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.
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Brogan Hogan and Trevino supporting Kano. i couldnt give 2 hoots about rangers ,in fact its none of my business ,they are not my club. Celtic i support as they say through thick and thin, well some on here anyway.me im renewing my season ticket , which i have done for the last 15 yrs
We don’t know the names of the members of the UK consortium yet, but their WAGs will be splashed all over the Sun’s front page ramorra
;o)
Internet Bampots CSC
http://www.dailymail.co.uk/sport/football/article-2112903/Rangers-players-took-pay-cuts-save-jobs-others.html
http://www.scotsman.com/sport/football/spl/rangers-administration-rangers-players-agree-to-wage-cuts-1-2164013
http://www.bbc.co.uk/sport/0/football/17308715
http://www.itv.com/news/2012-03-10/rangers-cut-player-wages-to-secure-future/
http://www.heraldscotland.com/mobile/sport/football/rangers-players-agree-pay-cuts-that-will-help-save-the-club-and-protect-non-playing-staff.16982059
Only John Mc greechan, Greame Mac pherson and John Mc Garry prepared to put their names to their articles.
Hail Hail
The current Administration at RFCiA is due to the state the club was in on Feb 14th 2012, is it not? So the result of the FTT (Tax) which at that date was, and still remains, unknown is not part of the current administration process? So what happens if a CVA is agreed to bring to an end the current administration, and the next day/week/month the FTT (Tax) find against RFCiA to the tune of tens of millions of pounds? Presumably the game’s up at that point? Liquidation? Or am I missing something here? Why would anyone cobble together a deal to save them right now when they may well go bust very soon anyway?
*Breaking News*
Steve Kean is surprising choice to head up the the UK based consortium who have dramatically entered the race to buy RFC (In administration).
What’s this latest buzzword “a Standalone CVA”
This would seem to imply there are more than one type of CVA ?
Anyone ???
I think a standalone CVA is one that doesn´t run away from you like hybrid liquidation does
Hail HAil
Bankiebhoy @14.01 – you have the amazing Shania listed as part of this ‘consortium’?
That don’t impress me much.
I shall be filin’ away your name next to that of ole Johnny Clash.
Administartors Duff + Phelps say it is still possible that Rangers will win the Champions League in 2013
‘Stand alone, stand alone, with no cash in your bank
And you’ll never stand alone
You’ll nev-er-er-er-e-r stand alone’
Livibhoy what pubs did you say bill mazs drinks in when he is going to parkhead. livibhoy did you work in livingston and were cheers,
AWE NAW 0935 on previous
Thanks for that little nugget-it fair made my day!
After my wee snippet about the eejit in question yesterday,which was obviously the deciding factor in bringing about his downfall,I’m debating whether I should impart the tale of Sally failing to chat up ma burd.
But I think the poor sod has suffered enough,it would be decidedly un-Christian to wish him more distress.
Yer pal,BMCUWP-still smirking,haha!
Interesting that Gers paid the Pars in full. Had The Pars informed them that if they were relegated, they would be the creditor to start legal action, thus creating Armageddon.
http://thecelticblog.com/2012/05/blogs/spl-in-crisis-why-the-sfa-wont-save-us?
A standalone CVA. As distinct from what – one that requires support to stand up?
We’ve already had the incubator, hybrid liquidation and a CVA being just like liquidation.
Someone will need to write a whole new business text book explaining this lot sometime soon – either that or someone is making it up as they go along.
Gordon_J – I Can’t Believe It’s Not Liquidation. (thumbsup)
Asda Megastore to be built on levelled Ipox site.
“Glasgow’s Green & White!”
Dark Mingwall enters overeaters rehab and recants,spills the beans & goes on the run.
If only.
timbhoy2
I saw him after the 0-0 draw with Hibs in the Oak Bar.
I have seen him in the London Road Tavern before. I think he goes to the games on the Bathgate CSC but I could be wrong.
LB
An ‘I can’t stand up for fallin’ down’ CVA.
Shania Twain, nee Eileen Regina Edwards, was raised in Timmins, Ontario.
You can take the ghirl out of Timmins…
We are spending way too much time with the concerns of a totally discredited & fatally woulded non-entity, in a week when we complete a famous & completely untainted league title win & sweep the boards at the Scottish football awards.
‘ Let the dead bury their dead.’
Big ‘well done’ to Charlie, James, Neil Francis & EVERY Celtic player who played a part in this great season.
O, Charlie is my darling’
My darling, my darling.
Charlie is my darling,
THE PLAYER O’ THE YEAR.
How about an “I can’t believe it’s not a CVA”?
how can whytes sell shares when he is currently being sued for a portion of them?
his takeover is also under investigation by strathcyde’s finest
D&P think that he’s irrelevant to their job WTF?
Gordon_J backing Neil Lennon.
I wholeheartedly concur, when this book is written “Hunguffery” should not be omitted.
Hail hail
“theres not a team like Duff and Phelps,no not one and there never shall be one”
Lest we forget and panic ourselves too much to be good for the blood pressure..
Rangers Tax-Case @rangerstaxcase
If Whyte has formed/agreed a deal with a group, a CVA would still need both Ticketus and HMRC’s backing.
No Hector no Stand Up Straight CVA in the ole Incubator of Hybrid Hunnery…
Standalone CVA… a cripple without crutches…hybrid-liquidation…multicoloured incubators…
Its all Scaffolding over an Abyss.
Downpours forecast for Sunday ffs. Maybe a bit of thunder?
Can Whyte sell his shares? I thought that the stock market ban on trading of hun shares was still in effect?
‘crushed nuts?’ ‘Naw, Layringitis!’ on 9 May, 2012 at 14:32 said:
Hit the nail on the head there, Bhoyo …….. LLLOOOOLLLL..!!!!!!!
Crushed nuts, indeed….!!!
Gordon_J …….. Even more crushed nuts……LOL…… This is now beyond laughable, moving into weird mode….!!!!
Just thinking out loud, given the current crticisms of D&P does anyone think there may be some mileage in setting up a new website type business service –
ComparetheAdministrators.com ?
Maybe some cuddly animals promoting this ?
Any Ideas ?
HH
I Can’t Believe It’s An Administrator (thumbsup)
Gordon-J
yep they can be sold OTC
Hail Hail
Rumour is Nicholas van Hoogstraten is one of the bidders.
TheGreenManalishi(WithTheTwoProngedCrown) on 9 May, 2012 at 14:38 said:
Just thinking out loud, given the current crticisms of D&P does anyone think there may be some mileage in setting up a new website type business service –
ComparetheAdministrators.com ?
Maybe some cuddly animals promoting this ?
Any Ideas ?
————————-
Im liking this….stay with me…picture it… meerkat with big black moustache singing “go simples!”…..
Nicholas van Hoogstraten (born Nicholas Marcel Hoogstraten[1] on 25 February 1945) is a British businessman and real estate magnet.
:)
HH
johann murdoch
Liking it, and what about a little brainy one (geeky type) with a laptop working out the pennies in the pound for the CVA (standalone of course)
HH