Much of the response from Duff and Phelps to last night’s revelations by Mark Daly on the BBC website centred around their fees. BBC revealed that partner, David Grier, emailed Craig Whyte to say, “We propose to cap our fees in respect of an (sic) CVA or Administration to £500k, however, we request the ability to discuss with you an additional payment in respect of our total time costs, in so far as this does not impact on your position.”
Contracting to cap fees at £500k when you subsequently bill creditors £3.5m for your own time plus £2m legal costs would embarrass many of us, though not everyone. Duff and Phelps added a caveat that they could discuss additional payment as long as it did not impact on Craig Whyte’s position, which they perhaps did.
The more interesting part of the exchange between Whyte and Greir is their preparation for “HMRC being hostile”.
Craig Whyte:
“I’d like to speak to David [Whitehouse] and Paul [Clark] to make sure that they’re comfortable with the fact that we might end up with HMRC being hostile (I suspect this will end up being the case so you should go into it with your eyes open)”
David Grier:
“Agreed.”
It is fascinating to wonder how comfortable Mr Whitehouse and Mr Clark were with Craig Whyte’s plans in the event HMRC were hostile. HMRC are Rangers largest creditors. Administrators run the company in the interests of the creditors, not the shareholders.
Three days after this email exchange Rangers went to court to insist Duff and Phelps were appointed administrators instead of an appointment by HMRC.
Last week Duff and Phelps denied they have a conflict of interest concerning this administration. They are currently negotiating a CVA with HMRC and other creditors.
E-lites are opening a concession on the first floor of Buchanan Galleries tomorrow. They are giving away a free copy of CQN Magazine to customers throughout June, while stocks last.
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Monaghan1900 on 31 May, 2012 at 17:42 said:
He is, it’s all over Twitter now, Ghandi/Doncaster quotes, some of them are very funny..
He is a walking talking Choob..
Any guesses who said:
“…when I came to apply for the post … I had a strong sense of self-belief; I knew I could do that job. I knew that I was a resourceful and multitalented manager, capable of working at the highest level, in all areas of the role from finance to handling the media.”
Richie
I wanted a laugh.
I think they may finally be rallying together over on FF.
Be vey afraid :-)
two2tango
True Blue Join Date: 31-07-2006
Posts: 14,100
I actually think the whole of scotland thinks we are bluffing
——————————————————————————–
chairmen after chairmen
fan after fan
pundit after pundit
all out to put the boot in
the away boycott must be held up and backed by the club the fans reps even ex players
we need to flex our muscles again and show these bastards how much power we actually have.
a coordinated boycott of all sfa sponsors again
another match on hampden
a demo at hampden while they are actually there regan et al
they seem to think we will take whatever they throw at us
time to stand together brothers
I wanted another laugh.
two2tango
True Blue Join Date: 31-07-2006
Posts: 14,100
I actually think the whole of scotland thinks we are bluffing
——————————————————————————–
chairmen after chairmen
fan after fan
pundit after pundit
all out to put the boot in
the away boycott must be held up and backed by the club the fans reps even ex players
we need to flex our muscles again and show these bastards how much power we actually have.
a coordinated boycott of all sfa sponsors again
another match on hampden
a demo at hampden while they are actually there regan et al
they seem to think we will take whatever they throw at us
time to stand together brothersinated boycott of all sfa sponsors again
another match on hampden
a demo at hampden while they are actually there regan et al
they seem to think we will take whatever they throw at us
time to stand together brothers
And I wanted another laugh.
two2tango
True Blue Join Date: 31-07-2006
Posts: 14,100
I actually think the whole of scotland thinks we are bluffing
——————————————————————————–
chairmen after chairmen
fan after fan
pundit after pundit
all out to put the boot in
the away boycott must be held up and backed by the club the fans reps even ex players
we need to flex our muscles again and show these bastards how much power we actually have.
a coordinated boycott of all sfa sponsors again
another match on hampden
a demo at hampden while they are actually there regan et al
they seem to think we will take whatever they throw at us
time to stand together brothers
Now I want tae cry!!!
H H
Bhoys and Ghirls, check out this nice wee article on an Aussie sports/pop culture site about Neil Lennon and his struggle against racism and sectarian abuse.
http://the-flack.com/2012/05/man-or-ball-the-challenges-of-lennon/
What’s Doncaster’s Me,Myself & Irene haircut all about?
Murdochbhoy 17.14
“Freedom is of more importance to an Irishman than any monetary value, you poor deluded Thatcherite clown.”
Is that why they are allowed to keep voting till they get the answer their new masters want to hear?
lorbobo on 31 May, 2012 at 17:41 said:
To be pedantic, Rentoners are not jeely eaters.
……..
Not another jeely eaters debate.
People from the Vale of Level.
Were.Renton not Jam eaters or was it Lemon Curd?????
Kilbowie Kelt on 31 May, 2012 at 17:43 said:
…………
You know there would be a queue of right, left and middle politicos who would gladly do that task.
MoneytalksCSC
Damn I’m sucked in now :>)
Hx2
Arty on 31 May, 2012 at 17:48 said:
>>>
How does one go about seeing what they’re saying on FF without signing up to their infestation of a site?
I visited the main page a couple if weeks ago and now I am rather unwell.
HH!
Vale of Leven….
starry plough on 31 May, 2012 at 17:46 said:
And this from the man who is eventually forced to “enquire” into a level of malfeasance never before seen in the game, informs all and sundry that the Huns’ administrators have been asked for certain information with a view to establishing whether or not there exists a prima facie case (should Shipman have been tried?) and waits nearly three months for them to provide the info. I wonder what they were doing meantime.
Nice evening on the Fylde coast, suns out, cider in hand and dr Hook on the radio…. Oh and CQN….
Hx2
Lampard out of EURO 2012
My Dear,Dear Ernie….
To be born Scottish is to have won The Lottery Ticket in Life….
Dontcha agree…?
You may wish to acquire an excellent publication by an American Professor of History on the subject of The Scottish Enlightenment.
It was reviewed in The Grauniad in 2002,by that unwashed leftie hippy,Irvine Welsh…..,but you probably missed it as it coincided with your rebellious DailyMailReading Phase ?
“Scottish Enlightenment:The Scots’ Invention of The Mordern World”,by Arthur Herman….The Story of How Europe’s Poorest Nation Created Our World and Everything In It….
The Scottish Enlightenment-Arthur Herman.
Amazing how much our stoic and perspicacious people contributed to the benefit of a largely ungrateful Humanity….including a cure for Scrofula..(which might be of personal interest to you?).
Admittedly,Arthur Herman is an unwashed Leftie (otherwise he wouldn’t get to be a History Professor)…however,it appears that he must have picked up a semblance of personal hygiene along the way…as he more recently produced a (grudgingly) nuanced biography of the Magnificent Colossus of the 20th Century,Senator Joe McCarthy…who repelled almost singlehandedly the first perfidious Marxist assault on The Land of The Free…,back in the Late ’40s.
Available on Amazon,”Joseph McCarthy:Reexamining the Life of America’s Most Valiant Senator”…(best read all the reviews on the site as some are penned by bitter foam-lipped lefties).
I’d expect you could pick up the books as a pair,at bargain price…
It would be an educational read also,for The Prime of Miss Jean SFTB,but I fear that she is a hopeless remedial case..
You’re Welcome…
celticdonnelly on 31 May, 2012 at 17:48 said:
>>>
Thank you for posting that.
HH!
Our CQN Gonzo let’s Donkeymaster have it!!
RanchoFranco @facekmt
Doncaster the last chancer Saloon bar alcoholic quotes Dicky Attenborough scripts in earnest plea a status in quid pro quo all SPL Bonuses.
I dread to think what manner of strangeness runs thru Doomcaster’s head on a regular basis.
How did it come to this!!
Shakes head wearily!!
Vale of Leven and politics…relevant to current topic.
The area is traditionally industrial, based particularly on the dyeing industry, but with the decline of manufacturing in Scotland has had to look to new areas for employment. The area had exceptionally high levels of unemployment in the 1920s and 1930s, which gave it a radical reputation, with Communism and Socialism being popular political philosophies in particular. During that time it was known as one of the “Little Moscows” in Britain i.e. an area where the Communist Party of Great Britain had exceptional strength. The Vale of Leven District Council (which disappeared in the local government reorganisation of the 1970s) could have had the distinction of being the only local council in Great Britain where the Communist Party were ever the largest single party, although unlike most of the “little Moscows” it was not a coal mining area. The Communist Party went into serious decline locally in the 1950s under the influence of the Cold War, more quickly than in some other “little Moscows”. However there was an important industrial struggle during the early 1970s when the Plessey factory experienced a lengthy sit-in, objecting to its proposed closure.
Up the Republic.
shout out to Mouldy67
who was visiting my office today, but I didnt have time to chat.
the fat bhoy slim sees the big fella looking healthy.
saint stivs on the other hand was chastised for falling by the wayside.
jellato and cerveza glutton that ive been.
celticdonnelly on 31 May, 2012 at 17:48 said
cheers for the link. Lenny is truly one amazing human being. In the olympic mental toughness event, he would be the Usain Bolt.
Tom Selleck CSC @TomSelleckCSC
“I only know the first two lines of ‘The Sash,’ because after that we’ve usually scored” – mahatma gandhi
We’ve got Mahatma Gandhi on the wing..
My Dear Kojo…
Do I understand from your postings that you have been discharged from hospital?
Excellent News,Mon Vielle !
I don’t wish to intrude on the precise nature of your exploratory op…but did they remove an Acutely Inflammed Dushanbe BillyBhoy…..?
Yer Pal….Who Thinks You’re The Cat’s Whiskers…..
celticdonnely
and again, cheers for posting that link, :-)
and apologies for missing “l” in your name
Hamilton Park races next Thu afternoon 7th June.
All welcome. Pay at gate….meet in bar!
Bunger Lamont, non jeely eater, communist councilor for the republic of Renton.
No worries lhads. That guy prefontaine has written two articles on that page about Scottish football I noticed. One slagging the Huns and one about Lennon. Clearly one of us.
Hail! Hail!
googybhoy I told you before came to the vale as an educated Whitecrook missionary who married a girl from Renton nobody told me about the Jeely eaters
on another subject an old Celtic player is Buried in Bonhill parish cemetery i believe any info.
The Singing Detective on 31 May, 2012 at 18:07 said:
My Dear Kojo…
Do I understand from your postings that you have been discharged from hospital?
Excellent News,Mon Vielle !
________________________
Mon Vielle ??
How did you discover his little secret ?
Good evening friends.
Anyone fancy a guess at how many more season tickets we’ve sold today?
Ach, I’m only kidding ;-)
A fine and pleasant evening in ole EK. To run or not to run, that is the question.
whitecrook tim
Google “Former Celtic player buried in Bonhill parish church cemetery” it should give you info on Neil McCallum.
I live in Bonhill.
Sp. ‘Vieil’ = ‘Old Bean’ (French)
Alternative view on Tax and apologies if i’m off topic
Fed up of hearing that Rankers have done no wrong in terms of “doin” HMRC and we have seen the figures in terms of public sector cutbacks etc, that should have brought it home to them how serious it has become unfortunately it hasn’t.
Here is a wee alternative in a currency they “might” understand, and I don’t want to get into politics of the armed forces etc etc but am putting myself in the position of being an average Joe and of serving/served in Afghanistan. I will have done my duty and seen things and maybe lost friends in very trying circumstances. I have now been feted at ibrokes, paraded in front of the fans and rightly or wrongly (“bear with me”) for my heroism and doing my job which has made me feel good and appreciated.
However, below is a sentiment from a well known inflatable, inflatable website and probably goes a long way in explaining what most of their fans think:
Quote: “Am proud of the powers that be in our Glorious club for doing this, lesser people would have bottled having the troops come out at this particular fixture. Its makes all true free people proud to see our troops come home from battle and the rangers support will make them feel on top of the world!
Well done Rangers FC for going ahead wilth this!Support our Armed Forces.”
Now I have enclosed a statement below which I researched online:
Quote: “The minister’s letter is dated 7 July 2009, the day trooper xxxxx, 20, died on foot patrol in Helmand after being hit by a hidden explosive device. Military figures say that lives are being lost in Afghanistan because troops have to travel by land, making them vulnerable to roadside bombs.”
These troops could have been better protected by using helicopters to provide air cover or for transporting them around the warzone.
So for £75M in UNPAID TAX this is what they could have had at their disposal:
HELICOPTERS
1) Lynx Wildcat – price £16m each, so would pay for nearly 5 state of the art military helicopters; carries up to 22 troops (Total 100+moved at one time)
2) Apache avg price £37m so 2 of the finest military helicopters in the world. (doesn’t carry troops)
3) Chinook £23m each so that’s 3 troop carrying multi-purpose. 33-55 troops (165 in total) (C4 News – only 20 chinooks available at one time so their tax default could have increased capacity by 15% which is huge)
4) Merlin £14m each so 5 could have been bought 24 seated or 45 standing up;(120-225 at the one time)
Combination of 2 chinooks and 2 merlin =£74m
FlightGlobal states that Britain has 30-35 helicopters in Afghanistan so if best case scenario this non payment of tax has had the effect of denying these troops and the country of 17% more capacity and operational ability to avoid IED devices etc.
ARMORED VEHICLES
Or alternatively the “Foxhound” armored vehicle that survives IED’s, £75m could have bought 83 of them which based on the order for 300 by the British Government would be 28% greater & alot more protection for soldiers on the ground.
I’m sure if given the decision of being paraded at ibrokes or a choice of the above based on my research what would you think they’d have chosen?
It looks like SDM wasn’t the only one to be duped!!!
jimtim
“how many would be on here tonight giving a toss about duff and duffer , the whyte knight , the blue knight . chic green . regan , doncaster, murray . ogilvie. dallas ,wiggy. kennedy , jeezo more names than the credits on the ten commandments .”
Sorry, but I would. I hope my love of football is important to my support of Celtic. Yes, Celtic is a family with wider objectives than merely winning football trophies, but its first priority as a football club must be football. Its other charitable and off field activities may be exceptional if not unique in football but given the finance other organisations could, and many do, carry out similar work. Therefore, for me it is imperative that football’s sporting standards are maintained and that is the greater issue in all of this current Scottish debacle. Celtic supporters have always held a universal view and have influence far beyond the walls of Parkhead (Carrow Road just a few days ago for example). Their horizons have always been broader than the mere boundaries of Glasgow’s East End.
By the way, I am also heartily sick of this whole circus but feel I must persevere in the hope that I can influence the outcome for the good of the game of football.
H H
googybhoy ♥ Celtic and the Lisbon Lions on 31 May, 2012 at 18:02 said:
>>>
there is actually a hamlet called ‘Moscow’ near Kilmarnock
HH!
uselessinformation csc
celticdonnelly on 31 May, 2012 at 17:48 said
…….
Cheers amigo, a good read and nice to see a perspective on the other side of planet earth, the muppet media in scotland, well they were part of the problem as they painted Lenny to be something akin to saddam or Gadafi, it was evil stuff from what should be an honest profession.
Oh I think the ciders kicking in :>)
Hx2
Jobo-Your ST stats,when you posted 645-611 for example,was the “645” figure the capacity for that area,or how many ST’s in that area were purchased last season?HH.
Miki67, I’ve been searching for that wee hamlet for donkeys years, it doesn’t come up via google search etc,
CQNwikipediaCSC
paolosboots on 31 May, 2012 at 18:22 said:
>>>
Oof….Puts it right intae perspective. I felt a chill run through me when I read that.