barrysnotter Posted April 23, 2012 Share Posted April 23, 2012 If I actually gave a flying F*&k about Rangers (the football club) it might be, I don't, so it isn't. I am looking at it purely from a business point of view. Seriously? From a business point of view I'd have to say sterling work was done by Loyds to secure their full wedge. 0 Quote Link to comment Share on other sites More sharing options...
Ric Posted April 23, 2012 Share Posted April 23, 2012 There are going to be an awful lot of annoyed fans when Govan Rangers FC make an appearance in the SPL next season, playing in red white and blue strips, playing at Ibrox, and having no debts and a very limited set of punishments. 0 Quote Link to comment Share on other sites More sharing options...
AND180Y Posted April 23, 2012 Share Posted April 23, 2012 (edited) Seriously? From a business point of view I'd have to say sterling work was done by Loyds to secure their full wedge. If that money had actually come from the club then there could be a claim raised for the preferential treatment of Lloyds, not sure how it pans out, but my thinking would be that if the company (rather than Whyte) owe Ticketus the monies then the preference would be proven and the transaction potentially reversed. This could yet (if they win the FTT or UTT) be a Bobby Ewing moment. Edited April 23, 2012 by AND180Y 0 Quote Link to comment Share on other sites More sharing options...
pozbaird Posted April 23, 2012 Author Share Posted April 23, 2012 This could yet (if they win the FTT or UTT) be a Bobby Ewing moment. More likely a JR Ewing moment. Mind you, all Haudit & Daudit need to do is keep setting their own inimitable brand of 'deadline' and no-one will get to pull the trigger. I think Rangers will be in administration forever. 0 Quote Link to comment Share on other sites More sharing options...
Cutty Old Posted April 23, 2012 Share Posted April 23, 2012 More likely a JR Ewing moment. Mind you, all Haudit & Daudit need to do is keep setting their own inimitable brand of 'deadline' and no-one will get to pull the trigger. I think Rangers will be in administration forever. What I'd really like to know is, when will a deadline be set for deadlines ? 0 Quote Link to comment Share on other sites More sharing options...
Fasda Posted April 23, 2012 Share Posted April 23, 2012 I've nae idea what line of business you're in AND18OY but it's not in the regular world. If this was "business" it would have been done and dusted months ago, it's only because RFC are a football club that this saga continues. Getting out of admin involves either someone taking on the liabilities (and of course the good bits) or agreeing a CVA. Long term admins can work but only if the company is close to dormant i.e. negligible cash out, running costs etc. None of these were ever going to happen with RFC so it's not "business". What RFC and their followers can't get a grip of is that they exist only because they are a football team in the Scottish PL/FL. Apart from the Harlem Globetrotters I can't think of any other viable sports clubs that exist outwith an organised setup? They should be cocentrating on getting to a solution rather than trying to justify all their extremely dubious actions. If it was the management of my team (diddy I accept) who were in this state I and the AFC fan base would be baying for blood, not trying to justify it. CW/SDM/Bloo Knights/ Haudit and Daudit? If it was any other small business (turnover c£60m tops) going bust no one would have heard of them. I suspect I'm wasting my time. 0 Quote Link to comment Share on other sites More sharing options...
AND180Y Posted April 23, 2012 Share Posted April 23, 2012 (edited) I've nae idea what line of business you're in AND18OY but it's not in the regular world. If this was "business" it would have been done and dusted months ago, it's only because RFC are a football club that this saga continues. Getting out of admin involves either someone taking on the liabilities (and of course the good bits) or agreeing a CVA. Long term admins can work but only if the company is close to dormant i.e. negligible cash out, running costs etc. None of these were ever going to happen with RFC so it's not "business". What RFC and their followers can't get a grip of is that they exist only because they are a football team in the Scottish PL/FL. Apart from the Harlem Globetrotters I can't think of any other viable sports clubs that exist outwith an organised setup? They should be cocentrating on getting to a solution rather than trying to justify all their extremely dubious actions. If it was the management of my team (diddy I accept) who were in this state I and the AFC fan base would be baying for blood, not trying to justify it. CW/SDM/Bloo Knights/ Haudit and Daudit? If it was any other small business (turnover c£60m tops) going bust no one would have heard of them. I suspect I'm wasting my time. Given that admin by statute can last a year and can be extended by application to the courts then there really isn't anything out of the ordinary. The administrators have decided that cashflow allows them to trade the company whilst negotiating a sale, happens all the time in real business. One thing the admins positively cannot (by law) is trade at a loss so someone is funding it or the bank account is emptying fast. Edited April 23, 2012 by AND180Y 0 Quote Link to comment Share on other sites More sharing options...
Musketeer Gripweed Posted April 23, 2012 Share Posted April 23, 2012 Given that admin by statue can last a year and can be extended by application to the courts then there really isn't anything out of the ordinary. The administrators have decided that cashflow allows them to trade the company whilst negotiating a sale, happens all the time in real business. One thing the admins positively cannot (by law) is trade at a loss so someone is funding it or the bank account is emptying fast. If the administrators are still at the club in a couple of weeks time will it be up to them to ask the punters for season ticket money for next season? 0 Quote Link to comment Share on other sites More sharing options...
AND180Y Posted April 23, 2012 Share Posted April 23, 2012 If the administrators are still at the club in a couple of weeks time will it be up to them to ask the punters for season ticket money for next season? Yes. 0 Quote Link to comment Share on other sites More sharing options...
Fife Saint Posted April 23, 2012 Share Posted April 23, 2012 No preferred bidder status expected today per BBC and Laurel and Hardy. 0 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted April 23, 2012 Share Posted April 23, 2012 What I'd really like to know is, when will a deadline be set for deadlines ? It's a moving target. A wee bit like Craig Whyte will be if he ever visits Ulster. 0 Quote Link to comment Share on other sites More sharing options...
GordieBoy80 Posted April 23, 2012 Share Posted April 23, 2012 Expanding on the season ticket thing, how many Rangers supporters will be season tickets next season, if this saga is still ongoing ? The way the H&D are running things it probably will be. 0 Quote Link to comment Share on other sites More sharing options...
sergie's no1 fan Posted April 23, 2012 Share Posted April 23, 2012 There are going to be an awful lot of annoyed fans when Govan Rangers FC make an appearance in the SPL next season, playing in red white and blue strips, playing at Ibrox, and having no debts and a very limited set of punishments. If thats the case there will be even more empty seats in SPL stadiums next season! 0 Quote Link to comment Share on other sites More sharing options...
AND180Y Posted April 23, 2012 Share Posted April 23, 2012 No preferred bidder status expected today per BBC and Laurel and Hardy. Duff and Phelps motto; Another day, another few grand for us. 0 Quote Link to comment Share on other sites More sharing options...
Chuckinho Posted April 23, 2012 Share Posted April 23, 2012 If thats the case there will be even more empty seats in SPL stadiums next season! I don't think Rangers really care - makes it easier for them to get a sixth star. 0 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted April 23, 2012 Share Posted April 23, 2012 No preferred bidder status expected today per BBC and Laurel and Hardy. Really........a delay..........I'm astounded by this. Sorry, I'm not very good at sarcasm. 0 Quote Link to comment Share on other sites More sharing options...
the jambo-rocker Posted April 23, 2012 Share Posted April 23, 2012 Really........a delay..........I'm astounded by this. Sorry, I'm not very good at sarcasm. 0 Quote Link to comment Share on other sites More sharing options...
Fasda Posted April 23, 2012 Share Posted April 23, 2012 And now we come to the difference of opinion that will not get resolved on a forum! The administrators are not "negotiating a sale"; there is nobody offering to take on the liabilities (real and potential) as well as the assets. End of. 0 Quote Link to comment Share on other sites More sharing options...
MEADOWXI Posted April 23, 2012 Share Posted April 23, 2012 Loosing track again. I know SPL teams meeting to discuss newco sanctions at end of month, What are the current sanctions if the Admin contiues into a second season - is it more points off. And any date for the release of last weeks SFA verdicts yet. 0 Quote Link to comment Share on other sites More sharing options...
Boghead ranter Posted April 23, 2012 Share Posted April 23, 2012 Given that admin by statue can last a year and can be extended by application to the courts then there really isn't anything out of the ordinary. The administrators have decided that cashflow allows them to trade the company whilst negotiating a sale, happens all the time in real business. One thing the admins positively cannot (by law) is trade at a loss so someone is funding it or the bank account is emptying fast. No wonder things are hardly moving! 0 Quote Link to comment Share on other sites More sharing options...
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