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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Sixtaeseven, thanks.
ASonOfDan, indeed.
James Forrest, I really need to get a grip on those buttons.
Auldheid, I’ll have an article on the player contracts later. All interesting stuff.
Big Joe, thank you for your clarion call on the other channel. Normal service resumed.
Chairbhoy, “GeofferyChancerCSC”, ha!
ernie lynch, for what it’s worth, I would vote against Celtic deciding to go out of business.
I appreciate you would rather see Celtic take this route.
This, again, is another issue which has the potential to divide Celtic and cause untold damage to our club at the very time when unity is absolutely necessary.
Perhaps I could extend my earlier invitation….
As dividing Celtic at such a crucial time has enormous consequences for the club, I will do everything in my power to get you the chance to put your position direct to those in charge of our club. If you would like to let them know how you feel they should progress, instead of simply blowing off steam on a blog (with potentially divisive consequences for Celtic), then email me: celticquicknews@gmail.com.
While I appreciate you didn’t want to look the decision makers in the eye and explain your position to them on the other matter, I am sure this issue, which (coincidentally) also sets fans against club, is too important to let slip.
Or maybe you just don’t feel it’s that important after all?
Can’t promise any meeting but it’s incumbent on me to do what I can. Look forward to hearing from you and hope this will take care of all your worries that will pitch Celtic fans against each other.
musters – You smell musty. (thumbsup)
ASonofDan.
Was it the guy who played the gumsy hillbilly in Deliverance?
Dee de lee dee dee dee dee dee dee!
ernie lynch – I always imagine you look just like Chic Murray, bunnet and all.
Are my wildest imaginings correct? (thumbsup)
I am a bit puzzled about why Rankers are presenting the no 12 shirt to the supporters. My old man always told me that the referee was their 12th man and celtic played against 14 players every week (before subs were invented).
Surely they should be giving the supporters the no 15?
ggh
Paul67
if the CSA and the Trust were given the rubber ear yesterday by Peter Lawwell… or at least that how it was publicised then I cannot see how your very kind offer towards Ernie would help.
Do you also consider that a Newco not in the top SPL would be a vote for Celtic going out of business ?
Hail Hail
Paul 67
I doubt that Windy Miller is in cohoots with MBB , although for the mad-cap plan to work , they will both need to come to an accommodation.
On the bigger picture, it seems clear (!) that the plan all along has been to liquidate after the season ends, which means that Whitey and Duff £ Phelps can get out of town, with all their body parts still functioning.
After liquidation on Monday 14 May 2012 , contrary to popular belief, I suspect that there will be no NewCo established this summer, as the legal mess left by Whitey & Duff £ Phelps will ensure that the practical aspects of issuing season books and the use of Ipox is in limbo.
The only way out of this is for Dignity to receive fresh cash , Windy Miller’s £11M ain’t going to do it, rather a massive share offering will need to be organised by a trustworthy Dignity supporter (with some business acumen). Thus far, this type of individual has been in short supply. When the FTT and the SFA enquiry hits , Paul Murray will be barred from being involved in Scottish football , his reputation in tatters, so who will step forward?
If the maliase goes longer than 6 months without visible progress then we are into Monty Python territory with many different versions of the Judean front emerging claiming to be Rangers.
The likely scenario is no Newco , massive legal wrangles, SFA removing leagues and cups, with I believe the strong possiblity of a withdrawal of football license for any club called Rangers playing in blue at Ipox. I suggest that UEFA will demand measures in extremis , as their competitions have been cheated during the last decade or so.
HappyDayscfc
philvisreturns_2
;-)
Paul i think its time you me and everyone else put this rangers thing to bed,Lets start to talk about all things celtic, me i have a couple of points ,ist whe was the stadia re built ,why because looking at the structure thats around the stadium have a look its looking if there is a lot of rust there needs a good overhaul shabby is not the word im looking for.and can something not be done about the main stand ,its fine if you are in the posh seats for viewing,but if you are like me sitting in the front stand close to the dugout its terrible for viewing,maybe we should as supporters push this for something to be done, who at celtic can i write to regarding this matter.well overdue if you ask me.all the billions that dermot desmond has he cant even upgrade the whole stadium ..but then i suppose its right what they say about him he is never there to oversee thest things,
Green Lantern (((((0)))))
He loves the smell of napalm in the morning, which is just as well as him being a stupid hun…
I would be grateful if someone could clear up a few points for me.
1) Just what exactly would Bill Miller be buying if his bid is accepted? I understood that Our Hero had security over ipox, doeshe lose this if the admins accept this miserly bid?
2) Who is paying for the huns card display? Can the admins spend money on something like this which does not generate revenue for the other creditors?
I am very confused so any help would be appreciated.
ibleedgreenandwhite1 – Having just watched your link to the Karaoke King I nearly fell off my seat when it came to an end and the next recommended link that came up was . . .
“Just Walk Away” by Celine Dion :)
***BORING FOOTBALL STATS ALERT***
was just looking there at our SPL performance in 2012 and some pretty impressive stats –
Played 15
Won 13 – 12 of these by keeping a clean sheet!
Drew 1 (Aberdeen) and Lost 1 (Rangers) – both away from home
Haven’t lost a home league goal since January 14 when Dundee Utd scored.
That’s why we’re Champions!
Back to work…
ibleedgreenandwhite1 on 4 May, 2012 at 12:56 said:
Please please please watch this,,,its too funny not to!!!
http://www.youtube.com/watch?feature=player_embedded&v=ek7SfViBvJs
Hail hail
Embarassing, Pityful, etc, etc…..
Have always said the hun’s have nothing anybody wants that is originally theirs.
Any ‘decent'(?) song they sing has been stolen from some other club, usually us.
All their bigoted, racist, sectarian, etc..songs no other club wants ( linfield apart ).
Last week as Celtic Park sang to each other Glasgow’s Green and White.
The pathetic pointy thing the hun’s done was again copied from us…badly.
Always had a theory most hun’s are jealous of us and wish they were Tim’s.
Hence why they copy us and also the anger towards us…jealousy.
It’s good to know how much they wish they could sing Walk On…but they can’t.
As been has pick up on by others above…the SPL will CONTINUE talks with miller.
I don’t know anything about the man, absolutely nothing, nada, zilch.
I do know all about the SPL and the SFA.
So if miller says he has spoken to them and been given guarantee’s about zero punishment’s for the hun’s….I’d believe him before I’d believe the corrupt SPL and SFA.
I’m that paranoid I believe CW, minty, d an p and miller are the same person.
Duff & Duffer….who’s doing due diligence on those spivs? They are not acting in the interests of the creditors or the zombies. They are patently & blatantly acting for Whytie boy & his redneck cronies.
No wonder the orcs have started eating their offspring.
ibleedgreenandwhite1 on 4 May, 2012 at 13:13 said:
>>>
he’s an utter fud.
Auldheid –
Forgive me, but what is the point of asking fellow CQNers to tweet Graham Speirs ‘en masse’ in the hope of badgering him into responding to your request?
Maybe I am missing something, but if Speirs decides to take up your challenge, then fine. If he chooses not to, then surely that is his prerogative. I am certainly not comfortable with anyone putting undue pressure on any journalist to respond to a request put to him, by enlisting the help of fellow supporters with a view to inundating him with tweets in an effort to force his hand. Or do you really believe you have a divine right to a response from this or any other journalist, and hell mend him if he should exercise his right not to respond?
I enjoy reading your contributions to CQN Auldheid, and you have never struck me as being arrogant . . . until now.
That hun on You Tube is toe curlingly embarrassing, from his junkie teeth to his eejit orcette accomplice.
Thank you God for making me a human being and not one of ra peepel.
No matter what happens with regards to those filthy beggars – All that i can predict is at least a decade of Celtic domination on the domestic front,with major in-roads being made on the European front.
Bill Miller is as likely to become the owner of ranjurz as I am. The notion that a ‘preferred bidder’ means anything is laughable. If it’s true it’s also open to legal challenge.
Swifty & Shifty are not there to protect the interests of the fans, laptop loyal, SPL/SFA or the fabric of Scottish society. They are supposed to protect the interests of creditors. Therefore they should have removed the highest paid staff from the pay bill as soon as they entered the building, they should have immediately entered discussions with creditors with regards to a CVA and they should have also identified ownership and liabilities.
What appears to have happened is that they (dumb & dumber) have spent a vast amount of time on nonsensical discussions with ‘prospective buyers’, introduced ‘redundancy-lite’ for all employees, aligned themselves with some deeply dubious people and introduced a bidding process for something which is 85% owned by someone who they have stated is ‘irrelevant’.
How would the signing of Daniel Cousin helped creditors?
The PAYE and NI was deducted from salaries, where is it?
What will happen to the litigation due to go forward in October 2012?
Bill Miller has acquired ‘preferred bidder’ status’ with a bid of £11.2M, what is this bid based on?
This bid is without due diligence, it is in effect a blind bid, what will Bill Miller actually own if he is successful?
What is Bill Miller Fit & Proper for?
Were Stan & Ollie involved in the ‘discussions’ that Bill Miller claims to have had (with the regulators) about future sanctions against ranjurz(ia)?
Why (if true) was Bill Miller allowed to have discussions (and apparently given ‘comfort’) with regulators about matters which have yet to be decided by an independent panel?
There is absolutely no expectation on the LL to research, let alone print the truth. However the DR front page today is a disgrace, Graham Speirs told listeners that he had spoken to someone and they thought that the TBB’s plan was viable and possible.
Took my son to the game last night, Thai tims, Green Brigade, excellent. A real family friendly atmosphere. One chant of ‘stand up if you hate ranjurz’ my son asked me why I wasn’t standing up, I told him that we were there to support Celtic, ranjurz will cease to exist ( in any form) in two weeks’ time, what’s to hate?
HH
I hope that that guy never walks away. I hope he stands in Argyll Street singing that guff all summer long so I can laugh at him in public when I come home for a few weeks.
Cringe-worthy doesn’t cover how bad and funny that was. Nearly as bad as the eejit with the kids toy piano singing his little ditty.
Paul67
”ernie lynch, for what it’s worth, I would vote against Celtic deciding to go out of business.
I appreciate you would rather see Celtic take this route.”
My position is that if the SPL determine to allow a newco huns straight into the SPL the Celtic Board should threaten to, and if it came to it actually, resign from the SPL and, in the absence of any alternative, apply for membership of the SFL. In effect they say to the SPL ‘You can’t have the Old Firm. You either have us, or you have the newco huns, but you can’t have both.’ That would negate every single argument in favour of the proposal. My view is that faced with such an ultimatum the SPL would refuse the newco huns entry. If they didn’t, then frankly I don’t understand why anyone who claims to be a Celtic fan would not prefer the third division to the SPL.
#######
”This, again, is another issue which has the potential to divide Celtic and cause untold damage to our club at the very time when unity is absolutely necessary.”
You talk of unity as though Celtic have a declared position on this. They haven’t. You’ve taken upon yourself to proclaim that it’s you’re way or it’s no way. Why? What have you been told?
##########
”Perhaps I could extend my earlier invitation….
As dividing Celtic at such a crucial time has enormous consequences for the club, I will do everything in my power to get you the chance to put your position direct to those in charge of our club. If you would like to let them know how you feel they should progress, instead of simply blowing off steam on a blog (with potentially divisive consequences for Celtic), then email me: celticquicknews@gmail.com.”
Here’s an idea. Copy and paste my posts to whoever it is you have in mind at Celtic. That’ll save my time and theirs. If they want to respond, let them. I regard your offer as patronising and, as I said earlier, I don’t think it’s the way that Celtic should be conducting its business. If Celtic have a plan, they should share it with the fans, all of us. If they consider they need to keep any such plan confidential, they won’t, and shouldn’t, share it with me.
#######
”While I appreciate you didn’t want to look the decision makers in the eye and explain your position to them on the other matter, I am sure this issue, which (coincidentally) also sets fans against club, is too important to let slip.
Or maybe you just don’t feel it’s that important after all?”
Your snide tone is unbecoming and does little to rebut the view that seems to be commonplace among the Celtic blogosphere that you are something of a Board lackey, a view I’ve always regarded as being unfair.
#######
”Can’t promise any meeting but it’s incumbent on me to do what I can. Look forward to hearing from you and hope this will take care of all your worries that will pitch Celtic fans against each other.”
My worries will be taken care of when it’s clear there will be no newco huns in the SPL. I don’t think I’m alone in that view.
In the early part of this season when we were struggling, I thought that Neil lacked proper coaching support. My opinion was that Mjalby and Thommo were good cheerleaders but not likely to provide tactical insight from the touchline or improve tactics back on the training ground. Defenders kept making the same mistakes, forwards kept failing to score etc.
Our title win is deserved and came on the back of a number of great performances in the middle of the season before we started to blow hot and cold again over the last few weeks.
So . . . would Neil benefit from having a number 2 who is a genuine training-ground coach (perhaps with European experience from La Liga or Serie A or the EPL) or does he gain more from having his two mates around him?
I’m not thinking of an auld heid who’s been there and done it all or someone who is looking to be no.1 – rather someone who’s best job is as an assistant and who is highly effective working in the background.
philvisreturns_2 on 4 May, 2012 at 13:40 said:
”ernie lynch – I always imagine you look just like Chic Murray, bunnet and all.
Are my wildest imaginings correct? (thumbsup)”
Sadly, no.
Though the great man has always been something of a style icon to me.
ibleedgreenandwhite1 on 4 May, 2012 at 12:56 said:
That’s demented, still trying to life my jaw off the table…
ernie
I appreciate your concerns, as I am sure many share them.
What I am not sure about is threatening to leave the SPL should they follow their own rules and allow a newco Rangers entry into SPL.
As things stand, the SPL have done nothing wrong, neither have Celtic, so what would give us the right to try to enforce bully boy tactics on the SPL.
If the SPL do break or bend their rules to accommodate a newco, then that is the time for action. I really don’t see the point in doing anything before then.
Mort
The idea that Celtic would go out of business if a Newco is not allowed into the SPL has definitely had its first airing on CQN today.
Hail Hail
Paul67
Never mind ‘whole’ the size of Ibrox.. I think the ‘hole’ truth will come out eventually. :-)
Philvis returns. Why? Unionist plastic Tim. Take yer Union Jack and…
>>>>
“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)”
>>>
Ditto for the embryonic Nazis that make up the current Tory mob who don’t have any kind of mandate to implement the kind of policies that are killing people right now,right here in this dis-united kingdom,run for the rich by the rich.
So get a grip and go support somebody else,coz you’re sure not representative of Celtic,or anything to do with the Celtic ethos. Do you understand? Or are you just too blinkered in your fascism?
Just listening to that TALKSPORT gash radio station there, the misinformation that is spouted as fact by their so called Scottish media experts they have on is incredible.
For instance, one dickhead (for that is what he sounded like) journo just stated that Rangers level of insolvency is nowhere near as bad as people make out. Oh and HMRC will do a deal with a new owner. Aye he was adamant of that.
Meanwhile the average radio listener is taking all this guff in.
How is everyone BTW ? Been so disgusted of late re their shenanigans that I’ve gone right off our game, and thats as mild as I can put it without incurring a Paul67 special lifetime ban.
Surely the activity over the last year (bugger it 15 years at least) has been of a criminal nature ?
Awe_Naw
I think the point was that Celtic are more likely to go out of business if they withdraw from the SPL as some sort of protest to newco.
I think without any form of Rangers, we will be absolutely fine.
Mort
I see ole Ernie stylewise being more Murray, Paul, than Murray, Chic.
The smartly belted gaberdine and the scent of ‘Blue Knight’ cologne.
Mort
honestly listen to yourself
The SPL have done nothing wrong.
We are either tims that believe in fairness and justice or we are not and believe that money is more important.
There is no middle road
We will soon be asked to chose
Brother Walfrid or profit
Celtic or Old Firm
If you can all compromise your principles that much then it is fair enough and a few of us older ones will move on and leave the WWF SPL to the young uns
Nobody is going to die here for not telling the truth.
Hail Hail
hate to be a dissenting voice guys, but…
i researched his business history… left a post here yesterday (which was awaiting moderation, don’t know why, links, too long, anyway…) a word of caution.
from what i’ve learned of miller’s previous business practices
1) he set up his own company and has run it as chairman for over 20 years. he sounds like a regular blue collar guy. he refuses to take a bonus (which he is entitled to) and lives of a modest £200,000 salary a year (relatively modest). this is not the typical profile of a carpet bagger.
2) i can find no link either concrete or speculative that he would have any links to craig whyte whatsoever. he is not a financial investor per se, or a venture capitalist. he appears to govern with a very hands on approach as you’d expect from a guy who built a monopoly from nothing.
3) he did have a disastrous foray into motorsport, but this was related to his core industry (the automotive industry).
4) he has relinquished 50% of the holding he had in miller industries in the last year (now only 3.1%). this means his combined cash/shares wealth has a value of around £8.5M. he had no major share movements for years prior so he does seem to be preparing to buy something.
5) he was part of a consortium previously to buy both sheffield wednesday, and tranmere rovers. the part he played, or level of his involvement is not clear. certainly, he did not realise his shares into liquid assets on any considerable scale to do so.
i doubt any preconceived link to whyte. frankly, i think he’s just a muppet who can’t distinguish between the riches of the premiership,and the insularity of the SPL.
if anybody would like to see the accurate financials (all official) i can try to figure out a way to get them out, but as i understand it, email addresses aren’t allowed, so any suggestions are welcome. i have it saved as a word doc.
What baffles me is, (copyright gordon deeyelll) rangers cheat and break the rules, yet some “Celtic” fans, want us to go out of business, astonishing.
I’m not listenin’ to guff, I’m listenin’ to ole Dave Alvin on ole Whisperin’Bob.
SPL confirmed again late y’day 1. registration probe continues unchanged 2. No change to proposed penalty pts vote.
@alextomo
Taxman’s position unchanged: they’ve not been involved, or voted, or been part of Miller plan. When contacted they’ll consider the
Note – in their press-diktat y’day D&P never mentioned by name CW, Ticketus or HMRC – like trying to sell you see the vehicle.
myboysnowatim
journo just stated that Rangers level of insolvency is nowhere near as bad as people make out
Unsurprising it sounds like whoever this was does not understand insolvency.
A company is either solvent or insolvent. Like pregnancy, you can’t be a little bit insolvent.
Mort