WeeHectorPar Posted May 13, 2012 Share Posted May 13, 2012 in all fairness to Leggo, he does well to type that shite considering both his arms are in a straight jacket ! Just imagine if he is using voice control! I keep imagining him as "Wild Bill" in "The Green Mile". :lol: 0 Quote Link to comment Share on other sites More sharing options...
Cobardon Posted May 13, 2012 Share Posted May 13, 2012 Thought they tried to get a judge to make the Colyer Bristow a priority, he said GTF it'll be heard in October as scheduled. Surely that £8.5m will be greatly reduced once D&P get their cut? So for now they'll be offering all others creditors, what, about £5m or so? The fans aren't getting any brighter: (From the BBC SPL scores update site) Andrew in Edinburgh has spotted Charles Green and Sandy Jardine deep in conversation at McDiarmid Park: "Green asking 'So how much will it cost to keep this lad Aluko here next season?'" Yeah, the current squad is going to be kept, isn't it? 0 Quote Link to comment Share on other sites More sharing options...
)typically Posted May 13, 2012 Share Posted May 13, 2012 Some edited highlights of the Charles Green press conference: CVA proposal will go out on 21 May Creditors Meeting 6th June After that the creditors have a 30 day cooling off period Backup strategy in the "unlikely event" that the CVA is not agreed is to go down a Newco route similar to Bill Miller's administrators are confident that this is the best deal for Creditors the alternative according to Green is they get nothing Green has no previous relationship with Craig Whyte He has however met him three times recently to get his legally binding agreement to transfer shares for £1 £8.5m of new money will go to the CVA along with the clubs debtors of £3.5m (primarily the Jelavic money) 20 individuals and families in the consortium They have all pledged money that has been ringfenced for Rangers They come from the UK, Middle East, Asia and the Far East Nobody will own more than 15% of the club Green will not name names today as there are still hurdles to clear before it can be finalised Green would be Chief Exec until the club was stabilised and then a PLC board will run the club There will also be a footballing board He wants to Develop the brand of RFC in Asia Green has been involved in more than 10 Stock Market listings He was approached by a family from Singapore to front a bid to buy Rangers, initially he said no. Green has been in contact with the administrators for 4 or 5 weeks, was not in a position to make a bid at the last deadline Intentionally kept his bid out of the press This is not preferred bidder status, this a legally binding contract. Problems at Sheffield United were caused by previous regimes, he sorted the mess out although he did admit to selling three strikers Two directors of Sheffield Utd prior to his involvement , later ended up in jail. 0 Quote Link to comment Share on other sites More sharing options...
P45 Posted May 13, 2012 Share Posted May 13, 2012 Surely that £8.5m will be greatly reduced once D&P get their cut? So for now they'll be offering all others creditors, what, about £5m or so? The fans aren't getting any brighter: (From the BBC SPL scores update site) Yeah, the current squad is going to be kept, isn't it? He misheard. Green's actually said "So how much will I get for this lad Aluko on Tuesday?" 0 Quote Link to comment Share on other sites More sharing options...
Drooper Posted May 13, 2012 Share Posted May 13, 2012 (edited) Some edited highlights of the Charles Green press conference: CVA proposal will go out on 21 May Creditors Meeting 6th June After that the creditors have a 30 day cooling off period Backup strategy in the "unlikely event" that the CVA is not agreed is to go down a Newco route similar to Bill Miller's administrators are confident that this is the best deal for Creditors the alternative according to Green is they get nothing Green has no previous relationship with Craig Whyte He has however met him three times recently to get his legally binding agreement to transfer shares for £1 £8.5m of new money will go to the CVA along with the clubs debtors of £3.5m (primarily the Jelavic money) 20 individuals and families in the consortium They have all pledged money that has been ringfenced for Rangers They come from the UK, Middle East, Asia and the Far East Nobody will own more than 15% of the club Green will not name names today as there are still hurdles to clear before it can be finalised Green would be Chief Exec until the club was stabilised and then a PLC board will run the club There will also be a footballing board He wants to Develop the brand of RFC in Asia Green has been involved in more than 10 Stock Market listings He was approached by a family from Singapore to front a bid to buy Rangers, initially he said no. Green has been in contact with the administrators for 4 or 5 weeks, was not in a position to make a bid at the last deadline Intentionally kept his bid out of the press This is not preferred bidder status, this a legally binding contract. Problems at Sheffield United were caused by previous regimes, he sorted the mess out although he did admit to selling three strikers Two directors of Sheffield Utd prior to his involvement , later ended up in jail. So, in summary: Once upon a time.... ....and then they died. The End Edited May 13, 2012 by Drooper -1 Quote Link to comment Share on other sites More sharing options...
7-2 Posted May 13, 2012 Share Posted May 13, 2012 Did someone mention 'the family'? It's this family...FACT 0 Quote Link to comment Share on other sites More sharing options...
BigBadSaint Posted May 13, 2012 Share Posted May 13, 2012 3 for Aluko today....that's 8 since the turn of March.....considering he only managed 4 though Dec-Feb period that's an impressive 200% improvement in goalscoring. 0 Quote Link to comment Share on other sites More sharing options...
Henry Sludden Posted May 13, 2012 Share Posted May 13, 2012 David Murray was not the messiah - he was a very naughty boy. Craig Whyte was not the messiah he was a very, very naughty boy. Bill Miller was not the messiah he was a very naughty boy. Chuckie Green - could he be the messiah the bears crave? Lots of naughty boys but no messiah. (ps for the rangers fans reading this "messiah" is not where Valencia play) 0 Quote Link to comment Share on other sites More sharing options...
Drooper Posted May 13, 2012 Share Posted May 13, 2012 What's this 'legally binding' shite? What is legally binding, exactly? 0 Quote Link to comment Share on other sites More sharing options...
sydney Posted May 13, 2012 Share Posted May 13, 2012 will green pass the fit n prooer test with his umpteen disolved companies in his closet? wheres the clamber from rangers fans for a check? http://company-director-check.co.uk/director/907595268 A look at his most recent directorship is interesting. He was a director of formation Group plc which also David, Michael and Patrick Kennedy as directors. Wonder if they are related to Brian Kennedy And, this is brilliant, Michael Kennedy was a director of a company called Formation Employee Benefit Trust Limited. You just couldn't make it up. 0 Quote Link to comment Share on other sites More sharing options...
)typically Posted May 13, 2012 Share Posted May 13, 2012 (edited) What's this 'legally binding' shite? What is legally binding, exactly? "There is no reverse gear" according to Green, they have signed a contract they are not just preferred bidder. Edited May 13, 2012 by Cammy35 0 Quote Link to comment Share on other sites More sharing options...
Spain Posted May 13, 2012 Share Posted May 13, 2012 £5m for the CVA? And that can't be agreed until almost July, so £1m of that will be wasted just keeping the doors open once the contracts revert back, leaving then only £4m? At least we have a worst case long term timetable for their death now. 0 Quote Link to comment Share on other sites More sharing options...
BigBadSaint Posted May 13, 2012 Share Posted May 13, 2012 (edited) Administrators are confident that this is the best deal for Creditors the alternative according to Green is they get nothingREALLY ? Nobody will own more than 15% of the club= even if you believe the £8.5million new money figure none of us is willing to stump up any more than £1 million for what they believe is a Global Brand Edited May 13, 2012 by BigBadSaint 0 Quote Link to comment Share on other sites More sharing options...
EdinburghPar1975 Posted May 13, 2012 Share Posted May 13, 2012 Like to see how the sfa will cope with the 20 families involved in the bid, are they all due to undergo the fit and proper test? 0 Quote Link to comment Share on other sites More sharing options...
wunfellaff Posted May 13, 2012 Share Posted May 13, 2012 What's this 'legally binding' shite? What is legally binding, exactly? Its from where Lego blogs from.... 0 Quote Link to comment Share on other sites More sharing options...
Drooper Posted May 13, 2012 Share Posted May 13, 2012 "There is no reverse gear" according to Green, they have signed a contract they are not just preferred bidder. Aye, but what is the contract? I might be mssing something very obvious. 0 Quote Link to comment Share on other sites More sharing options...
)typically Posted May 13, 2012 Share Posted May 13, 2012 (edited) Administrators are confident that this is the best deal for Creditors the alternative according to Green is they get nothingREALLY ? Nobody will own more than 15% of the club= even if you believe the £8.5million new money figure none of us is willing to stump up any more than £1 million for what they believe is a Global Brand That's what Green said. Administrators reckon it is "ulnlikely" a CVA will not be agreed. I sincerely hope this is not a bluff. I'm guessing a fire sale of the assets would only generate enough to pay D&P, maybe this prolonged administration has been a masterstroke. Edit: Of course there is the small matter of CW's secured creditor status as well. Edited May 13, 2012 by Cammy35 0 Quote Link to comment Share on other sites More sharing options...
mrpaddyx Posted May 13, 2012 Share Posted May 13, 2012 Like to see how the sfa will cope with the 20 families involved in the bid, are they all due to undergo the fit and proper test? The SFA seem to have a "Close the stable door after the horse has bolted" attitude to Fit and Proper people. 0 Quote Link to comment Share on other sites More sharing options...
WeeHectorPar Posted May 13, 2012 Share Posted May 13, 2012 http://www.youtube.com/watch?v=F08gHvlgQoc What the bears will be singing next season. 0 Quote Link to comment Share on other sites More sharing options...
Jussy Posted May 13, 2012 Share Posted May 13, 2012 I'm reading on FF that the St Johnstone DJ played The Liquidator at half time and With or Without You at full time. The latter seems an odd choice, but good work on The Liquidator 0 Quote Link to comment Share on other sites More sharing options...
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