Blue Army Faction

The HMRC agency that decide on these proposals is called the Combined Voluntary Arrangement Service (VAS). Currently it votes in favour of 70% of all proposals. The HMRC are keen to support VIABLE businesses as they see it as a way of reducing lost tax.

Damn, I was about to have lunch, now I feel sick.

Yes, the titles are part of the history that comes with purchasing goodwill of existing company.

That's my understanding, which is why it is good that Green has a fall back plan of NewCo if HMRC won't play ball.

That was what I was thinking of as well

Looks good, thanks for the info.

According to Twitter one of them hit a female member of Ibrox staff with a can of lager. If this is how they behave when they win.......

Twitter is full of pictures of the great unwashed doing a huddle outside Ibrox. You would think they would be busy celebrating ?!

Blue Moon

Good listen that and he does come across as quite credible, although still a lot of questions.

D-Day

Bit of an understatement, he was advised it wasn't safe for him to turn up at the ground not long ago.

Listening to it now, thanks for link.

Top notch stuff Badger

Good news and nice to see business people with a plan, cash and a willingness to pay fee for exclusivity. Who will try for a CVA but rather than walk away if they don't get it, like TBK were going to do, will still purchase via a New Co. They have played a blinder.

:crabflute: :crabflute: :crabflute: :crabflute: WATP

There is a difference between working on a deal and being a bidder. So I see nothing sinister in them having spent three months preparing before actually putting down their cash. In fact I would be more worried if they hadn't spent time preparing to bid.

Sounds pretty good Just glad someone has apparently put down enough cash to allow us to consider having a future.

You are missing the point, that money spent on Rangers running costs, is of no interest to creditors. They want as a minimum as much as they could achieve by liquidation and selling off of all assets. They would consider the £3.5 Million as being due to them, not for ongoing expenses. It's like offering to buy someone's wallet for £5, and when he points out that he has £3.50 cash in the wallet already, you say that's fine I'll need that for my taxi home.

They do a lot of communicating for people who have walked away.

1.1.1 £5,000,000 (subject to paragraph 1.3 below); 3 ASSETS BEING ACQUIRED 3.9 Any monies owing to the Company including football monies, which we understand to be circa £3,500,000 They are paying £5 million and aquiring money owed to Rangers of £3.5 million. 5 - 3.5 = 1.5

If you read their offer it was made up of part cash, part debt write off and part based on European success. Creditors want cash now. The cash they were supplying up front is only £1.5 million, no way creditors would have taken that, they would have pushed for us to be liquidated instead.

The big problem is the time wasted while we await the CVA failing, and with this amount of cash on offer it would have failed. Two weeks longer in admin and two weeks nearer liquidation, and they had the cheek to call Miller a time waster.

Good to have fans groups meeting with D&P, but I hope they realise that legally all D&P can do is what is financially best for our creditors, regardless of what we think. They might scare off unwanted attention, but if they can't replace them with people willing to invest enough to satisfy creditors, then this can only end one way.