chilledbear 16 Posted May 7, 2012 Share Posted May 7, 2012 From Twitter: Alasdair Lamont @BBCAlLamont Craig Whyte and Brian Kennedy have spoken about a transfer of CW shares in Rangers. Story here soon http://bbc.in/zJ5FgA 0 Quote Link to post Share on other sites More sharing options...
big tam 0 Posted May 7, 2012 Share Posted May 7, 2012 the mind boggle,s, cant follow this show anymore to many twists and turns 0 Quote Link to post Share on other sites More sharing options...
aweebluesoandso 290 Posted May 7, 2012 Share Posted May 7, 2012 Clever move, Whtye was only interested in one thing, money and who can give him it. I just wish our supporters reps had the foresight to approach Whyte, to ask him what would it take for him to sell his share to us and then never darken our doorstep again. 0 Quote Link to post Share on other sites More sharing options...
chilledbear 16 Posted May 7, 2012 Author Share Posted May 7, 2012 By Alasdair Lamont BBC Scotland Rangers' majority shareholder Craig Whyte has held discussions with one-time bidder Brian Kennedy over the transfer of shares. Following Bill Miller's installment as preferred bidder, Kennedy had stated the need for everyone concerned to back the American's plan. While that stance has not changed, Kennedy has been in talks with Whyte. Whyte has voiced his desire for the club to avoid liquidation and remains open to dealing with Kennedy. While Miller's proposal involves a CVA (Company Voluntary Arrangement) in parallel with the creation of a "newco" Rangers, without Whyte's agreement to transfer his 85% stake in the club, the "oldco" would ultimately be liquidated, barring a successful legal battle. Edinburgh businessman Kennedy, who allied himself with Paul Murray's Blue Knights consortium in recent weeks, will not try to usurp Miller's bid to take control of Rangers. Indeed, he believes time has probably run out for the Blue Knights' plan to exit administration through a CVA. Nonetheless, Kennedy is still exploring the possibility of procuring Whyte's shareholding. However, Miller will have been buoyed by the Scottish Premier League's decision on Monday to postpone a decision on new Financial Fair Play sanctions, as requested by Rangers' administrators. It means he can negotiate with the SPL over any sanctions that might apply to a newco Rangers entering the league, if he submits a proposal before 30 May when the clubs are scheduled to reconvene 0 Quote Link to post Share on other sites More sharing options...
caseyjones 0 Posted May 7, 2012 Share Posted May 7, 2012 Rangers' majority shareholder Craig Whyte has held discussions with one-time bidder Brian Kennedy over the transfer of shares. Following Bill Miller's installment*as preferred bidder, *Kennedy had stated the need for everyone concerned to back the American's plan. While that stance has not changed, Kennedy has been in talks with Whyte. Whyte has voiced his desire for the club to avoid liquidation and remains open to dealing with Kennedy. While Miller's proposal involves a CVA (Company Voluntary Arrangement) in parallel with the creation of a "newco" Rangers, without Whyte's agreement to transfer his 85% stake in the club, the "oldco" would ultimately be liquidated, barring a successful legal battle. Edinburgh businessman Kennedy, who allied himself with Paul Murray's Blue Knights consortium in recent weeks, will not try to usurp Miller's bid to take control of Rangers. Indeed, he believes time has probably run out for the Blue Knights' plan to exit administration through a CVA. Nonetheless, Kennedy is still exploring the possibility of procuring Whyte's shareholding. However, Miller will have been buoyed by the Scottish Premier League's decision on Monday to*postpone a decision on new Financial Fair Play sanctions, *as requested by Rangers' administrators. It means he can negotiate with the SPL over any sanctions that might apply to a newco Rangers entering the league, if he submits a proposal before 30 May when the clubs are scheduled to reconvene. 0 Quote Link to post Share on other sites More sharing options...
Gazza_8 233 Posted May 7, 2012 Share Posted May 7, 2012 I thought TBKs and Kennedy were off the scene now that a preferred bidder has been named? When the fuck will all this end?!?! 0 Quote Link to post Share on other sites More sharing options...
gisabeer 409 Posted May 7, 2012 Share Posted May 7, 2012 Clever move, Whtye was only interested in one thing, money and who can give him it. I just wish our supporters reps had the foresight to approach Whyte, to ask him what would it take for him to sell his share to us and then never darken our doorstep again. and if the did do you think they would have recieved an honest truthful answer? 0 Quote Link to post Share on other sites More sharing options...
alexscottislegend 2,107 Posted May 7, 2012 Share Posted May 7, 2012 I thought TBKs and Kennedy were off the scene now that a preferred bidder has been named? When the fuck will all this end?!?! PB status does NOT rule out another bidder coming in after the period of exclusivity is over, though it is unlikely BK/K could now push a takeover through. BUT - Whyte's shares need to be delivered for a CVA to work. Kennedy is obviously trying to buy them off him so he can present Miller with them to get the CVA. Kennedy is only showing IMO that he has RFC interests at heart. Hope that clarifies! 0 Quote Link to post Share on other sites More sharing options...
CumbernauldGers 0 Posted May 7, 2012 Share Posted May 7, 2012 Clever move, Whtye was only interested in one thing, money and who can give him it. I just wish our supporters reps had the foresight to approach Whyte, to ask him what would it take for him to sell his share to us and then never darken our doorstep again. Agree mate, i have said this several times. That said i would be shocked if this meeting happened and if it did if anything comes of it tbh. 0 Quote Link to post Share on other sites More sharing options...
capstans 0 Posted May 7, 2012 Share Posted May 7, 2012 Why is Kennedy interfering in something that should be left to Miller to sort out, free publicity ? he should stick to hivs. 0 Quote Link to post Share on other sites More sharing options...
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