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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Quantum. “Oh boy, I’m an Administrator”.
“Can I get another shot, Al?”
BSR
did I text you re next Friday?
Just watched my boy doing an interview on TV3 with James MC.Clean.
He comes over as a nice lad. James, that is.
Paul67 – good luck! Milk it for what it’s worth, weather they like it or not and watch where you park you bum!
HH
Paul 67 .”semi-skilled “milk as my mother always called it (unintentionally).
If the City Centre Parking debate loses steam, you can use my semi -skileed anecdote. Honest. No problem.
Seriously though. I wish you all the best tonight. It is not so easy being on their territory but you know you have Truth on your side.
JJ
JJ
TTT
he is related to our very own coorslad from Derry… o))
Auld Neil Lennon heid on 10 May, 2012 at 17:37 said:
That’s good stuff. I am aware that Paul will not be setting the agenda on radio later but it would be good if the pannelists are made aware of this piece of work.
BSR
Sorry about late reply, apparently, according to the heidie, when the bell goes the kids are allowed to interrupt my lunch.
Palace grounds is it. I’ll raise your tennis at the Palace grounds with a mile and 40yards race up Hamilton Park from the proper starting gate. No draw in those days, but I got the inside rail. Final two and a half furlongs were tough but the flat last 100 yards, saw ole EC67 to be, romp clear to win by about 15 lengths. Prize money was always rotten at Hamilton back then!
EC67
BT
Got it, and apologies for not acknowledging the heads up about Phil.
Should be good but can’t make it.
HH
One for the diaries Bhoys and Ghirls
Mark Daly @markdaly2
Can now confirm my new 60min BBC Scotland Investigates documentary on Rangers crisis will be broadcast at 8pm on Weds 23rd May #bbcsi
The contemptable Traynor will try and rubbish P67 at every turn.He lurks here and know how we feel about him and his fellow lapdogs.CQN has embarassed him and his like over every major issue in Scottish football for years.Good luck Paul.
All the best,Paul!
“Just the facts. Just give me the facts.”
HH !
Paul on BBC sportsound tonight, here’s the link http://www.bbc.co.uk/sport/0/scotland/17939195
Paul67,
Remember and tell them this could all end tomorrow, if they just…….
paid their bills.
Stay calm at all times, Paul.
ICT needs rangers
Terry Butcher latest !
Love ins more like
Auldheid.
Can I add my congratulations and thanks for all the time and effort you have put in to the UEFA Licence saga.
I have a feeling that the stuff you have uncovered will be discussed in wider public domain in the near future and will prove to be the real acid test of whether football integrity,leadership and the appropriate application of rules and articles win the day or whether commercial considerations and plain cheating prevail
Eurochamps67
Ha – Snuck into Hamilton race course – who’d have thunk it.
p.s. furiously looking for something that plays MW so I can hear Paul67 modren iPhones are rubbish for Council Radio
Paul 67
Prepare for them to make it up as they go along
scunner them like A. Thompson did on clyde
thomthethim
Got your email, reply soon, hope you find you’re old Bike ;-)
Noticed some users abroad can’t get Paul on th radio, try http://www.radiomaps.co.uk/ …Hope it helps, gonna check it out myself now.
Kilbowie Kelt on 10 May, 2012 at 17:37 said:
I see what you mean
Tho’ prefer to know what they are up to every now and again
If posters indicate its FF then surely everyone who prefers not to view that stuff can just scroll on?
I would prefer they didn’t exist but they do, they are dangerous people and we need to keep a watchful eye on them
HH
M
Sportsound…………………………………….Total utter balderdash in the opening minutes via Brain Kennedy via Jim Traynor via Chick Young
blantyretim on 10 May, 2012 at 17:55 said:
TTT
he is related to our very own coorslad from Derry… o))
share on F’book or Twitter
**********
Yea, I read that on here.
His family will be very proud of the boy.
Hope Paul kicks a** when he’s on cant get to listen to it!!
bournesouprecipe on 10 May, 2012 at 18:08 said:
thomthethim
Got your email, reply soon, hope you find you’re old Bike ;-)
share on F’book or Twitter
******
Re the bike. I have a good idea where I left it, so I’ll get to you on this.
Are they delaying getting P67 on as they know there listening figures have just octupled? It’s really painful listening to them.
Is Paul on yet?
Got a feed but it’s just Chick the dcik and Jabba talking pash!
HH
/Bishop B
Chick Young………………………….I’m confident B̶i̶l̶l̶ ̶M̶i̶l̶l̶e̶r̶ Brian Kennedy will have his hands on Ragers.
Their desperation is palpable.
Pull the plug somebody.
Looking forward to Paul.
Fortunes Favour Mibbes on 10 May, 2012 at 18:17 said:
Are they delaying getting P67 on as they know there listening figures have just octupled?
===========================
octupled? 72 listeners then?!?!?!
p67 on now
Any truth in this?
http://goallegacy.forumotion.com/t12973-steve-kean-is-owner-of-blackburn-consirtium-is-using-venky-s-as-a-front
gorbalstam on 10 May, 2012 at 17:55 said:
I phoned Clyde last week and raised the issue having prompted Jim Delahunt beforehand.
That was before I wrote the article but I’ve Tweeted Jim Delahunt to it.
At last the truth:
Tax avoidance for a decade; Improper registration of players; SPL enquiry with still no result.
I can hear Jabba breathing deeply.
neveralone
Conservative estimate, my friend. It includes Jabba and Chico.
‘if you ruled the world Paul what would you do? Chic (actual question)
If only ya stupid hun
transparencey and honesty cue sharp intake of breath from chick