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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My dear,dear,dear,friend.. The Singing Detective
Hiya,palomine?
How are things?
Guid? That’s Nice.
Ah did hiv a Bout wi ‘ a Surgeon.. it wiz Nasty..
Ah wiz knocked oot..in the Foist Round!
Ah canny tell ye whit he did.. tae me.. But, whitevah it wiz..
He done Good!.. fur a Am noo feelin’ Mighty Fine and Ma Fettle is in Toap Shape!
…and Like Ah done told ye..
Ah kin Noo Play the Violin!
Funny thing.. but it’s a Fact!
( Don’t listen tae him.. He Always could Play the Violin..ed)( There ye go again, Spilin’ Ma Jokes.. yer Joab is Hingin by a Thread!)
Kojo.
Yer pal..who thinks ye ‘re swell .
Still, Laughin… airm and airm wi’ Li’l Audrey.
Ernie:
Just in from walking the dog in Calderglen.
“Parochialism” & Literature is oxymoronic. All you can do is write about what you know. Thoreau said the wise man stays at home: he rarely travelled beyond his native Concord. What of Emily Dickinson: was she “parochial” about her house in Amherst? Indeed Faulkner is the most local of all great writers. Yet where others read parochial I say local- it elevates the particular to the universal. Transforming this temporary lodging into a mansion of eternity by the power of their words. “A poet hopes to be, like some valley cheese, local, but prized elsewhere”, as Auden said. That is what Burns does at his best. Knut Hamsun is the archetypal Norwegian. Yeats is incorrigibly Irish. Tagore could be nothing other than Indian. Its what makes them all unique & great- the capacity to mirror their national identity & hold it up to the immortal light. For to ignore nationality, the context of a work or the life of the artist is the aproach of the formalist critic: they believe such essentials are irrelevant to the meaning of a text. People like I.A Richards & the New Criticism eventually leads to the deconstructionism of Derrida- its like taking a fly apart & wondering why it no longer flies.
Moscow, East Ayrshire KA4
UK
&
California, Falkirk FK1
UK
weeminger on 31 May, 2012 at 16:26
I would guess that they would do it anyway because they are the peepul, then they will argue there case when it comes up on the basis that they are the peepul, we need them more than they need us and therefore can do what they want when they want.
Nothing they do or say surprises me, normal logic imo doesn’t apply to that lot.
Ha, my misses’ parents live in Moscow!… I stay there sometimes when I travel up for games! Small world HH
!!Bada Bing!! –
The 3 figues shown were the Area, the total seats in that Area, the number of tickets sold. The information is in the public domain that is the online ticket site. If you hover your mouse over a particular section, the figures appear briefly. Adding each section up took all my fingers and toes mind..
Skies looking very dark on the horizon so think I better run now or never…
Jobo
Vmhan on 31 May, 2012 at 18:27 said:
>>>
Believe me,it’s not like Brigadoon or anything..! It’s on a back road/short cut on the main A road between Killie and Glasgow….it cuts off from the road from through The Irvine Valley near Galston and takes you up to the main road,thus avoiding Killie.
It’s decades since I was round that way. Nice in the sunhine…dismal in the rain.
Apologies to anyone living round that way.
HH!
Eldiego bhoy
Thanks for info will re search
Gotta Go..
Seeya, Awe You Good Guys.. and awe The Bad Yins.. as Well.
You Know Who ye ur!!
Kojo
Still, Laughin’
I envy people who have lived in one place forever and whose physical horizons are close to home. A wonderful sense of ‘belonging’.
I’ll stop there. I don’t want to get all sentimental!
HH!
whitecrook tim on 31 May, 2012 at 18:35 said:
Eldiego bhoy
Thanks for info will re search
Thought all the posh people lived Balloch????;
Jobo-Cheers.
Any budding medics oot there with guid tips for easing the pain of shin splints?? In agony here. Cmon….auld wives tales, witches brews, I am prepared to try anything.
Miki67:
Moscow is in East Ayrshire. There is a burn called the “Volga” running through the village of 140 or so souls. A forest to the north called “little Russia”. In the 1980s a delegate of Soviet dignitaries stopped in the village to see the “other Moscow”. In the Trashcan Sinatras album “I’ve seen Everything” there is a great track called Hayfever, with the line: “what’s the problem, Moscows in Ayrshire?”
strangebuttrueCSC
Miki67 – Goes to show their financial doping had greater implications beyond just depriving other teams of titles. If i was a member of HM Armed Forces and it was in black and whyte then i wouldn’t be too happy in the least!
did I just hear Kojo talking to himself again!!
Another excellent and humorous submission by Aberdeen-supporting Rev. Stuart Campbell on the steadily worsening plight of the G.A…….
Rangers and the Kaleidoscope of Doom.
The photo-image of the ‘Emotional McMoisty’ is definitely one for the scrapbook…..
All in Romania right now and stories here is we have friendlies at home against Dinamo Bucharest, who also play Motherwell, any news on the dates
How The Scots Invented the Modern World
http://www.amazon.com/How-Scots-Invented-Modern-World/dp/0609809997
How the Irish Saved Civilization
http://www.amazon.com/Irish-Saved-Civilization-Hinges-History/dp/0385418493/ref=pd_sim_b_2
wonkyradar on 31 May, 2012 at 18:31 said:
Wonky,
may I just say, whilst I have an enthusiastic rush, and before the default cynicism kicks in, that I think thats a crackin post and very erudite response. Posts like that elevate the blog.
As a comment… can’t disagree with any of that, but would add that we – as a species – have an unwarranted tendency to implicitly transfer the achievements of others, in the national context, to ourselves; or ourselves as the “national” heirs. These were individuals who achieved through their own gifts and endeavours – we should strive to do the same, but we can’t lay claim to them.
Anyway… respect
googybhoy ♥ Celtic and the Lisbon Lions on 31 May, 2012 at 17:07 said:
whitecrook tim on 31 May, 2012 at 17:03 said:
good afternoon cqn
Being an educated Clydebank boy,am i living among a lot of Jelly eaters,mind you the wifes from Renton.
Mr Miller I Believe will be retiring from Bonhill soon,Seemingly a Celtic Minister of the C O S
…………
Oh no you said Jelly not jeely…….my cousin Tontinetim will be all over you like a rash……
:):):):):):):):):):):):)
*aye and he also said “Renton” and not “The Renton” or Rantin as we called it.
I once had a lemon curd fae Whitecrook who hated the word Rantin.
miki 67
There is also a California in Norfolk(where I now live)
I lived in Bournemouth for 23 years, till 2005, so if you ever went to the Bournemouth Shamrock I’m sure our paths must have crossed.
HH
Tennessee Tim on 31 May, 2012 at 18:47 said:
How The Scots Invented the Modern World
http://www.amazon.com/How-Scots-Invented-Modern-World/dp/0609809997
How the Irish Saved Civilization
http://www.amazon.com/Irish-Saved-Civilization-Hinges-History/dp/0385418493/ref=pd_sim_b_2
*read both and they’re excellent
VMHAN
Moscow is near Britain’s only GOWF club,Loudoun.
This page has it on a map-you can zoom in and out on it to get your bearings.
http://www.192.com/places/search/?location=moscow%2Cayrshire&submitBtn=Search
Neil Doncaster: “We can’t prosecute the Rangers fans for singing sectarian songs against Kilmarnock (remember that wan)…because there could be a season ticket holder among them who is like Mother Theresa…we cannot punish the innocent for the crimes of others.”
moralrelativismCSC
I realised today that it’s Doncasters hair cut that makes me distrust him more.. It’s strange.. There s just something about it..
Green… A bit like – if your house up for sale and a viewer, being allowed to affect plans, extensions etc..
What was he doing being allowed such prominence..
I hear his backers are melting into the ground…
eldiego bhoy
the rough Whitecrook up bringing
googybhoy
Yep. They also think that:o)
B.t.w. the Haldane has changed a great deal in recent years as you may know.
BTW,it’s not far from a wee village called WATERSIDE,where a wee mate of mine down here came from originally.
We made a good few bob backing a sprinter of that name a few years back…..
I remember the Covenanters (Covies) what a night
Here’s another:
Born Fighting – How the Scots-Irish Shaped America
http://www.amazon.com/Born-Fighting-Scots-Irish-Shaped-America/dp/0767916883
just watched thon mug donkycaster jabbing on and on and on what a clown, give me strengh wot chance do we have with him in “control”
Had I the heaven’s embroidered cloth…
Tread softly for you tread ony dreams
Or
My brother Mourteen is worn out skelping his great big brawling lout…
And I am running to Paradise
Or
A terrible beauty is born…
Bill Yeats a poet twoice the size as William Shakespeare, or so they say, down Ballywullyuchin way …
HH
M
Response to Court of Session ruling
Thursday, 31 May 2012
Stewart Regan, Scottish FA Chief Executive:
“In light of Tuesday’s decision by Lord Glennie at the Court of Session, it is necessary to clarify the position of the Scottish FA in relation to the disciplinary sanctions imposed on Rangers FC.
“Football must always operate within the law of the land. None the less, it is regrettable that a member club has sought recourse for a football disciplinary matter through increasingly costly civil court action.
“The right of appeal is now open to the Scottish FA through the Court of Session. However, by so doing, the very principles on which the Scottish FA – and, for that matter, UEFA and FIFA – are founded, namely football disciplinary matters being dealt with within its own jurisdiction, would be fundamentally compromised.
“Therefore, it is our intention to accede to Lord Glennie’s request and refer the matter back to the Appellate Tribunal, which will consider the remaining sanctions open to it. Details of a new hearing date will be confirmed in early course.
“The Scottish FA is bound – as are all other decision-making bodies in this country – by the Supervisory Jurisdiction of the court under Scots Law. The Scottish FA’s Senior Counsel represented to the Court of Session that it had no jurisdiction with reference to Article 5.1(b) and (c) of the Scottish FA’s Articles and Articles 4(2), 62(1), 63(1), 63(2) and 64(2) of the FIFA Statutes. This representation was rejected by Lord Glennie, who considered that the provisions of the FIFA statutes and the provisions of the Scottish FA Articles did not oust the supervisory jurisdiction of the courts to deal with questions of the powers open to the tribunal.
“It is important to reiterate that the additional sanction of a registration embargo was imposed by an independent Judicial Panel chaired by a leading QC, Gary Allan, and upheld by an Appellate Tribunal chaired by a Supreme Court Judge, Lord Carloway.
“That in itself vindicates the robustness of the Judicial Panel Protocol, which has been questioned in hackneyed comment in certain quarters this week. It should be noted that two vastly experienced Supreme Court Judges, Lord Carloway and Lord Glennie, arrived at diametrically opposed viewpoints on the same issue.
“With our Annual General Meeting taking place on Wednesday, June 6, it will be appropriate to remind member clubs that by very dint of their membership of the Scottish FA, they accept and abide by the Articles of Association.”
wits goin on man
http://www.bbc.co.uk/sport/0/football/18270735
wonkyradar :great info! I like Trashcan Sinatras stuff though I only have a couple of tracks via compilations. Amazon here I come.
paolosboots: yes, I don’t like war (who does) but when young,mostly working class guys tryin’ to get a jump-start in life are getting maimed & destroyed for lack of lifesaving equipment,well….
For Rankers to hijack the army for their cause is sleekit hypocrisy of the worst kind.
dannysbeard : we must’ve done! That was one great wee csc….right inside The Pokesdown Train Station….I was pure gutted when it got sold off…the csc down here has been a bit chaotic since then. I’d like to see it properly re-formed and I’d be more than willing to play an active part in that.
Regan – he ran
tomthelennytim on 31 May, 2012 at 19:04 said:
>>>
cat on a hot tin roof passin’ the hot potato