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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If a newco got into the SPL then some Celtic fans would go on supporting claiming nothing more could be done by the PLC and others will walk away, not being able to stomach any more.
If newco go to the third some fans will drift away from Celtic Park after the league starts to become a procession.
I will blame Ernie for the former and Lawwell for the latter! :)
You have to admit the Hun has a decent voice,,,maybe he should try out for BGT,,,,Bigots Got Talent :D
Hail hail
Doh
when cotacted they’ll consider the deal
Mort on 4 May, 2012 at 14:06 said
I’m not suggesting the Celtic board do anything precipitate. I’m saying that when the time comes they should prevent a newco being allowed into the SPL.
If this happens though it will happen quickly during the closed season. There won’t be time for extensive debate. To suggest that we ignore the issue until then is ridiculous.
MSM
Mort
If Celtic are made to play in the SPL with a NEWCO its dead anyway imho
That´s cake and eating it stuff from Celtic.
One Court case FROM CELTIC PLC will have the national game hijacked for years.
Celtic PLC now has to decide Principles over money
We can only react based on that decision
Are we huns or tims ?
Hail Hail
Awe_Naw
As things stand SPL rules permit the transfer of a share from one company to another provided certain conditions are met and this is approved by the SPL board.
This is all they have been asked to consider at the minute, i.e. whether newco (when it is set up) can have oldco’s share.
This is the issue at hand that is being debated unless I have missed something. Relating to the newco-oldco switcheroo, what do you think the SPL have done wrong so far?
Mort
When buying the printed edition of the magazine, I’m charged $14 for it. Am I going about this correctly? I’m sure the previous time I bought one it was in pounds and pence.
SPF
Anyway what ever happens, thank God we have the king of downsizing as the Cheif Exec to get us through!
Mort
Done the same for Gretna
HAil HAil
I have always considered supporting Celtic to be a privilege,and as the Tones would say – to me it is a blessing to be called a Celtic man.
But,i have never in my entire life been more content at where our great club is at.Everything just feels good about Celtic these days.
The past few weeks have been magnificent – the supporters,the players,the wee Thai Tims,CQN,our coaches,our manager,even Lawwell – have made me feel both proud,yet humble.
Neil Lennon’s interview with Chick Young after last night’s game was pure class by the way.
I have been waiting for the confirmation that we are Old Firm PLC since my first post on CQN
Are we there yet ?
Hail Hail
ScotPatsFan
Rumours abound the magazine account has been swept offshore.
*****TICKETS*****
smashinmilkbottles has asked me to make anyone interested aware that he has 5 tickets for Tannadice for sale at face value.
If anyone is interested I’m sure Paul67 will provide his e-mail address where he can be contacted
yessssssssssssssssssssssssssssssssssssssssss
Just checked myself ooooooooot O hospital ( not mental one )
And am home…………………………………….
Have the huns gone burst yet
BigJoeinaddddddddddddddddblog
Awe_Naw
I agree that something should be done but the timing is important and I don’t see the need to react before decisions have been made. Let’s see if people make the right decision and then take things forward.
Re: Gretna, I don’t follow.
Mort
Algarvian on 4 May, 2012 at 14:10 said:
”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.”
Your inability to grasp the nuance of the argument does indeed suggest a resemblance to Brother Dalziel.
We don’t need no stinkin’ Rangers, Sky, ESPN
Mort
You honestly think that the support should not be canvassed before we resurrect the Old Firm
The SPL not give two tuppeny sucks about Gretna … why the difference with the hun or haven´t you noticed ?
Hail Hail
ernie lynch on 4 May, 2012 at 14:20 said:
Algarvian on 4 May, 2012 at 14:10 said:
”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.”
Your inability to grasp the nuance of the argument does indeed suggest a resemblance to Brother Dalziel.
Enlighten me then ernie.
If rangers get into the spl, Celtic fans want us to resign from the league, yes?
How does that help Celtic? Genuinely confused here.
I like the way certain people who are not even in the country or go to the games tell those of us who actually pay a considerable sum purchasing merchandise and following Celtic not renew our season tickets…
Tim or Hun indeed…
Algarvian on 4 May, 2012 at 14:23 said:
ernie lynch on 4 May, 2012 at 14:20 said:
”Enlighten me then ernie.
If rangers get into the spl, Celtic fans want us to resign from the league, yes?
How does that help Celtic? Genuinely confused here.”
What are the arguments used to justify allowing a newco huns straight into the SPL?
What happens to those arguments if Celtic aren’t in the SPL?
ASonOfDan on 4 May, 2012 at 14:25 said:
I like the way certain people who are not even in the country or go to the games tell those of us who actually pay a considerable sum purchasing merchandise and following Celtic not renew our season tickets…
Tim or Hun indeed…
Totally agree with that.
I would have a cheek, living in Portugal, to tell someone in Glasgow not to go to the games.
ASonOfDan on 4 May, 2012 at 14:25 said:
Who?
The only person I’ve seen telling anyone to do anything is Paul67.
Interesting idea, resigning from the SPL and joining the SFL in 3rd division.. 3 years down the line, when we’ve won the first division and stand to be promoted to SPL, what do we do ? refuse promotion on the grounds that the huns are there ( SPL champions in the last 3 years, financially sound, with a better squad, and preparing for CL footie and associated revenue ) ?
I appreciate the morality in this, but it would be the death of Celtic as we know it. just what they want……
Ernie Lynch – No dis-respect mate,but have you ever considered therapy?
I am not a shrink – however this sounds like a case of the victim of a crime,thinking somehow that it was all their fault,and that they are wrong,and not the criminal.
Ernie Lynch:
You’re 100% right mate. Delay, delay, delay … It’s a nonsense. The clock is ticking. We laughed at Rangers fans for sleepwalking their way into this crisis. The way we are going, this board is going to be in the middle of discussing a signing target and all of a sudden NewCo Rangers will be an SPL club and there will be nothing we can do about any of it.
Season tickets will have been sold. TV contracts will have been signed. It could all be done in private, behind our backs.
The club is asking the fans to stump up money – real money, more money than ever – and the MOST fundamental question about our immediate future remains utterly unanswered, and unaddressed.
The club itself is one club in the SPL, but the most powerful club. We have a seat on the SPL board. Doncaster is telling all and sundry that this is perfectly fine by him, he’s holding press conferences. Other club chairman, managers, spokesmen, the SFA, the Scottish government – ALL have shouted their view from the rooftops.
The club MOST directly affected by this decision says nothing. That’s us. And it is purely and simply wrong. What ARE we waiting for?
No-one’s intentions are a secret here. I keep on accentuating that point with the people I know, over and over again. Everyone has put their cards on the table, except Celtic, and I am not even asking for a statement setting our detailed plans and potential response … just something to say where we stand.
Example; the SPL “giving private assurances” to Rangers … we are fully ENTITLED to comment on that and deny that we have ever been in any such discussion, firing a warning shot across the bow of anyone who is or has.
Yet nothing. No wonder people are suspicious. A few years ago, the fans were unequivocal on the issue of a joint sponsorship deal, and yet we signed one, and our views were over-ruled for “commercial considerations” at a time when the Famine Song was ringing out every other week.
Our club either stands for something or it stands for nothing. It’s that simple.
ernie lynch at 14:13 said:
I’m saying that when the time comes they should prevent a newco being allowed into the SPL.
Rules exist to allow the transfer of a share from one entity to another. If the SPL follow these rules and approval is received by the SPL Board, then a threat to withdraw from the SPL due to this will be met with suggestions that we just want our own way and to hell with the rules that we signed up for.
Our resignation would be accepted and we would be pariahs (even more than we are now) in the Scottish game. even if we were accepted into SFL3 we’d have to go a few years without Euro football and money associated.
By the time we got into SPL again (assuming that was the intention) we’d be starting off behind the newco Rangers and will have achieved nothing but a couple of years of “principled action”.
Mort
Maybe the Huns could ground share?
Chelsea have offered to buy Battersea power station. Photograph: Getty Images
Chelsea have made an offer to buy the site of Battersea power station with a view to building “one of the most iconic football stadiums in the world”, but have stressed that no final decision has been taken on moving from Stamford Bridge and that there are a lot of obstacles to overcome before work could begin on a new ground.
Chelsea have been looking to move for a number of years, despite expensive redevelopment of their home since 1905. The site is hemmed in by railway lines, making expansion of the capacity to a figure that would compete with Old Trafford’s 76,000 or the Emirates Stadium’s 60,000 difficult.
A statement on the official website said: “Chelsea Football Club can confirm to our fans that we have today submitted an offer, with our property development partner Almacantar, to acquire the 39-acre Battersea power station site.
“Battersea power station is one of London’s most famous buildings and has the potential to become one of the most iconic football stadiums in the world.
“Our joint bid was submitted in accordance with the sales process established by the joint administrators for the site. The process could run for a number of months.”
Chelsea will face competition for the site. “We are not the only interested parties and there is no certainty that we will be successful. We also appreciate that we have many significant hurdles to address if we are to build a new stadium on the site, including winning the support of our fans, the CPO shareholders and local Wandsworth residents, as well as securing the approval of Wandsworth council, the Greater London Authority and heritage authorities.
“We must also stress that making an offer for the Battersea power station site does not mean the club has made a definitive decision to leave Stamford Bridge.”
Plans for redevelopment would incorporate well-known features of the site, including the chimney’s and turbine hall. The proposals include a 15,000-seat single-tier stand, “likely to be the biggest one-tier stand in football”, and shops, offices and affordable housing.
Roman Abramovich’s attempt to increase his options suffered a setback in October when shareholders in Chelsea Pitch Owners, a supporter-led company which owns the freehold of Stamford Bridge, failed to vote in sufficient numbers in favour of selling its principal asset to the club.
CPO was formed in 1993 to prevent the stadium falling into the hands of property developers
Ernie, there is no justification for them getting in, I know that, you know that, we all do.
The point is, if they are let back in, why should we lose our club?
Because this talk of “resigning from the league”, is exactly what that would mean.
Forget all the nonsense of playing in England, Ireland or Timbuktu, it ain’t gonna happen anytime soon.
Ghuys,
Last night game, enjoyable night out in tropical Glasgow.
Young McGoeugh started slowly (whilst hugging the right flank) but looked much better when moved inside and I thought came on to a game.
Ibrahim looked a tricky wee rascal , can only be about 5′ 4″ (wee Shaun was 5′ 7″), good link up play and if he is looked after well, could (could) be excellent.
Big Mo has a turn of pace, can hold the ball up and lay it off well, cannot head it for toffee, one of the Ghuys said Mo reminded him of Big John; personally Mo reminds me of one Francis Albert McGarvey , especially when he has the ball at his feet in the box …….. I would keep Mo until Christmas, let’s see what he can do with a pre-season under him.
Ins and Out Summary
Frazer – In, must keep , assuming he wants to stay.
Zaluska – In, good back up
Cha – Out, honest trier
Josh – Out, not good enough
Lustig – In , no brainer
Thomas – In, no brainer
Darren – out, too small for CH
Loovens – out, had his time at CP, needs to move on
Dan – In, one year contract offer, a run of injurues and we are struggling at CH.
Mark Wilson – Out, on his way out, good servant but limited player
Kelvin – In, big man scares me, although last night he played a more sensible game, reserve judgement until Christmas 2012
Blackman – In, full back cover
Izzy – In, no brainer
Adam – In, no brainer
Chas – In , no brainer
Dylan – In, no brainer
Victor – In, no brainer
Kayal – Out , if we are offered money, as he has spent 50% of the last 2 seasons on the treatment table due to an inability to play cute in the midfield and pick his tackles.
Ki – In, keep for another year and then sell.
Paddy – Out, cannot play at a high tempo, needs to leave to get games
Kris – In, joy to watch must keep
James – In, no brainer
Scotty, – In, no brainer
Joe, – In, no brainer
George – In, no brainer
Gary – In, no brainer
Tony S – In no brainer
Rasmussen – Out, 6 yard box player , nothing outside the box, not fit , definitely out.
Mo – In, review at Christmas
Niall – Out, not good enough
Brozek – Out, not taken his chance
That is the 1st team squad trimmed by 10 (includes everyone out on loan, I can think of)…………
I am sure I have missed someone out!
Slackdayattheofficecfc
With apologies if this has already been posted. From Alex Thomson on twitter
alex thomson@alextomo
Leaving Glasgow, am stunned that tax-dodging Rangers’ latest Big Idea is….a tax dodge. Glasgow papers report this as some kind of triumph!
………..
Seems that there is no integrated approach to tax dodgers, and corporate delboys as they plunder their way though this shambles.
The SFA are compromised and under attack.
The SPL are compromised, have 12 voices and are only interested in money.
HMRC apparently can do nothing to stop the tax dodging switcheroo.
Our friends at the MSM are complicit in bigging up Miller like they did Whyte.
The Administrators are self serving liars who want out.
King is suing Whyte.
Duff & Phleps are suing Colyer Bristow.
Old RFCIA Co. secretary Gary Withey was sacked from Colyer Bristow.
Ticketus are nervous about everything involving in RFCIA.
Is this just Groundhog Day or deja vu all over again?
HH
Are they deid yit?
Naw?
Oh,ffs,get it ower wi. Getting bored now.
Give it up,ya bunchacheating masonisorangeloyalist bassas.
Yiv been funoot,now GTF,and geezaw peace.
You know it makes sense,haha!
Algarvian on 4 May, 2012 at 14:27 s
Aye Paul67 asking us to boycott the game where we ACTUALLY won the SPL was an absolute disgrace you and ASonFfDan are quite right to call him out as a hun indeed or are you just a daft pair of MUPPETS
Hail Hail
Awe_Naw
To be fair, they didn’t really have to care about gretna. They were already relegated (or near enough) and would then have been SFL’s problem had they survived.
Would have been interesting to see how they would have reacted had Gretna been 7th or 8th and safe from relegation and suggesting a “newco” situation. It would have been in the rules to allow it but whether that happened or not is unlikely.
Mort
Interesting debate on what Celtic PLC should be doing.
I hope they’re getting some cash together for our 45th anniversary assult for our Cup.
But I think I have found a solution to one of R@ngers problems – their History.
Next time you get the histrionics from your blue nosed buddies just comfort them.
Explain to them they will never lose their history.
Then tell them about Belfast Celtic, they still have their history.
A museum as well if I’m not mistaken.
If the SPL clubs will not listen to the fans about their feelings (and surveys) in letting a Newco back in to the SPL then what if the fans were to pressure the players of each club into refusing to play?
Paul 67 / Ernie
If Ernie doesn’t, for whatever reason, wish to meet with Pl or a club spokesperson would the invitation extend to any of the other esteemed contributors to the blog? I am not nominating myself however I am sure that there are many on here that would willing size an opportunity to discuss the current situation with a senior board member. The only caveat being that the person represented all the views discussed on the blog and was allowed to give us an unabridged report on the discussion.