Ng: D&P cannot offer shares

268

Apologies for preaching to the converted, but it has been so many weeks since we heard Rangers recovery stories, all of which lauded in the press, none of which worth as much as the £1 the club was bought for 11 months ago.

Ticketus and Blue Knights join forces.  So what?

Players who cannot play for anyone else until the summer agree to take a pay cut until 31 May.  Big deal.

Duff and Phelps delighted that Ticketus judged to be a creditor [but whisper it, Rangers (IA) cannot set their deal aside].  Can you believe this was portrayed as good news for Rangers?  Really?

All along the one man everyone needs has been vilified.  Attitudes have hardened as Rangers best chance of coming through these times intact – doing a deal with Our Hero – has been made politically impossible.

Bill Ng’s opportunistic attempt to gain control of a cheap football franchise has ended with a few fascinating comments:

“We have serious concerns over the deliverability of the shares on offer”.

Have any of you offered Mr Ng a controlling block of Rangers shares?  Unless you’re chilling in Monaco right now I doubt you have the authority.  I think I’ll try to sell the Singaporean investor the Eiffel Tower.  I don’t own it, but you get the picture.  Ng also added:

“We would like to highlight that we have become increasingly uncomfortable and frustrated with the process dealing with Duff and Phelps, and the length of time that it has taken to reach this stage.”

Duff and Phelps are attempting to sell a metaphorical Eiffel Tower without owning it.  Only Craig Whyte can sell Rangers, only Craig Whyte can release security to Ibrox and he will want tens of millions to do so.  Unless a bidder is prepared to cover Whyte’s position all he is doing is wasting time.  The administrators’ comment that Rangers major shareholder was “irrelevant” is perhaps the most damaging thought in 140 years of Rangers history.

Whyte is, as you know, the only show in town. Had Duff and Phelps made this clear to begin with, the recovery would have started weeks ago.

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268 Comments

  1. James Edward McGrory 408 goals in 408 league games on

    Gordon_J backing Neil Lennon on 20 April, 2012 at 15:07 said:

     

     

    For the past couple of weeks I’ve been listening to a fantastic young southern rock band called Alabama Shakes.

     

     

    Great Band :-)

  2. Do you think we will hear today that Miller’s bid has been rejected?

     

     

    Why wait till Monday to reject that rubbish?

  3. Just as a matter of interest is it OK for football governing body executives to discuss RFCIA & SPL/SFA with a third party? Would the approval of D&P be needed and even if that was given is it still OK?

  4. “Rangers need a fresh start and I will always stand up for the Club.”

     

     

    Er with a long history, eh… yes that’s right a fresh start with all our history intact!

     

     

    Er and the tax bill gone…. yes a fresh start, with no tax bill and all the old cheating history in place.

     

     

    Your not asking for much Mr Miller.

  5. Breaking news: an update from Bill Miller:

     

     

    “Due to an administrative error 51 superfluous words appeared at the end of my statement of earlier today.

     

     

    “The statement should have ended with the words: ‘I will not acquire the club.’

     

     

    “I trust that clarifies the position.”

  6. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Pantaloon

     

     

    And you may ask yourself-Well…How did I get here?

     

     

    Hail Hail

  7. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    It’s close to midnight

     

    something evil’s lurkin’ in the dark

     

    under the moonlight

     

    You see a sight that almost stops your heart

     

    You try to scream

     

    But terror takes the sound before you make it

     

    You start to freeze

     

    As horror looks you right between the eyes

     

    You’re paralyzed

     

     

    ‘Cause this is Miller

     

    Miller night

     

    And no one’s gonna save you

     

    From the beast about to strike

     

    You know it’s Miller

     

    Miller night

     

    You’re fighting for your life

     

    Inside a killer

     

    Miller tonight, yeah

     

     

    You hear the door slam

     

    And realize there’s nowhere left to run

     

    You feel the cold hand

     

    And wonder if you’ll ever see the sun

     

    You close your eyes

     

    And hope that this is just imagination

     

    Girl, but all the while

     

    You hear a creature creepin’ up behind

     

    You’re outta time

     

     

    Cause this is Miller

     

    Miller night

     

    There ain’t no second chance

     

    to fight the thing with the forty eyes, girl

     

    (Miller)

     

    (Miller night)

     

    You’re fighting for your life

     

    Inside a killer

     

    Miller tonight

     

     

    Night creatures crawl

     

    In the depths up to haunt in their masquerade

     

    There’s no escaping the jaws of the alien myth time

     

    (Myth time)

     

    To the end of the night

     

     

    They’re out to get you

     

    There’s demons closing in on every side

     

    They won’t possess you

     

    Unless you change that number on your dial

     

    Now is the time

     

    For you and I to cuddle close together, yeah

     

    All through the night

     

    I’ll save you from the terror on the screen

     

    I’ll make you see

     

     

    That this is Miller

     

    Miller night

     

    ‘Cause I can thrill you more

     

    Than any ghoul would ever dare try

     

    (Miller)

     

    (Miller night)

     

    So let me hold you tight

     

    And share a

     

    killer, diller, chiller

     

    Miller here tonight

     

     

    ‘Cause this is Miller

     

    Miller night

     

    Girl, I can thrill you more

     

    Than any ghoul would ever dare try

     

    (Miller)

     

    (Miller night)

     

    So let me hold you tight

     

    And share a

     

    (killer, thriller)

     

     

    I’m gonna get you tonight

     

     

    [Rap]

     

    Darkness falls across the land

     

    The midnight hour is close at hand

     

    Creatures crawl in search of blood

     

    To terrorize y’all’s neighborhood

     

    And those whoever shall be found

     

    Without the soul for getting down

     

    Must stand and face the hounds of hell

     

    And rot inside a corpse’s shell

     

     

    I’m gonna thrill you tonight

     

    (Miller, Miller)

     

    I’m gonna thrill you tonight

     

    (Miller night, Miller)

     

    I’m gonna thrill you tonight

     

    Ooh, babe, I’m gonna thrill you tonight

     

    Miller night, babe

     

     

    [Rap]

     

    The foulest stench’s in the air

     

    The funk of a hundred forty years

     

    And grizzly ghouls from every tomb

     

    Are closing in to seal your doom

     

    And though you fight to stay alive

     

    Your body starts to shiver

     

    for no mere mortal can resist

     

    the evil of Bill Miller

     

     

    (Evil laugh)

  8. Believe it or not there is now a sizeable, yes sizeable, proportion of FF huns saying that this statement is “strong”, “clear”, “a good start”, “at least he is being transparent”.

     

     

    Stupid stupid stupid stupid

  9. So rangers Newco will be in fact Frankenstein rangers?

     

     

    A row of brains in jars, under glass domes, rests on a long,

     

    narrow table.

     

     

    Igor tiptoes slowly, examining the labels on each glass dome

     

    that he passes.

     

     

    ALBERTUS MAGNUS

     

     

    CORNELIUS AGRIPPA

     

     

    LAWRENCE TALBOT

     

    (Physicist)

     

    (Natural Philosopher)

     

    (Hematologist)

     

     

    Then he comes to:

     

     

    HANS DELBRUCK

     

    (Scientist & Saint)

     

     

    Igor approaches the glass dome, lifts it off, and takes the

     

    jar containing the brain of Hans Delbruck.

     

     

    As he turns to go, he sees himself in a Full-length mirror.

     

     

    He drops the jar in fright.

     

     

    He looks down and sees the gooks mass of brain and glass.

     

     

    He sweeps some of the mess under the table with his foot.

     

     

    IGOR

     

    (muttering to himself)

     

    Freud would have a heyday with this.

     

    Well…

     

     

    He looks quickly at the “Brain table,” grabs a jar from under

     

    the glass dome nearest to him, and leaves.

     

     

    On the glass dome, whose contents Igor has just taken, is

     

    printed:

     

     

    DO NOT USE THIS BRAIN!

     

     

    “RANGERS”

  10. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Which SPL and SFA representatives has Bill Miller spoke too ?

     

     

    And about what ?

     

     

    Hail Hail

  11. RogueLeader on 20 April, 2012 at 15:12 said:

     

    Believe it or not there is now a sizeable, yes sizeable, proportion of FF huns saying that this statement is “strong”, “clear”, “a good start”, “at least he is being transparent”.

     

     

    Stupid stupid stupid stupid

     

    ________________________________________________________________–

     

    The Fun Continues even when they eventually die they will wriggle for ages.stupid zombie huns

  12. RogueLeader

     

     

    The ignorance is astounding. Some have even suggested that this “incubator company” route is what Fergus McCann did when he took over Celtic.

     

     

    Astonishing the level of ignorance they have.

     

     

    Mort

  13. Jim Taylor spotted at ayr races. he has lost weight. not eating as well i think.

     

     

    should i ask him anything

  14. The Pantaloon Duck on

    And now KC is tweeting that it’s something to do with the colour of the socks.

     

     

    Could I be more excited?

  15. James Edward McGrory 408 goals in 408 league games on

    Gordon_J backing Neil Lennon on 20 April, 2012 at 15:11 said:

     

     

    Too true, for a debut album it’s awesome, her voice reminds of Janis Joplin. Theyre playing king tuts on May 9th, think its sold out now but you could always give them a call for tickets if you dont have one.

     

     

    hh

  16. 67Heaven ... I am Neil Lennon..!!..Truth and Justice will always prevail on

    I don’t know what the bhuns are complaining about………once they ‘are no more’, they can always go on a ‘walk’ every Saturday…..

  17. Mort – It is utterly incredible how this is going down.

     

     

    They are dying whilst persuading themselves the sweet release of death is just like a new signing…..

  18. RogueLeader

     

     

    Doubt that’s the new jersey as next season’s kit will celebrate 125 years of Celtic and the crest is rumoured to have a special design around it.

     

     

    Mort

  19. Mr Miller would like it to be known that glasgow rangers (IA) are the only Club he ever wanted to incubate.

     

     

    Mr Millers Psychiatric Consulatant has confirmed this.

     

     

    Jim Whyte asks “tell me your royal highess mr miller, why are you so good?”

  20. Another excellent article Paul67.

     

     

    “perhaps the most damaging thought in 140 years of Rangers history”

     

     

    It got me pondering other damaging thoughts in their history…..

     

     

    Here are a few to start off…..in no particular order…..but definitely showing my age…..

     

     

    +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++

     

     

    Scot Symon thinking that Valentine was just the very man to mark Billy McPhail in the 7-1 game (good hat trick Billy)

     

     

    John Greig thinking he could dribble round George Connelly in the ’69 Cup Final (4-0)

     

     

    Their chairman John Ure Primrose thinking it was an excellent policy to bar Catholics from playing for the club

     

     

    The Rangers fan who ran on the pitch to start the 1966 League Cup final riot (after Celtic skelped them)

     

     

    The Rangers fan who ran on the pitch to attack the wee Celtic schoolbhoy and start the 1980 Hampden Riot (after Celtic skelped them)

     

     

    The Rangers fan who started the “Oh yes, we hate Roman Catholics” song at the end of the 1989 SC Final (after Celtic skelped them)

     

     

    The Rangers fans who thought that mass rioting, looting and kicking policeman within an inch of their life was a good response to the big screen not working in Manchester 2008

     

     

    The BBC person who thought that Rangers deserved their very own Crimewatch programme

     

     

    Colin Jackson thinking he could clear the ball on the 21st May 1979 (good goal Colin, 10 men win the league)

     

     

    Dick Advocaat thinking Fernando could mark Bobby Petta on the 27th August 2000

     

     

    Andy Goram thinking it was dignified to wear a black armband to honour a loyalist murderer

     

     

    Kirk Broadfoot thinking he could use the microwave to cook eggs

     

     

    Paul le Guen thinking it was a good idea to sign Sebo

     

     

    Bob FTP Malcolm thinking he could outmuscle Henrik

     

     

    David Murray thinking it was good policy to spend a tenner for every fiver wee Fergus spent

     

     

    David Murray thinking it was good policy to use EBT’s to pay employees

     

     

    The Scottish Media thinking it was better to not investigate Rangers huge financial problems several years ago

     

     

    The fat Rangers fan who thought it was a good idea to go on national TV and speak about The Big Hoose staying open

     

     

    Jock Stein who thought he could inspire Celtic to win The Big Cup on the 25th May 1967

     

     

    tully

  21. Dontbrattbakkinanger on

    fantastic young Southern rock bands will be almost nearly as good as fantastic old Southern rock bands

  22. RogueLeader on 20 April, 2012 at 15:14 said:

     

    Our new home kit…allegedly:

     

     

    a france away top photoshopped

  23. Tow truck King Billy will succour the newco child at his breast,.Whilst administrators Burke & Hare snatch away the old corpse for a scalping.

     

    #MillerTime #Incubation

  24. Paul McKenna ‏ @paulm340 Close

     

    the bill miller statement looks like a letter sent to jimll fix it

     

     

    Brilliant..

     

     

    Dear Jim can you fix it for me!!!

  25. Mort, was on RM site and they love Bill Millers statement! Best thing to happen in 2 months apparently!

     

     

    And yes I saw they were stating the “incubator” was a Fergus McCann route!

     

     

    Stupid Stupid Huns!!

     

     

    SffS

  26. Let’s do the math as the yanks might say

     

     

    £11.2m

     

    less £500k for preferred bidder status

     

    less £1.8m admin fees leaves a grand total of (at most)

     

     

    £8.9m for a CVA.

     

     

    Good luck

     

     

    Mort

  27. FF have a new plan…..stay in administration!

     

     

    They are now discussing why they are even attempting to come out of admin.

     

     

    Admin sounds awesome, I think we should go in and stay in