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.
The graphic below is just for a flick through, to read the magazine go here to it’s dedicated site.
620 Comments- Pages:
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Norwich and Celtic fans “Doing the huddle when Rangers die”.
Norwich fans doing the huddle when rangers die bwaaaaaa haaaaaa
Vinny
2 funny CSC
So who is Green a front for then? Any clues?
bournesouprecipe on 22 May, 2012 at 21:03 said:
Tried to get a sausage, but all I can get is Alan Partridge.
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dan
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No, I meant are you looking for footballstreaminginfo
Though iPads don’t do well on streams…
dan
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i dont think he heard me
~Incredible seens at Carrow Road, all fans joining a mass huddle to doing the huddle when rangers die!
And Celtic wouldn’t bring something to the EPL?
Good Tim Simon Lappin coming on for Norwich
@West Wales Celt
iPad fine on a stream if you use a good waterproof case.
Delia cooked the cake on the cover of The Stones album,’Let it Bleed’.
I’m bettin’ it was a space cake!
http://www.google.co.uk/search?q=cover+of+let+it+bleed&hl=en&client=safari&tbo=d&source=lnms&tbm=isch&ei=OPG7T8-YKq-Z0QWZprGCCA&sa=X&oi=mode_link&ct=mode&cd=2&ved=0CDMQ_AUoAQ&biw=1024&bih=672
sparkleghirl, 21:04
It’s … complicated
West Wales Celt on 22 May, 2012 at 20:59 said:
Can someone please tell the commentator how to pronounce McGeouch…
Mister Magoo, lol.
Saint Stivs
A ha
“the noise is absolutely deafening from those Celtic supporters”
Great shot from Watt tipped over
Jeezo….big time apologies fer shrinkin’ the page….ah’m a numpty….
Fleetwood Mac
Tony Watt, great run and shot. Good save from keeper though.
Tony Watt not afraid to have a pop. Good save from keeper
GGGGGGGGGOOOOOOOOAAAAAALLLLLL
Norwich 2 Nil
AB gets mugged with the post
Harry Hill CSC
Test
O.G.Rafferty on 22 May, 2012 at 21:06 said:
Such a tease.
Still, you don’t seem unduly concerned so I trust that things are going to work out just fine….
I’m blaming Kayal33.
God help the server tomorrow night.
Enquiries for the NEW CQN badges (2 designs – once available) to myself or CRC at
cqnbadges@gmail.com
HH
Paul67 on 22 May, 2012 at 22:20 said:
Cheers Paul
HH
Paul – for tomorrow better call Google and see if you can borrow a data centre somewhere…
Paul67 on 22 May, 2012 at 22:20 said:
I’m blaming Kayal33.
God help the server tomorrow night.
:) I like the sound of that
Should we have a back-up plan? Comments to FB page or something?
As one of those who won’t see it live I would appreciate comments either here or via twitter.
The Bhoys done good
Matty Garratt @NCFCMatty
Seriously though! Celtic fans! Best I have ever witnessed at a game! Credit to yourselves and your club! #newsecondteam
Celtic fans are categorically THE best fans I’ve ever seen! Didn’t stop for 90 minutes. #Incredible
Please take the time to watch this example of exceptional human bravery
.http://www.youtube.com/embed/W86jlvrG54o?rel=0
Thanks
Thanks Paul67 for putting the server down I managed to get some reports done!!
Very considerate old chap :-))
Cut & Paste from Video Celts and RTC
“Christian Nerlinger has been named by the Rangers Tax Case as the first player to be paid through an Employee Benefit Trust.
The anonymous blog has set the pace over the last 18 months with a series of revelations concerning the ongoing crisis at Ibrox.
After a 17 day break in publishing RTC has named Nerlinger while the SPL drag their feet over undeclared payments to players.
Rangers are awaiting the outcome of the First Tier Tribunal into their use of EBT’s. The legality of how Rangers operating the scheme is up for debate but any payments to players that aren’t declared in contracts duplicated to the SFA and SPL would rule the players as ineligible.
Cutting to the heart of the matter RTC claims: “The law firm of Harper McLeod have been hired by the SPL to investigate if a prima facie case against Rangers on the dual contract issue exists. Let me help Harper McLeod out a little.
“On 28 July 2001, Rangers played Aberdeen at Pittodrie. Rangers won the game 3-0. Making his debut that day was a German who would later go on to become General Manager of Bayern Munich, Christian Nerlinger. He also scored one of the goals. That game against Aberdeen marked the first game where the EBT scheme that is the subject of the ‘Big Tax Case’ interfered with the Scottish Premier League.
“Harper McLeod should take a look at Nerlinger’s contract filed with the SFA. Next they should obtain Nerlinger’s contract documents and payment history from Rangers FC (IA)’s administrators.
“Comparing the contract to the payment history alone will expose payments of well in excess of £1 million that are not listed on his SFA-registered contract. There is your prima facie case, Mr. Doncaster.
“There is no need to investigate any further to demonstrate that Rangers have a case to answer and that an independent inquiry is required.”
Wednesday promises to be a very testing time for the SFA and SPL with a BBC documentary titled: Rangers – The Men Who Sold the Jerseys.
According to the BBC trailer for the programme: “Mark Daly charts the scandal which brought Rangers FC to its knees, revealing what went on behind the scenes in the run-up to Craig Whyte’s infamous takeover.”
POLICE have praised the travelling Celtic fans for their outstanding support and behaviour at this evening’s (Tuesday), match against Norwich City.
Thousands made the journey south for Adam Drury’s testimonial and they made a favourable lasting impression on everyone involved.
Assistant Chief Constable, Sarah Hamlin, Norfolk Constabulary, said: “The Celtic fans at tonight’s testimonial fixture, for Adam Drury, were a credit to their club. Their excellent behaviour greatly added to the event, making it a fantastic occasion for all those involved, and in attendance
Robert Tressell …. LOL
Paul67 on 22 May, 2012 at 22:20:
And Thursday, Friday…:)
Keep the Faith!
Hail Hail!
I’m stuck in a void between posts- where am I?
Anyone out there?
Hello.
Hello.
It echoes out here…
Sometimes it takes stepping out to appreciate what you’ve got. The Celtic support were absolutely incredible tonight.
Brown statement a complete waste of time. Why? He uses the work ‘appropriate’. That could mean a £2 fine.
What we need is a ‘proportionate’ punishment applied to any newco for the sins of an oldco. For me that’s pound for pound. Dump £134m? Need to be ‘fined’ £134m as a newco. That could be payable over 10 years (same length as the crime) so £13.4m per annum. I’d also prevent the ‘sinner’ borrowing money in the same period and require them to live off their turnover.
I hope Mr Brown suggests this but…………… somehow I doubt it!
The SPL policy should be no to ANY newco. Any club that bursts itself should ALWAYS have to start at the bottom, if at all. That’s fair, clear and consistent. Unfortunately, it looks like re-entry will be assisted by NASA (New Arrangements to Suit Ally)
HH