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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I gone done it again. The Bez question was for:
Can I Have Raspberry On That on 4 May, 2012 at 16:01 said:
Wild Bill seems to have had all these discussions with SFA, SPL, HMRC and been promised so much, or is that just Duff and partners accepting his word
Avec Bez, original line up, the carpets too
new article posted.
Mort on 4 May, 2012 at 15:30 said:
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
……….
But, I think we can go to court because our interests as creditors is not being looked after properly by the administrators and we can go for liquidation that way.
However its a mute point as it very much looks like our board worship at the feet of the almighty hun!
DBBIA
Think ole Mo ‘the bounce’ landed on the new Velodrome where he’s teaching the Thai Tims new movements he learned off John Sargent.
I got the moves like Bangura
I got the moves like Bangura
LiviBhoy on 4 May, 2012 at 15:59 said:
Ian Black
Since the Wee Huns are binning him will the New Huns sign him?
He is a guy I would never tire of hurling abuse at but see him fitting in at Ibrokes. They like to sign players like this guy.
———————————————————
Looks a wee bit older than 18 ,mate.
Gordon J,
I read article 11as applying to promotion/demotion,
Article 14 is the rules relevant to administration/liquidation, no ?
weeron,
I’m no expert but I think their is a Football creditor rule in England but not in Scotland.
i.e. In England football creditors have to be paid first for the club to continue in the League – HMRC are challenging this in the courts.
I think the Blue Knights were looking at clearing the Footballing debts first for general toddying to the SFA and they wouldn’t get a Uefa a licence.
I suspect that the Administrators would find it difficult to countenance this especially as they are riding rough over the secured creditors, although D&P’s uniqueness may find a suitable narrative.
Hail Hail
Chairbhoy on 4 May, 2012 at 15:46 said:
Serious Questions…
But Doubt if anybody knows.
On the proposed RFCia asset sale to Bill Miller, are the players included?
If not does anybody know what deal is with regards wage reduction/transfer fee reduction, it strikes me that there could be circa £5M to come in when the transfer window opens?
//////
If you watch the Paul Clark interview on the BBC website, yes, he says the ground, the training ground and the PLAYERS will move into the new company.
Quite a deal for only £11m!!
Paul
“If the SFA capitulate in the face of this evidence and reduce Rangers player registration ban they would be as well removing the pretence and accepting There Are No Fit and Proper Persons Criteria in Scottish Football.”
Surely this is merely one of a whole raft of pretences that are screening a host criteria that could be about to be cast aside in order to accommodate , not a newco, but in the long term, an oldco. That is the ultimate goal and the history of ‘Scottish’ sic raggers football provides no crumbs of comfort for those hoping for a just outcome.
H H
al jazerra are they a big sports tv channel. is so go on celtic sell our home and away games to them dump sky and espn ,full of huns anyway
God bless her majesty
s, revenue & customs
Morning,all.
Today’s tip is MINCE.
No surprise there then-they have been so since November!
It runs in the 420 at Newmarket.
Good luck………
My forlorn nap is Inxile…3.45 Newmarket.
Morning All
Ill be Good 4.20 Donc
Newmarket 310 French fifteen please for me
CQN napsters – naps here today, please…
Cheers, fleagle1888
CQN Saturday Naps Competition – Week 38 Results & Standings
Voguepunter climbs back to the top of the league with an excellent winner last weekend (Lexis Boy @9/1)… only 2 weeks to go !
+£23.00 voguepunter (6)
+£16.05 Som mes que un club (4)
+£ 8.83 fleagle1888 (7)
+£ 6.00 tommytwisttommyturns (4)
+£ 5.75 Cathal (8)
+£ 0.58 bobbymurdoch’s winklepickers (7)
-£ 2.67 Rockon (11)
-£ 3.92 Raymac (6)
-£12.25 Eurochamps67 (6)
-£12.25 What is the Stars (4)
-£13.25 BULL67 (3)
-£15.00 wolfetonebhoy (4)
-£15.50 twists n turns (3)
-£25.00 Che (2)
-£28.50 hunza rugli (2)
-£29.50 PFayr (2)
-£32.00 The Token Tim (1)
-£38.00 oldtim
*No selections from – Eurochamps67, hunza rugli, Som mes que un club, The Token Tim, twists n turns, wolfetonebhoy
Cheers, fleagle1888
Lads, my nap for today is :
FURY (2.00 Newmarket)
Cheers, fleagle1888
I’ll nap Elusivity in the 3:45 at Newmarket.
Is the FA Cup final only on ESPN? What happened to heritage sporting events staying on cooncil telly?!
Good luck,
TTTT
Fair Passion in 6.05pm Thirsk at 11//1 for me pls. GL all
Morning Lhads,
Going for ‘BORN TO SEA’ in the 3.10 NMKT.
Good luck all.
Gutted I never got a selection on last week, due to driving from Dundee to Ballieston for a first birthday party and leaving ‘phone at home. What a Saturday afternoon too…….
And that VP stole ma spot the lucky b………………
timetopickanotherbiggycsc
Tttt
It’s on ITV England.
Som mes – cheers, it is on ITV AD and ESPN.
VP – is it as good as Sea The Stars? I’ll probably back it anyway, huge fan of Mr Oxx.
T4
My selection today is:
Autarch.
GOODWOOD 1715.
All the best everyone.
Morning all, need miracles, so it’s Bronterre in the 3.10 Newmarket.
Best of luck!
I’ll be having a wee £1 on See Double You in the 3.50 at Limerick I think – but today’s horse is Pittodrie Star 8.30 Doncaster. The 50/1 shot next week :¬)
Be Lucky.
Golden Ticket in the 2.15 Limerick
going for a big un’….Astrophysical Jet in the 345 at Newmarket please at around 50/1 is my nap. Also hope Camelot proves to be the real deal
FFS,
Second again!
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