coolk

The article posted last night is not based on unsubstantiated rumour but from strong information obtained by the site.

 

Clearly we would not have published the story if we felt it couldn't be stood up.

 

its now up to the club to decide if they want to investigate further.

Are the club aware of the article and in particular the board?

Pretty much another puff piece from Leggo.

Is there not something else not being considered here? I thought Whyte was banned from any involvement in Scottish football anyway, so regardless of any deal, he CAN'T be the owner of Rangers, he simply isn't allowed to be?

I think he can be involved in a club but can't run it or maybe I'm mistaken.

Done and good luck to her.

Taken from FF but does this mean he is in the clear?

http://www.bdlive.co.za/opinion/columnists/2012/09/18/was-king-case-a-waste-of-money

An excellent article and just shows the lengths this cabal will go to to dirty our name.

Looking good,I think I'll subscribe to this for my dad. He used to look forward to the Rangers monthly mag until it got suspended post administration.

Question for all of us.....

 

I know that the discounts are healthy and certainly welcome.... But I wonder how many people would still be prepared to pay full price, with the difference between the two going into a segregated "return to the SPL" fund ?

 

I know it is easy for me to say but I know I would still pay full price if I knew that the club would benefit with a slush fund WHEN we return to the SPL.

I would certainly be up for that as long as the money was properly ring fenced and held securely.

Doesn't look like the SPL is losing out much at all

Which makes you wonder why this was released today ?........................

True, just a rehash of his blog.

The names were released earlier this week by alex thomson on twitter.

I thought it was confirmed the club was useing Metro bank?

It was and the poster on FF has corrected himself by saying he should have said Metro.

what a guy. he's giving ally cash to spend and softening us up for acceptance of the transfer embargo at the same time.

 

Intetesting 7 days coming up I expect.

That was the first thing that came to my mind, he can't have it both ways.

Mark Daly ‏@markdaly2

I'm hearing that Duff & Phelps are claiming that Roger Isaacs has changed his mind. No truth in this whatsoever.

The saga continues.

Not a surprise really.

 

Have D&P instructed their legal action yet?

I had forgot all about that, I wonder how it's going?

From Alistair Lamont:

Lord Hodge orders inquiry into Duff and Phelps appointment as Rangers administrators.

Lord Hodge : "I do not want the administration to come to an end without having received that report."

The report demanded by Lord Hodge is expected to be ready in three weeks and a further court hearing is likely to be arranged after that.

Andrew little was in the sun today saying Green had spoken to them and that the fans should now get behind him.

Wasn't that at the end of last season though?

It could be £6m plus cover of legal fees,etc.

Just seen that on FF, what a total hypocrite.

I would guess a 10% increase would be palatable for most fans, anymore and it might cause some issues.

On a sidenote, D&P are still pursuing Collier Bristow for 25m, while Ticketus apparently wants 27m from Whyte now. If this goes through, what would that mean for Rangers?

I think if it went down newco route the 25m would go to the creditors but if it's a CVA surely Rangers would be due the money?

This has been sent to David Whitehouse of Duff and Phelps by David Hinchcliffe a partner at Walker Morris. Brian Kennedy has asked me to share this with you and you are more than welcome to print it/read it out/broadcast it.

This email completely condemns the Administrators and we are asking WHY are they doing this?

Dave Swanton

Twitter @swannymediaman

David I note you have not yet replied as promised in your email below please respond as soon as you can.

Regarding your recent press announcement ..".you were advised there was not agreement within the consortium about the funding of the bid" ....please let me know who apparently advised you of this as this is wholly inaccurate and on no occasion has anyone contacted either myself or Brian to state this is a worry.

Further to state that amounts were included in the offer for playing in europe next season when it can't be achieved is completely inaccurate as the actual offer is for increasing the consideration in seasons 2 and 3 if they played in europe .

Further to state that the offer should be reduced by 3.5 m because these are debts due to the company is also misleading as 2.4 million of this sum is payable in the next few weeks as per Brians earlier email and will be used as cashflow for the trading losses of the club.

You completely fail to state our client had agreed to fund the huge trading losses post June 1st and picked up liabilities for 3.6 m of football creditors ... tupe liabilities ...debenture holders etc making a cash payable of 9.1m. plus trading losses prior to completion and European add ons together with other liabilities. You seem to be continually comparing the quantum of my clients bid against bids such as the Miller bid which are not real .

As you know I have vast experience of people making bids for insolvent football clubs ....I cannot see how any of these new parties can be making real bids when they have done no real due diligence ....proof of funds may have been provided but it does not make sense to me why investors would invest in Rangers without full due diligence by them and I would strongly recommend that full due diligence is carried out by you on these parties as there is no time to have another Miller situation .

Finally regarding your comment that Brian wanted to be the last man standing. In mine and Brians view he is as we don't believe the other bidders will complete

If you want to talk to find a way to save this great club Brian has said his phone will be on this evening otherwise I fear it will be too late David

David Hinchliffe

Partner

Craig Whyte was involved with Pritchard Stockbrokers but Nova Resources Ltd have Pritchard Englefield as solicitors so different companies I would guess.

Supposed to be live on SSN.

I think (that's think) two of the bidding consortiums are one and the same.

 

They are using one to allow the other to nip in without much attention.

 

Fascinating stuff!

That's why I was thinking BK was still involved (as I mentioned to you via twitter). Fascinating and annoying at the same time