It was theoretically possible someone could have bid for Rangers today but it was always more likely that interim-managers, Duff and Phelps, would get offers that were dependent on a remarkably positive upside.
Sure, if HRMC get their bums handed to them on a plate by the First Tier Tribunal (FTT), Craig Whyte decides to tear up his security on Ibrox and Ticketus forget where they put the contract of sale for the next three years season tickets, even I’d bid for them. Not much, though, I’m only interested in Waitrose Park out at Milngavie.
There is nothing Duff and Phelps can do about the FTT but wait for the verdict. It might report in their favour. If so, it’s game on and they will surely invite offers for sale again, until then, they will have to shuffle paper and look busy.
No one has been able to shift Craig Whyte’s security or offered to buy Ibrox from him, so he is the only real bidder for Rangers and I don’t think he even bid today. Our old friend Game Theory would have us busy planning for a scenario when he exercises his power in this game. Ostracising him might encourage him to walk away, or it might force him to dig his heels in.
Game Theory would also suggest we don’t play poker when we know the other guy has four aces, they don’t often walk away.
Pay the man or find a way of telling yourself he’s not that bad after all.
Issue 7 of CQN Magazien is out now! Go to the dedicated magazine site here to read it properly (which you’ll not be able to do below).
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