yorkshirepud
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Posts posted by yorkshirepud
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Good point. Now - Yorkshire? A*r? I didn't know you lot had infiltrated......
Suspect you're not alone down here either as I saw a Vermin shirt in Asda Doncaster last week. Wife had to drag me in the other direction as she knew I'd say something. He was a big, ugly f*cker too. Wasn't you, was it?
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Just read through five or six pages of drivel. Can we give the Masonic stuff a break or take it to another forum/thread please people? Keep this thread for pointing and laughing at the Orcs and their highly entertaining fall from (dis)grace.
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"We welcome the opportunity to review a complete copy of the information that the BBC references in its story."
Just so we know exactly how much shit we're in.
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If there is evidence of this, Lord Hodge has got an easy decision to make. What happens if Haudit and Daudit are conflicted? Where does this leave the liquidation process? Does it nullify the sale to Chuckie?
Wife gone to Asda to resolve the popcorn shortage. Looks like this might be getting interesting again!
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Red, of course. You don't think I'm gaunnae f**k about chillin' it first? Wee bit Cabernet Sauvignon.... Mmmmmmm.
It's red so you're supposed to f**k about letting it breathe before you neck it.
Ye can take the boy out of Killie....
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Look who's re-appeared! Think I'll keep an eye on this to see how long it takes them to start reducing headcount.
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What was the line used a wee while back. Can't for the life of me remember which one of the authorities it was used it now, but it was something about "fear or favour".
I can only assume it was the SFA talking about being shit scared and willing to bend over at impossible angles.
Cockwomble and Regan both said it at the start of this clusterfuck. Said they would apply the rules and regulations of their league and association without fear or favour. So where do negotiating punishments and social unrest fit in with that?
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Niall McKay@nmckay82Mccoist at lunch thing with Queen, said she's renewing :-)
Niall McKay@nmckay82
Ally - gospel truth - Duke of Edinburgh asked what was happening with the Rangers :-)
And when are you paying the wife that £90 million you owe her?
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Total fantasy, SKY cannot dictate how the rules will be applied.
I suspect the hand of Murdoch behind this Sevco to Division one nonsense, particularly the blatant bribe about showing all Sevco away games. Current TV deal expires at end of next season so it wouldn't surprise me in the slightest if SKY have told SPL their re-negotiation involves getting four bigot fests back on the fixture list by then or they walk away.
AUFC and SFL have been tellt this morning that anything other than Sevco being considered on their merits along with any other interested parties for entry to SFL 3 would be unacceptable.
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John Yorkston just confirmed on Radio Scotland what we all suspected. Newco would have got in as there weren't enough clubs against it.
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Aren't the liquidators controlling the incubator doing so on behalf of the creditors at least in theory. There is a suspicion that in this case they may not be serving the creditors interests as well as they might but that's another question.
Essentially The liquidators bundle up the assets into a viable company and sell it off to try and get the creditors some of their money back.
Can anyone tell me how the Oldco can work to reduce the debt when there are no assets left to generate cash? Would this then mean the only cash within the Oldco is from the sale of assets, at probably significantly reduced value? If so, how does this represent value for the creditors?
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In that case I predict p. 742
I'll take page 724 on the Liquidation Lotto.
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Brian McNally @McNallyMirror
Some very good sources indicating the wheels of #Rangers liquidation are in motion & a statement may not be too far away.
Oh God please!!!!!
Oh god, let this be true!!! Wife sent to Tesco for fresh supplies in anticipation of a long day of pishin masel laughing.
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But it wouldn't be spent in hotels, restaurants (well, McDonalds, anyway), etc. It may well not even be spent in Scotland - plenty of Rangers fans travel up from England/Northern Ireland. And there is no guarantee they'd spend it at all, may well just save it up. Either way, that £70million figure that Rangers fans spend as part of football tourism each way would be lost as there would be no football for them to be tourists of.
I work in hotels and the market is such that many Glasgow hotels are reliant upon football income to survive. They are busy when Celtic or Rangers are playing, they are much quieter when they are not. It's not only likely, it's certain, that Rangers liquidation would result in job losses in associated sectors because the football tourists would not come. That would then take further money out of the economy. Rangers football tourism as income to the Scottish economy, were it to disappear, would have knock-on effects that would take such a large figure out of the economy.
But takings may actually go up as more people realise they won't be subjected to the bigoted bile of OF fans and decide to have a night out in Glasgow? I live in England and many people I speak to still have this image of a hard city when they talk about Glasgow. Much of that stems from their perception of Scotland as shown by Sky. I also know plenty of pubs in Scotland who refuse point blank to show any game involving either of the twisted sisters and they are the pubs who thrive at weekends as they go after different target markets. Other clients will fill the void if the marketing is right.
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No 8 I think it was said when I asked the same thing, was that the EBT's were from the Trust and not Rangers.
Re wage deferral tho, does that not make the players creditors inspite of amended contracts?
And if they become creditors, does it push the current HMRC share of the debt below 25% when we reach the end of the deferred period? is this why Haudit and Daudit are stringing this out? How legal would such a move be?
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"STATEMENT FROM THE RANGERS SUPPORTERS ASSEMBLY, SUPPORTERS ASSOCIATION AND SUPPORTERS TRUST "Rangers fans worldwide have been very patient during the the recent difficult period in the hope that we will exit administration and be able to work towards re-establishing our club at the level to which we all aspire. However, the delay in the administrator's announcing the preferred bidder is seriously jeopardising our chances of exiting administration quickly and is forcing us closer to liquidation.
With the proposed SPL rule changes meaning we may not be competing on an equal footing for the next two seasons, it is imperative we have the chance to exit administration with a Company Voluntary Agreement and that has to happen as soon as possible.We demand that the administrators announce the preferred bidder as a matter of urgency. If they fail to do so on Monday 16 April 2012, we demand to be informed precisely why they cannot announce a preferred bidder"
And if the administrators dont give into these "demands" what are they going to do? release another statement
If they had been competing on an equal footing for the last fifteen years we wouldn't need this thread.
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I believe, but someone can correct me if Im wrong, that the transfer/sale of assets to the newco can be arranged and agreed before liquidation actually takes place.
Correct. It's called a pre-pack liquidation. It's what I put my bet on the day they went into administration as it is the only way out, due to the sums involved and likelihood of HMRC rejecting a CVA..
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Creditor Claim (£)
Trade & Expense Creditors 5,544,508
Ticketus (amount of claim to be confirmed) 26,700,000
HM Revenue & Customs – Excluding Big and Small Tax Cases 14,372,042
HM Revenue & Customs – Small Tax Case TBC
HM Revenue & Customs – Big Tax Case TBC
Supporter Debenture Holders 7,736,000
Football Related Creditors 1,063,082
Employees TBC
Total 55,415,632
By my admittedly basic arithmetic HMRC own just under 26% of the debt.without either tax case.
As far as I know they agreed £2.8million for the Small tax case taking the HMRC total to somewhere in the region of £17.1 million. (holy cow!)
That would mean the total debt would need to be somewhere in the region of £69 million for HMRC to have less than 25% of the debt.
Employees TBC would therefore need to be something like £14 million. Anyone know the value of those wages deferrals?
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Coming up tmrw on http://channel4.com/news the state of Glasgow's "succulent lamb" media straight from the horse's mouth.
He's got the wrong end of the horse, surely?
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Some of the Peepul finally waking up to reality on Rangers Media:
"I honestly feel like everyone from the Mhedia to our own owners want us wiped out and I can't get my head round why??"
How long you got fella? Let's start with cheating the public purse and go from there.....
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I'd be very surprised if Ayr don't vote in our favour. Of course, you have the reason above but you also have the fact that they will just about be safe if they get a team with a points penalty in the league.
Ayr will look at this from the point of having spent five years in Division 2 while they sorted out their own financial problems and also from the point that they had a representative on the LMC who made the original decision. I would be very surprised if Ayr even thought about supporting your appeal.
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Mcgruther has stated that Livi will exist regardless of the appeal,but the creditors will get nowt if Livi are in the 3rd division.
So he still thinks blackmail is a reasonable tactic? Unbelievable.
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Big Rangers Administration/Liquidation Thread - All chat here!
in Celtic v Rangers, Rangers v Celtic
Posted
Didnae say I lived there. Only useful for shopping as it's nearest Metropolis. Somehow managed to avoid some of the umm, more charming mining villages around South Yorkshire, like the toilet Chuckie Green hails from. Goldthorpe makes New Cumnock look like Vegas.