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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Lads remember on Scotland tonight when Doncaster was on he said we need to give the situation time to calm down and lets see what comes out of ibrox in the next week.
What happened within the week ? BM was named preferred bidder.
Now look at this tweet below.
jake the snake @celticservant
Neil Doncaster. “Ultimately it will all be judged on what emerges from the process. Give us space & time to let this emerge.”.
He want’s more time, i wonder what will come within a week.
Hmmmmm.
all the best Kojo
hear from ye soooon
ernie lynch on 7 May, 2012 at 18:07
Yes, correct.
Good luck Kojo, hope it goes well for you.
Indio
hen1rik on 7 May, 2012 at 18:50 said:
Lads remember on Scotland tonight when Doncaster was on he said we need to give the situation time to calm down and lets see what comes out of ibrox in the next week.
What happened within the week ? BM was named preferred bidder.
Now look at this tweet below.
jake the snake @celticservant
Neil Doncaster. “Ultimately it will all be judged on what emerges from the process. Give us space & time to let this emerge.”.
He want’s more time, i wonder what will come within a week.
Hmmmmm
don’t worry they are dead, deceased, gone
Kojo,
That’s all that laughing you’ve been doing lately…….all the best.
I see BBC are running kennedy trying to buy Whytes shares.
….where will it all end??
Kojo, all the very best for tomorrow
What was that call about?
Andy M @ Scotzine @scotzine
have been summoned to Hampden and if they didnt turn up then a ruling should have been made in their absence. If a player/manager doesnt
sparkleghirl on 7 May, 2012 at 18:48:
“I asked the other day and didn’t notice any replies – sorry to anyone I apparently ignored.
“It has been suggested that newco aim to play next weekend in order to force their acceptance into SPL.”
Not a chance of this happening in the real world or the SPL.
But I’d say the Lawrence Donegan info on the documentary is correct.
HOW UNDIGNIFIED, THE WHOLE SORRY SAGA ?
Andy M @ Scotzine @scotzine
show up for a disciplinary hearing are they not dealt with in their absence?
ernie, don’t know, missed the start anc couldn’t work it out. Is there a suggestion that celtic have already resigned from the SPL?
It’s not if they go bust- it’s when.
The stunt will be in getting the share transferred before the EBT / Dual Contract decisions are announced.
As the SPL control the Dual Contract decision and they are sitting on it, that leaves the FTT result as the only viable torpedo.
If they get the share transfer before the torpedo is released, then it doesn’t matter what that result is. Oldco will be responsible and to quote Italiabhoy from earlier, any punishment ” will be like firing a few bullets into a corpse” or words to that effect.
The same for the DCs.
All eyes and pressure should be on the SPL board to defer granting the transfer.
I don’t hold out high hopes for that.
My Dear Dear Dear Kojo
all the very best tomorrow.
hurry back with yer great posts.
HH
Andy M @ Scotzine @scotzine
The whole fiasco stinks more and more with every passing moment. Are Doncaster and the SPL trying to hammer the final nail in the coffin
that is Scottish Football? Gutless, rudderless and a league that is even more of a laughing stock now because of this farce.
rennes v montpellier just about to start
montpelier joint-top with only a few games to go
pressure game for them
rennes sittin 5th
Doncaster- ‘no prediction on when the ruling on the dual contacts will be.’
Possibly after the FTT Neil?
TopCorner on 7 May, 2012 at 18:56 said:
Doesn’t that k o at 8?
sparkleghirl on 7 May, 2012 at 18:55 said:
‘ernie, don’t know, missed the start anc couldn’t work it out. Is there a suggestion that celtic have already resigned from the SPL? ‘
The guy asked if there was any truth in that rumour.
Duff and phelps running Scottish football. Wasn’t their job to look after creditors?
deekbhoy on 7 May, 2012 at 18:44 said:
Don’t have anymore info mate but I’ve heard about it. The sadist in me ventured onto FF earlier today and they were talking about it…. Should be interesting.
Paul 67
Putting 2 and 2 together, I would expect the BBC documentary on Dignity, EBTs, and Minty would have maximum impact just after the FTT verdict is delivered. So after next week’s matches would be a good time for the FTT to be delivered.
Just heard Doncaster on Shortbread, only new aspects I picked up on:
– SPL disciplinary findings will be meeted out, irrespective of commercial implications
– Contact with Bill Miller limited to one conference call 2 weeks ago
Lots of hand wringing by Doncaster, as he attempted to balance out his responses he gave last week when he was being bounced by Jabba and Spency….. I suspect he fulfilled his objective today, “it will not be my fault if Dignity do not get into the SPL”
Will Duff £ Phelps hang on until the end of May 2012 or just cut and run?
Just thought I would say I hope the High Bs win tonight. H.H.
What is the Stars on 7 May, 2012 at 16:58 said
Turning our guns on our own is a well documented trait among Celts. Tim Pat Coogan identified three distinct phases to Irish political activism – first, there’s the CAUSE swiftly followed by the COMMITTEE then there’s the SPLIT.
Good evening friends. I like the tone of Paul67s article and I too ‘don’t think that they are going to make it’.
Kojo on 7 May, 2012 at 17:39 said:
“And Where diz Whytey,fit intae awe this?”Nutsy , wants tae Know.
“Whytey? Who’s That?” questions, Luigi, Still Nervous.
“That Reminds Me… I Figure that Whytey ,wull Play the
Part of . Pontius”.. Beams.. Alyss.
“Who’s Pontius?” puzzles. Nutsy.
“Trying tae Figger oot awe awe this is Too Much Fur Me..” Complains , Kojo..
“I’ll Think About it… TOMORROW..” Breezes.. Scarlet
“FugggggggggggggggggettaBouttttttttttttittttttt!” .. Counsels, Vito.
Hmmmmmmmm… Muses….Sir Paul.
Kojo
Still, Laughin’ fit tae Burst.
=========================================================
That post confirms that the sooner they find a cure for multi-personality mad really mad madness the better. Keep laffin, nut(sy)job
Hope all goes well for you, Kojo
KOJO,
My old buddy. All the very best tomorrow with yer visit to hospital. Think positive, and be happy, after all you could be a hun!!!
All the very bestest
Yer pal
KINGLuBO
Kojo
I wish you the maistest,bestest oh luck.
The Morra n furreva.
TT
Kojo
All the best m8.
Hail Hail
Evening Bhoys and Ghirls
Re Sundays game, what time is kick off? 12.30 or 12.45?
Hail hail
Roccobhoy
thomthethim on 7 May, 2012 at 18:56 said:
It’s not if they go bust- it’s when.
The stunt will be in getting the share transferred before the EBT / Dual Contract decisions are announced.
As the SPL control the Dual Contract decision and they are sitting on it, that leaves the FTT result as the only viable torpedo.
If they get the share transfer before the torpedo is released, then it doesn’t matter what that result is. Oldco will be responsible and to quote Italiabhoy from earlier, any punishment ” will be like firing a few bullets into a corpse” or words to that effect.
========================================
That would be true ttt only if the share transfer is made unconditional. If such a decision was made Scottish Football would go nuclear!
12.45 mate
HH
.
TopCorner..
Just Spoke to Estadio Nacional.. Has Landed in Qatar Safely but is Finding it Difficult to Source a Haggis Supper in Uptown Doha..;0)))
Summa
Kojo
Best of luck tomorrow.
Speedy recovery Kojo awra best.
Can I ask that some CQNers keep calm as 30th approaches, and can I ask Ernie to take a wee holiday (away from a computer) ………. LOL ….!!!!!!!!