pollymac

I'm guessing he wasn't in Scotland at the time. (haven't read his quote)

He's more a rugby man than football, and by a good distance. He also bought the heavily in debt Stockport County FC and transferred ownership of their ground to his rugby team before handing the football club over to the fans with the debt still intact (but minus a stadium). Then his rugby club started to charge the football club rent. He was sniffing around Edinburgh Rugby (Gunners as they were at the time) several years ago when they were up for sale. And also wanted to bring London Scottish to Edinburgh. I understand he wants to move into Scottish Rugby, possibly with a team from Glasgow who may or not be moving to an Athletics ground in Scotstoun for next season and who, with the right investment and a bit of shrewd running, could make a substantial impact on the European stage. He appears to want to buy an ailing Glasgow football club with, what has to be said, rather excellent facilities, stadium and training centre both, for a very minimal sum of money. I'm not sure if any of the above are dots that can be connected.

Dundee paid off the following players: Paul McHale, Eric Paton, top earner Mickael Antoine-Curier, Colin McMenamin, Scott Fox, Dominic Shimmin, Charlie Grant, Brian Kerr and Njazi Kuqi. As well as the management team. Barry Smith was recalled from his loan at Brechin to take charge of the club. Hardly the same as the current Rangers admin. And that's conveniently forgetting the first time they went into administration when they punted Craig Burley, Ravanelli and Nemsadze as well as half their backroom staff. As well as Livingston in 2004 when they did likewise, punting a handful of players before some others took a pay cut.

Rangers currently have 10 players who have very little or no resale value due to them being out of contract at the end of this season.

Part of that is also consistent with every other team who have entered administration in recent memory. The administrators would (or certainly should) have been aware that the other part, i.e. Europe, would not be an issue.

Uefa FFP rules, tax rules and football (certainly SPL football in light of blatant bawbaggery) not being as glamorous as it was prevents a good portion of them (Joe Lewis, Dave King, David Murray, not paying tax, not paying tax and the NTL deal). I suppose you can always do a merchandising deal with Sportsworld or something.

Absolute pish. HMRC are chasing a number of businesses for poorly administered EBTs - do you think it is in their interest to put out a sign to such businesses that they can simply stiff the tax authorities and then do some cosy deal? No sir, Hector will go for the option that does not prompt businesses to turn drag their heals through the tribunals and insolvency courts.

You're almost correct that you should not release players with a re-sale value (it's more complicated than simply 'with a re-sale value') But can you explain why Papace, Aluko et al, with absolutely no resale value have been retained? These guys are draining money, not from the club, but from the creditors.

Perhaps I should have lengthened my post: It is not an administrators job to simply do what is best for the football team without consideration for the business as a whole and certainly not to the detriment of creditors.

And this is relevant how? It is not an administrators job to do what is best for the football team.

I find this notion quite interesting. It is true that they do indeed, as big as they are and have been, offer a clear and obvious current benefit to the Scottish game. But, and it's a biggy, what would they offer to the Scottish game bereft of the numerous, erm, boosts they have received over the years? What would Rangers have been able to offer the Scottish game had they not received a £40m boost from Joe Lewis' ENIC? What would Rangers have been able to offer the Scottish game had they not received a £20m boost from Dave 'loves the SARS' King? What would Rangers have been able to offer the Scottish game had they not received a £100m boost from David 'duped' Murray? What would Rangers have been able to offer the Scottish game had they not received an £18m boost from JJB Sports*? What would Rangers have been able to offer the Scottish game had they not received a £32m boost from NTL? What would Rangers have been able to offer the Scottish game had they not received a £15m boost inadvertently from Hector the Collector? What would Rangers have been able to offer the Scottish game had they not received a £45m boost from not paying Tax, NIC and social costs on £48m of wages**? Remove any one of those artificial never to be repeated again boosts and you devalue Rangers and by extension their marketability and further what they are worth to everyone else financially. Remove them all, which is what we are talking about here - a NewCo or OldCo will not ever be able to count on any of that financial support again, and what would the current Rangers side be worth to the other clubs? Do you believe that without all of those extra moneys, Rangers would be even close to being the shadow of a side they once were? And would they have as many fans travelling to away grounds? Which again poses the question: what will a new Rangers, without all that money, actually offer the SPL in the future that makes them so bloody indispensable to the the league? *They could kind of count on something like the JJB deal again, however that deal was signed at a time when Rangers were being propped up by many of the other financial boosts, and certainly at the very peak of the EBT usage - could they count on a deal of the same value? **In order to pay the players the same 'take home' pay, they would have had to shell out almost double as gross pay.

The standard can be quite poor at times (not too unlike the SPL), but the expectation level is much lower or rather it's different. Even when compared to SFL games, there's just an almost intangible difference in the experience despite the obvious differences in quality. It's mibbes just about the money

I went that way 10 years ago or so. I think my 'final' straw was when Larsson was handed that huge contract (2002??) - I seem to recall just sitting down and thinking: furfuxake, that'll be another £50 next season. When I questioned the amount the money I spent on my seat I knew the game, for me, had changed. Of course, I still went to games, but more and more it was much less often than I did and I started watching Brechin more and more. Even that became a chore after my second was born and I now take in about three or four senior games each season. The second division's where it's at anyway.

I think essentially what he was saying is that if newco are allowed back into the SPL, they should be allowed in with no penalty whatsoever (mibbes a points deduction, I think he missed that one out). :lol:

What a total f*ckup of a post, even by your standards. The best bit was this: 'this is the first time the league has put forward rule changes to try and handicap an already stricken club' :lol:

Nah. Just get rid of der orkenkind. And then... Clubs who are, say £6m?, in debt could look at their prospective losses over the next two or three years, tot them up and face the task of somehow covering £3m or so of shortfall. Answer? Administration and offer a CVA of 25-50p in the pound. Everybody could do it. It would be f*cking ace.

wrong thread (and forum)

No, no, no and for good measure: no. To answer your numbered points specifically (first): 1. Yes, they will not be allowed into Europe. That will hurt them. Like it hurt them when they had recently performed a debt to equity bailout of £50m and had their arses handed to them by Kaunas. Any guesses as to what they did next? 2. For sure, they won't win the league in those two seasons and most likely beyond - Celtic have a very young team which will be given breathing space to gel further. So Renegers will get 2nd place prize money (see next point) as opposed to 1st. 3. 75% of what? £2m? That probably covers the amount they'll be able to save on interest payments and is about a quarter of the amount they'll save from not being beholden to Ticketus. In essence, they'll be about £6m better off than if they stay in administration. With negligible debt and a license to 'do as you please, SPL pyoor needs you', they could go out and spend tens of millions of pounds this summer, assuming FIFA can't apply a transfer embargo on a newco (which they can't). I've posted in this thread before regarding the numbers Renegers have received from external sources over the years - with a clean slate, what would there be to stop someone doing it again? Their lowest point ever would not and should not ever be considered them taking a slight slap on the wrists, it should* be them liquidated and applying, not for the SPL, but for a space in the SFL, like any other club would. *based on their appeal to the FTTT failing.

I don't like chips. Do you like chips? If you don't, does that mean that we both drive the same kind of car?

Rugby Union? lol

Possibly - it would depend on what the voting for/against a CVA was excluding Rapid. Assuming it's very close, Rapid may well swing a veto. Other than that, they can continue to protest against a CVA after the event to FIFA/Uefa/whoever deals with international transfer regs and get a transfer ban imposed on Der Orkenkind FC

41 non-Renegers clubs

hahahahahahahahahahahahaha By 'the club reached an agreement', you of course mean: the club were found out to have performed tax planning without the law of the land, were caught bang to rights and to prevent further penalties above interest accrued, agreed to pay exactly the amount Hector demanded with no negotiation at all? You seem to continuously confuse 'being within the law' with 'breaking the law, but being far from the actions of some mythological entity'. I commend you on your ignorance. The fact remains: Rangers broke tax laws more than a decade ago - this is not in dispute. Although it was a while back. But wasn't initially when the breach was discovered. But was hidden in the uttermost inception of the scheme. Ooh, there's just so many layers of f*ck people around. And by people, I don't mean The People, more Joe Public et al, although I do concede that The People being shafted is quite amusing.

Well, yes, but in the context of the discussion, it is also clearly different from me ordering a Chinese takeaway. Which is also utterly irrelevant, like your point.

Erm, no. If you're in any doubt, I suggest you review the Administrators document. hint: pay particular attention to the bit about paying taxes dating back to discounted share options in 2001 etc. HTH