So what do we know?
Need for clarification
Rangers’ potential new owner has asked for clarification on what he is buying, a franchise with a place in the SPL or the middle of a doughnut, with the ability to apply for membership to the Scottish Football League.
That clarification has not been delivered, which must undermine Rangers sale.
Rangers want an extension
Despite needing clarification, Rangers administrators, Duff and Phelps, failed to attend the meeting and asked for a further extension (it’s like the 2007-08 league season all over again). Curious, to say the least. Clearly they were not in a position to offer the SPL information that would assist their case.
To be revealed before 30 May
The next meeting is on 30 May, by then the First Tier Tribunal on Rangers Employee Benefit Trust will have reported. There will also be a considerable amount of information in the public domain on how Rangers operated under Sir David Murray. With all this information available, it will be impossible for the SPL to further delay publishing the findings of their inquiry into Improper Registration of Players by Rangers. In disciplinary terms, this is the big one.
What about Craig Whyte?
Bill Miller was appointed preferred bidder on Thursday but, as floating charge holder, Craig Whyte can ask the court to block stop Duff and Phelps disposing of Ibrox. We don’t know Craig Whyte’s mind, or if he has a deal with Miller, but if they are not working in partnership, you can expect a late and effective legal block put in place to stop the disposal of Ibrox.
So what does it mean?
The chance of a Newco being in place, in the SPL or SFL, for the start of next season has never been more remote. On 7 May they don’t have a buyer, after 10 weeks they don’t have the stadium and the moral outrage over what looked likely to be voted through today is beginning to gain traction.
Today was the best chance Rangers had to cut a quick deal with the SPL. Further delay only means more time for the other clubs to work on contingency plans and to be lobbied by their own supporters.
We are six days away from the end of the season and Duff and Phelps have to put enough of a confirmed deal in place to convince someone to part with £11.2m. They don’t have passage into the league and they don’t have a stadium to sell.
If Bill Miller stays in the game until the end of the week and submits a formal offer for the stadium and other assets, we can expect Craig Whyte to go to court to halt the process. I cannot see how or why Miller, who doesn’t even have a passport and has made no moved to come over and negotiate in person, would put £11.2m on the table when he doesn’t know what he is buying, or what sporting and financial penalties are coming his way.
Rangers will have to overcome all these obstacles long before 30 May if they are to stay in the game long enough for Newco to inherit their place in the SPL but their chances of surviving that long is dependent on a positive outcome from the meeting that has now been postponed.
They look marooned; I don’t think they are going to make it.
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.
872 Comments- Pages:
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sʇɹɐʍ ǝɥʇ ǝɹoubı ˙suoıdɯɐɥɔ ǝɥʇ ǝɹɐ ǝʍ ˙ɔɟ ɔıʇןǝɔ ןıǝu /o\ ouɐʞ ˙pʍ sɯɐǝquooɯ on 7 May, 2012 at 22:07 said:
I cannot accept cheating and dishonesty from those I hold in high regard. If Celtic do not provide me with evidence that the have acted honestly and morally on this issue I will feel betrayed by those in a position of power at my club.
Hopefully it will not come to that but anyone of you who keep spouting the “Punishing Celtic” emotional rhetoric. You really have no idea.
++++++++++++++++++++++++++++++++++++++++++
You give a strange example or fear regarding the integrity of the power brokers at Celtic. I have seen few examples of people posting saying they will renew no matter what. Most in fact have said what you said. The difference seems to be that you assume/fear Celtic will not be vigorous in defence of integrity & honesty while others assume/hope Celtic will be vigorous in defence of integrity & honesty.
I don’t know if your ‘Punishing Celtic’ jibe was directed specifically at one of my posts or just generally but your comment about others having ‘really no idea’ is almost offensive although I suspect it was not intended as such.
Being cynical about thems bidding for Goodwillie is fair game, but the one I cannot get my head around is the January bid for Norwich’s captain Grant Holt. Second highest English goalscorer, club captain and playing in the EPL for the first time should chuck it all and go to a club who wouldn’t pay for him. A month before going into administration they were still at it.
Son of Dan
Cuz in Australia knows about it now. He will spread the word.
.
˙sʇɹɐʍ ǝɥʇ ǝɹoubı ˙suoıdɯɐɥɔ ǝɥʇ ǝɹɐ ǝʍ ˙ɔɟ ɔıʇןǝɔ ןıǝu /o\ ouɐʞ ˙pʍ sɯɐǝquooɯ on 7 May, 2012 at 22:07:
“All the punishing Celtic rhetoric is absolute nonsense.”
It’s surely only a matter of time before some of our more hysterical posters suggest the Celtic board pay the tax bill for the Huns.
bournesouprecipe,
cheers bud.
If those tweets by Richard Wilson are correct and Celtic are indeed going to form a breakaway league all I can say is good
.
Lets Hope Celtic’s Team Administrators Announce Samaras as the Preferred Striker on Sunday..
Summa
PS..Drop Sammi drop Points..
P G
Spill the beans or Ill tell your uncle Eugene. lol
SUMMA OF SAMMI
I PROBbly will be at the hearts game but i will be travelling back down on the blackpool shamrock bus after the game
celticrollercoaster
Are Rangers season tickets not on sale yet because Ticketus own them? That one could run and run.
The more of those Celtic resign tweets I read the less credible it sounds.
Has anyone else still to receive season ticket renewal form ?
Keep seeing stuff on here about deadlines but nothing had come through my letterbox
Whats with the upside posts?
I dont see what is wrong in asking for more clarification from the authoritues when obvious rules are broken and exceptional activities arise. Putting on the record. But no it is clandestine politburo stuff. It helps communicate our position without saying much but we are not even afforded that respect. Leading to the inevitable perception of unnecessary subordinatiion. Confidence is gone forever. They will be wishing for the good old days of the referee strike.
Celtic keeping quiet until the ftt good. Ftt going into Millers CVA pot bad. Voting in an election that is a tax fraud and a big un .CELTIC ARE YOU KIDDING ?
HH
If Celtic resign from the SPL, where exactly do we go? SFL? (Is Airdrie Jim going to let us in?).
England?
I heard from a Celtic director about a year ago that Celtic saw the Huns crisis as a means of pushing for entry to England. But he was not particularly convinced it would happen.
Without cast-iron UEFA backing, we’d be screwed…
Jim ballantyne in directors box in belfast today huns v linfield wearing a rangers fighting fund badge he is president of sfl and serves on board of sfa get this spread.
HH
Snake Plissken on 7 May, 2012 at 22:21 said:
It shows the leadership we have been looking for, I hope the board are behind this and will follow this through.
MattE
Please….relay to Beth……sometimes known as Betih……trololol is what it is for those who are what they are…………Mr Spock CSC
jude2005 is Neil Lennon \o/ on 7 May, 2012 at 22:14 said:
Yes.
Baseball booted Yogi.
He`s here,he`s there ,he`s every ——- where
Feed the bear……….
Never forgotten.Smart guy too.
Celtic_First on 7 May, 2012 at 22:01 said
Yeah it was a 1 off, previous poster asked me earlier on to keep posting the tweets becasuse he was at work and couldn’t get access to twitter at work.
Stringer Bell on 7 May, 2012 at 22:03 said:
:0)))
Clashcitybhoy on 7 May, 2012 at 22:23 said:
Received my renewals, but not made my decision as yet to renew.
HH
CRC
I reckon we should offer to pay the huns tax bill
Richard Wilson = Victor Meldrew???
sparkleghirl on 7 May, 2012 at 22:23 said:
So if you dont see any for a few days, will it become more credible?
HH
CRC
Just in, hope all goes well for My Dear Friend Kojo,seem’s as though the Twelve Apostles ( how many Judas’s among that lot ) cannae make a decision.Sorry wrong call,there will be at least three meetings ( Masonic ) between now and the 30th MAY, where the Brotherhood will decide the future of Scottish Football.
BTW, PL should keep it ALL QUITE IN THE EAST, at this present time,as they seem to have enough ROPE.
Awerabest PJ
31003
If I knew mean what that did would I ok say will
THE EXILED TIM on 7 May, 2012 at 22:27 said:
Which one?
HH
CRC
Snakes….,
if thats true I’ll be buying my season ticket back regardless of competition next year
It’s not the number of them, it’s the content of some of them. Just doesn’t sound plausible to me.
Forgive my ignorance
Who is the Richard Wilson who is tweeting this story?
Is it the journo and author or someone else?
CRC
All of them…
CRC
Hope you are well.
I will renew, but , at the convenience of my bank balance rather than Celtic’s.
I may also look to re-locate, as junior will be full price for next year which costs an extra £250 ish
just released – statement from Duff & Phelps –
“As administrators of this great institution, we are pleased to be associated with the match this evening in Belfast. The assistance provided by the premier team in Northern Ireland to their celtic cousins, erm, sorry a crisp caught in my throat, compadres, is overwhelming and astonishing especially given the weather conditions. Just the very knowledge that fans of other teams such as Linfield and Kilmarnock support this club encourages and strengthens the belief that this club will survive. As requested by Mr Dongwell of the RST, I can confirm that no portion of the funds raised will be distributed to creditor football teams in Scotland or any other that wears green (R Vienna). Finally, I am happy to publically confirm that the cheque from this evening’s game should be made payable to “Du££ and Phelps” ” D Whitehouse
Clashcitybhoy on 7 May, 2012 at 22:31 said:
Very well, my friend, I think I want to see how this plays out. If we just fold and allow Zombie Rangers to take a newco entry without sufficient punishment then I would struggle to accept this.
Still long way to go on this and many cards to be played, me thinks!
HH
CRC
ton-che-dan on 7 May, 2012 at 22:22 said:
Welcome back mate, glad to hear all the family are well. God Bless you all.
Summa of Sammi:
You reply to Vhman’s texts yet?
Keep the Faith!
Hail Hail!
If i had assets instead of being bereft of any and was a betting man,which i’m not,i wouldn’t risk any of them on a punt on our club submitting a resignation letter to he SPL next week.I’d really like it to happen but…….
celticrollercoaster says In Neil we trust on 7 May, 2012 at 22:35:
At least you’ve been given the choice, receiving your renewal. Mine not arrived yet…:(
lennybhoynomatescfc
Keep the Faith!
Hail Hail!