For three months a charade took place, where Craig Whyte – who is and will remain owner of Rangers until they are finally ‘flushed away’, Duff and Phelps, The Blue Knight(s), Bill Miller, Charles Green, several members of the accountancy profession who should have known better, and some of the Fourth Estate, who clearly didn’t know better, all told you Rangers were likely to achieve a CVA.
As we (and several others) told you, a CVA was never, ever, going to be accepted by HMRC. A cursory glance at the HMRC web site would confirm that. Once Alex Salmond had his wings clipped, that debate was over.
The charade was a distraction. There are many other distractions available today and they will multiply in the days to come, but I reckon if you’re looking for the critical path on this one you should keep an eye on Lord Carloway. The chair of the SFA Appellate Panel is worth listening out for. Say his name in hushed tones, better still, abbreviate. Even the mention of LC will cause anxiety and distress, for some.
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Ally’s txt to Durranty: ‘funny, ma hoose keys urnae working!’
Dannysbeard
No not one and there never shall be one!!!!!!
LOL………..The f…..g Celtic Know all about their troubles………………..HAHAHAHAHAHAHAHA, Hail Hail
It took all of 9 minutes this morning to euthanise Rangers Football Club.
9 minutes. Such an unseemly rush.
It took the Vet longer to put the cat down.
ernie lynch
There is some confusion in the initial creditors proposals letter sent out by D&P (no surprise there).
Proposal 17.1.4 stated:
“The joint administrators can explore any and all options available to realise the assets of the company without recourse to creditors. The joint administrators be authotised to conclude a sale of the whole, or part of the business, property and assets of the company, without having to obtain the sanction of the Company’s creditors at further creditors’ meetings, upon such terms as the Joint Administrators deem fit and they be authorised to liaise with all relevant parties, bodies or organisations which they deem relevant for achieving this purpose.”
As this was not modified in the next letter to creditors the assumption could be made that creditors have already accepted that a sale could take place. Granted this was “approved” before anyone knew how much the sale would realise.
However, there was another proposal (17.1.8) that was similar but stated that:
“The joint administrators are authotised, subject to the implementation of a CVA, to conclude a sale of the whole, or part of the business, property and assets of the company, without having to obtain the sanction of the Company’s creditors at further creditors’ meetings, upon such terms as the Joint Administrators deem fit and they be authorised to liaise with all relevant parties, bodies or organisations which they deem relevant for achieving this purpose.”
So as this proposal was also accepted and no CVA will be implemented then the sale of assets shouldn’t take place.
There might yet be a challenge to the sale of assets to Sevco.
Mort
The Herald reporting that Charles Green still needs to find £1.5m to complete the purchase of assets for £5.5m
Surely Big Time Charlie isnae skint…
The huns the gift that keeps giving even from beyond the grave..
I am telling you now there is no Glasgow in the name because there will not be a rangers in Glasgow. This was ALWAYS a property deal.
Duff&Duffers proposal to would be investors stated it was a ‘unique property opportunity’.
They will take over another team and play there.
TellingyoufirstCSC
Discerning fans of ‘I’m A Celebrity’ such as Subterranean and myself are already looking forward to the next series, as Ant and Dec stride up to camp to tell Alastair about his latest Bush Tucker Trial.
Drove by the big hoose about an hour ago. Had the window down singing bye bye rangers.
The gathering masses (6or7) never shouted back or raised fingers, they were just dejected!!
Afterwards I laughed, really loud, and thought to myself
“how can something as simple as that make you feel so good?”
……………I’m still glowing.
St Stivs,
“Lanterns” great idea, I shall join in the fun, just north of Montreal. Off tae the shops on the way to work.
Theres’ no a team called the Glasgow ragers…..
HH
Quote
“it’s not our problem, but I cannot say that I am not enjoying it”
Ally McCoist. 1994
Media House get James Gandolfini to tell the huns their club is in witness protection.
The Battered Bunnet on 14 June, 2012 at 11:19 said:
It took all of 9 minutes this morning to euthanise Rangers Football Club.
9 minutes. Such an unseemly rush.
It took the Vet longer to put the cat down.
—————————————————————————
Bet the vet didn’t put a gloved hand up its’ chorus & verse and pretend it was a glove puppet for the general amusement of everyone who owned a garden despoiled by Tiddles,
Ya gotta love that CW!!!!
‘Oh there’ll never be a team like the Sevco 588, no not one….etc etc’ will be the new refrain…
Family flowers only.
Fortified by rites of goalie Lurch (Goram)
Questions:
Who registered the name “The Rangers Football Club”?
And when was it registered?
If Registered at any time before today, then proves liquidation all along. And if Charlie registered it before entering the race, he’s been set up to do this since day one.
I feel this is like Fergus Day back in ’94.
Although I knew what it meant and how important it was and never really ‘took it in’ till many years later.
Like the death of the hun, I won’t realise how we are witnessing a truly historic day in Celtic’s history till much later.
To be here and be part of the death of the most bigotted, racist, sectarian and corrupt ‘football’ club in the world is………….
Special.
Agent Whyte, 009, return to base. Mission complete. Licence to Kill now rescinded.
Mr Green addresses the creditors meeting:
http://www.youtube.com/watch?v=9AdKoAG_YpA
Fantastic Quote from the BBC live text from “the Italian Bear”…
“I’ve been a season ticket holder for a number of years and a fan all my life and this is the blackest moment I have ever known. I hope we go down to the 3rd division out of pure spite to the other SPL clubs, we’ll see how interested sky will be then in our league.”
Hahahahahahaha
What a laugh it would be if ‘there is not a team like….’ got sung by all the other spl clubs next season!
I do believe that in due time the whole parcel of rogues will drink themselves into a coma in that salubrious establishment club, The Bar Linnie.
:-)))
No no Huns in Govan
No Rangers to sadden my eyes
No Ally McCoist no david Murray
Every day is the 14 th of June
…ok needs a bit of work .. But it’s pleasant work.
Oh well – all things must pass.
I see the meeting lasted 9 minutes. What is it with that team just not making it to 10..?
Harald Brattback wasnt at the meeting was he?
Interesting, very interesting
Douglas Fraser @BBCDouglsFraser
In #Rangers creditor meeting, Ticketus – which, like HMRC, had a blocking vote – backed the CVA. Now going after Craig Whyte for £27.5m
They will go down to the 3rd Division, as Aberdeen have officailly stated they will vote NO.
Another classic:
“Not trying to deflect away from Rangers’ problems. We deserve punishment, but surely 10 point deduction was enough?”
Hahahahahahaha
Superb day and the Sally news makes it SO sweet. Hope he reflects on the trouble he got Neil into, whispering nasties in his ear .. Neil kept it private.. Tells you everything..
We love Neil Lennon ..
Pass the jelly and ice cream
Ticketus would naturally vote CVA as they’d get their money for the next 4 years.
God bless Hector.
dobbo
Come on – one point deduction for every £5million of creditors’ and public purse money you’ve trousered?
Can’t say fairer then that …
No word from Chuckie G then yet? Somehow,I don’t think he’s actually got the readies to run a motorized wheelie-bin,let alone a football club.
And what a football club it will be….part-timers,has-beens,fifth-raters and slavering orcs as part-time fans.
Ah….my imagination runs riot!
:-)
Btw,radio reporting Chuckie & Swally at each others throats!
This is going to be such a wonderful time as we watch them all eat each other.
The word ‘gusto’ comes to mind…amongst many others!
So what does this mean for our hero craigy bhoy
So as far as votes against Der Hun in SPL go, what do we think?
As “No” votes I’ve got Us, the Sheep, Dundee United, Hibs, “Probably” votes for Hearts, St Johnstone, Ross County, and St Mirren, and Yes votes for TFOD, Killie, Murderwell, and ICT.
Should be enough to oust their sorry asses!!!
:-)
That should be “Probably No” by the way.
So that’s it then ?
The Rangers F.C.
Founded 14 June 2012
League Tiltles – None
Scottish Cups – None
Football League Cups – None
European Trophies – None
Famous Players – None
5th generation – So what does this mean for our hero craigy bhoy
I expect he’ll go from town to town, solving mysteries and helping people in need. (thumbsup)
No one will EVER understand how happy I am today …….. The shame has finally been removed from Scottish Football and we will be able to go to matches watching our teamS, and not the referees……. Truly wonderful….can’t for the new season to start …..all clubs will have more supports attending, since it now a SPORT, and not a bigot feast.
LL …..EAT YOUR HEART OUT…….
Founded 14 June 2012
League Tiltles – None
Scottish Cups – None
Football League Cups – None
European Trophies – None
Famous Players – None
=======================================
And how about
Training Complex – None
Stadium – None
Manager – None
Prospects – None
Transfer Budget – None
Harry Redknapp for New Improved Flangers! Messi in talks with Green! Aliens found living under iPox! Second Coming Announced! More To Follow Follow!
I should work for the msm…
:-)