Shane 0 Posted April 23, 2012 Share Posted April 23, 2012 (edited) How so? If Miller creates a newco, which he is planning to do, how does that newco have any comeback to the owner of an old, non existent, business? The other thing I don't understand is that D&P are charged with acting in the best interests of all creditors. If Bill Miller is putting up £11.25m, but that has to be split between Ticketus and HMRC, how can that possibly be better than TBK putting up even half that to HMRC with Ticketus out of the pot? Miller is not immediately liquidating the current plc, as some groups like to keep stating. And the £11.25m doesn't get split because he's telling Ticketus to kick bricks, they can go chase Whyte. He'll have plenty of time to chase down club moneys, and I'm sure his multinational corporation has a couple decent lawyers kicking about. Edit: "For the avoidance of doubt, neither bid involves liquidation." Edited April 23, 2012 by Shane 0 Quote Link to post Share on other sites More sharing options...
Shane 0 Posted April 23, 2012 Share Posted April 23, 2012 This is what keeps getting me: the frame in which people are viewing some of this stuff. D&P is not just the guys behind the microphones lining their pockets with our money. It's a huge firm that's been hopping for eight decades. Bill Miller is the chairman of a massive and profitable multinational, not just some schmuck with a little cash to kick around. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted April 23, 2012 Share Posted April 23, 2012 Miller is not immediately liquidating the current plc, as some groups like to keep stating. And the £11.25m doesn't get split because he's telling Ticketus to kick bricks, they can go chase Whyte. He'll have plenty of time to chase down club moneys, and I'm sure his multinational corporation has a couple decent lawyers kicking about. But he cannot guarantee that the creditors won't liquidate though can he? 0 Quote Link to post Share on other sites More sharing options...
Shane 0 Posted April 23, 2012 Share Posted April 23, 2012 But he cannot guarantee that the creditors won't liquidate though can he? He has cash securities behind his CVA. 0 Quote Link to post Share on other sites More sharing options...
Shane 0 Posted April 23, 2012 Share Posted April 23, 2012 But he cannot guarantee that the creditors won't liquidate though can he? And for that matter, neither can TBK. So to me it then becomes a case of protecting the club's assets, which the Miller bid does. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted April 23, 2012 Share Posted April 23, 2012 He has cash securities behind his CVA. That's irrelevant and you know it to be irrelevant, so let's make this one a simple yes or no, Bill Miller cannot guarantee that any creditor could not force Rangers plc into liquidation can he? 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted April 23, 2012 Share Posted April 23, 2012 And for that matter, neither can TBK. So to me it then becomes a case of protecting the club's assets, which the Miller bid does. I'm not claiming they can though am I? 0 Quote Link to post Share on other sites More sharing options...
Shane 0 Posted April 23, 2012 Share Posted April 23, 2012 That's irrelevant and you know it to be irrelevant, so let's make this one a simple yes or no, Bill Miller cannot guarantee that any creditor could not force Rangers plc into liquidation can he? Neither can TBK, so let's acknowledge that's the case for both. Now where are the club assets in either event? 0 Quote Link to post Share on other sites More sharing options...
Zappa 0 Posted April 23, 2012 Share Posted April 23, 2012 That's irrelevant and you know it to be irrelevant, so let's make this one a simple yes or no, Bill Miller cannot guarantee that any creditor could not force Rangers plc into liquidation can he? Nobody can guarantee that though forlan. 0 Quote Link to post Share on other sites More sharing options...
Shane 0 Posted April 23, 2012 Share Posted April 23, 2012 I'm not claiming they can though am I? Didn't say you were, mate. Just saying. 0 Quote Link to post Share on other sites More sharing options...
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