It seems that the US conglomerate trying to buy Rangers is linked to Andrew Ellis and has a potential association through Ellis to...Craig Whyte... tenuous granted but clearly you don't want any of those guys involved do you?
It is also seen that only the Blue Knights bid is intent on a CVA to get out of administration, the rest favour liquidation - but Paul Murray's bid is not enough.
Great getting the bids in bears, but hardly great news if this is the plan forward....
http://www.eveningtimes.co.uk/news/liquidation-option-looms-1.1156238?
Browse:
After the submissions come the reality...
comment by HelpMordorPolis (U4292)
posted on 30/3/12
Miles out de bear.
comment by deBear (U8633)
posted on 30/3/12
Nah HMP
The patter on here, etc is exactly the type of thing I heard when things were going well for us.
Difference is I won't have a an eighteen year chip on my shoulder...
posted on 30/3/12
If the administrators do decide to renege on the £24m deal Ticketus did with Whyte, the finance company becomes the club's largest unsecured creditor, albeit with the judgement on a potential HM Revenue Customs bill still to come.
"Ticketus have rights [to future season tickets] so if the administrators breach them, they become the largest unsecured creditor," said Murray.
"Obviously, to exit administration through a CVA [creditors voluntary arrangement], Rangers have to reach agreement with the major creditors.
"That was always the reason for talking to Ticketus. The club can't afford to stick to the original deal, so what we wanted to do was restructure that.
"But if we can't do that, we'll pursue other options.
"We're in discussions just now because we need to come to a decision on that soon."
+++++
comment by HelpMordorPolis (U4292)
posted on 30/3/12
Dos alludes to what Walter said in his description of Rangers.
If you are referring to us pulling away from you and rubbing it in then surely that's allowed?
comment by deBear (U8633)
posted on 30/3/12
If you are referring to us pulling away from you and rubbing it in then surely that's allowed?
---------------------
Hëll yes...
Another 2,3,4 in a row for you guys then we'll hear the same sort of triumphalism you guys got back in the day.
Swings n roundabouts....
comment by Albert Camus CSC--Barzini's dead...so is Philip Tattaglia...Moe Greene... Stracci...Cuneo. (U6478)
posted on 30/3/12
DeBear, some of your lads have rubbed our noses in it for over300 years. A newco should be used as an opportunity to shed some unwanted baggage. Same for us as well, what d'ya think? A new Old Firm?
comment by DC (U8199)
posted on 30/3/12
never gonna happen
comment by bubblebhoy (U3429)
posted on 30/3/12
never gonna happen.
.....................................
Naw, but Liquidation will !!
comment by deBear (U8633)
posted on 30/3/12
Same for us as well, what d'ya think? A new Old Firm?
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Well I'd be for it....
comment by WorkPermitPending (U1067)
posted on 31/3/12
I /still/ don't understand how Ticketus are actually owed anything? They paid £24m, and in return they will get however many years of season ticket revenue, be it £1 or £1bn. I don't see how they are owed anything at this point?
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