Today is one of the most significant days for the future of Rangers as Duff and Phelps legal challenge to Ticketus ownership of around £40m of tickets over the next three seasons plays out. Should Ticketus retain ownership of the tickets it considerably inhibits the phoenix scenarios Duff and Phelps are able to profile as they look to sell the club.
BBC Scotland’s business and economy editor, Douglas Fraser, Tweeted this afternoon that Duff and Phelps asked the court for permission to breach the agreement with Ticketus as it acts as an inhibitor to attracting potential bids for the club. Fraser also notes that there is little precedent for such a breach and that the Blue Knights consortium have been able to construct a deal recognising Ticketus’ rights.
I heard earlier today that Craig Whyte is particularly distressed at some of the derogatory comments fired his way this week, a few of which he feels are unjustified. The media are already speculating on what could happen to Mr Whyte in the event that police inquiries lead to a report being made to the crown office.
I understand supporters of Mr Whyte, who has maintained a dignified silence on many aspects of the deal, are curious as to why the person who led him to Ticketus has not revealed his involvement. I hear that early last year when Whyte privately revealed he was unable to pull enough funds together to complete the takeover, he was told:
“Why don’t you speak to a company called Ticketus? They are very helpful for this kind of thing.”
Having never worked in the football business, Whyte had never heard of Ticketus. When I heard who this was I laughed and laughed and laughed. I’m still laughing. This is the story that just keeps on giving. My source is not for going on the record, so discretion is the better part of valour on this one, but if Mr Whyte ever gets to the witness box, get yourself a front row seat.
The Daily Record today suggested Mr Whyte could end up in jail over this business. I wonder if he’ll be the only one.
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Dublinbhoy
Ha-the wife’s hair lacquer on a dark cold winters morning :-)
Billy’s Bhoy – LOL (thumbsup)
I thought the SFA had already charged them with bringing the game into disrepute? Or was that the SPL?
http://www.scottishfa.co.uk/scottish_fa_news.cfm?page=721&newsCategoryID=1&newsID=9495
fill yir waders
Doc
They haven’t been found guilty yet, don’t hold your breath :>)))
ASonOfDan on 15 March, 2012 at 15:13 said:
I am a Celtic Supporter, I spend my money to watch Celtic!
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I’m not sure how to break this to you but the other team on the park playing in different colours, defending their goal and having the audacity to attack Celtic’s are there for a purpose.
To give you a Celtic to watch.
Without them you might as well do the Celtic Park tour every Saturday and admire the history.
This gives smaller clubs a wee bit of a negotiating advantage, especially if they gang up on us, so, much as it upsets you, we have to listen.
In days before TV, geography determined club size via the numbers close enough to come through the gate. Although TV income has destroyed that model elsewhere, the relatively small amount involved in the TV deal means it still applies to an extent in Scotland.
For the initial logical reasons set out, I have no problem with the principle of greater sharing. My worry (and I’m sure Celtic’s) is what will the opposition do with that extra cash to improve their standard as opposed to paying more to the same level of player? A50/50 share would lead to an overall dumbing down, with Celtic having as much chance of making any progress in Europe as say Hearts have now.
On the other hand the SPL clubs need to recognise that what keeps up the Celtic gate that they want a bite of , is not only that a winning team is turned out but the standard of play is acceptable.
Football is a perfect model of interdependence, everything effects everything else, just like life really.
Get it wrong and the whole construct is damaged or dies.
Guys is it just me or is this beginning to feel like one of those timmy conspiracy things that they keep going on about?
I think someone in the SFA has got the wires extremely crossed. I suspect there will be EGM happening all over Scotland next week at the ludges.
Dublinbhoy on 15 March, 2012 at 17:37 said:
I think I’ll put an offer in, £1 last year, they must have gone down in value, surely, so 25p sounds fair. Then I’ll just liquidate them, be quicker, same result as any other buyer.
How do you expel ole Googly when he owns the club? Similarly you can’t quash the Ticketus deal otherwise we’re back to Lloyds putting them straight into liquidation where they should be.
But wait…..,,
bournesouprecipe on 15 March, 2012 at 17:38 said:
Now that would make the hairs stand up on end (but not much else though) :)
Hail Hail
Paul67
I wondered how long it would be before that thought emerged in print. Has to have got beyond the hmmmm stage I imagine?
Wasn’t their a clause in the contract of sale that Whyte and SDM couldn’t publicly criticize each other?
I wonder….
Neil Lennon @OfficialNeil Reply Retweet Favorite · Open
Press conf tomorrow but i wont be speaking to the BBC or a certain newspaper until i get a retraction from both
In the meantime…
http://www.youtube.com/watch?v=1pDk75Y1SZ4
Bhoy67 on 15 March, 2012 at 17:02 said:
Do you mean the kind that came from that sweetie that was too good to hurry? :)
TET,
True, but I have to say I encouraged they have been charged, I thought the SFA would wait for Hector.
Good results from the timbhoy in Spain tips btw:-)
for the hard of hearing here’s the sign version,,,,,,
Notices of Complaint issued
Thursday, 15 March 2012
The following Notices of Complaint have been issued by the Compliance Officer:
Issued to: Rangers FC
Dates: 6th May 2011 to 6 March 2012
Disciplinary Rule(s) allegedly breached: Rules 1, 2, 14, 66 and 71
Principal Hearing Date: Thursday, 29th March 2012
Issued to: Craig Whyte, Director, Rangers FC
Dates: 6th May 2011 to 6 March 2012
Disciplinary Rule(s) allegedly breached: Rules 66 and 71
Principal Hearing Date: Thursday, 29th March 2012
Rule 1 (b): All members shall:
(b) be subject to and comply with the Articles and any statutes, regulations, directives, codes, decisions and International Match Calendar promulgated by the Board, the Professional Game Board, the Non Professional Game Board, the Judicial Panel, a Committee or sub-committee, FIFA, UEFA or the Court of Arbitration for Sport;
Rule 2: Each member shall procure that its officials, its Team Staff and its players act in accordance with Rule 1.
Rule 14 (g): Full membership or associate membership may be suspended or terminated, or a fine may be issued, in any of the following circumstances:-
(g) where a full member or an associate member suffers or is subject to an insolvency event.
Rule 66: No recognised football body, club, official, Team Official or other member of Team Staff, player, referee, or other person under the jurisdiction of the Scottish FA shall bring the game into disrepute.
Rule 71: A recognised football body, club, official, Team Official, other member of Team Staff, player or other person under the jurisdiction of the Scottish FA shall, at all times, act in the best interests of Association Football and shall not act in any manner which is improper.
Doc is Neil Lennon on 15 March, 2012 at 17:40 said:Doc is Neil Lennon on 15 March, 2012 at 17:40 said:
You’re being very generous..25p is about 25 times their real worth!
Hail Hail
The Celtic Network
Rangers Fighting Fund – We Are The Paypal
Uncategorized Add comments .Mar 15
2012.
Has anyone considered this?
If all Celtic fans (or anyone that doesn’t like Rangers) with a Paypal account were to send them 1p it would cost them 20p +3.5% (approx) in order to receive it.
Now they can’t get around these fees by claiming they are a charity, as they are not, they also can’t claim it’s personal money, as again, it’s not.
The money, as it is being used to fund a business, is also taxable and would need to be declared.
They could of course refund payments they feel are not of a “viable” amount, but can you imagine the admin’ time needed if this was done en-masse?
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Posted this earlier but I think the link broke.
Auldheid
While I admire your sence of fairness re the gate money split, I disagree with you wholeheartedley, in fact I disagree violently :>)
The gang of 10 or whatever have over the years gradually watched the demise of their own teams, and we all know who’s fault that is,
NOT A SINGLE ONE has had the baws to stand up to them and the sfa, not a single one, and now when the hun are on their knees they see an oportunity to bring us down as well.
We are scottish football, not the gang of 10-12, they have their chance and have blown it, hell mend them.
Dublinbhoy on 15 March, 2012 at 17:44 said:
That’s just the type of generous ghuy I am.
I’d even pay the VAT on it for them.
Billy Bibbit ? Wuh,wuh,wuh, tick,wuh,wuh,ticket,wah,wah ticketus ?
Being a charitable guy I am thinking of contributing some money to unfortunate clowns- and thats not MR and MRS custard. Does anyone know the link to the begging bowl of the “gallant pioneers”, as I think I may contribute 1p to their (in)fighting fund
bournesouprecipe on 15 March, 2012 at 17:08 said:
“The ole accidental stinging blast of Lynx deodorant, in the nether regions fair helps burn up the yardage on the walk to the station home from work.”
I remember one particularly cold morning a guy in our school football team smeared some Deep Heat on the ole plums – he never left the dressing room until just before half-time.
We still hadn’t stopped laughing at that stage…
Doc
I am as shocked as the next Tim that they have been charged, but cast your mind back to Farry, he was found not guilty twice by the sfa, they have a track record I fear, even in the recent past, letting bugera and the like off with a slap on the wrist.
Regan is one man swimming against the tide that imo has swallowed him up sad to say, but I can but hope.
Aye yer mans tips were on the button, did a few ew and big buck’s saved the day for me, I had a few other tips that are still running..
jimtim on 15 March, 2012 at 16:06 said:
Yup but only because the SFA will have to act. Once it goes outside Scotand history shows we get action.
UEFA banned TBBs
The Irish Govt Questioned TFS.
Your doubt is based on this being a Scottosh only matter, HMRC is a UK reserve not Scotland. As an ex Civil Servant my experience was things were played down the middle and the rule of law was paramount.
Latest
http://blogs.channel4.com/alex-thomsons-view/
whitedoghunch on 15 March, 2012 at 16:38:
You got the same phone number? If not e-mail me lennybhoycfc@gmail.com
Keep the Faith!
Hail Hail!
whitedoghunch on 15 March, 2012 at 16:38:
You got the same phone number? If not e-mail me lennybhoycfc@gmail.com and I’ll send you my number,
Keep the Faith!
Hail Hail!
O.G.Rafferty on 15 March, 2012 at 16:50 said:
‘So was due diligence carried out upon Mr Whyte? Undeniably fertile ground in which to dig .That is something Robert, and surely other fans across the country could agree upon?
On that, as on so many other aspects of Ibrox, much more will no doubt come out in the days and weeks to come.
For now, I’ll get this out, say thanks to all Rangers fans for helping me out when you’ve all got better thngs to be doing, and book my Easyjet passage back to Glasgow for next week – watch this space…
========================
Are you? http://blogs.channel4.com/alex-thomsons-view/rangers-fans/942
Thanks to Timbhoy fot the Cheltenham tips last night. You know your stuff! will you be covering the final day later?
paulsatim is neil lennon,18:01
merely a messenger…
When I earlier today quoted Marc Antony, I did not expect an even more famous Shakespeare quotation to prove so apposite.
BEWARE THE IDES OF MARCH.
God-Son’s Confirmation to go to…
Until we meet again…
Keep the Faith!
Hail Hail!
O.G.Rafferty on 15 March, 2012 at 18:05 said:
keep them messages coming!!
TET,
I know what you mean about the Farry debacle, but the whole world is watching them this time, no hiding place this time.
So why the SFA charges? Which part of the multitude of sins has brought the game into disrepute?
If they are talking about shared gates … The orcs will be finished!!
After all ticketus own the majority but the orcs will still need tipsy dividends to the wee teams on those aswell even though they don’t make money on them !!!!