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

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By on CQN BLOG & Comments

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.

You can buy a hard copy of the new issue of CQN Magazine via Magcloud here.

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  3. gorbalstam on

    RalphWaldoEllison-is Neil Lennon Season 2011-12 on 22 May, 2012 at 19:25 said:

     

    What was the score?

  4. IamNFL1888 on

    gorbalstam on 22 May, 2012 at 18:54 said:

     

    Yeh it is frustrating that someone in such a senior position can spout such absolute nonsense I’ll give u that.

     

    But just because nothing has been said in public doesn’t mean the board haven’t responded.

     

    Would imagine that someone at Celtic, and other SPL clubs, would have contacted Doncaster to inform him of the obvious discrepancies in his statement.

     

    Just don’t think responding to these statements publicly is really worthwhile. It would just draw attention away from them. Think it might be a bit premature to judge the board. Honestly think that we are just waiting till the vote on Wednesday before playing our hand.

     

    Which let’s be honest, is pretty bloody strong : )

  8. RalphWaldoEllison-is Neil Lennon Season 2011-12 on

    Guess I’m pissed too>

     

     

    SShhhhusshh. Don’t tell Vmhan and see if he notices.

  9. croydoncelticpunk on

    Used to work with a Norwich fan, at the time of the last friendly – he said before the game that most Norwich fans weren’t bothered really either way Celtic or THEM, but after that game, they LOVED Celtic….

  10. RalphWaldoEllison-is Neil Lennon Season 2011-12 on

    That would be 7.45pm CP time

     

     

    and..

     

     

    2.45pm Florida time (whur ahm)

     

     

    HH

  12. Vmhan on

    Piss merchants on here Ralph, you and I are fine though!

     

     

    Victor Wan-ya-ma, Victor Wanyama,

     

    Victor Wanyama

     

    Wanyama, Wanyama oh oh, oh oh!

     

     

    Victor Wan-ya-ma, Victor Wanyama,

     

    Victor Wanyama

     

    Wanyama, Wanyama oh oh, oh oh!

  13. The bhoy who can eat an omelette 3 days after it has been created and still play well - Victor on

    Any team news?

  15. Aipple on

    @The Bhoy who

     

     

    Forster; McGeouch, K. Wilson, Findlay, Blackman; Ibrahim, McCourt, Commons; Watt, Hooper, Stokes

  16. The bhoy who can eat an omelette 3 days after it has been created and still play well - Victor on

    Thanks Aipple

     

     

    Very attacking lol. There could be a few goals.

  18. Aipple on

    about 20 more on the bench as well.

     

     

    Subs: Rudd, Nelson, Lansbury, Pacheco, Surman, Pilkington, Fox, Wilbrahim, Francomb, R. Bennett, Smith, Lappin, Huckerby

  21. RalphWaldoEllison-is Neil Lennon Season 2011-12 on

    Simon Lappin used to play yoofs for us too.

  25. The bhoy who can eat an omelette 3 days after it has been created and still play well - Victor on

    LOL

     

     

    The fighting funds new venture is a real stoatir. They are going to climb Ben Nevis.

  29. Vmhan on

    RalphWaldoEllison-is Neil Lennon Season 2011-12 on 22 May, 2012 at 19:25 said:

     

    Kickoff 2.45pm CP time.

     

    …………

     

    Ameritims always on the piss HH

  32. RalphWaldoEllison-is Neil Lennon Season 2011-12 on

    Big Fraser is captain too.

     

    Guess he’s signing on.

  38. RalphWaldoEllison-is Neil Lennon Season 2011-12 on

    Jude

     

     

    for non uk viewers on Celtic tv

     

    and a Premier tv channel for UK bhoys and ghirls

  40. Vmhan on

    These Celtic bhoys n ghirls who purport to represent my football club……… oh oh oh oh oh magic Celts!

     

     

    Hx2

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