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.
301 Comments- Pages:
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Algarvian
Sorry but it is not clear at all. Due to your inability to take on the questions I proffered to you.
Hail Hail
I’ve never had an EBT
I’ve never had an EBT
I’ve never had an EBT
I’ve never had an EBT
I’ve never had an EBT
I’ve never had an EBT
I’ve never had an EBT
p
Folly Folly on 4 May, 2012 at 14:43 said:
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i wish i could answer those questions folly folly.
he has been part of a group trying to purchase english clubs before. perhaps he has an advisor on these matters and can’t make the scots/english distinction. absurd but not impossible. or believes EPL admission is achievable.
for the life of me, i can’t think of any way their paths would have crossed. they operate in different industries, in different continents, and in a different manner of business.
i can suggest a commonality though, although i stress this is UTTER conjecture on my part, and is in no way an accusation…
the only (possible) link i could come up with is… miller is in the manufacturing industry. the vehicles he constructs, well amends, are made from steel. a lot of steel. is it possible that in his years of purchasing steel he may have encountered a steel selling tycoon? i can tell you that he started disposing of his shares in his own company on 6th june 2011, a month after the fakeover. prior to this he has no record of disposing of his assets since 2003/4 when the global automotive industry suffered a massive downturn and he sold of swathes of the company to finance specialists in a bold move that gave him the resources to adopt the country’s dominant position in the field. this is why his ownership was only 6.1% in june 2011 and 3.1% now.
now, for that hypothetical scenario to be true would be an astounding manipulation. but, not impossible. perhaps whyte was the patsy, dodgy dave dumps the club on him and a year on he gets a cheque, minty emerges unscathed, miller gets his club, hector gets heehaw.
the only thing that is a spanner in the works is that, quite simply, it doesn’t appear to be his modus opperandi. minty’s, yes, but not his.
perhaps he’s simply a mug who saw murray, from afar, as a business guru, and was taken in by fanciful tales over succulent lamb.
aside from that, i can’t make any link between the relevant parties at all. all i’ve done was compile a “dossier” of his previous business dealings.
for the record, as i said before, i think he’s just a bit of a mug who has no idea what he’s taking on. much like whyte, actually. i suspect the hand pulling the strings is one far more familiar to us all. i reckon miller, and whyte too, to an extent, are nothing more than patsies.
Mort on 4 May, 2012 at 14:56 s
Seriously
Have you been in a space capsule these last 4 weeks or are you extracting the urine ;-)
Either way you are doing a very convincing job.
Hail Hail
I want more than £20 cause them huns can get SFA.
Mort,
So what you are saying is that the rule to transfer the share was actually included for these circumstances?
From what I’ve picked up over the course of this debacle, is that there has never been a rule which allows a liquidated club re-entry into the spl, quite simply because as in all other leagues when a club is liquidate its dead and there is no league in the world who want to support a dead club,
But now your telling us that’s all wrong ?
I think “the rangers soccer club” is a funny name
I think “the rangers soccer club” is a funny name
I think “the rangers soccer club” is a funny name
I think “the rangers soccer club” is a funny name
I think “the rangers soccer club” is a funny name
I think “the rangers soccer club” is a funny name
I think “the rangers soccer club” is a funny name
I think “the rangers soccer club” is a funny name
play
EKBhoy on 4 May, 2012 at 14:31 said:
I agree with pretty much all of that, except that I would keep Kayal and sell Ki.
The one you missed was Juarez. He should be sold. Or given away. Anything to get him off the wage bill.
Jock Tamson/Folly Folly:
The truth is, there’s an even more obvious link, and it’s Andrew Ellis. It’s already been established that Ellis has connections with Group 9 Sports, and that they were the vehicle by which Miller invested in an American sports team before. Someone said earlier his connection to motor racing is explained by his core business, which is in trucking … a little like saying Brian Kennedy is in the same core business because football and rugby both use a “ball.”
He’s tried to “invest” in football before. He’s invested in hockey. The guy dreams of owning sports franchises in different businesses. One of the attempts he made to crack football was made with, at least, peripheral involvement of Andrew Ellis.
I suggest Whyte asked Ellis if he knew anyone interested in owning a football club, someone who had tried, and failed, to get a foothold in the game. Ellis suggested first the Group 9 Sports consortium, and then Miller himself.
The link is there if you want to see it. Did you hear Guidi and the rest of the panel on Clyde last night? Hardly bigging the guy up as a hero; to me they sounded scared, scared of something they know which maybe we don’t.
They were not convinced. The Blue Knights are not convinced. Something about this is not right, and even the Rangers fans know it.
canamalar
No idea why the rule was included but it was included for some reason.
There should be no scenario that allows a club that has been liquidated to gain access to the SPL but this is a slightly different scenario as the club or company won’t actually be liquidated until later on in the procees (if at all).
It is a strange rule that I can think of no other reason for inclusion apart from to enable this type of situation.
Mort
Written from a gaol in Santa cruz, bloody GG and his advice, there’s me arguing with the pharmacist about my medical marijuana for my broken toenails, meanwhile his bloody assistant has only gone and called the rozzers.
Ifievergetoutofhere csc
Philvisreturns @ 13.07.Agreed that the Belfast Celtic option is the one that the huns would like best, followed by other self-inflicted injuries such as refusing to play Rangers. At the risk of repeating myself – & who doesn’t on this blog – the simplest, most pain-free solution is for the Celticsupport to boycott ALL our games against TFOD. Of course, as the calmer voices here keep reminding us, it may never come to that.
BTW I notice that CQN’s shame has been shooting off his foul mouth again, this time at Gordon Strachan. As it happens, I agree with Neil that Celtic doesn’t need Rangers iin the SPL but obviously,t anyone who dares to disagree with him deserves to be sworn at rather than reasoned with. Anyway, what has that little s**t Strachan ever done for Celtic? He only led the team to 3 in a row which pales into insignififcance beside canamalar’s achievments.
The SPL will put it to a democratic vote of their members, who will vote as they see fit.
We can only account for one vote, we are only responsible for one vote. To feel that Celtic should take on the moral responsibility for the entire (democratic!) voting outcome is absurd.
And a simple question, how would a company with Celtic’s overheads even survive on division 3 turnover?
Mort
the exact same as the special discretion used by the SFA that allowed them to just stop short of expelling Rangers from the national association.
We need to be asking the reason why and publicly and preferably get the answer in writing ?
THERE IS NOTHING WRONG WITH AN ASSOCIATE MEMBER ASKING FOR THIS CLARIFICATION
HAIL HAIL
We are owed money by the huns, we can apply for the liquidation process to be begun right now. If the board so desired, that is!!!!
awe naw
totally agree
The share transfer rules had to be included by the SPL for two reasons. Firstly to allow for promotion and relegation. And secondly for any situation whereby a current member stops playing for any reason.
If a club simply went bust and disappeared, what would you do? Continue as an 11 team league? Or transfer its share to someone else to make up the 12?
Mort,
Try transfer between demoted and promoted clubs, it’s pretty simple really.
for what it’s worth.
if ran….s are sent to the 3rd division we have a weaker league, but we still have a league…….however if they are allowed back into the spl we will have no league at all.
I think we should keep Juarez. Simply because I once saw him wearing a Jam t-shirt.
MexicanModCSC
The reason there has never been a rule to assist a liquidated club stay up is that liquidated clubs have by their own actions discredited and discounted themselves of any sympathy for bringing the game into disrepute.
To twist the rules for one team shows the dishonour of the whole setup.
I see my biggest fan/stalker is back, how’s life on the dung heap inverstig
I fear we are about to witness the hun newco rehabilitation strategy that some of us, well those of us with a backbone, regardless of those who will try and talk you round to some kind of so called financial realism ,are against with every fibre of their being.
After being quietly shafted by Sir David Murray from every possible angle for 25 years. Really ? not forgetting what went on pre Davie
Should we line up to give Sir David Thanks and praise for New Celtic Park ? His efforts were involved too along with RBOS
Should we be truly thankful for the last 10 years of financial prudence as we followed the FFP model ? and naturally of course we are not going to be able to take advantage of this once in a life time live saving opportunity that the SPL is about to present as that loophole will soon close.
The one saving grace is that we find out very very soon.
And if CQN canvassing of opinion is anything to go by its not looking good.
Next years SPL fixtures will put our mind to rest I am sure.
hail Hail
James Forrest is Neil Lennon! We are ALL Neil Lennon! on 4 May, 2012 at 15:08 said:
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can’t say i found any evidence of ellis’ involvement with club 9 sports to be honest, apart from conjecture which came after their announced interest in the club. most of that emanated from places like folly folly. it has however been pickedup from there by others, as fact (as happens on t’internet).
please note, i don’t mean there isn’t any involvement, just that there isn’t any evidence of it.
what i did manage to find out is that bill miller has at times been called in as an investor in club 9 sports for certain takeover they were pursuing. club 9 sports have strenuously denied any links to bill miller, except presumably in courting him for backing.
please note, of relevance… for all the conjecture about miller’s involvement in other takeovers… he sold NO stock for nearly 7 years prior to last summer (when the other supposed takeovers were touted) but has relinquished 50% of his holding in his own company in the last year.
i do agree there is a “link” between club 9 sports and miller, and therefore that may be a link to ellis, but best i can tell if he was involved in any previous takeovers with them, it would have been peripherally. notwithstanding recently ill researched newspaper articles which the facts contradict.
it does beg a question however. we know that ellis and whyte were involved prior to the fakeover. we know ellis and murray were involved prior to the fakeover. if ellis and miller were involved prior to the fakeover…
is it hypothetically possibe that ellis might be a henchman for a man who is no stranger to a fine claret?
to be honest, i still see ellis as a bit of a bluff. i think he’s just a walter mitty type who wouldn’t be capable of pulling off a bluff on this scale.
like i said, i’m plumping for option a) out of his depth fool with no concept of the poison he’s gotten into.
I see Peter Green’s on BBC4 tonight should be good, now if he was born in France would he be known as Pierre Vert?
Hail Hail
I recall that maybe someone said the punishment for bringing the game into disrepute, is expulsion.
Well if….
A potential 134 million pound default, including the very much pre-planned non payment of substantial PAYE/VAT.
Dual contracts/ineligible players/wrongly used EBT.
Attempts to transfer “the club”, spl share”, “history” etc. & leave the “toxic stuff”, the debt, potential sporting penalties behind etc.
etc.
etc.
(feel free to add to this list everyone)
….. is not bringing the game into the most serious level of disrepute that can be imagined.
Then the rule, if it exists, is pretty much pointless.
Apologies if I am remembering wrongly about this rule.
canamalar
Transfer from relegated to promoted clubs is accounted for in rules. here are all reglations relating to transfer of share:
11. Except where such transfer is occasioned by the promotion of an association football club from and relegation of a Club to the SFL the consent of the Board shall be required before the transfer of any Share shall be registered.
12 The instrument of transfer of a Share may be in any usual form or in any other form which the Board may approve and shall be executed by or on behalf of the transferor and, unless the Share is fully paid, by or on behalf of the transferee.
13. The Board shall refuse to register the transfer of a Share:-
(i) to a person who is not the owner and operator of a Club;
(ii) unless the instrument of transfer is lodged at the Office or at such other place as the Board may appoint and is accompanied by the certificate for the Share to which it relates;
(iii) except where the transfer arises on promotion of an association football club from and relegation of a Club to the SFL, the consent of the Board has not been given to the transfer;
(iv) if the transferor and/or transferee shall fail to provide such evidence as the Board may require to show the respective rights of the transferor to make the transfer and the transferee to become a Member;
(v) if the instrument of such transfer is in respect of more than one Share; or
(vi) if the transferee or an Associate of the transferee shall own or have an interest in any other Share.
14. If:-
(i) a Member shall cease to be entitled to hold a Share; or
(ii) a trustee in sequestration, manager, receiver or administrative receiver shall be appointed in respect of a Member or any property of a Member, or an administration order shall be made in respect of a Member or any property of a Member or an order shall be made or an effective resolution passed for the winding up of a Member otherwise than for the purpose of reconstruction or amalgamation;
then that Member or its manager, receiver, administrative receiver, administrator or liquidator or any other person entitled to the Share shall, on receiving notice in writing from the Board following the Company in General Meeting passing a Qualified Resolution that such notice should be issued by the Board and confirming the identity of the proposed transferee, transfer its Share to such other person as the Board shall direct at the price of £1 and the Club owned and operated by such Member shall forthwith cease to be a member of the League and the Club owned and operated by the transferee shall become a member of the League in its place.
15. Notwithstanding the terms of Article 14, the Board shall be entitled, at any time following the final League fixture in any Season, to require a Member to transfer its Share, at a price of £1, upon the Club owned and operated by that Member ceasing to be entitled to participate in the League as a result of its relegation from the League and as and from the date of such request such Member shall have no rights in relation to such Share save in relation to Articles 94 and 95 hereof and shall cease to be entitled to be and remain the holder of such Share.
16. The transfer by a Member of a Share shall not prejudice any entitlement to receive any sum from the Company in accordance with the Rules.
17. Whenever a requirement to transfer a Share shall arise, if the relevant Member shall fail to transfer its Share within seven (7) days of notice having been given of the requirement to transfer, the Board may authorise any Director of the Company to execute a transfer thereof and a transfer so executed shall be valid and effective as if the same had been executed by the Member concerned and the transferee shall on payment of the sum of £1 to the Secretary to be held in trust for the transferee be entered in the register of Members as the holder of such Share.
18. No fee shall be charged for the registration of any instrument of transfer or other document relating to or affecting the title to any Share.
19. If the Board refuse to register a transfer of a Share, they shall within two weeks after such refusal send to the transferor and transferee notice of the refusal stating the reasons for such refusal.
20. The Company shall be entitled to retain any instrument of transfer which is registered, but any instrument of transfer which the Board refuses to register shall be returned to the person lodging it when notice of the refusal is given.
Mort
JohnnyClash on 4 May, 2012 at 15:21 said:
OK, we can keep him, but only if he grows a Bruce Foxton feather cut mullet type thing.
Peter Green, ne Greenbaum- is it a new show, or a repeat?
The more I think of it (the more I smell burning) the more it makes sense.
Start a new league in Scotland, something that Doncaster’s spineless SPL, Rangers with their decades of illegal decadence and the masonic fraternity of refs will not be part of.
Don’t just accept the re written rules of SPL, dont chuck it all in. No need to do either.
Build something honest from scratch. Even if it takes a few seasons to be recognised as the ‘Premier’ league of Scotland and worthy of Uefa places.
It can be done because it has been done.
Learn from the utter shambles that has been exposed and start from scratch. Whatever it takes. We will be the only show in town for the next five years anyway. The wee didd(n)y teams can do nowt but follow the money
Or if he buys a pair of the ole Rick Buckler tinted granny spex?
Nothin’ like a few rammies to set up the afternoon.
Anyway,in case no one’s noticed,Ole Dusty is an asset stripper. Guess whose assets he thinks he’s going to strip next?
Aye,that’s right.
Stupid huns. Even they can feel his mitts on their assets. lol
Keep The Faith.
See my £20 from the huns,can they just stick
it in the ‘Little Sisters of the poor’ box for me,please?
How many Peroni’s could I get with a score?
greenjedi at 15:13:
We are owed money by the huns, we can apply for the liquidation process to be begun right now. If the board so desired, that is!!!!
Not possible. Administration protects a company from any insolvency procedures that can be taken by creditors.
We could have done that before they went into administration if we had served them a demand and they had neglected to pay it within 21 days. No idea what this £40k debt relates to so not sure when we should have received it.
Mort
che
Nobody likes a smart arse!!!
I did laugh however :-)
Mort on 4 May, 2012 at 15:30 said:
Nonsense … anything between Celtic and Rangers are footballing debts and therefore come under the auspices of UEFA
Hail Hail
Awe_Naw_No_Annoni_Oan_Anaw_Noo:
And that, mate, is the bottom line. We all remember where we were on Black Sunday, we all know how horrible that felt. This site was united in grief, with some anger on the side about how “financial prudence” had been put in front of the priorities of the team. I still believe – and always will – that we would have won had we signed the striker we needed that year.
The pain of that day will never go away, even with the retrospective awarding of titles, if such a thing ever happened … but I will be comforted by the knowledge that they cheated, and were punished … and that will make it easier to look back.
If that defeat is about to be compounded by a disgusting deal which allows the cheating we now KNOW took place to go unpunished then it means not only is the idea of natural justice a joke, but our whole strategy these last ten years has been a joke … and the joke is on all of us. Those awful days we all remember were not only un-necessary but look all the more horrendous …
Anything short of us fighting this all the way to the courts will make our entire approach to the last ten years a laughing stock. The Hun will mock us for it, and they will be right to. We will deserve their contempt, unless we are willing to take it to the last round of ammunition, and, if necessary, to die in the ditch.
Who believes it will come to that? These people have had their own way so long I am willing to bet they are yellow from earhole to a-hole. If push hard enough all the dominos will fall and the entire notion of the NewCo SPL start will be dead.
If we have the guts – and the will – to fight this we will win.
If it happens, I will never be able to shake the idea we played some part in that.
Gordon _J
If a club simply went bust and disappeared, what would you do? Continue as an 11 team league? Or transfer its share to someone else to make up the 12?
Good point. That will be the reason it is included.
Mort