Green’s failure to make an offer more telling than Doncaster drama

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There are so many plot lines in the epic story that Scottish football has become it’s easy to lose track, especially when the chief executive of the SPL insists that he still doesn’t know if Rangers have a case to answer in connection with improperly registered football players  – a completely untenable position on week 11 of the inquiry.

He should know.  If he doesn’t, he should resign and allow someone else to pick up the baton.

While this drama has dominated headlines the important storyline happened off-stage.  11 days ago the Blue Knights consortium, fully aware of how time-critical events were, said their accountants needed to be place at 9am on Saturday 12 May for Rangers to achieve a CVA.  Even more importantly, they also said that a Newco would not work.

If the Blue Knights men were in place on 12 May creditors could have voted on a CVA this time next week.  As it is, creditors still have nothing to vote on, the prospective buyer has not been able to put a deal to them.

Green’s failure to produce an offer since being appointed nine days ago, alongside missing his own deadline to announce a creditor’s meeting on 6 June, are the most important acts in this month’s play, so far.  He has to find funders who are able to see a return on investment which Paul Murray and Brian Kennedy tell us does not exist. It’s worth noting that both of these men will be far closer to the financial realities of running Rangers than anyone Green will find in Bangalore.

Unless a consortium can be pulled together that will offer money for the assets of Rangers FC, the company will expire next week when it runs out of money.  No CVA, no Newco, no matter what Neil Doncaster does.

Don’t be surprised if Mr Green walks away soon.

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620 Comments

  1. Googybhoy I sent you an email with a photie from Laura Brannans hotel, looking right onto the park.

     

    Sent to yir email addy.

     

    Hx2

  2. Bourne is twatter the new FB? Shareprice wise you’d be as well sticking yir dosh on a twat, whatever that is of course.

     

    Hx2

  3. Vmhan

     

     

    twatter is the new twitter where twits are tweeted terribly, but I’ll never forget Facebook classic’s like “I’m off for a shower – whoooo hoooo”

     

     

    WGAF CSC

  4. What happened to the story that 2 men have been charged with sectarian offences in toilets at Parkhead following on from the youtube video of the destruction and hatred carried out by the idiots.

     

     

    Think it was strange to release this story on a Saturday morning and doesn’t seem to have had much coverage .

     

     

    You’d think it would be front page news – an off duty policeman charged and partaking in mindless destruction while displaying sectarian and bigoted behaviour .

     

     

    Shameful.

  5. !!Bada Bing!! on

    Sky 433 Freeview,showing the 3-0 pumping from a few weeks back,enjoy it in the bars of Norwich :}

  6. I wonder if EUFA find the SFA guilty of improper conduct regarding the whole Rangers fiasco could this possibly mean all Scottish teams could be banned from European competition?

  7. STV…………………………..Celtic opens contract talks with Gary Hooper.

     

     

    STV Tomorrow………………………………The talks we told you about yesterday have stalled, and Southampton are set to swoooooooooooooopppppppppppppppp.

  8. thomthethim CQN (genuine) Badge Wearer on

    bournesouprecipe on 22 May, 2012 at 17:11 said:

     

    I’ve just found out that people photocopying their buttocks are the cause of 23% of all photocopier errors worldwide.

     

     

    How does that work?

     

     

    share on F’book or Twitter

     

     

     

    ********

     

     

    I think it produces a crack on the scanner.

  9. Bourne:

     

     

    First Row may be the best bet- haven’t looked yet. When I do then a message willl be relayed. Outside in sunny garden enjoying more than a few libations.

     

     

    *This post will detonate in thirty seconds.

  10. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    BSR

     

     

    My only hope is that the stink of piss from that tiny puddle will be so acidic towards the FFP manuscripts that UEFA intervene

     

     

    That means no European income for us until we change national associations.

     

     

    HH

  11. jimphil70 on 22 May, 2012 at 18:08 said:

     

    What happened to the story that 2 men have been charged with sectarian offences in toilets at Parkhead following on from the youtube video of the destruction and hatred carried out by the idiots.

     

    …………….

     

    I’ll tell you what is prominent in my mind about the orcs wrecking CP toilets, when I go to the loo at halftime CP, there are PC’s at the door 1/3 inside and also 1/3 stewards. They KNOW there’s going to be damage down in the Hun end toilets but no police presence.

     

    Do we live in a fascist state?

     

    Hx2

  12. Always said FF was a better keeper than Gordon.

     

     

    Great News! If true, of course.

  13. thomthethim

     

     

    Ha – Ha I got two Apple stickers when I bought a Mac, naturally I stuck one on each buttock.

     

     

    Awe_Naw

     

     

    I’m settling for nothing less than us serving notice.

     

     

    Wonky

     

     

    Norwich is Green n White

  14. !!Bada Bing!! on

    Willie McStay is the new Head of Coaching at Bristol City,good luck to him.

  15. Hooperman & Big Fraser signing on- we seem well ahead of the game already.

     

     

    Impressive.

  16. jimphil70 on 22 May, 2012 at 18:08 said:

     

    ”What happened to the story that 2 men have been charged with sectarian offences in toilets at Parkhead following on from the youtube video of the destruction and hatred carried out by the idiots.”

     

     

     

    Any trial will take place at Glasgow Sheriff Court rather than in the pages of the Daily Record and the Sun.

  17. !!Bada Bing!! on

    wonky-Not sure if Hooper will stay to be honest,money down south is ridiculous.Watched Hold the Back Page on Sky today,a journo said Kevin Nolan is on £55k a week at West Ham,and he will get a rise as they are now in EPL.Could be PL asking him to commit asap or sell him now.

  18. Bournesoup

     

     

    I’m away for a shower before the game, Beyonce has the pleasure of assisting me this evening :>)

     

    Hx2

  19. Bada Bing

     

    Whether he stays or not we need more goals from our strikeforce, therefore IMO we need to buy one in or promote a young un.

     

    My point is if Hooos leaves CFC then he will need replaced + 1 .

     

    Hx2

  20. Vmhan on 22 May, 2012 at 18:26 said:

     

    ”Bournesoup

     

     

    I’m away for a shower before the game, Beyonce has the pleasure of assisting me this evening :>)”

     

     

     

    Why am I thinking of Marathon Man?

  21. ernie lynch on 22 May, 2012 at 18:30 said:

     

    Vmhan on 22 May, 2012 at 18:26 said:

     

    ”Bournesoup

     

     

    I’m away for a shower before the game, Beyonce has the pleasure of assisting me this evening :>)”

     

     

    Why am I thinking of Marathon Man?

     

     

    —–

     

     

    Showin your age it’s now Snicker man :))

  22. !!Bada Bing!! on

    Vmhan-Agree,I know Tony Watt is young,but I think he’s definitely got something about him,tall,quick and scores goals,a bit more gym work over the summer and he could be the full package.Yes,we need a bit more of an experienced scorer ,if we can get one in.HH.

  23. Think some people are jumping the gun a bit with regards to the boards handling of the whole situation. The board in my opinion can only really react to official decisions made by the sfa and spl. up until now, with regards to Rangers, they have been applied justly. If the board reacted to every statement made by people like doncaster the only outcome would be to divert attention away from Rangers situation and mke us appear like the bad guys. The MSM would be more than willing to portray us as simply kicking rangers when they are down. I completely agree that IF, which appears likely, a Newclub are admitted to the SPL the board should fight this decision all the way but untill that decision is made I believe silence is the best option.