The very last thing anyone connected with Rangers wanted to read this morning is that Andrew Ellis, Craig Whyte’s former associate, is suing the Rangers owner for 24.9% of the club’s shares. This puts a further legal impediment in the way of any potential transfer of shares or stadium assets from Whyte to a new party. It remains to be seen if Ellis is in a position to legally enforce his claim however the veracity of his claim may be moot.
Prospective Rangers buyers do not have time to spend in court hearings and appeals before the start of the new season. If a phoenix (or even a CVA) is to be put in place it is likely that those with a claim, any claim, will need to be satisfied.
This development comes a week after Whyte transferred the security over Ibrox he holds through Rangers FC Group Ltd to Liberty Corporate Ltd.
Legal issues over ownership of shares and assets aside, Rangers’ administrators still have to deal with creditors, in particular, HMRC, who will soon learn if their tax demand against the club has been upheld by the First Tier Tribunal, and Ticketus. Duff and Phelps were denied the right to set aside the deal which Ticketus struck with Rangers to buy thousands of seasons tickets, leaving a path open for Ticketus to present a legal challenge to any deal which does not recognise their interests.
Chances of an early exit from administration appear to be diminishing by the day. Motherwell were in administration for four days short of two years between April 2002 and April 2004. If Rangers are not out of administration on the morning the new season kicks off they would start on minus 10 points.
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Nice statement for Ross County, menacing statement for others…
HH
Hello Ross County.
Goodbye ???
Rangers to receive £100k boost with friendly clash against Linfield
By LAURE JAMES
PUBLISHED: 09:09 GMT, 11 April 2012 | UPDATED: 09:09 GMT, 11 April 2012
Crisis-hit Rangers will look to bury their miserable season and profit from a £100,000 bail-out when they travel to Belfast for a glamour friendly next month.
Cashing in: McCoist will take his side to face Linfield in the summer
Irish Premiership part-timers Linfield will host Ally McCoist’s men at Windsor Park on May 7, Sportsmail has learned.
The SPL side will have to account for expenses but crossing the Irish Sea by ferry rather than by plane will shave potentially thousands off their costs especially if they take advantage of the Stena line special family pack offer.
Confirmation of the date is expected on Wednesday and will provide a small cushion for their financial problems, not to mention a welcome distraction from ongoing feuds.
On Tuesday, club director Andrew Ellis demanded one quarter (24.9 per cent) of Craig Whyte’s shares following his takeover last year, claims Whyte has since dismissed.
“He never gave me the 25 pence necessary” claimed Whyte
“If he expects the judge to believe that he bought me a packet of crisps at Heathrow airport then that is his decision”
Ellis is furious however claiming that he paid for the taxi from Edinburgh airport to Charlotte Square for the original discussions with Sir David Murray
“I paid for the Taxi and I have the taxi receipt to prove it. I have also located the taxi driver who is prepared to testify in court” countered Ellis
“I will see him in court”
It is anticipated that Rangers will also bring all four of Northern Ireland’s senior internationals for the trip to the Irish champions.
Captain Steven Davis, utility man Andy Little and strikers David Healy and Kyle Lafferty have all reportedly kept themselves available for the tie at Northern Ireland’s international stadium.
Under 19 sensation Andy Mitchell, who has been a recent regular on the bench at Ibrox, also has a strong chance of being selected.
The 20-year old midfielder has been touted to become another of Northern Ireland’s ‘fast-tracked’ starlets and could soon earn a call-up to Michael O’Neill’s senior squad.
He spent four years at Manchester City’s academy before moving to Glasgow in 2010.
DBBIA – You’ll be excited to hear (whether you want to or not) that I had a chance meeting with Jake Shears of the Scissor Sisters in an exclusive, chi-chi city eaterie on Sunday night.
Following an exchange of tweets between Jake & myself I can now reveal that there is every chance of an Embrocation/Scissor Sisters collaboration which will rock the world of popular music to its very core.
Our shrewd marketing geniuses reckon that between Jake & myself we have every potential sexual demographic customer base covered. Obviously Jake will appeal to the gay market while I will take care of all (and when I say all I mean ALL) of the others.
On the Dynamo v Nazi game. Andy Dougan’s book “Dynamo” is a great read.
A roll and square and potato scone duobler for me( Brown Sauce essential).
duobler-doubler!!
Dick Byrne
The pet market also ?
Hail HAil
Given that Ross County have now gained promotion,
if Ragners go into liquidation
should Dunfermline be relegated
Awe naw. I had to double read the real report , but yours is damn close
The fact that the real report says they will go by ferry to save costs is real!!! Lol
100k that can go towards the 1.1m of the administrators wages
You could not make it up
I know he’s posted already, but thought I’d bring it up again.
PMcC’s thoughts on the work permit panel and other stuff
Interesting point this: Mr Advocaat confirmed that although he had not originally signed Rozental for Rangers he had tracked the player when he was previously manager of PSV Eindhoven but was unable to compete financially with Rangers
…in that PSV were spending very similar amounts of money as Renegers on transfers – sometimes a little more, others a little less.
Curiously, in the very same season that PSV couldn’t “compete” with Renegers for the signing of £4m striker Rosenthal, they spent £4.5m on a Brazilian striker instead.
So one must pose the question: in what way could PSV not compete with Renegers?
Send your answers in a brown envelope stuffed into a football boot to:
In the cistern,
Cubicle #3,
Players loos,
Ibroke Stadium
Fergus McCann and Ross County owner where very good friends in Fergus time her. Relations have continued and we have an allie as well with the voting
Awe Naw – As Jake likes to say, bring it on.
Ole Dick -the Scissor Sisters?
Trop moderne pour moi.
“Rangers to receive £100k boost with friendly clash against Linfield ”
What next, a sponsored Midgey Rake ?
bhoysfromthetenementsCSC
from a poster on RTC
From @CelticResearch@
Just how lucrative is the Duff and Phelps administration of a small company of 300 employees with a relatively small turnover. A company with massive debt.
A comparison of previous large administrations ran by Duff and Phelps
MFI – 1400 employees
Turnover £800,000,000
Administration Nov 2008 – May 2011
D & P Fees £1,233,143 of which they drew £1,000,000
Borders – 1946 employees
Turnover £218,000,000
Administration Nov 2009 – May 2011
D& P Fees £1,272,840 of which they drew £1,270,000
Adams Childrenswear – 2,000-3,000 employees
Turnover £150,000,000
Administration Jan 2010 – March 2010
D& P Fees £402,000
Rangers Football Club – 300 employees
Turnover £56,000,000
Administration Feb 14 2012 – 31st March 2012
D & P fees – £1,199,356 and ongoing
dirtymac \o/ on 11 April, 2012 at 11:16 said:
While I tend to agree with the inferrence of that article, we can’t really assume anything from it. PSV may have had a wage structure in place that they refused to break and I suppose it’s possible that Rangers could have beaten it without resorting to the EBT.
Although if that was the case you must also ask if they would have been able to were they not using EBTs elsewhere.
Probably not.
DBBIA
I’ve heard you like a good stuffing.
Fergus McCann to unfurl the league flag next season.
Make it happen.
I know I posted this in the wee small hours,but this guy is gettin’ up there with Weird Al Yankovic! Musical parody is not an easy task.
Here’s Billy No’Well’s latest:
http://www.youtube.com/watch?v=HE8Aks2Yuvw&feature=youtube_gdata_player
WGS
It’s Roy McGregor who runs Ross County & is also involved with Brora Rangers along with CRC Evans. He owns Global who have just reopened the yard at Nigg Bay. A decent Club in my eyes. I hope they put ICT firmly in their place next season.
Dick Byrne
You putting the band back together ?
HAil HAil
Morning all.
the world is a great big onion.
talking of onions Roll square sausage fried onions brown sauce. On the other roll fried egg and potato scone brown sauce.
Now I am starving and gonna make the above happen.
HH
O’Dea eyes Elland Road stay.
A player off the wage bill without too much fuss that’s what i like to see. Only another 9 or so to go.
When’s bluenose day it’s bound to happen? It really should be redneck day!
Ten Men Won The League on 11 April, 2012 at 08:42 said:
“Let us not forget that Richmond was an appalling referee who was part of the ‘gang’ until he fell out of favour ………………………………..
He was a disgraceful excuse for a referee and will not be missed.”
Agreed and when Conroy quit, he said that he had been demoted because of some controversial high profile decisions. He said that even with hindsight he would chalk off the Fortune ‘goal’. He will not be missed, either.
The question remains: Why do some get punished for poor officiating whilst others get rewarded for similar and worse displays?
.
Cannot Believe l have Missed a Square Sausage Debate..!!
#4Lorne..
Summa
How to rise to the top in refereeing (I didn’t add the date honest!):
toady
A person who flatters or defers to others for self-serving reasons; a sycophant.
To be a toady to or behave like a toady.
[From toad.]
Word History: The earliest recorded sense (around 1690) of toady is “a little or young toad,” but this has nothing to do with the modern usage of the word. The modern sense has rather to do with the practice of certain quacks or charlatans who claimed that they could draw out poisons. Toads were thought to be poisonous, so these charlatans would have an attendant eat or pretend to eat a toad and then claim to extract the poison from the attendant. Since eating a toad is an unpleasant job, these attendants came to epitomize the type of person who would do anything for a superior, and toadeater (first recorded 1629) became the name for a flattering, fawning parasite. Toadeater and the verb derived from it, toadeat, influenced the sense of the noun and verb toad and the noun toady, so that both nouns could mean “sycophant” and the verb toady could mean “to act like a toady to someone.”
The sausage debate .
If you look in the fridge and you only have 4 square slice left does that make you forlorn(e)!
Summi. Can you get square slice in Melbourne ??
The Nolan Sisters.
Trop moderne pour DBBIA!
‘Toadeat’ second best verb on the bhlog this week, after Declan’s ‘pontefractnig’.
Summa
hope you are staying strong
KTF
georgioscsc
roy croppie on 11 April, 2012 at 11:32 said:
+++++
Succulent Toad, mmmmm
Surprised no-one has mentioned this so far,but can’t say I’m surprised at the incident.
From The Record..
~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~
Neil Lennon ‘bomb’ plot trial witness is attacked in jail after being branded a grass
Apr 11 2012 Exclusive by Amy Devine
A PRISONER branded a “grass” after going to court to testify in the Neil Lennon bomb plot trial has been beaten up behind bars.
Alastair Wardrop got cold feet and refused to say anything about prison pal Neil McKenzie, one of two men convicted over the plot.
But that didn’t save him from being viciously attacked in privately run Kilmarnock jail. A fellow con hit him several times in the face and it’s understood he suffered a broken nose.
A prison source told the Record: “His face was a terrible mess.”
Wardrop, 31, met McKenzie while they were both on remand in Barlinnie. He is now serving a sentence for dangerous driving.
He admitted at the trial of McKenzie and co-accused Trevor Muirhead that he had written to prosecutors and given a police statement.
But he told judge Lord Turnbull: “I’m not wanting this reported, if I’m telling what I’m telling, because I’m going back to jail with 100 angry cons tonight that might actually kill me.”
And when Lord Turnbull told him he had to give his evidence in public, he said: “I’m not going to say anything. Take what you will from that.”
Pressed further, Wardrop said: “Maybe I have got a malfunction with my brain or something wrong with my memory loss, but I just can’t seem to remember things.”
Despite Wardrop’s “memory loss”, bigots McKenzie, 42, and Muirhead, 43, were found guilty of plotting to assault Celtic manager Lennon, QC Paul McBride, Celtic-supporting MSP Trish Godman and staff at an Irish republican group by sending them bombs in the post.
Both men are now awaiting sentence. McBride tragically died before he could give evidence in the case.
Our source said rumours had been circulating among cons at Kilmarnock that McKenzie and Muirhead had offered a bounty of heroin to anyone who could “get at” Wardrop.
The insider added: “He has been living in fear since he appeared in court.
“He has been branded a grass and had been told there was a price on his head.
“Wardrop didn’t want to leave his cell. He knew he was going to be attacked.
“When he finally did, he took a nasty beating.”
The Scottish Prison Service do not comment on individual inmates
Is it possible to get square sausage in London these days, 2 years spent there & only got it when i flew home.
Ps….id rather talk about sausages than Rangers.
I’ve just had a crispy roll with steak square slice, nae toads for this Bhoy.
dirtymac
The real toads were eating the lamb :)))
I am now totally starving…
Ten Men Won The League on 11 April, 2012 at 11:00 said:
Interesting wee debate on refs in the EPL on Talksport. They raised the point I’ve been making about referees basically reporting on themselves.
With a bit of luck the idea of separation of responsibilities so that SFA supply and SPL monitor will take hold and stop any cozy relationships developing.