I’ve spoken to a few Rangers fans over recent months, the base line of acceptability has been redrawn many times. If you read back on what was presented as reality on 13 February, when Craig Whyte announced that while it was “business as usual” he applied to the court for a 10 day period to appoint an administrator.
Back then, administration was abhorrent, but suggestions of liquidation were regarded as outrageous. On 22 February Celtic Quick News asked questions about Improper Registration of Football players, was it possible that Rangers results would have to be re-written as 3-0 defeats for a decade or more?
In March Rangers director (still, I believe) Dave King sent out a new baseline, liquidation was inevitable but there was no question that titles would be taken off Rangers. Even this concession to liquidation was disputed by the Blue Knight and Duff and Phelps. Publicly, both still hold to this line, although Duff and Phelps use some creative ideas to get there.
Most now know that liquidation is inevitable. A few understand that the SPL inquiry into player registration is likely to result in five or more league titles being reallocated to Celtic, but I don’t hear anyone accepting the reality of the situation.
Rangers don’t have a buyer, primarily as the administrators don’t have a stadium they can sell. Even if they try to remain in administration for next season, Ticketus own the majority of their income. It will cost countless millions to pull a deal together, much more than the £11.2m Bill Miller considered putting on the table, and no one is coming up with that kind of money.
In the unlikely event these problems are resolved, whatever club emerged would have to deal with the fallout from players refusing to join a Newco and becoming free agents, football fines debts from Oldco, SFA penalties, Newco penalties if preferential treatment is provided in order to get them into a higher league, and SPL penalties for Improper Registration of Players.
There are two simple solutions. Form a new club, ask to share Firhill or Love St – or better still, rent Cathkin Park (reset ambition for Rangers as the new Third Lanark), and apply for entry to the Scottish Football League. Alternatively, co-opt a lower league club, maybe Airdrie United could help, rename it and spend however many years as it takes trying to acquire whatever parts of Ibrox survives liquidation.
This is a controlled and predictable way forward, a concept not delivered by Duff and Phelps, totally in the control of whoever wants to harvest fallout from the demise of the Rangers brand.
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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Administrators, Duff & Phelps, say it is still possible for the Glasgow club to be sold before the end of the season.
Paul Whitehouse has issued a statement saying that, following the surprise withdrawal of interest by the Tennessee Tricking Tycoon, Bill Miller, new interest had been expressed from a number of sources, including poultry specialists Huey, Dewey, and Louie, and a consortium of mining moguls led by one Ms S White (no relation to Mr C Whyte). A third group had also made a formal request to be kept informed of developments, thought to be the Wimbledon-based building and recycling conglomerate led by a Mr Bulgaria.
Awe Naw ….. Can you not just tell me a lie…..LOL
Can’t believe the MSM are still talking about us needing them ….. They just don’t understand, do they……
Can’t Administrate,won’t Administrate.
Van Hoogstraten’s life of controversy
Nicholas Van Hoogstraten was jailed for manslaughter but later released
As the millionaire property developer Nicholas van Hoogstraten is arrested over currency allegations in Zimbabwe, the BBC News website looks at his business practices and private life.
Once heralded as Britain’s youngest millionaire, Nicholas van Hoogstraten has never made any secret of his robust approach to business.
During one of his many court appearances a judge described the tycoon as a “self-styled emissary of Beelzebub”.
From an early age he aspired to be what he calls a “quality person” and was a great fan of Margaret Thatcher because she made him “proud to be English”.
He left school at 16, joined the Royal Navy and travelled the world. Just a year later he sold his astutely acquired stamp collection for £1,000 and embarked on a business career, buying property in the Bahamas.
Now he is believed to have homes in Barbados, St Lucia, Florida, Cannes and Zimbabwe.
He has spoken warmly of Zimbabwean President Robert Mugabe, whom he once described as “100% decent and incorruptible”. He holds vast fortunes in the African country and once said: “I don’t believe in democracy, I believe in rule by the fittest.”
Branded
Nicholas van Hoogstraten, 60, is no stranger to controversy and his list of previous convictions includes ordering a grenade attack on the home of a business associate, a Jewish clergyman who he claimed owed him money.
For that he spent four years in Wormwood Scrubs in the 1960s, but he would later face much more serious charges.
In 1999, Mohammed Raja, 62, was shot dead by two men identified as Mr Hoogstraten’s henchmen, but the tycoon’s conviction for manslaughter was quashed by the Court of Appeal in July 2003 and he was freed five months later.
Following his release from prison Mr Raja’s family brought a £6m civil action against him.
In December the civil courts – where the standard of proof required is much lower than the criminal courts – ruled that on the balance of probability, Mr Van Hoogstraten was involved in the murder.
High Court judges ordered him to pay £500,000 interim costs but the businessman was typically defiant and has stated that Mr Raja’s family would “never get a penny”.
Mohammed Raja was stabbed and shot by two ‘career criminals’
Mr Van Hoogstraten also hit the headlines during an ugly spat with ramblers over a public footpath through the grounds of the enormous mansion near Uckfield in East Sussex.
Called Hamilton Palace, after Bermuda’s capital, it is neo-classical, with a copper dome. It is estimated to have cost £40m so far and is reportedly the most expensive private house built in Britain for a century.
It is bigger than Buckingham Palace and has a 600ft art gallery and a mausoleum designed to hold Mr van Hoogstraten’s body for 5,000 years. The mausoleum’s walls are three feet thick because he said he wanted to “make the building last for ever”.
Never afraid of a fight, he has described taking on a nun at school.
She “tried to whack me with a chair-leg once – I grabbed it and hit her and she never tried again”.
The only purpose in creating great wealth like mine is to separate oneself from the riffraff
Nicholas van Hoogstraten
He was born in 1946 in Shoreham, East Sussex, as plain Nicholas Marcel Hoogstraten – the “van” was added later. His father was a shipping agent and his mother a housewife.
With the profits he made from his Bahama property deals, he moved on to the British housing market, buying six properties in Notting Hill, London, before moving on to Brighton.
By the time he was 22, he was reputed to have had 350 properties in Sussex alone and to have become Britain’s youngest millionaire.
But he also gained a sinister reputation and was accused of using strong-arm tactics against tenants of slum properties which he bought cheaply for redevelopment.
In the 1980s, as the housing market boomed, he prospered, acquiring more than 2,000 properties.
By the 1990s he had sold 90% of them, making massive profits and investing in other areas, including global mining.
When a fire broke out at one of his properties in the early 1990s in Brighton, he described the five people who died in the blaze as “scum”.
‘Filthy tenants’
To Mr van Hoogstraten his tenants are “filth”, while people who live in council houses are “worthless and lazy”.
Hamilton Palace, Nicholas van Hoogstraten’s Sussex mansion
He once said: “The only purpose in creating great wealth like mine is to separate oneself from the riffraff.”
He has also said he believes that “the whole purpose of having money is to put yourself on a pedestal”.
He has five children – four sons and a daughter – by three different mothers.
He said he is preparing his eldest son Rhett, 20, to take over his empire – which he says is worth £800m.
In a BBC interview last year the property baron said he had no plans to retire, but wanted his son to be groomed to eventually take over.
He said: “I’m still young and fit and I’ve got a long time to go. I’d like him to shadow me and find out everything that’s going on.
“But it’s a difficult task because I keep everything close to my chest, nothing’s in writing, there are no records of anything.”
Duff and Phelps discuss the latest preferred bidders offer….
http://www.youtube.com/watch?v=1azumuu_vmQ
If every smack addict in Scotland became a Rangers supporter they would experience those high and low tumults without having to spend money.
The Health and crime stats would be a lot better as well. It’s a win-win situation.
If Mr Van H is involved there are going to be even more banners unfurled at Ibrox. Check out where he went to school (from Wikipedia):
“He was born Nicholas Marcel Hoogstraten in Shoreham-by-Sea, West Sussex, the working-class son of a shipping agent. His mother was of German and English heritage, his father was of Dutch and French heritage.[citation needed] He was educated at a local Jesuit school, but is also known to have attended Blessed Robert Southwell Catholic School in Goring-by-Sea, now known as Chatsmore Catholic High School. He left school in 1962 (aged 17) and joined the merchant navy for a year. He began his property business in the Bahamas with an initial investment of £1,000 realised from the sale of his stamp collection”
Craiginho
Is this all a dream CSC
raditionalist88 on 9 May, 2012 at 14:43 said:
Nicholas van Hoogstraten (born Nicholas Marcel Hoogstraten[1] on 25 February 1945) is a British businessman and real estate magnet.
I think I might have one of these on my fridge !
HH
TheGreenManalishi(WithTheTwoProngedCrown
DeclanCSC :)
HH
TheGreenManalishi(WithTheTwoProngedCrown) on 9 May, 2012 at 14:15 said:
“Stand-Alone CVA” as opposed to a “CVA with Moritorium”.
Johann Murdoch
There ain’t no sanity clause.
HAHAHAHAHAHA
Let cheating dogs die
Ulryc
67Heaven…
Neil Lennon in an interview shown on SSN this morning, I think the interview was from the SPL awards, said Celtic ‘probably’ needed the huns regarding finances and commercial issues.
Im a little concerned as it didn’t seem like a throwaway comment.
VAN HOOGSTRATEN,EH?
As owner of Ibrox?
Well,he is used to having,in his own words,”scum” as tenants.
And it would be fun to see Dingwall et al trying to intimidate him.
But the best part would surely be when he was assessed for “fit and proper” status.
Some olympic-class somersaults might be required for that……….
Guys, when does the new SPL season scheduled to start, anyone know? Also, Champions League qualifiers and first round of group games if possible.
HH
Giggs
Agent Craig “Green and” Whyte!!
Maybe not a throwaway comment, but definitely a recycled one …
Awe_Naw,
Thanks.
Next question then: what has Whyte been paid for his shares? I’m guessing that it’s more than £1.
And will he retain the charge on the assets. I’m guessing that he does?
GiggsyBhoy on 9 May, 2012 at 14:58 said:
saturday 4th august
Snake Plissken on 9 May, 2012 at 14:52 said:
Johann Murdoch
There ain’t no sanity clause.
Duff and Phelps doing business!
http://www.youtube.com/watch?v=L_ALYkBIF-4
Folly Folly….
I hope so but not a recycled interview it was from last night as NL was suited an booted and interviews with CM and JF followed regarding their Spl awards.
A big change from board statements saying we dont need the huns, end of.
I have sent Duffer and Phelps a letter of interest to buy, I expect they think it came from a rum company wanting to buy another rum business
‘crushed nuts?’ ‘Naw, Layringitis!’ on 9 May, 2012 at 13:17 said:
Hearing that Thai Tims school visits have been cancelled as a result of a complaint to director of education, only in Glasgow!!
Is there a link to this? if true absolutley disgracefull
Is Hoogstraten really being touted as a future owner of Rangers or simply of Ibrox?
I lived along the coast( Eastbourne) from Brighton for many years. Hoogsrtaten was considered, without a doubt, to be the most evil person in the area.
jj
If it really is Mandaric and Bates involved then I think that they just discovered another 2 apocalyptic horsemen.
Swimming with the sharks….
naismith: ‘it’s a blow that we’re back to square one…
we’re still in the agreed process, the boys have been tremendous!
Naisy’s next move will require poise, speed, quick thinking, teamwork ‘you want fries wi’ that?’
Agent Craig “Green and” Whyte!!
I suppose iIt depends what you mean by ‘need’.
I ‘need’ a drink most nights of the week, but I could do without one (and in the long run I might be better off for not having one).
I think it is clear that a ‘coorection’ in the finances of Scottish football will almost follow the demise of der Hun, so I suppose its a matter of degree.
In the short term. at least, and in purey cash terms, I fully expect Celtic to loose the most from the disappearance of the Foe Malign.
Maybe Neil is lamenting the prospect of having to develop the playing side of the club in the face of reducing income …
FF
Gordon_J
Can I pass ?
HAil Hail
Sorry, Agent Craig, spelling away to hell there …
Perhaps you can see why I have a drink most nights!
MurdochauldandHay on 9 May, 2012 at 15:08 said:
———————————————————-
I posted yesterday that as a result of a parent’s complaint the TT were not to wear celtic tops or sing celtic songs, this was an edict from the director’s office, today I have heard of one school where the visit hass been cancelled as a result, you will see if you Youtube some of the school visit films have been taken down, as I said, Only In Glasgow!
GiggsyBhoy on 9 May, 2012 at 14:58 said:
“Guys, when does the new SPL season scheduled to start, anyone know?”
On a date that will be announced by Doncaster just as soon as he gets a call from DuffnDuffer?
I think it was a wise comment from Neil regarding Rangers (IA). He said probably which doesn’t mean yes. Why bring more heat on himself. He is playing it cute these days.
It’s out of his hands and he can say whatever he likes won’t change a thing.
The pressure is off our manager after winning the league. He is now a winner and wants to concentrate on the fitba. Should he have been asked the question? No! Did he answer it wisely? Yes.
Well played Neil.
LB
Awe_Naw,
I didn’t mean that to read like they were questions for you – just general questions!
Gordon_J
Phew !!!! :-))
Hail HAil
Nicholas van Hoogstraten was the inspiration for Carter USMs top tune ‘Sheriff Fatman’
http://www.youtube.com/watch?v=npY_rMrHR6k
Neil Lennon yesterday:
“”We are in a good position financially, but I suppose you could say there is no show without punch,” said the Celtic manager. “Recent Old Firm games have been a great advert for the game. Financially and commercially, I don’t know if it would give us a problem if there were no Celtic v Rangers games but, at the minute, we are on a solid financial footing.
“Rangers are a huge club and have held a key position in Scottish football for some time and having so much uncertainty around them is not good for the game. The sooner it is resolved the better.”
JJ
English Premier League debt
Arsenal £97.8m
Aston Villa 110m
Blackburn Rovers 21m
Bolton Wanderers 93m
Chelsea 734m
Everton 45m
Fulham 190m
Liverpool 123m
Manchester City 41m
Manchester United 439m
Newcastle United 150m
Norwich 16.8m
QPR 56.1m
Stoke City 8m
Sunderland 66m
Swansea 0m
Tottenham 78.6m
West Bromwich 2m
Wigan Athletic 73m
Wolves 0m
Puts rangers huge debt into perspective.
They do not even have the REAL Sky money to call on. Why would anybody buy them?
Finally
He finally got the message
Understood just what it said
Shouted from the rooftop
So the man has fled
He finally saw the problem
Taken quite a while
Silence was the answer
Had it been worthwhile?
He finally made a decision
But struggled to step back
Off to try other things
But he’ll miss the craic
Unexpected New Era Dawning at Ibrox