Rangers and Newco both look marooned without clarification

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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.

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872 Comments

  1. Maggie,

     

    Paul67 refers to the centre of a Donut, which amounts to exactly the same thing as our illustrious leader has boomed out against the cheating establishment.

     

    I love Paul’s cripticity – It keeps me aff the drink.

     

    Teuchter

  2. Margaret McGill on

    I would not pay the slightest bit of attention to any Scottish journalist’s

     

    opinion on Celtics future be it in one week one month or one year from now.

     

    It has been amply illustrated missive after missive on this blog,

     

    other blogs and the Timternet in general that they are all scum.

     

    Don’t pay them the slightest bit of attention or penny’s worth to any of it, especially if you have ta good cognitive ability at spotting pish.

     

    The only question left to answer, and not many Tims herein are willing to admit it, is what about the bored and the donut? However, lets watch the death of this scum like a fish out of water and move on. Any bored efforts to resuscitate the gills of mucus mastitised hatred should be plowed asunder.

     

    The time of all true Celts will come real soon. The donuts included.

     

     

    http://www.youtube.com/watch?v=wanoXM90yHE

  3. Well seeing that I can’t sleep I’ll be first to wish my best Mucker a very happy Birthday..to Bhodran Mhan,formly known as Vmhan..Happy Birthday Pal..

  4. Jobo Baldie on

    Good morning all from a very bright, dry and pleasant looking East Kilbride. The future’s bright, the future’s green and white.

  5. BOBBY MURDOCH'S CURLED-UP WINKLEPICKERS on

    Bhodran Mhan

     

     

    Happy Birthday,bud.

     

     

    Why the name-change?

     

     

    Are you on the run from the bailiffs?

     

     

    Have a cyberpint on me,and from my Dad and my two sisters who sit near enough the Green Brigade to live the experiene,and experience the joy!

  6. Mountblow tim on

    Good morning from a cloudy Clydebank

     

     

    Kojo hope your operation goes well and you get better soon

     

    You are in our thoughts god bless

     

     

    We are Celtic supporters

     

     

    Keep the faith

     

     

    Hail Hail

  7. Linfield going to Ibrox to play Rangers…preseason..they wouldn’t charge thier own up front for a game that won’t happen,would they?

     

    James mc Clean getting dogs abuse of them on Twitter..

  8. MWD,

     

    James is a local Derry lad selected to go to the Euros with Eire..plays with Sunderland and is a relative of mine..being reported now on the radio that he has got death threats..

  9. macjay1 for Neil Lennon on

    Kojo

     

    Didn`t know you were ill.

     

    Best wishes.

     

    Haste ye back.

  10. Morning,

     

     

    Green Brigade will not be renewing their season tickets until an outcome is known regarding Newco.

     

     

    Looks like the Stinkin rangers are dragging us all into oblivion with them.

     

     

    Dignity?

  11. good morning all,

     

     

    well I have been ‘off line’ for the weekend and look what happens!!!

     

     

    Somebody really HAS to make a movie about ll of this saga, then again with this many script changes and plot changes!

     

    I watched the Shelock Holmes movie last night, it was brilliant, would love to hear Sherlock wrap up all the clues at the end of this story!!!!

     

     

    reading back through the blog and seeing stories of Celtic resigning! the nuclear option! the carlisle option! the big tax case! EBT’s!!!!!

     

    This is some story!!!!!

     

    On another note am delighted to see James McLean in the squad for the euros and utterly dismayed at rumours of threats made to him because he plays for the Republic

  12. Interesting to see Juve’s celebrations last night…

     

     

     

     

    “It was to experience an evening like this that I stayed here in 2006,” said a tearful Buffon. “It’s the greatest joy I’ve felt in my life after winning the World Cup.”

     

     

    Amid the celebrations was the symbolic No. 30.

     

     

    It featured on the cardboard tricolore Scudetto held aloft by the Juventus faithful and was on the labels of the champagne bottles used to toast their success.

     

     

    The number is significant because it counts the league titles Juventus have won in their history, controversially including those from 2004-05 and 2005-06, which were revoked.

     

     

    General manager Beppe Marotta has already revealed that the club have the “guile” to add a commemorative third star to their shirts [one for every 10 Scudetti], maybe even ahead of their last league match against Atalanta and the Coppa Italia final with Napoli

  13. Edinburgh jury finds a man who pleaded guilty to the charge, innocent of the charge.

     

     

    The gang of ten in cahoots with the devil.

     

     

    The alteration of the rules of the game in Scotland.

     

     

    The alteration of match reports.

     

     

    The alteration of charges from attempted murder to conspiracy to assault as if fools can’t kill.

     

     

    Referees and their master lying to the public and member club officials.

     

     

    The orchestrated bleating and the choreographed mass hissy fits resplendent with vein popping sense of devoir.

     

     

    The silence of the harlot hacks. They really can say the most when they say nothing at all.

     

     

    Politicians pleading for mercy for the most guilty.

     

     

    The whataboutery of the hacks.

     

     

    The sanitisation of tax avoidance.

     

     

    The publication of insidious and inciting innuendo.

     

     

    The return of the Famine Song and the Billy Boys and the consequential charitable condonation by the authorities.

     

     

    The naming and vilification of Review Panels

     

     

    Club chairmen pontificating profit more important than integrity. What is good for the future may have been the benchmark of the past.

     

     

    The sycophancy of the hacks.

     

     

    Bannering Timmy Paranoia

     

     

    Police officers reporting one club for purported breaches of UEFA rules whilst waxing lyrical about another’s blatant bigoted and sectarian singing.

     

     

    The promotion and celebration of serial bigots by the Scottish media.

     

    Imbalances in video review panel get togethers.

     

     

    Imbalance on players punishments depending on which club they play for. Can you imagine the riots if a Celtic player grabbed a referee by both forearms whilst spitting bile in his face.

     

     

    Imbalance of the honest mistakes.

     

     

    The total ostracismand besmirching of Steven Craven.

     

     

    The indulgence of Media House.

     

     

    2010

     

     

    And some people still scoff and sneer in ridicule at the notion that a few MIB might have a beer and a wee chat about where the points would be best served on any given Saturday.

     

     

     

     

    Pride is excessive belief in one’s own abilities. Pride is also known as Vanity.

     

    Envy is the desire for others’ traits, status, abilities, or situation.

     

     

    Gluttony is an inordinate desire to consume more than that which one requires.

     

     

    Lust is an inordinate craving for pleasure.

     

     

    Anger is manifested in the individual who spurns love and opts instead for fury. It is also known as Wrath.

     

     

    Greed is the desire for material wealth or gain.It is also called Avarice or Covetousness.

     

     

    Sloth is the avoidance of honest labour.

     

     

    They are Guilty your honours. Guilty as sin.

  14. Morning all. Fair to middlng day here in North Ayrshire.

     

     

    I have read back from yesterday but as I see it, we have a one in a lifetime’s chance to defeat the evil empire that is Scottish football, its minions and roadies. We must be UNITED for Celtic. We must renew our season books. Spare me the soundbite ideologues, who would have it otherwise.

  15. Alasdair MacLean on

    We always knew they were cheating.

     

    We just couldn’t prove it.

     

     

    Now they have a thread on their mucky website laughing at how Aberdeen fans are going to destroy their own club because of Rangers’ cheating.

     

     

    They’re bringing the whole house down with them.

     

     

    Superiority. Dignity. Integrity.

  16. kitalba on 8 May, 2012 at 08:03 said

     

    =======================

     

    Great Post.

     

     

    HH

  17. Champion Spring morning in the Chilterns…

     

     

    Seems to have been an outbreak of uncommon sense, not only did the SPL Chairmen took a few steps back yesterday, from taking a great leap into a Footballing abyss, (though it might be to give them a good run up).

     

     

    Then on Radio 4’s Today Sir Michael Darrington (erstwhile R@ngers’ nutritionist) stated that PLC Board members get paid far too much, and unlike entrepreneurs who create business’s, employment, taxation and risk their own wealth. These PLC Men (in general) downsize, aviod taxes and take no personal risk, then get paid from sharholders money. Great stuff, can almost forgive what he did to our premier sportsmen (in general).

     

     

    Aplogies for going off topic, just a little bug bear of mine…

     

     

    AvivaPracticalWisdom.

  18. kitalba on 8 May, 2012 at 08:03 said:

     

    ……………………………………………………………….

     

    Truly Magnificent M8.

     

     

    Please forgive me but……I would also have mentioned the fact that they have rioted from, Wolves in the late 50’s – Manchester 08 and beyond with little more than a few slaps on the wrist for sectarian singing!

     

     

    kit….please keep you’re Magnificent stuff coming.

     

     

    God Bless

     

    Hail Hail

  19. ernie lynch on

    ParkheadcumsalfordwhoisNeilLennonand PaulMcBrideandTrishGodman on 8 May, 2012 at 08:14 said:

     

     

    ”We must renew our season books. Spare me the soundbite ideologues, who would have it otherwise”

     

     

    The Green Brigade?

  20. ernie lynch on

    MadraRua on 8 May, 2012 at 08:44 said:

     

    ”Kojo;

     

    Keep the head up, hope all goes well.”

     

     

     

    His head’s up his arse, so I’m not sure that’s particularly good advice.

     

     

    Maybe that’s what the operation is for?

     

     

    Whatever, I wish both him, and all those caring for him, a full and speedy recovery.