When Duff and Phelps put their initial deadline in place for bidders for Rangers back in March, Celtic Quick News took the view that Craig Whyte was the only show in town and that any successful bid for the company’s assets would have to come from him or his proxy.
We didn’t know who his proxy would be then and we are still not sure – although we could have a pretty good guess.
Place the current SPL and SFA dramas aside for a moment. If a deal is done to allow a Rangers-Newco to apply to play football next season the new ‘owner’ will be a Craig Whyte appointment.
If this unfolds in the days to come, I fully expect the SFA will take a very long time to consider any Fit and Proper questions, and I expect the SPL board will vote 4-1 to allocate a share in the league to the Newco.
Celtic, united with their own fans, and fans of the Gang of 10 clubs stand in one corner. The boards of the Gang of 10 want Rangers-Newco money too much to object. Don’t even count on Newco being subject to the penalties discussed at yesterday’s meeting.
A CQN’er is raising funds for the Wellburn Care Home in Dundee. Run by the Little Sisters of the Poor, Welburn offers incredible residential support for those in need in the Dundee area. It is only a viable concern through the dedication of the sisters and volunteers and fundraising initiatives such as sales of work, coffee mornings etc.
You can support their work by bidding for a Celtic top signed by the first team squad at this eBay auction. Your help is greatly appreciated.
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one more question about the takeover…and i don’t recall anyone mentioning it before…
before purchasing something like a football club, it is surely prudent to perform tests of due diligence.
how do you perform due diligence on a club that hasn’t lodged any accounts for a couple of years?
how do you assess the club’s value with no verifiable records?
most significantly, if you buy a pup, is it caveat emptor, or could the whole sorry mess rear it’s 45,000 ugly heads again in a year? presumably duff and phelps must provide financial figures for bidders, but with no lodged accounts,could these not just be a pile of craig whyte?
Just spent an hour or so on a belter of a post. Really, take my word for it: It was knock out stuff. Just about ready to post it then…. IE froze in another window and closed the whole schmeer down. Lost the post, leaving only bitter memories behind.
Hey ho.
McCoist just on shortbread saying that both bids in for them involve a newco but not liquidation???
Whit???
No questions in the BBC report, are they just allowed to open their gubs and spout anything?
Do yourself a favour Sally and go and get another job.
celt55
Thanks for that.
I know the numbers are around somewhere but wondered if anyone had them to hand re.HMRC v Total Credit
If HMRC (not inc the BTC) are owed £15m then is that £15m = 25% or more of total.
In other words,do the HMRC have enough already to block it on their own regardless of what other creditors say?
Also,your post prompts another,equally important question.Am I right in saying the administrators can only consider UNconditional bids?
If so,iirc both bids so far have been CONDITIONAL and therefore can’t be considered.
Correct?
Oldco or newco? I can’t decide between Costco and Makro!
Saint Stivs on 1 May, 2012 at 16:19 said:
If Paddy does move on, he is the one guy I would pay in to watch playing for another team.
there you go I said it.
…………
I’m hoping it’s Blackpool, they’ve been after him for about 3yrs or so.
I’ll be there :>)
TBB,
If it was anything like your almighty post regarding the huns scandal i implore you to rewrite.Please.
Auld Neil Lennon heid on 1 May, 2012 at 17:21 said:
Thanks Auldheid and thanks for keep this going, we only need one journalist to run with this and ask the tough questions, perhaps AT is that man, we’ll see.
I am patient enough to see the story play itself out, meanwhile
FTSFA!!
Haw missis, whit’ll ye dae when the wee Malkies come,
If they dreep doon affy the wash-hoose dyke,
An pit the hems oan the sterrheid light,
An play wee heidies oan the clean close wa,
Missis, whit’ll ye dae?
Whit’ll ye dae when the wee Malkies come,
If they chap yir door an choke yir drains,
An caw the feet fae yir sapsy weans,
An tummle thur wulkies through yir sheets,
An tim thur ahes oot in the street,
Missis, whit’ll ye dae?
Whit’ll ye dae when the wee Malkies come,
If they chuck thur screwtaps doon the pan,
An stick the heid oan the sanitry man,
When ye hear thum shauchlin doon yir loaby,
Chanting, “Wee Malkies! The gemme’s a bogey!”
Haw, missis, whit’ll ye dae?
Internet Explorer Sucks
Algarvian
Bangura has hardly broken sweat in his time at Celtic Park with so little game time his capabilities are something of a mystery. But the guy was recommended by king Henrik and like most of players that arrive at Lennoxtown he seems to had the injury bug. Would like to see if Henrik is right about the lad.
Regarding Anthony Stokes, some CQNrs who are experts on stats tell us that Stoksey also has a serious amount of assists to his credit.
We can discount Samaras as a striker, a good footballer yes – but not a goalador.
Awe_Naw_No_Annoni_Oan_Anaw_Noo on 1 May, 2012 at 17:34 said:
Tomcourtney
Do you think the PLC should have inquired why the SFA did not apply their own rule book when it came to the sanctions applied to Rangers and Craig Whyte and asked for a written explanation or would that make our plc look like the muppets ?
—————————————————————————–
One of the problems we have as mushrooms in the dark is that we don’t know what the board has or hasn’t done. It’s not like a Tesco situation where if they wipe out the competition they get stronger and richer. The competition is necessary for the PLC to succeed so things happen in the background, I hope….
JimmyQuinnsbits
I think you bring in an interesting slant on the split time continuim analogy, but where I think your theory dissipates is on the angular existence of 2 existing contemporary bodies competing in the same but while at the same time different time elements.
.
The Pantaloon Duck..
Re; BB Meet Up.. We are Open to All..
Summa
This administration’s like watching Deal or no Deal from the beginning, should never have switched on till the last quarter….
dear fellow championees
here is a MayDay joke for you starring Captain Bird’s Eye Walter Smith and a young Sally McCoist
:)
http://www.youtube.com/watch?v=yR0lWICH3rY
The Battered Bunnet on 1 May, 2012 at 17:40 said:
………
Are you pinnochio :>)
I cannae do big posts, sitting at the pool with a la bamba Hic !
V
TBB- any courgettes harmed in your belter of a post?
medtim on 1 May, 2012 at 17:45 said:
I think HMRC or Ticketus could be in a position to block CVA. I’m sure I read that the bid had to be unconditional for acceptance.
Gym Trainer and Rod A Foresight, brilliant a seriously funny story!!
Summa of Sammi…. on 1 May, 2012 at 17:50 said:
Thanks… But I wouldn’t want to be a member of a clique that would have me as a member ;-)
Seriously, though, I’ll come along if I’m in Glasgow on Thursday (which is actually looking unlikely…)
TopCorner on 1 May, 2012 at 17:52 said:
dear fellow championees
here is a MayDay joke for you starring Captain Bird’s Eye Walter Smith and a young Sally McCoist
:)
http://www.youtube.com/watch?v=yR0lWICH3rY
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
:-)))))))
Just thinking back to Sundays performance, who drops out for Forrest, Kayal, Ki, when fit? We have lots of options now, a good problem for Neil to have.
BABASONICOS71
It was a cracker. Listed all the players involved, their agents, sums transfered, dates, the lot. I’ve forgotten it all now though.
Vmhan
Nah, it was just a wee shorty ;¬)
TBB
Gees the beginning and end,I usually miss
oot on the middle of your long posts.
Enjoy your short ones though.
To be seen to be believed.A tweet from phil
http://www.youtube.com/watch?v=e8PHkxa9O7c&feature=g-vrec
I LOVE the idea of all away games being beamed back to Celtic Park & the Celtic support keeping their hard earned cash in-house.
Problem ?
There is surely NO WAY that these feeds would be made accessible to Celtic to use as they see fit.
TBB
Kidding,as if I ,a commoner next to you, your landed
gentryship would miss a single letter of your
magnifico posts.
Hail hail
DJBEE on 1 May, 2012 at 17:49 said:
interesting… I’ll need to go back and run that through my theorems
still think they’re gubbed
STV News doing a Thai Tims article next few minutes.
Embdae think McCall and his hun cronies will say Murderwell’s CL place is tainted? me neither.
That’s the trouble with all these minorites in society achieving ‘respectability’ and coming out of the closet.
It makes lots of closets available for SSB listeners.
VP
Don’t give me your mere commoner bull. I had to marry into Burnside stock!
Eddington number, N(Edd), is the number of protons in the observable universe.
– there are 15 747 724 136 275 002 577 605 653 961 181 555 468 044 717 914 527 116 709 366 231 425 076 185 631 031 296 protons in the universe.
The Edminson Drive number N(fud) is the number of huns in the huniverse.
– this is an insignificant number.
For those who haven’t seen this, I would urge extreme caution if you are easily offended.
http://www.youtube.com/watch?feature=player_embedded&v=oLrexKO_qNA#!
.
Vile, sectarian,chanting of the worst kind while wrecking Celtic park toilets,all in the presence of the police.
Scum of the highest order.The quicker they are condemned to the history books the better,
Ah must have been oot on that ‘day one’ when aw these msm hacks were sayin everythin….
Has penny dropped on Snyde?
Is this it?
24 hours?
What do they know?
Vmhan supporting Lenny and his Lions on 1 May, 2012 at 17:53 said:
Vmhan, you and yer tenerife holiday posts… and that BigJoe with his “am aff on a boat to Majorca tomorrow”… “27 degrees but a wee bit cloudy, forecast to clear”… and that Kojo with his “Ahm in Las Vegas an its too hoat”. Do you realise what its like in this eternal winter, listening to that
Doesn’t bother me… no, not at all… no, couldn’t give a… happy for you…. yup, very, very, happy… very happy
Tomcourtney
I see Newco as being strictly a hindrance to competition in the business side of matters and the last rites as far as sporting integrity is concerned.
Their is a lot of comment about the PLC not commenting on anything until the developments are concrete.
The SFA fudging their own regulations with regards Rangers and Whyte was indeed something concrete.
We have chosen to accept this quietly.
Why ?
It is worrying.
Sets a worrying precedent but one I am prepared to look over for the sake of future developments.
HH