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Big Rangers Administration/Liquidation Thread - All chat here!


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Alasdair Lamont@BBCAlLamont If clubs don't pay taxman on time there'll be a transfer embargo

Very good,the innocent diddies suffering short term cashflow problems will get hammered while the biggest cheats in Scottish footballing history get their boaby sucked rotten.

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What's this about the cash from Green being A LOAN to Rangers FC?

He wants to acquire the club with cash that he will take back at a later date. If his CVA is agreed, he will basically have got the club for a steal.

That aint right.

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Very good,the innocent diddies suffering short term cashflow problems will get hammered while the biggest cheats in Scottish footballing history get their boaby sucked rotten.

Depends if it's relevant to the amount/time unpaid.

We haven't seen the details yet. The transfer embargo may be relevant to the monies with-held, it could be only until the full monies are paid, or it could be a set in stone timescale for every missed payment.

Edited by Spain
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SPL board meeting now re dual contracts investigation. Update later possibly.

DVD player on..

Then questions

"so Neil, your team learned nothing in three months and Mark Daly had all that?"

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Alasdair Lamont@BBCAlLamontI asked Neil Doncaster if Charles Green was casting Rangers' votes today. He said combination of Green, admin and Andrew Dickson, head of ..

Why????? he doesnt own Rankeersmad.gif

If he is an appointed representative of the club, I imagine that would mean he was free to help. Most of the guys involved in the voting don't own the clubs either.

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No point in holding the vote while there is still a Rangers around, because any reform vote would lose (by winning 10-2). But by the AGM, there may not be a Rangers, which would allow the "diddies" to win 10-1 or 11-1 depending on the circumstances.

This. The one vote I'm happy for them to delay till the time's right, even if it's a theoretical time gap during a transfer of the share between the Oldco and Newco..

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Dunno if as cut and dried as that. He's got a controlling interest to sell on.

Oh, completely. I merely said it was nice to see. Even if it's lip service it's a lot better to palette than Danny's comments about needing Rangers.

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My understanding is that the new co vote failed. It has also now been approved that 8-4 vote to allow a

new co in rather than the board. If the SPL had voted through new co punishment then that would

be it. Rangers would get entry to the SPL as a newco with the punishments. In fact

any club could do a newco if a member of the SPL and get through.

As the vote has not gone through if a rangers new co applies then they will need at least 8 clubs

to side with them or they are down to 3rd division.

This seems positive to me. They could not get 8 clubs to agree to allowing any newco in

the SPL even with the punishments.

Would be funny if quite a few clubs have changed there mind based on rangers

taking the SFA to court.

People overall seem certain they will get the 8 votes if newco comes to pass I am

not so sure.

Many on this forum have commented that no club would vote against rangers

being allowed back in. If this is true then why did they not vote through

the new co punishment today. That would be it done agreed.

If they had agreed the punishments today new co was in , it was over.

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1338380053[/url]' post='6287126']

What's this about the cash from Green being A LOAN to Rangers FC?

He wants to acquire the club with cash that he will take back at a later date. If his CVA is agreed, he will basically have got the club for a steal.

That aint right.

Well, he'll be putting more money in than TBK or Whyte and it will be very much at risk. By structuring the purchase as a loan, however, he can take a security interest / floating charge over Ibrox and other assets. That means that if they get the CVA and subsequently go bust again he can recover some of the cash by being first in line for the proceeds of sale.

By the way, since it keeps cropping up, the BTC amounts ARE included in the CVA. If it goes through, HMRC can't come back and try and extract cash after the judgement - the CVA specifically makes creditors wait until the BTC is resolved to get paid.

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My understanding is that the new co vote failed. It has also now been approved that 8-4 vote to allow a

new co in rather than the board. If the SPL had voted through new co punishment then that would

be it. Rangers would get entry to the SPL as a newco with the punishments. In fact

any club could do a newco if a member of the SPL and get through.

As the vote has not gone through if a rangers new co applies then they will need at least 8 clubs

to side with them or they are down to 3rd division.

This seems positive to me. They could not get 8 clubs to agree to allowing any newco in

the SPL even with the punishments.

Would be funny if quite a few clubs have changed there mind based on rangers

taking the SFA to court.

People overall seem certain they will get the 8 votes if newco comes to pass I am

not so sure.

Many on this forum have commented that no club would vote against rangers

being allowed back in. If this is true then why did they not vote through

the new co punishment today. That would be it done agreed.

If they had agreed the punishments today new co was in , it was over.

Because they will want to agree every newco on their merits.

Big club = hi you're most welcome.

Wee club = fcuk off you insignificant bawbags.

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Well, he'll be putting more money in than TBK or Whyte and it will be very much at risk. By structuring the purchase as a loan, however, he can take a security interest / floating charge over Ibrox and other assets. That means that if they get the CVA and subsequently go bust again he can recover some of the cash by being first in line for the proceeds of sale.

How would that work with Whyte's existing floating charges?

By the way, since it keeps cropping up, the BTC amounts ARE included in the CVA. If it goes through, HMRC can't come back and try and extract cash after the judgement - the CVA specifically makes creditors wait until the BTC is resolved to get paid.

Hmm, a strange structure to that CVA, assuming its accepted.

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