Buzz 306 Posted April 27, 2012 Share Posted April 27, 2012 These are obstacles any bidder would have to overcome. With regards to PB status, it is unconditional. Quote Link to post Share on other sites More sharing options...
northumberlandloyal 17 Posted April 27, 2012 Share Posted April 27, 2012 I think this could well be the last throw of the dice hope to hell its a six Quote Link to post Share on other sites More sharing options...
Swagger 8,370 Posted April 27, 2012 Share Posted April 27, 2012 SSN now Quote Link to post Share on other sites More sharing options...
Blondie7 24 Posted April 27, 2012 Share Posted April 27, 2012 These are obstacles any bidder would have to overcome. With regards to PB status, it is unconditional. Quote Link to post Share on other sites More sharing options...
southcoastbear 1,639 Posted April 27, 2012 Share Posted April 27, 2012 Think getting shytes shares may prove more difficult than CVA after his statement he wants to hold onto 25% of shares. He cant be playing with a full deck if he thinks anyone will stand for that. Quote Link to post Share on other sites More sharing options...
Swagger 8,370 Posted April 27, 2012 Share Posted April 27, 2012 BK and Kennedy together. No liquidation and conditional offer based on CVA and getting Whytes shares Quote Link to post Share on other sites More sharing options...
ClintonGrey 365 Posted April 27, 2012 Share Posted April 27, 2012 http://forum.rangersmedia.co.uk/index.php?showtopic=218303 Quote Link to post Share on other sites More sharing options...
Chesh 28 Posted April 27, 2012 Share Posted April 27, 2012 Just caught the las t sentance what was said? Quote Link to post Share on other sites More sharing options...
haggismuncher 55 Posted April 27, 2012 Share Posted April 27, 2012 Damn i'm at work, anything else Quote Link to post Share on other sites More sharing options...
rossDas 1,071 Posted April 27, 2012 Share Posted April 27, 2012 Fingers crossed administrators will deem this acceptable. Quote Link to post Share on other sites More sharing options...
Non_Sucumbi 876 Posted April 27, 2012 Share Posted April 27, 2012 SSN nowThought Ally handled it very well again. Quote Link to post Share on other sites More sharing options...
TheFarmer 260 Posted April 27, 2012 Share Posted April 27, 2012 Liquidation and Newco not an option for this bid.Would mean no 'Newco sanctions' (i.e. Europe for 3 years, and any sanctions agrees on the SPL meeting on April 30th)Would mean remaining in the SPL (no division 3)Would still mean no European football next season but that's the least of our worries.Would be a massive GIRFUY to the rest of Scottish football trying to kill us off. Hopefully we would be able to get the SFA ruling overturned/reduced on appeal.We can all only cross our fingers and hope TBK / BK can pull this off Quote Link to post Share on other sites More sharing options...
Swagger 8,370 Posted April 27, 2012 Share Posted April 27, 2012 Just caught bits of it but as said conditional on the basis they get CVA and get hold of Whytes shares Quote Link to post Share on other sites More sharing options...
boss 1,941 Posted April 27, 2012 Share Posted April 27, 2012 Hardly unconditional. Agreed, but D&P did correct themselves later that day to an offer with "minimal conditions", of which CVA was always one, that was "capable of being accepted". Quote Link to post Share on other sites More sharing options...
TheFarmer 260 Posted April 27, 2012 Share Posted April 27, 2012 Think getting shytes shares may prove more difficult than CVA after his statement he wants to hold onto 25% of shares. He cant be playing with a full deck if he thinks anyone will stand for that.If its between him having 25% of the shares and us not agreeing a CVA I know which one id prefer.Obviously we'd rather him out the picture though.Whatever share he has, as long as TBK have more than 50% were sorted.We can dilute his share holding even further in the share issue following a TBK takeover. Quote Link to post Share on other sites More sharing options...
RFC55 110,296 Posted April 27, 2012 Share Posted April 27, 2012 Seems like someone (the op) may be worried about a large consignment of jelly and ice cream he's purchased Quote Link to post Share on other sites More sharing options...
3Proddie1690 132 Posted April 27, 2012 Share Posted April 27, 2012 Don't see the CVA as an issue tbh, creditors will much rather get something back rather than nothing at all. Shyte's shares are the issue tho, can't understand why the bhoy won't just give them up and at least TRY and do the decent thing for once.. Quote Link to post Share on other sites More sharing options...
rangersross 6,579 Posted April 27, 2012 Share Posted April 27, 2012 Obstacles remain in our way but it's certainly progress. Also, unless I've completely misunderstood it, cause for some measure of celebration. It's Friday: I'll shortly be drinking to Rangers' (gradually improving) health! Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted April 27, 2012 Share Posted April 27, 2012 I want to take this opportunity to apoligise to Gunslinger, if it turns out that he has been correct about TBK all along.I'm not too arrogant to do so. I still don't like you posting shite from the Rhecord though. needent appologise to me mate. I'm confident I'm right Quote Link to post Share on other sites More sharing options...
haggismuncher 55 Posted April 27, 2012 Share Posted April 27, 2012 So just waiting on administrators to accept it then, God how long is that gonna take Quote Link to post Share on other sites More sharing options...
JCDBigBear 10,865 Posted April 27, 2012 Share Posted April 27, 2012 If its between him having 25% of the shares and us not agreeing a CVA I know which one id prefer.Obviously we'd rather him out the picture though.Whatever share he has, as long as TBK have more than 50% were sorted.We can dilute his share holding even further in the share issue following a TBK takeover.Whyte could be taken to court at a later date after the deal goes through. He obtained the shares by lies, deceit, fraud and should not profit by one cent from this deal. Quote Link to post Share on other sites More sharing options...
54andcounting 627 Posted April 27, 2012 Share Posted April 27, 2012 Blue Knights and Brian Kennedy submit conditional bid for crisis-hit RangersThe offer is subject to a company voluntary agreement being agreed and Craig Whyte selling the group his shares.By Mike Farrell27 April 2012 15:52 GMTCommentRangers: The conditional bid for the club was submitted on Friday afternoon. The Blue Knights consortium and Scots rugby club owner Brian Kennedy have submitted a conditional takeover bid for Rangers.According to a statement released by the pair on Friday afternoon, the offer is subject to a company voluntary agreement (CVA) being agreed among the Ibrox club’s many creditors.The new bid is also conditional on Craig Whyte’s shares being acquired, the group confirmed in a statement.Earlier in the day London agency Ticketus confirmed it had withdrawn its financial backing of the Blue Knights consortium, citing the increasing complexity of the financial mess at Rangers being a barrier to it.In a joint statement, the frontman of the Blue Knights group, former Rangers director Paul Murray, and Mr Kennedy, who owns Sale Sharks Rugby Union Club, said: "We are pleased to announce that the Blue Knights, led by Paul Murray and Brian Kennedy have joined forces and at 3pm today have submitted a written offer to the lawyers of the administrators to purchase Rangers Football Club."This offer we consider to be substantial and is conditional on a CVA being approved by the creditors, and Mr Whyte’s shares being acquired."We hope this is accepted so that we may proceed with due diligence forthwith and make a start to the task of re-building Rangers Football Club of 1872."Mr Kennedy has previously had two bids rejected while the finance behind the Blue Knights, aside from Ticketus when it was involved, has never been clarified.The other bidder still in the running is American tow-truck business owner Bill Miller who has offered £11.2m for the club’s assets to be sold to a new company, which would most likely result in the old one being liquidated.Ticketus, which struck a £25.3m deal with Mr Whyte for 100,000 Ibrox season tickets, will most likely now become a creditor of the company to the tune of £27m if that agreement is now torn up should it not be part of any takeover bid. The London agency has so far been paid £8m by Rangers for the deal, while it also struck a similar one with Sir David Murray for Ibrox season tickets in 2009. Quote Link to post Share on other sites More sharing options...
gunslinger 270 Posted April 27, 2012 Share Posted April 27, 2012 I know people who won't go back to ibrox if whyte retains a shareholding. the players may also be able to walk. Quote Link to post Share on other sites More sharing options...
TheFarmer 260 Posted April 27, 2012 Share Posted April 27, 2012 Whyte could be taken to court at a later date after the deal goes through. He obtained the shares by lies, deceit, fraud and should not profit by one cent from this deal.As long as we get ahold of 51% of the shares from him we can go after the rest another time. Quote Link to post Share on other sites More sharing options...
JCDBigBear 10,865 Posted April 27, 2012 Share Posted April 27, 2012 As long as we get ahold of 51% of the shares from him we can go after the rest another time.That's my point. It will be very interesting to see what happens when the court case starts in October. Collyer Bristow, Withey and Whyte, the Unholy Trinity. Quote Link to post Share on other sites More sharing options...
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