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Big Rangers Administration/Liquidation Thread - All chat here!


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lol you really are a DhenseBhoy

He admitted he changed / edited it here

Comprehension skills of a 5 year old

The boys not the full shlling, as Stoney said he does have learning problems so go easy on the lad.

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Three Shakes … and a Twist

Those who like to read the techno-thrillers of Tom Clancy will remember well the scene in The Sum of all Fears, when the nuclear bomb explodes in Denver, outside the stadium where the Super Bowl is being played. Clancy handles the moment in two very distinct chapters. The second is a vivid and frightening examination of the explosion's terrible effects as they are felt, firstly in Denver and then experienced around the world.

Before that, he devotes an entire chapter to the mechanics of the explosion itself. Chapters like this are either what attract readers to Clancy in the first place or turn them off entirely. It is technical, it is complex, and the layman who reads it and fully understands it is indeed a massive geek. Of all the times he has loaded the reader with technical detail, this is probably when he risked most in terms of keeping you interested in the story. Yet it works. The chapter is not long, but nor is it short. And the events in it span not seconds but fractions of a second

It was in that chapter I first learned the term "shake", so named for the old aphorism "a shake of a lamb's tail". A "shake" is a term used in nuclear physics. It represents ten nanoseconds. To grasp fully the size of that, consider that there are a billion nanoseconds in a second. The chemical process involved in a nuclear detonation involves a number of "shakes", with a chain reaction usually completed in 50.

Clancy's decision to devote an entire chapter of the book to a few nanoseconds came back to me over and over again during the weeks and months of the Rangers crisis. It became clear to me that, drawn out though the events following administration were, what we were seeing was not the effect of the explosion but the explosion itself. Those months were our nanoseconds. Every day, every revelation, every moment we thought was a separate event, was merely a peek inside the bomb case, at the chemical process of a chain reaction.

I would say the chain reaction was completed on the day HMRC announced they were refusing the CVA proposal. That was the detonation. It's only now we're witnessing the explosion, and its effects, and in my view we are still a long way from the end of that process. We have had the initial double flash thermal pulse and we've seen some EMP effects, but the real damage is still to come. The shock wave and the fireball have yet to spread, and their cumulative effects could yet annihilate Ibrox and extend as far as Hampden.

Am I making claims of "financial Armageddon"? No, I'm not. I never believed the collapse of Rangers would devastate Scottish football. I thought then, and now, that it was scaremongering nonsense to even suggest it. It didn't matter to me whether the authorities were spreading those stories because of a deep-seated love of the Ibrox club, or because they had bonuses at stake, or out of their own internal, personal weaknesses. Those stories were inconsistent, based on worst case scenarios which were never likely to materialise, and insulting. The notion that the game in this country amounts to no more than one or two teams is offensive.

I love football. I always have. I'm a Celtic supporter, but my interests in the game extend far beyond my own club. At its best, football is a tremendous unifier of people, from those wonderful stories about Christmas Day in the trenches of World War I to the matches organised every year between Palestinian and Israeli children. The game has the potential for tremendous good. I am proud that my own club's supporters have honoured the dead of Hillsborough and Ibrox. I am proud they unfurled a banner to the Benfica player Miklos Feher, and invaded Seville and showed that city how to party. I am proud of every moment when the supporters of a club applauded an injured player, or staged a silence to honour an official or competitor at another team. Although there are some who would use this sport in a divisive way, who would hijack it for their own ends, I believe this game can still be an inspiration, and find the best in all of us.

I think what happened during this summer, as the fans of every club in the land made their voices heard, was one of the greatest moments in Scottish football's recent history. I believe it will have an impact far beyond one season. I think it was special.

My concern, as I've said, is that the appalling effects of the detonation at Ibrox are still to be fully realised. I am worried about the impact they could yet have on all of us.

Let me be quite specific about the two things that worry me most. They are to do with the decision to grant Sevco/Rangers a license to play in the Scottish Football League this year.

First, I believe the license was granted without sufficient guarantees being given by Charles Green and others that they would respect the decisions taken by the independent judiciary panel of the SPL in relation to EBTs, and secondly, I am concerned that not enough is known about Green and his financial backers, or plans for Rangers, for the authorities to be satisfied that the club is in good financial health. I don't believe for one second anyone can allay my fears in these two areas. It is obvious to all that due diligence has not been done, and the entire situation at Rangers/Sevco is still shrouded in doubt, and that anything may yet happen.

The independent panel investigating dual contracts is going to have to make the most momentous decision in the history of the game in the UK. I do not believe what Rangers are accused of has any precedent. We are talking about a decade or more in which the results of every single match might be in doubt. Every single game. The rules were not written to envision such an appalling breach of faith. It would seem almost inevitable that stripping of titles will be the smallest of Charles Green and Ally McCoist's concerns if this verdict goes against them.

Frankly, I don't see an alternative to suspending Rangers membership of football in this country for at least two years, with points deductions and monetary fines to follow when the suspension period is done. This is not harsh; in fact it falls far short of the maximum penalty, which is expulsion from the game altogether, and as it is the authorities are going to have to do a damned good job of setting out the reasons why that ultimate sanction is not applied. It will not be enough to say it would damage the game in Scotland to wipe the club away. To allow a decade of malfeasance to pass without that ultimate sanction would create the perception that Rangers is above the law, and I cannot think of anything that would do the game more harm than for any club to be considered too big, or too important, to be subject to the regulations.

With their money on the table, I don't see any way Charles Green and his cohorts will accept the judgement of the independent panel if it has an impact on their plans to recoup their investments. With the way he's rallied the Rangers fans behind him recently, by essentially talking about a conspiracy against them, I don't see how he convinces them to accept sanctions, even if he personally was inclined to do so. He has painted himself into a corner where now, if he wants his money at all, he has to fight, and keep on fighting. Without the written guarantee that the club would accept whatever the panel decides, without recourse to the law, I will be shocked if this matter doesn't end up in the courts somewhere down the line, because I don't think for one second he signed up to that particular demand.

I think the SFA backed down on this, the most fundamental matter of them all.

Which isn't to say the due diligence matter isn't worrying, because, of course, it is. Again, no-one is going to convince me that the SFA has conducted proper due diligence on Charles Green and his backers. No-one will convince me they are satisfied that this club is in safe hands, and that the game in this country will not be rocked by a further implosion at Ibrox. They failed to properly investigate Craig Whyte, because of lax regulations requiring disclosure from the club itself, regulations which are just a joke, but they can be forgiven for that as the press was talking sheer nonsense about him having billions at his disposal, and a lot of people (but not everyone!) were either convinced or wanted to be convinced by him.

To have witnessed what Whyte did, to have witnessed the Duff & Phelps "process" of finding a buyer, and having Green essentially emerge from nowhere, with a hundred unanswered questions as to his background and financing, for the SFA to have given this guy the go ahead, only for it to blow up in their faces later, would annihilate the credibility of the governing body and necessitate resignations at every level. There would be no hiding place.

At an early stage in the Rangers crisis, a couple of people told me they thought the club would not play football for at least a year. I told them of all the possible scenarios that was the most unlikely, because I honestly could see no way back for them once they had gone. There is no precedent I am aware of, anywhere, for a football club taking a "year out" only to return. Certainly, in the context of the Scottish game I didn't see how it could be done without creating one almighty shambles, or by bending the rules until the elastic snapped.

Yet I've since become convinced that it was the correct course of action. The club calling itself Rangers FC is still in a state of flux. The issues still surrounding it are enormous and potentially devastating. There are any number of ways in which the entire edifice could utterly collapse. The liquidators and HMRC could yet challenge the takeover, or the coming share issue. Craig Whyte may yet emerge and take a claim to the courts. The share issue itself could be an utter failure, leaving the club unable to meet annual running costs. All of this, even without the vast effects of the EBT case, which has the potential to wash the whole club away.

Had Rangers been out of the game for a year, these issues could have been properly explored, dealt with and put behind them, and the game as whole.

Of course, it's just possible that the worst is over. It's possible that this particular nuclear detonation, like the one is The Sum of All Fears, is an enormous "fizzle", that the appalling destruction unleashed will not be on the thermonuclear level which could obliterate our hopes of a fresh start, of forward motion for the whole game. It might be that everything at Ibrox is hunky-dory, that this, all I've written, is the product of a febrile imagination, on the same level as the financial Armageddon nonsense we spent the summer hearing about.

It may well be, but only if the people who've been right all along have suddenly gotten it wrong. The evidence all points to something big, and bad, coming this way.

The smart folks will be hunkering down in their shelters for a while yet.

The Scottish Football Monitor. :D

Edited by Bairnforever1992
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And you are just a thick for jumping on the Dhensbhoys bandwagon, keep going a few more posts till you officially become a jakey

Yer off yer heid

You found that post i made, after jumping on Bennett's bandwagon?

i'll give you a clue... 5th october at 17.05,,, and the post was directed at you Tedi.

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How many more times, Bennett was correct in what said with regards to you, yer comprehension skills are as poor as Dhensebhoys so you will never get it

what he said was....

Glad to see that you're not denying it, remember you'll get caught out if you do ;)

to which you said:

Bennett was spot on in that post, I completely agree

so you agreed with bennett that if i denied making that post, i would get caught out?

well i denied making the post... and as yet i'm still waiting

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I know it's an open forum, I know it's freedom of speech, and I don't think my own contributions to any thread are any better than most other people's, but really - there are a handful of posters on here who either need to meet behind the bikesheds at 4pm for a big girly fight..... Or to simply shut the fcuk up and stop acting like complete arseholes. Tedious, tedious cnuts.

There. That feels better. Kettle on, chocolate hob nob...

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Yer quoting the wrong post

Not sure if that was deliberate or yer being thicker than I thought you were

so what post were you agreeing with?

the original one, or the one i just posted... he only made 2 directed at me... which one was it?

Edited by dave.j
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I think you get my drift ....

Of course we do, dhensebhore.

You're the worst, dullest poster on here by a country mile. Prone to posting more pish than anyone else and even devoid of the entertainment value of the resident mentalist known as Bairnforever.

If it wasn't for the Killie liar you would have no competition at all.

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There is no precedent I am aware of, anywhere, for a football club taking a "year out" only to return.

The Scottish Football Monitor. :D

I think it's safe to say that an article from such a poorly informed writer has a credibility gap as big as the void between your ears.

smile.gif

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Quick question, does anyone know the amount of prize money awarded for winning Division 3 in relation to winning the SPL or at least coming top 6?

Surely it can't be that much?

I asked a serious question. Could someone please answer me in between calling each other liars?

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This thread is a joke, has been for a while

If your pissed off with Rangers fans posting here just because they dont sit back and listen to the inaccurate, wet dream shite that makes up about 90% of all posts then get div to move the forum somewhere else with a heading "rangers fans not allowed to post here" if it is the the other Yahoos you are referring to then name and shame them instead of tolerating the pish they write just because they give you millions of greenies

Enjoy the hob nobs

:lol:

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A week ago you and others were demanding that Rangers fans be stopped from posting on here, now you want us to post?

Yer off your head.

Jesus really?

I demanded that Rangers fans be stpped from posting on here, are you sure about that?

Can you provide quotes?

Glad to see that you're not denying it, remember you'll get caught out if you do ;)

Bennett was spot on in that post, I completely agree

and the post in question?

Tedi,

I've got no issue with sevco fans posting on the thread, but how about doing it in a mature open manner, leaving petty nicknames, put downs, whataboutery and such like at the door,

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After looking at that "dalek" thread, I'm starting to wonder if some of these people are actually mentally ill. Seriously.

I've never heard the dalek jibe. I do remember hearing some other sick jokes at the time. Also heard jokes about the Aberfan disaster, Hillsborough, 9/11 and others. I imagine some of these jokes would have been repeated by Rangers fans. In fact I know for certain some were. People are cruel, sad but true.

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That make it clearer for Youngsy or do you have Tedi's problem with comprehension as well. Maybe your eyesight is going ?

I'll break it down for you shall I

1. I highlighted the financial poo poo your club was in (*** Murray bailed it out to the tune of £50 million and it was still in debt.)

2. I highlighted the fact you laid out (means spent) the money you brought in through transfers ..

3. I suggest your club could have found CHEAPER alternatives to REDUCE you debt further ..

To say I ignored it to make a point is laughable .. seems your just like that liar Tedi .. either you cannot read and comprehend or you deliberately lie and spin ..

Does any non Sevco/ Celtic fan think I ignored the value of the transfers in .. seriously?

We all know that the rights issue in 2004 failed in that only £1.5 million was taken up by existing shareholders,the rest underwritten by MIH. However,nevertheless did the club at the time when Whyte came in have a debt of £18 million that was being serviced under the eye of the bank.? The fact of the matter is that this is true,it's not debatable and leaving aside the EBT because it hasn't been finalised as of yet the one main reason that this club got into such a situation was because of the underhand dealings of Whyte,again a fact of the matter. Financing the deal through Ticketus and holding back tax and n.i. is the reason we are where we are. Bear in mind the EBT potential figure was put forward for voting purposes only in order to liquidate The Rangers Football Club plc.

Now i have no doubt that everything being equal with the £18 million debt added to the EBT case should it go against the club would have resulted in liquidation,but up until we know the outcome the club should not have been in administration if certain procedures had been carried out by Murray as regards Whyte. Now i'll ask again,was the club debt down to a manageable £18 million when Whyte too over?

BTW do you always turn to personal abuse if someone disagrees with any of your opinions,such as calling people liars.

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