Stefanovitch

Neil Doncaster says a newco will be judged under existing rules. Are there any existing rules?

I'll be surprised if it isn't ?

@rangersfctrust: D&P say preferred bidder will be named within 24 hours. Groundhog day... Who will it be? Miller looking favourite or a late charge by The Blue Knights?

Here is The Sun's story:

New statement http://www.tv.rangers.co.uk/articles/20120427/two-bids-pondered_2254024_2752022 If one bid returns more for creditors then which is it and why the further delay?

On the condition a CVA is agreed with creditors and Mr Whytes shares are acquired.

The fact this is coming from Kennedy and not D&P may mean its not about preferred bidder.

Are TBK and possibly Kennedy trying to secure a CVA before D&P accept their bid?

That's all we can do. Maybe tomorrow will bring some news.

Will D&P make a statement regarding the contents of these documents or will they be put on ice until the October court case v Collyer Bristow?

If the SFA can exclude them then I guess Rangers could withdraw. Man Utd withdrew from FA cup one year but that's obviously a different body.

The tv deal with Sky would be scrapped or at least vastly reduced. A conservative estimate of say 30,000 bears would cancel their sky subscriptions. Would the SPL then allow the mhanks to negotiate their own tv deal in exchange for a percentage.

Is it true that the possible penalties for breaching rule 66 do not include a suspension on player registrations? I read somewhere they could impose a ban from Scottish Cup competitions. Is it also true that if we appealed to UEFA then all Scottish Clubs and indeed the national side could be excluded from UEFA competition?

We've only done that once that I can remember and the quality of those freebies is generally not the greatest.

Unless they reduce the ban, on appeal, to 6 months it still prevents us from signing players for two transfer windows - effectively 12 months anyway.

We could but would still be banned from signing players under a newco - I think.

No loans allowed as players still have to be registered. Club can re-register players already at the club and can also still sign players under the age of 18. There was a suggestion that internal loans i.e. within Scotland could be allowed but the SFA were unlikely to sanction those either.

He can still own a club unfortunately - just not allowed to be involved in running it or hold office.

Does £10m get you a debt free club and all it's assets or would a CVA be repaid over a number of years?

Does anyone know the answer regarding a CVA?

Has to be: 1) Whyte 2) TicketUs or 3) The Big Tax Case

That was my thinking too!

I'm a stand up guy!

So we could emerge from administration owing £10m (or threreabouts) to Ticketus, repayable over 9 years at 0% interest (if the last deal stands), £800k to Hearts and £1m to Rapid Vienna, £200k to Palermo, Orebro £150k + £350k to Arsenal & Chelsea. That doesn't seem such a terrible situation IF a CVA is agreed.

Radio Scotland suggest agreement between Ticketus and The Blue Knights is touch and go!