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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oglach
On the away strip, what colour is it, not clear from the photos, hoping black
traditionalist88
I want re-admitted to the league as a newco , without any penalties and a 10 point lead on the other participants who of course can’t sign anyone during the season .
Thanks in advance , as I know you will agree to these fair and balanced demands.
away strip is black and grey hoops
all aboard the ticketbus: next stop- liquidation!!
danso_1888 on 27 April, 2012 at 15:31said:
4 pm press con duff and duffer
………………
I thought this was at 5pm?
Has it been expedited?
Celtic Hub @CelticHub Reply Delete Favorite · Open
4pm press conference Duph and Phelps. They are about to name BK and TBK as preferred bidders. Cue the ‘we are saved’ shite.
fourgreenfields
At this point I have to put it out there that your chances are zilch.
However if you go on a protest march then we will definitely reconsider. Protest marches are the way forward.
Blue Knights and Kennedy bid for Rangers dependant on CVA.
In other news I am marrying Kylie tomorrow dependant on her agreeing
Kayal might be on the bench Sunday.
HH
Mike Farrell @mikefstv Reply Retweet Favorite · Open
Brian Kennedy and Paul Murray confirm they have submitted a bid for Rangers dependant on CVA. More on http://stv.tv/news soon
Dream on Dreamers Life gets in the way…
Kittoch on 27 April, 2012 at 15:41 said:
Hoping it is black also. Pic taken from Celtictalk site andseems genuine. Looks rather plain and IMO appears like a billboard for Tennents. The logo sticks out like a proverbial sore thumb. Hopefully there will be an opportunity to purchase the kit without the logo. The best thing i can say about it is that is not a hideous day-glo yellow.
Mike Farrell @mikefstv Reply Retweeted Favorite · Open
Brian Kennedy and Paul Murray confirm they have submitted a bid for Rangers dependant on CVA. More on http://stv.tv/news soon
Retweeted by Grant Russell
Oh Che, that news is like a boot in the tentacles.
So, nearing the end of the game on Sunday,
Celtic 3 – 0 up,
the Rangers fans pouring out,
will the song be,
“Cheerio, cheerio….”
or,
“Goodbye, goodbye….”?
Celtic to win by five or six goals on Sunday.
When a true genius appears in the world, you may know him by this sign, that the dunces are all in confederacy against him.
Jonathan Swift (1667-1745)
………………………………….
The internet must be a truly wondrous instrument when one considers the clowns who are arrayed against it and most vocal in their criticism of it.
Beginning with Traynor, Keevins, Jackson et al and now Alistair joins the ranks of the dunces who rail against the internet.
What a compliment to forums such as this that so many buffoons criticise it.
@kylie marrying rich man well educated man tomorrow…please tell RL im sorry but its off
Mike Farrell@mikefstv :Brian Kennedy and Paul Murray confirm they have submitted a bid for Rangers dependant on CVA. More on http://stv.tv/news soon
In other words, more of the same. It’s a conditional bid and D&P have said any bid must be unconditional. But even if they change their minds they still need to get a CVA agreed by the creditors. And we all know how likely that is.
If there is a rangers next season please let Fat Sally still be the manager.
Pumped out of every competition entered. You cannae beat that…
News just in. A new consortium is bidding to tke over R@ngers.
Called the Pheonix Knights, headed up by Peter Kay. Duff and Phelps feel there are enough comedians in the running already.
Press conference. My guess it’s to say they were just about to announce the Blue Knights bid was acceptable, then Ticketus pulled out.
This is getting serious and all bidders now have until next Juvember to prepare final bids.
Twitter reporting Kennedy and BK’s have submitted a bid conditional on CVA’s.
Bunch of chancers.
The Mibbees Bidder is now an actual bidder apparently.
For now anyway.
It is of course a conditional bid, so cue a big sigh from Duff and Dope.
There is no bid without a deal with Whyte & Ticketus.
Smoke & Mirrors…
Gordon-J – seen the conditions?
CVA agreed
&
Whyte’s shares delivered
Not asking for much then……
have they stumped up 500 grand?
Conditional upon a CVA with creditors and acquiring our hero’s shares.
Che – don’t be so hasty mate, the deadline can be extended
Seen this in The Classifieds
“For sale:
Soccer Club.
Bargain..
Good Fixer Upper.
Nothing, that some T.L.C
..and..
One Hundred and Fifty Million Pounds
won’t take care of.
Send ..all Enquiries tae
Absentee Owner
Box22. Monaco.”
Whytey, strikes Again.???
Ah bet that He sells it.. Afore,
Duffer and Duffer ,diz.!
Kojo.
Still Laughin’
Celtic will win on Sunday, only if they are allowed to.
Hail! Hail!
It really is getting late here and as much as I enjoy reading CQN, interspersed with the occasional ‘contribution’ must really say good-night and repeat the oft posted advice this day………. Stay safe on Sunday eh!
Regards & Hail Hail
TBM
tradionalist88
I don’t like anything to do with walks , ever since I broke their ranks during the big walk and got attacked by the ars***** with the big stick thing .
News management at its finest.
This will take the edge off tomorrow and Sunday.
Meanwhile OG Rafferty’s latest little gem is being held for a few more days…
HH
RogueLeader,
Nae chance. Simple as that.
I’ve said for a while that this is a giant game of chicken. Everyone knows that the eventual outcome will be liquidation. The game is to look like the saviour while not being the one to pull the switch.
Blue Knights : gonny gies us rangers
Duff & Duffer : Naw we canny ye’ve nae money
Blue Knights : but gonny gies rangers
Duff & Duffer : naw stoap it everybody’s watching
Blue Knights : Kin we jist kid oan then that we’ve buying rangers.
Duff & Duffer : aye awe right then but it’s really stupitt lookin’
Blue Knights : Don’t care ah jist want tae play the big man.
Duffer & Duffest : awrite then ah’ll make sumpin up
…and in other news today…the titanic narrowly avoided an iceberg and the hundenberg had an uneventful flight.
thats all frm alternative universe news….ive been john mackay.
I hope somebody’s going to film the march and rally at Hampden tomorrow. This stuff could be comedy gold. I hear Sandy Jardine is going to address the troops.
#What do we want?…… “WE’RE NOT SURE”
When do we want it?…. “NOW”
Jim White not saying much he’s still got egg on his chin from the last time.I think even he accepts its not a goer.