In what increasingly looks like a facsimile of updates on the defence of Bagdad in 2003, Duff and Phelps continue to accentuate the positives about the potential bidders for Rangers Football Club or its assets but the charade is finally running out of acts.
This afternoon’s withdrawal of interest by the Blue Knight (singular), Paul Murray, the accountant who was a director of Rangers during the hugely controversial EBT years, and Brian Kennedy, should allow minds to focus on the most important question, what next?
Here’s a prediction for you:
Rangers Football Club will play their last game on Sunday 13 May 2012. One day next week, possibly even before the appeal against the SFA Disciplinary Tribunal punishment, one, or perhaps more, of the prominent players who have been jockeying for position recently will commence proceedings to buy a club in the Scottish Football League, or form a new club, ask for permission to play at Airdrie or Paisley, and apply for SFA membership. If membership is granted, an application will be lodged to join the Scottish Football League as soon as a vacancy becomes available.
In time Craig Whyte will sell or otherwise lose control of Ibrox Stadium, and if it is still in an operable condition, the football team hoping to profit from the demise of Rangers will look to acquire rights to play there.
You have witnessed an incredible period of Scottish social history in recent months.
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Like the SSN report that TBK ‘latest’ bid has been turned down. Could there be another final final bid?
Assuming the ‘press conference’ called by TBK for 3pm is to slag off the administrators. If I was D&P I would be having a pre-emtive strike by holding another one at the same time and announcing the PB.
A gift that keeps on giving!
HH..
Early finish for me today… Now The tax dodgers…?
There s a belief I like and it’s the notion that often the most obvious answer is indeed the one.. Ergo No one has stepped forward to buy the manks because .. Well take your pick.. Any one from ten..
Bottom line is they are skint, doomed and no one will touch em with a barge pole !!
HH..
P.s the quality of Scottish media reporting on Rankers since feb 14th has been shocking and exposed all the liars and psychophants..
The scribd doc is too big to open here. Is it the tribunal report? Will look when I get home.
O.G.Rafferty on 11 May, 2012 at 13:56 said:
Is this your creation?
http://t.co/nDRXcY3a
Awe_Naw
‘East German’ tax is it?
Will that be at the pre-reunification rate of exchange …?
FF
“Fair and open-minded”.
Ah well. That’ll be that then.
D&P now say will be tomorrow morning before they can announce a preferred bidder….
Go oan yerself Bumper Morgan, pull that truncheon out one last time.
Brian Kennedy more like George Kennedy!
Hi Paul,
Interesting prediction, I know you mentioned the SFL but do you know why Falkirk were barred from the SPL when they proposed a ground share with Airdrie United?
PrecedentCSC
BMCUWP
http://en.wikipedia.org/wiki/Taxation_in_Germany#Solidarity_surcharge
http://www.spiegel.de/international/germany/0,1518,663476,00.html
Hail Hail
FPLG is hopeful a preferred bidder for Rangers will be named later today by Duff & Phelps.
The manager spoke with the administrators today and revealed that TWO more potential buyers have come to the table.
He said: “I spoke to the administrators this morning and they are very encouraged about being very close to naming a preferred bidder.
“They also told me that two new potential purchasers have come into the frame and I believe Brian Kennedy has also spoken to the administrators.
“Whoever comes in I hope they have the best interests of the club at heart and can take us forward. That’s the most important thing.
“I am not about to get carried away but I remain optimistic.
“I know of one of the gentlemen in the UK consortium and I would be positive about that gentleman although I haven’t met him.”
McCoist has also called on the supporters to be fair-minded when a preferred bidder is revealed.
He said: “The fans have been nothing short of sensational but they must keep the faith. They are 100 per cent right to be guarded but they must give people a chance.
“They need to be fair and open-minded.”
AWE NAW 1407
I know what you referred to,was just pulling your leg.
Interesting,though,that Kohl suggested the surcharge would be a one-off. How he thought he could rebuild over 100,000 square kilometres of deprivation in the image of the west,with only one year’s tax surcharge,suggests he should be bidding for the huns!
Ironically…..
Ticketus is set to launch a legal claim against Glasgow Rangers Football Club owner Craig Whyte for £27m, according to BBC Scotland.
Octopus Investments owns Ticketus, a London-based firm which provided Rangers with “working capital” in exchange for future season ticket sales through its protected EIS.
Ticketus claims Whyte gave personal guarantees in connection with the four-year deal which is thought to be worth around £24m.
On February 14, Rangers entered administration as a result of a tax dispute with HM Revenue and Customs. It is thought the club’s total debt could reach £134m.
In February, Glasgow Rangers’ administrators Duff & Phelps said it was unclear on the whereabouts of £24m advanced from Ticketus to Rangers’ account.
It later clarified that £18m of £24m advanced had been accounted for and was used to pay off Rangers’ debt to Lloyds Banking Group when the club was taken over by current owner Craig Whyte last May.
It is thought that Whyte’s finance company, Liberty Capital, which owns a 10.8 per cent stake in Merchant Capital and is registered in the British Virgin islands, is expected to be the focus of the legal action taken by Ticketus.
AWD Chase de Vere and St James’s Place have both said they have a small number of clients invested in the Octopus protected EIS caught up in the Glasgow Rangers’ administration.
Last month, it emerged that over half of the money owed to Ticketus by Glasgow Rangers would have been wiped out if the Blue Knights Consortium had taken over the club under the proposed terms.
Ticketus pulled out of discussions with the Blue Knight’s Consortium over a deal to buy Glasgow Rangers Football Club in April.
Ticketus said it was unable to finalise satisfactory terms of agreement for its investors with the Blue Knights around restructuring its ticket purchase agreement.
alex thomson @alextomo
Be in no doubt McClelland, Olverman and Greig are damned by name by the Tribunal. The men who did nothing when they knew it was wrong.
Shurely shum mishtake: the greatest ever Rangers?!!!?
Internet Bampots CSC
Bobby
would be good
http://www.zimbio.com/pictures/xT_XR435uDP/Pope+Benedict+XVI+Visits+Freiburg/xnyhs-yeDIq/Helmut+Kohl
philhoopyloguewantsthebighouseofpainclosedasap
Many congratulations.
God bless wee Eirinn and her ma and da.
Hospitals are dull places anyway. Eirinn is clearly a girl who likes to do things her own way.
Deo gratias.
By the way,if Sally keeps saying
“KEEP THE FAITH”
he’ll end up on the FF BANNED LIST sooner than he thinks……….
Just for Satan F.C. perhaps the sfa could inaugurate a Scottish Fourth Division?
And,even though the facade of iPox is ‘listed’,it would still make a grand facade for a megastore.
SkySportsNews making it up as they go along. Hilarious!
Just had a look at RFCiA headlines on NewsNow, this caught my eye:
Juan Manuel Ortiz expects to return to Rangers at end of loan spell
I don’t think there is much reporting of RFCiA news on Spanish TV then.
The Lizard King @ 1406hrs,
Yes it is open to all mate. I’ll let you know nearer the time (we’ll post on here no doubt several times nearer the start of the season) all the details then.
However we have decided that we will almost certainly run a Euro 2012 Predictor Competition and again that will be open to all.
Once have all the details finalised we’ll post on here (and probably Celtic Minded, KDS, etc) and take it from there.
Watch this space!
HAIL! HAIL!
Token
philhoopyloguewantsthebighouseofpainclosedasap
Mucho congrats.
Enjoy yer sleep, you will need it :>)
…………………………………
BobbyM
I first mentioned Cowdenbeath last July, something else I heard on a golf course :>)
Probably completly wrong mind you……
I sold my soul for the second time
Cos the man don’t pay me,
I asked my landlord
For some.more time,
He said son,the bills are waiting.
And I don’t mind,
As long as there’s a bed
Beneath the stars that shine
But if you give me a minute,
A man’s got a limit
I can’t get a life
When my hearts not in it….
Congratulations and well done, enjoy the sleep, you’ll be short of that for a while from now on!
philhoopyloguewantsthebighouseofpainclosedasap on 11 May, 2012 at 13:42,
Congratulations mate. Cap doffed to you Sir on a grand job. Dont envy you, but what a proud moment that must have been for you.
Best wishes to you, your good lady and especially your daughter.
HAIL! HAIL!
Token
philhoopyloguewantsthebighouseofpainclosedasap on 11 May, 2012 at 13:42 said:
That last post was for you, congratulations.
“You have witnessed an incredible period of Scottish social history in recent months.”
Paul as Celtic men we are privileged to live to see this day.(for the past few years I began to doubt that it would ever arrive, I feared that the last 3 CL pots had helped them on their road.
I thank you again for guiding us (adolescents) through this process on a daily basis, so that we were less contaminated by the misled, misguided, misunderstood MSM.
We often needed re assurance and we knew where to find it.
At times I have thought that if this had happened pre timternet days that the likes of the SFA/SPL/MSM/Killie chairman and others would have given the huns the softest of landings.
I think John Greig is about to find out that being a director of a PLC is not some honorary title. Legal duties come with it.
The very latest news:
Ticketus statement – we give up. You’re all mental. Why the hell did we invest any money at all? We know there’s no point hanging around here so we’re off. See you all in court.
Craig Whyte statement – the weather’s lovely in Monaco. Anyone want to buy some shares?
Paul Murray statement – I tried. I really tried to save the club, But that D&P wouldn’t accept the bid. They said that the debts were too high. I blame the past directors.
Brian Kennedy statement – Look at me. Please look at me. I’ve backed every bid, made bids that weren’t really bids and really really helped. I’m a great guy. Look at me.
D&P statement – the quantum required to coalesce into a bid capable of acceptance has yet to materialise despite the proliferation of bidders. In fact we’ve discovered a couple more today, We will keep working over the weekend. Now what was that overtime rate we agreed again?
Sally statement – so who’s giving me the warchest? I need to buy players for next season.
AWE NAW 1415
Excellent. I think someone should photoshop that image and replace Helmut with Walter.
That could go viral,haha!
Wolves players how thick football players can be and how insular English football is. Being interviewed about Stale Solbakken as new manager and none of them know who he is!!!
Rogue Leader
from prev thread
re Lord Carloway
he recently produced a report which was initially based on the Cadder case(interviewing of suspects)…during the report he proceeded to attack the law of corroboration in Scots Criminal Law
it brought him into conflict with almost the entire legal profession ..
he didn`t seem to care
can`t see billy boy upsetting him
Brilliant from CH4!
http://www.channel4.com/news/rangers-the-complex-connections-of-a-club-in-crisis
alex thomson @alextomo
@kzaraallanc I’m telling you here and now that John Greig walked away from Rangers – the Tribunal makes that quite clear.
I know I shouldn’t do this but it has just occurred to me that Donald Findlay’s name is an anagram of D!ldo F@nny Lad.
I will leave now and never return ;-)
PMTYH
philhoopyloguewantsthebighouseofpainclosedasap
Congratulations!
Some job you had there.
LB
Awe Naw
While my guitar gently weeps – George Harrison & Eric Clapton
Pablo
Rogue Leader,
“The key personnel of a corporation is comprised of directors and executive officers. They not only make major decisions, but also carry personal responsibility for diligently performing their duties. The many fraudulent actions committed by executives and directors at companies like Enron or WorldCom have shown that corporate governance is extremely important, and that directors and officers need to take their duties seriously.”
Think the Greatest Ever Ranger took notice of the above, especially “…but also carry personal responsibility for diligently performing their duties.”
Doubt he’ll be able kick his way out of this mess though……
HAIL! HAIL!
Token
We have CQN, the huns have rangers media with insightful blogs like this.
At lunchtime today the news broke that The Blue Knights are out of the running (again) for the ownership of Rangers Football Club, following administrators Duff & Phelps knocking back their bid for the club.
The announcement of a preferred bidder is expected to be imminent. Speculation over who it is, is mounting. If rumours are to be believed it is a London based consortium. However, there have also been whispers of Brian Kennedy having involvement along with “one big name”. The big name is believed to be Graeme Souness or Walter Smith.
More on this as we get it.