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Big Rangers Administration/Liquidation Thread - All chat here!


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Anyone got access to the article in the Times (london one) today about who has invested in Sevco/Rangers.

All I could find is this reference below, from another web site.

Abraaj chief emerges as leading Rangers shareholder

  • The Times
    Blue Pitch Holdings, a vehicle controlled by Abraaj Capital chief executive Arif Naqvi, is the largest shareholder of Rangers Football Club with a 15.68% stake, according to details of the Scottish franchise's top investors published following pressure from fans' groups.
    Other prominent investors include Margarita Funds Holding Trust, a fund believed by Rangers to be based in the Turks and Caicos Islands, which holds 10.19%, and finance company Zeus Capital. A consortium of almost 19 investors, led by Rangers chief executive and venture capitalist Charles Green, acquired the club out of liquidation in June for £5.5m.
    Read it in the paper version this morning. Interesting list of people that the Bennett Brothers will no doubt love dearly.
    Yes they will have wealth off the radar, but why invest in a Scottish Division 3 club that is years away from playing at any meaningful level. Unless they are in for a quick buck. huh.gif

P.S. Nearly forgot. Charley boy was referred to in the article as a venture capital specialist. Not as a saviour, good guy, or even a mason. sad.gif

Edited by thelegendthatis
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Can means, only when it is worth the effort. £94 million makes it worth the effort. laugh.gif

Plus, if I was Hector, I'd reckon that banner was seriously taking the piss. They might as well have put one up saying "f**k You, Your Majesty. You Can Whistle For Your Cash".

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1. Define the paradox that you face? (the simple one)

2. a) How do you solve it? and b) what's your answer?

1. Since I'm not one of them, I'm not going to spell it out for the zombies. Lets just say either way Chuckles and Ahmed have them beat :lol:

2.a) If a floodlight falls down and there is no orcs around to hear It, does it make a sound? b) Its a big papist conspiracy :rolleyes:

Edited by Fotbawmad
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Where did the herald piece on the floating charge go?

? don't know why the post was deleted but here it is..

http://www.scotsman.com/sport/football/sfl-division-three/craig-whyte-to-claim-millions-from-sale-of-rangers-assets-1-2588874

Published on Friday 19 October 2012 11:57 FORMER Rangers owner Craig Whyte has claimed that he stands to receive millions of pounds from the remains of the old Rangers.

The businessman sold the club’s assets to Charles Green’s Sevco consortium earlier this year.

Whyte said that his RFC Group, through which he bought the club and paid off its £18m debt to the Lloyds Banking Group, held a security over assets sold to Mr Green for £5.5m earlier in the year.

He told The Herald newspaper: “Everyone knows there was a security there. All these things are being dealt with.”

If valid, this security will grant him fist access to any funds remaining from the company’s liquidation.

Duff & Phelps, the administrators of the company’s disassembly, have reported £2.3m of funds remaining and estimated a further £2.8m in outstanding assets in the form of transfer fees.

Uefa is also being asked to pay an unknown figure for the participation of Rangers players in games played by their national sides.

In the report, published in July, Duff & Phelps denied the notion that Whyte and his company were owed anything.

Ticketus, the London ticket agency to whom Whyte sold Rangers season ticket rights, remain in pursuit of the £20m paid to the RFC Group in order to fund its takeover of the club.

Whyte broke his silence this week to make a series of claims in a BBC Scotland interview which have angered the Ibrox club’s current chief executive and administrators Duff & Phelps.

When asked how much he had made out of his involvement with Rangers, Whyte refused to answer.

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? don't know why the post was deleted but here it is..

http://www.scotsman....ssets-1-2588874

Look at this Ally Mcoist interview which he supports Craig Whyte in October 2011 when Dead Rangers had no money during that time.

Ally McCoist supports Craig Whyte October 2011

Now Sally is against CW interesting times ahead of this saga. smile.gif

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1350661997[/url]' post='6728478']

1. Since I'm not one of them, I'm not going to spell it out for the zombies. Lets just say either way Chuckles and Ahmed have them beat :lol:

2.a) If a floodlight falls down and there is no orcs around to hear It, does it make a sound? b) Its a big papist conspiracy :rolleyes:

£17m pledged by 9000 fans,,,,,, 17m /9000 =1888. Papesssss!!!!!!!

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Holy fck!!!

Wonder if the MSM will be as slow to pick up on this (we knew all along but couldn't publish rumour the way bloggers can) as they were the last time?

Yet more info for the orc's to ignore... at least it keeps them busy, posting gif's of ugly celtic fans, you know? the important stuff...

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1350663082[/url]' post='6728514']

Full article here and video

Is it just me on did STV take the piss out of McCoist with their headline ....

Rangers boss McCoist points finger at Whyte but believes in Green

:lol::lol::lol:

Dear Alistair ... If you had not been such a shyte manager then maybe you would not have been pumped ootta Europe and been able to pay some of the bills ..

What train crash? :lol::lol::lol:

Yeah all but it you where a vulture like Whyte you'd by a train that was about to crash.

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Oh dear. This article is too long and a bit too complicated for me to understand.sad.gif

Where is Tedi when you need him? He knows about these things better than I do. biggrin.gif

Hopefully when he comes online he can give me a summary.

I am potentially into the share issue to the tune of £10,000.

What should I do? ohmy.gifblink.gif

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Oh dear. This article is too long and a bit too complicated for me to understand.sad.gif

Where is Tedi when you need him? He knows about these things better than I do. biggrin.gif

Hopefully when he comes online he can give me a summary.

I am potentially into the share issue to the tune of £10,000.

What should I do? ohmy.gifblink.gif

Buy the assets (and the history dontcha know) 5000 times? :lol:

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