Yesterday was not a particularly good day for football. The Edinburgh cup final was played before a half empty Hampden long before the end and Chelsea’s revival of catenaccio secured the Champions League. If nothing else the latter proved that football at the very top level is not always great. Perhaps the reason why truly great teams are so celebrated.
There is an interesting dynamic to Rangers in administration. Creditors have a cash offer of around £8.5m to consider but eight players, Naismith, Bocanegra, McGregor, David, Whittaker, Goian, Lafferty and Edu cut release clause deals with Duff and Phelps for values greater than this.
Any CVA agreed next month (unlikely though it is) could be paid for by the departure of these players. Charles Green could potentially be the second person to buy Rangers for only £1.
It is, however, unlikely that other clubs will offer money for these players before a CVA is agreed as they will be available as free agents should the CVA fail and those in control of Ibrox attempt to form a Newco. Therefore, the chances of creditors getting their hands on any of these transfer fees are limited, no matter what happens to the company.
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.