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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Funny how Salmond described City wrecking, Tax dodging rangers as a vital part of the fabric of our society and yet anything to do with Celtic gets escorted out of Asda and banned from visiting schools.
Hate this horrible wee country with a passion.
“I’m not trying to be a smart ass here. This was a clear sequence of events. I could see it, every Rangers supporter could see it was likely to unfold.”
Brian Kennedy.
Sorry Brian. No rangers fans would have seen it coming. They thought it would be solved for them. It’s how it’s always been. Have you not heard? They are the people.
Or as it soon will be
They were the people.
Good luck if you decide to get into bed with these people. They will devour you and spit you out.
Have the players had their P60’s yet?
Celtic_First
We deserve better ? ;-))
you better be careful you´ll get hung drawn and quartered for such talk
Hail hail
ASonOfDan
Yes the new Labour and SNP coalition in Glasgow has well and truly started eh? por cierto
ASonofDan
I think you’ll find both sides are officially as bad as each other.
One, as you say, wrecks cities and owes the public purse multiple millions. The other brings brilliant wee people from Thailand to Glasgow to cheer everyone up.
Down with this sort of thing.
Dontbrattbakkinanger on 9 May, 2012 at 13:24 said:
Didnt sir harold score against us a few years back in the champions league for rosenborg?
Brian Kennedy might finally be getting it….he’s spot on here apart from his choice of letters, which I’ve changed for him….stupidly he had them starting with “A”.
“When someone predicts a sequence of events ‘H, I, J, K and L’, and when ‘H, I , J, K’ happens then you’ve got to think there is a good chance ‘L’ will happen too.
Awe Naw
So why are the SPL & SFA bending over backwards …
Simple! They are so much up each others’ a**es, they cant’t bend forward.
H H
Any link to the sun story please? Can’t find it from reading back, loath to lick,
Click
Tamlaghtduff- yes, the greatest living Norwegian got both Rosenborg goals that night. I usually don’t like to see anyone score against the Celts but I made an exception that night.
Steve Kean sacked
The people of Iraq and Afghanistan are said to be in awe of rangers fans today at how quickly they managed to get rid of the yanks
“Steve Keane sacked”
“RFCIA are Skint”
por cierto
Good luck to Stevie Kean in his next venture.
Stringer Bell on 9 May, 2012 at 13:29 said:
This thread page 3 – 11.34
Paul67 Careful now – someone might read this and realise this is the only solution. Cathkin Park, a great idea, but I fear for the residents of Queens Park!
Has Alex T been duped by Craigy Craigy Whyte?
Scottish Premier League chief executive Neil Doncaster has said that the league has to be “reactive” to events at Rangers but have no control over the developing situation.
The crisis-hit Ibrox club had asked for an adjournment on a vote on new financial fair play rules while administrators tried to complete a sale to American businessman Bill Miller.
Miller’s decision to drop his interest in Rangers puts the club into a state of uncertainty and Doncaster admitted the SPL were in the dark.
“From the point of view of the other 11 clubs and the SPL itself, clearly clarity would be preferred,” he said.
“This development means a lack of clarity. But we are in a position where we can’t be proactive.
“We have to be reactive to whatever is agreed between Duff and Phelps as administrators at Rangers and, indeed, any bidder who comes forward. We have to wait and see what develops.”
Though insisting that no vote on sanctions or new rules would take place before May 30, Doncaster did acknowledge that clubs may meet before then to discuss developments.
“The clubs will meet again on 30 May,” he said. “They may meet before then, but they will certainly meet on the 30th.
“That will involve Ross County as the new member club and financial fair play will be discussed on that day.
“There may be other things to discuss but, again, we are not in control of that process.
“We can only control what we can control. Control is very much in the hands of the bidders and Duff & Phelps. At the point where a deal is agreed, they will come forward and we can then respond to whatever deal emerges.”
The question marks over Rangers’ future have a significant effect on the preparations that have to be made for next season. With the SPL having its own concerns, Doncaster pointed out that uncertainty also had a major impact on clubs.
“The whole of Scottish football would benefit from earlier clarity,” he said. “Life goes on at the league.
“We have a fixture list to plan for next season and commercial contracts to put in place. It’s exactly the same for the clubs.
“They have season tickets to sell, commercial deals to sign, players to sign up for next season. So as much clarity as can be achieved is clearly desirable.
“But we are not in that position. We have to wait and see what deal can be agreed between Duff and Phelps and a bidder.”
Steven Keane isn’t sacked – it’s the Blackburn the deputy chief exec who wrote the leaked letter last year advising his boss to sack him who’s been sacked.
If you see what I mean.
Stringer Bell on 9 May, 2012 at 13:29:
The Sun article:
Whyte’s Knights
Got to go, lunch over…
Keep the Faith!
Hail Hail!
http://www.scotsman.com/scotland-on-sunday/webchats
Debate in full flow.
Ken Bates and Mandaric rumoured to be part of English consortium. Di Stefano rumoured to be part of foreign consortium.
That can’t be good. Haha
LB
FF thread says that UK consortium has struck a deal to buy CW’s shares…. Dunno if its true.
Ken Bates. Mandaric and Di Stefano?
Is Nic Leeson in there as well.
UK consortium consists of bloke off Wet Wet Wet, the chav jailbird who won the Lottery, thon lawyer with the dodgy sideburns [Donald?] and Mark Thatcher.
Keane had near impossible task given his budget…. Substantially less than Blackpool in the league below..
He shot the bolt early doors- was too open with media.
Ooops sorry bhoys it was the C.E at Blackburn who was sacked.
Hope Steve survives as he is one of the good guys
Hail HAil
Also rumoured to have been drafted in to the consortium- Nick Griffin, Johnny ‘mad Dog ‘Adair and the late Adolf Hitler.
I know its no longer actually possible,
(sadly)…….
But, I keep getting a very strong mental image of a chubby and grubby
smiling-faced Fred Dibnah……………
…………….methodically working his way around The Govan Folly, ramming old railway sleepers into the many cracks in the brick-faced
‘magnificent facade’………………fag-in-mouth, trademark greasy cap at a jaunty angle……………………………. as he gets his missus to light the kindling and the flames roar into the crumbling foundations……………loud creaking and cracking as the monument to envy crashes down……….
“Ay, didya like tha’!”
Classic.
Awe Naw
Aye, you’re right. It’s the CEO who’s been axed – as an email he sent in December calling for SK to be sacked has come to the fore.
HH
Giggs
It all starts fitting together.
Wages are deferred. If they don’t get a buyer by Saturday then after the match players are free agents unless they can pay their wages. They would therfore lose around £30m (estimation) in assets in one day.
That would explain the desperation to get a new owner.
DOOMED!!!!
LB
….the members of the consortium were revealed to me in a dream last night………..
Alec Maddoff, Baby “Doc” Duvalier, and Shania Twain.
(scooped ye again Lamont!)
FACT.
bankiebhoy1 on 9 May, 2012 at 13:55:
I know its no longer actually possible,
(sadly)…….
But, I keep getting a very strong mental image of a chubby and grubby
smiling-faced Fred Dibnah……………
…………….methodically working his way around The Govan Folly, ramming old railway sleepers into the many cracks in the brick-faced
‘magnificent facade’………………fag-in-mouth, trademark greasy cap at a jaunty angle……………………………. as he gets his missus to light the kindling and the flames roar into the crumbling foundations……………loud creaking and cracking as the monument to envy crashes down……….
“Ay, didya like tha’!”
—————————————————
Smeato would have stopped him.
Phil MacGiollaBhain @Pmacgiollabhain
“The barriers to a proposed stand-alone CVA are now too high” D&P May 3rd. So a CVA is now a goer? LOL
Surely the Consortium cannot move forward until they tell sally their names.
ADMINISTRATORS Duff and Phelps say it is still possible to get a takeover deal done for Rangers before the end of the season.
Supporters were stunned yesterday when American tow truck tycoon Bill Miller withdrew his bid having been given preferred bidder status last Thursday.
He cited financial concerns and opposition from some supporters as the main reasons for his decision.
Many fans are now panicking that time will run out to save the future of the club but three bidders are now at the table – two of them new – and the administrators believe they can work a deal with one of them.
David Whitehouse told the BBC: “It’s certainly possible to get a deal done. I think whether we can say that is likely, we will be in a better position to say that tomorrow lunchtime.
“The structures of deals that are being discussed vary but all are working to a timetable that they have to be completed by the end of the season.”
It’s understood two of the three bidders have already held discussions with Ally McCoist. One is local and two are from overseas.
It is also being reported that one of the bids is a stand-alone CVA.
David Whitehouse has also indicated to the BBC that the UK consortium have concluded a deal whereby Craig Whyte will hand over his shares.
Paul67 et al
We have been part of the Old Firm since 1905 or thereabouts, named as part of a joint charity event. We have been more formally part of the Old Firm for the last twenty years or so, or in other word throughout the David Murray period. Not sure offhand who was the first joint shirt sponsor, might have been C.R. Smith, a deal borne out of what has come to be known as the broken window economic theory. Tennents is the latest of these joint ventures, the only deal on offer according to the Celtic PLC. There was no alternative, according to the Board. Well, there is an alternative now, if we choose it. Now I would agree that it is not Celtic’s role to deal with the trouble facing Rangers. “Render unto Caesar that which is Caesar’s” is our position. I cannot remember what happened to the guy who actually spoke those words, but I have got a funny feeling it did not work out too well for him.