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:
- «
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- ...
- 23
- »
Steinreignedsupreme on 7 May, 2012 at 17:57 said:
hen1rik on 7 May, 2012 at 17:52:
“D&P statement makes it quite clear that they expect RFC to be owned by BM before 30 May.”
I think we all know by now that anything Duff & Phelps say should be taken with a pinch of salt.
share on F’book or Twitter
LoL.
“Who Killed Cock Robin?” queries, Zarry.
“Cock Robin?.. Heck. Ah’m still Tryin’ tae
figger oot..
‘Who killed the Goose?” Scoffs,Nutsy.
“Whit Goose?” asks Zarry.
” The wan that Lays Thon Fancy Eggs..” informs Malcom.
Malcolm? Who’s Malcom?
” Ah guess it Wiz.. Murray.” conjectures.. Kojo.
” Yep.. It wiz Murray, awe Right.. He did It .. Good and Proper”
Kojo
Still, Laughin’
(Thinkin’ that Ah hiv . goat enuff stuff here, fur a
Belter o’ a Screen Play, fur a Noo Mystery Series…
“Nancy Drew crosses Swords wi’ the Blue Knights”!)
Steinreignedsupreme on 7 May, 2012 at 17:46 said:
”Why don’t you do it and then you can tell us all what the reply is?”
Because it would be a lie.
What is the Stars on 7 May, 2012 at 16:58 said:
Paul
yea Yea yea,they look marooned,I dont think they are going to make it
All very well
But why hasnt the forelock tugging,soup taking,back of the bus sitting,old firm minded board of Celtic FC come out and done something to stop this travesty of Rangers Newco being allowed back in to the SPL penalty free
Answer that
Up the rebels,
—————–
How do you know they have done nothing and no decision has yet been made to allow them back into the SPL Penalty free. Please post facts not wanton crass comments. FUD.
offtopic,
I suppose if you live long enough , and support your team all your life, then history does indeed repeat itself –
http://www.dailymail.co.uk/sport/football/article-2140200/Day-destiny-Manchester-City.html
and btw –
stupid huns
Saint Stivs,wouldn’t it be just a fairytail if he had a hand in deciding the title..
Are they not just hoping The tax dodgers will die of natural causes?
Looks like all the delays are in the hope that matters are taken out of the hands of those in Scotland in charge of football matters ..
HH
So the SPL vote was delayed because someone who doesn’t yet and might never own one of the clubs, a club that that might or might not go bust, wants to be involved? About par for this very long course I suppose.
coorslad on 7 May, 2012 at 18:04 said:
Saint Stivs,wouldn’t it be just a fairytail if he had a hand in deciding the title..
its a fairytale on top of a dream, on top of a lottery win.
he is allover sky sports now, what a half season.
hopefully a big part to play in the Ireland Euro chamions win as well.
neveralone on 7 May, 2012 at 18:00 said:
”Im happy to take the Celtic board on trust.”
It’s more hope than trust though, isn’t it?
The truth is we have as much control over our destiny as the huns and the fans of every other club have over theirs.
All we can do is let the people who control our destiny know the potential consequences of their actions and hope they do the right thing.
An alternative view –
well, a hope really. Mr Miller would soar in my estimation if he pulled out of any proposed deal and offered to donate the £11million to a certain orphanage in Thailand.
I don’t have £11million to spare but if I did, I would hope I would go down that route rather than opt to purchase an entity I know nothing of.
waffle waffle Dungcaster now on ssb
drivel drivel drivel
Just listening to the,sheep in sheep’s clothing that is Neil Doncaster.
BBC Radio news reporting on the Bigotfest in Belfast today. ‘A flute band paraded around the pitch…’ 8.000 orcs (that’ll be 3,000 then) paid £20 each that goes to the fighting fund or Duff and Phelp’s wages.
Estorilbhoy
Did you honestly think my post (which seems to have upset you) was serious
If you did then you are a little bit of a fud yourself.
However it would be very unkind of me to be so derogatory towards a fellow CQNer so I wont call you a fud,
Maybe you want me spell out in plain english what I meant,If you do I will
What I find the most astounding in all of this is that at BOTH meetings the SPL clubs voted UNANIMOUSLY to postpone / defer / crap out of making a decision on this disgraceful episode.
In other words not ONE club has the cojones to say yes or no in all of this. What a shower of quislings the lot of them are.
bank holidays are magic, i have done he haw all afternoon while the missus and kid are out.
will make an attempt at the t now before they get in.
i can wait till the queens big holiday bash in a couple of weeks, i mean we did pay for it.
i hope they catch the tax dodgers before then, and she locks them in the tower.
and turns catholic.
hahahahahahhahahah
tal
which section of iborcs stadium does Gerry McCulloch have his season ticket ? in among the blue order ?
theglasgowcelticway on 7 May, 2012 at 18:09 said:
”Just listening to the,sheep in sheep’s clothing that is Neil Doncaster.”
People used to call the Ford Capri a sheep in wolf’s clothing. Doncaster’s a bit like that.
ND confirms an 8-4 vote will be needed on 30 May
What is the Stars on 7 May, 2012 at 18:10 said:
Just got the joke – hilarious !!!
While I say ‘confirms’, there is of course the caveat that this is the SPL in a Clyde interview.
not that i care anyway (all a bunch of cheats) but
Ross County will be at the 30th May meeting
14,000 expected at Easter Rd tonight,,,that’ll not be mentioned anywhere in relation to the saviours of Scottish football.
Paul67 et al
So Rangers could not send a representative to the SPL meeting at Hampden today, not even a proxy, and no since you ask, no sign of Broxy. More important matters were to hand, a visit to Belfast being the priority, the price of being a global brand. The SPL Board’s failure to bounce the member clubs into accepting a new football club into the League is good news. Despite the machinations, and the chicanery, (and any other big word you can think of) it suggests to me that the voice of the football supporter is finally being heard. Or I hope so at least. Maybe, unlike the Chairman of Kilmarnock FC, Michael Johnstone, and despite the desperate efforts of the Scottish media the Scottish footballing public actually values integrity. Maybe they realise that despite Salmond, Fraser, Davidson McLeish et al the Traynors and the Youngs of this world are flogging a dead horse. Maybe we are all starting to sing from the same hymnsheet. Modern day Rangers supporters are not going to save their club, that much is clear, they cannot bring themselves to face the fact that some twenty five of their trophies are the product of blatant cheating. And yet they still expect the rest of Scottish football to rescue them. Expect! No, they (Rangers supporters) need to hold a meeting, preferably not in an Orange or Masonic Lodge and try to get back to their early footballing roots. They need to start again!
Hugh Keevin’s
Scottish football has a climate of fear at the moment.
Who’s fault is that mate?
Doncaster wholly unconvincing…. How much does he earn?
What a farce.. D&P are running show.. Tell them to get tae…
HH
sparkleghirl on 7 May, 2012 at 18:13 said:
ND confirms an 8-4 vote will be needed on 30 May
An 8 – 4 vote for what – to give clubs the deicsion on a newco rather than the Board?
So it is possible that Celtic dont have to behave like a battered wife after all and newco materializing is a non starter.
Spl adjourns the meeting of the 30th May until 2037.
Just die already
So far on SSB tonight I think Keevins has spoken pretty responsibly which is most unlike him.
Wonder if he knows the end is truly nigh for this abomination of an institution.
I think Celtic Board should hold their silence.
There may be a time to speak about integrity but we are not at that point yet.
If Celtic were to comment now on no Newco in the SPL, the MSM would turn on us.
The focus would be Celtic and their bitter attitude to poor Admin FC.
Popular opinion would be turned against us. We would be the bad guys.
Admin FC would then be exonerated to keep the Tims quiet.
Do not give them the fuel they need. Our time will come.
Dermot Desmond, time to dial wee Fergus and by him a first class ticket to Glasgow…sort these clowns out!
I’ll make a prediction right now, and when I am proved right you can all say “James Forrest said that would happen.”
On 30 May, when the meeting starts, the first motion will be for voting anonymity and a blanket “united front”. In other words, whatever the decision is (and we know what it will be, now we know it’s 8-4), we will never know how clubs voted because either the decision will be presented as unanimous or the figures will never be released under the cloak of commercial necessity.
Game over, friends. That’s that.
Could you imagine the administrators at Portsmouth running the Premiership or Championship?What a farce!!!
Gordon_J backing Neil Lennon on 7 May, 2012 at 18:18 said:
I assumed the newco at the time but then began to doubt and would like to hear it again.
Estorilbhoy
Maybe you did get the joke,maybe you didnt,However its not hilarious.
But let me explain.
Yesterday all the usual “sack the board” malcontents were on accusing the celtic board of getting into bed with Rangers and allowing them to walk into the SPL penalty free (all this before any decision had been made)
I made the point that Rangers are (no matter what happens) fecked financially and face years of doom and gloom while Celtic are champions and very healthy financially and made the point that people should relax
For this I was accused of being a forelock tugger who is prepared to sit on the back of the bus etc
All the usual nonsense from deranged fantasists
And by the way I dont use public transport so I never sit at the back
(thats joke too) so no need for all the working class heros to get on their high horses