Ticketus, one of Rangers three major creditors, Craig Whyte and HM Revenue and Customs, being the others, have announced they will no longer work with the Blue Knights (or it is Blue Knight) consortium in an effort to buy Rangers.
Ticketus were crucial to Duff and Phelps hopes of being able to acquire Craig Whyte’s shares in Rangers. Although anyone who actually listened to Mr Whyte will know how unlikely this was, their withdrawal from the process formally brings an end to this fantasy.
Without Rangers shares, Duff and Phelps cannot sell the club. Mr Whyte also has security over Ibrox stadium, so they cannot sell the stadium either.
Some weeks ago suggestions were leaked to the media that Ticketus had agreed to forgive all but £10m of their debt. It was even suggested this figure would be repayable on easy terms. Now the company will take their place alongaspirationsside other creditors. In the event Rangers remain in business long enough to sell tickets for next season, revenue from the first (circa) 25,000 tickets sold for each game goes directly to Ticketus.
The charade is over.
Those hoping to see a club resembling Rangers form in the future have had months to secure a stadium, club licence, stadium, players, stadium, and commercial infrastructure. Instead they have stalled, chasing an unattainable CVA.
There is no time left, there will be no CVA and the chances of a phoenix next season is increasingly remote.
#OneteaminGlasgow,
There’s only one team in Glasgow.
One team in Glasgow,
There’s only one team in Glasgow.
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traditionalist88
Now I like the sound of this liquid situation , I’m off for some Cider .
Hail Hail mate , thanks for the we exchange . Fair made the time pass.
Just wandered into a Rangers transfer rumours site.
There was significant movement of rolling brushwood.
Ralph, Livibhoy- I hope the polis are as dilligent as they are when filming. and harassing the GB.
Duff&Duffer Fri 20th of April
“Let me be clear – we could not have moved more quickly during the past week as there was not a bid capable of acceptance.
“Despite suggestions to the contrary, it is not a case of the administrators refusing to nail down their choice – we can only accept a bid that is unequivocal.”
So what is the point of today’s bid?
£134m of unsecured debt.
£28.5m of secured debt.
You have offered £12m for the lot.
Explain how that works please?
I seem to recall that Ticketus would get £40m back over 3 or 4 years,,,?
There was never a chance the media would let Rankers go into a match against us on the back of the ” ticketus are off” story.. Hence we get the bull and the nonsense of the Murray/sharks story..
To return to the main point many in Scotland seem to forget-they did not pay HMRC and many more people.. Scotland’s shame..
HH
Silas
Thanks for that.
But will it be public disorder free or crime free.
Queens Park/Govanhill/Mount Flroida board up yer windaes and lock up yer daughters.
As Livibhoy pointed out, WHEN the sectarian singing starts, will Strathclyde Police do anything?
Holding your breath on that one is not recommended.
Strong statement from Raith Rovers,well said.
Look folks, this ‘offer’ – you know, I know, hell everyone knows, but don’t tell them ‘uns until Monday or there will be murder on the streets of Glasgow.
This is about crowd control.
No more no less.
perfectly sensible move.
it turns out Kennedy is not a stupid billionaire.
But he does very much want to be in on the newco act. money to be made he thinks. wrongly.
so say nowt. let them believe and get home safe from the game.
stupid h…….
new article posted.
I hope the ole Scotland’s Shame banner is being dusted down for Sunday,never been more appropriate.
WATP = what alotta total pish
Fourgreenfields
Any time bud, enjoy the liquidation:)
HH
Friday teaser:
will Hampden have to be the new Ibrox and is that why they are having a practice walk to there on Saturday?
Answers on a post card to…….
On the subway at Bridge St and there is a Cowboy in full outfit.
Which direction is he headed?
98- rangers fans have sent a record breaking “98” death threats this season,beating their own record of 92, three seasons ago.
Hi Everyone! Before I list the below, be safe on Sunday! We know what these people are capable of!! We make history, they just follow…..and with the last OF game on Sunday, we will make history! Irrespective of what they say, within the Celtic family All of Us Will Never Walk Alone!
After the sentensing today of those two (I don’t want to call them anything else), here’s a simple list of what Neil has had to go through…….I have nothing but admiration and respect for our manager, a family man and a son;
– University students Gregg Miller and Neil MacLeod were fined a total of £900 after Mr Lennon was attacked in September 2003 in Glasgow’s west-end.
– Car salesman Thomas Ferrie was then fined £500 in April 2004 for road rage after chasing Mr Lennon along the M8 and yelling abuse.
– In January 2009, Rangers fans Jeffrey Carrigan and David Whitelaw were jailed for two years each after the then Celtic coach was attacked in the city’s Ashton Lane.
– Stephen Birrell was locked up for eight months last October for posting comments on a Facebook page called “Neil Lennon should be banned”.
– Robert Rollie was spared jail that month after he wrote threatening messages about the Celtic boss on another Facebook site.
– David Craig was sentenced to 14 months in March this year after he posted a picture online of Mr Lennon covered in bullet wounds.
– Hearts fan John Wilson was convicted of a breach of the peace and jailed for eight months for lunging at Mr Lennon at Tynecastle last year.
– Christopher Hay was charged in March this year with threatening Mr Lennon on a social networking site. He made no plea when he appeared at Glasgow Sheriff Court. No date was set for a further hearing.
– Trevor Muirhead and Neil McKenzie jailed for five years for sending devices they believed were capable of exploding and causing injury.
Ta ait seo an maith ar fad!
CQN napsters – naps here today, pleeeeeeeeeeez !
Cheers, fleagle1888
CQN Saturday Naps Competition – Week 37 Results & Standings
Lads, three more winning naps last week – tommytwisttommyturns (Problema Tic @6/1), Raymac (Doeslessthanme @10/3), and Rockon (Greyfriarchorista @11/8)…
+£17.05 Som mes que un club (4)
+£14.00 voguepunter (5)
+£ 9.83 fleagle1888 (7)
+£ 7.00 tommytwisttommyturns (4)
+£ 6.75 Cathal (8)
+£ 1.58 bobbymurdoch’s winklepickers (7)
-£ 1.67 Rockon (11)
-£ 2.92 Raymac (6)
-£11.25 Eurochamps67 (6)
-£11.25 What is the Stars (4)
-£12.25 BULL67 (3)
-£14.00 wolfetonebhoy (4)
-£14.50 twists n turns (3)
-£24.00 Che (2)
-£27.50 hunza rugli (2)
-£28.50 PFayr (2)
-£31.00 The Token Tim (1)
-£37.00 oldtim
*No selections from – Eurochamps67, hunza rugli, oldtim, The Token Tim, wolfetonebhoy
Cheers, fleagle1888
Fleagle sir – last day today?
Thank you.
Sandown 345 Poet for me please
Lucia Bay
5.05 Punchestown
Good luck lads.
Cathal –
no, the last day won’t be today – I will keep it going until the end of the season.
Therefore, the last week will be w/e of 12th May (our last SPL league game is on the Sunday)… and that also means we will have run for 40 weeks…
It’s time to start napping the 50/1 shots !!! ;o)
Cheers, fleagle1888
Somersby 2.35 Sandown for me today – I’ll leave the 50/1 shot to the last week :¬)
Good luck everyone.
Fleagle
the undernoted
-£14.50 twists n turns (3)
-£24.00 Che (2)
-£27.50 hunza rugli (2)
-£28.50 PFayr (2)
-£31.00 The Token Tim (1)
-£37.00 oldtim
As we have all systematically been s*** in this years comp we wish to inform you of our intention to join forces under the banner The Green Knights. We are united in this well apart from TTT as were only taking him out of sympathy.
A deadline has been set for 12 noon for the selection of the preferred horse,
in line with other similar events this deadline may be increased
Regularly and without embarrassment.
VAST CONSUMPTION
No,not my plans for the weekend,my NAP for the 505 at PUNCHESTOWNS
Still,it does sum up my plans for the weekend rather well….
Rare Bob 3.10 Sandown
Lads, my nap for today is :
Viking Blond (Sandown 3.10)
Good luck to all… fleagle1888
Major Malarkey 3-10 Sand
Deep Purple in the 3.10 at Sandown please, be lucky bhoys! C’mon the polis (today) and c’mon the Hoops (tomorrow)
Afternoon Lhads.
Was looking for a topical tip,something like
‘lying bass sally’ but no luck.
Going for Lexi’s boy in the 1.30 sandown
early one so as I can get a second pick
later,if beaten…………..naw?
Still trying to get my first nap up of this season.Noted that come May 12th will be the last day,so hopefully my nap will oblige today.Deire Na Sli.2.20, 25/1.
voguepunter on 28 April, 2012 at 12:36 said:
your right again.
naw
The Token Tim.
I felt happy when we were running neck n neck for last place,When did you scrape yer arse of the bottom wrung,I’ve been on Holiday for a fornight,was it then?.
Oldtim – as you well know, TTT has a mahoosive erchie and it was no mean feat for him! :-)
T4
Looks like VP has just about wrapped up the naps comp with a 9/1 winner!
Well done VP.
T4
DAMN BL00DY gee-gees… am as sick as the proverbial parrot !!!
I picked out Lexi’s Boy this morning, then talked myself out of napping it and instead went for the bigger price horse in the Betfred Gold Cup…
then I forgot to back the nag, ‘cos the race was early… Aaaaaaargggggh….
:(
Well done VP… 9/1 as well !!!