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!!
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301 Comments- Pages:
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Headtheball on 4 May, 2012 at 13:21 said:
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.
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And surely that can NOT happen? If the assets are worth more than £11m then surely liquidation forces them to be sold off for the best price, not to a preferred bidder?
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.
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are you the same ernie lynch who castigates paul for “You’ve taken upon yourself to proclaim that it’s you’re way or it’s no way.” oddly ernie, the only person i see adopting a “snide tone” is you, to anyone who doesn’t see things “your way.”
it was me a couple of days ago. it’s algarvian now.
i personally couldn’t care less if you spoke to lawwell or not, but i am somewhat perplexed as to where the authority for animosity towards alternative viewpoints, and specifically derogatory remarks towards the posters who make them, comes from? especially when they are not specifically addressed towards you.
i “kept my powder dry” about your comment towards me the other day, but you seem to be infected by a strange affinity towards personal abuse to others as well which i find “unbecoming.”
alternatively, of course, perhaps you’re just always right.
Resemblance of Super!mo to hoopslegends John Hartson and Francis X. Mcgarvey is tested by his reluctance to attempt to score.
It’s like he’s got a note from his mum.
Awe_Naw_No_Annoni_Oan_Anaw_Noo on 4 May, 2012 at 14:32 said:
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
Eh?
When did I call Paul67 a hun, or anyone else for that matter, what are you on about?
MIK67 1407
PHILVISRETURNS can take the abuse which his political leanings deserve,but saying that his opinions don’t represent the Celtic support is a tad disingenious.
Neither do yours or mine.
We are a broad church,and disparate in our opinions.
As it should be.
Mort
Huh ???
I think Alex Thompson highlighted it nicely when he said the SPL is all about money
Old Firm here we come.
What do you reckon.
What is in your water ?
Old Firm next year with Newco or not ?
Hail HAil
Aye Mort, even with my limited knowledge of business etc, youre either solvent or insolvent.
Oh I get it, you can be hunsolvent which is that sort of middle ground only applicable to lying, cheating, criminal bassa institutions trying to jettison all the bad stuff and well, keep the bad stuff. If ya ken ?
Dontbrattbakkinanger, my limited reception here at work obviously doesnt give me access to the quality stations. Sniff.
Algarvian on 4 May, 2012 at 14:35 sai
Sorry I thought you were backing up AsonofDans post when he spoke about being told not to go to games buy ST etc.
HAil HAil
Mort
What is to stop Celtic trying to form a ‘Superleage’ call it what you like. A leage where we invite other Scottish clubs to join who are opposed to newco. We increase their share of TV revenue as we are the big pull internationally. (See Auldheids spreadsheets!)
Apply for registration the same way the SPL did when they broke away?
No idea if that can be done, but don’t see why not if the SPL did it all those years ago. Thistle, Ayr Utd etc aren’t much behind the Dunfermlines and St Mirrens of the world.
Auld Neil Lennon heid on 4 May, 2012 at 12:32 said:
I would like to try a little experiment with the help of CQNers.
My request is that you Tweet Speirs @Grahamspeirs and Simply ask
” Will you respond to Auldheid’s challenge to define what Rangers stand for? Letter delivered via R Clyde last week.” It fits the 140 character limit.
———————————————–
I did, then realised that’s the wrong Graham Speirs.
Please note, the correct twitter address is @GrahamSpiers (ie and e the wrong way round
———-
Incubators and history,
How ridiculous can these Scottish spin masters get ? They must be suffering withdrawals from the succulency sucking. So let me understand this. Is someone is trying to make me believe that:
The club formerly known as rangers will be incubated in 2012 and retain their history (eg 54 titles)
The 1ST newco (poundland fc) will operate for a unknown period of time (I don’t know how long) and lets say for the sake of argument that the 1st newco win 1 title during this unknown period of operation
The 2nd newco (no one likes us fc) which will then incorporate the club formerly known as rangers, plus the1st newcos records together. And then claim to have 55 titles on the day it was formed.
Voila and Bobs yer uncle Jean. Simples.
Hmmm, let me think now,I therefore suggest that Celtic immediately buy up the defunct clubs in Scotland and we then can add the trophy haul of Third Lanark, Clydebank, Gretna and Airdrie (or was their trophy record already sold?) to our own impressive haul.
Since the other now defunct Scottish sides might represent an quite insignificant trophy haul we should not stop there, No. We should also look further afield and also merge the trophies of foreign sides into our own trophy haul. Does anyone know of foreign side that has won a European trophy and wants to sell their history? We need to move quick before Bill Miller buys their history from them.
And bearing in mind that countries such as West Germany no longer exist, I suggest Peter Lawell moves quickly to snap up the West Germany World Cup Titles to add to Celtics collection, who says were no the best club side in the world noo then eh? Weve noo won the world cup!!
Which takes me right back to where I started from “How ridiculous can these Scottish spin masters get?”
Oh and when are the powers that be going to make a statement on what the hell is going on ?
Be that the SFA or UEFA.
Algarvian on 4 May, 2012 at 14:35 s
Actually that´s exactly what you did
So can try to explain yourself as it would seem you have lost you train of thought these last minute and a half
Hail Hail
Anyone starting to think HMRC let Duff and Phelps in to see if they hoisted themselves by their own petard?
philvisreturns_2 on 4 May, 2012 at 12:52 said:
“What are the Lib Dems for? (thumbsup) ”
Protest votes. Which is ironic as they arwe the one’s now being protested against.
jock tamson on 4 May, 2012 at 14:10
Interesting: but it still leaves one wondering how and why this guy (who reports suggest doesn’t even hold a current passport) became interested – or would want to become interested – in The Foe Malign.
Did he see an ad in his local paper?
Does he realise what a toxic product he’s getting himself involved in?
If, as Paul suggests might be the case, he may be in cahoots with Whytie, how did their paths cross: what’s their commonality?
Your research suggests to me that it’s not a quick buck on the part of Miller.
His 11th-hour appearance on the scene may be no more than a cremarkable coincidence (so far he doesn’t seem to have parted with so much as a Fergus-style thin dime), yet D&P’s keen-ness (at this critical juncture) to embrace his advances suggests either that he is a bona fide investor, or a smoke screen for Craigy Bhoy.
Fascinating stuff …
FF
Awe_Naw_No_Annoni_Oan_Anaw_Noo on 4 May, 2012 at 14:37 said:
Algarvian on 4 May, 2012 at 14:35 sai
Sorry I thought you were backing up AsonofDans post when he spoke about being told not to go to games buy ST etc.
HAil HAil
I stand by what I said, what right do I have to tell folk in Glasgow to boycott the club?
I never tell anyone what they should do.
Almost without fail, every day/night on here, we will have someone say, “don’t read the papers, don’t listen to the phone ins, don’t buy a season ticket.
I do what I like, I won’t be swayed by someone on a forum, trying to bully me.
Got to be honest here,folks.
I’m glad I’m on a night-shift,otherwise I might be one of,erm,everyone else falling out amongst ourselves about the huns.
Face it,folks. They’re f….d. No amount of dancing is gonna get a pull from a billionaire.
No amount of calling on the widow’s son,and feet at foursquare is gonna help them out.
They are G-O-N-E.
G-O-N-E.
How about a wee celly,instead of a cyberfight?
Works for me………….
monteblanco
A breakaway league might work. I doubt there is much difference quality wise between some teams in SFL1 and SPL.
Not sure of the logistics of setting up the league and having it declared the “top league” in Scotland as would need to happen for UEFA competition qualifications.
Mort
I’m Neil Lennon (tamrabam) on 4 May, 2012 at 14:39 said:
—————————————
mind snaffle up wimbledon’s FA cup as well…
Algavarain
But it is okay if you live near Glasgow ?
Paul67 told us all a few weeks ago to boycott the Killie game
I cannot see where that makes him a hun or why he is more allowed to call for a boycott than someone who does not live in the surrounding area.
And I am pretty sure neither you or SonofDan cant do so either without making a fool of yourselves
Hail Hail
Ernie………………………………
Get some bloody work done m8
BigJoetellingYOURboss
Changing the subject somewhat. I thought the camera angles were really poor at the game last night. Is that Celtic’s own coverage which other channels bought into?
Mort
what about demanding their permanent expulsion in any form
Hail Hail
celt55
I thought coverage was from C67
Pretty sure Stokes was offside so I am not complaining ;-)
Hail Hail
listen lads, i told you yesterday.
CALM DOWN…THEY WILL NEVER GET AWAY WITH IT…
Ernie:
“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?”
I don’t think many have genuinely fallen for such arguments. I don’t think those delivering them believe them to be true. They are delivered for one reason only, to ‘convince’ us that the establishment club must be saved and must retain its league status. Were Celtic to deprive themselves of a league to play in in order to expose such arguments I anticipate our fate would cause more hilarity for the establishment sycophants than the huns present debacle causes us.
Protest, complain to the available authorities, seek admission to a fair league elsewhere, consider fan action, etc. but to wound our club as a response to wrongdoing by our rivals and their friends in the footballing establishment doesn’t strike me as the most effective strategy mate…
Awe_Naw_No_Annoni_Oan_Anaw_Noo on 4 May, 2012 at 14:49 said:
That’s why I was asking. I watched various clips to try and get a better angle, but they’re all the same.
The BBC’s tend to suggest he wasn’t when they slow it right down. I would think that though!
25thmay1967
It is not THEY we are worried about
ToothCheetahlongINspotsCSC
Hail Hail
Lifted from Twittttttttttttttttttttter
Celtic News Now@CelticNewsNow
Rangers owe £20 to every man, woman and child in Scotland http://youtu.be/42oV351mHII @alextomo
Now…………………………………….
That’s just wrong……………………………………
BigJoeinSpain,soThayAINTgettingMYdosh
awe naw
THEY will not go away, but THEY will not get away with this
West Wales Celt
What about hijacking the whole national game via the law courts if natural justice is not seen to done ?
Nobody is making any money then and as they make the most through us and we are the only show in town. Why not ?
It is time to stop pretending and lying to our customer base that we dont have all the aces up our sleeves
Hail Hail
Awe_Naw at 14:48
what about demanding their permanent expulsion in any form
That is the ideal situation but as I have already pointed out, SPL rules permit transfers of shares. We can’t ask the organisation of which we are a part to change their rules just to suit us.
We would be aghast (and rightly so) if the SPL tried to bring in different rules on the QT to allow Rangers to get away with non-payment of taxes etc.
All I am saying is that the club should wait and see what happens and if any rules have been broken then is the time to act.
Canvas supporter opinion by all means but what questions would we ask?
Mort
Awe_Naw_No_Annoni_Oan_Anaw_Noo on 4 May, 2012 at 14:46 said:
Algavarain
But it is okay if you live near Glasgow ?
Paul67 told us all a few weeks ago to boycott the Killie game
I cannot see where that makes him a hun or why he is more allowed to call for a boycott than someone who does not live in the surrounding area.
And I am pretty sure neither you or SonofDan cant do so either without making a fool of yourselves
You seem to be trying to fudge the issue here.
I have never, and will never, call Paul 67 a hun, clear?
Re: a boycott of the killie game, yes I would have been in favour.
What I won’t do is DEMAND, that Celtic fans are told what to do with their own money.
Whether that involves buying papers, listening to radio, watching sky, or watching Celtic, people have a free choice.
To reiterate, we all know they cheated, we all know that the very best they should hope for is to be liquidated and their newco to start in div 3.
Whether that actually happens though, is another thing.
What we have to remember is, even if they are allowed back in to the spl, they are going to be hogtied for many years, we should be able to look forward to umpteen in a row, and ritual humiliations for them.
25thMay
Of course but us even giving them a tiny bit of encouragement is TOTALLY REPUGNANT
Hail Hail
ernie
Mostly had to lurk these past few days but I do see that in one or two cases you’ve been misrepresented.
We’ve discussed this before but my position remains, if Celtic are to follow your proposals then ultimately it will come down to a choice for the SPL chairmen between us and the huns.
We both know which of the two they would plump for.
I want my £20.
I want my £20.
I want my £20.
I want my £20.
I want my £20.
I want my £20.
p
Guys before he asks could someone post the Predictor link for HT
cheers