Frankie 8,150 Posted June 14, 2012 Share Posted June 14, 2012 I posted on this forum about TBK's being history, I'm now holding my hands up and saying I could be, and most likely are wrong about that, and admittedly jumped the gun, if Green can survive today's bombshell news (if fact) then that'll surprise me. Then again nothing should surprise me. I've said throughout all of the previous bidders (outwith Miller) remain interested in buying the club. The problem, for now, is the binding agreement between D&P and Green. Because of this, Walter's alleged pleas aside, D&P have refused to open up the newco bidding. I'd fancy McCoist resigning is attempt to force D&P into doing this - perhaps also via the fans forcing BDO/HMRC into a more active role in moving the assets on for a higher price than £5.5million. I'm not convinced such a tactic will work late in the day so I believe it's more likely Green will sell after the fact - probably for around £8-10million. He and his investors double their money and the club is back in (hopefully) more suitable hands. 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted June 14, 2012 Share Posted June 14, 2012 No official word yet. The news im listening to are reporting he's resigned. News channel gets it wrong shocker. 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted June 14, 2012 Share Posted June 14, 2012 I posted on this forum about TBK's being history, I'm now holding my hands up and saying I could be, and most likely are wrong about that, and admittedly jumped the gun, if Green can survive today's bombshell news (if fact) then that'll surprise me. Then again nothing should surprise me. Don't think it will be TBK more likely somebody else. 0 Quote Link to post Share on other sites More sharing options...
GovanAllan 0 Posted June 14, 2012 Share Posted June 14, 2012 I've said throughout all of the previous bidders (outwith Miller) remain interested in buying the club. The problem, for now, is the binding agreement between D&P and Green. Because of this, Walter's alleged pleas aside, D&P have refused to open up the newco bidding. I'd fancy McCoist resigning is attempt to force D&P into doing this - perhaps also via the fans forcing BDO/HMRC into a more active role in moving the assets on for a higher price than £5.5million. I'm not convinced such a tactic will work late in the day so I believe it's more likely Green will sell after the fact - probably for around £8-10million. He and his investors double their money and the club is back in (hopefully) more suitable hands. Can you put me right on this Frankie, I took it after the CVA is rejected at the meeting today D&P are finished job done and they automatically hand over to BDO. I take it they don't? 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,150 Posted June 14, 2012 Share Posted June 14, 2012 Can you put me right on this Frankie, I took it after the CVA is rejected at the meeting today D&P are finished job done and they automatically hand over to BDO. I take it they don't? They way I understand it (and I may be wrong) is that D&P complete the sale of the key assets to Green then the oldco is liquidated by BDO. I'm reliably informed HMRC/BDO do not want to stand in the way of the newco to Green which is why I think option 1 above may not work - unless Green doesn't have the cash. Key current questions: 1) Does CG have the money to complete? 2) Will D&P accept other newco bids? 3) If not, will HMRC/BDO force them to? 0 Quote Link to post Share on other sites More sharing options...
North Rd 0 Posted June 14, 2012 Share Posted June 14, 2012 Clyde reporting Souness in background 0 Quote Link to post Share on other sites More sharing options...
johnnyk 158 Posted June 14, 2012 Share Posted June 14, 2012 Is there nothing happening from the supporters groups Frankie? Surely we need them all to come as one and do something now or have we left it too late? 0 Quote Link to post Share on other sites More sharing options...
johnnyk 158 Posted June 14, 2012 Share Posted June 14, 2012 Sky Sports Mobile @SkySportsMobile Sky sources - Ally McCoist will not resign as Rangers boss. 0 Quote Link to post Share on other sites More sharing options...
Frankie 8,150 Posted June 14, 2012 Share Posted June 14, 2012 Is there nothing happening from the supporters groups Frankie? Surely we need them all to come as one and do something now or have we left it too late? I'd imagine the fan groups (or the Trust at least) will still be involved in one of the bids. 0 Quote Link to post Share on other sites More sharing options...
ascender 352 Posted June 14, 2012 Share Posted June 14, 2012 If Green gets the club, it then becomes an affordable purchase I'm guessing for guys like the blue knights who get a debt free club rather than sinking money in to fund a cva. Regardless of which division we have to play in, they can then run it within its own means and hopefully set it up for the future. To be honest it all makes me wonder how serious any of the original bidders were when you consider liquidation gives a debt free Rangers. 0 Quote Link to post Share on other sites More sharing options...
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