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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Jungle Jim on 10 May, 2012 at 19:53 said:
Harland and Wolfe arrived in 1912 and it was from there they went orange. WW1 with its “Beware the Hun” posters coincidentally arrived not long after.
So starting 1912 up to Johnstone signing although that was only an outward manifestation of the changem some hearts never allowed Catholics in.
The failure to condemn The Famine Song because it was wrong is an indicator of how deep the change really went.
I have always thought that CW was sourced and would pass his shares on when it came time to do so and they would be passed on to whoever his master told him to .
He may pass them on to a buyer and that buyer may make a quick sale to the masters choice to put distance between the scam players and muddy the waters
IMO when CW passes the shares over we will have another piece in the scam jigsaw .
The big L was always going to be the eventual outcome ,only way to get rid of all the sold off revenue streams ,taxes ,football penalties and dual contracts .
The biggest thing the scam players fear most is the scrutiny that ragers are now under from the internet bampots ,I have no doubt that during the drawing up of their plans they knew the MSM /LL would give them no trouble at all ,the bloggers are their worst nightmare ,is this why the latest two bidders are not being disclosed .
keep up the good work Paul/RTC /Phil/AT
prestonpans bhoys on 10 May, 2012 at 19:57:
Cheers mate.
Keep the Faith!
Hail Hail!
Z
Interesting, glad Pletikosa got a club and is doing well, would have given him a contract, but then again big Fraser has been magnificent for us this year imo, and if he doesn’t stay apparently the holy goalie has indicated a desire to return to paradise…..
HH
ernie..,
neither do I, but its the first time I’ve heard a hack actually say the words,
probably result in nothing but its a first as far as I know.
I did note he immediately went on to try and limit who should be apologising for what, but as I said its a first, keep the pressure on by all means, I know I’m not satisfied, but dont miss the ground being made.
Jungle Jim on 10 May, 2012 at 19:53 said:
”I am not discussing moral rights and wrongs here, but I would like to know if they really have been The Horribles ALL their existence.Anyone?”
When Celtic were formed it was commonplace for Celtic and Rangers fans to watch the other team if they were playing at home when the other team was playing away from home.
The sectarianism came about when H&W opened a yard on the Clyde and imported their foreman from Belfast. I think that coincided with a change of Rangers chairman who didn’t need to be persuaded to promote Rangers as a Protestant club.
Great performance Paul.
Assured and you expertly dealt with traynors false concern for a Celtic dominated league.
Thanks guys for your kind words re ma call on clyde.
happy birthday Emilio
aged 26
hope yer havin a good one wee man
:)
Maybe there is a chink of light at the end of the tunnel for the Huns. If Criag Whyte sells his shares for a £1 they can then try to exit administration via a CVA.
Then Hector can apply for a winding up order, and liquidate them.
Craigy boy presumably keeps his securities over the stadium and the training ground and rents it ad infinitum to newco liquidated Huns.
Happy days on FF, aye right……………
RobinBhoy
I think the Bournemouth Shamrock now use the Electric club in Kinson(?) Bournemouth, the wee club at Pokesdown closed down, if your coming to Norwich Give me a shout , The Norwich CSC will be havin a wee bevvy in hte Temple bar on tue 22nd May
One minute left for play,
Paul67 drifts in from the left, beats traynor, skips by chic, heads towards the byline, swings the cross over spences’ head and Terry ‘O appears from nowhere to head it home.
Gooooooooooaaaaaaaaaallllllllllllllllllllllllllllll !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Broke my own rule tonight when I seen that Paul was up on shortbread.
Proud to be a Celtic fan.
HH
From omnishambles to ubershambles
Also SDM currently going through the Makelele Phenomenon that all of MSM now repeat that although no one else has notice he has in fact had a huge bearing on current developments and this should now be highlighted as no one else has.
Goodbye my friend, it’s hard to die,
when all the birds are singing in the sky,
Now that the spring is in the air.
Pretty girls are everywhere.
When you see them I’ll be there.
We had joy, we had fun, we had seasons in the sun.
Terry Jackson CSC
Patrick27
According to the news from Russia Stipe Pletikosa was excellent for the club and made them many points.
I don’t think Artur Boruc transfer to eltic is going to happen. He is leaving Italy but I hear Everton and Aston Villa are interested.
Get that Jan Much from Everton. He is second choice keeper, waste of big talent. He was excellent for Legia.
Terry
I listened to a recording of your call on Soundcloud, thanks to The Huddleboard.
I wish all the Celtic fans who phoned the shows could adopt your tactics of ensuring you get an uninterrupted hearing and a right to counter, negotiated in advance.
You should write a handbook.
Shoonsky
Keeping better company has brought him on.
HH
Zilina MUST win this title
They have to play:
MFK Ruzomberok A
Nitra H
DAC Dunajska Streda A
Spartak Trnava 2nd
A Zlate Moravce
H MFK Ružomberok
A FC Nitra
Slovan Bratislava 3rd but have the referees on their sides and play in blue (small world)
A DAC Dunajska Streda
H MFK Košice
A Tatran Prešov
On paper cheating Slovan have the easiest run in and the referees. Zilina have two hard games against Ruzomberok and Nitra and finish against the relegated mob Dunajska. Spartak Trnava are still in there but trust me, we DO NOT want to play them – too many hooligans and casuals support them.
Here’s the table:
1 Žilina 30 16 10 4 47 27 +20 58 WLWDD
2 Spartak Trnava 30 16 8 6 37 22 +15 56 WDLWD
3 Slovan Bratislava 30 15 10 5 43 30 +13 55 WDWDD
4 Senica 30 14 11 5 42 21 +21 53 WWDLD
5 Ružomberok 30 10 11 9 37 30 +7 41 LDDWW
6 Zlaté Moravce 30 11 7 12 32 38 -6 40 LLLLW
7 Trenčín 30 9 12 9 44 46 -2 39 DDWDW
8 Nitra 30 8 12 10 32 35 -3 36 LLWWL
9 Dukla 30 9 9 12 36 40 -4 36 LWDDD
10 Tatran Prešov 30 6 11 13 21 32 -11 29 WWDWD
11 Košice 30 6 8 16 24 39 -15 26 DLLLL
12 DAC 30 5 1 24 18 53 -35 16 LWLLL
It looks to me like Slovan might cheat their way to the title but I hope Zilina hang on in there.
They won the Slovak Cup against Senica (in one God awful stadium) on Tuesday so hopefully we don’t see Senica winning.
Senica took over the old Inter Bratislava team and took their share in the league and players a la Airdrie and Clydebank. No Newcos here.
3 games to go, Mon the Zilina (although that makes me very unpopular with my Spartak pals
ernie lynch on 10 May, 2012 at 20:04 said:
Seventy times seven is it?
There is though a difference in contrition of the head being used as a matter of policy to get one’s way and being truly contrite in the heart and recognising previous behavior was actually harming self more than anyone else.
To get to that point the self harm has to be so painful you say in your heart and head “I’ll not do this again..”
I do not think they are there yet, but at least they are thinking about it and what a challenge it will present Tims for whom contrition and forgiveness is part of our upbringing.
Zbyszek
A good Slovak as well is Jan Mucha
Paul you came across very well,
if anyone has wee spence on twitter can you ask him what the background noises were, it sounded to me as if it was either regular sharp intakes of breath from jabba, or Darth Vader had entered the room and was getting friendly with cheeky chico
canamalar
Aye, it would be, but won’t be holding my breath.
to Celtic, not to eltic.
Well done tonight Paul
Must be difficult to stay calm and focussed while dealing with the antics of Jabba and Dung – firing questions at you while moving the goalposts as you try to reply
Notice how they can be very quick to question anything that does not suit their agenda – while taking as gospel anything that does!
HH
Snake Plissken
Yes, he is good man Slovak.
Take us back to 1994.
Do you remember the huns never off your desk wishing to discuss our demise, the press reports gloating away, a hearse outside the door.
2012 —- silence, no one near my desk, where are they, I’m happy to have a chat :)
Ernie
interesting. My memories from my youth were of all the men in the pub drinking together, with their colours on, before and after the match. One group even travelled to the games together and separated before the match and rejoined afterwards. They seemed the best of pals. I am talking early 1970’s. Erenie, what year are you referring to re the Clyde thing?
It all changed for sure but I cannot remember when. It is now the worst I have known with running street battles after almost every game, esp if the scum lose.
I dont know if the picture I paint of a friendly rivalry is typical of the bigger picture. As I indicated earlier today, my village was a small close knit community. It ain’t now! Some would say I now speak through green tinted specs, but it is THEM who are the problem regardless of their constant leaning towards blaming Catholic schools.
They really are a sub human species stuck in another world, and saddest of all, they cannot see it.
Pitiful
Thanks for kind support. Very pleased with the hearing everyone at the BBC gave to me.
Auldheid, yes, we need information promptly and before any major decisions are made.
SFTB, the vote for admission of a Newco was with the SPL board not the general meeting. It required a majority from Celtic, Motherwell, Dundee United, St Johnstone and Neil Doncaster. The chair votes if there is a tie.
It now requires 8 from 12, Doncaster doesn’t get a vote. Now harder to pass.
*Ernie (apologies- typo)
canamalar, Auldheid and ernie,
Thank you all for the information. Particularly interesting that, effectively, in the early days fans went to watch each others` team. With current events, could the cycle become complete? o:-)
JJ
I noticed kitalba’s earlier statement re Duff & Phelps being prepared to make good use of their professional indemnity insurance in the near future.
I think they have more than strained the bounds of credibility in their professional practice with Rangers. If they are charged with maximising returns for creditors, how can they justify telling Bill Ng that he can re-bid, following the dropout of Bill Miller, AND be informed that he need not bid half as much as he did before?
They truly are sticking their backsides oot the windae and asking their profession’s supervisors to administer a good dose of the cane.
Paul67
Very quick post to say BIG well done on the wireless.
At one point they nearly let you answer a question without interrupting, and we’re lumbering over each other to speak.
Great rebuttal of wee chic’s 9 in a row – crowds falling – argument.
Well payed sir.
Bloody missed Paul on SB. Any links anyone?
Paul67 – or anyone else who can answer
Re upcoming vote to admit newco.
Can anyone explain to me the difference between the share transfer as detailed in Artice 25 (the one they’re voting on) and those outlined in Article 2 which require either 90% or 83% vote?
TET,
no one is asking us to, just be recognise it if/when it comes, its a major shift away from dogma.
Auldheid,
ah wis gonnae say something like that, but can live withyour version :OD)))))
Thommo has updated his C4 blog for anyone interested
TNT
http://soundcloud.com/jinkylarsson/paul-from-cqn-on-rs
I laugh so heartedly when it is continually rolled out by D&P that CW will pass his shares on to prospective bidders.
How much did CW pay for his shares, a £1 I think it was. How much are they worth today, less than £1.
CW could give his shares to any orc for posterity, for that is all they are worth.
Why else would you want shares in a dead Company!
Usually the idea is for somebody to buy shares to make a killing (metaphorically speaking before Ally accuses me of incitement). A good strategy, generally. However, acquiring CW’s shares will not make any Investor a wad of cash.
Yes, they could have 85% of shares but they would not have the important factors: no stadium to play in and no seats to sell in that stadium.
Why therefore is so much spin being placed on having CW’s shares.
Posterity is all the shares are good for, that and using them to get royal ascent from Neil Doncaster for newco.
Keep the Faith!
Hail Hail!
Bhodran Man on 10 May, 2012 at 20:06 said:
>>>
Okay…thanks. I’ll get hunting! HH!