Sobatai

No. Don't be silly, In simple terms it's "what have you done?". They don't do personal or collective responsibility in the SPL. It's not their fault. It's the fault of the SFL.

Didn't the Scottish bard come out with something that the likes of Doncaster and Regan should be reflecting on? Something about the best laid schemes o' mice an' men. The scheme has unraveled. And now you all look, being generous, insanely stupid.

Such breathtaking ignorance. You wanted sporting integrity for the SPL, but you want the SFL to ignore it to save your club from the consequences of sporting integrity. Shameful, utterly shameful.

I don't think he can be right in saying that it was "illegally put into administration" ... it was a court that put Rangers into administration.

I don't think there is much doubt that Rangers FC plc was defrauded ... the good thing is that it will all come out during the liquidation process.

Even without a source it's not an unreasonable assumption. All the talk has been of SPL II being dead in the water, which leaves the only alternative, since Doncaster and Regan are both of the view that Rangers outside the top two divisions means armageddon, is the SPL clubs reviewing and changing their decision.

Regan at the head of the queue?

What would that achieve, other than putting decisions off for a year?

I won't vote as I'm not technically "one of you" (Newcastle supporter), but I think you're right ... this is far from over. I expect the SPL to now be told to reconsider its vote.

A CVA ends administration and brings Whyte's shareholding in to play ... potentially any deal for Whyte's shares might involved a quid pro quo of not looking to closely into his involvement in Rangers and end the litigation. Subsequent to the CVA being voted down his key lieutenant Gary Withey appears to have changed sides and now Collyer Bristow and others are pursuing Whyte.

Now that did make me chortle.

To be honest, I think HMRC blocking the CVA may ultimately prove to be a good thing in the end. Of course, I am not technically "one of you" (not a Taig either, just a humble Newcastle supporter interested in the extraordinary goings-on), so an emotional attachment to the OldCo is not there. But liquidation of the OldCo ought to bring a full investigation by BDO of what went wrong at Rangers and provide closure. An end to the rumour and speculation, just a simple this is what happened.

A CVA would have allowed OldCo Rangers to emerge from the insolvency event, but it would not mean that OldCo Rangers was never insolvent.

Somewhat surprisingly, no mention of what someone was drinking. It usually starts off one of his "blogs". For example, "... was chatting with so-and-so over a rather splendid cappuccino ..." or "... just got off the phone with an ebullient Craig Whyte who was enjoying a rather fine glass of red by the harbour in Monaco ...". Come on, Alex, spill the beans ... what were they drinking?

I'm not convinced about that. I guess it depends if you buy into the whole conspiracy theory involving Duff and Phelps, who stated quite clearly in their response to the BBC's "conflict of interests" revelations that on appointment as administrators it was clear that the club was in a major insolvency event.

But what has he been sniffing? Glue? He's Saddam's lawyer ... was buddies with Arkan as well, but doesn't get on with Delia Smith.

Many of whom end up dead, one way or another. Saddam and Arkan, for example. I bet Delia's pleased that she's an enemy.

I don't think liquidating the OldCo will be a speedy process and nor do I think any of this will impact on the criminal investigations.

He would be taking on liabilities of up to £135 million. The tabloids and other media outlets use the term "up to" so that they can use the £135 million figure knowing that some will miss its significance.

Any monies raised would go to the creditors. And as the date in October has been vacated and a new date for sometime in 2013 looks likely, it won't be resolved in time for this Christmas. The club, however, is now in the hands of Sevco and the winding up of the old company should have little impact, other than, one hopes, to clarify to supporters exactly what went on during Whyte's takeover of the club and subsequent tenure as owner ... SDM, I would imagine, will be in the clear. But that's just my opinion.

The trouble is that he's in a hole and can think of nothing better to do than carry on digging.

The crux of the case appears to be that Whyte's "fraudulent" takeover of the club derailed a proposed £26 million injection of cash via a share issue underwritten by Mini-Murray and his backers. Thus, Collyer Bristow and Rangers FC Group stand accused of having deprived the company of £26 million. That's my understanding of the case, anyway.

His thinking seems to be very confused. He seems to believe that he can purchase the OldCo and exit Administration sans a CVA and then subsequently pay off the creditors out of the huge profits made from playing in the English league system. I doubt that anyone is taking him very seriously.

That seems to be the gist of it.

The original plan was to rename Sevco as "The Rangers", but seemingly no one noticed that the "The" was part of the OldCo name ... I could be mistaken but I think Sevco is struggling to come up with an alternative company name.