Rejected Bid to Buy Rangers

[Craigie79 67]

Some guy is taking the piss out of him

He's been royally stitched up.

If it is this guy

http://www.imdb.com/name/nm4914633/

Then its not a bad publicity stunt for his up coming horror(we can all relate to that) thats due out on the 1st July.

[Thermopylae 15,287]

ALEX THOMSON IS A LYING CUNT.

He states that if CLITEC were in trouble, he would be investigating them.

At this point, you realize that he is utterly full of shit.

Perhaps if the mhedia started inverstigating them they would be in trouble

[ZeonBlue 378]

850 million euro bid rejected?? aye right and my cock is 18 inches long

That will def sell news papers

[Helicopter Sundae 6,197]

Speaking of anagrams whose this -

Oh Big Phallic Animal

How the fuck to you make that out of Phil McGobblegiver?

[Craigie79 67]

Now here is a half baked conspiracy

Start off with Seylynn Village, part of Timmys blog

In essence, the bond is drawn up in respect of a property deal in Canada – Seylynn Village – which did not go ahead

http://www.nsnews.com/business/Hynes+Seylynn+Village+site+sale/5285494/story.html

Hynes has now listed the five-acre site with Colliers International, and district manager of development services Brett Dwyer said there have been interested buyers contacting the district for information.

Colliers that sounds quite familiar - so who is colliers international? well they have a parter - Tom Bristow from canada -

http://www.colliers.com/Tim.Bristow

Colliers international

Bristow and collyer

All fitting in with a scot/spanish failed canadian land deal at Seylynn Village

[Rupret 223]

How could he fall for it twice?

Best I could come up with

[Essandoh 21,350]

Failed journalist.

[JCDBigBear 10,864]

I find it difficult to believe that this "bid" information was actually given any credibility as the lack of any semblance of authenticity to the story is quite overwhelming. The shoddiest piece of journalism I've seen in a long while. Mind you, I don't read this guy Thomson's other efforts so I'm maybe not the best judge of his brand of so-called reporting.

[Shane 338]

Anyone letting this feed D&P conspiracy theories, this is the man who was shunned off radio after railing against a fake twitter account for a whole segment, this after teasing it the entire day as a massive story that would shake Scottish journalism to its core. Just because Thomson falls for morons with "documentation" doesn't mean a company of CPAs and solicitors would.

Loved earlier when Thomson said its release was being delayed because of "lawyers" needing to take a look. For one thing, utter horse shit. For another, what journalist handed a dossier of supposedly legitimate documents and granted access directly to the person in question has to vet materials through their organization's lawyers to see if it's okay to publish? What a complete fucking dipshit.

[offminorthreat 1,467]

Right...so the sequence of events is:

* takes forever to name a preferred bidder due to the state we are in

* a preferred bidder is named (Miller)

* preferred bidder walks away

* everyone panics like fuck.

* D&P continue to work with interested parties, including Green.

* D&P start getting very close to a binding deal with the Green consortium.

* a guy previously on the outer of proceedings rolls up on the Friday night saying he has an interest and a consortium, but cannot immediately name the consortium.

* D&P cut a deal on the Saturday with Green

Personally, I see nothing wrong with this. Time is of the essence in things like this and you can't wait for everyone who comes along late.

What if D&P did not do the Green deal because of this clown, and it turned out that Green walked away and that this new guy was a pretender?

Bird in the hand.

[Carsons Dog 9,878]

I had to check it wasn't 1st of April when I read that

[Bluepeter9 5,167]

Rejected bid

Amidst all the secrecy, the refusal to break cover, the smoke and general mirrors surrounding the Rangers fiasco – suddenly, along comes a surprise. Tristan Loughrey, a Scotsman who has spent more than 20 years out of the country closing various deals as an investment banker among other trades, is nothing if not frank and open.

When a man sits on a street café pavement in Baker Street, west London and calmly explains how he claims access to around 850m euros of funding to buy Rangers, the first thing you want to say is: "prove it".

So I do. It seems a little rude, but as we sit there supping succulent cappuccino and particularly fine tap water, Tristan Loughrey unwraps his plan.

"It was 11 May," he recalls, "when I was in contact with the Rangers administrators Duff and Phelps, with a view to buying the club. I was asked to fill in an NDA (Non-Disclosure Agreement) with which we would take things forward."

"So what happened next?" I asked

"Well that's the strange thing. Nothing at all happened. I heard nothing until a day or so later when I suddenly see they've given the deal to Mr Green and his consortium."

"So how do you feel about that?" I asked.

"Well," he muses, appearing more mystified than angry, "I'm baffled by it frankly. I mean it's not like they did not do due diligence on me and my finances – they didn't do any diligence at all. Why ask me to fill in the NDA – effectively a way of looking into the finances with confidentiality, if you're not seriously interested at all?"

Email exchange

Asked by Channel 4 News to prove the email exchange took place with Duff and Phelps, the emails duly arrived. We have an email from Charles Walder at Duff and Phelps dated 11 May sent to Tristan Loughrey at 17.08pm attaching a scanned copy of the NDA – the first step to take when a potential bid is seriously entertained by an Administrator.

The email from Mr Walder concludes: "Please note that the NDA needs to be completed by yourself and any party that you are representing. Please also confirm who the key members of your consortium are and the source of the funding to support any offer you will make for the business and assets of the Club."

Tristan Loughrey duly signed and sent. It was getting late on a Friday and he could not get the papers in place at that hour of the business week, he says, to set out the source of his funding.

He expected to hear from Duff and Phelps on Monday morning – instead he heard that Charles Green was the exclusive bidder on the Sunday. He was astonished by this then, and he is astonished by it now. And he certainly does lay claim to exceedingly large funds.

Substantial funds

Channel 4 News has seen a copy of an account held in the Malaga branch of La Caixa – a major Spanish savings bank. The balance of this account was – as of 27 January 2012, some 500m euros. The account is held under the name of Maurizio Gigliosi whom Tristan Loughrey says is his business partner. He claims to have power of attorney over this money to be used for funding major investments like the take-over of Rangers.

We do not have firm proof as yet that he does, in fact, have control of these funds, but I am promised an email to that effect from the bank itself and the officer named on the account as Jose Ordono Artes. Mr Loughrey says his business partner.

Further, Tristan Loughrey also said when we met that he had access to a euro bond to the value of 350m euros over and above the Spanish funding. Again I asked him to prove it and today he sent through several documents detailing the Bond. In fact the documentation we have received is scores of pages including the Trust Deed and Collateral Deed.

Explanation

Attaching these deeds to me by email he gave Channel 4 News to following explanation:

"There is a credit rating of BBB+ from the large German rating agency called Scope with this bond which is deposited in Deutsche Bank London at their custodial account through State Street bank (of which can be checked on Euroclear , Bloomberg etc..) Obviously if things are different – I would have the original PPM of Seylynn village changed to the Rangers project and start selling the bond not only to my investors and exit buyers including insurance companies, pension funds and high net worth individuals but also to retail buyers including the Rangers faithful who would be helping their club through buying one of these bonds and also receiving a 6.5 per cent annual interest payment (better than any banks interest) and guaranteed return of principal after maturity in just over eight (8) years. The amounts received on this play would cover all debts and have a positive cash flow for years to come."

In essence, the bond is drawn up in respect of a property deal in Canada – Seylynn Village – which did not go ahead. Mr Loughrey says that changing the property element to the bond is possible and the business plan for funding is set out by himself in the email I received today. Not being an accountant I have no idea whether this stands up or not.

Considering all offers?

But what is not disputed is that Duff and Phelps did not look at any business plan because – it being late on a Friday, Mr Loughrey did not submit one at the time. We know Duff and Phelps were in a hurry after the Miller fiasco, to sell Rangers somehow. But was it at all costs? Were they not obliged to find the best deal for creditors in law?

Naturally Tristan Loughrey emailed Duff and Phelps to find out why he had not been considered? Why had nobody asked again to look at his plan before going with Charles Green? Charles Walder at Duff and Phelps emailed him on 15 May at 08.3am:

Tristan

I refer to your interest in acquiring the business and assets of the Club.

The Joint Administrators have entered a legally binding exclusivity agreement with another party. As such, any prior discussions with yourselves are now terminated and the Joint Administrators will not be progressing your interest any further.

Regards

The next morning, on 16 May, Tirstan Loughrey made his feelings clear to Duff and Phelps, the Rangers Administrators:

Hi Charles,

I thank you for getting back to me in regards to the D&Ps rejection of my offer to buy Rangers – but I was just a little bit surprised that your firm did not take into consideration my bidding for the club as it was going to be a far superior offer to what has already been accepted and it would have satisfied not only the Rangers fans but the creditors including HMRC.

I do have verifiable proof of funds in the EUR 500 Million range and also have a 350 Million euro bond that could be applied to the ongoing funding of the club for many years to come with the future security of the club assured. I do appreciate that you are working for D&P and cannot make unilateral decisions but it would be helpful for my own piece of mind if you could explain to me the rejection of my offer?

Thanking you in advance for your timely response.

Best Regards

Tristan Loughrey

Read more: Rangers' complex connections explained

Hoaxer or genuine?

On May 17 at 13.40pm Charles Calder simply wrote back saying that since they had actually received no formal detailed offer there was nothing for them to reject. Duff and Phelps declined to comment on today's disclosures by Channel 4 News. But clearly any administrator in a process like this has to draw a line at some point in the proceedings. There are often mischievous fake bidders out there and all kinds of chancers.

We do not know quite where Mr Loughrey sits. Is he simply one of those? He insists he is genuine and has clearly sent Channel 4 News considerable documentation linked to hundreds of millions of pounds.

He has also sent emails to and received emails from Duff and Phelps to that effect. Hoaxer or real – both sides in this agree that they never saw the colour of his money and he never had the chance to put his case.

Ultimately you must make your own judgement about this curious tale. Certainly Tristan Loughrey came late to the table. Certainly we cannot finally say whether or not this man really does have control of the kind of funds set out the documents now in our possession. But he has been very open and frank about his approach. He says he has a perfectly workable way of funding the club's survival with the kind of money one suspects Mr Green's consortium could only dream about.

And both parties agree that – for whatever reasons, the fine print was never given any kind of examination by administrators Duff and Phelps. So the key question in all this should now be – if Mr Green and his consortium 'do a Miller' and the whole thing falls down for whatever reason – will Duff and Phelps be getting back in touch with Mr Loughrey and who knows who else who might be out there claiming to have the serious money to hand?

shite from Thomson..........no real bid, no proof of money.....and the "succulant capuccino"...shows just how this tosser has deteriorated into a buffoon mouthpiece for Rangers haters

Tristan???

Loughry??

In essence, the bond is drawn up in respect of a property deal in Canada – Seylynn Village – which did not go ahead. Mr Loughrey says that changing the property element to the bond is possible and the business plan for funding is set out by himself in the email I received today. Not being an accountant I have no idea whether this stands up or not.

Oh the rest of it is just full of shit as well

Enough time spent on this pish!

[Edmiston Drive 3,846]

Total absolute keech.........................Euro Bond my ass.....................Bonds used to run a mile when people mentioned they had bonds to offload.

[bearsrus 12]

Dam Grill Wank

who ate aw the pies, who ate the pies, you fat bas..........

[Turnberry18 3,204]

Anyone letting this feed D&P conspiracy theories, this is the man who was shunned off radio after railing against a fake twitter account for a whole segment, this after teasing it the entire day as a massive story that would shake Scottish journalism to its core. Just because Thomson falls for morons with "documentation" doesn't mean a company of CPAs and solicitors would.

Loved earlier when Thomson said its release was being delayed because of "lawyers" needing to take a look. For one thing, utter horse shit. For another, what journalist handed a dossier of supposedly legitimate documents and granted access directly to the person in question has to vet materials through their organization's lawyers to see if it's okay to publish? What a complete fucking dipshit.

Happens all the time, especially in an increasingly litigious UK; but this(his claim that it was in the hands of lawyers) was more designed to give it more vavavoom! He does need vavavoom does Alex; we would now ignore him otherwise.

[Gibby10 10]

Total absolute keech.........................Euro Bond my ass.....................Bonds used to run a mile when people mentioned they had bonds to offload.

What about the flute bonds ?

[Edmiston Drive 3,846]

What about the flute bonds ?

Brooke..............

[Gibby10 10]

Brooke..............

James ................ Murrays mate ............. it aw ties back in !!!!

CHANNEL 4 news here i come !

[Edmiston Drive 3,846]

James ................ Murrays mate ............. it aw ties back in !!!!

CHANNEL 4 news here i come !

[Agentorange 17]

Is it just me or is anybody else getting paranoid. Our New saviour is GREEN our old was WYTHE. Is this a ceptic ploy

[eosmhdo 1,879]

Is it just me or is anybody else getting paranoid. Our New saviour is GREEN our old was WYTHE. Is this a ceptic ploy

Shettleston Harrier, jog on

[bluenose48 953]

Another bullshit story. Tbk's by another name.

Another person who claims to have multi million euro backers but cannot supply proof of those funds in time to save Rangers.

Fuck OFF.

[chris81 61]

Another NON story by the desperate thomson. He so wants to be the guy with the devestating news. Even IF someone had all this money for a bid thay were too late end of. D&P had to act and they did, no conspiracys, no "greens party from the start" bullshit. It is how it is. Deal with it.

[Gibby10 10]

I've heard that Mark Zukerbergs fav colour is BLUE so maybe he's next to wade in with his Bullions of Dollars .............. just hope he's no too late.

get aw these millionairs, TBK, BK, Miller, NG, Tristan, Green & mates put a big bag in the centre circle at ibrox and get them tae fill it with cheques !!!

[Gillete 1,338]

Ill hold judgement