Rangers Banter Archive April 20 2012

 

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20 Apr 2012 22:08:33
Bill millers plan is not to liquidate the old Rangers company that will still exist in administration while the new parent company takes over Rangers football club at which time the football side of things is 100% debt free, no tax case, no ticketus etc.

Rangers football club will have all of its history preserved while Rangers company 1889 works out a cva at which time they will be merged with the new parent company.

End result is Rangers fc 100% debt free, still the same club and no penalties from the spl as the original 1889 company is still alive.

Believable5 Unbelievable14

What a talent to be able to type your dreams whilst you sleep,wake up freind

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And you think this is feasible? Even with the guarantees he wants from the SFA?.........green jhedi

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I just don't see it being as easy of that some how? Also don't see Whyte giving in easy either too many fences to jump before the finishing line

Lenny

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'Talks the talk' but will he 'walk the walk'. I post often on this site although I am a Celic fan. The reason being is because I am a football fan and don't want to see any team go bust and become extinct. But really, every passing day and I get more and more worried about Rangers. I worry for all the decent fans, to hell with the bigots (on both sides), the employees of the club and, of course ,Scottish football as a whole.

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Sfa& spl will NEVER agree.wanting no opints deductions,enquiries into 2 player contracts,i know the spl would try to move the goal post for a newco,but this idea of his a total non starter..stevo

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@3 Whyte has no choice he has to get out asap, if Rangers are liquidated the FSA open up all books on the takeover,Whyte wont want that at any cost. He wont be hard to get out of the way.

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6) I'm not sure if I'm right or not but if rangers go bust then Whyte is main creditor. So he will walk away with a big pay off ? If Whyte wanted out ASAP then he would give his share to the fans ?

Lenny

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20 Apr 2012 22:05:36
What a difference the way Mjallby conducts himself compared to the wee ginger nark. He's probably a better manager too. Cannae be any worse than the angry wee bottle merchant anyhow.

Believable6 Unbelievable6

Your club is about to be put out of its misery and you still go on about neil lennon. whit u like

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Why does Mr Lennon bother you so much?.........green jhedi

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Is that the wee ginger nark who won the league this season compared to The Anticoist who will probably win an Oscar for his portrayal as a downtrodden manager with the world on his shoulder but still has a cheeky wee smile for the cameras......DH

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Err, if mr Lennon were not a football manager afforded the misguided protection of a footballing institution and all the lawyers they can buy, he would be a thug plain and simple. Despised by all Barr the most deluded Celtic fan, his only advantage being the knee jerk support frm the more level headed celtic fans reacting to the fact Gers and most others supporters despise the man. Personally I think he has psychological issues which he needs help for, his behaviour is not rational and is consistently overtly aggresive and spitefull. LB

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2.) green Jedi

Cos he's a tw*t - nothing more -nothing less

bill72

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@5; have you met him bill? he's actually one of the nicest people you could meet,very witty and intelligent.......green jhedi

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20 Apr 2012 21:03:17
If rangers liquidate before the SPL meeting on april 30th then the current rules state they must reform and start in div3. Does Millar even know this as there is no mention of it in his rambling statement?

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He doesn't care...he just wants to liquidate. That's the bottom-line. Sad though it is, all he sees is the assets, Hotel Ibrox and Cala homes at Murray Park. Celtic fan

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Murray park is agreen belt site and cannot be used for housing

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20 Apr 2012 20:53:39
Copyright DH.........

Glasgow used to be famous for its
department store "What Everyone Wants"
now it is famous for the football club
"That Naebody Wants"

Just felt joke needed as wide an audience
as possible LOL Timalloy

Believable4 Unbelievable6

Nobody as wide as you. ger1952

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It wasn't funny when you posted it on the dhims site so why try it here ! PB

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Get some sunshine Tim ffs. CheltBlue

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I thought it was hilarious,artybhoy

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20 Apr 2012 20:13:52
That two faced lowlife Whyte has the cheek to tell us " I dont want to go down the liquidation route" well what he really means is by law as a secured creditor he can not vote for liquidation. Hopefully Dumb and Dumber can do something with the Reservation of Title
These are debts where the asset that the company purchased from the creditor does not belong to the company unless fully paid. These creditors can claim their assets after they prove their debt to the liquidator How can he be owner when he has not payed Ticketus in full ?

confused2fc.uk.com

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20 Apr 2012 19:58:43
Right fast forward to Monday & say miller is the man for the job ..... No wait that 11.2m is for creditors,still a few problems 1st being Craig Whyte. I don't see him selling up without getting a good few millions (10/15m) at least,then you have wages which must be 17m per year (22 players on a average wage of 15k pw) then just general day to day stuff like running the club etc so that will add up.

So he claims put up or shut up but yet he hadn't spoke to Craigy Bhoy or ticketus because 'they will get in the way' even Craig whytes 1st bit of truth is that he hasn't spoke to miller & wont sell to him as he believes he will liquidate the club.so wake up....

IT'S ANOTHER PR STUNT! 

Who even gives this bill miller the power to tell his rivals put up or shut up even tho Whyte at the end of the day has a big say in who BUYS the club FROM HIM

3 weeks.....21 days before Craig Whyte & duff & duffer screw rangers & screw Scottish football 

Rather than be spoon fed jobbies from the daily papers 

Lenny

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20 Apr 2012 19:55:42
So if SFA announce penalty points early next week over the disrepute charges then that's that.

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Just wish SFA would come out with whatever sanctions they are or not going to impose.Same for HRMC.At least we would know where we stood instead off this pantomime being played out every day.

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Let me get this straight ...... Here's the rules, this is ur punishment ........oh wait! It's not enough to satisfy our blood lust .......I know! Let's make new rules with far greater punishments because it's Rangers and we've been waiting years to put the boot into them ........yes very fair! Justice Scottish football style eh ....... Disgusting! LB

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20 Apr 2012 19:33:39
After reading and digesting miller time's press release it just does not make sense.In it he claims to have had dialogue with the SFA regarding assurances on the rangers admin/liquidation scenario.Alex Thomson had it confirmed,by the SFA,that no discussion's have taken place.So a guy who has not even put up the required fee for exclusivity,has started lying to rangers fans before he's in the door.This is the biggest cop out so far in this shambles.It seems to me that Miller might be playing fans in an attempt to waltz in,hero like,post liquidation saying he tried his best to avoid this.At this moment nobody knows what shape rangers will be in next week never mind next season.The debt has reached a toxic level and that's before the tax case result,which will be at best,another 24m to be added.Factor Whyte in and the problems seem to be insurmountable......green jhedi

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Another expert form the dark side taking time to digest matters. You breathe RFC. Why dont you contact Alex Thomson and ask him to clarify the SFA situ instead of immediately jumping into bed with Mr Thomson. You know you want to.

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@1; err,he already has clarified the situ,so..what you on about?.......green jhedi

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20 Apr 2012 19:31:21
From what i read does nobody realise not a sole has to take 10p in pound,they must agree to do this,
If pushed enough if you were due that kinda money would you say il take 10p or would u cut nose of to spite your face

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Ticketus 63% debenture owners would be very close to 75% to force through a deal that would have to be legally accepted as the debt stands just now

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20 Apr 2012 19:12:01
DUFF AND PHELPS, the administrators of Rangers Football Club, issued the following statement tonight.

Paul Clark, joint administrator, said: "At the end of a frustrating week we'd like to provide an update to the fans regarding the bidding process.

"It should be reiterated, however, that no unconditional bid has been tabled by any party.

"There have been a number of complicating factors in recent weeks, not least the cloud of possible further SPL sanctions against the Club and the withdrawal of one of the parties last week when it emerged they had no formal agreements in place with their partners.

"This, combined with uncertainty regarding the role of Ticketus in any future ownership, has led to delays that we and all Rangers supporters would prefer not to have occurred.

"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.

"Today, we have seen the Singapore consortium led by Mr Bill Ng issue a statement announcing withdrawal from the process whilst indicating the possibility of launching a bid again at a later time.

"This has been reflective of the changing position of bidders.

"We have also read the statement by Mr Bill Miller that sets out a vision for the club, but acknowledges it as being dependent on possible SPL sanctions.

"We can however say that if these issues could be addressed the structure of the bid has potential.

"As things stand tonight, the Blue Knights have informed us they are in discussion with Ticketus.

"We will consider what progress they are making with a view to making a final decision at the beginning of next week.

"We realise the frustrations of the Rangers fans who want this process to come to a swift conclusion.

"In Rangers' case, we have been in administration just more than two months. A lot has been achieved during this time and in comparison to other British football clubs that have entered into administration, it has still been a relatively short spell that we have spent in administration so far.

"However, not every club in administration will have had to deal with the complex issues that Rangers face - the present owner, Ticketus and sanctions from football authorities.

"Unfortunately, we cannot wave a magic wand and make these issues go away. Even beyond our role, the strategy of each bidder in addressing these matters is of vital importance.

"Ally McCoist spoke at his press conference today about the need to build for next season - we are keen to see this happen as soon as possible.

"We are well aware of the problems that sustained delays may have upon the management and the team.

"The team have been tremendous during this difficult time, as has the wonderful support of the fans.

"We would ask the fans to remain patient for a few more days. Discussions will continue over the weekend and we will have an update as soon as there are notable developments."
.....jsm

Believable0 Unbelievable0

20 Apr 2012 18:58:59
Okay, tonight's sound bites indicate Miller is in pole position. If that's the outcome on Monday perhaps our Press Corp could use the 2 week window which Miller will be granted to research, dig, dig deep into Bill Miller and specifically see if there are any connections to Whyte or Ellis. Last year the press lazily announced the "Whyte Kinght" to RFC rescue....lazy, lazy journalism as has been proven. So men of the Press...and specifically Jackson, King and Traynor....here's a chance of redemption and prove you remember what you were told at journalism school....

I know I sound cynical about Miller but it's all borne out of D&P's handling of administration and of course well publicised connections with CW. There have been too many "sideshows" by D&P as attempts to suggest to the masses (and The Crown) they are carrying out their role responsibly...and let's just see if the class action against Collier Bristow actually ever happens!

The art of a good con is all about causing DISTRACTION. D&P slag off CW's credibility....CW and Miller both make it publicly known they haven't spoken..have no intention to...blah, blah, blah....sounds like they have a script to fool the masses!

SPM

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20 Apr 2012 18:09:06
so its bill miller or bust....i cant help thinking d&p has played a massive part in dragging this admin on and on. it should have been sorted a long time ago, deadline after deadline has passed, and now i fear we have reached the end of the line.
a sad, sad day!
craig whyte and co......u c*nts!

Believable7 Unbelievable2

Can't you work out , whyte pulling all the strings to get heavy cash payout, why duff and phelps drafted in
Ska bhoy

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20 Apr 2012 17:51:16
Knowing that AM has been in the mix
with all the so called "buyers" he has
now stated


"Manager Ally McCoist says Rangers'
situation must be resolved before the
end of May amid fears of liquidation"


"It's only my opinion but I don't think
we can wait until anything like the
end of May," McCoist said

Be Ready....

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20 Apr 2012 17:43:56
Just read bill millers statement on
ssn and feel he is making valids points on using an (incubator company to protect the
heart of the club)but i wonder why he is telling other bidders to put up or shut up in
one breath and in the next delaying his
deposit until monday which is kind of contradicting himself a wee bit,,,,,,but one thing he says is true
time is running out to save rangers
WE WILL RISE AGAIN

Believable1 Unbelievable7

Looks like an incubator company is basically a newco.

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Right fast forward to Monday & say miller is the man for the job ..... No wait that 11.2m is for creditors,still a few problems 1st being Craig Whyte. I don't see him selling up without getting a good few millions (10/15m) at least,then you have wages which must be 17m per year (22 players on a average wage of 15k pw) then just general day to day stuff like running the club etc so that will add up.

So he claims put up or shut up but yet he hadn't spoke to Craigy Bhoy or ticketus because 'they will get in the way' even Craig whytes 1st bit of truth is that he hasn't spoke to miller & wont sell to him as he believes he will liquidate the club.so wake up....

IT'S ANOTHER PR STUNT! 

Who even gives this bill miller the power to tell his rivals put up or shut up even tho Whyte at the end of the day has a big say in who BUYS the club FROM HIM

3 weeks.....21 days before Craig Whyte & duff & duffer screw rangers & screw Scottish football 

Rather than be spoon fed jobbies from the daily papers 

Lenny

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20 Apr 2012 17:43:52
"My offer is contingent upon the regulatory bodies agreeing that the club will begin play in the 2012/13 season in the SPL and that they will do so without any loss of points and with all historic titles intact. I will not acquire the club unless I receive written assurances from both regulatory bodies to this effect.

Dont think so....thats a big get out...

Believable3 Unbelievable0

Bill when you are at it tell UEFA you want into the last 8 of the Champions League

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20 Apr 2012 17:38:09
Any Medical Students want to
comment?

Mr Miller added: "There is no way that Ticketus would agree to accept a 'pence on the pound' settlement as has been suggested by others. Obviously, the longer the process dragged on without a resolution, the less viable the club would become. If this process continued on for a long period without resolution, the inevitable result would be real liquidation."

He said his £11.2m offer for the clubs assets includes a £500,000 exclusivity fee for preferred bidder status. Mr Miller continued: "In order to preserve the club's history, records, championships and assets, I will put the heart of the club into an incubator company while Duff & Phelps works to make the sick patient healthy through a CVA process that effectively works to radiate the toxicity of past administrations' sins out of the patient while the healthy heart is preserved and moves forward.


Was their ever a Brain!
Are we talking Frankenstien !

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20 Apr 2012 16:09:52
Just read Miller's statement in full and taken at face value looks ok to me. Two points though£11.5m does not seem like a lot to be able to secure cva? And a point I made earlier will ticketus not block any such proposal unless they get in excess of£10m?

Ed, can I ask if you think this "incubator" idea could work an be approved by the authorities? Would other clubs in financial trouble all just follow suit? {Ed001's Note - it could work, but it would create a precedent for others to follow, so they may not be keen on it. It is difficult to see what could be done to stop it by the SFA etc though.}

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20 Apr 2012 17:26:36
When the website for all pledges was there not about £15million?..fast forward to the RFF it raised roughly£450000,now i am no that good at maths...so were talking a £14,500000 difference here.so all weren't that loyal it seems.Why were your RST,RA all supporters clubs, not out in there tens of thousands about a year or so ago demonstrating demanding answers,as the TRUTH was out there!yet were all blinded by the media pr spin& arrogance that admin& liquidation were dreams of delusional timmys!The new word on the street is an INCUBATION,last few weeks was hybrid,lmao.Miller is after any assets pre liquidation,so its end off days coming.awe well at least marching season is upon us for yous to show your support for..just think too if all them players( & there are plenty)had paid back there EBT LOANS into rfc,could have raised tens of millions& could have save rfc..stevo

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It's Friday, it's 17:26, it's buckfast stevo!

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I agree with you liquidation looks almost certain now, if that happens I would like to start in division 3. Deluded dhims like you would then see your club suffer, fewer supporters,less sponsors, spl suffering means one thing less cash. And then theres the European coefficient, your champions league outings normally end in July, so still think your club wont suffer! Still think you'll attract decent players to play for your supposed great club for the big derby against St Mirren. This effects the whole of Scottish Football

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And who will have brought this suffering to the spl/?Yes your club,we and every other club will cut our cloth to suit,something rfc should have done long ago..@1 when will you wake up,its over,history being gone what is hurting the die hards,but beleive in this incubator hybrid bolloc@ks...miller has not a chance in hell with his bid..stevo

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The big derby would be against Motherwell, Fir Park closer to Celtic Park than St Mirren Park is. You could call it a l ocal derby

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And no European football for any club when former directors admit to double contracts with the full consent of the SFA and the SPL to boost COEFFICIENT FIFA step in to punish Scotland for fielding ineligible players in their competitions get rid of the British vice president on their committee and ban national team THE END

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20 Apr 2012 17:17:35
fellow bears, take the time and complain to all these muppets, demand answers.... jsm
paul.clark@duffandphelps.com, andrew.stoneman@duffandphelps.com,
paul.teuten@duffandphelps.com, benjamin.wiles@duffandphelps.com, paul.williams@duffandphelps.com, james.wood@duffandphelps.com, matt.bond@duffandphelps.com, jason.godefroy@duffandphelps.com, simon.greaves@duffandphelps.com, mathias.schumacher@duffandphelps.com,
geoff.bouchier@duffandphelps.com, noah.gottdiener@duffandphelps.com,
patrick.puzzuoli@duffandphelps.com, brett.marschke@duffandphelps.com, jacob.silverman@duffandphelps.com, gary.bannon@duffandphelps.com, robert.chrysler@duffandphelps.com, ted.lee@duffandphelps.com, john.lilly@duffandphelps.com, bill.pearson@duffandphelps.com, robert.taylor@duffandphelps.com

020 7715 6711 - Switchboard
020 7487 7240 - Paul Clark, Managing Director
020 7487 7240 - Andrew Stoneman, Managing Director
020 7715 6711 - Paul Teuten, Managing Director
020 7487 7297 - Benjamin Wiles, Managing Director
020 7487 7240 - Paul Williams, Managing Director
020 7715 6711 - James Wood, Managing Director
020 7487 7240 - Matt Bond, Managing Director
020 7487 7240 - Jason Godefroy, Managing Director
020 7715 6736 - Simon Greaves, Managing Director
020 7715 6711 - Mathias Schumacher, Managing Director
020 7487 7240 - Geoff Bouchier, Managing Director

Believable5 Unbelievable2

Tbh its the bidders who are holding up the sale,miller says wait till monday to give the other bidders a chance....its almost as if he wants someone to make a better bid than his,comedy gold from start to finish.

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Is that the hit list for when we get buried? There's a few names missing !
PaulRFC

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Paulrfc .what happend too the wheels are in motion,exciting times ahead you posted a day or two ago? pmsl seems yous have ran into a brick wall,and all before the taxmans verdict...stevo

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11 names is this next seasons team? On second thoughts at £500 per hour we cannot afford them. Anyone got a clean pair of boots and knows where Elgin is?

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This post should be remove immediately. it is advertising persona details of people. The site has been reoported to the relevant authorities and shows that the sight is ran wirh people oyt to hurt our club {Ed001's Note - they are publicly available details, grow up, and in future don't waste people's time by whining to teacher.}

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20 Apr 2012 16:15:53
You put your whole bid in you take your whole bid out.
You do the hokey kokey and you turn about.
That's what it's all about......see!

Believable7 Unbelievable1

Well Craig Whyte and his administrators have succeeded, goodnight it is all over. As a Gers fan ths is very sad nd I'm afraid whether Celtic or others like it or not, Scottish football is in trouble.

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Wasnt that song banned as being loud and scary or something

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20 Apr 2012 15:48:47
its not an incubator company we need it s a life saving machine. Utter nonsense

Believable3 Unbelievable0

Legally sound and no way to stop it debt free and keep our history obviously would be penalties but doesnt have to be Miller that takes us down that road take a hint TBK you have been shown the path to take

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20 Apr 2012 15:36:13
Seems to me D&P have been struggling to find any bidder that actually has any credibility. Whilst they themselves are turning a profit on their dealings with Rangers, there are many unanswered questions that need answers now. D&P should be putting all their efforts into getting a stable bid on the table with real financial substance. Yet it seems they are the undoing of this. All I see is the bidders walking away, complaining and no action. The amounts being floated about as being available,  just don't add up to any long term future and I think they know that. 

Believable1 Unbelievable0

20 Apr 2012 15:33:58
How come Rangers with a debt of £18m and btcase pending before Mr Sh**e arrived on the scene can go to debts of £134m allegedly in 9months?.£24.5m from Ticketus +£9m non payment paye @ni.Can any one explain where the other £100m debts from? SDM hold your head in shame sir(last time I will call you by that name).

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David murray U.W .ultra wide ,he new exactly what he was doing when he slinked away out of the limelight as if he,d sacrifised 20 years of his life to put gers on the map and pedestal ,he,d been as well tying us to a stake in the solway firth waiting for tide to come in doug

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20 Apr 2012 15:30:08
Well at least TBK & Kennedy know
what they've got to beat now.

You both have until Monday to either
join up or go in separately. The
choice is yours. As Big Bad Bill Miller
says " it's time to put up or shut up
" it's time to save Rangers !!

Believable0 Unbelievable2

20 Apr 2012 15:22:56
Mr Lee Kwee Day Shun a Chinese trillionare has just made a bid for Rangers.......DH

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20 Apr 2012 15:12:32
After weeks of hoping against hope it sadly looks like we will indeed be liquidated.How supporters deal with this will be up to them as individuals. Speaking for myself it will be a sad day but i am arangers supporter and always will be whatever form they take post liquidation. What must never be forgotten is that this was caused in the main by the decietfull david murray. What i will also never forget is the obvious glee at our club folding by supporters of other clubs, mainly celtic. To see some of these grown men behaving as they have these past few weeks was a pathetic sight indeed and tells you all about the twisted mindset of these people. I can honestly say i hardly knew of any gers man who wanted celtics demise when the boot was on the other foot.

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I totally agree with the original poster, the so called celtic supporters come on here spouting their hatred and spite for our club, our history, our heritage and our supporters and then try to dress it up as a bit of banter. They should look in before they look out

JG

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@op + jg;Are you serious? Let me tell you, when we had our troubles plenty rangers fans were lining up to put the boot in(not put it on the other foot)and point the finger.What do you really expect? A whip round at Parkhead?And jg,come on your history and heritage are at stake because of staggering arrogance.When all this started coming into the public domain,18 months ago,it was "timmy" being jealous.When Whyte swaggered down Edmiston drive,to much cheering and adulation,Any criticism was us worried that rangers were on the march to euro glory with the new billionaire owner.Everything that is causing you pain was all over the internet,did you take notice?Forget your history and come in to the here and now,276 creditors cant be wrong.Tax,NIC,rates even the ambulance service for chrissake! We took plenty stick pre Fergus,remember the hearse your fans sent to parkhead? The wreaths? It's Karma.............green jhedi

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Before accusing anyone of hatred, check out some of the posts by Rangers fans on here, especially yesterday's from Steven.

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Thta sthe biggest load of cack I have ever read on these pages. I know you are hurting but turn it up. If the boot was on the other foot it would be exactly the same.

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@2 you completely missed or ignored the point i made in my post and just went in to the usual ramble with creditors, tax, blah blah blah, did I enjoy the period when you were in trouble? 100% right i did, did I ever want to see you go out of business, 100% did not, I enjoyed the OF games and the rivalry too much and when we won the league i wanted it to be after a hard fought season. But GJ even you must admit that the SPL will be a much poorer place if we are not in it, which at this time is still a distinct possibility, as the saying goes - be careful what you wish for

JG

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@JG; Agreed.But i think you might be missing the point,i dont want rangers out of business,just punished in a meaningful way.If it was my choice i would say div3 and work back to the SPL while paying off your creditors over how long it takes.To be honest the posts of a large section of fans do want to pay the debt,and credit to them for that,but i fear the BTC might be just a debt to far.History tells us that before Murray arrived rangers had won four leagues in twenty years,aberdeen and dundee utd were vibrant and winning trophies.The truth is that's what might have to happen again.The rangers support,if they stick with the team,will have an enormous part to play in the rebirth of rangers.If every fan who was in Manchester gave a pound a week the debt would be dented relatively quickly.Gate money from full houses,even in div3,friendlies and some imagination in fundraising would lower it even more.We will all miss the "big game" but it is only for a few years and you would return with great credit for doing so as,and lets be straight,this is not decent fans fault.You can be sure when debt goes down investors will come,but a large scale downsizing will be required............green jhedi

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I dont think all celtic fans find it funny,but i dont include myself in that.GIRUY.

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20 Apr 2012 15:00:17
Full text of statement by American businessman Bill Miller on the Rangers takeover...

“I am making my proposal to takeover Rangers Football Club open, transparent and available to all those interested in Rangers future.
“Given all of the noise in the media from various sides of the transaction and given the numerous inaccuracies in much of what has been reported or intimated by others, I have decided the time has come to set the record straight and to issue a challenge to any would-be suitors of the club.
“Most importantly, I am doing this now so that Rangers fans and supporters can judge my bid and plans for the club on their actual merits - rather than rumours and innuendo.
“There is no time left for empty promises and grand-standing.
“The time has come for all interested parties to either put up or shut up. Everyone involved has had their ‘15 minutes of fame’.
“Let’s save Rangers. There is no time left.”
Facts about my bid:
• “Of the three qualified bidders, I am the only bidder who refused to entertain offers from Ticketus or engage in discussions with Craig Whyte.
“It is difficult for me to see how any parties who were present when this awful situation was created can be a legitimate part of the solution.
“I believe firmly that when you mortgage the future by the use of debts and financing instruments like has been done in the recent past, you endanger the very survival of the club.
“All of the ground swell created in the attempt to indicate that a CVA is a simple solution to save the club and its history is simply a naïve understanding of how this CVA process would work and the risks associated.”
• “Despite constant rumours and suggestions by others, I have proposed a purchase of the club through a CVA from the beginning.
“I have no plans for liquidation of the club. After careful evaluation of a Rangers CVA process, it has become apparent that there are substantial roadblocks and risks associated with such an approach.
“Of the qualified creditor claims, which is currently under £100M, the Ticketus claim of £27M (in excess of 25% of the total) would put Ticketus in a position to be able to block any CVA agreement with which they did not agree.
“There is no way that Ticketus would agree to accept a “pence on the pound” settlement as has been suggested by others.
“In addition, it is apparent that there will be several lawsuits that will emerge in relation to a potential CVA exit among the various creditors and claimants (you pick them), which will need to be settled by the courts.
“Consequently, the CVA will be prolonged - meaning the process would go on well into next season and possibly beyond. This would place additional penalties on Rangers as long as they remain in administration.
“Obviously, the longer the process dragged on without a resolution, the less viable the club would become. If this process continued on for a long period without resolution, the inevitable result would be real liquidation.”
• “Over several weeks of discussions, my advisory team and I have created a solution that saves Rangers, protects its history and gives it a fresh start - rescued from the ruin created by others.
“I believe, and we have compelling professional advice to support my view, that my offer, as structured, can enable this to happen without any question of Rangers seeking or being given any special treatment.”
• My proposal on the table now is to pay £11.2M for the club which includes the £500,000 deposit required by Duff & Phelps.
“In order to preserve the club’s history, records, championships and assets, I will put the “heart” of the club into an “incubator” company while Duff & Phelps works to make the “sick patient” healthy through a CVA process that effectively works to “radiate” the toxicity of past administrations’ sins out of the patient while the “healthy heart” is preserved and moves forward. Once the CVA process has been completed and the patient is on the mend, the administrators will return Rangers Football Club plc to me for a nominal sum.
“The healthy heart and the healthy patient (The Rangers Football Club plc) will then be reunited through merger.
“In this scenario, the club can continue with all of its business assets, including its history, protected from the present illness.
“Thus a new corporate entity will own the club’s assets during the incubation period including all of its history.
“Any suggestion that Rangers history is lost by such a process is preposterous.
“Using such logic, Rangers would not actually have a 140-year history as its current corporate structure was only created in 1899. To suggest that Rangers thus have only a 113-year-old history is absurd.”
• “As a final step in the process, I have held a series of talks over the past week with officials from the SPL and SFA in an effort to ensure Rangers play in the 2012/13 season without further points deductions, fines or other punitive sanctions, relating to either the terms of my purchase or the actions of the prior administrations, beyond those levied during the 2011/12 season.
“My offer is contingent upon the regulatory bodies agreeing that the club will begin play in the 2012/13 season in the SPL and that they will do so without any loss of points and with all historic titles intact.
“I will not acquire the club unless I receive written assurances from both regulatory bodies to this effect.
“It is my strong view that Rangers and their fans should not continue to be punished in the future for the past failures of others.
“Rangers need a fresh start and I will always stand up for the club.”
The plan:
“I have retained the services of certain sports business and UK football experts from Scotland, England and America to assist with the turnaround of this distressed and loss-making business.
“I realize Rangers have been losing money on a monthly basis and can easily find itself right back in administration in short order if significant changes are not made to the business and if the new owner does not have the financial wherewithal to accomplish the turnaround while the club haemorrhages cash.”
• “We will focus on a disciplined business approach that uses strict adherence to budgets and metrics to ensure the club does not attempt to live beyond its means so that it can be in compliance with UEFA’s new requirements of financial fair play.
“I am acutely aware that the club will require working capital and this will be assessed in more detail in coming weeks as the due diligence period progresses.”
• “We will focus Rangers aggressively on growing current revenue streams and developing new ones. I believe that such a program is necessary to ensure Rangers have the kind of player wage bill that is necessary to field a highly competitive team, while not operating at a loss.
• “As I have already discussed directly with him, Ally McCoist will be retained as the First Team Manager and will be responsible for the success of Rangers on the pitch.”
The challenge to others:
“Since other bidders and/or would-be bidders have consistently made claims in the press for weeks and months about how they have all the solutions and answers for saving Rangers, I have decided to offer a challenge.
“I have worked quietly over the past several weeks to put together a plan that saves Rangers from liquidation and allows the club to be made healthy again.
“I have attempted to do this without fanfare or without drawing personal attention to myself as I don’t need or desire to see my name in the headlines.
“However, it appears there are others who suggest that I have some motive other than to acquire and protect the history of this great club and put in on a strong footing for the future. They maintain they have better plans to save Rangers.
“So, in an effort to give Rangers and its fans, supporters, players and staff an opportunity to see for themselves, I have shared the details of my plans.
“Although it was my intention to wire the required deposit tomorrow to secure preferred bidder status, I have notified Duff & Phelps that my offer is to be suspended until Monday to give anyone else interested in acquiring Rangers time to complete their bid and put down the £500,000 deposit.
“I would not want anyone to have the impression that my offer is not the best one for the club.
“So I now put it to the other suitors who claim to want what is best for Rangers. If you sincerely want to save Rangers, the time has come for you to put up or shut up.
“I will agree to “stand down” until Monday, April 23rd to allow any and all “saviours” to step up and claim the club by paying the required deposit and entering into an agreement to purchase.
“The time for talk is over. The club is in serious jeopardy of dying. “Real” liquidation is looming.
“If no one else steps up by Monday, then I will assume everyone is done talking and I am the only one serious about saving Rangers.
“In the meantime, I will continue talks with the SPL/SFA in an effort to get a quick and satisfactory resolution so I can then move forward to become the preferred bidder as outlined.
“I ask Rangers fans, supporters, staff, players and Ally McCoist, after reviewing my plan for the club, to make their opinions known by Monday to the press and to the SFA and SPL officials. Time is running out to save Rangers.”

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"My offer is contingent upon the regulatory bodies agreeing that the club will begin play in the 2012/13 season in the SPL and that they will do so without any loss of points and with all historic titles intact.
I will not acquire the club unless I receive written assurances from both regulatory bodies to this effect"

...So basically you wont be buying Rangers then?

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At least he is telling us how he would like things to develop , and sounds like he will always be ready for a battle with e the monkeys at the sfa/spl etc... jsm

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20 Apr 2012 14:52:32
If We rangers fall then watch the house of cards that is Scottish football tumble, Why would Sky want to telivise the SPL Why would the sponsers then pump money into clubs and why would any quality footballer want to play in a backwater competition. We fall and so do the rest, So to all celtic fans who are enjoying the show, hope you love the pub football. Wibblyblue

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Ah, the old "you are right in trouble" spin. You are boycotting lots of away fixtures next year so they are gonna lose that anyway.In an on-line fan survey the overwhelming opinion is you must be punished,can you understand other fans views? At present there are 276 creditors awaiting payment,Ranging in size from small sums to huge amounts.This is not including the results in the BTC(which to be fair is taking a ridiculous time to be announced) or the dual contracts investigation.So i ask you this;What would your suggestion be with regard to rangers creditors?...........green jhedi

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Toys and pram m8, "We fall and so do the rest", think you will find that Scottish football will continue. In the late 70's early 80's Rangers and to a lesser extent Celtic Did not rule Scottish football, Aberdeen, Dundee Utd and hearts were al in contention to will leagues and cups. So we may not get great money from Sky but BBC or STV will pick up some games for less money, people will go back to football and support there teams.
To think Football will die because Rangers die is a bit arrogant. There will always be Scottish Football and the fact you aren't playing means there could be a league reconstruction will more teams involved which would make it a better league.

Vambo

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Aye but running costs and wages are a lot higher now than the 70s and 80 s youve a lot of greedy players out there who think their better than what they are even gers had a couple before this fiasco started doug

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Vambo - be careful too much talk about football on here! think the biggest difference in the 70s and early 80s was that there was a better class of home grown talent then and much more of it, you could probably count on both hands the number of foreign players in the SPL and every top team in england had a scottish quota

JG

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Scottish football will survive.
Excluding Celtic, the next 2 maybe 3 clubs in the league will have an increase in attendances but nothing great, as happened in the 80s for about 3 yrs.
The rest of the league will be the same as is this now. If a team is not in the running for the euro places, there is no extra interest in each game.
Through time celtics crowd will lessen as the need for a season ticket will not be as necessary because there will always be tickets available for matches. Celtic will win the league and have the banana skin euro qualifiers to look forward to as the scottish co efficient lessens. No scottish team is good enough for champs leag or eorpa lgue success only once in a blue moon maybees, maybees not.
The scottish international team as it has done for many years will qualify for a world cup and maybe a euro, more then than now.The players mostly coming from lower placed teams in the EPL and the eng champ, this being due to all members of the spl requiring to sell players. Basically celtic would be the main spl club to buy other scottish players, however they have not done this in recent years, more non scots entering celtic park. No RFC to sell players to or to use to up the asking price.
So football as we know it, yes and the best tv deal will be scotsport or bbc sportscene highlights on at 10.30pm prob a Monday. The use of the internet sounds good but if it can be hacked into this now it will be in the future.
If you think RFC fans will suddenly turn up at grounds to start supporting other clubs, you are in noddy land.
I believe if the club goes the fans will not be back. Scottish football is not a strong product or performer in the bigger picture.

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In the 70s and 80s that all are talking about, the scottish league premier division from 1975 to 1998 had 4 non old firm champions in 23 years.
Since the SPL started in 1998 to present there have no non old firm teams that have won the championship in 14 yrs.
Yes there was a 3/4 year spell with Aberdeen and Dun Utd doing well and in euro to. But that is it.

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My dear Mr G Jhedi, If the club is liquidated , if it is no longer in trading if it was to stop, what then for the creditors? yes the people who ran the club have done wrong, this said its only since Mr whyte came along did the papers and the face paints and the flowers not get paid, The BTC is not yet a done deal, and the continued strangulation of the truth is not helpful, but if celtic fans and the rest are truly concerned for the people who are owed money and are not just getting there kicks from the situation then thats fine but sadly i feel that the average tic fan could not give a toss for the paper shop , but rather take pleasure in rangers predicament and as a result an indirect joy at the hardship of those small businesses, so to answer your question, if it was up to me I would pay every last penny owed, but next best thing would be a CVA. Also if the product of the SPL is diluted by our demise and the crowds fall and the money men go away , what then happens to all the other small businesses that supply all the other clubs. now you seem like a sensible chap and i know that deep down you are routing for the blue cause. love Wibblyblue.

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@wibblyblue;If rangers are liquidated no one can say what would happen to the creditors as we dont know the break up value of the club.The small sums owed to some creditors are a risk of giving credit, and they might have insurance against getting stiffed,as might the larger creditors.Of course some Celtic fans will be taking great pleasure from your predicament,and to be honest i do,but i would not like to see rangers vanish.I have posted before why dont the fans find out who had the EBT loans and ask them to contribute? Why does murray not at least,pay the debenture holders their cash from his own funds?Lots of people to blame for this but im afraid they all come from within ibrox.If you have to start in div 3 then so be it,i posted my thoughts earlier on this,but you will be back in three years,im pretty sure the league would be okay for that short time.Yes finances will have to be trimmed by every club,us included,but that might not be a bad thing as wages are at stupid levels for the scottish game.............green jhedi

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My dear Green Jedy bhoy , I find myself agreeing with you again, It has to stop as people will start to talk. Are you syre you are not a bear in disguise.

Wibblyblue

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20 Apr 2012 14:29:26
the blue knights will take over.have a share issue problem solved whats all the panic about.we will be up and running next season.winning the league as usual,BLUE PETER

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Just how deluded are you to think that they'll take over and a share issue will solve all the problems?! Oh dear.

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20 Apr 2012 13:59:20
Somewhere in the US just now.....
ring ring ring ring " Hello Bill Miller
speaking " , " Hi Bill , Ticketus here
how ya doing ".....

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Somewhere in scotland - 10 chairmen of the other SPL clubs - ring ring ring ring, "hello, hello lets decide to turn celtic around bend them over and ream them good style if the Rangers are out of the picture
whats that liewell has a plan to go and play against preston and carlisle

JG

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Liewell? really? Considering the lies and spin rangers have used for years that is brilliant. Your owner,directors and the media have been lying to you for years,hence the mess that rangers are in..............green jhedi

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20 Apr 2012 13:55:48
Duff & Phelps "have made it crystal clear" to prospective buyers that they need "unconditional bids" before naming a preferred bidder.

Can anyone do this with the Big Tax
Case still hanging over us , Craig Whyte & Ticketus

no, ...so liquidation is staring us in
the face i'm afraid !

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Crystal clear eh ? F£cking widos , we are witnessing the slowest death of a football club ever, an when it happens the inquiries an bull sh!t is going to last for years, RFC die my support dies with it , Scotland will be my team.
PaulRFC

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Starting t big picture at last john paul!!a suppose you had to cling onto the media spin for some lifeline,all pi@s takin aside,its the worst admin in history,a said long ago duff n duffer were close partners of whye and in it to make money for themselves m8.stev0

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"John paul"? Nah stevo i like women mate!
PaulRFC

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@3;your better than that mate.........green jhedi

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Lol,well a said yesterday about 3pm ng was out the running,due to main creditors(who are they) wanting him to triple his bid,yet was shot down by the none beleivers!!hindsight is a wonderful thing,many a times was all timmy propaganda lies muck throwing,yet were well warned in advance,as alec thompson said,& many before him,5minutes on google would have told yous what the whyte knight was all about!!the way things are going i dont even think a newco if happens will be playing in spl next season...stevo

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20 Apr 2012 13:50:15
Duff and phelps agenda is clear for all to see
Get us to the end of the current season by any means neccesary
Block all bidders that want to save us with a CVA
liquidadate the club and make themselves a nice earner at the same time

The worst thing is that we the fans, are helpless to stop this
We can jump up and down edmiston drive for a week but our fate looks sealed.

I hope i am completly wrong but unless Murray and Kennedy can get together and force a deal through we are totally fu#@ed

JG

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20 Apr 2012 13:42:03
Finally judging by the panicing messages the penny is finally dropping and you now understand what was explained to you all way back - No more club as it stands, no history, no team, no more - bye bye

Believable7 Unbelievable3

Wrong there the history will still be there ,eg .names on scottish cup like vale of leven / renton / and the famous glasgow rangers cant erase that . gers present predicament is the only way celtic were ever going to overtake us doug

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Firstly the name is NOT Glasgow Rangers, secondly, this may be the only way Celtic could take over rangers but it was all Rangers fault, I feel sorry for the fans that have pit monies into the club for years and years and been treated like dirt

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P.s. forgot to write my name for @2, Vambo

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Yes its THE rangers football club as i have letters from ibrox from the late 50 s but we are known world wide as glasgow rangers and celtic known as glasgow celtic your nit picking there with that response to my post doug

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20 Apr 2012 13:25:02
I am sick and tired of this now guys, everyday brings more and more contradiction, with the credibility of our club slipping away. The fact is that we will liquidate, we need to accept this, it makes no business sence to buy our club. I firmly believe all interested parties now accept this. Craig W appointed his own administrators with this purpose. I just hope our top players don't walk away in the summer but this looks odds on now.

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20 Apr 2012 13:22:52
Camelot have just announced an increase of 45% Euro millions tickets being sold in Govan today.

Looks like the Blue Knights are leaving no stone unturned to raise the cash!

I hope it's the euromillions and no the Thunderball lol

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20 Apr 2012 13:12:28
is there no one with morales interesting in paying the bills over a number of years but at least this would keep the club history intact you do not need millions to turn the league around just a good coach and scouting system

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20 Apr 2012 13:03:35
last man standing i can hear the bugle and the white flag do not worry the vultures will be back for the scraps later

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20 Apr 2012 12:59:41
So it's bill miller (I want to liquidate rangers) vs Craig Whyte ( haw its ma idea to liquidate them 1st ya yank)

So IF it is miller who's the 'preferred' bid by the end of the day then surely Craig Whyte will only sell to him if he gets the same amount of money as he would if he liquidates & sells the assets on to someone else ?

Honestly some guy left a reply on here last night but can't remember who it was think it was STD or something like that but even as a Celtic fan he just about movitvated me to do something about the rangers saga lol but rather than get fed BS from the 2 main Scottish papers maybe do something about it as when the season is finished wages go back up & there won't be much money coming in from season tickets or match days. Least if s**t hits the fan then as a fan you could say well we tried & it wasn't to be rather than blaming CW/D&P/SDM.

A guy claimed last night rangers have 3 weeks to be saved before all of the above happen ie wages/match days etc all go out the window & like it or not he has a point

Lenny

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He has stated in a 3 page statement he has no intention of liquidation.

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And whytes wealth was off the radar,what a gullible lot.

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Hi...it was my post last night which stated we have 3 week's to save the club. That timetable starts this weekend. D&P are legally in charge of the club. In my opinion they are covering their backsides sufficiently in the event there is ever an investigation into their conduct and handling of this administration process.

I have been re-reading their statements going back to mid Feb. Their Friday afternoon tea and scones with the Press Hacks always includes very subtle sound-bites which if you read and re-read again actually show their true agenda.

Example....at the end of March they asked all interested parties to make final and best offers. A month later the word "unconditional" has been slipped into that same sentence.

How could anyone irrespective of their wealth offer an "unconditional" offer when there is so munch uncertainty surrounding CW shares/control...HMRC...as well as the overall mess.

The original statement by D&P inviting "final and best offers" was supported by D&P stating that acceptance of the best offer would be followed by them granting the bidder a 2 week exclusivity period to conduct their due diligence. This being the period of time to clarify the anomalies of CW shares and expectations and I imagine be permitted to meet and discuss the position with HMRC personally.

Now, D&P are including the word "unconditional" which I interpret as misleading the original bidding request made by them late March.

What's my point you ask?

My point is D&P are either incompetent (and remember standard papers were not filed with the courts when they were appointed)....and every week's little chat with the Press Corp always includes at least one contradiction of previous statements (" CW is irrelevant...Ticketus deal is nul and void)....which leads me to believe they are way, way out of their depth or they are working an agenda for CW and just doing enough to keep it within the law....except, possibly for one thing!

The overriding objective of an Administrator is first of all to stabilise the business in trouble....and then, identify the best possible solution to compensate all affected creditors. Liquidation as we know only benefits one assumed creditor....Craig Whyte but it does NOT benefit all others including HMRC and Ticketus.

The irony here is HMRC and Ticketus may yet be the SAVING of us....but for that to happen, D&P MUST appoint a preferred bidder.....

Based on today, there are only TWO parties to choose from - TBK or MIller - unless Kennedy comes forth.....and it's now 16 days since all "final and best offers" we're submitted.....and by the actions of Miller, TBK and even Ng's press release today, not one of them appears overly concerned about the SPL announcement of last week about possible new sanctions....therefore D&P Re running out if they have not already exhausted excuses to cover their shortcomings and now CONFIRM that PREFERRED BIDDER.....because regardless of what conditions TBK or Miller may or may not want to have, they - in my opinion - represent the best solution for the majority of ALL creditors as frankly I do not see how CW will ever legally be proven to be a secured creditor.....

BEARS....we have 3 WEEKS....I'm not scare mongering....that is the truth...Paul Murray knows that is the deadline also....again re-read his statements from the past week....and as fans we have sat on our big fat backsides expecting someone to come in and make this nightmare go away.....we ALL need to realise and believe that is NOT happening.....therefore WE need to force D&P to act and appoint TBK or even Miller although I don't trust anything he says.....so for me it's TBK with Ticketus. Hugely influential ally in helping to oppose CW's agenda of liquidation.....WE NEED TO LET D&P KNOW TIME IS UP.....

Fellow Bears...cast any silly nonsense aside and remember the impact Brian Dempsey and Celtic fans had on overpowering the old Celtic board before BOS closed them down....D&P are effectively that Celtic Board to us.....I wish we had a Dempsey figurehead of our own but unless Paul Murray can overcome his camera shyness what we do have apparently is a loyal fan base......IT'S TIME TO REBEL

SPM

I am wiling to organise the demonstrations including liaising with Strathclyde Police to ensure we do this properly in a controlled, objective manner. I will happily give my contact details to the Editor although in truth the RSA should be doing this for us....but they are not.....

Make your choice.....REBEL and FORCE CHANGE now or bitch and moan on sites like this and watch the club vanish before the end of May!

SPM

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20 Apr 2012 12:56:06
For God sake Kennedy join together
with TBK and get a deal done to save
our great club !

Believable3 Unbelievable5

No chance, Kennedy's a chancer

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20 Apr 2012 12:55:58
Rusty the tim here!!is it just me or does everyone do walking away!!!if it helps il buy the big padlock for the gates and I promise I won't put myself is one of the creditors!!!hail hail rusty the tim!!

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You mean you,l shoplift it out of b and paisley do you want me to pick you up at the end of the carpark lol doug

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20 Apr 2012 12:55:01
Jeeze even ally is using the L word now.........green jhedi

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20 Apr 2012 12:50:51
Have been A Rangers Fan for the past 42 years and I actually met with Mr. NG last Friday night here in Singapore and can assure all Rangers Fans this guy had the best interests of the club at heart. I was a guest at Hougton Untied and spoke with Mr. NG in the board room at half time about his intentions for Rangers should he be successful with the bid. I fear both the Administrators and Ticketus has made a big mistake here letting this gentlemen go. My own research tells me he is an expert in restructuring debt ridden companies and feel if anyone could have turned this club around then he was your man. Chances are we very much now are staring liquidation in the face from here on in. A very sad day indeed! What do masers Miller and Kennedy know about debt restructuring??

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20 Apr 2012 12:50:32
looks like ticketus will be scrambling
back to TBK wae their tails between
their legs ! thats what happens
when you try to play one off against
the other !

Believable1 Unbelievable1

I hope so m8, only this time tbk have the upper hand over tickitus over making a deal that better suits tbk....jsm

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20 Apr 2012 12:49:26
Ally mccoist says in his opinion rangers problems need to be resolved before end of May to avoid liquidation.

still unable to make any plans for preseason, or discuss contracts with players. He feels he is letting them down.

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20 Apr 2012 12:47:59
If tickets want £10m or £17m and are not involved with new owners how the he'll can a cva be agreed? Looks like Miller has a clear run and for the first time I think liquidation could be a reality!

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20 Apr 2012 12:44:05
What goes Swooshhhhh, Bill Ng pulling the plug on Rangers.

So what now liquidation looks inevitable for Rangers. All joking aside if I was Rangers I would petition to have Duff and Phelps removed immediately. They are doing more harm to Rangers than they are good, with every deadline passing and the club spiralling further in to debt and not moving any further forward.

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20 Apr 2012 12:41:28
Im digging out my bugle. If your all quiet you might hear the Last Post being played.

Joeshmo1888

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Dig out your flute as well mate!

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....."Digging out your Bugle?".....why as a Celtic fan do you feel he need to log on to our site and tells us your picking your nose........you lot in the east are strange people....honestly....obsessed.

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@2; Fair play,that was a witty retort.........green jhedi

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20 Apr 2012 12:28:09
i bet i know what happens now, there
will be a statement saying theres no
deals visable and we're going for liquidation.
This is just like a jigsaw puzzle.
GET YOUR F'ING FINGERS OUT YOU CLOWNS

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20 Apr 2012 12:20:35
Hi im not a football fan but a friends dad who is a scout down in england (english conferencs league )and has good contacts tells me Should rangers still be operating at the start of next season their team will consist mostly of loan players from england , several managers from both premier and lower leagues have been in contact with mccoist and have stated/assured him that they would like for their players to come to ibrox on loan as its a good chance for 1st team football and experience for these players and can only help their progress, and benefits both parties,

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How is a team full of loan players good for rangers? Would mean we are back at square one again for the next season, this is going be a long road back which should start with playing young Scottish players.

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20 Apr 2012 12:10:35
Should we not be hearing of a preferred bidder today, fingers crossed for the blue knights

Mark

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I hope so mark, but i dont think so, cw and duff n duffer are really setting us up for liquidation.....jsm

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Do you even watch the news?

Blue Knights are long gone. Only one show in town now, Miller, and hes walking away soon too.

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20 Apr 2012 12:10:15
don't know if any of my fellow gers fans heard keith jackson on talksport on wednesday. he said there would be further developments in the morning(thursday). low and behold thursday comes along and no news. i for one are getting sick and tired of guys like jackson, king and guidi who seem to think they know everything when in fact they know hee haw.

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These guys are not journalists,they are reporters.No digging,no fact checking no work in any story.they report what PR companies tell them.they are in fact a bit of a joke..........green jhedi

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Well said. Him and the rest treat us all like mushrooms. Full of their own self importance. Time they got a wake up

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I think if you listen to Alex Thomson on the radio Clyde phone in during the week there he kindly told them how it is Scottish media is a joke

Lenny

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20 Apr 2012 12:09:29
This is an absolute farce now NG is out the running these administrators are a total joke. That is now 2 bidders pulled out blaming the lack of urgency by Duff & Duffer to name a preferred bidder and I don't think it will be too long before this Bill Miller pulls out or reduces his offer now that no-one apart from maybe Kennedy is still at the table! I now think that we do need to get down to Edmiston Drive and tell these administrators what we think of there shambles of an attempt to save our club. Am sorry but I think that they should have been more ruthless in coming in and getting rid of all who wasn't needed at the club, permanently reducing the wage bill and began court proceedings to get Craig Whytes shares taken off him. They done none of this and I think that the inevitable now is liquidation, I tell you what my grandfather and father will be turning in there graves if they could see what SDM & Whyte have done to this club!!

AH72

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As a tim, a spot on post. Protest guys , no trouble just make a stand

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20 Apr 2012 12:00:56
Worried now - Ng drops out due to delays (unexplained and unwarrented)

Kennedy is out (because of paper work issues) pathetic.

Blue knights (god only knows)

Leaving only .........Bill "the Liquidator" Miller

The announcement was said to be coming on friday and it has.

coplandrear

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Is it not true that some of the old board are among the blue knights. dose frying pan & fire not come into your heads. but then again any one who can save our history will do......b

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20 Apr 2012 11:59:27
D&P need to go with TBK now and let them try and work at it. The longer the process goes on the more frustrated the fans are getting. Players will be free to move on soon and we will have no way of assembling any sort of squad for next season.

Give them the preferred bidders status and let them have a go, they cannot be any worse than CW.

The Pilot!

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20 Apr 2012 11:54:43
and then there was one..

cmon mr miller
liquadate and be done!
Rangers est.2012 can then get started

Believable3 Unbelievable3

20 Apr 2012 11:52:06
More than any of you wassacks have ever done. The Celtic Family saved the Club by doing everything most of you lot haven't. Instead of getting out there and demonstrating, pressuring the former Directors, Sir Minty, Saint Walter, Bain, Whyte and now Duff and Duffer you have sat back and let these Schysters walk all over you. The Peepils front of Govan, the Govan Peepils front, The Goven Front for Peepils (what have the Romans ever done for us) have just postured and fought with each other for the 5 mins of Fame. The Scottish Media, lazy and sycophantic as they are; lap all the nonsense the Suits put out to them and you lot swallow it all, hook line and sinker. Now the Bidders, "off the Radar, billionaires's" (where have we heard that before) are in the murky background doing everything they can to get your Club at a steal and in turn rob the good people of this country blind by not paying what they are owed...and let's not forget that other Media Darling who you all took as the genuine article; Mr CW. He is the owner of your Club, will remain the owner of your Club until he decides otherwise and the Brethern at SFA/SPL can't do a damn thing to topple him...jeeze they can't even get the owner of Scotlands establishment Club to a disciplinary hearing. What did Celtic Supporters do...well we did get out there and for that we are stronger, stable and moving forward. Sadly and I mean sadly, thousands of you guys are Walking Away and letting them do a slash and grab job on your Club.

Believable11 Unbelievable0

And it is sad. It is all talk and no action from Gers fans. Get out and do something. Surely your team means more to you than just moaning about so-called preferred bidders and 'what- if' scenarios

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20 Apr 2012 11:43:47
A Singapore businessman bidding to take over Scotland's crisis-hit Glasgow Rangers has expressed frustration over negotiations, a report said Friday, prompting speculation he had pulled out.

Bill Ng's consortium was considered in pole position to be named as the preferred bidder after a consortium fronted by former Rangers director Paul Murray stepped aside late Monday.

However, hardball tactics employed by investment firm Ticketus -- which helped finance current owner Craig Whyte's takeover last year -- have drawn out talks, according to Singapore's The New Paper.

"Yes, I am frustrated with Ticketus because it keeps increasing its demands from £10 million ($16.1 million) to £12 million, then £17.5 million, but I don't blame it," Ng was quoted as saying.

"I understand that as the main creditor, it wants as much as it can get.

"What I am most displeased and disappointed about is how the administrators -- Duff and Phelps -- can allow the goalposts to keep moving when they are supposed to be like the referee and be firm during discussions," he added.

"But they have been weak so far. Even if I agree to Ticketus' price, there is no guarantee we will land 85 percent of Craig Whyte's shares."

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Ticketus is not the main creditor and its unclear if they can become one. The recent court case simply came up with a judgement that Duff and Phelpps could re try and recind the ticket deal and that it was possible that Ticketus could be become creditors. If ticketus were to become creditors (which they cant become until next season, abit like Rapid Vienna need to wait untill they are due the next installment for jelavic before they are creditors) they could not negotiatate a separate deal

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20 Apr 2012 11:42:51
Fellow bears

Bill ng has pulled out of the race for
the gers. This is getting scarey now,
i can't help thinking duff and phelps
are scuppering any bids for the club
under Mr shyte's orders. have you
heard anything else ED ? {Ed001's Note - I don't see why the administrators would want to scupper any bids for the club. It would place any future business in doubt for them.}

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20 Apr 2012 11:34:27
bill ng withdraws his offer to buy rangers

source bbc breaking news

so now there is only one unless the blue knights come back in

Believable2 Unbelievable2

And he wants to liquidate the club as he has admitted.

Roll up the flag guys it's the end.

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20 Apr 2012 11:33:08
Ng has withdrawn his bid believing it is 'untenable', so who is left? Clearly there is no money to buy the club in its current state and it now seems liquidation is inevitable

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20 Apr 2012 11:30:17
Bill Ng has withdrawn his bid to buy Rangers.

The Singaporean businessman said he had "serious concerns" over the deliverability of shares on offer.

Ng stated that the bidding process has "become untenable," adding that he was making the announcement with "deep regret".

Source: BBC

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20 Apr 2012 11:27:56
A consortium led by Singaporean businessman Bill Ng has withdrawn its bid to take over crisis-hit Rangers.

The group is understood to have pulled out of the running citing the drawn-out bidding process overseen by administrators.

Duff and Phelps refused to comment on the BBC reports that the consortium was now no longer in the running to take over the Ibrox club.

Mr Ng had been quoted in the Singaporean press claiming that London ticketing agency Ticketus had changed the amount it was looking from from a deal from £10m to £17m.

In a statement published by the BBC on Friday, Mr Ng said the consortium had become "increasingly frustrated" with the process, as Duff and Phelps have still not named a preferred bidder for the club.

The BBC reported the group had pulled out of the running with "great regret". Mr Ng had claimed his consortium would pursue a company voluntary agreement (CVA) route out of administration.

The businessman is chairman of Singaporean side Hougang United FC. In media reports in his homeland, Mr Ng claimed to be a Rangers fan, having watched the club win the European Cup Winners’ Cup on TV in 1972.

However, in articles written at the time of his takeover of Hougang, Mr Ng admitted he had no interest in football and did not know the offside rule.

Source: STV

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20 Apr 2012 11:27:15
Ng pulls the plug on his offer, that only leaves Miller and if it's true his plans are liquidation is that it for us? :-(

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20 Apr 2012 11:09:34
bill ng has withdrawn his bid.source bbc sport. dd

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Craig Whyte is not willing to give up his shares whats this scumbag up to now. Bill ng says he has serious concerns about the shares being passes over.

Gers1986

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20 Apr 2012 10:06:47
Got Rangers to win tomorrow lads. Have a feeling that Lafferty is going to have a good end to the season!

Score Tomorrow-

Hearts 1-2 Rangers

Lafferty and McCulloch

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20 Apr 2012 09:59:14
Watched the official uefa video of euro92 on ESPN last night and it was filled with former rangers players in all different teams and all quality as well and brought back some good memories and it just made me think that you don't know what you've got until it's gone we were worried about losing jelavic a few months ago but he wasn't a patch on some of our former players that played at that championship just thought I'd share

Big T

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Rusty the tim here!!that's the closest you'll get to a decent player now!!just think when your shopping in the new tesco you can say to your wife,I remember when durrant use to run down il 5 or goram pulled off some saves at the tills!!lol hail hail rusty you can't beat telco points the tim

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Too right Big T
that team that played a few weeks ago against AC Milan would still hold up today

bill72

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20 Apr 2012 09:49:40
This Bill Ng and Bill Miller must be the thickest people I have ever heard off. Why in gods name would you want to Start again by liqidating? Really you are not starting again. You might get rid off all the debt but you will just pile more on because nobody is interested in a newco so where is your money coming from? No Supporters, No Money. Bill Miller is Pathetic and so is Bill Ng. The Administrators deserve to be shot as well as Craig Whyte. Brian Kennedy or the Blue Knights is the way forward. I have always favoured Brian Kennedy but would still Support the blue Knights if they were to gain control. I believe that all rangers fans, including the millionaires and billionaires, should dig deep into their pockets to help raise money and save this club together rather than sitting waiting on seeing some pleb like Ng or Miller take over

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20 Apr 2012 09:46:28
Listen, we all know Bill Miller & the
US bid have put down more money
than any of the others. He's even
spoke to Mccoist about his plans &
i believe he's for the CVA route
rather than liquidation. The trouble
is he's not willing to entertain
Ticketus or more importantly Craig
Whyte, & with D&P Whyte's puppets
I think they have no chance of being
given preferred bidder status.

Ng, looks like he's ready to pull out
with Ticketus holding them to ransom

& with Kennedy not coming up with
anywhere near the cash of the other
two & TBK very quiet, where does
this leave us. Another weekend of
of not knowing & no further forward.

I also like Fraser Wishart making it
public and making sure that the bidders
know that if they do go down the
liquidation route the players can
walk free from any newco.

Believable3 Unbelievable3

20 Apr 2012 08:16:44
Just a thought but has anyone else considered that Kennedy might have one eye on Ibrox for rugby?

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Rugby , concerts , boxing, its an arena and should be used to generate as much money as possible !

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@1; I agree,but it's not that easy to get the permits as ibrox has so much housing around it.........green jhedi

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20 Apr 2012 07:38:25
If these 3 bidders (BK, Kennady, Ng) all love the club as much as they say they do then why don't they all sit round a table and talk about all putting in what they can and come together to save us, let's say they take 25% each and leave the rest to the fans, I'm putting this in the simplest terms because I don't know much about the formalities of business but surley this would be the best idea?

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20 Apr 2012 06:59:42
Its time for action. There needs to be a mass protest. This is another deadline passed. Duff and phelps pocket gets deeper and deeper each day. However ours is getting less and less. We need to come together and fight for the life of the club. Or its liquadation no matter who takes over. Come on we have little time left we all need each other. To stand side by side. Or its all over. Let's back our players our manager and. The fighting fund even more. Call for an end to this forever saga. We need more time but we don't have the money to survive through the close season people need to realise this or your saying goodbye to the true form of rangers!!!
BGRFC

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20 Apr 2012 02:26:14
Well yet again two referees different stories on nl (champion)as much as u hate him u wonder why it's personal cfc should take this to uefa because that's twice the refs have stitched up nl

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Maybe both are telling the truth, one didnt see it and the other did? CheltBlue.

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Just to highlight...this is a Rangers rumour site, why would we care if Lennon has been stitched up? At the end of the day he decides what to tweet and who about and he also decides to run onto the pitch at full time like a wee bam pot and confront the ref rather than doing so away from the camera's. Refs are sick of Lennon and his disgraceful behaviour. Who can blame them??
J1985

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I poor Neil he's so hard done by, give me a break. To all the tic fans rejoicing about a 2 game ban, you better add another 4 -6 on to that once he's been done for the strong ref comment v St Johnstone, & his twitter comments & benny hill run onto the pitch after the Hearts game !

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J1985, so that means its ok to lie about him these are supposed to be the guardians of the game

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I do apologise - but i had a look at the CFC rumours site & it is wall to wall defending the little scamp, and obviously the lying scheming SFA have got it in for them (and always have had!)
What are WE going to do to shaft the SFA seems to be the not so underlying question?

is it just me?

bill72

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I think you might just be disappointed.Why do you think the SFA were so keen to fix this off the record? More damning evidence? .........green jhedi

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@2 what about Bougherras manhandling of a referee last season he must have looked like a big bam pot,technically assaulted an official and gets a small fine,disgraceful behaviour indeed.

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Never agreed with Bougherra's actions in that incident however he is long gone and has nothing to do with Rangers.
We are talking about incidents that have happened recently not well over a year ago so i fail to see the relevance of even discussing Bougherra's incident. The fact is your MANAGER, the talisman of your club, the face of your club cannot behave himself. He has embarrassed himself on countless occassions and will continue to do so, if you are happy to have him at the helm then more fool you. There's a famous saying in football "decisions tend to even themselves out"
Stokes dived at Ibrox in the last OF game of the season last year to gain a penalty. The league cup final he goes down and a penalty wasn't awarded......
Hooper scores against Hearts from an offside position, Hearts later awarded a controvercial penalty to seal the win......
Both examples of decisions evenin themselves out!! But Lennon is adamant that there is a conspiracy against him here.....didn't hear him complaining on either of the decisions that went for him in the examples i have given or during the 29 game unbeaten run......
J1985

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20 Apr 2012 01:22:32
The steel at Ibrox is worth£18m it will go to Motherwell for melting into new plates for ships. Hope they don't sink as well.
CW has steel connections in Motherwell.

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What a load of rubbish Ibrox is a listed building it can't be torn down no matter what happens. Do some people just make things up or do they reallu believe this kind of thing?

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Wrong only the facade at the front is listed. The rest could be torn down anytime.

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The front of the building is all that needs to remain...

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Only the front facia is listed

bill72

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Your quite right the steel at Ibrox is worth a minimum of 18 mill. It is more likely to got china than motherwell. Only the main stand facadee is listed

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@1; are you keith jackson? the front is only grade c listed.........green jhedi

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20 Apr 2012 01:22:22
I know we have a lot of issues just now but noticed a lot of posts stating there will be no revenue during the close season, which of course is true (apart from selling players). But is there any reason why we couldn't arrange friendlies each week at Ibrox? I'm sure the crowds would turn up regardless of the opposition. Not saying it's goning to save us, but it might in the end buy us enough time to see us through the close season

pappy

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Players need the rest and holidays

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1. Who would they play against
2. No rest means the players will be nackered and pick up injuries before the start of the season
3. Would you will Ibrox every week for meaningless games against nonentities during the summer?

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20 Apr 2012 01:06:59
has anyone heard anything about the BTC and when we will here the outcome ?

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20 Apr 2012 00:44:05
Heard Donald duck put a bid in

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A heard rangers are up on eBay with a undisclosed reserve


Lenny

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And you are quackers

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