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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BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS on 10 May, 2012 at 07:57 said:
I was in the enclosure that day too.. We had that plus Broomloan and a portion of Govan stand on those days.
A superb walk on at half time and the result was never in doubt
a 4-2 game at Ipox to win the league….
But Dundee United did the biz that day too and snaffled the league
The Huns were rank in those days and couldn’t fill their midden
HH
M
SIXTEEN ROADS TO GOLGOTHA
It is;I haven’t seen him on for a while.
I used to enjoy a good wee chinwag with him of a night-time-until my company found a mysterious clause in my contract that said I have to actually do a bit now and again!
I trust he has better things to do,haha,but thanks for the reply,bud.
Or chief,as UC would probably have put it………..
So the Beast has crawled out from his lair an emerged as their saviour!
Sure hope he’s putting in his own money, would be brilliant if he was bankrupted due to his involvement in this circus.
Now that would be justice!
HH
/Bishop B
HenryClarson @GerryCoogan
http://henryclarson.wordpress.com/2012/05/10/jumping-the-shark-with-whitehouse-and-clark/
I really like this guys view on things…
Hail Hail from a sunny valley..
Interesting tweets
Pie and Bovril @pieandbov
CVA would thus greatly increase chances of Rangers still being in admin at start of next season = another 10 point deduction
Pie and Bovril @pieandbov
D&P admit they only hane funding to cover to end of season – and they need new bidder to bridge that gap till conclusion of their deal.
jake the snake @celticservant
D&P seeking co-operation of SFA so if players do not transfer contracts to Newco they’d not be able to register in Scotland or England. Wow.
Pie and Bovril @pieandbov
Absolutely no mention of the big tax case or the alledged dual player contracts scandal in the DR Q&A with D&P. #ForgetTheElephants
No wonder Jabba ended up the size he is with all those lashing of humble pie ole Lubo served up with the mountains of back dated just desserts wee Fergus had waiting for him,reminds me of one of the victims in the film Seven who was force fed at a table for days in his underpants.
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS on 10 May, 2012 at 08:24 said:
Not a bother comrade.
KTF
SALTIRES EN SEVILLA
I remember the rumours at halftime that Dundee were beating United 2-0.
It was pretty weird having the equivalent of a home game at Ibrox;they were,indeed,an irrelevance back then-and hopefully again!
Then,only a few years later,you couldnae walk down a Scottish street without tripping over a paving slab that a “life-long true-blue season-ticket-holder” had crawled out from.
Full circle-now they’re crawling back.
(Ironically,like Penny Arcade,I think that’s a ROY ORBISON song. Maybe their new anthem?)
Morning all from a wet and dull Bath St, I notice the red tops have run with the predicted saviour headlines this morning. Albeit they contradict one another. Paul67 do we think anything will be decided prior to Sunday’s matches?
WALTER BACK TO SAVE ZOMBIES
by Keech and Jabba
A furious Ally McCoist has demanded that the latest figurehead of the save zombies campaign reveals his surname.
”For years he has gotten away with it” said an angry mccoist ” the fans, the public have a right to know what this mans surname actually is. We need transparency. We need to know who we are dealing with here.”
Yep,and here it is.
The huns new anthem
http://www.youtube.com/watch?v=DIdqVAG2J7o
I was wondering how long it would take until we got to the ‘The Penis, The Peas and a Beanstalk’ episode.
Jungle Jim on 10 May, 2012 at 07:57 said:
Cheers,Mate
Good morning from an overcast, but pleasant D-land. According to Bluff and Bluffer there are now 4 bidders, you couldnae make it up. Oh wait a minute.
starry plough on 10 May, 2012 at 08:27 said:
HenryClarson @GerryCoogan
http://henryclarson.wordpress.com/2012/05/10/jumping-the-shark-with-whitehouse-and-clark/
I really like this guys view on things…
~~~~~~~~~ ~~~~~~~~~~~ ~~~~~~~~~~~~
I really like saying his nom-de-plume quickly.
In a Swedish accent preferably….
So the big hitting, mega rich huns are all coming out of the woodwork now, well that’s a relief, what took you so long boys??
Please read before buying…
Gregory Ioannidis @LawTop20
Current RFC status cannot sustain a CVA & the running of the business without the ability to acquire new assets [players]. Not viable.
For anyone who hasn`t read Delaismiths bit at 03.41, the last sentence in it is
`If anything the signing of Lubomir Moravcik at a cut price has merely caused them further embarrassment. …`
(From the makers of succulunt lamb)
BOBBY MURDOCH’S CURLED-UP WINKLEPICKERS on 10 May, 2012 at 08:39 said
Gorrit.
Belatedly.
:-)
“Meanwhile, fans will be kept in limbo over tickets as attempts continue to thrash out a deal.
Duff & Phelps confirmed they would not be giving supporters the chance to renew season tickets until a clearer financial picture emerges.”
This subject arose during a discussion earlier this evening.
Morning all
Dublins fair city has not seen Sun in what feels like a month. Seriously this weather is doing my head in.
On a brighter note ( no Hun, sorry pun ) intended, Roccobhoy is Glasgow bound for the 19th TIMe this season on Sunday, the Huns are going bust and the league trophy will be handed over to Broony in a Sun drenched (hopefully) Paradise.
The big question is, Will Roccobhoy make his flight home on Sunday night? 3 of my last 4 visits to Glasgow on the clyde have resulted in Roccobhoy getting too steaming and missing my flight home!
It has cost me a fortune!!
F*ck it though, Glasgow Celtic champiooons!
Hail Hail
Roccobhoy
Jabba’s article from yore is spot on regards any number of points:
– a strict wage structure is not the way to go; boom, tax dodge and finally bust clearly is.
– the signing of Lubo was laughable.
– Celtic suffered for a number of years for the lack of a top striker from that period. If only we had a Larsson or someone.
– McCann’s ego would ruin Celtic – he should have taken a leaf from Minty’s Book of Dignity.
Clearly much of my post has been brought to you in conjunction with the words ‘bovine’ and ‘excrement’.
Souness the Sun SDM Newcastle United £8m Boumsong transfer A suddenly swollen current account Pro-Active Sports (Beacon of Iffiness) Souness.
Comment critically.
Rocco
see u Sunday buddy
Blantyretim
Look forward to seeing you on Sunday my good friend. Your job and Moonbeams Wet Dream job is to ensure I make the 8pm Glasgow Central to Prestwick train mate. Failing that, throw me in a taxi in whatever pub we are socialising in. Why cant I be a mature, civilised and responsible Human being? Is it because I associate with you Blantyretim? :) DOes your characteristics rub off on me? :)
Hail Hail
Roccobhoy
Rangers 2 Celtic 4 you say
May 1983 you say,
well there you go, 2nd half here, I was at the game with about 15 family members, we had the full back row of seats in the Broomloan. Celtic fans had half the Enclosure, a 1/3rd of main stand and a bit of the Govan. I estimate thats 16,000 tims there.
just for clarification, the pictures are not faded with time, the huns really do look like that.
http://www.youtube.com/watch?v=M-cHCuOHqGs
Starry Plough
The guy is bang on.
There are a limited number of ways Rangers can be saved and the most obvious one is someone pays ALL their bills but the likelihood of this is zero given the talk of newcos, incubators and hybrids.
Since that isn’t going to happen the practicalities of getting a CVA as they all want or a Hybrid/Bill Miller style takeover are at best time consuming while the club has no revenue (including a lack of new incoming season ticket money given the uncertainty – even that mob aren’t daft enough to spend money on something that might never happen or might happen but in what form?).
Time is the enemy now of any potential deal in the first instance (leaving aside Ticketus and HMRC). Craig Whyte is reportedly willing to sell his shares and the Sun today tells us he’ll deal for the same quid he bought them for – which doesn’t tally with the “I want 30Million” statement he is also quoted as having said.
So lets assume he does deal (possibly with a bit more than a quid for his troubles):
1. Who is the NEW preferred bidder?
2. What will they say once they see the books?
3. Will they buy the club/shares once they’ve seen the books?
4. Do they have the cash to pay the players come June 1st when the contracts revert?
5. Who has the power to sell the players to raise cash if needs be?
6. Are they 100% sure they can get a CVA?
7. Do they have the interim money to use on the club in between the time of purchase AND the agreement of the CVA?
8. Will Rangers be out of Administration come August 4th (start of the new season?)
Too many questions and not enough answers – Assuming they don’t come in and liquidate from the get go.
Duff and Phelps need someone to come in with money to drag this out until July as Rangers have none and no further revenue but who will throw away money like that?
No. Sorry. It is impractical and unlikely that this renewed sense of safety will end well.
Bill Ng apparently got 20 missed calls from Duff and Phelps as he slept. Now why would that be?
Desperation.
This story will run for a fair bit yet unless someone is willing to come in and shed 134million without return, a sum of money definitely owed without the FTT ANd the 30million Bill Miller’s gang said would be required to turn them around for starters.
Jumping the shark?
You’d better believe it.
blantyretim on 10 May, 2012 at 08:19 said:
I will not phone scabs
every little helps 0))
—————————————————-
BT,what’s that number I’ve not to call?
alex thomson @alextomo
Ticketus: ” we are not part of any bid for Rangers”
The Daily Express has a full back page on Souness’s involvement with a bid, and he denies any involvement with any bid ……. Silly season, indeed ….whit are they like…….LOL
All these warm and fuzzy feeling statements from Duffers Inc about CVA this or that. Hey guys, how can you agree or even discuss a CVA when you don’t know how much the debt is? Until the WTT and BTT are resolved, not forgetting the dodgy player registrations, having to hand back all the trophies and prize money, not forgetting the fines and other punishments for having ‘duped’ everyone in Scotland for 20+ years, not forgetting the fines and punishments from UEFA for same ‘duping’ offences, how on earth can you even begin to estimate just how much sh*t is piled up over your heads when you are under an avalanche of the stuff?
I doubt very much that any potential bidder could have done much research if they are still considering buying this rotting corpse. A cursory glance at the widely available information on the Net would make any sensible person do a ‘Miller’.
Even if I had 500million in loose change sitting in the back shed and wouldn’t bat an eyelid at losing it, I wouldn’t want the stress and grief of having to sort out this horrendous mess.
Just call in the JCB, dig a massive hole and push the whole lot in. Quickly cover it up again and walk away.
Snake
It seems that Ticketus are applying what is commonly known in the trade as a testicular clamp, I think the only way Whitey Bhoy will play ball ( exscuse the pun) is if he has no other choice.
alex thomson @alextomo
Ticketus: ” we are not part of any bid for Rangers”
VP
save the orcs
dial onoonoono
Because craigy Bhoy is willing to sell his shares this does not mean that he is also giving up his right to the heritable security he has over Ipox. There has been no mention of him giving up his right to the major asset and quite frankly given his impending court case with Ticketus he would be daft to do so.
Gretnabhoy on 10 May, 2012 at 09:12 said:
Very good point ….. He will need every penny he can get
Good morning all, are the huns deid yet?
32nd Anniversary of my first Glasgow Derby today, the last one where it was legal to consume alcoholic beverages on the terraces.
1-0 to the good ghuys.
Great game, covered in dust, bruised from falling from the bannister,swollen eye from the cork of a pomagne bottle. Ah the memories…..
Palacio aged 12 3/4.
HH
The zit-rangers’ are playing monkey do.
Staphylococcus aureus is a bacterial species named from Greek σταφυλόκοκκος meaning the ‘golden grape-cluster berry’. It causes zits.
They are not zits, bumps, hags, pizza-toppings, toe-jams cousins, little red pimples, big red pimples, volcanoes, hot-fudge-sundaes, oozies, uzis, greasies, blob-goblins, squeezie bumpkins, thatchers rug rats, hoosie houses, night screamers, phantom crags, soul warts, earth worms, slimey slickers, mirror breakers, gut-clutchers, single bullet grease guns, slime slums, grub traps, manhole covers, crabby hutch, sloppy joes, poopy poppers, facial piles, woozie-doozies, shirt sleeve sneers, snazzles, flap-jacks, pus pouches, crud muffins, brain buckets.
Neither are they an Abscess, nor a quality boil, not even a pure humungous carbuncle either; nope they are just the Scottish harlot hacks… the Mount Vesuvius of society’s vulgaris plukes; society would be relieved if somebody would just do the lance.
Palacio67
We are the same age!
http://www.telegraph.co.uk/sport/football/competitions/premier-league/9255617/Revealed-the-financial-health-of-the-Premier-League-laid-bare.html