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Big Rangers Administration/Liquidation Thread - All chat here!


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"We need to get bodies in and bodies in of quality"

But wasn't Ally telling everyone that his young players were stars and that it was time for them to shine? Whilst only a couple of weeks later he was saying that the guys he had brought in were quality players that had played in the likes of Serie A, SPL, etc.

Truth of the matter is that SevCo HAVE to get out of that league this season. Fans now seeing it isn't going to be as easy as they all imagined.

Green will sack Ally as soon as he hears the fans calling for it.

The first dodgy result at home will have them shouting for his head

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Hook, line, sinker?......f**k me. You took the rod, arm, boat down there.

:lol::lol::lol::lol:

Please stop. I'm going to piss masel...

:lol::lol::lol::lol:

Glad to see you noticed :lol: :lol:

The first reply under your post was telling tho.......................

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The first dodgy result at home will have them shouting for his head

On RM they a tiptoeing about as nobody wants to get banned but one more bad result and nothing will stop the knives coming out. Fat Sally is living on borrowed time and he is in a no-win situation. Once the transfer window closes then the vultures will come home to roost and it will be bye-bye Sally.

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On RM they a tiptoeing about as nobody wants to get banned but one more bad result and nothing will stop the knives coming out. Fat Sally is living on borrowed time and he is in a no-win situation. Once the transfer window closes then the vultures will come home to roost and it will be bye-bye Sally.

lol, you cannae have seen the 3 or 4 threads asking if he is up to it , or the poll :D

Currently 44 votes yes he is up to it + 33 votes no. I voted 'no' :ph34r:

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lol, you cannae have seen the 3 or 4 threads asking if he is up to it , or the poll :D

Currently 44 votes yes he is up to it + 33 votes no. I voted 'no' :ph34r:

Why would you vote no ?...surely we all want him there as long as poss. :rolleyes:

Edited by beermonkey
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Why would you vote no ?...surely we all want him there as long as poss. :rolleyes:

The more 'no' votes, the quicker the Civil War starts again between the various factions ;)

Currently 54-yes 41-no

A lot higher 'no's than I would have thought tbh.........

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Karl Marx (1852): "History repeats itself, first as tragedy, then as farce."

Scottish Cup (1967): "Berwick Rangers 1, Rangers 0

Glasgow Herald (yesterday): "Scot Symon, the manager, never truly recovered from the disgrace either"

Ally McCoist (Tomorrow): ?

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lol, you cannae have seen the 3 or 4 threads asking if he is up to it , or the poll :D

Currently 44 votes yes he is up to it + 33 votes no. I voted 'no' :ph34r:

I'm keeping my head down, havent posted for a couple of days, but I will go nuclear when the time is right.

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This is where it crosses the line into fiction

I was a Rangers supporter before Murray, Before Whyte and Before Green

When I step out into Ibrox and look around I know its Rangers, some things have nothing to do with Money, Chairmens, Investors, SFA memberships and wishfull thinking of people who have always hated us, No I will be a Rangers fan long after Green and his investors have made there money and dissapeared, this part they cant buy from me or sell it to me, its always existed and always will

This would be your history with Rangers. The very item that other Rangers fans are consistantly telling us has been bought by Chas. Cake and Eat it????

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The more 'no' votes, the quicker the Civil War starts again between the various factions ;)

Currently 54-yes 41-no

A lot higher 'no's than I would have thought tbh.........

And shock their mods have removed it even though it had about 150 votes. Gettting like FF on there :D

Edit - its back up now....

Edited by wunfellaff
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From the scottish football monitor, ie what was the RTC blog................................Interesting even if a lot is supposition. Would mean Craigy is still on the scene and by feck they are far from 'debt free'...........

RFCG is the holding co for RFC(IA)

RFCG(wholly owned by Craig Whyte) has a floating charge over the assets of RFC for whatever debt was owed by RFC to RFCG The floating charge is described on Form MGO1 at Companies House Form MGO1 is used to register ”Particulars of a mortgage or charge in England Wales and Northern Ireland”

Meaning

In the event of the liquidation of RFC the RFCG floating charge takes preference over all other Creditors. So all debt due to RFCG under the floating charge has to be satisfied before any other Creditor can be paid. When RFC went into administration the debt owed by RFC to RFCG was alleged to be £27.5m. D&P did not accept or reject this figure. They simply listed the RFC debt to RFCG as “TBA” in the Creditors List

So it is open for any Creditor of RFC to challenge the validity of the £27.5m floating charge held by RFCG over RFC if and when CW made a claim against the assets of RFC when they are liquidated

But

Is CW likely to be remotely interested in making a floating charge claim over RFC assets when they add up to zero?

Of course not and heres why

On 24 March 2012 Liberty Corporate Ltd took out a floating charge over all the assets of RFCG

Meaning

In the event of the liquidation of RFCG the Liberty Corporate floating charge takes preference over all other Creditors. So all debt due to Liberty Corporate under the floating charge has to be satisfied before any other RFCG Creditor can be paid. When RFC went into administration the debt owed by RFC to RFCG was alleged to be £27.5m. D&P did not accept or reject this figure. They simply listed the RFC debt to RFCG as “TBA” in the Creditors List

Then

On 6 July 2012 details of the RFCG floating charge described above were registered with Companies House by Sevco Scotland Limited. using Form MGO6 This form is used to record “Particulars of a charge subject to which property has been acquired by a company registered in Scotland”

,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

This means that when Sevco Scotland acquired the assets of RFC(IA) they were obliged to register the Liberty Corporate Floating Charge over RFCG which in turn has a floating charge over the assets of RFC

I`m no lawyer but it would appear to me that this obligation on Sevco to register an MG05s affecting RFCG and Liberty Corporate can only have one meaning

Which is

When Sevco purchased the assets of RFC(IA) it did not get a clean title to the assets.This suggests Craig Whyte agreed to the sale on condition that his floating charge moved with the assets. This claim is now formally registered by Sevco at Companies House as a claim against the RFC assets purchased from D&P

Significantly

Moving the floating charge with the assets ensures none of the RFC Creditors can challenge the CW floating charge without challenging the D&P sale to Green

It also means Green can argue that Sevco has a debt of £27.5m This gives the bad guys an argument to siphon off £27.5m after the share issue in October 2012."

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From the scottish football monitor, ie what was the RTC blog................................Interesting even if a lot is supposition. Would mean Craigy is still on the scene and by feck they are far from 'debt free'...........

Did Bomber ever find out/announce who was on those title deeds?

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