Information leaked from Charles Green that he is due to meet Celtic chief executive, Peter Lawwell today. I’ve no idea if it’s true (sooo many wrong steers from over there) but, if accurate, it puts our man in an invidious position. Mr Green appears generous when reviewing the success of meetings.
At his infamous ‘Blood on their hands’ press conference, would-be-pope-of-Ibrox, Brian Kennedy, told us “HMRC will not agree to a CVA until the very last minute”. Why would they? We believe Green has offered £8.5m but he has spoken about having raised £20m. If HMRC are negotiating at all (and I have my doubts) they will want as much of that £20m as possible, and I’m sure they will, as Mr Kennedy suggested, wait until the very last minute before agreeing to anything (they won’t, b.t.w.).
None of this matters to Mr Green, he can say HMRC told him they’ll scrub the debt if he paints the Blue Room pink and no one can contradict him. He is likely to be looking for some comfort from Mr Lawwell but I am sure he will be told that Celtic are unable to support any measure to parachute a Newco into the SPL (after his CVA fails, which it will). Mr Green, who is also trying to maintain the support of the backers needed to commit cash by Friday, will almost certainly emerge from the meeting uttering words like “constructive”, “helpful” or maybe even “very positive”.
He is wasting his time. Words like “sobering”, “alarming” and “downright obstinate” might be closer to the truth.
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My late night ramblings brought me to
http://www.amazon.com/exec/obidos/ASIN/0814742963/africangenesis
They didn’t mention this when we covered Wilberforce.
PJBHOYNYC 0515
Any excuse or no excuse,good enough for me.
The man was a genius.
PJ
Saw one of his last gigs in glasgow .wonderful.
Based on admittedly only one game, Saturday, Justin Rhodes would be as useful to us as Cecil Rhodes.
We should not spend time or money pursuing him, unless we want someone specifically to take penalties.
‘GG on 29 May, 2012 at 05:29 said:
Based on admittedly only one game, Saturday, Justin Rhodes would be as useful to us as Cecil Rhodes
His brother Jordan’s not bad though ;)
Morning all. Have we gone nuclear yet?
Morning Celts, sparkle Naw yet imminent though :>)
C’mon Barca spill the beans!
Hx2
Good morning friends from a ‘back to normal’ East Kilbride – dry but completely overcast and less than Scorchio.
So it seems that whoever is the main player behind Barcabhoy, RTC etc is sitting on a tonne of info and is patiently releasing bits n bobs to coincide with pro Rangers guff. Today D & P release details of the proposed CVA so let’s shoot them down a wee bit. I like their style.
It’s all a bit too patient for me but that’s why I’m crap at games of bluff.
I wonder if they’re saving the silver bullet for the day (if it comes) that the SPL try and force newhuns into the league. Doncaster could end up looking more ridiculous than he already does.
Cmon then Barca, release the hounds!
•-:¦:-•** -:¦:- SparkleGhirl :¦:-.•**• -:¦:-• on 29 May, 2012 at 06:03 said:
That shows how poor an impression he left.
He was MIA.
“And Caesar’s spirit, raging for revenge,
With Ate by his side come hot from hell,
Shall in these confines with a monarch’s voice
Cry “Havoc!” and let slip the dogs of war,
That this foul deed shall smell above the earth
With carrion men, groaning for burial.”
Just seen this on my quick scroll back
Paul67 on 28 May, 2012 at 23:48 said:
I’ll be on the road tomorrow morning but there will be a new article up at 9:30, an attempt to summaries where we are on various fronts and where next for Celtic.
Could someone let people know when the article is up?
Thanks.
Hmmmmmmmmmmmmmmm
Barcabhoy says:
29/05/2012 at 6:33 am
18 0 Rate This
there has been a lot of speculation surrounding the news that more is to come out about Rangers and the seriousness of what is still to be revealed.
the first thing however is to dispel some of the wider rumours that have been doing the rounds.
this is not about match fixing, its not about bribing referees, its not about political interference , its not about banks behaving inappropriately or illegally .
I have absolutely no knowledge of any of these things.It is also highly unfair that individuals who have not been involved in any wrongdoing are speculated about. As i posted earlier the information I alluded to is not my story. I can therefore only provide a little bit of information at this time. When I am allowed to I will post more. Timing is not in my control.
The BBC documentary touched on EBT beneficiaries and the amounts they received. The nuclear information takes this further. I am able only to give you this initial bit of information just now, however the significance is enormous .
“Graeme Souness received much more than just the 30k Mark Daly mentioned. Rangers supporters, Scottish football administrators, and the legal authorities in Scotland deserve to know why he received this money a decade after leaving Rangers’ employment?”
Maybe Mr Souness could enlighten us, or maybe one his chums in the MSM could provide him with a platform to deny this.
Much as I respect BarcaBhoy, this style of “I will reveal all at a later time” posting grates a little.
You got something to say? Say it.
It’s not your story? Well, keep schtum then.
Above post from Barcabhoy on RTC.
Good morning CQN from a cool and misty morning in Clydebank
Looks as if it will brighten up around 9-30 this morning
Can’t wait
Stick it to them Paul
Keep the Faith
Hail Hail
ItaliaBhoy – Barca’s post has the main section in quotation marks. He has done that for a reason. Looks like he is simply posting verbatim what he is being told.
With regard to Souness and Rangers transfer dealings – was he directly involved in Boumsong and Barry Ferguson moves?
So is the nuclear bit referring to transfer bungs by paying EBT loans to the manager(s) of other clubs.
Rangers made some big wins in buying cheap and selling high which previously raised the interest of the fraud squad. Mmmm.
Big positive for McCoist – apparently Ally told the Hun hordes where George Osborne lives – result is no “pasty tax”.
ItaliaBhoy
There is a very good reason why the information is being released the way it has been. I made it clear I am not in control of this. My source wants the information released this way.
Someone on KDS was kind enough to repost an old post of mine from 4th October 2006 where I suggested that Lord Stevens had a look at EBT use at Rangers. I doubt anyone has been suggesting improper use of EBT’s for as long as I have. My source knows that I won’t breach a confidence and won’t post anything they are uncomfortable with on this matter
in my shoes I suspect you would do exactly the same
Barcabhoy – we understand mate. Keep em coming.
“The proposal will offer the best return for
all stakeholders,” said Paul Clark of Duff &
Phelps. “If approved by the creditors, the
CVA proposal will rescue the company and
finally enable it to exit administration.”
The best thing for creditors is to shut them down and sell everything.
Duff&Duffer, worst administrators in history.
A very good morning all from a very sunny Roscommon
it’s gonna be another scorcher!!
been off line a few days and was not going to log on this morning and then i see maybe another bombshell to hit the huns
hope you are right Barcabhoy and whatever it is, is worth the wait!!!
Looks like Souness has being giving it laldy with the ole add ons.
Wonder if Watty n Eck were at it anaw while away from the hun?
Barcabhoy,
your response to Italiabhoy was the 666th post – significant?!
The blog respects you and your posts – unlike the Hoardes of Hades across the river, you are using your integrity – respect.
Pay back for Boumsong and Mendes – from wiki –
However, as Boumsong was a free agent, his agent, the Monaco based Scot Willie McKay negotiated the best sign-on fee to the player for Boumsong from Scottish Premier League club Rangers.
As a result, Boumsong joined Alex McLeish at Rangers in 2004 and signed a five year contract. Boumsong quickly adapted to the Scottish game and showed his skill as a centre back, leading to rumours that his stay in Glasgow may be shorter than expected. Halfway through the 2004–05 season, Newcastle under new manager Graeme Souness, made an £8 million bid for him, which Rangers accepted in a deal that was finalized once the January 2005 transfer window opened.
£8m profit in 6 months – Willie Mackay – mmmm!
Hail! Hail!
DavieL
Duff&Duffer not aware there could be Fifa sanctions.
Rangers have been warned that a successful
court appeal against their one-year transfer
embargo could end up with them being
kicked out of football.
The Ibrox club, who expect to publish
Company Voluntary Arrangement (CVA)
proposals on Tuesday morning – after yet
another delay – will be back in the Court of
Session in Edinburgh on Tuesday, seeking a
judicial review of the 12-month signing ban
imposed by an independent SFA panel.
But leading sports lawyer Dan Chapman, of
Full Contact Law, told Sportsmail: ‘If the
courts were to say that they wished to
overturn the transfer ban, the SFA will have
to say they don’t recognise the decision of
the court.
‘And, if Rangers want to
impose the decision upon
them, the SFA will have no
choice but to expel them.
Otherwise, the game is in utter
disarray and anarchy, with no
one paying any attention to a
decision by the governing
body.
‘If the Court of Session find in favour of
Rangers, the SFA certainly don’t have to
accept.
‘They will say: “If you want us to accept
that, you are further breaching the rules –
which means we’ll expel you. In that case,
your legal remedy is pretty pointless
because you’re no longer a club allowed to
play in our leagues”.
‘It would be a futile victory. It seems to be
that, for want of a better expression, it’s
been a bit of a cock-up.’
Jobo Baldie on 29 May, 2012 at 06:31 said:
Good morning friends from a ‘back to normal’ East Kilbride – dry but completely overcast and less than Scorchio.
You can’t say you weren’t warned:
http://www.youtube.com/watch?v=abFJuqp867g
Re: Souness
When the £30k revelation was made last week, my first reaction was ‘what about the Boumsong deal?’
I have no idea why I thought that of course. Maybe I subconsciously think there is something dodgy about the value of an average player increasing eight-and-a-half million times in a six-month period.
Jobo balde
Normally every morning your forecast doesn’t help, but this morning I am in Southampton so happy to hear what is going on in EK, by the way Southampton is warm and sunny.
Good morning CQNers,
Everytime I see mention of …Duff, Phelps, Greene, Daily Record, Ally McCoist, ete, etc …over the next few days I’ll automatically hear this tune in my head.
ASonOfDan on 29 May, 2012 at 07:35:
On the CVA:
From what is being reported it would appaer that £8.5 million is being offered in the CVA…
Picked up on something on STV last night, HMRC are owed £14 million; this is factually incorrect. HMRC are owed £42 million (£28 million (EBTs) and £14 million (PAYE NIC)). Oh and it will be more as there is the interest.
Although the BTC tribunal is not yet in HMRC have ruled that the £28 million is due, therefore, they are looking for it now.
With HMRC alone looking for £42 million now, there will be no agreement on a CVA. Besides as I understand it the CVA will propose to pay-off footballing debts, £3.5 million (ball park), leaving £5 million for all other creditors. From the latter D&P are owed fees, roughly speaking I would say we are looking at £3 million for Ticketus, HMRC et al.
Som would argue that there is no more in it by liquidating, I disagree. Additionally if CVA is agreed, the book is closed. On the other hand by liquidating, HMRC and potentially any and all other creditors get to look at the books.
I smell liquid.
Keep the Faith!
Hail Hail!
Was Souness getting any money from the huns pre the spl?
Islam Feruz turning out to be a disrespectful, selfish, horrible wee guy.
Better off without him, he will one day end up at Doncaster Rovers like another disgusting individual.
HH
Morning All,
Try not to laugh……..
CHARLES GREEN has put himself in line for a potential £4million windfall from his plan to keep the padlock off the front doors of Ibrox.
Record Sport can today reveal secret details of Green’s proposals to save Rangers from extinction.
The plans have been published in a glossy 24-page presentation to prospective investors.
Green claims anyone willing to invest in his rescue mission will double their cash as part of a get-rich-quick scheme.
And the document reveals Green also stands to personally pocket a multi-million pound bonus from the deal, despite not laying out a penny of his own money on the takeover.
The Yorkshireman is still trying to recruit more financial muscle and hopes to raise as much as £40m from investors.
Last week he was scheduled to provide £2.7m – needed, it’s thought, to pay the club’s wage bill until a CVA is accepted in early July – but administrators were left empty handed.
However, after a day of talks yesterday, Green delivered enough cash to allow Duff and Phelps to proceed with the proposal to the club’s creditors.
Green will be given time to raise the £8.5m required for the CVA pot but he has now convinced Duff and Phelps the cash is there to keep the club in business throughout June.
In his confidential ‘Investor Presentation’ Green reveals his plan to buy the club through holding company Sevco 5088.
He will then become chief executive and says the club will be floated on the AIM stock market later this year when his group of investors stand to ‘double’ their money.
The brochure says: “Founding investors who put up the first £10,000,000 will receive 10,000,000 additional shares at a value of £1 per share on a pro rata basis effectively doubling their contributions.”
Green also stands to make a fortune as the brochure reveals he is “being incentivised by 10 per cent of the enlarged share capital of the holding company post completion”.
Duff and Phelps confirmed last night the CVA notice will go out this morning but, should that fail, Green outlined his plan B.
In the document it is stated “in the very unlikely event a CVA is not agreed by creditors” Sevco will pick up Ibrox and Murray Park at a knock down £5.5m.
It also describes ‘advantages’ to a Newco being banned from Europe for three years, including slashing the first-team wage bill from £18m to around £11m.
Above from Jingle in this mornings dr
Mac
Jobo
I look forward to your forecasts as I know if it’s not raining in EK and is at least 5 C that, elsewhere in the UK, it will be sunny with a minimum temperature of 21 C.
Thank you, sir!
If I may play Devil’s Advocate for a minute . . . what if, while manager of Rangers, Souness had a clause in his contract whereby any player he himself scouts and brings in as a signing for the club, he gets a bonus if the club then sell the player on for a large profit further down the line, and regardless of whether or not he is still manager of the club?
Far fetched?
Almost certainly, but I just wondered.
Being banned from Europe is an advantage Hark Mately!!!
“….save the club from extinction…”
I thought if they liquidate their history carries on like all those pterydactyl’s you see in the zoo?