Generic Rangers in administration thread

Lovely start to the day:

Rangers director Dave King believes 'liquidation is inevitable'
“It grieves me to state that it seems inevitable that the footballing institution will survive but the company won't," says King.

http://sport.stv.tv/football/scottish-premier/rangers/300003-rangers-director-dave-king-warns-liquidation-is-inevitable/

What's the bottom line to all of this?

Is it actually possible that the big house could not stay open?

Zzonked wrote:What's the bottom line to all of this?

Is it actually possible that the big house could not stay open?

Ofcourse, unfortunately it is more than likely the big house will close. Just a matter of time. See Rangers directors statement above, liquidation is inevitable. It will happen one way or another.

Scott McClymont ‏ @mcclymontscott Reply Retweet Favorite · Open
Former Rangers director Paul Murray says he'll make a takeover bid for club before next Friday t.co/vmoO8K5b

Just read an article from Twitter and picked this out of it. Jela has me to believe that Whyte is a good guy, although I'm not entirely certain he is.


The harsh reality is that Craig Whyte has abused the loyalty of the fans by trading that future loyalty for cash in a manner that has excluded the club's ability to provide the very product that the fans were expected to pay for.

To have done this, and then blatantly lied about it, is an abuse that no fan of any club should have to suffer.

Billy Davies wrote:Just read an article from Twitter and picked this out of it. Jela has me to believe that Whyte is a good guy, although I'm not entirely certain he is.


The harsh reality is that Craig Whyte has abused the loyalty of the fans by trading that future loyalty for cash in a manner that has excluded the club's ability to provide the very product that the fans were expected to pay for.

To have done this, and then blatantly lied about it, is an abuse that no fan of any club should have to suffer.

What a clever way to put it.

This from a reporter working for UEFA ..

Alex O'Henley ‏ @UEFAcomAlexO Reply Retweet Favorite · Open
Dave King's assertion that #RangersFC titles won't be stripped might turn out to be a tad presumptuous. Developing story.


Oh fuck aye getting the jelly and ice cream out again!

Rangers will be sold in the next few days ...

@RobHarrisUK: BREAKING: Administrators "accelerate" Rangers sale process. Club in "perilous financial situation" as players reject cuts

You wont be sold

RIP

Still yet to answer my posts...

Must cut costs/receive unplanned income or "not able to fulfil fixtures".

Think you are gone.

It's simple, anyone who rejects a pay cut, no matter who they are, then sack them. Simples.

Graham Spiers ‏ @GrahamSpiers Reply Retweet Favorite · Open
Rangers FC administrators saying the club is on the rocks, so financially ruined it might not even be able to finish the season. Carnage.



Looks like if no sale of the club in the next week then liquidation.

Didn't think it would be this bad, even before the £49m tax bill. I'm going to overdose on jelly and ice cream.

Oh well then, I know a fun game ... Lets think of new names for the phoenix club

Jelavić7|EFC wrote:Oh well then, I know a fun game ... Lets think of new names for the phoenix club

"Liquidation .. it's impossible"

-Jelavic7|EFC

No-one will buy Rangers when the outcome of the Tax Liability Case isn't know. Liquidation seems the only realistic scenario.

I'll start the list:

Her Majesty's Revenue & Customs Football Club 2012

Something Vaguely offensive to a large religious group FC

Big_Lad_Pardew wrote:No-one will buy Rangers when the outcome of the Tax Liability Case isn't know. Liquidation seems the only realistic scenario.

Why would the tax case bother anyone? We'll just liquidate and get away with it again.

Jelavić7|EFC wrote:

Big_Lad_Pardew wrote:No-one will buy Rangers when the outcome of the Tax Liability Case isn't know. Liquidation seems the only realistic scenario.

Why would the tax case bother anyone? We'll just liquidate and get away with it again.

If the club is to be bought, it would matter.

I'll translate this statement to one sentance.

Either a real billionaire willing to lose £90m shows up or the club will be envious of Berwick Rangers budget

The Maestro wrote:I'll translate this statement to one sentance.

Either a real billionaire willing to lose £90m shows up or the club will be envious of Berwick Rangers budget

What league would they have to start in?

If we go into liquidation, they won't lose anything.

Genuinely had no idea wage cuts were only option to keep Rangers viable. I thought redundancy of lower tier players might've been enough.

So I guess this is why they didn't make anyone redundant, because the players hold so much value to Rangers that they can't simply be sacked.

Mike Farrell ‏ @mikefstv Reply Retweet Favorite · Open
Administrators say Rangers will not be able to see this season's fixtures out without severe cuts or new income http://bit.ly/xusT34

Alex O'Henley ‏ @UEFAcomAlexO Reply Retweet Favorite · Open
Major question marks over whether #RangersFC will see out the season now. Have we seen last Old Firm derby? History beckons for #Joe Ledley

I think Jela is ignoring you, BLP.

Big_Lad_Pardew wrote:

The Maestro wrote:I'll translate this statement to one sentance.

Either a real billionaire willing to lose £90m shows up or the club will be envious of Berwick Rangers budget

What league would they have to start in?

This is now where there is a lot of debate. The new company can apply to enter the Scottish Premier League, but has to be agreed by all clubs. Not likely. Club would have to start in Division Three.

Totti wrote:I think Jela is ignoring you, BLP.

So do i

The Maestro wrote:

Big_Lad_Pardew wrote:
What league would they have to start in?

This is now where there is a lot of debate. The new company can apply to enter the Scottish Premier League, but has to be agreed by all clubs. Not likely. Club would have to start in Division Three.

Division three? I am sure an English counterpart would be a good 10 down...

Jelavić7|EFC wrote:If we go into liquidation, they won't lose anything.

Come on, enlighten us

The Maestro wrote:

Big_Lad_Pardew wrote:
What league would they have to start in?

This is now where there is a lot of debate. The new company can apply to enter the Scottish Premier League, but has to be agreed by all clubs. Not likely. Club would have to start in Division Three.

Neil Doncaster has already said that the TV deal depends on us. Therefore they may have to re-instate us no matter what. Although hopefully we'll reject it and start back in division three.