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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Ten men,
Marchetti worth a punt IMO.
Main one for me would Rene Adler he is on a Bosman
Bankiebhoy1. Brilliant!
Awe Naw… I raised this issue with Paul last week. Paul asked Celtic if they had quantified the potential loss of income if Newco were immediately admitted to the SPL. He was chastised for the question!!! Celtic had estimated a figure and it was lower than Paul’s judgement. Celtic stated that they would survive regardless of the loss of income. To me this is very troubling and could suggest Celtic are expecting the above outcome. I shall be communicating my view to the club. It may help if others did too.
Bryce Curdy:
As regrettable as it might be mate, you are correct; outcome should be the same regardless. We cannot afford to have the biggest organised fans group labelled as encouraging or endorsing such a view.
The media will store this one and use it at every opportunity otherwise.
dirtymac – “He was drunk and his intention was to grab the microphone from Mr Cameron and treat the crowd to some Aberdeen songs.”
Baa Baa Black Sheep?
Woolly Bully?
“Sheep” by Pink Floyd? (thumbsup)
Philvisreturns @ 13:33,
“I’d have nuked the Kitties…..”
With the unacceptable thumb of Capitalism.
Hail Hail
philvis – you are a rabid bigot. What have those blue cats ever done to you? Oh and it is spelled internetz
Thomthethim, iki, ha!
Awe Naw, there is no financial criteria I am aware of that prevents a club in administration competing in a subsequent season. This happens regularly (Motherwell, Dundee, Livingston all entered admin when in the SPL one season and emerged in a later season, others have done so in the SFL).
I have read the SPL Articles many times, they do not even explicitly require Accounts to be lodged by then as a mandatory requirement.
Chairbhoy – With the unacceptable thumb of Capitalism.
Sure, you like unobtanium well enough when you drive your hover-car to the shop to buy space-fags, but you don’t want to know how it got there… (thumbsup)
31003 on 10 April, 2012 at 13:38 said:
HOW DARE YOU SIR…….I challenge you to take that back. I know bobbyrussel, and his father, smashinmilkbottles….and they’re both fine young(ish) upstanding men…..your accusations bring nothing to the table….
Did I miss something?? Who accused who else of what else?
Weird media fact of the day: the Channel 4 News theme tune is taken from the Clint Eastwood movie Pale Rider youtube.com/watch?v=ePlyWl…
Rubicon
if Celtics plc is unaware how much it will cost them to become Rangers IA official whore then our custodians will go down in history as being as bad as Sir David Murray.
Maybe the new “We are Rangers IA whore and are proud of it” T shirt campaign will address the balance but I doubt it
Time will tell as I say I think they have played it beautifully I cannot see them pulling the wool over many eyes. I really dont.
Hail Hail
ASonOfDan on 10 April, 2012 at 13:47 said:
OK , the cash pile (with the extra £1m) comes to £2.135m, which will then run out on 2.13/3 part way through April 2012, which is 21 April 2012!
This assumes that the Blue Knights will keep their £1m exclusivity fee for post liquidation use..
Cashiskingcfc
O.G.Rafferty on 10 April, 2012 at 13:46 said:
dirtymac, 13:45
Speaking of Tory politicians and party songs, here’s an odd one…
http://order-order.com/2009/06/19/friday-caption-contest-bercow-rangers-edition/
+++++
Haha, not that Cameron, but good link nonetheless :-(
Paul67
Any word on whether the club will be asking for ticket money and a ‘damages’ deposit prior to giving them 7,000 tickets for the 29th?
Any decent banter anyone?
It seems a couple of days after Neil Francis Lennon clinched his first League title we are back on the morale outrage merry-go round again.
I saw a dug with 3 legs and one eye yesterday. Seriously. Feart to say anything else in case I offend someone.
Let’s hope young Paul Georges’ long road to recovery is a fruitful one. It’ll be tough 6 -8 months for him. I’ve heard from a number of Celtic fans and even one non Celtic fan that he is a very talented young bhoy with blistering pace.
Hail Hail
Roccobhoy
Sorry bobbyrussel…….i was talkin tae some dude on the phone….he’s bigger, younger and fitter than me….so I agreed wi everything he said about you…..but….as you can see…as soon as he put the phone down i gave him what for…..on here….where he can’t see it…..but at least I stuck up for you….in a way
RogueLeader – I decry cats and all their ev-miaow works.
I dislike any “pet” that thinks it’s better than me. (thumbsup)
WGS
I’d be happy with Adler. He could play a few tunes on his moothie at half time.
A three legged dug,
A three legged dug,
He’ll never let you down
He’s loyal and faithful right up to the end
A 1,2,3,1,2,3 three legged dug.
ASonOfDan – I saw a dug with 3 legs and one eye yesterday.
That’s nothing. I once knew a girl from Airdrie who had only one wean. (thumbsup)
Paul67
I don’t think the Ellis revelations (or anything else for that matter) will prevent the next phase, which I believe will be written as “Gers Saved” (probably by Blue Knights consortium).
MSM are lulled at the moment but feverishly in the background preparing their stories of takeover fakeover part II.
It’ll be temporary, and transparent, but we will still have to endure it.
O.G. Rafferty@13.46
I know I got to stop doing this, but didn’t the future Speaker, or any of the loyal notice that the union flag to the left of the telly is hanging upside doon!
Someone alluded to it the other day but there are tens of thousands of angry bears out there and I don’t think Duff and Duffer will want to be the ones to pull the plug and send them into liquadation especially as there has been a more vocal condemnation of that thought in the past week. So how will that play out who can possibly pull the plug and live to survive?
31003
Sorry bobbyrussel…….i was talkin tae some dude on the phone….he’s bigger, younger and fitter than me
========================================
Could you try and narrow it down a wee bit. That could have been anybody. Including me.
ASonOfDan
Start taking yourself too seriously; this black humour just wont do!
philvisreturns
I’m from Airdrie and I’m the daddy!
Is the dug claiming benefits?
The ole Scottish MSM never let the truth get in the way of a huge face-saving Gers (can be kings of Europe) whopper.
Mr O’Rourke’s comment was insensitive. He may back up why he said what he did though. maybe he had relatives who tried to work there.
This article throws up many theories about the Titanic.
http://www.irish-society.org/home/hedgemaster-archives-2/places-artifacts/the-titanic
Since we are citizens of the land into which we are born, the Titanic is Irish by birth, not a citizen of an independent Ireland—that would happen in 1922—but, nonetheless, born in an Irish city, Belfast. She was built by Irish laborers and mechanics at the Harland & Wolff shipyards. The Irish who built the Titanic were almost entirely Protestant Irish. The lot of the Roman Catholic working class in Belfast was not a happy one in the time of the Titanic and before and after the Titanic, for that matter. The tenor of intolerance in Ulster in that time can be gauged in the sermon of Dr. William McKean on Ulster Day, September 28, 1912: The Irish question is at bottom a war against Protestantism; it is an attempt to establish a Roman Catholic ascendency in Ireland…. Stephanie Barczewski’s book on the Titanic underscores that Irish Catholics were blocked from many of the better jobs in Ulster. She writes, “Almost all… workers were Protestant… defending their privileges… from the flood of predominantly Catholic emigrants pouring into Belfast.” In 1912, she reports, the Catholic Irish held 9% of the jobs in shipbuilding and engineering but were 24% of the population. Tracing conflict back to 1864, Barczewski relates an incident in which Harland & Wolff shipwrights demanded the dismissal of all Catholic navvies who attended the unveiling of a statue of Daniel O’Connell in Dublin. Harland rebuffed the demands. Home Rule agitation, in 1886, led to shipbuilders loyal to the Orange Order roaming the streets of Belfast armed with scraps of metal pipe in Catholic neighborhoods. The Catholics in the shipyard were so worried for their safety that, of the 225 Roman Catholics employed in the shipyard at that time, 199 quit over fear for their lives. In the decades of the Titanic, the police found the H&W yards so dangerous that they were reluctant to enter through the gates. Three months after the Titanic launching, Unionist workers evicted all Roman Catholics from the yards in retaliation for an attack on a Presbyterian Sunday School outing by Roman Catholics. The anti-Catholic atmosphere at Harland & Wolff assured that few Irish Catholic laborers helped to construct the Titanic.
It is extremely bad taste to revel in any death though.
LB
Paul67
Really .. has that changed recently ?
As that is not my recollection.
Since 2010 the ECA (of which both Celtic and Rangers IA are members) have adopted/embraced the FFP criteria and that the SFA are one of the associations to have accepted it. Thanks to good ole John Mc Lelland ;-)
There have been of course teething problems and there has been compromise regarding such things as target dates, percentages of income etc.
But this compromise would fly completely in the face of the core objective of the FFP
Sounds like you may know – or highly suspect something – and that I should be looking to sell my Celtic shares and start investing in Eintracht on a more regular basis.
I will be amazed if that is not the case. Cheetah spots … income streams etc.
Will be a real shame that Celtic will be positioned in the global market along with Stone cold Steve Austin if that´s the case
We can but wait
Hail HAil
Breeny – So how will that play out who can possibly pull the plug and live to survive?
Batman. (thumbsup)
A guess at lennie’s player rankings
1
Hooper Sammi Brown Kayal Mulgrinho Rogne Izzie ledley vic JF Matthews KI
2
FF Blackman Commons Mcgeough, one of the Twardziks, K Wilson Stokes
3
Paddy Cha Lustig Bangura Brozek Dan M Wilson
4
Juarez, loanees,
I reckon the threes will go/go on loan and a good chunk of the current loanees will go. Would he want FF to go, I doubt it given his development recently. Would he swap stokes if a ‘Chris Sutton’ came in ? Paddy’s got to be put out of his misery, I’d like to see him play more but he just isn’y getting the game time to justify staying.I’ve always liked M Wilson, I know some don’t rate him but Cha to me gets too far forward too easily.
BobbyRussell on 10 April, 2012 at 14:04 said:
31003
Sorry bobbyrussel…….i was talkin tae some dude on the phone….he’s bigger, younger and fitter than me
========================================
Could you try and narrow it down a wee bit. That could have been anybody. Including me.
You wouldn’t know him….in fact he wizny even talkin about you…….he was talkin about somebody else……but that person dizny read this so wouldn’t be able to read the doin ah gave him…. rendering the statement I made on here useless……do you know what i mean……..whit day is it?
Jim Brogan scores the winner
global sporting market … above should read
Was the Titanic built on Tic?
Easter passes with no TV James Bond movie.
Quite Shocking CSC
Joe O’Rourke is not a bigot.
He is, though, a complete muppet guilty of using casual bigotry to elicit a cheap laugh and also guilty of failing to understand the reach of modern social media communications beyond normal conversation.
In both cases he is not fit or intelligent enough to retain the position he has held.
More to be pitied than scolded.
DBBIA –
Glad to see you back on these hallowed green pages.
Hope you enjoy the cricket. . . . . . .
Ylurc (father of Ymurph and Ystarsk)