If I didn’t know any better I would think that this entire Rangers saga was an exercise in cruelty.
When you look at the almost daily shenanigans of declarations of interest, preferred bidders, CVAs, no CVAs then it is difficult to discern a clear pattern.
You could be forgiven for thinking that the king of the spinners, some Govan VIP, was merely toying with the emotions of the inhabitants of Ibrox.
Now the man himself, Craig Whyte is back in the frame.
A year ago he was hailed by the Ibrox klan as a hero, a saviour.
I know from my survival training that the average person can survive three weeks without food, three days without water, in arctic conditions three hours without shelter, but three only SECONDS without…
The Rangers klan needs hope, desperately.
The SPL chaps need to get to the end of the season and Duff & Phelps need to appear competent.
When Bill Miller was announced as preferred bidder the administrators said that a standalone CVA was a nonstarter.
The American was the saviour!
I, ahem, took a slightly different view.
And so it came to pass…
A CVA would require the agreement of HMRC and Ticketus.
The next few days and weeks will be agonising for the bears of Ibrox to endure.
They are now in the bargaining phase of their grief.
Moreover, they tell themselves that liquidation isn’t really the end of their beloved Rangers.
They need to believe, they need to hope that their club can survive this nightmare.