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.
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Madra Rua,
its on Premier Sports. Sky channel 433…….but thats a separate subscription channel.
Dunno if the game can be bought as a one-off though.
HAIL! HAIL!
Token
The Token Tim on 22 May, 2012 at 16:28 said:
Go raibh maith agat !
Evening All,
Two fantastic articles from P67 & RTC.
By my reckoning the league title count is now 49 and out versus 48 and counting.
Oh and we’ve just clinched 12-in-a-row.
BTW – A well place source at the BBC told me about the Mark Daly programme many weeks ago. I didn’t want to quote this person at the time in case it compromised them but am happy to do so now.
“Its not to be missed ………. unless your surname is Murray”
Hail Hail
http://www.setanta.com/ie/TV-Listings/
7:30 PM GMT
lovejoysalegend on 22 May, 2012 at 13:04 said:
I hope when the Orc’s try to start a Newco that any conceivable name involving the word rangers, has already been registered by one of us to get it right up them and they end up as a United or City :o)
…………..
I hope you all left the Bar L rangers, they’re Gonnae need that one.
:>)
Paul67 et al
Good news that Frazier Forster will be playing tonight! Don’t know if the big man has played for us down South before, but a good occasion awaits. Even better news is that Celtic have announced they are to begin talks with Frazier next week. David Gold (West Ham) stated on Radio 5, Sunday, that the Hammers will try and negotiate a new deal for Rob Green, who is also in the England Euro squad. Lets build from the back, Goalie first!
MadraRua
Its on Premier sports Ch 433 but suspect you would need to subscibe.
HH
SIALF
Anyone know why Forster taking so long to sign for us? Are we going to be his second/third/fourth choice because he cannot get a club in EPL? If so will he be content playing for us? As I understand it Celtic and NU agreed a transfer fee some months ago.
It is also possible to have the newco pay an “entry fee” over a number of years that would serve as a deterrent to others. It would also serve, to a degree, as compensation for the carnage wrought on the Scottish game by Rangers during the years of Murray’s excesses. There are lots of ways to arrive at a fair outcome. However, the money-men who might own newco-Rangers will not want that and Neil Doncaster has their interests at heart. Sport? Fans? Mere irritations.
This is an interesting quote from RTC
The “Entry Fee” is a sop to everyone.
The Newclub is not fined no of course not you cannot. It is an entry fee.
I personally cannot see how a parachuted club under ANY CONDITIONS can be considered a “fair outcome” in anybody´s books
But pretty close to what I said I was expecting earlier.
Forget Rangers FC 1873 and concentrate on Newclub
Hail Hail
Was going to try and stay up to see the game tonight but really shattered so off to my kip; might well awaken in time to catch it though, we’ll see!
You know that wee mental alarm clock in the head that tells you……….. sometimes,
‘mon pal, up if you want to be/go/see/do etc.,’
In the meantime, let’s not worry too much about the demise of the huns.
Que sera sera!!!
Unfortunately, they will always be with us, in whatever guise…………. IMHO
Anyway, for now, Good Night and God Bless.
Regards & Hail Hail
TBM
estorilbhoy
Newcastle are probably reluctant to do business until they find out about Krull.
Hail Hail
estorilbhoy
His agent will be trying to get the biggest financial deal no matter where from.
Sadly players who already make far far to much money keep looking for more. Its the way of the world.
estorilbhoy
Could it be something to do with the fact that Frazier is a Newcastle goalkeeper, at the end, and I stress end, of a second loan spell with the Bhoys. We are talking next week. As Mark Hately might say, it would be like a new signing!
Dontbrat,
Yes I was but many many moons ago!
Gretna bhoy – me too, late 60s to early 70s, wee Rab/ Bro Cyril era.
Newcastle will know the £2 mil agreed is a steal,they might try and steer him elsewhere for a bigger fee.
Premier Sports have a freeview programme up til kick off from 5.45pm.
I must be a little bit older than you. I was there 64-70
Of courseware Rab was head, Bro Cyril, Maths, Paddy Craig. McLean etc
Some good and bad days. Was a boarder for six years and only nearly got expelled twice!!!!
We’re you there the same time as young Tommy Docherty?
re our interest in young Aiden White of Leeds Utd…
my nephew is an avid LUFC fan, knows football well and talks straight about it !
says the following…
“Yeah he is a good player, quick with a nice left foot. We’ve played him mostly on the wing this year and he is a threat!”
sounds good – hope we get him
Why would anyone subscribe to Premium tv just for tonights game?
Give your money to Celtic and subscribe to Celtic tv. Full match on at midnight or whenever you want to watch afterwards. £40/£80 is great value throughout the season.
SFFS
If Nerlinger was the first,who would have been the last?
Lennon n Mc….Mjallby
Kyle Bartley
Remember when Rangers bid for (fat) Ronaldo? This bid offered Ronaldo £4.26m a year salary. Just as well they didn’t sign him or the tax bill would have been even worse…
“Ronaldo said Murray made him an “extremely interesting” offer, but it wasn’t enough to tempt him away from the lire-laden Serie A.
But the hitman added that he might have thought again if Advocaat was in charge
ho eventually cost the San Siro giants 18million when he moved from Barcelona added: “It was an extremely interesting contract I was offered – a very good option and I respected Rangers for it.”
For ‘interesting’ read ‘tax free!’
SOAL
Is that right,you wyndin me up?
Ole Mo Bangura’s on the team bus for Norwich having practiced all day doing Rivelino, whilst eating a Fry’s Chocolate cream and snorting Coca Cola
Let’s be avin you CSC
Arsenal paid KBs wages hence they are one of the creditors. ( not to say Rankers didn’t also offer him an EBT but I think unlikely)
craig whyte ended all ebt’s he told us, his biggest mistake :OD)))
Gretnabhoy -yes. You must have been 2-3 years ahead of me.
It’s a very changed place these days, but I think still has a good reputation in terms of teaching.
There’s a guy sitting opposite me on the subway wearing a Turtle Neck sweater, whilst reading the Telegraph.
Must be a tourist?
BSR -is it a bounce testimonial?
BSR
Does the Norwich match count as a bounce game? If so Super Mo is liable to burst the ole onion bag.
So the huns were still using them last season?
It is 12iar then.
How do we celebrate that?
bournesouprecipe on 22 May, 2012 at 16:59 said:
Ole Mo Bangura’s on the team bus for Norwich having practiced all day doing Rivelino, whilst eating a Fry’s Chocolate cream and snorting Coca Cola
Think Mo is in Baghdad with Sierra Leone.
Whoever she is?
JC/DBBIA
It’s a bouncer alright as ole Delia will be there and says she’s looking forward to seeing the Hoops.
googy
Oops then it’s the tainted testimonial, but still a bouncer.
I hope Zheng Zhi starts today.
Anyone know how the season book sales are going or point me in the direction where I could find out.
I’ve just found out that people photocopying their buttocks are the cause of 23% of all photocopier errors worldwide.
How does that work?