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.
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Exiled Tim.
Would that be a 50 cent bill for you then :)))
Or did you get change back? :))))
I was just wondering, does anyone know when the draw for our Champions league qualifiers take place?
HH
AoW
Of course they are finished, nothing could be surer, when the FTT rules the establishment won’t be able to justify their support of them, they are kebabed.
No players to speak of, no stadium, no training facility……that should be enough to be getting on with.
Ach, throw in no licence as well……….
We really have to thank CW for escalating things to the level they are at now.
estorilbhoy
No change, well worth the 50c :>)))
Nobody KNOWS for certain what will happen at RFC – when I say NOBODY I mean NOBODY…
Even the season media guys who are immersing themselves seem to acting on Hunches, guesses and feelings..
one thing I’m feeling increasingly is entirely encapsulated in P67’s leader when he states
‘the moral outrage over what looked likely to be voted through today is beginning to gain traction.’..
I feel the tide turning…
estorilbhoy on 8 May, 2012 at 00:16 said:
No. He paid off his debt to the butcher with the money he got from the lady. It’s just he had a way of paying it off before he received it from her.
ET – Agreed. Craigy White CSC is on the cards.
I actually got a chance to hear some of Synde tonight and one of them – sorry i don’t know who – was advocating getting players NEXT season in the £5k per week bracket to challenge for the league. I kid you not. When told of the 12 month ban he was of the opinion that it hasn’t been pushed through yet. Sigh.
On other matters, how is your bhoy? Hope he is well.
HH
On a plane from Dublin to Glasgow
Next to sits guy with official Celtic tie
After take off he open file with official letterhead and starts to make notes next to printed paragraphs He is holding cover of file half shut so despite best efforts i cant see
Hostess brings him coffee he goes into pocket for money file cover falls open and i glance at heading
“The Carlisle Option”
I still dont know what it meant but Im just saying like
Ps 100% true story !!
AoW
Pandering to the hoards, it’s orders from on high.
The whole thing is a concerted effort from the sfa, the polis, the government etc, they need to drip feed the bad news.
Then when the time is right, bang, everything is in place to handle it.
The young fella is good, he was here with his sister and my grandweans for a few weeks, gone back to Aberdeen, working with an agency, crap money but it’s money all the same.
Doesn’t go out with his colours any more, learned his lesson.
Keevins is just old…
Doesn’t believe in Internet , doesn’t drive… Actually amazing he can function as a journalist under those circumstances. He is an object of self ridicule…
Cults
Keevins is a liar, if you remember that you won’t go far wrong, he is on the internet every day, trust me on that.
ET- Could have been worse mate and money ain’t everything.
Found out a CQN’ers identity tonight in The Smiddy but would not reveal it in the round.
Interesting night tho’.
HH
montreal_bhoy on 8 May, 2012 at 00:26 said:
I was just wondering, does anyone know when the draw for our Champions league qualifiers take place?
HH
———————-
you confirm when your in the Port yet ?
you Bill Miller type, i bet you havnt got a PassPort for the young Port , hav u ?
tal
shimmies33 on 8 May, 2012 at 00:40 said:
oooooooohhhhh …very interesting …….Celtic set up shop in Carlisle..English league and work their way up…interesting.
v v good.
fair play to the Dons researcher.
that daft rugby stuff gets £90m from sky.
http://www.donssupporterstogether.com/dst-on-rangers-newco-sporting-integrity-and-the-financial-reality/
http://www.youtube.com/watch?v=QczyNaIu9Mo
It won’t be Carlisle.
St Stivs
I’ll be in the o’l Port June 26th.
HH
Stivs,
Passport is good unlike Bill murray. Naw sure he’d get in the Port.
HH
Keevins is definitely a liar. He claims to be a journalist.
Stivs
I’ll send you an email closer to the time, if yer in town when am in town, ma shout…. shit thats gonnae cost me…lol
Montreal & St Stivs – my mate fae the Port said that an age old joke is as follows –
“My girlfriend asked me to kiss her where it is wet and smelly!”
Response –
“I said no problem, so I took her up the Port.”
HH
lol….Steady….
HH
After a full day at sea world, thought I would be logging in to a lot worst news than what Paul has posted.
Happy days.
Celtic have played this right. They don’t need to do a thing. We have watched meetings being postponed and deadlines without number. They don’t know what Celtic are up to or doing. We leave it like that. They may be waiting for the BTC or whatever, but the different scenarios will have been played out at board level, and proper responses put in place. it’s War Games, gentlemen. I would trust the board because IMOP this has been looked at before, especially during the blatent cheating ing Mowbray’s season. Let it lie, and watch. Patience is a virtue.
How,in the name of everything green & white,did nasal drone Keevins come to write Tommy Burns’ biography?
Baffling.
Raymac on 8 May, 2012 at 01:33 said:
>>>
Too true….and waiting is an art.
Raymac
“Saying nothing sometimes says the most.”
Emily Dickinson CSC
Look…there are two types of Celtic Supporters in this world.
a) Those that can extrapolate from incomplete data
Mags,
And b) those that can comprehend extrapolated data?
TimsinOhio on 8 May, 2012 at 02:23 said:
Sorry. 3 types.
In 300 years from now the global Bishops of Timmery will meet in Constantinople and declare the miracles of Whytery. Of how Craigilee of Murderwell was visited by the three kings of Dorian Gray and given gifts of Gold Jockenstein and Murray in the year of our Turd 1971 only to live a life of anonymity and was crucified in 2012 the year of the Nostrahunnus.
Visionary
http://www.bbc.co.uk/sport/0/football/13341573
Maggie,
You can be very influencial you know – even Paul67 is making references to Doughnuts now…Eh!
Teuchter
Margaret McGill,
And c) those that are incomplete after extrapolating data?
TimsinOhio on 8 May, 2012 at 02:37 said:
Nah!…thats the same as b) !!!
I hope my data is complete by May 30th 2012
Teuchter ár lá on 8 May, 2012 at 02:33 said:
yes but is Paul67 referring to our illustrious benefactor?
Mags, well done my man. Knew you would catch that one.