None of you will be surprised at today’s opinion from the Court of Session in Edinburgh that Rangers’ deal with Ticketus cannot be set aside, despite some absolutely pitiful reporting to the contrary. It’s fine to get things wrong every now and then, we all get Duff information on occasion, but please….
It’s worth recording, Ticketus may only have paid £20m + vat but the tickets they own are worth in the region of £40m. High risk investments require a high return.
Rangers’ administrators argued that the deal inhibited their ability to rescue the company but the heroic Blue Knights submitted a bid accommodating Ticketus, undermining the administrators’ argument. If only the Blue Knights were in a position to strike a deal with Craig Whyte they could be regarded as helping the situation instead of being hapless fools.
Next up is HMRC, who have not capitulated and agreed to accept a few pennies in the pound. They have not agreed to accept anything less than all monies owed. Soon after that we will hear that no court has been able to set aside Craig Whyte’s security over Ibrox. The most underappreciated man no longer in Scotland remains the only person with a reasonable chance of phoenix-ing Rangers.
The first 26,000 (approx.) tickets sold to each Rangers game for the next three years are owned by Ticketus. In the event a phoenix occurs, Rangers will have to revert back to budgets from their glory days of the 1950s – we will soon be told this is a great omen.
If you are going to Ibrox on Sunday, take care and enjoy your visit. Take photographs of the occasion and send them in, we’ll perhaps use them on a future edition of CQN Magazine. It may prove to be the end of an era.
If you’ve not read the article below, about one of Jinky’s great performances, do so now.
Issue 7 of CQN Magazine is out now! Go to the dedicated magazine site here to read it properly (which you’ll not be able to do below).
Thanks to everyone who has bought a hard copies of the magazine, it looks like the sold out sign will go up again. Order your copy for delivery by clicking on the link below for news and views from Celtic supporters.
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Good Crief?
TET
Do you know these lunatics ?
Aye, Gordon, guilty as charged
G64
Get upto speed man!
TR / GR / BR / JR / SR & IR….eh?
BR
Spot on.
petec – Thank you sir, but I fear I am to YouTube what Alan Partridge is to East Anglian regional radio:
http://www.youtube.com/watch?v=-1pMMIe4hb4 (thumbsup)
Bobby,excellent my man,had tears rolling down my cheeks
Lubo last night,The Maestro tonight,wonder what the hun equivalent to that is?
First scorer on Sunday – Big Victor.
http://www.youtube.com/watch?v=-GW8Q7ehxo4
I can confirm that Emu is Tony Shepherd
Gordon
F.O, Ya capitalist b`stards
ring any bells?
Paul 67 should change the name
of the blog to R Bros Rule OK.
HH
Babasonic
Iain Urquhart and John Greig
Luv u all guys.
SMB
He ended up about 200 miles away, took them a few hours to sort it, but as long as he is the navigator, I hope he gets it right on sunday……..
BobbyR
No, I do not live on the continent, my cave is in the mountains, a way away from the continent, the continent is somewhere else, the continent is where the huns live, this is a hun free mountain range, are we clear :>)))
Gordon64,you and me on the blog at the same time gets confusing,canny work out if Bobby russell is answering you or me now
70s funk tune for the Laptop Loyal
http://www.youtube.com/watch?v=FgDmQo2FRXs
The Boss – Bring em’ home.
Without doubt the most mentalist Celtic
supporting family in the the world.
HH
The problem here is that Paul67 never calls closin time.
Legs be moving outside PULEASE.
This is NOT an all night drinkin den.
70s funk tune for the Ibrox janny
http://www.youtube.com/watch?v=BdpGkCTwEhk
And now for something completely different…………….
http://www.youtube.com/watch?v=Ojpy8yYTU6w
philvisreturns 00:24
I think just about every comment I read from your Good self I have a wee chuckle.
Paul67, our esteemed host, praised his Creator (his Dad) by saying he didn’t take life too seriously.
Ths Blog is Magnificent in so many ways.
We are ALL Celtic people.
The crap outwith will be dealt with.
Joe Strummer doing his bit for the cause
http://www.youtube.com/watch?v=AqzGM2ygcmg&feature=fvwrel
Night bhoys, been an education as always.
God bless Timland
HH
KTF
Gordybhoy 64 , I was answering both of you, but not to the same questions. That would be difficult, nay, impossible, you didn`t ask the same questions. Although had you asked if I was very extremely handsome and Gordon64 had asked if I liked Guinness, Chips, Rangers*, Henrik Larsson, Michelle Pfeiffer and holidaying in the Maldives I would have answeres `yes` to both of you.
* (exception applies)
TET
How r you mi amigo ?
You didn’t tell me you were
acquainted with the R family.
Take care pal.
90 mins… Plus 20 before game / 15 at half time / 15 at full time…..
It’s no really enough time tae get aw the songs in…is it?
HH
YNWA
Who’s that comin over the hill…is it the tax man?
We’ll meet again
Rangers til July
Bye Bye Rangers
Celtic symphony…ooh ah Samaras
Havin a party plus 4 verses
C’mon you boys in green
Victor Wanyama
It’s Charlie Mulgrew
Let’s all do the Broonie
Doin the huddle when Ragers die
Celtic Celtic that’s the team for me
Have I missed any?
Henrik Larsson and Michelle Pfeiffer are worthy of mention in the same sentence….as long as she works on her toner and moisturiser.
BABASONICOS71
============
Belated birthday wishes, you share the same date as my good lady up here in the good ole Port.
HH
BobbyRussell on 24 March, 2012 at 00:26 said:
Babasonic
Iain Urquhart and John Greig
~~~~~~~~~~~~~~~~~~~
Ah,the huns Zidane and Thuram?!?! ;-)
Fortunes Favour Mibbes – Sometimes, nae, often, you take the 80s thing too far.
I apologise. Consider this is my act of penance:
http://www.youtube.com/watch?v=7CRZVgLf028&feature=related (thumbsup)
Fortunes Favour Mibbes 00:31
Thats a Privilege.
Fortunes Favour Mibbes on 24 March, 2012 at 00:31 said:
The problem here is that Paul67 never calls closin time.
Legs be moving outside PULEASE
I did as I was told now I can`t read this as I`m outside and my keyboard is inside. Can I go back in and type this? And i`m cold.
Bobby
Thanks for the friendship.
You and and the bros are quality.
Jeezo, I have just opened a bottle that I didn’t give a notion to, and bluddy hell, it’s amazing stuff, as cheap as chips, 2.50 ish, never tasted a better one for a while.
Sorry but Aldi again.
It’s a Vino De La Tierra De Castilla, called Calle Mayor, feckin amazin stuff btw.
Bobby russell,thanks for clearing that up ,i can rest easy now
knowing the confusion was in my own head only,regarding your likes,am not sure michelle pfeiffer deserves a place in such esteemed company,
SMB, You forgot to include this one
http://www.youtube.com/watch?v=kyFyAqLtHq8
Stolen from KDS
a direction as to the legal nature of the rights which the agreements confer on Ticketus in respect of (i) the Company’s Stadium, and (ii) the proceeds of future sales of season tickets for that Stadium;”
and
“a direction as to the legal test which is to be applied by [the] administrators or by the court in determining whether those administrators can be prevented from causing the company to terminate the agreements, albeit in breach of their terms.”
or in short or slightly plainer English
1..what type of contract is it?
2..can we break it and get away with it.
the first thing to note is that D and P are making no attempt to say that this deal is “null and void” or can be overturned or is fraudulent….despite the crap spouted by the media poodles up here for weeks…(yes Keith…I’m looking at you!!)
his answer to the first question…it’s a valid and enforceable personal contract under Scots law…and Ticketus are entitled in terms of that contarct to get whatever Rangers collect for the relevant season tickets over the next 3 years..in other words, if the current Rangers continue to exist then they will be handing over a substantial wodge of cash every year for the next three to Ticketus…
the second question….he basically says….it’s up to you….I’m definitely not saying that you can…you’re the administrators…you need to decide if ripping it up and stiffing Ticketus is in the best interests of all creditors…if you want to rip up this deal and tell Ticketus that they’re singing for their cash, then expect them to be running back to either this court or an English one and suing your backside off…and that litigation will be very long, very expensive and impossible to predict and might even render D and P themselves liable to Ticketus!!!
I can see why both sides are claiming “victory”…but it strikes me that D and P are not brave enough to breach this deal and render themselves potentially liable…
I think it makes liquidation more likely…the only alternate is a sale that involves Ticketus being involved and recouping their dosh in some other way…if that happens then the continuing Rangers will be utterly hobbled financially for years…
the judgement is also filled with comments that make me think that there will be significant further court time arising from this matter!!
if they liquidate then Ticketus will be in line with other creditors…and Rangers will not exist…
and remember…none of the above deals with the big tax case..
nor Whyte’s “security”
nor the case next week in London re the £3.6 million in Collyer Bristow’s account
nor Bain’s unfair dismisssal
nor the £15 mill owe to HMRC for the last ten months PAYE/VAT/NI
so..in short…they still seem completely gubbed to me unless there is that very stupid billionaire out there
HH
CRC