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And so the Brinksmanship comes to a climax.


OlegKuznetsov
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Bill Miller, currently the sole standing bidder, boldly calls the SPL's bluff regarding penalties-penalties which do not yet exist. He states that his plan is not liquidation, but CVA, with the club not being a newco, but rather a temporary company, a temp-so if you will. This combination may prove a wise strategy.

Any penalties could outlive the lifespan of the temp-co, once the Club and the business are re-united, thus rendering them both absurd and highly unfair.

The Blue Knights must now show their hand. If not, Brian Kennedy's noble claims will have to be substantiated in action. If they aren't then he will look very bad, to say the least. He may become part of an unwelcome triumvirate along with Whyte and David Murray.

Ticketus, along with HMRC have also been pressured by this stance, particularly the former with their money now at serious risk. Will they wise up and play ball, or lose more cash than they would have via TBK or A N Other? Will they really risk losing more via the newco route?

HMRC are in a similar boat with their outstanding and potential monies. They could be jeopardising the taxpayers money.

Has he played a strong and wise hand that will lead to a successful resolution?

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There's a bridge built that's not being crossed by the TBK lot in terms of the drawn out CVA. To think Miller's lawyers don't have their deck in order is absurd.

Unfortunately, we cannot wave a magic wand and make these issues go away. Even beyond our role, the strategy of each bidder in addressing these matters is of vital importance.
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Surely Miller's bid won't be accepted by Duff & Phelps unless the SFA & SPL cave in and make a guarantee to not hit us with points and financial deductions?

Considering the chances of the SPL and SFA doing that are slim surely his bid is doomed to failure (tu)

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I have a question regarding Miller's plans. Why would he move the assets to a new company, pay a CVA then move them back instead of just paying the CVA? What's the benefits of his way?

Somebody's getting warm. 00000042.gif

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Bill Miller looks to have a decent solid plan, but i think he is underestimating how much the :wanker: at the SFA/SPL hate us . No chance will he have a written agreement from them come Monday :disappointment: .. I hope im wrong

There will be frantic phone calls between now and Monday amongst various SPL chairmen and SPL sponsors who can see that Miller's plan is (ahem) 'the only show in town'. :rolleyes:

Not even Nonce FC want Rangers Football Club to go the 'L' route - that would be disastrous for all of them, more so the bottom feeders like Dundee Arabs, The Sheep, St Mirren and one or two others. They are all sitting at the edge of a similar abyss to Rangers and they know that without us they're futures are grim.

They may not like it, but they will see sense and put pressure on the SPL heirarchy to agree with Miller here.

It's that notion of "cutting your nose off to spite your face" syndrome so loved by many small-minded individuals in Scotland that will be driving them to do us in - their empty wallets and angry shareholders will let common sense prevail though.

TBK's and BK will not halt this Miller bid.

We should look out our stars and stripes flags now in readiness for Monday. :D

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If the toxic parent company has been detached in order to complete its CVA and the assets of the club are protected via a new plc, the club is solvent. So where does that leave the admins in terms of dealing with Whyte and Ticketus? 10310.gif

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I have a question regarding Miller's plans. Why would he move the assets to a new company, pay a CVA then move them back instead of just paying the CVA? What's the benefits of his way?

He moves the assets (players included if they wish to come) to the temp company - he is then given the club for 11 million.

He would have to put investment into the club at this stage ( he has discussed this with the manager) and would ask us to buy Season tickets and support our club as normal

Meantime back at the PLC - D&P can then act on the legality of the Ticketus Deal with whyte and sort out a CVA that benefits the creditors, except Whyte and Ticketus.

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Like I said, people are way too hung up on a plc and can't see the forest for the trees.

Unfortunately, we cannot wave a magic wand and make these issues go away. Even beyond our role, the strategy of each bidder in addressing these matters is of vital importance.
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If the toxic parent company has been detached in order to complete its CVA and the assets of the club are protected via a new plc, the club is solvent. So where does that leave the admins in terms of dealing with Whyte and Ticketus? 10310.gif

He moves the assets (players included if they wish to come) to the temp company - he is then given the club for 11 million. He would have to put investment into the club at this stage ( he has discussed this with the manager) and would ask us to buy Season tickets and support our club as normal Meantime back at the PLC - D&P can then act on the legality of the Ticketus Deal with whyte and sort out a CVA that benefits the creditors, except Whyte and Ticketus.

Can't say I 100% completely understand but do you two see it as a good thing for us?

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I have a question regarding Miller's plans. Why would he move the assets to a new company, pay a CVA then move them back instead of just paying the CVA? What's the benefits of his way?

It protects us from legal wrangles and essentially frees us up from the whole administration process.

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