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Big Rangers Administration/Liquidation Thread - All chat here!


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Coming to car boot sale near you....

rfc-trophyroom.jpg

They'll probably get a few bob for the St Etienne bike. Come on Duffers do your job and get it selt!

I think there was someone on general nonsense looking for a new bike. Maybe a deal could be struck.

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So in reality, Craig Whtye hasn't appointed a 'tame' administrator like everyone feared when he beat the HMRC to the court ruling, he's appointed an administrator that is just as big a pair of crooks as he is.

Rangers are being shafted by Duff and Duffer to the tune of £57k a week, no doubt about that. Absolutely hung out of. All the while they are still spewing cash from every pore and this pair of shysters won't even cut a single cost!

It's a dramatic turn of events that HMRC, the very people who might well force Rangers out of business, could be the only ones to do them a favour now by stepping in and demanding an administrator of their own choosing that will at least make this company solvent again in the short term.

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Wee question, that is part joke part genuine...

Anyone buying Rangers right now wanting to save the company from liquidation would pretty much have to be willing to write off the best part of £60m plus, BTC dependent. No businessman in his right mind would be willing to write off an investment of that size given 100% prior knowledge that there would be no return on it, it is completely written off.

I doubt anyone would want to buy The Rangers FC plc... currently heavily indebted, and with a tax case cloud hanging over its head.

Someone may want to buy certain assets from The Rangers FC plc, e.g. assets which make-up core parts of a football club...

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To the shock of no-one the media goes mental with the Europe story and ignores the interesting part of the statement..

Well, surely this is the earliest a Scottish club has ever been knocked out of Europe? Before the clocks have gone forward and the hot cross buns put away.

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I doubt anyone would want to buy The Rangers FC plc... currently heavily indebted, and with a tax case cloud hanging over its head.

Someone may want to buy certain assets from The Rangers FC plc, e.g. assets which make-up core parts of a football club...

Like troglodyte fans?

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The administrators have come across likes a couple of guys who had been given the keys to a flat and asked to look after the place as best as they could, making sure nothing useful got broken.

All the while, word's got out on Facebook that some cunts got an empty, and a lot of bams have come around and wrecked the joint beyond all repair.

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Rangers need to make cuts of £1,000,000 a month to keep going.

That is £250,000 a week in wages.

Lets say Broadfoot is on some kind of scary wage such as 8k a week.

They need to get rid of 31 Broadfoots.

Should be no problem for D&P what the panic.

It would be interesting if someone could come up with a way of them making £1,000,000 of

cuts without cutting all high earners and even the players who have sell on value.

Another point is the staff would then become creditors and have to agree to a CVA like

Billy Dodds did not.

This is a point ignored by many people in the press. If the average length of the staff contracts

is say 2 years.

Then rangers would have £24 millions worth of new creditors.

Which all adds up to a CVA not being possible.

Edited by RotWeissEssen
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Are the administrators serious when they say they don't want to lose first team players because it will put off potential buyers? :blink: I think the fact that the club are racked with debt and have a potential £50 million tax liability might be slightly more off putting, I doubt losing a few players worth a few hundred thousand pounds is really going to matter. I can just imagine the thought process - 'aye, Rangers were quite an attractive business proposition, but now they've released Steven Davis and Kirk Broadfoot it's just not worth it, I'm out'.

Spot on

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Lets say Broadfoot is on some kind of scary wage such as 8k a week.

By my reckoning, there are 16 weeks between now and the opening of the next transfer window. For it to be worth keeping someone on £8,000 a week, they'd have to sell for at least £128,000.

Is anyone going to pay a financially stricken club that much for a diddy like Broadfoot? I'd be surprised.

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