I was out of mobile phone range for most of yesterday and returned to read more histrionics. On Tuesday I wrote: “Whatever ‘good news’ Duff and Phelps come out with later”, knowing full well (you all knew too) that news of Bill Miller’s departure would soon be countered by a fantastic (literally) piece of optimism from Rangers administrators. They didn’t disappoint.
Today’s Guardian tells us that one bidder has “proved to Duff and Phelps they have a means of securing current owner Craig Whyte’s shares.”
Administrator, David Whitehouse, explains: “One of the bids is for a stand-alone CVA and there are a number of hurdles which need to be overcome. Our view is that it is challenging, but it is not impossible. The purchaser who is talking to us about a stand-alone CVA has demonstrated to us that they have got a mechanism where Craig Whyte’s shares are not an issue.”
Ah, the illusive mechanism! So Craig Whyte is irrelevant again.
We are three months into the process, Craig Whyte is no more irrelevant today than he was on 14 February, he remains the Only Show in Town. Once he stops being the main event, HMRC take top billing. After them, the players will have their 15 minutes of ‘action’. Then you will hear more of the story. If there is anything left after all this, the SPL and SFA will have their say.
Prior to appointing Bill Miller preferred bidder Duff and Phelps explained why a stand-along CVA was no longer possible. No amount of creative thinking will change this fact. The season ends on Sunday, Rangers last chance to pull a deal together passed on Monday, when Duff and Phelps were unable to present a proposal to the SPL.
Even IF a phoenix is assembled for next season, or the season after that, it will be a humbled shell of what was once Rangers.
Rangers Football Club is disintegrating and will do so at an increasing rate in the weeks ahead. Again, cease and desist with the adolescent hysteria. Chill. Go for a walk in the rain and spare a thought for those football fans with genuine worries.
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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Neil canamalar – Haha, I hope he’s lurking!!
Told him to look out for my old boozer in Manchester, The Brittons Protection, which has an amazing range of single malts.
Don’t know if he’ll keep up that travel every week tho!
HH
Saint Stivs on 10 May, 2012 at 16:49 said:
hen1rik on 10 May, 2012 at 16:46 said:
Jim Spence @bbcjimspence
Sportsound tonight 810 mw we’ll also talk to Paul Brennan editor of Celtic quick news. 6.10 pm
———————————————–
misinformation – misinformation
Jim Spence tweeted he is to meet the new preffered bidder at 6:10 pm, some guy called Paul Brennan.
well its about as credible as all the other announcements
share on F’book or Twitter
LoL
Clyde News say they have spoken to Craigy bhoy,he has agreed to sell to the London comsortium ONLY if a CVA can be agreed.
Are the vile ones not dead yet?
hen1rik on 10 May, 2012 at 17:08 said:
miki67 on 10 May, 2012 at 16:58 said:
hen1rik on 10 May, 2012 at 13:56 said:
FF_Fail @FF_fail
New post – School yard banter. Not to FF it isn’t.
=======================================
Just my view, not being critical…..
I just don’t enjoy any links to that cesspool being posted on here. Personally I wish nobody did it.
HH
Was there not a tv programme called Quantum Leap on a few years ago? Perhaps D and P and the BK’s have access to a time machine and are sending a terminator back in time to eliminate a few key people and thus instigate a new space-time continium?
HH
bt,
wood eye :o)
AoW,
I’ve been on the road for 12 year and get back every weekend so its no a big problem.
Only been renovating for 5 of those :o)
Duff & Duffer must be on some overtime!
They will be able to buy Rangers, pay all the debts, pay the tax man and still have cash left to buy Messi and Ronaldo!
LB
“There are a lot of good Bosmans out there so if the appeal against the SFA’s transfer embargo is successful, Rangers wouldn’t need absolute fortunes to compete.
“If someone forward-thinking takes control of the club and wants to take it forward by investing 30-40m on players which isn´t much today, I feel it can be successful.” Alec Rae
===========================================
Wow. Just wow. What planet do these guys inhabit? What intoxicant do they smoke, inject or imbibe? And what exactly is it that qualifies these half wits to get their thoughts published in newspapers? They once played fitba? So therefore they know it all about the game and it’s finances?
Have they no shame?
Obviously not.
‘£30 – £40 Million, which isn’t a lot these days’ – OMG
hen1rik on 10 May, 2012 at 17:10 said:
>>>
Could anybody post that interview on here,later? It’s nigh on impossible to get Radio Scotland on MW here in the deep south…..even with the joys of the internet.
miki67 Sky 0116 R Scotland you should get it loud and clear. Hail Hail Hebcelt
Life,eh? My missus just Phoned me from The 100 Club in Oxford St. where she & her best pal are seeing Tom Jones shortly. She told me that she & her pal have spare knickers to throw at him.
Now I don’t know what to think…
It’s on The BBC via the red button from 6:00 p.m.
I don’t if I should be mortified or just keep on laughin’.
!Bada Bing!! on 10 May, 2012 at 17:10 said:
Clyde News say they have spoken to Craigy bhoy,he has agreed to sell to the London comsortium ONLY if a CVA can be agreed.
——————————————————————————————————-
So that’s a no then.
What a day to be on strike, trapped in the house all day due to the rain. May go for a pint before I go cabin crazyyyyyyyyyyyyyyy
hebcelt on 10 May, 2012 at 17:22 said:
>>>
Ta! HH!
hebcelt
sent u an email last week, take it it was wrong email..
I’m on Radio Scotland at 6.16 tonight with Jim Spence, Chick Young and Jim Traynor.
Topics for discussion: the price of milk, inclement May weather and city centre parking.
blan tyretim I seem to be having problems with my e-mails , keep in touch via CQN. I,ll let you know when its sorted. Hail Hail Hebcelt
young cousan still seeking prices for mini Hebcelt…
see you Sunday?
neveralone on 10 May, 2012 at 17:12 said:
hen1rik on 10 May, 2012 at 17:08 said:
miki67 on 10 May, 2012 at 16:58 said:
hen1rik on 10 May, 2012 at 13:56 said:
FF_Fail @FF_fail
New post – School yard banter. Not to FF it isn’t.
=======================================
Just my view, not being critical…..
I just don’t enjoy any links to that cesspool being posted on here. Personally I wish nobody did it.
HH
share on F’book or Twitter
Understandable mate but i honestly didn’t think they were as bad as that.
Gave me a wakeup call.
Paul67 – skimmed, semi or whole fat milk? Controversial, but I prefer skimmed.
Watch they don’t tempt you with lamb sandwiches leftover from lunch.
Paul67 on 10 May, 2012 at 17:28 said:
I’m on Radio Scotland at 6.16 tonight with Jim Spence, Chick Young and Jim Traynor.
Topics for discussion: the price of milk, inclement May weather and city centre parking.
——————————
splitter,
ignoring the real sporting integrity question of the day , and every other did.
“did Roy Aitken steal a throw-in at the 89 cup final”.
Paul67 on 10 May, 2012 at 17:28 said:
I’m on Radio Scotland at 6.16 tonight with Jim Spence, Chick Young and Jim Traynor.
Topics for discussion: the price of milk, inclement May weather and city centre parking
=========================================
Thank God…..thought I was the only one not sleeping at night, worrying about the price of a pinta.
Duff & Phelps Fargo Style
Brian Kennedy : [answering the phone] Brian Kennedy.
D&P: [voice over the phone] Alright, Brian, you got the phone to yourself? Are you alone?
Brian Kennedy: [into the phone] Well, yeah.
D&P: [voice] You know who this is?
Brian Kennedy: Well, yeah, I got an idea. How’s that administration role working out for ya?
D&P: [voice] Circumstances have changed, Brian.
Brian Kennedy: Well, what do ya mean?
D&P: [voice] Things have changed, circumstances, Brian… force majeure, acts of God.
Brian Kennedy: How’s Craigy?
D&P: [puzzled] Who’s Craigy?
Brian Kennedy: My mate, Craig Whyte! What the-?
D&P: Oh… right. he’s alright, but there’s a few people in Ibrox who aren’t so okay, I’ll tell you that.
Brian Kennedy: What the heck are ya talking about? Let’s just finish this deal up here.
D&P: Blood has been shed, Brian.
Brian Kennedy: What the heck do ya mean?
D&P: Three bidders, in Ibrox… are dead. Walked away.
Brian Kennedy: Oh, jeez!
D&P: That’s right, we need more money.
Brian Kennedy: What the heck are ya talking about? What do you fellas have yourself mixed up in?
D&P: Never mind. We need more money…
Brian Kennedy: [interrupting] This was supposed to be a smooth deal!
D&P: [angry] DON’T EVER INTERRUPT ME, BRIAN! JUST SHUT THE FECK UP!
Brian Kennedy: Well, I’m sorry, but I just… I don’t…
D&P: I’m not gonna debate with you, Brian! I’m not gonna debate! Three bidders for Rangers have walked away. We now want the entire £125,000,000!
Brian Kennedy: Oh, for chris’sake here!
blantyretim where areyou meeting up after the party/game? Yup I,ll be there. Hail Hail Hebcelt
How d’ye get Radio Scotland on the wireless?
EC67
Pitiful huns.
Hebcelt
yeh after match somewhere in town, still awaiting details..
oldtim not going to match…
The Club Licensing issue (if it really matters, but just in case) :)
What IS the point?
neveralone on 10 May, 2012 at 17:12 said: …………..
Spot on.
If I wanted to know how low FF can sink, I would log on to find out.
I DON’T.
Please don’t put links to this stomach-churning garbage on Celtic Quick News.
Paul
As I am now dairy free, please ask why non-dairy alternatives are so expensive. On the weather debate, as long there is at the end of the storm a golden cloud….. Please don’t start me on parking!!
Improper,undignified huns.
Good luck Paul. All you have to do is reiterate the facts because they speak for themselves.
You could also maybe mention that, contrary to what the media would like people to believe no-one on here seems to know any other Celtic fan that wants to see Rangers survival come ahead of fair and just punishment. Ditto the fans of Aberdeen, Hibs, Dundee Utd. etc.
Ex Ludo on 10 May, 2012 at 17:12
You may be onto something there. The premise of middling tv series Quantum Leap was that the hero started each episode having been transported into someone else’s body and spent the rest of the show bumbling about before eventually learning how to do whatever they could do, solve crimes, right wrongs etc. Eg this week – oh lordy I’m a racing driver! Next week – aaagh! I’m a brain surgeon
Perhaps some poor unfortunates have been beamed into D n Ps bodies and are having to pretend to be administrators.
I pity the fools – hang on that was another show wasn’t it?
As Paul and AT say – anyone wanna do a PhD on the demise of the great scottish institution- how many could you get out of it, it just keeps going on and on and on
I hope Paul insists that they reveal the name of the football connected consortium, who are poised to take Them over.
The fans demand to know and neutrals demand to know who these so-called wealthy individuals are.
Is “revert to us” the new “Ah’ll get back to you on that”. (c) Smeato.
Auldheid @ 17.37
Prodigious piece of work, saw it earlier on CU.
Hail Hail