Bluedell 5,348 Posted April 23, 2012 Share Posted April 23, 2012 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. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,172 Posted April 23, 2012 Share Posted April 23, 2012 Both Ticketus and D&P have said they would deliver Whyte. They can't - certainly not 100% anyway. 0 Quote Link to post Share on other sites More sharing options...
rbr 1,247 Posted April 23, 2012 Share Posted April 23, 2012 If Ticketus can get Whyte's shares , then surely it would be in their best interests to buy the club themselves , why only get back £10 million when ultimately they could get the whole deal for £11 or £12 million 0 Quote Link to post Share on other sites More sharing options...
capstans 0 Posted April 23, 2012 Share Posted April 23, 2012 Why are is anyone dealing with these scumbags, the admin should remove them from the list and let the court decide. 0 Quote Link to post Share on other sites More sharing options...
Shane 0 Posted April 23, 2012 Share Posted April 23, 2012 Why are is anyone dealing with these scumbags, the admin should remove them from the list and let the court decide. How would Mini get his moneys then? 0 Quote Link to post Share on other sites More sharing options...
capstans 0 Posted April 23, 2012 Share Posted April 23, 2012 How about using their own, or do they only want the club if someone else is payimg. 0 Quote Link to post Share on other sites More sharing options...
Tannochsidebear 2,316 Posted April 23, 2012 Share Posted April 23, 2012 Bluedell, the stoary as I understand it is that Ticketus have offered Whyte the deal to give up his shares in return for them not chasing him up for his PG, involving lengthy court cases and considerable expense to Whyte with nothing really to gain out of it, but everything to lose. Ticketus have no hold over Rangers shares, their deal was with Whyte. By far the quickest and cheapest way for the administration period to close is for Whyte's shares to be delivered amicably, without the need for court action. Ticketus have apparantly agreed this deal with Whyte, and therefore that makes their position strong in one way, not knackered financially as Whyte doesnt have the assets to cover his PG. The deal between Ticketus and TBK got Ticketus some money back, and some credibility back with their investors. 0 Quote Link to post Share on other sites More sharing options...
forlanssister 3,050 Posted April 23, 2012 Share Posted April 23, 2012 Nobody it seems can deliver Whytes' shareholding not Ticketus not Duff & Phelps, why would anybody pay over any monies whatsoever in a scenario that benefits only Craig Whyte? 0 Quote Link to post Share on other sites More sharing options...
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