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Big Rangers Administration/Liquidation Thread - All chat here!


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12 hours ago, The DA said:

It's been a while since we've had any good rumours but it's Tuesday and there's a long way to go before we have to start worrying about United going into admin (only happens on a Friday) so, I give you...

Is there an ulterior motive behind the recent boardroom reshuffle at TRIFC/TRFC (https://rangers.co.uk/news/club/company-statement-3/)?  

A number of non-exec directors (Murray, Park and Gilligan) are leaving the club's board and will in future solely be non-exec directors of the holding company.  It would seem that Robertson, Dickson and the new DoF along with Blair as Secretary will form the self-contained board of TRFC.  

A sensible separation between club and company you would think.  Should have happened a long time ago. So why didn't it? Why precisely now?

Far be it from me to start any rumours (mwahahaha!), but is it possible that this separation is to protect Park, Murray and Gilligan from any upcoming admin event at 'the club' and allow them to pick up the reins again, free of any association, once the dust settles and Rang3rs are born?

ETA: Just had a look at PMG's blog and he's reporting it as 'King & co gone following the failure of King's TAB appeal' and TRFC being run by The Three Bears now.  

Too mundane - I prefer my theory.

Rats deserting the sinking ship by removing themselves from the club itself to just being directors on the holding company of the club.

There has always been two companies involved here much like when Minty Moonbeams MIH owned the original RFC PLC, if the club goes into admin then the holding company won't be responsible for the running of the club. They are now putting into place the patsy board of directors for the club itself to take the fall if the club enters any admin event.

This is King and his cronies protecting themselves should the club go into administration. The holding company will be the clubs only creditor in any admin event event and if the assets have to be sold off then guess who gets the money from the sale? The holding company as they are the only creditor basically.

I can't see King letting go of his cash cow though, so there must be some plan taking shape here. Somebody is going to be completely shafted by King & Co at the end of this. Might get really tasty soon with jelly & ice cream back on the menu.

I always thought back in 2013 that the club would run up debt to reach the top tier and then enter admin to rid the club of it's debt when it got there. Only a 10 point deduction and the club will be debt free to carry on as usual but somebody will be paying for it.

Also have the soft loans been converted into shares yet? I would think they have been. The holding company isn't listed any more on the stock exchange so they wouldn't necessarily have to publicly say they have been converted yet and would play a key factor in control if the club goes into an admin event as to who has the leverage and most amount of shares. Also does an admin event affect the tab outcome were King was working in concert with the 3 bears?

One thing is for sure, shit is about to hit the fan at some point, this club cannot continue to run with the losses it has been running up over the past 5 years.

I expect the usual shit replies from the bears, so thanks in advance girls.

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8 minutes ago, hellbhoy said:

Rats deserting the sinking ship by removing themselves from the club itself to just being directors on the holding company of the club.

There has always been two companies involved here much like when Minty Moonbeams MIH owned the original RFC PLC, if the club goes into admin then the holding company won't be responsible for the running of the club. They are now putting into place the patsy board of directors for the club itself to take the fall if the club enters any admin event.

This is King and his cronies protecting themselves should the club go into administration. The holding company will be the clubs only creditor in any admin event event and if the assets have to be sold off then guess who gets the money from the sale? The holding company as they are the only creditor basically.

I can't see King letting go of his cash cow though, so there must be some plan taking shape here. Somebody is going to be completely shafted by King & Co at the end of this. Might get really tasty soon with jelly & ice cream back on the menu.

I always thought back in 2013 that the club would run up debt to reach the top tier and then enter admin to rid the club of it's debt when it got there. Only a 10 point deduction and the club will be debt free to carry on as usual but somebody will be paying for it.

Also have the soft loans been converted into shares yet? I would think they have been. The holding company isn't listed any more on the stock exchange so they wouldn't necessarily have to publicly say they have been converted yet and would play a key factor in control if the club goes into an admin event as to who has the leverage and most amount of shares. Also does an admin event affect the tab outcome were King was working in concert with the 3 bears?

One thing is for sure, shit is about to hit the fan at some point, this club cannot continue to run with the losses it has been running up over the past 5 years.

I expect the usual shit replies from the bears, so thanks in advance girls.

 

IMG_0462.GIF

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14 hours ago, The DA said:

ETA: Just had a look at PMG's blog and he's reporting it as 'King & co gone following the failure of King's TAB appeal' and TRFC being run by The Three Bears now.  

Too mundane - I prefer my theory.

The only thing missing from this pile of dross is the notion that the half year accounts look ok since they didn't factor in the water stolen from the local kirk.

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41 minutes ago, Forever_blueco said:

 

IMG_0462.GIF

 

25 minutes ago, bennett said:

It must be serious, the QC never used any smilies. I'll wait for monkey to review it and read his version of it.

^^^^ This is the reason why their club gets run into the ground, they simply don't care at all. They'd much rather come across as fannies rather than engage in an adult debate about the recent events that might screw them over AGAIN.

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13 minutes ago, hellbhoy said:

 

^^^^ This is the reason why their club gets run into the ground, they simply don't care at all. They'd much rather come across as fannies rather than engage in an adult debate about the recent events that might screw them over AGAIN.

Rangers and Celtic fans can goad each other in here in this specially designated area. Keep it out of the main forum please, nobody else is interested"

 

if you want a serious discussion then i suggest you try elsewhere my learned friend.

 

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13 minutes ago, mps02 said:

https://daviesleftpeg.wordpress.com/2017/03/28/the-k-files-the-truth-is-out-there/

If you can cope with the white text against a blue background, this makes a fair appraisal of King and his contradictions. Take from a post on Ranjursmedia.

That background was brutal by the way, my eyes are still fucked from the contrast. :lol: No point in asking the bears for an opinion because they are still waiting on the billionaire to show up and buy the club and then spunk millions into it.

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2 minutes ago, bennett said:

Rangers and Celtic fans can goad each other in here in this specially designated area. Keep it out of the main forum please, nobody else is interested"

 

if you want a serious discussion then i suggest you try elsewhere my learned friend.

 

When the sub forum was created it was made for matches alone to goad each other on. Since 2012 it has become a place where all things Rangers related can be discussed, but only if you don't support The Rangers that is.

Every other fan of every other club can happily get along and discuss any shenanigans brewing at Ibrox except you and your fellow fans. You especially only post deflective pish and shite when you could actually join in and adultly discuss such matters which affect your club.

You never discuss anything Rangers related in this dedicated forum really, it'd be better if you just don't bother posting in this forum because you never ever have anything of value and substance to add to the debate. Your posting content suggests you'd rather derail and troll posters just because you can and that's all you have to offer really,

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7 minutes ago, hellbhoy said:

Every other fan of every other club can happily get along 

So you're immediately discounting 50% of fans.  This is what 'every other fan' means for those of us who speak English.

See "Every other Saturday" for evidence.

Edited by The_Kincardine
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23 minutes ago, hellbhoy said:

When the sub forum was created it was made for matches alone to goad each other on. Since 2012 it has become a place where all things Rangers related can be discussed, but only if you don't support The Rangers that is.

Every other fan of every other club can happily get along and discuss any shenanigans brewing at Ibrox except you and your fellow fans. You especially only post deflective pish and shite when you could actually join in and adultly discuss such matters which affect your club.

You never discuss anything Rangers related in this dedicated forum really, it'd be better if you just don't bother posting in this forum because you never ever have anything of value and substance to add to the debate. Your posting content suggests you'd rather derail and troll posters just because you can and that's all you have to offer really,

 

Sorry QC but :lol:

 

 

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39 minutes ago, The_Kincardine said:

So you're immediately discounting 50% of fans.  This is what 'every other fan' means for those of us who speak English.

See "Every other Saturday" for evidence.

Are you claiming that Rangers fans amount to 50% of the registered accounts on P&B? Seriously? :lol:

You only have to look at who is posting on this thread for real evidence, so far 3 of them, and all not contributing to the newest revelations coming out of Ibrox.

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1 minute ago, The_Kincardine said:

Not at all.  Your silliest post of the year...and that's saying something.

42 senior clubs of which 41 are not Rangers and you still can't work out what a 50% ratio is ffs?

The term "every other" means exactly to you?

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