Miller does do walking away..
What a farce..
Daily Record Sport @Record_Sport
Breaking news: Bill Miller has withdrawn from bidding process for Rangers FC. More as we get it.
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