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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Jazz originated from Irish slang ?
Daniel Cassidy made the claim -etymologists queued up to demolish his claim..
Slavery ?
Graffito on the Nike store in Catania ——–
” Produced by slaves —– worn by slaves. “
Ernie – A decent book if you ever get a chance to read it – Five Points by Tyler Anbinder.It’s about the notorious district of New York,but contains interesting facts about the invention of tap dancing,and the fusion of African and Irish dance.
The Smallest CSC on 31 May, 2012 at 12:18 said:
You are a million % correct mate.
could it be possible that rangers actually have money stashed but cant use it cos they’re under the spotlight? dodgy monies i mean.
or is there a point-of-no-return where they decide just to spend as much money as they can cos they have no intention of paying it back ever…? past months or so i’ve had the impression that duff and phelps/craig/moonlegs want rangers liquidated so they can just write off all their problems and start again. like that business about not knowing fifa will bite them in the arse for going to the courts… who makes that kind of mistake? they also seem to be right up for suing everyone and all the legal fees/time that goes along with that… from a club in administration…. it doesnt make any sense…
Ernie
The link between metrical/Scots psalms and the development of Blues and jazz is well observed, but to lob the ‘Wee Frees’ in is a little misleading. The Wee darlings only discovered themselves in 1843.
I see Celtic_First beat me to it.
South Of Tunis on 31 May, 2012 at 12:28 said:
Fair enough mate.
TBB
Questions you won’t see on a Standard Grade RE paper any time soon (but probably should, for a laugh).
Which of the various groups of Wee Frees is your favourite, and why?
I see Celtic’s SB sales being discussed on RTC , anyone any idea how Rangers are doing?
“Which of the various groups of Wee Frees is your favourite, and why? ”
My favourite would be the one that my Grandad on my dad’s side was in, Celtic FC open to all….. por cierto
Por Cierto
Correct. Open to all, including people who find the Wee Frees funny.
Auld Neil Lennon heid
Have they even sent the renewals out yet?
so, any further chatter on Matt Mills, Markus Henrikson, fraser Forster, Craig Gordon or Bjorn Bergmann Sigurdarson?
I am a little concerned about the ST sales – i do not recal the club ever having to do the hard sell as this season. I suspect it is because they can then turn around and say something along the lines of – this is what we have achieved without Rangers being in the league… who knows.
Maybe Duff&Duffer could just offer everyone a Kit-Kat? Probably more valuable than the current offer…
Managers at Torbay Hospital are being accused of “insensitivity” after offering staff a Kit Kat each for winning a prestigious award.
The hospital was named acute healthcare organisation of the year in 2011 and about 20 of the hospital’s staff celebrated at the awards in London.
The GMB union said giving the 4,000 workers a biscuit “looks a bit cheap.”
Chief executive of Torbay Hospital Paula Vasco-Knight apologised to staff who were offended.
Gallagher 12.20 says:
Sorry about the misunderstanding,Gallagher.
My comments in relation to racism were directed to Ernie.
viz. 9.46
.
In case of confusion,this is from Ernie 9.46
The English are bad. That’s why we must hate them, even the black ones, though not as much as the white ones.
In the light of what you have said about your English family members,Gallagher,you may feel as I do about anti English racism.
I also have English family members.
Dobbo
I thought we were ahead in season tickets compared to this time last year. 40,000 sold so far.
Great Scottish Inventions ( hardly the place to be fully exhaustive):
Macadamised road (John Loudon McAdam).
The pedal bicycle: (Kirkpatrick Macmillan)
The pneumatic tyre: (Robert William Thomson and John Boyd Dunlop)
Aircraft design: (Frank Barnwell 1910 ) Establishing the fundamentals of aircraft design.
Condensing steam engine improvements: (James Watt )
The wave-powered electricity generator: (by Engineer Stephen Salter).
The Pelamis Wave Energy Converter (“red sea snake” wave energy device): Richard Yemm.
Europe’s first passenger steamboat: (Henry Bell)
The first iron-hulled steamship: (Sir William Fairbairn)
Coal mining extraction in the sea on an artificial island by Sir George Bruce of Carnock (1575). Regarded as one of the industrial wonders of the late medieval period
Print stereotyping: (William Ged)
Roller printing: (Thomas Bell)
The adhesive postage stamp and the postmark: (James Chalmers)
Universal Standard Time: (Sir Sandford Fleming)
Light signalling between ships: (Admiral Philip H. Colomb)
The telephone: (Alexander Graham Bell)
The teleprinter: (Frederick G. Creed)
The first working television, and colour television; (John Logie Baird)
Radar: (Robert Watson-Watt)
The underlying principles of Radio – (James Clerk Maxwell)
The automated teller machine and Personal Identification Number system – (James Goodfellow)
he first edition of the Encyclopædia Britannica (1768–81)
The first English textbook on surgery(1597)
The first modern pharmacopaedia, William Cullen (1776). The book became ‘Europe’s principal text on the classification and treatment of disease’. His ideas survive in the terms nervous energy and neuroses (a word that Cullen coined).
The first postcards and picture postcards in the UK
The first eBook from a UK administration (March 2012). Scottish Government publishes ‘Your Scotland, Your Referendum’
The concept of latent heat: (Joseph Black)
The world’s first oil refinery and a process of extracting paraffin from coal laying the foundations for the modern oil industry: (James Young)
Popularising the decimal point & Logarithms (John Napier)
The first theory of the Higgs boson or “God Particle” by (Peter Higgs) particle-physics theorist at the University of Edinburgh
Hypnotism: (James Braid)
Criminal fingerprinting: (Henry Faulds )
The noble gases: Sir William Ramsay (1852–1916) [76]
The cloud chamber recording of atoms: Charles Thomson Rees Wilson (1869–1959) [77][78]
Pioneering work on nutrition and poverty: (John Boyd Orr)
The ultrasound scanner:( Ian Donald)
Ferrocene synthetic substances:( Peter Ludwig Pauson)
The MRI body scanner: (John Mallard and James Huchinson)
The first cloned mammal (Dolly the Sheep): Was conducted in The Roslin Institute research centre in 1996
The seismometer innovations: (James David Forbes)
Pioneering the use of surgical anaesthesia with Chloroform: (Sir James Young Simpson)
The hypodermic syringe: (Alexander Wood)
Identifying the mosquito as the carrier of malaria: (Sir Ronald Ross)
Discovering the vaccine for typhoid fever: (Sir William B. Leishman)
Discovering insulin: (John J R Macleod)
Penicillin: (Sir Alexander Fleming)
General anaesthetic – Pionered by ( James Young Simpson)
Glasgow coma scale: (Graham Teasdale and Bryan J. Jennett)
The refrigerator: (William Cullen)
The flush toilet: (Alexander Cummings)
The waterproof macintosh: (Charles Macintosh)
The kaleidoscope:( Sir David Brewster)
The electric clock: (Alexander Bain)
Miscellaneous innovations
Bank of England devised by (William Paterson)
Bank of France devised by (John Law)
The industrialisation and modernisation of Japan by (Thomas Blake Glover)
Kirin Brewing Company founded by (Thomas Blake Glover)
Colour photography: the first known permanent colour photograph was taken by (James Clerk Maxwell)
….and the best till last:
Bovril beef extract: (John Lawson Johnston)
The modern lawnmower: (Alexander Shanks)
The self filling pen: (Robert Thomson)
Lime cordial: (Peter Burnett)
I was playing Monopoly last night with my mates. One of them (he’s a real prick) lost all his money, was in debt to the bank and had a hotel on Old Kent Road and a (big) house on Whitechapel Road (the cheapest and least appealing streets).
As he’d lost and we all thought he’d call it a day and we’d see him some other time.
What he done instead was nothing short of bullying and shouting, demanding to stay in the game, claiming we’d all fail without him, then he tried to leverage his way back in by claiming he had rich backers. After the gnashing of the teeth and more than a few tears with claims that his (big) house must stay open he left.
P.S. when he got to his car it was clamped and fined as he’d not paid his road tax. He had to walk home. In the rain.
Not defending the Four or whatever comments/songs were uttered but in this ‘One Nation’ it is offensive to put a flag on a window. I assume it was the Tri-Colour that caused offence.
FOOTBALL fans travelling from an Old Firm match have been accused of behaving in a threatening or abusive manner by placing a flag on the window of a railway carriage, and singing and uttering offensive comments.
Three men and a woman, all from Edinburgh, appeared at Falkirk Sheriff Court on charges that also included singing and uttering sectarian and racially offensive comments.
The charges relate to alleged trouble on a train travelling from Glasgow Queen Street station and Falkirk High station after the game, on April 29 at Parkhead, which Celtic won 3-0.
wonkyradar on 31 May, 2012 at 12:44 said:
Here`s tae us.
Why has it no helped us?
wonkyradar
You left out bomb parcels to Irish/Catholics on your list…
SFFS, administrators can be removed at this stage.
D&P did not reveal what happened at the 20 April meeting, suggesting they did not get the permission they wanted.
Richie, don’t ask me!
Sixteen road, D&P have not been paid yet. They will collect from the money received by a purchaser or from the sale of assets.
Malone19, yes, it’s up to the creditors to accept or not.
Chairbhoy, yes, remarkable indeed.
KINGLUBO, cheers.
Macjay
Nae bother, i find things can get easily misconstrued with the blogging.
eg.
On the back of a cardboard filter tip for hand rolling cigarettes made by crafty wee men fae Strathclyde
‘The 21st century pharoahs have got the slaves demanding work’
I’ve nothing against Egyptians or Nubians either ;)
HH
ASonOfDan on 31 May, 2012 at 12:47 said:
I think the word of most significance is ” Falkirk .”
Celtic_First
“Correct. Open to all, including people who find the Wee Frees funny. ”
Correct Open to all, including people who find ALL religions funny, like me, por cierto.
How many slaves can you fit round a tree each holding an axe?
Therein lays the beginning of the delta blues and 3/4 , 4/4 time signatures.
That is the beauty of this site – A person can post what they believe to be fact,or truth,about any subject or matter – but if you are not accurate,you will be stopped in your tracks,and corrected,normally by a person,or people that have more knowledge of the subject which you think that you know a lot about.
I once remember typing derogatory things about South Dublin on CQN,it was around 4 in the morning – thought i had the blog all to myself,next minute a Celtic Supporter,from South Dublin,living in Chicago or somewhere like that…must have been reading my tripe from the other side of the Atlantic,took exception to what i had to say,logged on,and put me in my place.
We ended up having a good yarn about Celtic and Dublin.
It is always possible to learn from what other posters have to say,even when our opinions differ.
wonkyradar on 31 May, 2012 at 12:44 said:
Great Scottish Inventions ( hardly the place to be fully exhaustive):
___
Top of the list must be James Clerk Maxwell, you have understated his importance to physics and mathematics. Maxwell was a genius, and should be as familiar to all as Newton and Einstein.
That’s all. I’ll say no more :)
Paul67 on 31 May, 2012 at 12:53 said:
———————————————
’nuff said :-)
I should have said ‘using 3/4,4/4……’
Paul67 on 31 May, 2012 at 12:53 said:
That explains it Paul67.Cheers.
The Battered Bunnet on 31 May, 2012 at 12:32 said:
Would it be correct to say that it is a style of music now most assocaited with the wee frees.
I believe the “Wee” Frees became known as such in 1900, not 1843.
Always found the majority of them a thoroughly decent Christian lot.
Some of them even funny – in the true sense of the word.
Gallagher
Glad to clear that up.
Nubians?
Nubiles?That`ll dae me.
Hail Hail.
ASonOfDan on 31 May, 2012 at 11:11 said:
The Scots were a shower of forelock tugging, illiterate, Brit loving paupers who bizarrely felt superior to everyone in the world.
Now thery just hate Irish/Catholics because we are a constant reminder of how to better yourself and how they never fought English tyranny.
—————————————————————————-
posted on the last article.
Are you for real, or is the smiley missing?
wonkyradar on 31 May, 2012 at 12:44 said:
”Great Scottish Inventions ( hardly the place to be fully exhaustive):”
You were doing well until you got to penicillin.
Sixteen roads to Golgotha on 31 May, 2012 at 12:57 said:
That is the beauty of this site –
Couldn`t agree more.
Sixteen roads to Golgotha on 31 May, 2012 at 11:20 said:
RobertTressell on 31 May, 2012 at 11:18 said:
Robert – Can’t speak for philvisreturns,but i think that was said in jest mate,well i hope so anyway!! :)
==================================
Erm, you new round here? You haven’t read much of Philvis stuff before? He’s for real mate. Which is, ironically, unreal.
Philvis – you have yet again with your unrivalled debating skills put me to the sword.
Why any of us continue to deal in fact while you can simply cut through us with ‘truths’ like ‘Kenya would be better off if it was still part of the UK’ surely ends any silly notion I had that thousands of Kenyans were ethnically cleansed in British Concentration camps which is based on reading books and articles on the subject.
And of course with your genius comment that all drugs are bad (illegal ones presumably? You still a poster bhoy for Forest?) the part played by the British in causing the proliferation of heroin throughout the world is now redundant.
So no point in me mentioning the manufactured famines in India and indeed Ireland that I so foolishly believe to have happened based on the books i have read on the subject becuase you will have a great response like: ‘no they didn’t’ for me.
And they say the art of debate is dead. I doff my cap to your superior education sir.
deliasmith on 31 May, 2012 at 11:29 said: ……………..
… Also the rage is directed at different, often contradictory targets: the SFA, the SPL, the courts, the BBC, the other clubs jointly and severally, Celtic’s machiavellian Chief Executive, the newspapers, individual (named) journalists, UEFA and FIFA, other Rangers fans…, Duff and Phelps (the administrators), Craig Whyte, David Murray, the previous board jointly and severally, Lloyds Bank …
That’s 16 different targets, many of them multiple. It will shortly be quicker to write down a list of who they aren’t furious with: the Moderator of the Church of Scotland, the Duke of Buccleuch, The People’s Friend.
______________________________
I am not even sure that the Moderator of the C of S would escape the Hunnic ‘rage’, after the admission & apology in 2002 for the part that their church had played in the widespread anti-Catholicism which was so endemic in our ‘great wee country’.
The People’s Friend is probably on safer ground.
:¬))))