betting competition
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Ticketus arent creditors
Going with their statement they are one of the creditors
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Really? Or the bank pressured Murray into selling?
maybe as Murray was guarantee the rangers debt but his companies was struggling at the time so maybe was pushed by bank to sell although only 3% of MIH. Whyte obviously could have guarantee the debt so used ticketus.
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From the BBC's Matt Slater on Twitter:
" #RFC administrators get court order to seize £3.6m currently in bank account of Craig Whyte's lawyers, chasing another £5m too".
@mattslaterbbc
£5m will be his management fee's i reckon which they will try and get back.
Murray was so desperate to sell Rangers due to tax case that he known that he was selling to this dodgy person with a history.
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Eh no, if the club is liquidated then the administrators have no role: there is no 'club' to save if your theory comes to pass. As soon as the club is liquidated, the administrators basically divvy up the assets between creditors and exit stage left.
The administrators are meant to be acting in the best interests of creditors. This means that Rangers' assets should be sold and divvied up between them, as there is little chance of a takeover or a credible CVA going through before they get hit with the tax bill.
Yes that is obvious so maybe didn't understand what i was getting at but there is money in there accounts to keep them going to the end of the season if they take drastic action like they are going today.
Although if they lose the big tax case this month then obviously they won't make the end of the season.
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It would be interesting to hear their reasoning for taking so long to try and mitigate costs. If i was a creditor i would be asking why nothing has been done as yet. Surely HMRC cant be too chuffed either?
I suppose when they was looking at the books that Craig Whyte has hidden a fair number of things that has taken time to sort out including his management fee's lol.
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Rangers have banned 700+ supporters for Sectarian / Offensive behaviour. I am not sure what number of those are season ticket holders but it would be a sizable amount.
Rangers do operate zero tolerance when it comes to this kind of behaviour and have been doing so for a number of years.
You know what is the funny thing is that its not a minority that is bigots its a majority but fans of Rangers and Celtic do not realise that they are bigots.
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What do you mean by 'the club' though? The club as an institution is liquidated in this plan. It is currently being run by administrators, and Craig Whyte is in hiding in Monaco, having nothing to do with it.
I don't see where the leadership for this is coming from within the existing club. If it comes from a fans group or a fabled 'Blue Knight', then they have to put in a lot more ground-work, and aren't guaranteed to pull everyone in the same direction. That's before the question of assets and where they'd play on Day 1 is brought up.
Sorry I did mean Administrators and not the club, its means they have time for someone to save the club and its also better for the club as if they survive to end of the season and if they do go into liquidation then there is a possibility of staying in SPL as a new club ie Rangers 2012.
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What 'Rangers' would this be? I don't see why it's a fait accompli that a fully, ahem, reformed phoenix club will be built. Who leads it? Who forms its board? How does it deal with issues such as stadium ownership?
Any Rangers 2012 would have a lot of ground-work to cover before they could even approach SPL clubs with a potential deal, with no guarantee of success if it requires a super-majority (10-1?) vote.
Administrator will try and get a buyer or consortium of businessmen to try and help save the club before the end of the season but the chances of that happening is very minimal going with debt and the big tax case. I can only see them going into liquidation once the fixtures are finished.
Then it makes sense for the club to do that so it has a chance of creating another company and try and get SFA/SPL to get them in the SPL again and then the new Rangers group will point to Dunfermline as an example that the league needs them with TV deals etc being changed.
It would be really funny if they went into liquidation before the end of the season as i reckon they would have to start in Scottish 3rd division.
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Looks like Rangers are away to pay off quite a lot of the players to survive to the end of the season and then go into liquidation once the fixtures are finished. The players that should get paid off will not get a penny but will try and take them to court and by that Rangers will be into liquidation.
Its pretty obvious that Rangers are trying to keep the SFA licence till the end of the season so they can do a deal with SPL clubs before the start of next season.
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I caught wee bits of the stuff on Radio Scotland last night where the panel (particularly Dodds) were bleating on about the impact of losing Rangers from the SPL.
They absolutely understood that supporters would see a more competitive and exciting league. "But what about the money" they kept saying. "It's all very well having more excitement but you wouldn't get the tv money". In the midst of this line of thinking you could be forgiven for thinking that people who buy their season tickets do so because they want to watch the tv money rather than their team playing in a league that isn't carved up.
I'm left asking the question - what additional quality does the tv money bring to the majority of teams in the SPL. How many overpaid, useless articles are lumbering about the place? Our international team isn't going to win big anytime soon. Our club sides are becoming less likely to win big anytime soon. Because on both counts, we simply cannot compete with our near neighbours.
The impact on our game beyond its domestic borders will be very limited. We are not performing in that arena anyway. So there must be an argument that if we can make the domestic league more competitive for 36 games a year then that is worth the sacrfice of a few quid.
Sod the television people and sod accountants. We'd probably be better off starting again with clubs reliant on finding and using Scottish young players instead of has-beens and second raters from beyond these shores.
Radio Scotland coverage has been pretty poor but i thought they would have better people than Traynor, Young or Dodds which 2 and maybe 3 of them are rangers fans. We need better balanced views than what the BBC has been putting out the last week.
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This, I imagine, is the scenario the rest of the league dreads.
If they apply to transfer their league share, and it is as believed a Board issue, it can be carried by just CEO Neil Doncaster, Chairman Ralph, and 1 other club. This avoids clubs alienating their fans but would see calls for clubs to "do something" - and would render an already unpopular Doncaster a new degree of general revulsion.
If it goes to a vote of clubs, you've got chairman having to 'balance' placating fan anger v massive financial loss.
I know quite a few businessmen that are threatening withdrawing their business to Aberdeen FC if the SPL clubs let them back in. I've seen a few business people already sent emails to Aberdeen football club. Rangers to get back into SPL will need a 11-1 vote so i think it looks unlikely they will get back in. All clubs will have to cut cloth accordingly - we have had to do it when we lost TV deal previous and we have to do it again.
The way the media are going on about saving them regardless is just terrible. The bottom line is Rangers have cheated for years from the late 80's to now and they should be punished to the max.
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Chill out man, there's loads of time before they die. Lie back and enjoy the ride, we don't want everything coming out at once. I want this death to last for at least the three weeks leave I have left.
I think the administrators will try and get them to the end of the season if possible. They need some businessman or men to have £100 million to sort the club out and thats if Whyte is willing to sell to them for a bit of money. If that is impossible then i would expect them to go into liquidation.
Then the questions on how SPL will accommodate them - if that happens and they get back in then i will be telling my club to forgot about getting money from me.
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I see Portsmouth have made 30 redundancies after 5 days of administration and I seem to recall that the axe fell pretty swiftly in previous admins (anyone remember how long for Livi, Dundee etc?). I don't wish the sack on anyone but how have Rangers made it this far without laying anybody off?
I sure someone mentioned on radio scotland that it could be friday.
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murray's shareholding cost £1 to buy. i don't think the ticketus money was required for that.
paying off lloyds and refinancing with ticketus is a seperate matter.
Murray obviously had a guarantee on the Lloyds debt while Whyte couldn't do that so he had to go through ticketus. Be interesting to see what Whytes management fee's he's been taking from the club.
No person in their right minds would want to buy rangers at the moment with that ticketus deal. Liquidation is starting to looks more and more likely now.
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As i said i think i'll listen to the qualified people instead of some no mark like yourself on an internet forum.
You have to remember that Whyte appointed these qualified people and not HMRC lot. It would be a completely different press conference if HMRC got their qualified people in. In fact if HMRC got in they would have went over the accounts like a fine-tooth comb - so maybe just as well for Rangers fans they didn't get in.
What i don't understand is how rangers could dodge Tax payments for so long while every other business would be in trouble after 2 months of dodging paying tax. Find that strange from HMRC.
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incredile that serena williams has went from having a pulmonary embolism to winning tennis tournaments in a matter of months.
there is definitely more to her 'abscence' than meets the eye.
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Big Rangers Administration/Liquidation Thread - All chat here!
in Celtic v Rangers, Rangers v Celtic
Posted
http://www.scotsman.com/sport/football/spl/in_full_ticketus_statement_on_rangers_administration_1_2147937
Ticketus are really worried though.