Jump to content

Big Rangers Administration/Liquidation Thread - All chat here!


Recommended Posts

it's running at a £12m deficit at this point so it's insolvent. the only way it can become solvent is if it cuts costs by £12m or increases turnover by same. when all the players go and are replaced with guys on £3-£4k per week the orcs will be in uproar and will "walk away", that in turn decreases turnover and so it goes on.

THEY'RE FVCKED.:D

If they cut out the hotel bills when they play in Edinburgh it would be a start. I can't be bothered finding the figures, but I think their total expenditure last year was about £90 million? If they cut that by 15% and sustain income(a big ask), they could break even and pay a bit of debt off. Falkirk's had to halve it's budget over the last couple of years, so it's not impossible.

Link to comment
Share on other sites

Chick Young's latest tear jerker on his beloved Rangers !_58420463_chickyoung112.jpgBy Chick YoungBBC Scotland football punditWhat will be the post-mortem result if Rangers don't make it out of administration? I would suggest assisted suicide might be the coroner's verdict.

The financial machinations, the mismanagement and the greed of the club have dragged an institution to the brink of the abyss. Of that, there is no doubt.

At times, the owners of Rangers and sections of their support have shown an arrogance that has those of a different persuasion - and by that I mean followers of every other club in the land - spitting fury.

You will understand then their joy at the revelation that the school bully is on his knees - and their seizing of the opportunity to give him a right good kicking.

They want a lynching. And actually they might succeed, because the victim is now a little frail.

Let's cut to the chase here. The belief that there will always be a Rangers in some shape or form is not now actually justified.

There is a scenario now possible where they could board up Ibrox and leave it to rot as they once left dear old Cathkin Park - home of the late-lamented Third Lanark, another club that died of shame.

_60122979_bedoya.jpgThe new strip worn in their fundraiser against Linfield might not have a team to fill it next season

Rangers are suffocating, trapped in a tunnel where the oxygen is thinning and doors and escape hatches are slamming in their collective faces.

As Duff & Phelps receive their regular wages, everyone else is coughing a little nervously. No, make that wheezing alarmingly.

The prospect of a Company Voluntary Agreement to exit administration was the lifeboat. But it might be too late to call the coastguard now.

The players revert to full wages in Juneand, as of the final home game last week, the income has dried up. HMRC haven't turned up with the tax bill that could kill and owner Craig Whyte has resisted talks with former director Paul Murray and fellow bidder Brian Kennedy to release his grip on the key shares.

As it happens, I still believe that the aforementioned Kennedy remains the most likely salvation. But he has yet to nip into the telephone box and emerge as the caped crusader.

Amid this, supporters of the club have told a would-be owner from the United States that he isn't welcome. I couldn't believe that. If you are drowning, you don't get choosy about whose hand pulls you out the icy deep.

I really cannot see that anything but a "newco" and the embracing of that by the Scottish Premier League is left for the club now.

If only there was another way - relegation to the First Division maybe as punishment for the behaviour. But there is no mechanism for that.

The death of the Ibrox club would toll the bell for the Scottish game. In fact, it may already be too late. It strikes me that too many have little concept of how serious the situation really is.

Those who want Rangers wiped from the face of the planet for their misdemeanours, who want their chairmen to don the black cap when it comes to judgement day, are entitled to their opinion, but they should be prepared to live with the consequences.

Consider this: on a match day when Rangers are at home and Celtic away, far in excess of half the paying customers in the SPL are at Ibrox.

Remind me on what basis you can dispense with half your custom and still thrive and you, my friend, have found the secret of business heaven.

In the meantime, have compassion for 11 good men at the SPL who will stand in judgement of a football club needing mercy. Condemned if they grant it, pilloried if they don't.

Only a game? Aye, right.

Link to comment
Share on other sites

I must have checked a different website:

Interior: wood and stained glass doors to vestibule and RFC floor mosaic. 2 Doric columns and 2 pilasters with disc frieze capitals carry landing. Dark wood panelled walls and simple plaster cornices, stair has wrought-iron and wood banister. Filing cabinets including player double contracts, framed £1 coin display cabinet belonging to Mr. C. Whyte, collection of tear-stained handkerchiefs with 'RFC' embroidery belonging to Mr. C. Young, toys, dummy-tit and pram belonging to Mr. S. Jardine.

Seems none of the above can be touched.

:)

Thinking of the RFC floor mosaic, I wonder what they could 're-brand' that as if they redevelpoed Ibrox as luxury housing.

Requisitioned From Cocks (I had to restrain myself for the last word)

Link to comment
Share on other sites

At £1000 a pop you could make a fair bit selling it as the ultimate Rangers supporters Cemetary Plot...what 'bear' wouldn't wish to buried under the hallowed Ibrox turf they watched their heros play on.

Chance to put Football is my religion to the test.

Link to comment
Share on other sites

Sorry to sound like a broken record, actually no worse than D&P's schtick or the content on Sportsound, but when do we learn about the tax cases?

Surely this must have to be known before the club can be sold?

As a Sportsound sidetrack, I do love the way that Jim Spence says 'ashoom'. 8)

Link to comment
Share on other sites

At £1000 a pop you could make a fair bit selling it as the ultimate Rangers supporters Cemetary Plot...what 'bear' wouldn't wish to buried under the hallowed Ibrox turf they watched their heros play on.

Chance to put Football is my religion to the test.

Like a permanent hibernation? :o

Link to comment
Share on other sites

In nearly 100 episodes - how many people did the A Team actually kill?

I can see that I'll have to do this very gently........Here goes.

The A Team didn't kill anyone because................take a deep breath..............the A Team are not real people; they're just men pretending to be the A Team.

Now don't cry! No tears, now.

It's a bit like Rangers really. They think that they are a world-class football team but they're just........................No! No stop! Here, you can use my hanky........

Edited by Milo
Link to comment
Share on other sites

Hypothetical question here:

When Rangers are liquidated (that's not the hypothetical part, that's a dead cert), what happens if the administrators/liquidators can't find a buyer for Ibrox, and no creditor wants it either? Are the administrators/liquidators stuck with it, and it's resultant upkeep costs?

Link to comment
Share on other sites

Chick Young's latest tear jerker on his beloved Rangers !_58420463_chickyoung112.jpgBy Chick YoungBBC Scotland football punditWhat will be the post-mortem result if Rangers don't make it out of administration? I would suggest assisted suicide might be the coroner's verdict.

The financial machinations, the mismanagement and the greed of the club have dragged an institution to the brink of the abyss. Of that, there is no doubt.

At times, the owners of Rangers and sections of their support have shown an arrogance that has those of a different persuasion - and by that I mean followers of every other club in the land - spitting fury.

You will understand then their joy at the revelation that the school bully is on his knees - and their seizing of the opportunity to give him a right good kicking.

They want a lynching. And actually they might succeed, because the victim is now a little frail.

Let's cut to the chase here. The belief that there will always be a Rangers in some shape or form is not now actually justified.

There is a scenario now possible where they could board up Ibrox and leave it to rot as they once left dear old Cathkin Park - home of the late-lamented Third Lanark, another club that died of shame.

_60122979_bedoya.jpgThe new strip worn in their fundraiser against Linfield might not have a team to fill it next season

Rangers are suffocating, trapped in a tunnel where the oxygen is thinning and doors and escape hatches are slamming in their collective faces.

As Duff & Phelps receive their regular wages, everyone else is coughing a little nervously. No, make that wheezing alarmingly.

The prospect of a Company Voluntary Agreement to exit administration was the lifeboat. But it might be too late to call the coastguard now.

The players revert to full wages in Juneand, as of the final home game last week, the income has dried up. HMRC haven't turned up with the tax bill that could kill and owner Craig Whyte has resisted talks with former director Paul Murray and fellow bidder Brian Kennedy to release his grip on the key shares.

As it happens, I still believe that the aforementioned Kennedy remains the most likely salvation. But he has yet to nip into the telephone box and emerge as the caped crusader.

Amid this, supporters of the club have told a would-be owner from the United States that he isn't welcome. I couldn't believe that. If you are drowning, you don't get choosy about whose hand pulls you out the icy deep.

I really cannot see that anything but a "newco" and the embracing of that by the Scottish Premier League is left for the club now.

If only there was another way - relegation to the First Division maybe as punishment for the behaviour. But there is no mechanism for that.

The death of the Ibrox club would toll the bell for the Scottish game. In fact, it may already be too late. It strikes me that too many have little concept of how serious the situation really is.

Those who want Rangers wiped from the face of the planet for their misdemeanours, who want their chairmen to don the black cap when it comes to judgement day, are entitled to their opinion, but they should be prepared to live with the consequences.

Consider this: on a match day when Rangers are at home and Celtic away, far in excess of half the paying customers in the SPL are at Ibrox.

Remind me on what basis you can dispense with half your custom and still thrive and you, my friend, have found the secret of business heaven.

In the meantime, have compassion for 11 good men at the SPL who will stand in judgement of a football club needing mercy. Condemned if they grant it, pilloried if they don't.

Only a game? Aye, right.

Seriously Chick? how do you relegate a club which has ceased to trade. Which has gone belly up? Gone to join the choir invisible! An ex-club!

300px-DeadParrot.png

Link to comment
Share on other sites

Hypothetical question here:

When Rangers are liquidated (that's not the hypothetical part, that's a dead cert), what happens if the administrators/liquidators can't find a buyer for Ibrox, and no creditor wants it either? Are the administrators/liquidators stuck with it, and it's resultant upkeep costs?

i'll buy it for a fiver.

Link to comment
Share on other sites

Aye and Yankee Bill had the financial resource as well...............................then he saw the real extent of what is going on inside Ibrox and bolted!!

Edited by Sting777
Link to comment
Share on other sites

Chick Young & Jim Traynor with Jim Spence :angry:

They offer nothing. Expect more "this is the tip of the iceberg" and "there is more to learn" soundbites.

They know the sum of fuckall so I don't know why the Beeb insist of having 'em on.

Link to comment
Share on other sites

Nope, these are GENUINE bids. My sources tell me that the 3 people interested are Bill Gates, Richard Branson and the Saudi Royal Family.

These bidders will SLAP IN a £30m bid for the club and will instantly give Ally a £100m transfer WARCHEST to sign superstars like Argentine hitman Gonzalo Higuain, samba star Ramires and boyhood Gers fan Alan Smith.

Can't see the Bears putting up with that. I know Gates wants to give his money to charity but pouring it into one big black hole? Anyway they would never support a club called Glasgow Windows 2012 playing at Microsoft Office Stadium. As for Branson that's a definite no go as they would be known as the "Virgin Soldiers" everywhere they went. And as for the Saudi Royal Family, having to pray towards Mecca before and at half time of every home game and a total ban on the drinking of alcohol would be too much for them. :lol:

Link to comment
Share on other sites

The club's emergency funding runs out in 3 weeks time yet a CVA would take a minimum of 6 weeks to organise (with no guarantee of success). Who finances Rangers in the meantime? If any credit is extended to them, that is more debt for any prospective buyer to pick up....not to mention the administrator's fees.

Does anyone seriously believe the statment from Duff & Phelps tonight saying that the club will be in the hands of a new owner by the weekend? Where have these "buyers" been hiding?

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...