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. sparkleghirl on

    So I waste 2 hours of my life listening to Clyde only for them to annouce, with Hibs 2-0 up that “if Dunfermline score first it’ll be a interesting game”.

     

     

    Holy Moly. They keep telling us they’re sports journalists not legal & financial experts.

  2. Kojo

     

    That’ll be the jiggin off the menu for a while then, good luck tomorrow and

     

    HH

  3. Snake Plissken on

    3-0 Hibs

     

     

    Well done Hibees.

     

     

    Don’t like Yorkston and never have.

  4. Penalty Hibs, really a MiB decision there, never a penalty. Yorkston showed his hand and the MiB have their instructions

  5. Well there you have it.

     

    Scottish football is run by rfcia for rfcia. More like mafia.

     

    Do what we want or we’re comin’ round to chib you & your family.

     

    At least it’s all out in the open now for all to see.

     

    I hope uefa are watching.

  6. auld heid

     

     

    Doncaster is more than a blinkered fool

     

     

    he`s more calculating than that

     

     

    he sees the Hun as an essential component to the SPL and is prepared to tell barefaced lies and obfuscation to try to achieve their survival

  7. thomthethim & PFayr

     

     

    The point is (I think) If the share is tranferred to Newco without conditions then fair enough legally sanctions placed on Oldco can’t be transferred.

     

     

    But the SPL is not obliged to transfer to Newco. They would be doing Newco a favour. Im sure SPL lawyers would set up the conditional offer. Again I say Mr Miller doesn’t need to accept it. He can wait for FTT & dual contract ‘not guilty’ verdicts & take it from there!

  8. bankiebhoy1 on

    Has no-one from the ranjurs in-house ‘paper’ informed “Windy” that he probably needs a passport before the customary “swooping” into the glamorous airport an aw that……??????

     

     

    I expect he sees all that passport stuff as nothing more than red-tape……… a hindrance for the likes of him.

  9. Jim duffy and charlie nicholas both from maryhill and went to school together,

     

    Without being unkind im not sure their teachers really tried too hard with either of them

  10. Oh I think they tried.

     

     

    When asked to recite a poem in class Charlie said that he knew all the words but not necessarily in the right order.

     

     

    It is skill that he has utilised on Sky.

  11. thomthethim on

    Auld Neil Lennon heid on 7 May, 2012 at 19:48 said:

     

     

    Yea,

     

    Doncaster is weaving a web of lies and deceit which, I hope, will be unravelled with one tug of a loose thread.

     

     

    Can’t see the SPL surviving the fallout.

     

     

    Lovely evening here. Heading for a walk on Carrickfinn beach.

     

     

    Bad news from yesterday.

     

     

    Árd Macha lost his 100% league record in Sharkey’s!! :>(

  12. Marrakesh Express on

    Whats the point of SSB? We’re in the middle of the biggest story in the history of British sport. A guy, Stevie, comes on with an extremely valid point about UEFA becoming involved and the distinct possibility that the whole country will then be dragged into the hun mess. As usual the answer was watered down and totally dodged by bottler Keevins. Duffy also failed to address the question. ‘But Europe is awash with debt laiden clubs’ was the lazy and point-missing answer given. None of the panel dared to differentiate between debt and fraud/tax evasion/financial doping. This show is only worth listening to for the callers (some, not all) who are too clever for Keevins and co. Probably the same ones he refers to as internet bampots.

     

     

    hh

  13. Saint Stivs on

    14,000 for a relegation game.

     

     

    imagine a Hibs team at the top end of the table playing Aberdeen for a champions league place a few years from now.

     

    they would fill the stadium.

     

     

    or aberdeen at their new stadium playing hearts for a champions league place.

     

    they too would fill the stadium.

     

     

    or utd v dundee for a europa place,aye they would fill the stadium.

     

     

    quoting motherwell and saint J as poor attendances this week is just wrong, these clubs have never had big supports.

     

     

    these chairman are taking big risks with their own fanbases to look after the huns.

     

     

    if you get a chance listen to Cosgrove rip into Speirs on shortbread at weekend, listen from 35 mins in, destroys him with coherent , business arguments.

     

     

    http://www.bbc.co.uk/iplayer/episode/b01h77ff/Off_the_Ball_05_05_2012/

  14. bankiebhoy1 on

    ….I think Neil Doncaster is wearing clothes chosen for him by that erstwhile dynamic political firebrand…………….. Geoffrey Howe

     

     

    Or mibbee it’s that other Geof…… “Buff” Hoon????

     

     

    Dear, oh dear.

  15. sparkleghirl on

    Listeining to the BBC SCotland link with ND; the 8-4 applies to the vote to allow newco in.

  16. I’m sure ( may be corrected) but Jim Duffy said tnite somethin about ‘ sporting integrity …… Well is it Sportin integrity if Celtic want to move to a different league’

     

    Sorry may be paraphrasing !.

  17. Che on 7 May, 2012 at 20:04 said:

     

     

    Jim duffy and charlie nicholas both from maryhill and went to school together,

     

    Without being unkind im not sure their teachers really tried too hard with either of them

     

     

    Both of them are an embarrassment to all good Maryhill bhoys. Nicholas has been an uncle tim for years, but this is not the real Duffy. Can only imagine that his current position in football and taking 30 bits of Clyde silver is causing his uncle timminess.

     

     

    HH

  18. Saint Stivs on 7 May, 2012 at 20:12 said:

     

     

    just listened, normally don’t like Cosgrove but he’s a very clever and articulate guy, totally nails Spiers

  19. With Dungaster its like a bad, borderline “horror” film, where the Corleones (huns) have taken the idiot savant guy from Rainman (Dungaster) hostage… he works for the mafia now as their accountant…once they’ve finished with him they take him round the back of the Loudon & wack him…

  20. dannygall on 7 May, 2012 at 20:20 said:

     

     

    Charlie Nicholas went to school?

  21. Duff&Duffer to argue Dunfermline should not have a vote on 30th as will not be in spl.

     

     

    One dissenting voice eliminated…

  22. !!Bada Bing!! on

    TBF i thought the Shortbread Loyal asked most of the questions which are posted here daily,the main one which was missed IMO was,what sanctions (if any) will Newco be liable for.

  23. Paddy Gallagher on

    Any one tell me how many Rangers players won player of the year awards whilst playing illegally?

  24. Awe_Naw_No_Annoni_Oan_Anaw_Noo on

    Try again

     

     

    How can giving the huns an extra three weeks i.e an extension to solve their problems be a good thing ?

     

     

    What is to stop other SPL clubs going into Administration and also taking advantage of a prompt Newco ?

     

     

    I cannot find a 21 day ruling in the SPL hand book so how has the 30th of May been chosen ?

     

     

    HH

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