This is a dead football club

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We are five days away from the end of the season, Duff and Phelps have spent 10 weeks trying to solicit an offer for the assets of the company and the only one they were in a position to consider has now been withdrawn.

The stadium remains in Craig Whyte’s hands.

The SPL has not offered a place in the league.

The players can choose to become free agents on Sunday.

Duff and Phelps have no money to pay anyone or anything after 31 May.

Are you getting the picture?

Whatever ‘good news’ Duff and Phelps come out with later, or ‘Rangers to benefit from Miller withdrawal’ you read about tomorrow, not one piece of positive news has gone Rangers way in weeks.

This is a dead football club. If there was an accountancy term beyond liquidation, perhaps uber-liquidation, they would be uber-liquidated (there’s not, but if this gets any worse the English language will need some re-work).

Yesterday’s delay was the most complete confirmation possible, for anyone still harbouring doubt, today’s message from Miller should be no surprise to Celtic Quick News readers.

Miller’s parting shot:

“After hearing the message from Rangers supporters and fans loud and clear (“Yank go home!”), I notified the administrators today that I have withdrawn my bid for Rangers”.

…has the makings of a topic for a business doctorate, if anyone is looking for one.  I’d elaborate but reckon we’re all a little carried away at the moment for serious debate.

The histrionics since yesterday and, if you don’t mind me saying, lack of appreciation of these historic times, would dishonour teenage girls (no offense teenage girls).

Please stop with all the silliness, indignation and faux trauma.  Some football supporters have real issues to worry about.

You can buy a hard copy of the new issue of CQN Magazine via Magcloud here.

The graphic below is just for a flick through, to read the magazine go here to it’s dedicated site.

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  1. Folly Folly on

    For any huns keeking in to see how we’re taking the news, can I just say ‘don;t worry’ … as the DR will tell you tomorrow, Bill Miller’s withdrawal merely clears the way for fans’ favourites the Ol’ Blue Knights …

  2. Steinreignedsupreme on

    Paul67 –

     

     

    “but if this gets any worse the English language will need some re-work”

     

     

    Surely you mean; the Queen’s English?…

  3. Tennessee Tim on

    Re: Bill Miller

     

     

    Thank God – I was afraid of being doomed to endure Hillbilly/Tennessee/Stupid Yank jokes on this site for eternity.

     

     

    TT

  4. ¡ǝsoɥ ǝɥʇ ǝɯ ssɐd ‘sʞɔıʞ ʎןɟ ɥbnouǝ (o) /o\ z ʍoɹ on

    Best laugh is MSM have been struggling manfully for a week trying to find out about him………… haha

     

     

    HH

  5. ¡ǝsoɥ ǝɥʇ ǝɯ ssɐd ‘sʞɔıʞ ʎןɟ ɥbnouǝ (o) /o\ z ʍoɹ on

    Is it a cohuncidence?

     

     

    SPL meeting delayed ……… towing ball breaks free??

     

     

    HH

  6. the long wait is over on

    From Millers statement

     

     

    “I am most disappointed that I won’t have the opportunity to walk into Ibrox Stadium on the day of an Old Firm match as my friends tell me the hair on my arm will stand up and I will never witness such passion and spirit at any sporting event.”

     

     

    Awww. Bless.

     

     

    But , hey , get yersel a passport fella and ah’m sure we can rustle ye up a ticket at the singin’ and dancin’ end for next season.

     

     

    Oh, wait a minute…

  7. The Token Tim on

    …..but let me give you this wee tip,

     

    we’ll be there for the League and the Cup…..

  8. Sixteen roads to Golgotha on

    Wretched huns.

     

     

    No loyalty at all.Only 7000 bothered to turn up at Windsor Park,for the survival game – the ground has as capacity of 18500.

     

     

    What loyalty?

     

     

    Disgraceful,embarrassing huns.

  9. philvisreturns on

    In eastern traditions, the state of nirvana means being blissfully free of suffering.

     

     

    The word itself can be literally translated as “blowing out” – the blowing out (as one would a candle) of hate, greed, and delusion.

     

     

    Rangers FC is about to experience nirvana. (thumbsup)

  10. Dead and Loving it on

    Is everybody really bored with the blue knights?

     

     

    Don’t think I can listen to any more Paul Murray statements

     

     

    how will the lapdogs turn this into a positive?

     

     

    suppose that is miller industries on the boycott list then

  11. traditionalist88 on

    Some quality posts on RM:

     

     

    ‘What the Feck has happened here? Worrying times, when everything was looking so good. ‘

     

     

    Where to start….

     

     

    HH

  12. I hope the Airdrie chairman is a bidder.

     

     

    This just gets funnier and funnier. D&P should just stop making it up now and keep quiet.

  13. The Moon Bhoys on

    SSN reporting that Duff and Phelps now back at the drawing board examining the 3 remaining bids, mind you they are also reporting that come June rangers will have to start selling players in order to carry on trading, if all their players become free agents in June they’ll have nothing to sell and therefore no income. Yippee, the end is coming closer,

  14. Paul 67 says…

     

     

    If there was an accountancy term beyond liquidation, perhaps uber-liquidation, they would be uber-liquidated (there’s not, but if this gets any worse the English language will need some re-work…

     

     

    Shureley shome mishtake…

     

    Worse? Better, I hink you mean!

     

     

    HH

  15. Green Lantern (((((0))))) on

    Well looks like that’s the end of The Miller’s Tale.

     

    Whatever next?

  16. midfield maestro on

    ernie lynch 17.29

     

    Put here a couple of times, never had it confirmed, but I was told by a media guy, the day we won the league, that Jack Steedmans ( ex Clydebank owner) son was doing the PR for them here in Scotland.

  17. Green Lantern (((((0))))) on

    Isn’t vapourisation beyond liquidation?

     

    And beyond that annihilation!

  18. Steinreignedsupreme on

    ernie lynch on 8 May, 2012 at 17:29:

     

     

    “Miller was never going to buy, was he?”

     

     

    Makes you wonder what all the panic was about doesn’t it?

     

     

    But you are right that the whole thing is a shambles. As I keep saying nothing has changed since 14 February. They will be liquidated and will be struggling to have any kind of club by the start of next season.

     

     

    None of this will stop the usual suspects painting a rosy picture though.

  19. They wished The Titanic ‘God Speed’. The iceberg HMRC has holed rangers and it is now the time for lifeboats.

     

     

    American businessman Bill Miller has

     

    issued the following statement on his

     

    decision to withdraw his bid for

     

    Rangers.

     

    “As soon as I was announced as

     

    preferred bidder for Rangers, my

     

    team began to press ahead with our

     

    due diligence.

     

    “Until then, information had been

     

    limited to what was made available

     

    in the internet data room and

     

    questions addressed to the

     

    administrators and their staff.

     

    “In addition, I had preliminary

     

    discussions with the Scottish

     

    Footballing Authorities and limited

     

    discussions with Ally McCoist.

     

    “Upon being named preferred bidder,

     

    discussions with Rangers staff started

     

    and discussions with all interested

     

    parties intensified.

     

    “We continued to work through the

     

    holiday weekend in order to meet a

     

    very compressed schedule.

     

    “By late Monday night, it became

     

    clear to me that preliminary

     

    information, discussions and analysis

     

    were, unfortunately, more optimistic

     

    than reality.

     

    “Having no intention of negatively

     

    affecting the potential outcome of the

     

    club’s future and after hearing the

     

    message from Rangers supporters and

     

    fans loud and clear (“Yank go

     

    home!”), I notified the administrators

     

    today that I have withdrawn my bid

     

    for Rangers and will not be moving

     

    forward.

     

    “I am deeply disappointed as I had

     

    considered the opportunity to bid for

     

    one of the most historic football clubs

     

    in the world, an honor and a

     

    privilege.

     

    “I wish Rangers fans, supporters and

     

    employees my very best. I hope all

     

    your dreams and wishes come true.

     

    You certainly deserve it.

     

    “I am most disappointed that I won’t

     

    have the opportunity to walk into

     

    Ibrox Stadium on the day of an Old

     

    Firm match as my friends tell me the

     

    hair on my arm will stand up and I

     

    will never witness such passion and

     

    spirit at any sporting event.

     

    “God Speed, Rangers!”

  20. So D&P wanted the meeting yesterday put back….

     

    now we know why.

     

     

    Wonder where all this will end????

  21. ¡ǝsoɥ ǝɥʇ ǝɯ ssɐd ‘sʞɔıʞ ʎןɟ ɥbnouǝ (o) /o\ z ʍoɹ on

    Tonka Toys now on FF banned list………………

     

     

    HH

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