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Posts
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Everything posted by Bluedell
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I genuinely don't believe that anyone who is impartial and has a detailed understanding of the situation could have come to the conclusion that these punishments were appropriate. The demand for anonymity and the Regan connection also backs up that. Regan has shown with other appointments such as Lunny that he will people that have a bias. The only conclusion that any rational person can reach is that these three are in no way impartial.
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Why would he sure, I wonder? Does he have a court injunction that prevents him being named? Very doubtful. Is it because he wasn't one of the SFA 3, in which case it's easy enough to deny and move on. I've got no idea why it would not be lawful to name Eric Drysdale, Gary Allan QC and Alastair Murning but if they have a problem then it would be easy enough for the solicitor to contact me to advise why they should not be named.
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Well done Vanguard Bears , hope this is the start of a unified support
Bluedell replied to rbr's topic in Rangers Chat
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No. It's obviously victimisation but when you break it down the crime does not fit the punishment. The punishment is longer than the period that we were not paying some of our bills.
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I guess we have briought the game into disrepute by not paying creditors. Not sure what else we have done. does anyone have any ideas? All clubs that go into administration do so because they can't pay their creditors but no other club has been charged.
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Yes, other than the cash it receives from the bidders which it would then use to pay off the creditors.
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They'd need to increase the authorised share capital of the company which would need an SGM, I believe. Possible but time consuming.
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Don't know. I've never heard of it before but it may be possible, but it doesn't take away from the fact that Whyte still owns his shares.
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Yes But what happens after the CVA? The football club is another company so what's the difference. Is Miller just going to leave the company lying doing nothing?
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Do they have the power to get Whyte's shares? They can obviously sell the assets but that's what we don't want.
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Posted by Mr Super Bad on FF, which is possibly in line with what FS was implying earlier Edit - I see it's already been posted.
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You may not be interested in what he has to say but plenty of others do. No need to be rude.
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So what happens to the PLC in Miller's bid once everything has been transferred out?
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Feckin' Ticketus.
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It's been suggested that Ticketus can deliver Whyte to TBK due to Whyte giving personal guarantees and that is why they have been included in the TBK connsortium. Is this correct? If that is correct, and Ticketus are reportedly only getting back £10m from the club post takeover then it has to be assumed that Ticketus have assessed the personal guarantees of Whyte and they are better off getting £10m from Rangers over a period of years than chasing Whyte to make good on his guarantees. If his guarantees are so worthless then what hold do Ticketus have over Whyte? If Ticketus have the guarantees from Rangers Group then presumably their only asset is Rangers shares which are currently worthless, although if Whyte sells them to the new bidder then any cash would go straight to Ticketus and Whyte has no incentive to sell them. if Ticketus have the guarantees from another whyte company then there's nothing to stop Whyte insisting on cash for gthe shares and pocketing it. All very confusing and perhaps I'm missing something, but I can't instantly see how Ticketus can deliver Whyte's share to TBKs.
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No preferred bidder - latest D&P statement included (Page 3)
Bluedell replied to Jim1955's topic in Rangers Chat
How does Whyte line his pockets? -
The CVA is an agreement between the club and the creditors. The club will get the cash from one of the bidders and then reach agreement with the creditors to repay a proportion of the cash, either immediately or over a period of time. Presumably in our case it will be immediately. The bidders in return for the cash will either get the shares of the club or the assets of the club depending on what sort of agreement is reached and with who. My guess will be that we would emerge from administration still owing Ticketus (based on TBK proposal) and perhaps some of the football debt, although this MAY be dealt with by the payment from the bidder, but the rest of the debt would have disappeared. If BTC goes against us the HMRC are owed more and would therefore get a bigger proportion of the cash received from the bidder.
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No preferred bidder - latest D&P statement included (Page 3)
Bluedell replied to Jim1955's topic in Rangers Chat
I know TB and have no doubt that he accurately passed on the information that he was given and that it came from within TBK camp. -
Why won't they require repaying?
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The pros and cons of TBKs can be looked at later. Let's just be thankful tonight that the whole process is at last moving forward in an apparently positive manner.
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I wasn't referring to the newco scenario. I was talking about your other point. As for your newco point, what will have changed other than the company number? The name of the company will be the same, the name of the club will be the same, we will still play at Ibrox and we will still wear blue. It's sad that you can't face these straightforward truths!
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He definitely has come on and perhaps upfront is his best position. He previously played it RB and RM and didn't impress.
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I never thought Little looked like a player until the last few months. I think he was out injured for a while as well and we needed cover.
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The RST seem to ripping the piss out of anyone and everyone who isn't giving unquestioning loyalty to the Blue Knights. Dismissing questions as juvenile, slagging off Rangers fans websites, slagging off other bids with standard grade (at best) analysis. They seemed to be open to all bids but that's suddenly changed and now it's only the one bid, and they thought Ticketus were our saviours and now they're not so sure but why acknowledge the changing of views when they can attack their fellow supporters. It's all fairly pathetic and they are demonstrating an inability to lead and if anything are puitting many people of the Blue Knights rather than converting them to them. They should be trying to unite the support rather than their agressive attitude that does nothing but alienate their fellow fans who want nothing but what's best for the club.