Desert Nomad Posted June 14, 2012 Share Posted June 14, 2012 Decent article on WSC by a Rangers* supporter click une 14 ~ Tuesday's news that HMRC would reject and therefore kill the pence-in-the-pound proposal from Rangers' administrators reached me around noon; 12pm on 12/06/12 is a fittingly poetic time of death for The Rangers Football Club plc. The club will now be liquidated. One of the richest histories in world football will be wiped out. Punters and pundits have already moved seamlessly into debating what happens with the inevitable newco Rangers. In what tier will it be allowed to re-enter Scottish football? Businessmen are claiming the history can be transferred like any other asset. There has been no pause to acknowledge the biggest club death in British football. For Rangers fans this is the nadir of months of existential angsting. What exactly constitutes the club you love? For some, liquidation is a mere technicality. For others, it is the end. After months of uncertainty, the endgame was swift. Two weeks ago the administrators announced their best plan to save Rangers. It was never very convincing but it was at least a clear strategy, notionally workable and out there. Having been in limbo since mid-February, Rangers fans were desperate for any sign of progress. Creditors were asked to accept between eight and nine pence in the pound, amid promises of their loyalty being returned when Rangers were back on their feet. The latest consortium trying to buy the Ibrox assets will, despite their media protestations, regard yesterday's rejection of that Company Voluntary Arrangement (CVA) as the beginning of their true business model. Such is the debt at Ibrox, starting again from scratch was always the best option for any new owner. Charles Green was previously involved, badly, at Sheffield United. When he appeared at Rangers' last game of last season, wearing a club tie and using the first person plural pronoun whenever a microphone was in the vicinity, he seemed as shady as every potential saviour of late. However, Green's bid was the type one always hoped could save the day. It came in late, apparently from nowhere, without any hoop-la and with a cartel of "private" investors behind it. Green's enigmatic list of overseas backers is as questionable as his own business past but he claimed to have placed £8.5 million into a Rangers pot of working cash now totalling £10.5m (less than we paid for Tore Andre Flo 12 years ago). From that, a sum of £4.9m would be offered to creditors currently estimated to be owed £55m, including the likes of HMRC, St Etienne, Arsenal, a local newsagent and a face-painting artist. The CVA required the agreement of creditors totalling 75% of the debt. Revenue & Customs are owed 39% of the total (a total which does not include the £70m potentially owed by Rangers in the ongoing tax case that set the wheels of destruction in motion). On Monday they met the administrators and rejected the CVA. Green and the administrators claimed surprise. Yet HMRC have a stated policy of pursuing liquidation where companies have abused the tax system as Rangers have over the last year. All this as the long-awaited season ticket renewal forms hit doormats across Scotland. The covering letter, from Green, was sickening in its attempts to blackmail Rangers fans with their own history. Worse still was the inclusion of a ballot paper on re-naming the (Sir David) Murray Park training facility. The late great Davie Cooper's name was prostituted for PR designed to obtain first instalment payments for who-knows-who for god-knows-what before the end of this month. Among Rangers fans, the blame game will last the rest of our lives. Today it is inconsequential. As is the new company being set up by Green, or whoever may yet choose to outbid him. The only blame that counts today is that Rangers have not paid their taxes. This is "our" fault, as much as any trophy win was "our" achievement. We are to blame and HMRC are exercising their moral and legal right to punish us. The club I have loved for 35 years, from age seven, is dead. A world record 54 league titles is consigned to the waste bin of history along with 33 Scottish FA and 27 Scottish League Cups, one European Cup-Winners' Cup win and three other European finals. Many in Scotland, including most Rangers fans, will hope all that has been unsavoury about Rangers down the years will also die today but the newco, I'm afraid, is there to carry that on into what will be either the most toxic or most disinterested atmosphere the Scottish top flight has ever known. All sides are looking to avenge something or other. No change there then. If the new Rangers are allowed straight back into the SPL, as sponsors and rival chairmen initially wanted, then half the existing Rangers support will abandon the game before one single Celtic, Aberdeen or Kilmarnock punter. Watching a new Rangers would become inevitable for many. Same colours, same stadium, same friends in the stands. What else are we going to do. But if that new club started any higher than the third division of the SFL then, instead of a rebirth, we are watching a dead body having an electric current passed through it. If we're "starting again" then start at the bottom as any new football club would have to. Otherwise it's a zombie club, a tribute act – just one big class reunion. Like so many Rangers fans, I love all aspects of the game. I have innumerable anorak lists to tick off which see me frequenting plenty of non-Rangers club games each season, in Scotland, England and abroad. But when I attend a German third division match, a friendly at Selhurst Park or a Junior Cup tie in Aberdeenshire, it's the life-long commitment to and love of my own club that lets me know I'm no tourist, that on some level I'm welcome. It lets me understand fully the emotions going on among other fans. The Rangers of 1872 were my ticket in. Now one of the largest supports on the planet is locked out, wondering what the hell to do. Alex Anderson 0 Quote Link to comment Share on other sites More sharing options...
No8. Posted June 14, 2012 Share Posted June 14, 2012 No chance. There is no way the valuable players will transfer to the newco as TUPE clearly states that they have a choice. Put it this way, if McGregor, Naismith et al are advised by their agents (as I'm sure they have been) that they can either transfer across and the newco recoups a transfer fee OR they can consider their registrations null and void and get a huge signing on fee from somewhere else, what do you think they'll do? Oh I forgot, they don't do walking away. Keep clutching at those straws though! I am not expecting the top players to be sold for millions. Did i say that? If i did it was a slip of the keyboard...I mean we will bring in quite a bit from selling what is left of our squad. I am sure some will transfer over and we obviously we wont be able to afford their wages so will sell them and replace them with lower league players. Whatever way it turns out i am sure we will make a sizable profit in the transfer market over the next 2 transfer windows 0 Quote Link to comment Share on other sites More sharing options...
uni Posted June 14, 2012 Share Posted June 14, 2012 Delighted that Aberdeen will vote no. I thought we would be strongly in the yes camp as well! Smashing! 0 Quote Link to comment Share on other sites More sharing options...
Tio Pepe Posted June 14, 2012 Share Posted June 14, 2012 As someone else posted, its simple supply and demand. Rangers have been up for sale for years and in administration since February. If someone was going to pay more for Ibrox, Murray park etc then, H&Ds argument is, they would have done so by now. I don't think that's relevant. Previously they would be buying a football club and all that entails. Now they would be buying assets. Presumably land and buildings, fixtures and fittings and chattels. I believe there is a significant chance these items would achieve a collective sales value in excess of £5.5m. 0 Quote Link to comment Share on other sites More sharing options...
realmadrid Posted June 14, 2012 Share Posted June 14, 2012 Here you go! What we all need to know is "Who is The Big Hoose man"?, we demand transparency on this. Someone must know him. I was going to post someone must have worked with him but that's maybe going too far. 0 Quote Link to comment Share on other sites More sharing options...
7-2 Posted June 14, 2012 Share Posted June 14, 2012 Can't believe McCoist would be stupid enough to walk away before he was pushed if those are the straightforward options. Massive climb down and surely bang goes any credibility he had with the blue bigots. Surely waiting and being pushed would only add to his 'legend' and wouldn't harm any career he has left in the outside world under the circumstances. 0 Quote Link to comment Share on other sites More sharing options...
Florentine_Pogen Posted June 14, 2012 Share Posted June 14, 2012 According to "another" site, the former trading name of the H*ns was "The Rangers Football Club PLC". It is being suggested that the new name proposed by Hughie is almost identical to the old name and will therefore be rejected by Companies House and HMRC. Yet another fvck-up by Captain Green and the Mysterons ? 0 Quote Link to comment Share on other sites More sharing options...
Forever Diamond Posted June 14, 2012 Share Posted June 14, 2012 Listening to Radio 5 live just now they say that Green and McCoist had words last night.He still wants McCoist to remain in charge of the newco,but as of yet Sally has not came back with his version of the events. Seems to me that Green does want rid of McCoist,but will do everything to make it look like Sally has walked away.Also remember saying a long while back in the thread that i was wondering if they knew something we didn't in promoting the new strip which no longer had the 5 stars on it.Still stick by this,as Green has confirmed the new name they are looking to use is...wait for it.......Rangers Football Club.So the strip they promoted is perfect. 0 Quote Link to comment Share on other sites More sharing options...
monrovianmonk Posted June 14, 2012 Share Posted June 14, 2012 Whatever way it turns out i am sure we will make a sizable profit in the transfer market over the next 2 transfer windows I will rephrase this for you: Whatever way it turns out i am sure Green will make a sizable profit in the transfer market over the next 2 transfer windows 0 Quote Link to comment Share on other sites More sharing options...
ayrmad Posted June 14, 2012 Share Posted June 14, 2012 Decent article on WSC by a Rangers* supporter click une 14 ~ Tuesday's news that HMRC would reject and therefore kill the pence-in-the-pound proposal from Rangers' administrators reached me around noon; 12pm on 12/06/12 is a fittingly poetic time of death for The Rangers Football Club plc. The club will now be liquidated. One of the richest histories in world football will be wiped out. Punters and pundits have already moved seamlessly into debating what happens with the inevitable newco Rangers. In what tier will it be allowed to re-enter Scottish football? Businessmen are claiming the history can be transferred like any other asset. There has been no pause to acknowledge the biggest club death in British football. For Rangers fans this is the nadir of months of existential angsting. What exactly constitutes the club you love? For some, liquidation is a mere technicality. For others, it is the end. After months of uncertainty, the endgame was swift. Two weeks ago the administrators announced their best plan to save Rangers. It was never very convincing but it was at least a clear strategy, notionally workable and out there. Having been in limbo since mid-February, Rangers fans were desperate for any sign of progress. Creditors were asked to accept between eight and nine pence in the pound, amid promises of their loyalty being returned when Rangers were back on their feet. The latest consortium trying to buy the Ibrox assets will, despite their media protestations, regard yesterday's rejection of that Company Voluntary Arrangement (CVA) as the beginning of their true business model. Such is the debt at Ibrox, starting again from scratch was always the best option for any new owner. Charles Green was previously involved, badly, at Sheffield United. When he appeared at Rangers' last game of last season, wearing a club tie and using the first person plural pronoun whenever a microphone was in the vicinity, he seemed as shady as every potential saviour of late. However, Green's bid was the type one always hoped could save the day. It came in late, apparently from nowhere, without any hoop-la and with a cartel of "private" investors behind it. Green's enigmatic list of overseas backers is as questionable as his own business past but he claimed to have placed £8.5 million into a Rangers pot of working cash now totalling £10.5m (less than we paid for Tore Andre Flo 12 years ago). From that, a sum of £4.9m would be offered to creditors currently estimated to be owed £55m, including the likes of HMRC, St Etienne, Arsenal, a local newsagent and a face-painting artist. The CVA required the agreement of creditors totalling 75% of the debt. Revenue & Customs are owed 39% of the total (a total which does not include the £70m potentially owed by Rangers in the ongoing tax case that set the wheels of destruction in motion). On Monday they met the administrators and rejected the CVA. Green and the administrators claimed surprise. Yet HMRC have a stated policy of pursuing liquidation where companies have abused the tax system as Rangers have over the last year. All this as the long-awaited season ticket renewal forms hit doormats across Scotland. The covering letter, from Green, was sickening in its attempts to blackmail Rangers fans with their own history. Worse still was the inclusion of a ballot paper on re-naming the (Sir David) Murray Park training facility. The late great Davie Cooper's name was prostituted for PR designed to obtain first instalment payments for who-knows-who for god-knows-what before the end of this month. Among Rangers fans, the blame game will last the rest of our lives. Today it is inconsequential. As is the new company being set up by Green, or whoever may yet choose to outbid him. The only blame that counts today is that Rangers have not paid their taxes. This is "our" fault, as much as any trophy win was "our" achievement. We are to blame and HMRC are exercising their moral and legal right to punish us. The club I have loved for 35 years, from age seven, is dead. A world record 54 league titles is consigned to the waste bin of history along with 33 Scottish FA and 27 Scottish League Cups, one European Cup-Winners' Cup win and three other European finals. Many in Scotland, including most Rangers fans, will hope all that has been unsavoury about Rangers down the years will also die today but the newco, I'm afraid, is there to carry that on into what will be either the most toxic or most disinterested atmosphere the Scottish top flight has ever known. All sides are looking to avenge something or other. No change there then. If the new Rangers are allowed straight back into the SPL, as sponsors and rival chairmen initially wanted, then half the existing Rangers support will abandon the game before one single Celtic, Aberdeen or Kilmarnock punter. Watching a new Rangers would become inevitable for many. Same colours, same stadium, same friends in the stands. What else are we going to do. But if that new club started any higher than the third division of the SFL then, instead of a rebirth, we are watching a dead body having an electric current passed through it. If we're "starting again" then start at the bottom as any new football club would have to. Otherwise it's a zombie club, a tribute act – just one big class reunion. Like so many Rangers fans, I love all aspects of the game. I have innumerable anorak lists to tick off which see me frequenting plenty of non-Rangers club games each season, in Scotland, England and abroad. But when I attend a German third division match, a friendly at Selhurst Park or a Junior Cup tie in Aberdeenshire, it's the life-long commitment to and love of my own club that lets me know I'm no tourist, that on some level I'm welcome. It lets me understand fully the emotions going on among other fans. The Rangers of 1872 were my ticket in. Now one of the largest supports on the planet is locked out, wondering what the hell to do. Alex Anderson That's a lot better than decent IMHO. 0 Quote Link to comment Share on other sites More sharing options...
knapdarloch Posted June 14, 2012 Share Posted June 14, 2012 Say no to Newco. Let's hope they get their wish. 0 Quote Link to comment Share on other sites More sharing options...
monrovianmonk Posted June 14, 2012 Share Posted June 14, 2012 According to "another" site, the former trading name of the H*ns was "The Rangers Football Club PLC". It is being suggested that the new name proposed by Hughie is almost identical to the old name and will therefore be rejected by Companies House and HMRC. Yet another fvck-up by Captain Green and the Mysterons ? BBC (i think) guy on twitter said there could be simultaneous name changes, oldco changes name then newco changes name. 0 Quote Link to comment Share on other sites More sharing options...
Guest Posted June 14, 2012 Share Posted June 14, 2012 According to "another" site, the former trading name of the H*ns was "The Rangers Football Club PLC". It is being suggested that the new name proposed by Hughie is almost identical to the old name and will therefore be rejected by Companies House and HMRC. Yet another fvck-up by Captain Green and the Mysterons ? You are correct, sir. SC004276 - THE RANGERS FOOTBALL CLUB P.L.C. http://wck2.companieshouse.gov.uk/5ade7d1a0d470e08595392673bb9c595/companysearch?disp=1&frfsh=1339670649result Try again, Charlie 0 Quote Link to comment Share on other sites More sharing options...
Jagsman411971 Posted June 14, 2012 Share Posted June 14, 2012 What we all need to know is "Who is The Big Hoose man"?, we demand transparency on this. Someone must know him. I was going to post someone must have worked with him but that's maybe going too far. I dont know him personally, but, as I stated in another post, I've just found out he stays round the corner from me. From what I am led to believe, he enjoys spending his days, and his DLA, in one of the local turf accountants. 0 Quote Link to comment Share on other sites More sharing options...
Liam. Posted June 14, 2012 Share Posted June 14, 2012 According to "another" site, the former trading name of the H*ns was "The Rangers Football Club PLC". It is being suggested that the new name proposed by Hughie is almost identical to the old name and will therefore be rejected by Companies House and HMRC. Yet another fvck-up by Captain Green and the Mysterons ? It is. http://wck2.companieshouse.gov.uk/1886a5fefb8546a2e0e62c82df173e3b/compdetails 0 Quote Link to comment Share on other sites More sharing options...
The Wee Scot Posted June 14, 2012 Share Posted June 14, 2012 Thank f***. Agree, numpty! 0 Quote Link to comment Share on other sites More sharing options...
Hedgecutter Posted June 14, 2012 Share Posted June 14, 2012 (edited) I know this thread is far from being closed. But can we all assume this will take it's rightful place in the Gold Forum? Just a couple of days ago there was rejoicing at getting to a 1690th page. We'll be at 1790 by this afternoon at this rate! Almost certain that 1872 will also be reached and if it carries on long enough to reach 2012, we'll have completed the game. Edited June 14, 2012 by Hedgecutter 0 Quote Link to comment Share on other sites More sharing options...
stonedsailor Posted June 14, 2012 Share Posted June 14, 2012 You are correct, sir. SC004276 - THE RANGERS FOOTBALL CLUB P.L.C. (deceased) http://wck2.companieshouse.gov.uk/5ade7d1a0d470e08595392673bb9c595/companysearch?disp=1&frfsh=1339670649result Try again, Charlie Updated. 0 Quote Link to comment Share on other sites More sharing options...
Happy Buddie Posted June 14, 2012 Share Posted June 14, 2012 I don't think that's relevant. Previously they would be buying a football club and all that entails. Now they would be buying assets. Presumably land and buildings, fixtures and fittings and chattels. I believe there is a significant chance these items would achieve a collective sales value in excess of £5.5m. No, anyone could have bought it as a football club for £5.5 million and closed it down. Then been left with the fixed assets. (Ok, you wouldn't live long, not near Govan anyway) Which they would have done what? with. MP's land is owned by the Cooncil, I believe, and a good bit of Ibrox is listed, so developing it as something else would be a raisky punt at making a profit. Let's look at it as something simpler. I'm selling a BMW 750, on the back seat is Catriona Shearer wearing nothing but a smile. How much would you pay for the package? The steering is dodgy, there's a rattle from the rear, the engine is making a funny noise, and the exhaust is farting like The Big Hoose Guy after a vindaloo and sixteen pints of Carling. OK, you offer me £50k, until you discover that Cat disnae need to go home with you, in fact she's wearing an engagement ring. Now what's the deal worth? The problems might be minor, but would you take the chance? It could cost £50k to fix. See the analogy? 0 Quote Link to comment Share on other sites More sharing options...
Macshimmy Posted June 14, 2012 Share Posted June 14, 2012 Say no to Newco. Let's hope they get their wish. What does the bottom one say... "Rangers fans say no to Li...." 0 Quote Link to comment Share on other sites More sharing options...
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