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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  1. I have not seen the Sky tv deal, has anyone on here seen it? I think that the four games against them being mentioned would be in regards to ESPN in that Sky get those games and they split the rest.

  2. 67Heaven ... I am Neil Lennon..!!..Truth and Justice will always prevail on

    Off to watch the game now……would be great not to have to play Cheat FC ever again…….here’s hoping…..Hail Hail

     

     

    Hun asks Keevins why rankers should be punished at all ……!!!!!!!!!!!!!!!!!!!!!

  3. Doncaster trying to play the smoke and mirrors game as he schemes and conives to keep the hun alive

     

     

    isnae bright enough to appear anymore than the transparent eejit that he is ….

  4. Magnificentseven on

    yorkbhoy on 7 May, 2012 at 19:30 said:

     

    I have not seen the Sky tv deal, has anyone on here seen it? I think that the four games against them being mentioned would be in regards to ESPN in that Sky get those games and they split the rest.

     

     

     

    your reading is correct, the stipulation is that hey get ALL the Celtic/huns games, not 4, just all of them, it has been twisted to suit MSM agendas

  5. midfield maestro on

    Kojo

     

     

    Aw ra best ra morra, will be thinkin aboot ye a loater…

  6. RobertTressell on 7 May, 2012 at 17:14 said:

     

    “One question for them – what could Celtic say in public (as a club) that would help their case right now?”

     

     

    The season ticket deadline has been extended.

  7. Paul67 et al

     

     

    Best wishes to Kojo and his hospital visit.

     

     

    I was once examined by an American doctor myself back in the day.

     

     

    “Any coughing, wheezing, or shortness of cash?”

  8. archdeaconsbench on

    Jim Duffy still talking about Rangers challenging for the league next season. Casting doubt on their credentials as genuine title challengers even if they were to retain this seasons squad… Talk about ‘just not getting it…….’

  9. starry plough

     

     

    re Duffy …think he`s just indulging in his usual brand of erchie licking

     

     

    uncle Tim

  10. CHARITY Ebay AUCTION – 2012 SIGNED CELTIC TOP.

     

     

    Bidding ends tonight at 22.05 and is now at £510.00.

     

    Fellow Celts, I need your help.

     

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    Welburn offers incredible residential support for those in need in the Dundee area. It is only a viable concern through the dedication of the sisters and volunteers and fundraising initiatives such as sales of work, coffee mornings etc.

     

    The sisters need cash to maintain the home for the benefit of the residents, you cannot visit there and not be inspired by the work the sisters do.

     

     

    All our favourite players have signed the top which is in mint condition and in a fantastic presentation box.

     

    You can support the work of The Little Sisters Of The Poor by bidding for this Celtic top signed by the first team squad:

     

     

    http://www.ebay.co.uk/itm/Signed-Celtic-First-Team-2011-12-Champions-Top-Charity-Auction-Mint-Boxed-/320898089257?pt=LH_DefaultDomain_3&hash=item4ab7044129

     

     

    Your help is greatly appreciated and very much needed.

  11. Auld Neil Lennon heid on

    Thomthetim

     

    Re delaying the vote: that will depend on the level of punishment, which depends on the crime.

     

    Doncaster is being disingenous on the precedents he cites for being allowed back as Newco.

     

    None of the precedents has done anything like the scale of damage to football or the taxpaying public.

     

    He is presenting Rangers crimes as being on the same level as the precedents he quotes and until the FTT decides he has the whiff of a case.

     

    The FTT will whisk away the seventh veil and what is left is not going to be prettty.

     

    He is trying his best to present this as just a matter of football disobedience because that offers the possibilty of containment, when fact it is a civil issue of huge importance,the consequences of which Rangers are going to escape by becomimg a Newco.

     

    That the SPL are trying to rehabilitate a thief who has shown no remorse or contrition by allowing them to escape the football consequences will bring on the same fan opprobrium as is directed at Rangers.

     

     

    The man is a blinkered fool.

  12. Paddy Gallagher on

    More and more convinced that all our dreams are being delivered, well done Neil, the bhoys and the board. Luvin it :-)

  13. thomthethim on 7 May, 2012 at 19:29 said:

     

     

    ******

     

    Thanks for the response. I thought I’d been typing with invisible ink today.

     

     

    Would a conditional transfer not invoke the”can’t punish a Newco for Oldco’s sins” defence?

     

     

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

     

     

    The point is (if Ive understood previous comments) SPL can say to B Miller yes we’ll transfer the SPL IF you formally undertake to accept the sanctions which will follow any guilty verdicts on dual contracts etc.

     

     

    B Miller can say not on your Nellie! Or he can say yes! In other words the Newco owner of the SPL share himself accepts or declines the prospect of sanctions dependant on guilty verdicts.

     

     

    The thing is…perhaps the sanctions will be severe but still giving an SPL status!

  14. thomthethim on

    Get well soon, Kojo.

     

    Your entourage will be well capable of minding the store for a few days.

  15. Starry Plough

     

     

    absolutely ..there`s a long list of them

     

     

    those who don`t conform are soon moved out

  16. Just wondering if the Killie chairman would be happy if Sky decided to kick them out of the league and replaced them with Dundee for financial reasons… I’m sure he would take it well….

  17. ElDiegoBhoy on

    PFayr

     

     

    You wonder who appointed Doncaster and Regan to their current positions.

     

     

    Certainly no one who felt either of them wouldn’t toe the ludge line.

  18. bankiebhoy1 on

    Has the boul’ ‘Feldman’ actually commented on any of this other than FTSA?

  19. neveralone/thomthethim

     

     

    if the newco take over and try to play on Sunday

     

     

    i`d expect SPL or at very least CFC to attempt to interdict them from doing so

  20. thomthethim on

    neveralone on 7 May, 2012 at 19:49 said

     

     

    It has been argued here and in the upper chamber of RTC, that a new co can’t inherit the debts etc. of a liquidated company.

     

     

    BM could say, “Yea, OK”, then when the transfer is done say, “See you in court,buddy. Once I get my passport”.

  21. I’m sorry but I can’t share the optimism on here.

     

     

    The path is being prepared for Huns in the SPL next season and probably minimal sanctions if any.

     

     

    Haven’t heard anything to change that view and do not expect UEFA to intervene.

     

     

    Desperately hope I’m wrong.

  22. 14000 for a Monday night game good effort, remember Dunfermline’s first game at East End Park in the Premier League in the mid 80s, think it was also v Hibs, they got a similar crowd

  23. ElDiegoBhoy on

    Guys

     

    You know full well there is no such thing as a ST deadline. If you hold off renewing what’s likely to happen? Correct. Nothing.

     

     

    Renew when YOU want to do so. If at all.

  24. Son of Warsaw on

    Duffy, …. Doncaster is very clever and eloquent….

     

     

    Well he is

     

     

    Compared to you Soup Taker.

  25. thomthethim on

    ….PFayr on 7 May, 2012 at 19:52 said:

     

     

    neveralone/thomthethim

     

     

    if the newco take over and try to play on Sunday

     

     

    i`d expect SPL or at very least CFC to attempt to interdict them from

     

     

    *****

     

    Doncaster and Co would need to be on the first stage out of town.

     

     

    I kind of like the rumour, unsubstantiated, of course, that Celtic are going to post notice of resignation next week.

     

    Something to focus the minds of the SPL, with continued “no Comment” from CP.

     

     

    Time for some black propaganda of our own.

     

     

    A bit of non director shareholder action. I would suggest Denis O’Brien to growl in their direction.

     

    Not a man to cross.

  26. James Forrest is Neil Lennon! We are ALL Neil Lennon! on

    Radio Clyde doesn’t even know the Hibs game has started.

     

     

    Jokers all.

  27. Auld Neil Lennon heid on

    Hashhadenough

     

     

    The Cunard Bar in La Carihuela between Torremollinos and Benalmadena first row behind the promenade is the place. Owners a good Tim.

     

    Do a great Sumday lunch. I arrive Monday night to stay at its apartments and can well recommend it.

     

    Google Cunard Bar for the web sites that will give you the location.

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