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    Generic Rangers in administration thread

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    Generic Rangers in administration thread - Page 7 Empty Re: Generic Rangers in administration thread

    Post by Guest Sat Mar 10, 2012 5:56 am

    Jelavić7|EFC wrote:All players have taken wage cuts for 3 months.

    There were no redundancies, the 2 that left, asked to leave.

    I'm not on about players

    Mike Farrell þ @mikefstv Reply Retweet Favorite · Open
    Rangers' global partnership director Misha Sher confirms he has lost his job in cost-cutting today bit.ly/wRiseI
    Retweeted by Grant Russell
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    Post by Guest Sat Mar 10, 2012 7:31 am

    Jelavić7|EFC wrote:It wasn't organised lol, some guys just decided to go down.

    Yes it was, another one was organized for tonight. A demonstration against Craig Whyte

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    Post by Guest Sat Mar 10, 2012 7:36 am

    Paul Murray, Ticketus and Rangers supporters groups say they are ready to make joint bid for the club.
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    Post by Guest Sat Mar 10, 2012 7:43 am

    Sale Sharks owner Brian Kennedy met with the administrators today to discuss a takeover bid.
    avatar
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    Post by Kuled Sat Mar 10, 2012 7:43 am

    R.I.P
    Anonymous
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    Post by Guest Sun Mar 11, 2012 6:11 am

    I'm loving all this chat about trying to call off the Old Firm game. Tonight on the radio Jim Traynor said that they should make it available to just Rangers fans.

    They are totally freaking out. Will be the biggest party world football has ever seen. Especially if it's a title decider.

    They may also be getting their excuses in early. There is no doubt whatsoever that on that day they will riot on the pitch, wouldn't be surprised if somebody is killed .. and it will most likely be blamed on Celtic fans for enjoying themselves.
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    Post by Guest Tue Mar 13, 2012 3:23 am

    3 more of the 'Blue Knights' have been named:

    Scott Murdoch , John Bennett and Douglas Park. Douglas Park owns around 50 BMW branches and in general seems rather wealthy.

    Still another 4/5 of them to be named.
    CollieBuddz
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    Post by CollieBuddz Tue Mar 13, 2012 3:25 am

    Is liquidation still inevitable?
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    Post by Guest Tue Mar 13, 2012 3:32 am

    CollieBuddz wrote:Is liquidation still inevitable?

    Yes, RIP.














    Laughing

    Not if a CVA is agreed, no. HMRC say they're willing to do it if it is with a new owner, i.e. The Blue Knights. They refuse to do it with Whyte so, we should have new owners this/next week. We'll see where it goes from there.
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    Generic Rangers in administration thread - Page 7 Empty Re: Generic Rangers in administration thread

    Post by Totti Tue Mar 13, 2012 3:55 am

    "The Blue Knights" is an embarrassing name. Laughing
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    Post by Guest Tue Mar 13, 2012 3:56 am

    Totti wrote:"The Blue Knights" is an embarrassing name. Laughing

    Why? The company trying to take over Man Utd were "The Red Knights".
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    Post by Totti Tue Mar 13, 2012 3:59 am

    Which is also embarrassing.

    Shows how much they think of themselves.
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    Post by Guest Tue Mar 13, 2012 4:00 am

    Totti wrote:Which is also embarrassing.

    Shows how much they think of themselves.

    You're such a fucking spastic facepalm rofl

    You don't even get it, do you? doh Laughing

    Oh dear.
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    Post by Guest Tue Mar 13, 2012 4:02 am

    Been a while since I updated this thread, things are moving at a slower pace.

    Jelavić7|EFC wrote:HMRC say they're willing to do it if it is with a new owner

    They have said nothing of the sort. They are not like any other creditor to accept a hair cut on the debt. They don't even know the result of the tax case, yet they have reached a deal? They will not settle for anything less than the money they are owed.

    CollieBuddz wrote:Is liquidation still inevitable?

    Rangers were saved from liquidation by players agreeing a 75% wage cut, but only until the end of the season. Even if they win the tax case, then an appeal will see off new owners until that's resolved .. then liquidation looms

    The elephant in the room however remains the big tax, it is likely to go against Rangers and liquidation is inevitable .. That is unless .. They find a billionaire buyer. Right now we're hearing the administrator drum up interest by saying there are interested parties in the Middle East. To buy them after this tax case, it would require something like £100m, with no chance of return. If you had £100m to blow on a football club, you'd go to England.

    Those who have been right all along still believe liquidation to be the only outcome, there is no reason to believe otherwise.


    Last edited by The Maestro on Tue Mar 13, 2012 4:02 am; edited 1 time in total
    Totti
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    Post by Totti Tue Mar 13, 2012 4:02 am

    Suspect
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    Post by Guest Tue Mar 13, 2012 4:04 am

    Tom English ‏ @TomEnglishSport

    I fear for some Celtic fans if Duff and Phelps have got their analysis right. We're talking spontaneus combustion on a frightening scale

    Generic Rangers in administration thread - Page 7 3925848005
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    Post by Guest Tue Mar 13, 2012 4:05 am

    Totti wrote: Suspect

    facepalm

    http://en.wikipedia.org/wiki/White_knight_(business)
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    Post by Guest Tue Mar 13, 2012 4:05 am

    Rangers Tax-Case ‏ @rangerstaxcase Reply Retweet Favorite · Open
    Rangers' situation- still by far the most likely outcome is that the company incorporated on 27 May 1899 will be liquidated.

    Tom Enlish? Or Rangers Tax Case? Who on earth has more credibility I wonder
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    Post by Guest Tue Mar 13, 2012 4:06 am

    The Maestro wrote:Rangers Tax-Case ‏ @rangerstaxcase Reply Retweet Favorite · Open
    Rangers' situation- still by far the most likely outcome is that the company incorporated on 27 May 1899 will be liquidated.

    Tom Enlish? Or Rangers Tax Case? Who on earth has more credibility I wonder

    Neutral Neutral Neutral

    Neutral Neutral Neutral That's a celtic fan. Neutral Neutral Neutral

    Neutral Neutral Neutral
    Totti
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    Post by Totti Tue Mar 13, 2012 4:09 am

    Jelavić7|EFC wrote:
    Totti wrote: Suspect

    facepalm

    http://en.wikipedia.org/wiki/White_knight_(business)

    rofl
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    Post by Guest Tue Mar 13, 2012 4:12 am

    Tom English, the hack, is a Celtic fan? Never heard that one before

    Ask yourself this, has Rangers tax case been miles ahead? The answer is yes

    Read this:
    My blog shows how Scotland's media were complicit in Rangers fall
    The author of the blog that has pulled down the facade at Rangers was motivated by the failings of the Scottish press

    http://www.guardian.co.uk/football/blog/2012/feb/17/scotland-media-rangers

    Bit annoying that I spend a bit of time to type up my post earlier to explain where we are, and it gets completely lost in a sea of Jela's shitty emoticon ridden posts.
    MickStupp
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    Post by MickStupp Tue Mar 13, 2012 4:34 am

    Totti wrote:
    Jelavić7|EFC wrote:

    facepalm

    http://en.wikipedia.org/wiki/White_knight_(business)

    rofl
    I don't get why you're laughing? The name actually makes reasonable sense in business terms.
    Anonymous
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    Post by Guest Tue Mar 13, 2012 5:28 am

    MickStupp wrote:
    Totti wrote:

    rofl
    I don't get why you're laughing? The name actually makes reasonable sense in business terms.

    Trying to hide his embarrassment i.e. how shit his general knowledge is. Can't say I blame him really, in amongst that mob.
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    Post by Guest Tue Mar 13, 2012 5:45 am

    Totti
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    Post by Totti Tue Mar 13, 2012 5:51 am

    Jelavić7|EFC wrote:
    MickStupp wrote:
    I don't get why you're laughing? The name actually makes reasonable sense in business terms.

    Trying to hide his embarrassment i.e. how shit his general knowledge is. Can't say I blame him really, in amongst that mob.

    "How shit my general knowledge is". Mischief

    Please exaggerate.
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    Post by Guest Tue Mar 13, 2012 6:35 am

    Channel 4's Alex Thomson article. Sure to go down well with the Rangers fans Generic Rangers in administration thread - Page 7 3925848005


    http://blogs.channel4.com/alex-thoms...x-shambles/850

    Last week I asked for non-Rangers and Celtic fans in Scotland to give me their observations on the current Ibrox detox. Several hundred emails later, I surface to bring you the first of a series of blogs.

    First of all, a big “thank you” for the hundreds of emails and tweets. It is clear that very few Scottish football fans are of the Ahmedinejad tendency – almost nobody wishes to see Rangers ‘wiped off the map’. But when it does come to proper and fitting punishment, a strong consensus exists, of which more later.

    What comes through strongly is the belief that the Rangers debacle is a genuine opportunity to rebuild Scottish football on a more interesting and fairer model. Ramsey spoke for almost everyone when he wrote: “Most see this as the perfect opportunity to better the league and the game as a whole.” A chance to recreate genuine competition in the SPL and consider wider matters beyond the “the self-interest of not just the old firm but the entire SPL.”
    The key observation though, is that the current focus on owner Craig Whyte and declaration of his not being “fit and proper” to run a football club is missing the point.

    As non-Old Firm fans see it, the decade or more long practice at Rangers of allegedly paying players one amount for tax purposes but another larger amount to save around £45 million on tax via so-called employee benefit trusts began way before Whyte. Legal or illegal. A least one former director has publically confirmed this too.

    Rosaleen said: “It all stemmed from before Whyte’s arrival, and yet nobody up here from the media is doing any serious investigating beyond him!”

    Though that doesn’t square with recent significant revelations in both the Sun and Mail shedding light on Ranger’s alleged practice of paying stars one sum but telling the authorities they were paying another, to save millions in tax. We await judgement from a tax tribunal as to whether or not this practice was legal. That is actually happened is not apparently in dispute, it is the legality that is under question.

    And here we get to a huge groundswell of opinion from aggrieved fans beyond the Glasgow cauldron (pace Partick Thistle) Because the rules clearly state that you have to tell the authorities full details of player contracts or they are ineligible. If Rangers did not do this – and it is still an “if” pending that tribunal – a decade of silverware, championships and glory is under possible forfeit. The stakes could not be higher. If that is the case, Tony writes:

    “In effect Rangers have fielded many players over many years in all competitions who were ineligible to play. This is confirmed by former Rangers director Hugh Adam last week and is subject to a current commission of inquiry by the Scottish Premier League.”

    And it was also confirmed by Mr Adam who told the Mail the practice had gone on for longer than a decade and predated the SPL.

    What many fans cannot understand though, is how key individuals in the game were serving both as directors of Rangers FC and on the Scottish FA and SPL. The job of directors – beyond trotting along to Ibrox and sitting in the box in a suit – is to oversee proper governance of the football club.

    Campbell Ogilvie, for instance, is current President of the SFA and was not only a director of Rangers during the period under investigation but also company secretary of the club. It was his job to know about contractual arrangements with players.

    So far Mr Ogilvie has not stood aside from his current role whilst the SPL investigation is underway. How many such contracts were signed? How many did he see? Did he know about them at all? If he did, did he sanction them being signed off? If he didn’t – why wasn’t he doing his job? Is there not a conflict of interest in his current position?

    We are currently putting these and other questions to Mr Ogilvie via the SFA, but as things stand we are told he is not doing any interviews but is ‘distancing himself from the current investigations’. When we asked if he has formally stood aside pending the outcome of the investigation, we were told he has not.

    As one fan put it: “If it is held to be true that Rangers, in implementing an unlawful tax evasion scam on a huge scale, fielded ineligible payers whilst those responsible were serving as directors of the regulatory and licensing bodies, we can say with certainty that the game of football in Scotland has been corrupt for 15 years or so.”

    One Clydebank supporter put it thus: “I am now reading that I’ve been ploughing my hard-earned cash into a league that has effectively been rigged in favour of one big side…but now I’m expected to just move on.”

    This is the key area fans want some answers about and where – right or wrong – they feel they are being short-changed by what they see – time and time again – as an over cosy relationship between the Old Firm, the SFA and SPL, and the Glasgow media.

    One oft-repeated refrain is: “The media in Glasgow keep telling us how much Scottish football needs Rangers – what they mean is how much they need Rangers, not Scottish football.”

    Nobody likes a cheat in sport. And here it’s claimed we have one in the shape of the loudest, biggest club with what some see as a tawdry history of bigotry, violent fans and a frankly supremacist culture. So when the bully and the cheat gets his comeuppance, there will be some vitriol.

    If anything though, I was surprised by the considered responses most made to Rangers’ implosion. But of course there’s real anger out there:

    “We have been duped…for 15 years,” wrote one fan, “and we are now sinking the boot into the perpetrators of the deceit. They have had a few days of pain. We’ve suffered nearly two decades. To hell with them and all who support them or feel sorry for them. They are cheats, simple as that.”

    Well, it is for the HMRC and the tribunal process to decide if Rangers FC was, in fact and law a criminal and cheating organisation in the period under examination. But we can say there’s already evidence starting to emerge in public to support that as yet unproven allegation.

    With the clock ticking at Ibrox, fans across Scotland are not short of ideas about what should happen. But as I said, remarkably few want Rangers wiped from the face of the earth. They just want existing rules implemented – a near-revolutionary suggestion it would seem, given the current unfolding saga at the top of the Scottish game.

    Coming up next; Crime and Punishment – What to do with Rangers Football Club; should they be found guilty; and is liquidation the only way out?
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    Post by TheRangersFan Tue Mar 13, 2012 6:48 am

    Jelavić7|EFC wrote:3 more of the 'Blue Knights' have been named:

    Scott Murdoch , John Bennett and Douglas Park. Douglas Park owns around 50 BMW branches and in general seems rather wealthy.

    Still another 4/5 of them to be named.

    Yup, we'll be hearing more through the week as they plan to make a bid by Friday I think. I don't think Dave King is involved at this stage because of his own personal tax troubles. Smile
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    Post by TheRangersFan Tue Mar 13, 2012 6:49 am

    Jelavić7|EFC wrote:
    Totti wrote: Suspect

    facepalm

    http://en.wikipedia.org/wiki/White_knight_(business)

    You'd think it would be pretty obvious... Laughing
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    Post by Guest Tue Mar 13, 2012 6:53 am

    TheRangersFan wrote:
    Jelavić7|EFC wrote:

    facepalm

    http://en.wikipedia.org/wiki/White_knight_(business)

    You'd think it would be pretty obvious... Laughing

    Well, you never know with that lot. laugh
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    Post by Guest Wed Mar 14, 2012 9:47 am

    Brian Kennedy confirms that he will bid for Rangers before the deadline, says quite openly that he was a hibs fan when he was small but went to Rangers games with his wives family or some shit.

    13th on Scotlands richest.

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