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Big Rangers Administration/Liquidation Thread - All chat here!


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Dodds only a fortnight ago said on Sportsound the whole thing is one mans fault Craig Whyte.

I sent in a tweet saying stop talking to the public as if we are all fucking idiots.

My sphincter regularly emanates sounds that are far more interesting than anything that comes out of Billy Dodds mooth. Total clown who needs speech therapy and a bottle of Prozac to calm him down. (Hang on, am I getting confused with Alan Preston ? Ach, f**k it, they're both bawbags....)

Edited by Florentine_Pogen
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Guest Kincardine

The fear factor that the orcs would plunge the central belt into what Northern Ireland was a few decades back and for WHAT ! just a football club we now know has used deceptive methods to gain the upper hand.

You sure can not believe this. Rangers Newco = Belfast in the 70s?

Linking us to new signings is mad. Stating this is beyond madness.

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As soon as Sportsound starts tomorrow at 2 we should all bombard the programme with questions about Billy EBT Dodds. Now if 5 or 10 people do it then it wont be noticed but if they get 100 e-mails or facebook posts they will have to say something.

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Gennaro Gattuso wants to sign for Rangers and has his heart set on it...Simple sign him and when the SFA refuse to register him as he is too old we are going all the way to the European court and challenging the clear prejudice he is facing due to his age. ;)

The SFA really haven't thought this through at all. Looks like another embarrassing climb down by Regan on a par with last years when they banned Lennon.

Look, the world's first living brain donor. blink.gif

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1337985374[/url]' post='6272815']

You sure can not believe this. Rangers Newco = Belfast in the 70s?

Linking us to new signings is mad. Stating this is beyond madness.

The orcs kicked off in Manchester because someone turned off the telly. God helps us when their pecious club dies.

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You sure can not believe this. Rangers Newco = Belfast in the 70s?

Linking us to new signings is mad. Stating this is beyond madness.

I agree to a point but there is an element of the support who would go too far.

No club in the SPL or SFL and they would just lose the plot completely.

Rangers are supported very well meaning there are a lot of expectant fans expecting results in cups or decent Euro run.

I know of a few in Glasgow who have said if ra gers go under we are Timmy bashing coz they will be pointing and laffing,so we'll see who's laffing efter a kicking.

I hope this is not the case but there is the fear factor it may and the authorities know it.

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Craig Whyte profile: The Scots billionaire on the brink of taking over the club he loves

Nov 18 2010 Keith Jackson

Craig Whyte started playing the stock market at the age of 15. By the time he left school he had more than £20,000 in his bank account.

Today, aged just 39, this financial whizzkid from Motherwell stands on the brink of pulling off the biggest deal of his life - and finally bringing the curtain down on one of the longest-running sagas in Scottish football.

Record Sport understands self-made billionaire Whyte has entered into the final stages of negotiations to buy control of the club he loves from Sir David Murray.

And he's still one year younger than captain Davie Weir.

A deal worth around £30million is now believed to have reached such an advanced stage that sources say Whyte, a high-roller who splits his time between a home in London and the idyllic Castle Grant in Grantown-on-Spey, could even have the keys to Ibrox in time to fund a major refurbishment of Walter Smith's top-team squad in January.

The news will delight Rangers supporters who have been fretting over the future of their club ever since Murray first slapped a For Sale sign on the front door of Edmiston Drive around three years ago.

As the club's financial health deteriorated to such an extent the banks moved in to control the purse strings, a series of false dawns came and went.

First, a consortium headed up by South African-based tycoon Dave King came to the fore only to fail to meet Murray's asking price.

Then, in March this year, Londonbased property developer Andrew Ellis emerged as the frontrunner and was granted a period of exclusivity in order to get the deal done.

But Ellis, now part of the consortium, did not have the financial clout to back up his bold promises and his bid collapsed, leaving Rangers firmly in the grip of the Lloyds Group.

Exiled Glaswegian King was then talked up once more as the possible saviour but he was also engaged in a long-running battle with the tax man and while those issues remained unresolved, he too looked l ike an increasingly unlikely white knight for a club now engulfed by crisis.

But yesterday, quite out of the blue, Record Sport learned a new man is at the table and that a deal to end Murray's 22-year reign is ready to be completed.

And that man is a relative boy.

By the age of 26, Whyte was already Scot land's youngest self-made millionaire. Now, 13 years on, and in charge of a vast business empire, his wealth is off the radar.

Whyte is a venture capitalist who has made his millions from playing the markets - a skill he secret ly began honing in his third year at Glasgow's Kelvinside Academy. In one of his few interviews he revealed how he immediately regretted going to the private school - because he despised playing rugby.

He said: "I hated the discipline of it. It was a rugby-only school, which I didn't play as I was interested in football.'' Whyte worked weekends for his dad's plant hire firm. And he saved up his wages to fund his habit of gambling on Stock Exchange.

It is said that, by the time he left school, he had more cash in his bank than many of his teachers.

At 19, he was in charge of his own hire plant.

Now he owns his own castle - one of the most historic buildings in Scotland. And very soon he could be adding Rangers to his portfolio. It remains to be seen if Whyte's move to capture the club will f lush any other parties out of the woodwork because - despite their failure to strike a deal with Murray - King and his consortium have yet to throw in the towel on their own ambitions.

They had put together a package worth around £18m but this was flatly rejected and Ellis drove the price up when he agreed to pay Murray more than £30m.

The club's debt has been reduced by around £10m since then but the selling price remains the same.

Now, quite clearly, Whyte believes he will be able to close the deal and the young gun must have said enough to impress Murray, who has stated all along that he will only sell the club to the right people - men with enough money to take the club forward.

Who knows? Murray may even regard Whyte as something of a kindred spirit.

After all, Murray was himself aged just 37 back in 1988 when he launched a takeover of the Ibrox club.

It was the beginning of one of the most successful periods in Rangers' history but Murray's aggressive pursuit of European glory eventually saw him writing the kind of cheques that his club could simply not afford.

Now Whyte is bringing his money to the table but it remains to be seen if he will adopt the same scatter-cash approach as the man who has owned the club for the past two decades.

But if he brings in even half of the number of trophies Murray delivered then the fans are unlikely to be complaining.

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As soon as Sportsound starts tomorrow at 2 we should all bombard the programme with questions about Billy EBT Dodds. Now if 5 or 10 people do it then it wont be noticed but if they get 100 e-mails or facebook posts they will have to say something.

Eh so billy you got a big fat l :rolleyes: an when do you pay that back? Wits that ? Never! Hmmm :)

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As soon as Sportsound starts tomorrow at 2 we should all bombard the programme with questions about Billy EBT Dodds. Now if 5 or 10 people do it then it wont be noticed but if they get 100 e-mails or facebook posts they will have to say something.

or bombard them with texts on 80295

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Craig Whyte: I'm looking forward to making Rangers a leading force in football

May 7 2011 James Traynor

CRAIG WHYTE will breeze into Ibrox today as Rangers' new owner.

The Motherwell-born "turnaround" specialist finally got his hands on the Ibrox club at 5.30pm last night.

And he immediately promised Rangers fans a new era of success.

Speaking for the first time since it was revealed last November that he wanted to buy the club, Whyte said: "As a Rangers supporter I now look forward to helping the club secure its future as a leading force in Scottish and European football.

"I know the club has gone through some difficult spells in recent times but it is my commitment to the manager, his backroom team, the players and, most importantly, the loyal supporters that I'll do all I can to ensure further success in the weeks, months and years to come.

"Rangers is a great club with a great future. It has the best supporters in the world and I will do everything possible to protect and enhance the club's standing going forward."

Despite the saga the change over was actually completed abruptly last night, perhaps even prematurely.

One of the many people who had been working on the £52.5m deal yesterday pressed the wrong button on a keyboard and the statement to the Stock Exchange zipped to London by mistake.

However, the deal had been completed and the announcement was delivered only a few hours ahead of schedule.

No harm was done but it was perhaps a timely reminder that Whyte will have to work quickly to form a new board of directors and the squad, even though he takes over as Rangers are poised to win a third straight SPL title.

Whyte has already made one appointment - businessman Phil Betts, also a turnaround specialist, who joined the Ibrox board last night. Whyte just wants to get his sleeves rolled up and work out with McCoist exactly how much is needed to bolster a Rangers squad which has been cut to the bare bones.

Aware that the patience of the club's support has been tested to the limit he went out of his way to thank the fans and Rangers staff for their patience during the past six months.

"The guiding principle from the outset has been to get the right deal for Rangers," he said.

"I know the time this has taken has created a lot of frustration but it was vital we secured a deal that meant we could maximise investment in the team and that is what has been achieved."

In the statement released to the Stock Exchange last night it was confirmed that Wavetower, a company owned by Whyte, had completed the purchase of Murray International Holding's shares and that was when the takeover, which started in November last year, was finally over.

David Murray, who has reigned at Ibrox since November 1988, met with 40-year-old Whyte for a few hours yesterday morning and they signed off their paperwork on the deal with Murray agreeing to give up his 83 per cent shareholding for nothing. Or, to be absolutely precise, £1.

Whyte had reached agreement with Lloyds Bank to clear the club's £18m debt and a smaller debt of just more than £4m will also be paid. That should return the lease of the Albion Car Park to the club.

Whyte has promised to spend £5m on players at the start of every season for the next five years but he has also made it clear he will allow McCoist to splash between £10m and £15m this close season because the first-team squad had to be run drastically run down as the bank enforced cutbacks.

The statement sent to the Stock Exchange read: "Wavetower is pleased to announce that it has today acquired 92,842,388 ordinary shares, representing approximately 85.3 per cent of the issued share capital in The Rangers Football Club PLC (the "Club"), for a consideration of £1."

Many questions remain unanswered about Whyte who has managed to fly under the radar for most of his business life so far.

It seems remarkable that a man who has been described as a "ghost" by some financial analysts is now the owner of one of the biggest clubs in Britain.

Whyte, at the age of 26, was Scotland's youngest self-made millionaire and now a venture capitalist he moves between homes in Monaco, London and Castle Grant near Granton-on-Spey.

He has spent more than £5m restoring the ancient castle but he'll have to spend much more than that to keep Rangers on top.

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