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.
1,263 Comments- Pages:
- «
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8
- ...
- 34
- »
roy croppie – I didn’t know you could get the internet in Airdrie.
They banned “The Wicker Man” from screening in that town because the locals thought it was dangerously progressive. (thumbsup)
LiviBhoy on 10 April, 2012 at 14:06 said:
Catholics like my grandparents had a horrendous time living in Belfast during the time of the building of that Bigoted Boat
Thanks for highlighting the conditions they had to endure
leftclicktic on 10 April, 2012 at 13:34 said:
Titanic interesting points,How did number 11 not happen Hmmmmmmmm
http://library.thinkquest.org/20502/data/inf1frames.html
HAIL HAIL
+++++
Interesting fact #26:
A higher percentage of dogs was rescued from the Titanic than either adult male second or adult male third class passengers and also higher than the percentage of adult males overall.
Interesting fact #27:
First Class Male passengers were more than twice as likely to be a survivor than their servants (based in the same class).
Not so interesting observation #1:
Both of the above are statistically insignificant in that the numbers (9 dogs, 2 saved & 12 servants, 2 saved) are very small.
Sandman Is Neil Lennon on 10 April, 2012 at 14:14 said:
Disagree.
Maybe it’s lost on those outside of Inverclyde that “Brilliant” followed by “the problem is” is a way of saying “you’re talking crap”.
bournesouprecipe on 10 April, 2012 at 14:09:
Nice pic.
Though, I’ve got to say that’s one scary looking dude standing some distance behind Brogie, in line with the middle of the Celtic goal mouth.
FF
philvisreturns
I moved:)
They would’ve burned him for not singing the national anthem at the end of the night.
You know, this is shaping up to look like the same scenario as happened to that poor Mister Sir David Murray, the naive millionaire philanthropist who was duped by that evil, world domination type mastermind Mister Craig Whyte. Oh, how inviting that pound sterling must have looked at the time Mister Sir David. Now, that poor unassuming naive businessman Mister Ellis Esq, looks like he’s been duped too. Oh, the humanity!
Will no-one save these poor, misguided Captains of Industry?
Interesting fact #28:
All female servants (all based in 1st and 2nd class) survived whereas their ‘mistresses’ did not fare so well: 97% & 86% survival rates amongst 1st and 2nd class adult female passengers respectively.
if we can i’d be happy to see O’Dea, Murphy, McGinn, Majstorovic, Cha, M.Wilson, Loovens, Rasmussen leave in the summer.
As much as i like Both McCourt & Juarez i think they will be sold, For their own careers i would say it’s better if they left. I can’t see either starting when we have Brown, Commons, Kayal, Ki, Ledley, Forrest, Wanyama, Ibrahim, McGeouch. I have no doubts McCourt & Juarez will go to other Clubs and be a huge success. They are both quality.
So in all that’s 10 players. Easier said than done getting players out but that’s what we should be looking to do. Add 2 or 3 players of real quality. We need to stop buying squad players. Trim the squad, Less players…more quality.
ps…apologies for discussing Celtic/football ;-)
Duff & Duffer, MSM, CW and McCoist are all incredibly optimistic about avoiding Liquidation. Can anyone explain to me what this confidence is based on? Is it genuine or just for show? I am no accountant. Please explain
Celtic team: Thomson; Lustig, M. Wilson, Trialist, Izaguirre; F. Twardzik, Trialist, Trialist, Blackman; Ibrahim; Watt (LB)
The boat they thought couldn’t be sunk. And then it sank.
Titanic? Rangers?
Development Squad v Kilmarnock (closed doors friendly) kicks off at 1.30. We’ll keep you up to date with HT/FT and any goals. (LB)
Subs: Daniels, Herron, Atajic, Fraser, Trialist. (LB)
Trialists are from Costa Rica in conjunction with a project the club is running to assess their football skills. (LB)
Goal for Celtic! Fantastic piece of solo skill from Filip Twardzik. 1-0 (LB)
Killie equalise with a low drive just before HT. 1-1 (LB)
Paul67
SPL handbook F1 page 67.
You will then need a copy of the UEFA statues and FIFA statues
SFA handbook
76.3, 77.1 and 77.2
I think the lack of a set of audited accounts is actually more than enough from my reading of the situation
Hail HAil
Paul67
did Motherwell, Dundee etc. also fail to provide a set of audited accounts previously when in administration?
Hail Hail
I dont know Joe ORourke so cant hand on heart say whether he is a bigot or not, what I am clear on his comments however intended were foolishly insensitive to say the least, im led to believe Joe has apologised whether hats enough is open to conjecture, what i am just a wee bit wary of here is us being seen as holding some level of double standards on such issues, if there is a suggestion that Joe was only passing on or commenting on an old joke (however much in poor taste) thats been doing the rounds for years well thats okay then is it?
thatll be much the same as Hugh Dallas and that infamous email.
Both in my opinion were wrong, both should never have been circulated far less repeated.
The UEFA and FIFA statues?
…don’t give ole Sepp any ideas…
Paul67
SPL handbook
DO you know if Rangers IA have met the SPL membership criteria for this season ?
I can give you a lengthy list of stuff that had to be done by the 31st March
As HMRC might own Ibrox by then I presume that this has not been done
Does look like your softening us up for the -25 points for 5 years for Govan FC.
Anyway I wont push you on it I kind of feel it is inevitable
Which takes me back to my first ever post on CQN concerning the Old Firm
regardless of what Peter Lawwell says it is our actions that determine what we are.
If we chose Old Firm yet again and help to rebuild that brand then Celtic FC and its PLC is standing on quicksand
We will know for sure in about 15 weeks. I suspect sooner due to marketing etc.
Hail Hail
Are the statues bronze or marble?
Bloke109 is Neil Lennon on 10 April, 2012 at 13:55 said:
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…
……………..
I thought everybody knew that?
Awe_Naw_No_Annoni_Oan_Anaw_Noo on 10 April, 2012 at 13:28 said:
If Rangers IA are playing in the SPL next year and Celtic participate in it then that will be the end of a life long love affair
Aw_Naw….you say you haven’t met a Celtic fan who does not feel the same way as you. I am one. If Celtic don’t protest, then I’ll be joining you. If Celtic do, as I expect, then why would I be abandoning (punishing) Celtic in their (huns) hour of need?
We Walked Away With It – http://rhebelrhebel.spreadshirt.co.uk/champions-range-C237767
Rhebel Rhebel Champions T-Shirt range
Mon the Reserves.
Anyone any idea who ‘Thomson’ is in goal?
DBBIA
;.)
That what they will all be hoping for.
If Scotland along with Celtic tell MIchel Platini to GTF especially with Brian Quinn being so integral to the FFP I think no national team for Scotland and no European football for Scotland while Rangers IA avoid oblivion
In other words Platini will be far from being statuesque
HH
Does anyone know if they are going to pay up front for the tickets for the forthcoming game because there is no way we will get the money afterwards, we are talking about 300k, plus they still owe us around 40k, therefore if the dont pay up front THEY DON’T GET IN!!
not Celtic related but for anyone who is on twitter and likes a laugh, you should follow Leon Knight…the chap is pretty out there. He is saying SWP only got a deal because of his dad, and having goes at other various people, quality stuff!!
Thomson is Robbie of that ilk, a young goalie from Australia.
LuxCelt
Under 19 keeper
LuxCelt
Alex.
Row 101
I expect Celtic protestations will be highly publicised. Thick in presentation low in substance. We are very adept at that.
I tend to make my own decisions in life and I prefer my sport to be based on sporting principals not financial ones.
If you want to contribute to being Rangers bitch and saviour nobody is stopping you. Certainly not me but plainly you can see why others would not want anything to do with that set up
Hail Hail
afternoon, while coming down from a champion weekend in Ayrshire where I witnessed the Bhoys win the league in the company of my youngest for the first time, my special memories will also include geting the best bruise ever after skelping my leg of the back of a seat at goal no.1, thanks Charlie, and being unable to find where I had parked the car, thanks google maps and modern phones saved the day.
I have been googling the ~RgersIA bidders and found this on the US bloke Bill Millar, looks lke the kind of guy who will fit right in down govan way.
‘Four shareholders have filed a lawsuit against former executives of Team Sports Entertainment Inc., which failed to create a stock-car racing league that would compete with NASCAR. That effort, Huntersville-based Team Racing Auto Circuit, was abandoned in August. Its first season was supposed to begin this spring.
The suit alleges breach of contract, wrongful conversion of company monies, mismanagement, breach of fiduciary duty and fraud. Named in the suit are William Miller, former chief executive of Team Sports, and Jon Pritchett, former president.
In a press release about the suit, shareholder Edward Garland says, “The company and its directors thought they were getting an experienced CEO capable of completing the company’s team auto racing concept. Instead it got a man full of greed who wanted control of the company for himself.”
The suit, filed in Fulton County, Ga., Superior Court, pins Team Sports shareholder losses of more than $50 million on the former managers.
Miller left TRAC in August 2002 and Pritchett departed soon after.
source : http://www.bizjournals.com/charlotte/stories/2004/03/01/daily36.html
Robbie Thomson
The son of former Dunfermline keeper, Scott Thomson, Robbie has followed in his father’s footsteps and pulled on the gloves. He has worked his way through the ranks at Celtic, learning his trade between the sticks. Nick Feely’s return from injury pushed him down the pecking order in the latter stages of last season but with the Australian progressing up to the Development Squad, Thomson’s final year at 19s’ level will be crucial to his progress.