Sterling work by Chris McLaughlin at the BBC who brought us the news that Duff and Phelps have rejected a bid for Rangers from Brian Kennedy, the owner English rugby club, Sale Sharks. Earlier today Kennedy suggested the administrators get their act together and move towards appointing a preferred bidder.
A preferred bidder may now be identified, if not yet publicly announced.
I can imagine the process to whittle bidders down:
‘Tell me, do you own Ibrox Stadium or security and floating charge over it?’
‘No? Ah, that’s a problem, as we don’t have it either. Where do you propose to play matches?’
‘Forget that one, someone tipped off St Mirren.’
‘Don’t take that tone with me, we’re doing our best in difficult circumstances and we’ve not been paid a pound. Yet.’
Craig Whyte controls the security and floating charge over Ibrox. He provided Ticketus with security for the money they due on the season tickets they purchased, worth in the region of £40m.
Mr Whyte and Ticketus, or a proxy, are the only show in town – and that show is not a CVA. Everything else is just shooting the breeze at £600 per hour.
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Mrs. BT
Happy Birthday
ernielynch
ok i stand corrected !
as i said in earlier post i aint no lawman
A nice wee read:
http://www.belfastceltic.org/bertiebringsdownthehouseforcharlie.html
Happy birthday Mrs BT,you have had a lot to put up with.
take a day off.
RRC
Honestly good luck to you and I hope you manage it.
Never thought I would be so ashamed at being Scottish.
Thanks for the reply Paul
Its not that long till the season book renewals start popping through the door. Hopefully Neil will be planning next years treble as well. If not the there might be some hard decisions to make.
KTF
Happy Birthday Mrs BT
Happy Birthday Mrs BT!!
My Birthday the morra Ghuys,,,not expecting anything too expensive ok,,just something small will do !
:D
Hail hail
Raymac on 29 March, 2012 at 14:14 said:
You may be right about Timbhoy 2,but it was Timabhoy
who’s been posting this afternoon.
ibleedgreenandwhite1 on 29 March, 2012 at 14:18 said:
Will drop off bottle of buckie with ribbon attached after work
tomorrow.
Happy Birthday Mrs BT
Having a beer for you and your hubby out in the garden
Enjoy
Apologies–my mistake. Transfer the comments to the named man, and what’s left over to Duff and Duffer.
voguepunter on 29 March, 2012 at 14:20 said:
ibleedgreenandwhite1 on 29 March, 2012 at 14:18 said:
Will drop off bottle of buckie with ribbon attached after work
tomorrow.
LOL
Hail hail
leftclicktic @14.10pm
That was brill!!!!
JinkyvJohnGreig-saysitall on 29 March, 2012 at 13:38 said:
You can’t play in Europe if you owe the taxman.
According to the STV news a few minutes ago the Kennedy bid was rejected because he didn’t offer enough! Wonder if he is off to count his loose change before submitting a higher one?
the good lady has attained the age where I can now let her out on her own…. o))
Gordon_J backing Neil Lennon on 29 March, 2012 at 14:24 said:
Kennedy offered 75p, only 75% of the club’s value. No wonder they threw his bid out!!
Paul67
So when they lose the big & wee taxcase and go into liquidation, will they appeal saying it is all that pesky cqn’s fault yer honour?
That Bertie Auld is some legend,it has to be said.
I also think of Billy McNeill and the rest of them – not only outstanding footballers,but perfect gentlemen as well.Even though they achieved such greatness,they remain so very humble.
1967.
RRC: on 29 March, 2012 at 14:06 said:
Christians Who Hate!!!
Pollokshields, late 1980s. Me, new in Glasgow, chatting to folk in local catholic church. One kind soul took it upon herself to warn me not to choose to live in Pollokshields/Govanhill on account of it being a zone of ‘licorice allsorts’.
Not the kind of christianity I was brought up with.
Also on STV news was a report on Cha’s appeal being denied. It stated that the club had been represented by Neil Lennon and Peter Lawwell before cutting to an interview with our CEO as he left Hampden.
“Did you get a fair hearing Peter?”
“I don’t know. I wasn’t there,” he replied.
blantyretim on 29 March, 2012 at 14:24 said:
the good lady has attained the age where I can now let her out on her own…. o))
————————————————————————-
She said the same about you 20 years ago.
Whyte must ‘take blame on his own’ for Rangers crisis, claim administrators
By STEPHEN MCGOWAN
Rangers administrators will plead for SFA clemency by pinning the blame for the club’s mismanagement solely on owner Craig Whyte.
The Ibrox club will appear before a Hampden hearing charged with five offences of breaching SFA rules. Whyte, who retains the majority shareholding in the club, is also charged with two individual breaches following his takeover last May and could be banned from Scottish football indefinitely.
The charges follow the finding of an independent enquiry, chaired by Lord Nimmo Smith, that Whyte was not a ‘fit and proper person’ to run a football club.
While the discredited owner is not expected to appear in person, administrators Duff & Phelps will present signed evidence from former disgraced directors claiming they warned of possible consequences unless bills were paid and the club was eventually run properly.
The aim is to prove that Whyte, rather than Sir David Murray and his fawning fellow Ibrox directors, should bear the responsibility for failing to meet their responsibilities. Tthe failure to pay Dundee United the outstanding sum of £61,000 for Scottish Cup ticket sales also hangs in the air.
The other SFA charges concern breaches of compliance with SFA articles, entering administration, bringing the game into disrepute and failing to act ‘in the best interests of association football’ as a club and via individual officials.
Legal representatives for Duff & Phelps will claim, however, that there was a ‘clear distinction’ between the actions of Craig Whyte and the actions of Sir David Murray club. No decision is expected on Thursday as Duff & Phelps dictated to the SFA that they do not expect any surplus annoyance from them while they attempt to save Rangers.
Meanwhile, money raised by Rangers fans will be used to settle a debt owed to Dunfermline — but no cash will be forwarded to Dundee United.
The Rangers Fans Fighting Fund (RFFF) has raised around £250,000 and have agreed to pay £22,000 still owed to the Pars from ticket sales for an SPL meeting between the clubs at East End Park last month.
However, they have decided not to settle the £61,000 owed to the Tannadice outfit from the Scottish Cup tie.
Andrew McCormick, chairman of the RFFF, said: ‘It was agreed we should use some of the money collected by our fans to pay off this outstanding debt (to Dunfermline). This is a debt of honour to a club of honour.
‘Consideration was also given to using some more of the funds to pay off money owed to Dundee United. But that was rejected as there were strong views that, in recent times, Dundee United had treated Rangers and their fans with disdain.
‘Rangers fans were angry when Dundee United levied an extra charge on Rangers ticket holders if they wished to attend an abandoned game at Tannadice. That is a debt of dishonour
http://www.youtube.com/watch?v=0zi4FwUGsX4&feature=related
Still can’t understand a hibs fan wanting to buy rangers
Wish there was a way out of this league, I guess we can all dream of equality and fairness!!
B T 14.13
Happy birthday to Mrs B T?? Fitt nae kisses??? Oh dear!! X Ther you go Mrs B T x
raymac
Dont blame it on timbhoy2
im sure hes a fine upstanding
young man, and his spelling
is impecable !
God bless NFL, don’t let the bastards drag you down son.
BT, happy birthday to your good lady. A wee meal in Carrigans to celebrate?
brimmer
sparkleghirl
Nor me…
You still enjoying your strawberries and ice cream?
Duff & duffer chat about getting £600 per hour EACH :)
http://www.youtube.com/watch?v=_JmA2ClUvUY
HAIL HAIL
RRC: on 29 March, 2012 at 14:06 said:
“I used to attend church at a Christian fellowship in Glasgow for a while, until it was explaned to me one Sunday that having been born a Catholic …”
“Born a Catholic,” eh?
How did you swing that?
How did you manage to skip past all the sacramental stuff … ?
;-)
RRC: on 29 March, 2012 at 14:33 said:
You still enjoying your strawberries and ice cream?
:) Strawberries yes. I’m giving the icecream a miss owing to Operation Bikini.
Hey, Lenny:
Have a good, long mocking laugh at them and their hate-fermented wee inbred society.
You’re the champion, and so is your team; Of ‘their’ country, Ra Peepil’s empire.
And they hate that most of all. Hail, Hail.
timbhouy2
Brian Kennedy publicity stunt
another michael Branson
brimmer
A wee meal in Carrigans? Have you saw his post to Mrs B T at 14.13? ” 2 weeks in Tenerife mair like after that!!
God bless Neil Francis Lennon
We shall not be moved
F!!! The sfa
Jam67