ayrmad Posted May 29, 2012 Share Posted May 29, 2012 Here's a picture taken from the main stand. What's that great big stand-like structure on the far side of the pitch? Roddy Grant? 0 Quote Link to comment Share on other sites More sharing options...
Owsley Posted May 29, 2012 Share Posted May 29, 2012 Here's a picture taken from the main stand. What's that great big stand-like structure on the far side of the pitch? Are you honestly saying you don't know the difference between a stand and a covered bit of terracing? 0 Quote Link to comment Share on other sites More sharing options...
Florentine_Pogen Posted May 29, 2012 Share Posted May 29, 2012 (edited) Rangers signed up to the SFA rules saying that the SFA tribunal is the last court of appeal. The FIFA rules don't dictate to national associations that they must allow appeals to COS, only that clubs may not take binding rulings from their association to non-sporting courts.. And by the same token, do the SFA not sign up to FIFA / UEFA Statutes ? Edited May 29, 2012 by Florentine_Pogen 0 Quote Link to comment Share on other sites More sharing options...
Homer Thompson Posted May 29, 2012 Share Posted May 29, 2012 Holiday Pay, arrears of pay and pay in lieu of notice up to a limit of approx £410 a week are preferential. If it is not paid the government pays the employees and take over their preferential claim against the company. As for the CVA proposal, if I were an ordinary creditor, my may question would be why does anyone think that Ibrox, Murray Park the club's other heritable assets shown in the balance sheet at £113m are worth just £4.5m? I am sure McDermid, New St Mirren Park, The Excelsior, Almondvale and others all cost more than that by a large margin. Then as you say, what about Whyte's security? Is it invalid and if so, why? One reason that the CVA produces more for ordinary creditors is that because the heritable assets stay in the same company, as long as they keep paying the mortgage, Rangers will not have to repay the creditors with fixed securities other than as they currently fall due. Fees are ridiculous and there are severe questions about how this admin has been conducted, especially in relation to redundancies which should have been dealt with early on. I just cannot see this coming anywhere close to HMRC's requirements But why the big jump? Would it be that all the employees would be made redundant and so all would have a claim? I get it now I edited my previous reply but in a nutshell he doesn't have to pay this money but if he doesn't he wouldn't be given a cushy arrangement by the administrators and they would be obliged to asset strip to cover running costs and give the creditors more money, devaluing the club. Legally you are right he doesn't have to but I'm sure any payments from Green to be made for running costs during CVA trading will be made before the CVA is concluded. Ah, ok. Fair enough Here's a picture taken from the main stand. What's that great big stand-like structure on the far side of the pitch? Terracing HTH 0 Quote Link to comment Share on other sites More sharing options...
GirondistNYC Posted May 29, 2012 Share Posted May 29, 2012 On a lighter note, Aiden McGeady's transfer fee fom Spartak would almost be enough to secure Rangers assets - history, brand, intellectual property, the Big House, Murray Park and the remaining players based on Duff & Phelps liquidation and NewCo valuations. If anything hammers in how absurd the situation is, it's surely that. 0 Quote Link to comment Share on other sites More sharing options...
Happy Hibee Posted May 29, 2012 Share Posted May 29, 2012 Upheld. Defo. 0 Quote Link to comment Share on other sites More sharing options...
TheBeither Posted May 29, 2012 Share Posted May 29, 2012 Upheld. Defo. Source? 0 Quote Link to comment Share on other sites More sharing options...
ayrmad Posted May 29, 2012 Share Posted May 29, 2012 Are you honestly saying you don't know the difference between a stand and a covered bit of terracing? Give me six lines written by the most honorable of men, and I will find an excuse in them to hang him. 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted May 29, 2012 Share Posted May 29, 2012 On a lighter note, Aiden McGeady's transfer fee fom Spartak would almost be enough to secure Rangers assets - history, brand, intellectual property, the Big House, Murray Park and the remaining players based on Duff & Phelps liquidation and NewCo valuations. If anything hammers in how absurd the situation is, it's surely that. Aiden McGeady is more valuable than Rangers FC. That revelation might tip a few bears over the edge. 0 Quote Link to comment Share on other sites More sharing options...
Jim McLean's Ghost Posted May 29, 2012 Share Posted May 29, 2012 Apologies if I'm a bit late with this but it's a struggle to keep up.... From my reading of the situation, there's currently 3 secured creditors as follows with approximated values, The Scottish Sports Council £505,000 Premier Property Group Limited £103,000 (if their whole debt is secured) Close Leasing Limited £1,560,000 So were talking of in the region of £2.1M being removed from the £5M, leaving under £3m for the unsecured creditors, including HMRC & Ticketus (excluding the uncertain Collyer Bristows court case amount). Ravelin The document is vague on how much secured creditors are owed and what rights they wish to enforce. It doesn't seems like a great amount of money but there is pressure to accept with Green having contracts for the assets at a value where unsecured creditors get nothing. 0 Quote Link to comment Share on other sites More sharing options...
ayrmad Posted May 29, 2012 Share Posted May 29, 2012 Aiden McGeady is more valuable than Rangers FC. That revelation might tip a few bears over the edge. I'm more valuable than Rangers FC. 0 Quote Link to comment Share on other sites More sharing options...
green and white Posted May 29, 2012 Share Posted May 29, 2012 just hurry up and liquidate them 0 Quote Link to comment Share on other sites More sharing options...
Jim McLean's Ghost Posted May 29, 2012 Share Posted May 29, 2012 Upheld. Defo. Any word on SFA rules about appeals to CAS? 0 Quote Link to comment Share on other sites More sharing options...
Hipster Dufus Posted May 29, 2012 Share Posted May 29, 2012 This Death Star employee gives his reaction to Rangers' current plight outside the CoS..... "I can commiserate and feel empathy for the tea ladies and backroom/admin staff at Ibrox. Working at the HQ of an evil empire is unnerving at the best of times." 0 Quote Link to comment Share on other sites More sharing options...
Ross. Posted May 29, 2012 Share Posted May 29, 2012 Can the SFA now punish Rangers for taking it through the Court of Session? 0 Quote Link to comment Share on other sites More sharing options...
ReasonableGeezer Posted May 29, 2012 Share Posted May 29, 2012 My link Upheld 0 Quote Link to comment Share on other sites More sharing options...
Homer Thompson Posted May 29, 2012 Share Posted May 29, 2012 (edited) Rangers have won Edited May 29, 2012 by Mr X 0 Quote Link to comment Share on other sites More sharing options...
Jamie_B Posted May 29, 2012 Share Posted May 29, 2012 Rangers have won their appeal. Referred back to the SFA tribunal. Surely the SFA tribunal should tack on a further disrepute charge for taking them to court and now expel them from the SFA post-haste. 0 Quote Link to comment Share on other sites More sharing options...
Kyle Posted May 29, 2012 Share Posted May 29, 2012 Cara Sulieman saying Rangers have won, and referred back to appeal tribunial... Fireworks ah coming... 0 Quote Link to comment Share on other sites More sharing options...
xbl Posted May 29, 2012 Share Posted May 29, 2012 Twitter has Rangers winning. It goes back to the appeal court: http://twitter.com/#!/carasulieman Time for the SFA to grow balls. 0 Quote Link to comment Share on other sites More sharing options...
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