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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Ulysees Mcghee
The best ever post. PMSL
Graham Speirs (on Radio Clyde with Jim Duffy a month or so ago):
‘When Celtic win the title, of course it won’t be tainted – sullied perhaps, but not tainted.’
Mark Guidi (on Radio Clyde to a caller who questioned his inability to ask any awkward questions to RFC): ‘You’ve got absolutely no idea how it works – you have to play the game, you need to have a wee bit of to and fro’.
Hugh Keevins (to numerous callers loving RFC (IA)’s predicament- after they’ve been cut off): ‘This is a failure on a basic human level.’
You cant even make stuff up that is weirder than reality any more,
Ally McCoist game has “tax dodge option”
http://sport.stv.tv/blog/305161-ally-mccoist-football-video-game-contains-tax-dodge/
oldcastlebhoy on 27 April, 2012 at 14:18 said:
aye take wellies and a waterproof coat is raining
Is the ‘Rangers Fighting Fund’ for buying baseball bats and knuckle-dusters for when they march on Hampden?
I demand to know who this Jimbo “Knickers” 67 is anyway. I mean who is he?
che – haha!!!! That’s a banker that tip
Liquidation sweepstake
I’ll have Monday 14th May, please
HH
Headline on BBC
‘Rangers decline devastating’ says Brian Laudrup
Not to us i’m afraid. We find it bloody hilarious!
Posted a few days back if anyone knew the out come of the creditors vote regards a CVA ?
Duff and duffer had indicated it would be the 25 April
If ticketus are now added to the unpayed list and the final,final final…………………deadline has passed .
What a feeling it would be to beat them Sunday then they get flushed down the pan.
Havingapartywhenthehunsdiex csc
When the SFA released the decisions against CW and RFC(IA) on Monday night, it stated ….
“The Judicial Panel Tribunal shall issue a note of reasons in early course.”
suggesting , I would have thought, that more details of the findings by the investigation of Lord Nimmo would be given .
Drysdale also said he hoped people would understand the decision once they had seen the evidence/report that had led them to the sanctions.
Any one any idea when the SFA plan to release this information?
HH
JP
oldcastlebhoy on 27 April, 2012 at 14:24 said:
not a tip but only one ive fancied and bet is Lucky William in the 455
Barry Geraghtys mount
good luck.
Malc on 27 April, 2012 at 14:22 said:
Is the ‘Rangers Fighting Fund’ for buying baseball bats and knuckle-dusters for when they march on Hampden?
Maybe it is to pay for policing when they ‘walk away’ to Hampden?
I wonder how ticketus voted in LAST weeks creditors postal vote
HAIL HAIL
Squirm time……..
SportFootballSPL
Rangers Feed
Rangers boss believes drop to Third Division would be ‘morally’ right
Ally McCoist has warned Scottish football as a whole would not not necessarily benefit from any drop out of the SPL.
27 April 2012 14:05 GMT
Comment
Pic: ©SNS Group
Ally McCoist believes it would be “morally” correct for Rangers to be forced to apply to join the Scottish Football League and play in the Third Division next season.
The manager though has warned the move would not necessarily be to the benefit overall of the Scottish game.
“It’s a tough one,” said McCoist. “It might be the right thing to do morally and people will have their own opinions on it, with differences far and varied.
“There’s an argument the right thing to do is for Rangers to go down to the Third Division and that might be the case if it’s a newco after liquidation.
“But is it the correct thing to do for Scottish football? Probably not. Everybody’s got a dilemma and that’s why there are so many opinions on it.
“Whether people like it or not, Rangers and Celtic are different because of the size and magnitude of the two clubs.
“Supporters of other clubs and some Old Firm supporters say you can’t have rules for some clubs and not for others.
“In an ideal world, that would be 100 per cent correct. I would absolutely and totally agree with that.
“But the fact of the matter is we’re asking if it would be good for the rest of the SPL if Rangers went down to the Third Division? The answer has to be no.
“I don’t envy the people who have to make that decision. I can understand the hypocrisy of it but Rangers and Celtic are different.”
Been back in SE Asia for three weeks or so now since my last wee sojourn in Glasgow and its environs, loud and proud Larkhall Tim shop, Machan Vaults included.
What’s the point of the post? Well the huns are (as yet) still not dead. Dying, aye but not dead, hey, we’re all dying.
Recurring theme (well from me anyway), if only I could believe in the way that some of the contributors on here do, that they will be no more…….. I wish!
Need to see ‘the holes in their putrid flesh’ so to speak, and so, still think that they are what they are and as such next season will see them continue as is, with the support and connivance of the brotherhood and carpet-baggers that have saw/seen them flaunt all sorts of regulations/laws thus far……..
BTW, the guy Kennedy is a serious player and although he is not one of them, his in-laws are steeped in the ‘tradition’ of Hades…….
Just my take and fervently hope to be proved wrong, wrong, wrong!
Regards & Hail Hail
ThomasBarcaMole
Fat Sally preparing the hordes for the inevitable
Ally McCoist believes it would be “morally” correct for Rangers to be forced to apply to join the Scottish Football League and play in the Third Division next season.
The manager though has warned the move would not necessarily be to the benefit overall of the Scottish game.
“It’s a tough one,” said McCoist. “It might be the right thing to do morally and people will have their own opinions on it, with differences far and varied.
“There’s an argument the right thing to do is for Rangers to go down to the Third Division and that might be the case if it’s a newco after liquidation.
“But is it the correct thing to do for Scottish football? Probably not. Everybody’s got a dilemma and that’s why there are so many opinions on it.
“Whether people like it or not, Rangers and Celtic are different because of the size and magnitude of the two clubs.
“Supporters of other clubs and some Old Firm supporters say you can’t have rules for some clubs and not for others.
“In an ideal world, that would be 100 per cent correct. I would absolutely and totally agree with that.
“But the fact of the matter is we’re asking if it would be good for the rest of the SPL if Rangers went down to the Third Division? The answer has to be no.
Ellboy – I am Neil Lennon, YNWA. on 27 April, 2012 at 13:57 said:
Am reading sneakily in work and that made me splutter out loud….
oldcastlebhoy
I have a double today of Bear Behind and Nodebateaboutit.
My usual 50p each way pay day double!
Can’t think who I was thinking about when I picked them out.
LB
My dear,dear,dear,friend… The Pantaloon Duck.. Whit a Great Nomme de Blog!!
Do you know.. that
Ah Wore Pantaloons when Ah wiz a Wee Bhoy?
The wur .Grey.. and .. Ah think.. Made from .. Corduroy.
Ah clearly, remember, Ma Sainted Mama… Fussing over
the Innumerable Numbah o’ wee Tiny Buttons , that hid tae be.. well. Buttoned..that were attached tae each Leg, o’ the mini Johdpurs.
And How …Ah use tae Greet. and Carry-on. something fierce.. while she wiz , buttoning them up…as we wur getting ready tae go Oot.
Oh! Happy days,indeed!
Kojo
yer pal..who likes ye aloater..
Still, Laughin’
ulysses mcghee, fun time Ally is in for a surprise.
Kojo, like it. That Duck Billed Platypus fits the bill.
Not much of a horse, though.
deekbhoy, do they not play rugby there instead these days?
traditionalist88 on 27 April, 2012 at 14:25 said:
Liquidation sweepstake
I’ll have Monday 14th May, please
HH
Yes please that would be the perfect day
Hail Hail
jimphil70 on 27 April, 2012 at 14:25 said
I’m pretty certain that the SFA are obliged to send them the full details 48 hours after the decision is announced, and that them have three days to appeal that.
This is the normal arrangement but since they are the mighty tax dodgers, they immediately wrote to have an expedited appeal. In other words, they wanted the rules changed to accommodate them.
Nothing new under the sun or at Ibrokes.
Ticketus media spokesman is someone called Luther Pendragon, you thought with a name like that Ticketus would have struck a deal with Sir Big(al)ot and the Sectarian Knights of the Hun Table!
.
“There’s an argument the right thing to do is for Rangers to go down to the Third Division and that might be the case if it’s a newco after liquidation”
Get this through your thick head, Ally. There is nothing after liquidation. If liquidated, Rangers ceases to be. It is no more. Bereft of life. Pushing up the daises. It is an ex football club.
Mountblow tim
I would prefer a Friday!
LB
Fellow CQNers
Some observations and an admonishment to take care.
In an increasingly secular world where material and tangible things seem to take more prominance than faith, it has become increasingly apparent to me that what we are witnessing is the death of a church like organisation.
Many Rangers fans would see their club as their faith and Ibrox as their church.
You can pick up on that fervour when speaking at length to some of their fans.
It’s not such a leap to make.
With any such organisation there are moderates and hardliners. Recently the moderate voice has been drowned out by the shouting from the throng. Sometimes from the pulpit too.
When a society or a civilisation approaches the end of its days there are often the last violent lurches of the body refusing to acknowledge its own death.
This is often the case with religious zealots who will lash out when the reality of their situation is presented to them. In the US there are many small hate-filled schisms of many of the mainstream faiths.
What I am most apprehensive about is the reaction to the coming end of days.
I believe that the reaction will be specific and targetted.
Our schools, our Churches, our men and women of faith will be vulnerable and I urge caution to those of you going on Sunday.
TheBarcaMole
If Kennedy is a ‘serious’ player, then why hasn’t he made a ‘serious’ bid?
Even Duff + Duffer laughed at his attempt to gain control
There is one thing the serial publicity junkie has been good at though, and that is stringing the delusional Hun support along that he is a ‘serious’ player
He is the male version of Michelle Mone
Invercelt – Music makers? Dreamers of dreams? You an Elgar fan, then?
Yes.
And the Baha Men.
Did they ever find out who let the dogs out? (thumbsup)
The Barça Mole
Great to see you posting.
Ask yourself this. You are a business man and run companies. If Rangers was one of your ventures, how would you get them out of their present predicament?
There is no answer. No one knows how to do it. Ergo, they are staring oblivion in the face. They don’t seem to like the look of oblivion very much.
A big manly hug and hail hail to you and the better looking members of your family.
paul67, some on filthy, filthy want a screen grab of your article so as use
at a later date to mock you ,.
Can anyone tell me if there is a deadline for a club to be registered to play in the SPL and/ or SFL plus cup competitions next season?
And if so when is it?
Does it make any difference here?
Incidentally I would love it, absolutely love it if they stalled their liquidation just in time for the Queens Jubilee weekend. How delicious would that be?
Monday the 14th of May, just happens to be the wifes birthday, she would be delighted, it would keep me off the computer and stop me from hitting the F5 key all day long :>)))
Ref Lord Turnbull
Is he serious?
“It is immediately obvious that we were not dealing with what would properly be thought of as acts of terrorism in any sense at all.”
So sending IEDs in the mail is ok as long as you’re incompetent in assembling a truly viable explosive device.
Criminal incompetence prevails over criminal intent.
HH
THE BARCA MOLE 1426
Holes in their putrid flesh?
Ach,we’ll send ye some photies along wi a cybergrave for you to dance on.
LiviBhoy on 27 April, 2012 at 14:33 said:
Mountblow tim
I would prefer a Friday!
LB
Any day but make it soooooooooooooooooon
Hail Hail
I’m sure I read that Kennedy has previous for running a club into administration.
Awe Naw?
BMCW…..
I agree but if I added every novo, naismith or elbows my liver would be in danger of chucking it ;)
The gazza one is solely down to his elbows and raising his hands to opponents.
How much better would Paul McStay have been if he elbowed anyone who came close to him. I’ve always wondered how good gazza would have been up here playing within the laws of the game.
HH