huckleberry
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Posts posted by huckleberry
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So does this CVA cover the tax owed in the BTC or just what Whyte trousered?
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@BBCAlLamont: Charles Green: "We are buying this club on Thursday whether Mr King likes it or not."
Boom!
Rangers shareholders are having a meeting right after the CVA meeting. I'll wager HMRC has the liquidators in before Green gets his hands on the club.
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Give me strength!
For the umpteenth time to the umpteenth individual coming out with these "wishful thinking" rumours, where does the money for this takeover come from, never mind the cost of rebranding, paying of redundancies to surplus staff at "certain West Fife club", etc, etc - never mind they cannot run away from the debt even if they do put it in an incubator (all that will buy them is a few months at best?
Well Mr Kennedy has a few quid. Buying Dunfermline is not that expensive compared to buying out Rangers. A few years as Dunfermline Rangers then a move to Glasgow. 12000 every home game and the whole thing becomes more managable.
Greens Rangers wont last if it even happens.
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Raith Rovers?
That'd be in the east of fife surely.
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Rumour has it that a certain west Fife club is up for grabs as the owner is "retiring".
Given the open letter to their fans distancing the board from the chairmans rantings its
fair to say that the chairman, (who is not a Rangers man unlike the owner), wont be an impediment to a
newco takeover.
Makes sense as the stadium is SPL standard and cheaper to run for a few years than costly Ibrox.
Given the level of Rangers support eminating from Fife it could be a shrewd move by the Blue Knights.
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Does anyone believe Green really has a Newco deal with D&P. The sum £5.5m is the same as their bill.
All relative, as he aint going to cough up the £7.5m anyway and the CVA wont be accepted by HMRC.
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So. If HMRC lost that case, could the SFA now propose to adopt that rule into the articles on Wednesday?
No idea. Its a UEFA dictate.
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I must be the only person that still thinks this is going to be a leniant Scottish Cup ban and an unsanctioned newco straight into the SPL. I may have missed something though, why is everyone so convinced they are humped?
Rangers wont exist after Friday as they will have ran out of money.
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HMRC has failed in its attempt to over turn the football creditor rule under which English FA members pay their football debts before any other creditors, the BBC reported on Friday 25 May.
link:
Yes, and UEFA want all football debts paid in full. Its a catch 22 for the Rangers CVA. Pay everyone 3p in the £ and they cant get a license or pay the football debts in full and stuff the rest.
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English FA rule iirc.
HMRC challenged it and lost.
Could be wrong though.
UEFA have stated that all football debts be paid in full. HMRC cant accept a CVA unless all creditors are treated equally.
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Why was he supposed to hand over money? Usually a buyer wouldn't pay out money until a cva is agreed or is it security for the assets if a cva goes tits up.
Not sure exactly. It was in the Daily Mail yesterday. Think it was to provide working capital till the end of the month.
Remember D&P cant use any season ticket money that they might get as that money will have to get returned.
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That's not entirely fair. I see Wonga.com has started doing business loans.
I think it will all go ka-boom this week - players starting to leave, SFA decision, Green might throw in the towel.
Theyve used Wonga aka Ticketus so even that option is oot the windae.
Maybe Prince Albert could sub them a few euros?
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Agreed totally. The last time we saw sh*t stirring of this nature was from Windy Miller's camp right before he legged it.
Not sure sure where I read it over the last few days but Green has only stumped up £200k. No money for wages, no £8.5m in a holding account. So, D & P will have pocketed another couple of weeks of fees, but they are running on empty now.
He was supposed to hand over £2.7m last week but failed to do so. Nobody in their right mind would lend them money after the
ticketus fiasco even Green ! They cant go to the bank for a sub either. Keep saying this but ill say it again. They are goners.
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They are insolvent, they have ziltch money, de nada, hee haw. They cant present their accounts as being signed off.
They cant pay fines. They cant raise working capital. They cant be in the SPL or even the SFL.
They are goners. Green knows that the game's up and is prepping the fans for the inevitable. He's gonna walk away.
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If there are enough sanctioned glamour ties paying the players what they would receive during a normal season and add in the fact these glamour ties exceed what the SPL can offer in competition will you turn down the chance to play against possibly the worlds best players ?.
Ibrox is a 5 star venue and safety is guaranteed by the Strathclyde masonic police lodge
.EDITED TO ADD safe ! as long as McCoist scores a last minute goal again.
Ibrox is in need of an overhaul/repair. Might look shiny on the outside but the inside isnt so bonnie.
Gretna and Livi got back to back championships with expensive seasoned pros. Think the Rangers kids
who are used to nice smooth pitches etc might find some of the 3rd division parks a little challenging.
If the Rangers fans loved the club so much then why was only £500k raised for the RFFF?
Remember Lehman. It was too big to fail but it fail it did.
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Getting out of the lower divisions isnt as easy as it seems. Different style of play especially to "SPL standard" players.
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Do you think the SFA would say no if the gers were to be joining the SPL next season ?.FFS they are already lubing our anuses for a newco next year so why not ?.
The SFA would be making a mockery of their own punishment and FIFA would get involved again.
Pretty sure there are other licenses or permits needed as well like a safety certificate etc.
No self respecting professional player would want to wait a year for a game.
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Sorry they will be playing glamour friendlies against any team that wants to hump them rotten,friendlies are not the mandate of any ruling organization as it's not a competitive match.The gers could charge £40 plus a ticket for Real Madrid under 18's at Ibrox
.Then Real Madrid would be suspended from the Spanish FA.
Who would officiate at these glamour games?
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If suspended for a year that would mean no income and no working capital to keep Ibrox going. Rates, gas, electricity still need paid. Suspension means the end of Rangers. Green wont hang about for his money so his newco scenario wont happen either.
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Whats going to happen when Green walks away?
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Friday, 01 June 2012 21:52
The Rangers Supporters Trust Board is calling on Stewart Regan to resign after he favoured a tweet which threatened Rangers Midfielder Lee McCulloch:
"In the image provided you will see a rival fan post "I might try to find a vid to painstakingly review again...& I'd cheerfully see him hung" in conversation that started off with another fan gleefully state he would like Lee McCulloch sent off where Regan has been tweeted in.
Stewart Regan subsequently hit favourite on this tweet: http://i49.tinypic.com/2v9r7mh.jpg
This is a disgraceful gesture from Stewart Regan which exposes his real attitude towards Rangers Football Club.
It really smacks of incompetence for the SFA Chief Executive to encourage threatening tweets at the same time the authorities are trying to clamp down on threatening behaviour online.
Stewart Regan should be leading by example rather than being a cheer leader for threatening and intimidating behaviour and his position is now untenable.
Rangers supporters' confidence in Stewart Regan has been diminishing for some time given his failure to address the constant singling out of referees in the final third of last season and the obstructive and difficult position he has taken during Rangers current administration process. But this is the last straw and Stewart Regan must pack his bags and go."
Aye really terrible. Think mibbee the RFFF should take the CEO of the SFA to court over this.
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From what i can make out with the BoS stuff if true then not just Rangers but Scottish football is in danger of being finished off.
How can a financial institution be such a heavy creditor to one company that they have to coerce/ "put the squeeze" on others to ensure the debter "wins" enough money to repay them. This surely cant be true.
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Been reading elsewhere about the tie up between SDM and ex BoS directors. If that is all true then the SPL could have been rigged for 20 years at least.
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Was that guy at Dunfermline not the head of the Bank of Scotland at one point? Did the Pars really lie down at Rangers that last game of the season at Ibrox when the 'tic were at Killie? Come tae think o it was their team no full o ex bears?
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Big Rangers Administration/Liquidation Thread - All chat here!
in Celtic v Rangers, Rangers v Celtic
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It totally pointless then. Liquidators in by Thursday.