I don’t know anything about Bill Miller’s connections, neither does anyone else apparently, but we can be sure of one of two things.
Miller’s convoluted proposal is wholly dependent of him working in concert with Craig Whyte. As owner of Rangers Football Club PLC, Whyte would stand to be an equity partner in the newly merged company (Miller has made no offer for his shares).
This option would not be possible unless Whyte and Miller are working together.
Miller’s proposal blows a whole the size of Ibrox through the notion that Rangers recent legislative troubles were all down to Craig Whyte who would soon no longer be part of the club. He is an integral part of the advertised strategy (no matter how unlikely you reckon that strategy is to play out).
The SFA Judicial Appeals Panel must not be intimidated into thinking otherwise.
If Miller has taken a genuine punt (figuratively speaking, I hear he declined to pay the exclusivity bond) without doing a deal with Whyte, his advances will be rejected and Whyte will no doubt take legal action in the coming days to further protect his assets – you don’t think moving the floating charge to a different offshore company last month was to boost Caribbean tourism do you?
In this case, Duff and Phelps would be unable to conclude a deal to sell Rangers and would have to prepare for this scenario soon. I reckon there is at least a 50% chance this will be the case.
More later, time permitting, ahead of the CSA Rally tonight!!
You can buy a hard copy of the new issue of CQN Magazine via Magcloud here.
The graphic below is just for a flick through, to read the magazine go here to it’s dedicated site.
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Auldheid
Done
(Just copied text from Jobo’s tweet)
Mort
UPDATE: Bidding now at £510.00.
Bidding closes on Monday 7th May.
Historic Celtic top signed by the 3-0 slayers of Rangers (In Administration, Liquidation, Extinction, Newco, Oldco – whatever).
Fellow Celts, I need your help.
My parents recently had to go into full time care in Wellburn Care Home, Lochee, Dundee. Wellburn is run by the Little Sisters of the Poor.
Wellburn offers incredible residential support for those in need in the Dundee area. It is only a viable concern through the dedication of the sisters and volunteers and fundraising initiatives such as sales of work, coffee mornings etc.
The sisters need cash to maintain the home for the benefit of the residents.
Trust me, you cannot visit there and not be inspired by the work the sisters do.
Our heroic, favourite players have signed the top which is in mint condition and in a fantastic presentation box.
Forever more this top will be known as the 3-0 (going on 7) massacre top.
You can support the work of The Little Sisters Of The Poor by bidding for this Celtic top signed by the first team squad at this eBay auction.
Your help is greatly appreciated.
http://www.ebay.co.uk/itm/Signed-Celtic-First-Team-2011-12-Champions-Top-Charity-Auction-Mint-Boxed-/320898089257?pt=LH_DefaultDomain_3&hash=item4ab7044129
On a different subject, The Thai Tims were wonderful last night.
Such a contrast from the jingoistic, pompous, flag waving, Nuremburg Rally, Help For Heroes (without paying a penny in taxes to help them), fascist like, dam busters, Simply The Best type pre-match ‘entertainment’ served up across the city. VIVE LA DIFFERENCE.
Gordon J
Yes indeed, but…stadium, training ground, players… for just 11 million? Wouldn’t these be worth much much more if sold off now and people paid what they are owed? (or a bigger proportion of it anyway)
Please please please watch this,,,its too funny not to!!!
http://www.youtube.com/watch?feature=player_embedded&v=ek7SfViBvJs
Hail hail
I sit in section 122 which is directly opposite the GB. There is a group of about 6 to 10 boys aged between 9 and 10 who sit right at the back of the section. They put up there flags and banners on the back wall ( one of which says Ultra Since 2006) they sing away – a mini GB of their own They are fantastic.
At the very front of my section at each game before kick off and at half time another group of kids much younger have a kick about using anything they can find last night it was a coke cup. They take it very seriously and array a joy to watch.
philvisreturns_2,
Are you a Newco??
Lib Dems are Tory voting fodder. That’s why they are being gubbed everywhere.
Headthebal,
The players wouldn’t be included, just the ground, Murray Park and the car park.
Re all know that the club’s assets are not worth the £100M+ of the Murray days. I recall D&P were getting a new evaluation done but haven’t ever seen the result. Want to bet that it comes out somewhere near £11M?
i’ll gie the wee jakey bigot something………………..he can sing!
ibleedgreenandwhite1 on 4 May, 2012 at 12:56 said:
i’ll gie the wee jakey bigot something………………..he can sing!
ibleedgreenandwhite1
HAHAHAHAHAHAHAHAHAHAHAHAHA
In today’s Herald Michael Grant has an interview with Sandy Jardine. In it Jardine is quoted as saying “You can only say sorry so many time.”
Whit?
When did they say sorry? They have never said sorry! Jardine has been far too busy threatening people to say sorry.
Arrogant B’s
Gordon_J backing Neil Lennon – Are you a Newco??
“Hybrid incubator” if you please.
Lib Dems are Tory voting fodder. That’s why they are being gubbed everywhere.
Good. They’re a party of yoghurt-weaving vegetarian fruitcakes, petty authoritarian moralising teuchters, and EU-lickspittle weirdos. The sooner they cease to exist as a force in politics the better for everyone concerned. (thumbsup)
philvisreturns_2 on 4 May, 2012 at 12:49 said:
That is the debate that I would like to see happening on a wider public front. Hence the challenge to Speirs.
whitedoghunch on 4 May, 2012 at 12:51 said:
Big JOEEEEEEEEEEEEEEEEEEEEEEEEE
my lunch was a well fired roll. rare beef, red onions, peppers, red chilli peppers and sour cream.
I am only back on the solids too so this was my danger lunch.
gotta live !
Stoooooooooooooooooooop it.
Bigjoecantwait2getooootOhear
Auld Neil Lennon heid – I’m not on Tweeter so thought I’d reply to you here. :) (thumbsup)
Hen1 and ernie, make a statement about what?
Until details are formally announced from those in authority all we are hearing and reading just now is hearsay. When and if formal announcements are made that amount to them gaining entry into a league with no accountability for past misdeeds, then is the time to act.
Criticism of our board at this time is unjustified IMO.
estorilbhoy – No doubt the board should be publicly flouncing off, threatening resignation from the SPL, etc. etc.
That’s the Belfast Celtic option.
There’s probably nothing the huns would love more than to see our club pull the plug on itself. (thumbsup)
ibleedgreenandwhite1 on 4 May, 2012 at 12:56 said:
The words don’t exist that convey my gobsmackedness.
Awe_Naw_No_Annoni_Oan_Anaw_Noo on 4 May, 2012 at 12:48 said:
me too . and if he did it from the stand , another 8000 (SS) would join in with him
WDH , be careful – liquid lunches have their uses
estorilbhoy on 4 May, 2012 at 13:05 said:
Agreed Agreed Agreed Agreed Agreed Agreed Agreed Agreed Agreed.
Agreed Agreed Agreed Agreed Agreed Agreed Agreed Agreed Agreed.
I’ll say again for others who have missed my previous post.
Agreed Agreed Agreed Agreed Agreed Agreed Agreed Agreed Agreed.
just reposting for the benefit of those who haven’t seen this eejit yet lol
Please please please watch this,,,its too funny not to!!!
http://www.youtube.com/watch?feature=player_embedded&v=ek7SfViBvJs
Hail hail
Hi Paul,
Having enjoyed the prologue
The Knight’s Tale, Miller’s Tale…
A’ wait with baited breath to hear the Reeve’s Tale and most important who was his boss.
GeofferyChancerCSC
ernie lynch on 4 May, 2012 at 12:51 said:
In which case the Board call an AGM and get the consent of the shareholders
>>>>
Yes agreed. But it’s too late now to do this. If it was going to be done it would have had do have been done months ago. Also, going public back then would have generated a lot of negative press. I can imagine what the headlines would have looked like.
However it is academic now. Any opportunity to do such a thing has now passed, and you could be justified in thinking the board was negligent not to act or at least call an EGM when it had the opportunity.
Maybe Fraser Wishart was duped when he advised the RFC players about contracts.
Estorilbhoy
1) do you live in Estoril ?
2) While I do not think it is appropriate at this point in time I can imagine Celtic asking for statements on and some supporters demanding that they do.
A) Regan and Ogilvie having met Whtye
B) The matters that were discussed according to White
C) Why the SFA panel chose to exercise extra cautionary discretion over not expelling Rangers FC. The Disciplinary Panel by itself cannot exercise this discretion but the SFA body can.
D) The SPL has stated to today that it is “continuing” with discussions with Bill Miller … no harm in asking about clarification here
Hail Hail
Gordon_J
The sad thing is that those £11m worth of assets will eventually be sold for much much more and the creditors of old Rangers will get none of it.
Want to hear a crazy story?
Just been talking to a colleague who has business interests in America and he is saying that Boss Hogg Miller is interested in rangers due to a very famous actor’s input. The said actor apparently knows Bill through charitable events and some conservation projects.
It appears this person has a wee soft spot for FPLG and has persuaded Kill Bill to take his ‘Shot At Glory’.
Crazy I know, but…
ASonOfDan – Just been talking to a colleague who has business interests in America and he is saying that Boss Hogg Miller is interested in rangers due to a very famous actor’s input.
Dennis Waterman. (thumbsup)
Jelly And Gelato on 4 May, 2012 at 13:16 said:
It’s not to late to call an EGM.
In any case members of the Board hold over 40% of the shares. If they are of one mind it would be hard to see an EGM voting any other way.
ibleedgreenandwhite1 on 4 May, 2012 at 13:13 said:
just reposting for the benefit of those who haven’t seen this eejit yet lol
Please please please watch this,,,its too funny not to!!!
http://www.youtube.com/watch?feature=player_embedded&v=ek7SfViBvJs
================================
Oh.
I don’t know what to say….
I am…I am, in the twilight zone?
Salvador Dali couldn’t have conjoured surrealism like this.
Premier League televised football packages up for grabs
More live Premier League games will be shown from 2013-14 season
The Premier League has issued an invitation to tender for the domestic UK broadcast rights for the 2013-14 to 2015-16 football seasons.
It says 154 matches will be shown live on TV each season from 2013-14 – 16 more than currently broadcast and more than 40% of all top-level matches
The extra 16 live games comes as matches are moved away from Saturday 15:00 kick-off times, due to Europa League involvement or police advice.
No 15:00 kick-offs can be shown live.
The 154 games will be split into seven packages comprising five packages of 26 matches and two packages of 12 matches. No one buyer will be allowed to buy more than five packages or 116 matches.
The current rights are held by Sky and ESPN, and a challenge from Al Jazeera is also expected this time round.
“This creates a more attractive and compelling offering for both broadcasters and fans; whilst allowing the continued protection of the Saturday 3pm ‘closed window’ and minimising further displacement of Premier League fixtures,” said the league.
Another sales process will be conducted for two “near live” packages each containing 226 matches, and an internet-based clips package for all 380 matches.
Auldheid
Spiers tweeted
estorilbhoy on 4 May, 2012 at 13:05 said:
”Criticism of our board at this time is unjustified IMO.”
I haven’t criticised the Board.
And I haven’t asked them to issue a public statement.
good afternoon cqn
Auld Heid Neil Lennon how is Louise
Whats all this talk of tupe has Gordon Smith not already been tupeed
Looks like they’re going from bill annuler to Bill Miller then.
philvisreturns_2
I beg you. Please don’t bring your flag anywhere near Parkheid.
Could someone tell me what the Fraser Wishart references were about earlier on?
And send me a link please?