Big Rangers Administration/Liquidation Thread - All chat here!

[ayrmad]

LOLOLOL - I was having a laugh with my old boy last night about who they could possibly wheel-out next to tell us we HAD to put Cevco in the 1st..............they sure blindsided our ideas with Theo Paphitis

I can see for tomorrow's Sun we're gonna have to think really out-the-box.............."Keith Harris & Orville insist any diddy plan plan to put the mighty Gers in the Third Division would mean the end of Western Civilisation"

It's usually Deborah Meaden that follows Theo, we'll get Duncan or James Caan backing Thommo up.

[sjc]

I was going to suggest Spit the Dog, then remembered that he is a terrier....

Rod Hull & Emu ? sorry.....their too busy fixing the aerial

[Squirrelhumper]

They aren't banned from Europe, they simply don't meet requirements. Hardly a punishment.

[Galabankie]

http://www.thescottishsun.co.uk/scotsol/homepage/sport/4424393/Rangers-on-the-road-to-nowhere.html

Annan Athletic's stance remains Div 3 or nowhere

[Drooper]

Rod Hull & Emu ? sorry.....their too busy fixing the aerial

Were they worried about losing SKY too?

[ayrmad]

Without beoing pedantic I'd say these were Rangers punishments:

a) a 10 point deduction;

b) banned from Europe for three years;

c) fined £160,000;

d) a transfer embargo; and

e) refused membership of the SPL.

a) and b) were in the rule book;

c) I think is being paid in installments;

d) was illegally applied by the governing bodies; and

e) has been applied.

It's ok, I'll be pedantic, Oldco lost 10 points that didn't lose them a finishing position in the league, nowt has happened to Newco except getting a wee helping hand from everyone, now fcuk off back to the juniors 'til you can see the wood.

[Huistrinho]

Lecture today to the diddy clubs from Henry McLeish. http://www.scotsman....delay-1-2406423

This bit caught my eye:

“I congratulate supporters for putting integrity and good governance of the game to the top of the agenda. The fans have done a good job, but it’s now time for them to join us in 
addressing the other issues in Scottish football.”

Delivered like a true politician. Oh... wait....

[sjc]

New Sun Propoganda: They're not listening to our journos or ex-players...lets try to use somebody off the TV to tow the line, surely they'll believe that?

Utter Utter desperation by the Sun there !

"star of show ... Paphitis has lots of experience in business world"

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aye, but that didn't stop him completely fucking it up at Millwall eh ?!

[Baxter Parp]

Without beoing pedantic I'd say these were Rangers punishments:

a) a 10 point deduction;

b) banned from Europe for three years;

c) fined £160,000;

d) a transfer embargo; and

e) refused membership of the SPL.

a) and b) were in the rule book;

c) I think is being paid in installments;

d) was illegally applied by the governing bodies; and

e) has been applied.

I'd hate to see you being pedantic.

[ayrmad]

http://www.thescotti...to-nowhere.html

Annan Athletic's stance remains Div 3 or nowhere

37 seconds in

Edited July 12, 2012 by ayrmad

[Boghead ranter]

The Quo.

When did they liquidate and reform?

[Steve McQueen]

Without beoing pedantic I'd say these were Rangers punishments:

a) a 10 point deduction;

b) banned from Europe for three years;

c) fined £160,000;

d) a transfer embargo; and

e) refused membership of the SPL.

a) and b) were in the rule book;

c) I think is being paid in installments;

d) was illegally applied by the governing bodies; and

e) has been applied.

b) isn't a punishment, Rangers aren't in Europe because they went out of business. Any new club need 3 years before getting a license.

[Baxter Parp]

Cheating bankers, businessmen and football clubs: "Let's move on"

Presumably so that they can do it all over again.

[Broccoli Dog]

Without beoing pedantic I'd say these were Rangers punishments:

a) a 10 point deduction;

b) banned from Europe for three years;

c) fined £160,000;

d) a transfer embargo; and

e) refused membership of the SPL.

a) and b) were in the rule book;

c) I think is being paid in installments;

d) was illegally applied by the governing bodies; and

e) has been applied.

a) This is a rule which Rangers in the past voted for and happens automatically to clubs in administration. (It should be higher IMO)

b) Not a punishment, failed to meet UEFA rules on accounts.

c) Irrelevant, never paid, never will be paid.

d) Token punishment because the SPL shat it about kicking Rangers out, Rangers could not afford to sign anyone and weren't allowed to sign anyone due to administration.

e) Rangers weren't refused membership of the SPL, the club was LIQUIDATED.

[Broccoli Dog]

They say the Devil strikes when the furnace is hot and in the midst of the burning sun Giovanni Di Stefano better known as the Devil’s Advocate made his move on acquiring what remains of the corporate shell The Rangers football club PLC after the buzzards had taken all the meat.

:lol:

http://ireport.cnn.com/docs/DOC-814074

[cowden0]

Without beoing pedantic I'd say these were Rangers punishments:

a) a 10 point deduction;

b) banned from Europe for three years;

c) fined £160,000;

d) a transfer embargo; and

e) refused membership of the SPL.

a) and b) were in the rule book;

c) I think is being paid in installments;

d) was illegally applied by the governing bodies; and

e) has been applied.

Pollock eh more like bollock.

Wrong in so many things one of which is rangers were not refused membership of spl. They died on the operating table. Sorry for your loss. I can recommend a good bereavement counsellor if you wish.

[Benjamin_Nevis]

Without beoing pedantic I'd say these were Rangers punishments:

a) a 10 point deduction;

Ineffectual, as you were never catching Celtic, and never finishing behind Motherwell anyway. However this still remains the only actual punishment you've received for going into administation.

b) banned from Europe for three years;

Wrong. You don't meet UEFA's entry requirements. It's not a punishment.

c) fined £160,000;

An irrelevance as it disappeared into the OldCo's debt black hole.

d) a transfer embargo; and

Overturned as you pointed out, and also applied to the OldCo, so not relevant.

e) refused membership of the SPL.

Sevco5088 are a new club, applied to get straight into the SPL, and quite rightly were denied this. Definitely not a punishment.

So, in effect the only apparent and applicable punishment was a 10 point deduction, which i believe was the standard points penalty applied by the SPL, presumably voted on, and agreed by Rangers at the time of it's adoption to the constitution.

Being rejected on Friday by the SFL won't be a punishment either. It will simply be a decision based on Sevco5088 not meeting the necessary criteria to satisfy the League. Remember, at the moment you've shifted less than a few hundred season tickets, have about 5 first team players and no evidence of working capital to keep the club going. Were it not for the SFA trying to drive a fucking bus through the application procedure for your new club, i'd have to doubt whether or not you even meet the criteria for SFL at any level, given that you'll struggle to survive in Division Three.

The bottom line in all of this, is that if OldCo or NewCo Rangers had shown even the slightest bit of humility in this process, instead of throwing tantrums, and blaming/threatening everyone else, you'd probably have probably been in the SPL next season.

[Happy Buddie]

I suggest you stop reading that Rangers propaganda in the Daily Record and read this instead.

What If There’s No Santa?

“If Santa knows that you’re being bad, you’ll not get any presents on Christmas Day.”

Were any of us not subjected to that threat at some point in our childhood?

What a brilliant way to keep someone in line! Invent a myth, keep repeating it until you convince your weans that it’s true and then use it to manipulate them according to your wishes. As a child, I sometimes wondered about the logistics of this remarkable operation. We all did. The whole world? In one night? Presents for every single well-behaved child? All carried on one sleigh? Seriously?

It seemed that something didn’t quite add up here but wherever I looked, everyone confirmed the reality of Santa. Parents, relatives, neighbours, teachers, random strangers all had their stories straight. Television programmes and adverts, grottos in department stores, pictures on billboards, songs on the radio, each provided further evidence that nobody except me had even noticed any of the inherent inconsistencies about this extraordinary person and his work.

Why don’t all the starving children in Africa ask for enough food to keep them alive? If his elves are making all these toys themselves, how come they look exactly the same as the ones in the shops? What’s the point of the shops trying to sell Air-fix Lancaster bomber model kits or Subbuteo sets if everyone can get one for nothing? It didn’t make sense.

On the other hand, I had a suspicion that it might be unwise to express too much scepticism. It might even cost me a train set.

By all accounts, only people who actually believed in Santa got presents from him. It finally came to the point when I not only knew beyond reasonable doubt that Santa must be a myth; I also realised that I had been surrounded by liars for years. But no sooner had I become cognisant of the Great Deception than the liars invited me to join their conspiracy. There were younger siblings and cousins who had to remain deceived and it wouldn’t do for me to blow the whistle. I calculated that by publicly maintaining the pretence that I believed in Santa, I might be able to raise the stakes for next Christmas. It was to be a red bicycle or else.

(At this point I must apologise to any readers who hadn’t yet heard the bad news that there is no Santa. If it’s any consolation, Graham Speirs knew this three weeks ago before anyone else although he didn’t bother to write about it. In any case, in a few months time the Daily Record will claim that it was the first to break the story.)

As with the Santa myth, so with the Rangers myths. One of the recurring myths is that Rangers are a financial powerhouse, an economic engine which supplies Scottish football with huge revenues upon which almost every club is almost totally reliant. According to myth, even Celtic need Rangers.

Celtic have long since grown up and don’t believe in Rangers so they have dismissed that myth. Many other clubs, however, are holding out for a red bicycle. Some will settle for a train set. So long as they are compliant and believe in Rangers, they’ll get something for nothing in defiance of all logic.

Over the course of the last decade, the mighty Rangers economic powerhouse ran itself into the ground. If the tax authorities know anything about taxes – and it seems to me to be a reasonable starting assumption that they know quite a lot – we can go on to assume that when Rangers crashed into oblivion, the hole they were in was about £140 million deep. In truth it is even deeper.

On top of the money owed to hundreds of creditors there are previous matters to consider. In 2004, the mythical billionaire Minty Moonbeams reportedly squirted a £51.4 million pound “injection” into Rangers simmering accounts after a rights issue was formulated to reduce the club’s then £73.9 million debt. In truth, the attempt to raise capital was a catastrophic failure and Murray MHL Limited, which had underwritten the share issue, was obliged to take the hit. In effect, all that happened was that some paperwork was signed so that a £50 million debt to HBOS was shifted sideways from one basket case Murray business in Ibrox to another, even worse one in Edinburgh.

The debt was never paid back before HBOS croaked. It was subsequently picked up by the tax-payer as part of Gordon Brown’s £37 billion rescue package to maintain the lifestyles of corrupt, fraudulent banksters and their cronies. We’re now getting close to £200 million of Rangers damage to other parties. But say nothing. There might be a red bicycle in it for you.

Meanwhile, despite running up the longest series of consecutive 0-3 defeats in the history of football, Rangers were awarded the championship titles on five occasions during this period, thus enabling the SPL to divert millions of pounds of prize money away from the rightful league winners and into the colossal overdraft of the mythical economic powerhouse. The SFA, hoping for a red bicycle, duly notified UEFA that Rangers would represent Scotland in the Champions league in the following season. Tens of millions of pounds worth of prize money would never reach the club which had really earned that place by playing the game according to the rules.

Five seasons of SPL and Champions League prize money take the damage up to the quarter of a billion pound mark. Yet the economic powerhouse still went bust.

There have been other substantial cash investments from dubious sources. Dave King still faces hundreds of charges of fraud, tax evasion and money-laundering in South Africa on an industrial scale. At the last count, I made it 322 charges in all. The money laundering activities relate to drugs-running operations, illegal arms deals, child pornography and a host of other unwholesome activities. Fortunately for Rangers, £25 million of the proceeds of those disgusting enterprises found its way into Dick Advocat’s warchest. Red bicycles for everyone who sees no connection.

In 1992, Joe Lewis made his fortune by launching an all out attack on the UK’s currency reserves which cost the nation a minimum of £3.4 billion pounds on Black Wednesday. To balance up the damage done to the economy, Lewis dribbled £40 million into Ibrox economic powerhouse. Red bicycles for everyone who believes forty million pounds minus three point four billion pounds equals a positive balance. No need to show your working; just believe.

And on and on and on.

Just over a year ago, Chief Constable of Strathclyde Police Stephen House was so convinced by the magnitude of Rangers’ contribution to society that he dominated the news headlines for days with his calls for ‘Old Firm’ games to be played behind closed doors or even banned altogether. Police Federation Spokesman, Les Gray, repeatedly rammed home a similar message that the country could no longer afford to bear the financial cost to the police, A&E, ambulance services and so on.

Ignore all that and collect your red bicycle on Christmas Day.

* * * * * * * * * * * * * * * * * * * * * * * * * * * * *

A slight digression:

There are different methods which can be employed to control a system. Those who want to direct the behaviour of others have a number of options which range from reasoned, enlightened consensus to brutal, violent oppression. In practice, most systems are operated along the lines of one of the other options in between these extremes. The best and most efficient way for human beings to prosper together is within a co-operative, consensual group which is founded on mutual trust and respect. This has been demonstrated and proved in countless studies yet the notion is regularly undermined and dismissed.

It’s important to recognise that this co-operative model struggles to gain acceptance purely because we live in a society that is dominated by a Psychopathic Control Grid (PCG). The PCG embraces government, banking and financial systems, the military, corporate industry, the media, the advertising industry and the education system. It is utterly dependent upon its ability to control, manipulate and exploit the rest of us. To this end, it creates myths which require us to suspend our critical faculties in order to accept them.

It is clearly not in the self-interest of the type of parasites who hold positions of power within the Psychopathic Control Grid to encourage us to believe that we don’t need them. They prefer to promulgate myths such as the Survival Of The Fittest, create unnecessary confrontations and frighten us with imaginary threats from which they will “protect” us by restricting our options. The fact still remains that we are all better off when we are co-operating with each other instead of allowing ourselves to be exploited by abusers. But a smokescreen of misinformation and distortion of the true picture creates uncertainty and confusion. The Roman occupation can continue indefinitely for as long as the People’s Front of Judea argue with the Judean People’s Front, the Judean Popular People’s Front, the Campaign for a Free Galilee, and the Popular Front of Judea.

A fundamental, practical weakness of a tyrannical approach, backed by brute force, is that it is hopelessly inefficient. The overwhelming majority of those involved in such a system understand that they are being mercilessly exploited but even those who expect to emerge as winners ultimately find that their own position is insecure and constantly under threat. They are constantly running up the down escalator just to maintain position and know that will be swept back to the bottom if they ever ease up. Nevertheless, this inhuman Babylonian model is still the one which comes most naturally to a psychopath. It’s in widespread use, whether in the context of an abusive family unit, a Mafia-style organisation or an entire Police State.

In the most successful and more sophisticated variations of the model, people’s sense of their own worth is chronically undermined by a relentless tide of psychological assaults designed to rob them of confidence, security and perception. This approach reduces the need for the controllers to resort to outright physical oppression. Words themselves lose their meaning; a peace-keeping force consists almost entirely of trained warriors who are armed to the teeth; austerity measures require tens of millions of pounds to be paid to the people who collapsed the economy; rebels and insurgents are people who are trying to kick occupying forces from distant continents out of their homelands; and sporting integrity is a system whereby the biggest cheats in the history of British football are effectively given a guarantee that they will win their next league campaign, even if the rule book has to be scrapped to make it happen. There is such an overwhelming, never-ending bombardment of lies, deceits and affronts to decency that it becomes harder and harder for anyone to stand up confidently, point to the truth and say, “There it is!”

* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * *

Regardless of all that, here is the truth.

The SFL and SFA, amongst others, have dedicated themselves to the perpetuation of the Rangers Myth.

They worship at the shrine of a fake god which they have created themselves. They warn of dire consequences if puny mortals fail to venerate this mighty deity. They sacrifice honour, justice and honesty at the altar of their idol. They glorify their god through acts of bare-faced hypocrisy, blatant match-fixing and stinking corruption.

For red bicycles and Santa, read SPL money and television.

For Rudolf defying the laws of aerodynamics, read Rangers defying the fundamentals of economics.

Just as Santa could only complete his night’s work by travelling faster than the speed of light, contrary to every principle of physics, so Zombie **** can only compete in Scottish football if every inconvenient rule is deliberately broken and every sporting principle is ignored.

To those who staunchly, defiantly believe in Rangers, despite all the evidence, this is as straightforward as believing in Santa Claus.

They just have to ignore the overwhelming proofs that what they want to believe cannot possibly be true. They’ll see one club recklessly spending everyone else’s money and they’ll call it generating revenue. They’ll see tax evasion, fraud and cheating but they’ll call it financial might, vision and dignity. They must wilfully ignore that even when the now-defunct club was at its most successful it still sucked far more money out of society than it put in.

They are determined to perpetuate the myth of Rangers for the sake of a red bicycle.

But the facts are laid bare for all to see. Zombie ****, and Rangers before them, are no more a linchpin of a successful, solvent, sustainable Scottish football set-up than a letter to Santa is a solution to the banking crisis.

http://henryclarson.wordpress.com/

So, all these brazillions of pounds that RFC put into Scottish football over the years are the real cause of their demise. They've been so generous to the rest of Scottish football, that they've ignored their own financial well-being and put themselves into debt, admin and finally liquidation just to benefit the diddys. If that's so, and the New Rangers have a different business plan to run on a sustainable basis, we're going to be even worse off, cos they'll be keeping all the money to themselves, rather than being the munificent benefactor that Old Rangers were before their death. We didnae even get anything oot the will, other than threats and the promise of financial armageddon.

[old school]

Hearts to receive lions share of the 900 grand the zombies are due for finishing second...pay remaining amount of Wallace fee...

[Huistrinho]

The bottom line in all of this, is that if OldCo or NewCo Rangers had shown even the slightest bit of humility in this process, instead of throwing tantrums, and blaming/threatening everyone else, you'd probably have probably been in the SPL next season.

All the points you make about "punishments" are good ones, but this last part is a revisionist view of how many observers looked on (and you only need to examine the early pages of this thread to see it). Any attempt to shoehorn the newco into the SPL, even if McCoist came out and said, "sorry guys, our bad", would have been resisted by fans.

There's no way at all the newco would or should have been admitted to the SPL, even with a massive dose of humility - and this is fair, just, and entirely correct.

Edited July 12, 2012 by Huistrinho