OlegKuznetsov 10,816 Posted April 20, 2012 Share Posted April 20, 2012 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? Quote Link to post Share on other sites More sharing options...
pcbear 10,913 Posted April 20, 2012 Share Posted April 20, 2012 I'm liking your glass half full posts Oleg, i certainly hope your projected scenarios come to be reality. Quote Link to post Share on other sites More sharing options...
Shane 338 Posted April 20, 2012 Share Posted April 20, 2012 Think he's played a blinder, myself. Quote Link to post Share on other sites More sharing options...
RWM1216 20 Posted April 20, 2012 Share Posted April 20, 2012 Think he's played a blinder, myself.^^This - couldn't agree more. The more I hear from Miller, the more I hope he wins. Quote Link to post Share on other sites More sharing options...
Shane 338 Posted April 20, 2012 Share Posted April 20, 2012 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. Quote Link to post Share on other sites More sharing options...
Columbo 588 Posted April 20, 2012 Share Posted April 20, 2012 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 Quote Link to post Share on other sites More sharing options...
Colonel H VC 299 Posted April 20, 2012 Share Posted April 20, 2012 Absolutley.Went public and Showed his hand. Going to be a long weekend. Bears need to man up and stay strong. Semper Paratus Quote Link to post Share on other sites More sharing options...
sergio 1,199 Posted April 20, 2012 Share Posted April 20, 2012 Absolutley.Went public and Showed his hand. Going to be a long weekend. Bears need to man up and stay strong. Semper ParatusLatin, did you learn that at school ? Quote Link to post Share on other sites More sharing options...
Shane 338 Posted April 20, 2012 Share Posted April 20, 2012 Latin, did you learn that at school ? Quote Link to post Share on other sites More sharing options...
Bluepeter9 5,167 Posted April 20, 2012 Share Posted April 20, 2012 I think his statement was genius in thought. I have sat on the fence but no more. Miller has shown more balls and leadership in one statement than I have seen for years Quote Link to post Share on other sites More sharing options...
Broxi 11,484 Posted April 20, 2012 Share Posted April 20, 2012 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? Quote Link to post Share on other sites More sharing options...
Colonel H VC 299 Posted April 20, 2012 Share Posted April 20, 2012 Latin, did you learn that at school ? Fukus offus Quote Link to post Share on other sites More sharing options...
Tiger Shaw 30,463 Posted April 20, 2012 Share Posted April 20, 2012 Bill Miller looks to have a decent solid plan, but i think he is underestimating how much the at the SFA/SPL hate us . No chance will he have a written agreement from them come Monday .. I hope im wrong Quote Link to post Share on other sites More sharing options...
Shane 338 Posted April 20, 2012 Share Posted April 20, 2012 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. Quote Link to post Share on other sites More sharing options...
Broxi 11,484 Posted April 20, 2012 Share Posted April 20, 2012 Somebody's getting warm. You suggesting plain, simple liquidation and newco? Quote Link to post Share on other sites More sharing options...
Shane 338 Posted April 20, 2012 Share Posted April 20, 2012 You suggesting plain, simple liquidation and newco?I think the only people suggesting that are in the media or the TBK camp. Quote Link to post Share on other sites More sharing options...
Tiger Shaw 30,463 Posted April 20, 2012 Share Posted April 20, 2012 Bill Miller looks to have a decent solid plan, but i think he is underestimating how much the at the SFA/SPL hate us . No chance will he have a written agreement from them come Monday .. I hope im wrong Quote Link to post Share on other sites More sharing options...
Broxi 11,484 Posted April 20, 2012 Share Posted April 20, 2012 I think the only people suggesting that are in the media or the TBK camp.So what were you suggesting? Quote Link to post Share on other sites More sharing options...
Colonel H VC 299 Posted April 20, 2012 Share Posted April 20, 2012 I think the only people suggesting that are in the media or the TBK camp.Liquidation lite. The choice for a new generation. Quote Link to post Share on other sites More sharing options...
CanadianBacon 2,088 Posted April 20, 2012 Share Posted April 20, 2012 Bill Miller looks to have a decent solid plan, but i think he is underestimating how much the at the SFA/SPL hate us . No chance will he have a written agreement from them come Monday .. I hope im wrongThere 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'. 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. Quote Link to post Share on other sites More sharing options...
Shane 338 Posted April 20, 2012 Share Posted April 20, 2012 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? Quote Link to post Share on other sites More sharing options...
sergio 1,199 Posted April 20, 2012 Share Posted April 20, 2012 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. Quote Link to post Share on other sites More sharing options...
Shane 338 Posted April 20, 2012 Share Posted April 20, 2012 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. Quote Link to post Share on other sites More sharing options...
Broxi 11,484 Posted April 20, 2012 Share Posted April 20, 2012 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? 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? Quote Link to post Share on other sites More sharing options...
OlegKuznetsov 10,816 Posted April 20, 2012 Author Share Posted April 20, 2012 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. Quote Link to post Share on other sites More sharing options...
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