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. Mort – remember he is also refusing to talk to Ticketus and more importantly refusing to talk to the Major shareholder and security holder.

     

     

    Yet expects to buy the club.

     

     

    I LOVE THIS GUY BUT THE JOKE IS OVER….

     

     

    Which one of you is he?

     

     

    Paul67 has been quiet all afternoon

  2. The huns will lap this guy up no doubt, he ticks all the boxes.

     

     

    Stiff creditors

     

    DEMAND- No Sanctions, fines or points

     

    DEMAND-Spl entry

     

    DEMAND-Keep history

     

    And best of all…. keep ally

     

     

    If one of the fine CQN writers did a comedy play about them, using this material, we would say it’s funny, but too far fetched.

     

     

    Imagine your neighbour is selling his car for ten grand, you go to another neighbour and say you will buy it for a grand, he says but its not mine to sell, you say, ah, but I don’t talk to him.

     

    Absolute mentalists the lot of them.

  3. Hybrid Insolvency Transfer Incubation Liquidation Event – makes sense tae me!

     

     

    Anyone…anyone…is that 11.2m dollars or pounds?

  4. RL

     

     

    Truly baffling.

     

     

    However, just noticed this near the end of his press release:

     

     

    I will agree to “stand down” until Monday, April 23rd to allow any and all “saviours” to step up and claim the club by paying the required deposit and entering into an agreement to purchase.

     

     

    So does that mean that at present there are now no bids on the table for Rangers?

     

     

    Mort

  5. James Edward McGrory 408 goals in 408 league games,

     

     

    The Tut’s gig is a total sell out. I’ve got an e-mail in to their record label about a guest list place – and a queue of folk who want to come along too.

  6. From a FF’er by the name Earl of Leven, said without sarcasm and in full seriousness:

     

     

    We need the publicity shy Blue Knights to break cover

  7. johann murdoch on

    Latest from our new hero in the USA

     

     

    Ah good afternooni ,

     

    Dear frounds in hundom is my intentio to vary the hybridly liquidoni during the incubationy period,theremuster following administrone,then remorph with transcience hibrdly squiddlydidlly two times on the thrumpenny bit SPL

     

    deep joy

     

    Milly Biller

  8. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    You must leave now, take what you need, you think will last

     

    But whatever you wish to keep, you better grab it fast

     

    Yonder stands your orphan with his gun

     

    Crying like a fire in the sun

     

    Look out the saints are comin’ through

     

    And it’s all over now, Baby Blue.

     

     

    The highway is for gamblers, better use your sense

     

    Take what you have gathered from coincidence

     

    The empty handed painter from your streets

     

    Is drawing crazy patterns on your sheets

     

    This sky, too, is folding under you

     

    And it’s all over now, Baby Blue.

     

     

    All your seasick sailors, they are rowing home

     

    Your empty handed armies, are all going home

     

    Your lover who just walked out the door

     

    Has taken all his blankets from the floor

     

    The carpet, too, is moving under you

     

    And it’s all over now, Baby Blue.

     

     

    Leave your stepping stones behind, something calls for you

     

    Forget the dead you’ve left, they will not follow you

     

    The vagabond who’s rapping at your door

     

    Is standing in the clothes that you once wore

     

    Strike another match, go start a new

     

    And it’s all over now, Baby Blue.

  9. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    Ched Evans jailed for five years for rape.

     

     

    Was he not linked with us a few years ago when he was with Man City?

  10. Mort – that is how it reads to me. Time is ticking and if there are now zero bids D&P may have to exercise their duty to the creditors….

     

     

    Tick Tock

  11. P67

     

     

    what are D&P up to

     

     

    any ideas ?

     

     

    as regards Miller

     

     

    see he`s been sounding off..requesting assurances re various things all the while banging on about a CVA

     

     

    is their any end to this nonsense …or any beginning to sensible disclosure

     

     

    all the while D&P continue to hoover the fees

  12. Sir Paul

     

     

    Here’s Wan Fae the Dug..

     

    >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

     

     

    “They’ve Been Bombarded by Bids

     

    From Consortia Galore..

     

     

    But, Not One’s Met with Success..

     

    So..

     

    They’ve Been Flushed Out the Door!

     

     

    Now the time it has Come.. As the Walrus once said,

     

    To start Talking Turkey, Send those Gangs off to Bed!

     

     

    What the G.A. Needs, Now, in this Dire Time of …Need,

     

    Is the Return of the Guy, Astride, The Champion Steed.

     

     

    With A Gallant “Hi Ho!” and His Swashbucking Way,

     

    He’s just The Ticket..

     

    To Come and Save the Day!

     

     

    For He Owns A Rich Mine.

     

    That is Secret and Hidden,

     

    and the Silver From It,

     

    Can Save the Ibrox Midden!

     

     

    But, Alas and Alack!

     

    There’ No Chance that He’ll Come,

     

     

    For,I’ve just had a Chat,

     

    With His Very Nice, Mum.

     

     

    And, It seems that Her Son’s a Staunch Fan of the ‘Tic!

     

     

    Which is No Great Surprise..

     

    As ..

     

    The Family’s… All Micks!”

     

     

    collie,

     

    Tail’s Awaggin’, Awaggin’

     

    >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

     

     

    Kojo.

     

    And. Yes..

     

     

    Still , Laughin’ .. like . Hell!

  13. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    SFA verdict on Rangers and Mr. Whyte delayed

     

     

    By Tom English

     

     

    THE Scottish Football Association have delayed the announcement of any disciplinary action against Rangers and the club’s majority shareholder Craig Whyte until next week.

     

     

    Rangers faced five charges and Whyte two with the SFA’s judicial panel hearing the third and final day of evidence and submissions today.

     

     

    The SFA said: “The judicial panel have advised that, due to the schedule of evidence and final submissions in respect of the tribunal involving Rangers FC and Craig Whyte, there will be no announcement of determination today.

     

     

    “The panel chairman has advised that a period of deliberation will follow today’s hearing. With the way the present situation is panning out it may well be the case that Craig Whyte is indeed the new owner and majority shareholder with Rangers and therefore we may be unable to consider him an irrelevance. If this is indeed the case then a more diplomatic tact may have to be struck while dealing with Mr. Whyte an announcement is anticipated in early course next week.”

  14. this week @TicBet goin for the following…

     

     

    Real Mallorca (h) to beat Zaragoza

     

    Newcastle (h) to beat Stoke City

     

    Bristol City (h) to beat Barnsley

     

    Swindon (a) to beat Gillingham AND

     

    Peterhead (h) to beat Clyde

  15. Monday 23rd April is my birthday. Will Bill Miller make it my best ever birthday – extinguishing the last hope?

     

    If so then I should be eternally grateful to him. I am going to Chicago in September for two weeks, was planning a we day trip to Milwaukee to tour the Miller Brewery. It may be a more poignant visit for me now!

  16. RogueLeader @15:14….No that is not the new strip.

     

     

     

     

    Despite what you may have read or heard today.

     

    Bill Ng is still the only bid in town & he ain’t walking away just yet.

  17. OK gone very slow on here all of a sudden. Because its Friday going home time or is something about to break and the rest of you are keeping it back from me? :-)

  18. vandalgrease

     

     

    i`ll now be humming that tune and laughing for hours now

     

     

    “Crackpot McDougall”…comedy gold

  19. Aw Naw

     

    “a more diplomatic tact” ?

     

    as opposed to what ?

     

    as opposed to ach its only Whytey and the rfcia fans are gettin shot of him so we can heckle the wee chappy all day long ?

     

     

    methinks they’re beginnin to smell the coffee

     

    Whytey does not do walkin away

     

    :)

  20. You put your right leg in, your right leg out, your right leg in and you shake it all about.

     

    You do the MacAvennie and you score a goal.

     

    And thats what its all about….

     

    OOOOOOO Frankie MacAvennie

     

    OOOOOOO Frankie MacAvennie.

  21. RalphWaldoEllison-is Neil Lennon Season 2011-12 on

    Just retweeted by Grant Russell from STV

     

     

    Andy Coyle‏@STV_AndyReply

     

    Retweet

     

     

    Neil Lennon’s charge from Ibrox related to his touchline conduct during the 1st half and not the incident in the tunnel, STV has learned.

  22. When the huns go boom, have Arnold Schwarzenegger turn up at Ibrox with an outsize gun.

     

     

    Arnie: Incubate this!

     

     

    (cue hunageddon)

  23. RalphWaldoEllison-is Neil Lennon Season 2011-12 on

    So that means it was something that happened during 1st half, but that Brines kept to himself?

  24. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    Think I might hammer West Brom tomorrow,seems Fortune is doubtful.

     

     

    Fill yer boots before they rule him out completely and the price plummets.

  25. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Time slips away

     

    And the light begins to fade

     

    And everything is quiet now

     

    Feeling is gone

     

    And the picture disappears

     

    And everything is cold now

     

    The dream had to end

     

    The wish never came true

     

    And the girl

     

    Starts to sing

     

     

    Seventeen seconds

     

    A measure of life

  26. The Meet

     

     

    I went to talk to the sfa

     

    They didn’t say go away

     

    In yae come have some tea

     

    We’ll listen to yir forlorn plea

     

     

    Nae mair points aff? Right yae are

     

    All forgotton, wunderbar

     

    Yae want to be champions once again

     

    Mr Miller wit are you saying?

     

     

    Nae mair cheatin, so that they know

     

    Keep it hidden down below

     

    Don’t want nae changes, mair awe the same

     

    The best way forward, I do proclaim

  27. Bill Miller: Ally, I have a very, very, very cunning plan.

     

     

    Ally: Is it as cunning as a fox what used to be Professor of Cunning at Oxford University but has moved on and is now working for the U.N. at the High Commission of International Cunning Planning?

     

     

    Bill: Yes it is.

     

     

    Ally: Hmm… that’s cunning.

  28. RalphWaldoEllison-is Neil Lennon Season 2011-12 on 20 April, 2012 at 15:45 said:

     

     

     

    Just retweeted by Grant Russell from STV

     

     

    Andy Coyle‏@STV_AndyReply

     

    Retweet

     

    Neil Lennon’s charge from Ibrox related to his touchline conduct during the 1st half and not the incident in the tunnel, STV has learned.

     

     

    Ralph, this is surely not credible? For his ‘actions’ during the first half he was not sent to the stand during the first half! At half time (AND AFTER giving his team talk) he was sent to the stand for an ‘offence’ not worthy of sanction during the actual first half?!?!?!?!

     

     

    Have I got that chronoligical (sp) & correct?

  29. seventyxseven 'gelee et glace' on

    Scene from the Royales:

     

     

    All the women in the kitchen having a cuppa. Enter Cheryl.

     

     

    Barbara – Oh Cheryl, tell everyone the good news..

     

    Cheryl – Well I went to see a clarvouyant and she told me that I’m going to find true love in two days, two weeks, two months or two years..

     

    Everyone – Oooooh that’s brilliant, Cheryl..

     

    Michelle – Wait a minute, who did you go to?

     

    Cheryl – Gemini Astrid up the precinct.

     

    Michelle – Did she charge you three quid?

     

    Cheryl – Yeh.

     

    Michelle – I wouldnt pay any attention to her, she talks complete bollox, she does…

     

    Barbara – Oh no, Cheryl, you found true love, and now you’ve lost it.

     

    Cheryl’s mum – Ah well, better to have loved and lost than never to have loved at all….

     

    Barbara – Here, Cheryl, have another sausage roll….

     

     

    Just came back to me while reading the latest out of our own Royals…