Big Rangers Administration/Liquidation Thread - All chat here!

[Claymores]

Green delivers little but soundbites but expects fans to deliver £20m: http://www.heraldsco...er-20m.19263287

I've a fairly strong feeling that even the diehard buns realise in their hearts that buying shares would be nothing more than a charitable donation to Chuckie's Mysterons/last roll-of-the-dice. It's these poor pensioners in Canada I worry of.................who's gonna keep then afloat when Cevco goes tats-up?

[SS-18 ICBM]

Conduct of Sir David Murray, Craig Whyte and Rangers directors examined: http://www.scotsman.com/sport/football/sfl-division-three/conduct-of-sir-david-murray-craig-whyte-and-rangers-directors-examined-1-2595313?

THE conduct of Sir David Murray and the Rangers board in the three years before its administration is being examined by the Government’s insolvency investigators.

The Insolvency Service’s Investigations & Enforcement Directorate are also looking at the role played by Craig Whyte, who bought the club from Sir David for £1 in May 2011.

Other key figures under the microscope reportedly include Ibrox legend John Greig, a director from 2003, former chief executive Martin Bain and chairman Alistair Johnston.

An Insolvency Service spokeswoman said: “We can confirm that, since Rangers has entered a form of insolvency, an insolvency practitioner (IP) is required to report on the conduct of the directors. The IP has reported and so the Investigations & Enforcement Directorate are considering the matter.”

It is understood that administrators Duff & Phelps, who took control of the club on February 14, completed the report.

Shortly before Rangers went into administration Mr Johnston called on the Insolvency Service to investigate Mr Whyte’s takeover, but the Government agency could not confirm if it was acting upon this request.

The regulators can take action against company directors for a range of offences, including failure to keep proper accounting records or failure to pay tax. It has the power to disqualify directors for up to 15 years.

The report is likely to be confidential.

[SS-18 ICBM]

Scottish Premier League: Why the Prophets of Doom May Just Be Wrong: http://bleacherreport.com/articles/1387889-scottish-premier-league-why-the-prophets-of-doom-may-just-be-wrongaccording-to

According to Greek myth, a princess of Troy by the name of Cassandra was the object of the god Apollo’s amorous attention. As an immortal Olympian, Apollo did not have to rely on a box of Milk Tray and a bunch of flowers to impress the princess.

He gave her the gift of prophecy.

Unfortunately, Cassandra wasn’t of a mind to give in to Apollo’s advances and turned him down. No Olympian god could take back a gift once given, so the disgruntled deity instead spoiled the gift by ensuring that no one would ever believe Cassandra’s prophecies.

Many years later, the people of Troy awoke one sunny morning to find that the Greeks who had been besieging their city for a decade had gone, leaving only a huge wooden horse behind.

The Trojans decided to bring the gargantuan horse into the city, despite it being too tall to fit under the gates.

As they prepared to dismantle the arch of the city gates to accommodate the horse, Cassandra warned of the doom that awaited them if it was brought into the city. No one believed Cassandra when she said that a large force of hoplites was hidden inside the horse, and without even bothering to check, the gates were brought down and the horse brought inside.

The rest as they say, is Homer, but if only they’d listened to Cassandra, Troy may well have prevailed over the flowing-haired Achaeans.

The Cassandras of Scottish soccer were loud and forceful this summer, as Rangers FC slid into oblivion.

SPL Chief Executive Neil Doncaster warned of an approaching Armageddon, while his SFA counterpart Stewart Regan claimed a, “slow lingering death,” was in store for Scottish soccer if the new Rangers were not parachuted into the SPL, or at the very least, allowed into Division 1 to ensure their swift rise to the top division.

In the event, like the original Cassandra, Doncaster and Regan were not believed, neither by the fans nor chairmen of the other 41 Scottish clubs who voted the new Rangers into Division 3.

So how is the Scottish Premier League shaping up as the leaves begin to fall?

We were warned that attendances would fall, there would be no new TV deal and that interest would collapse in an uncompetitive competition as Celtic secured the title by the end of November.

Actually, there are signs that Scottish soccer will be just fine.

With the first round of fixtures just about done, Celtic sits on top by just two points with Hibernian having played a game fewer.

With the Glasgow club having already lost two matches this season, there is no guarantee they will stretch that lead when the game in hand is played.

With Aberdeen and Saint Johnstone also at 18 points and Inverness Caledonian Thistle and Kilmarnock just behind at 15 points, only five points separate the top six.

This time last season, Rangers had 32 points and were nine ahead of second place Motherwell, and 19 ahead of sixth place Saint Mirren.

The league is much more competitive this season than it was last season.

How about attendances then?

While overall attendances have fallen due Rangers and Celtic’s averages dropping by about 5,000, most teams’ averages have actually risen.

Aberdeen’s average attendance has risen by over 1,000, while Hibernian’s has risen by about 500. Neither club has so far hosted Celtic, while Aberdeen have not yet hosted Dundee United, traditionally one of their highest-attended home games of the season.

Although Heart of Midlothian has seen a slight drop—by about 1,000—they have yet to play either Celtic or city rivals Hibernian at home. They should see that average rise significantly by the time the second round of fixtures is completed.

Dundee United’s average attendance has risen by almost 1,500, while Saint Mirren, Saint Johnstone and Inverness Caledonian Thistle have seen more moderate increases.

Fears over a TV deal have also proven to be groundless, with BskyB recently signing a new five-year deal with the SPL for the right to broadcast 30 live matches per season until 2017.

On the European stage, apart from Celtic, Scottish clubs have again failed to reach the group stages of either the Champions League or the Europa League.

Hearts though did give a good account of themselves in their matches with Liverpool, and after taking a late lead at Anfield to level the tie, a more streetwise team would have taken it to extra time rather than chase a winner in the final seconds and get caught on the breakaway.

We were warned that, with Rangers gone, Celtic would suffer in Europe due to a lack of competition in the SPL.

So far though, Celtic are doing just nicely, sitting in second place in their group after recording their first ever away win in the group stages against Spartak Moscow and coming within 30 seconds of a draw in the Camp Nou against Barcelona.

SPL teams still face tough financial circumstances and the standards are still below those of comparable European leagues, but there are encouraging signs.

The league is more competitive, attendances have risen at most clubs, TV funding has been secured for another five years and exciting young players are emerging throughout the division.

Like Cassandra, the SPL’s prophets of doom went unheeded this summer, but unlike Cassandra, they may just have been wrong.

[SS-18 ICBM]

I've a fairly strong feeling that even the diehard buns realise in their hearts that buying shares would be nothing more than a charitable donation to Chuckie's Mysterons/last roll-of-the-dice. It's these poor pensioners in Canada I worry of.................who's gonna keep then afloat when Cevco goes tats-up?

Interesting times and much fun are still to come for all non-Rangers supporters, that is guaranteed due to the numerous investigations into the corrupt affairs of so many associated with the corrupt Rangers FC.

[~~~]

Just heard Charles Green on Talksport, apparently "Rangers cannot run out of money"

Of course they can't Charlie, of course they can't

Wage bill this season is £7 million! Again apparently this is down from £27 million last year.

I still don't see how I club in the SFL can't afford such a high wage bill especially when you factor in all the other running costs for Ibrox & MP

[PeeTeeJag]

Just heard Charles Green on Talksport, apparently "Rangers cannot run out of money"

Of course they can't Charlie, of course they can't

Wage bill this season is £7 million! Again apparently this is down from £27 million last year.

I still don't see how I club in the SFL can't afford such a high wage bill especially when you factor in all the other running costs for Ibrox & MP

And then said that he may stay until they win the Champions League!!! lolololololololol

[~~~]

He's also said as long as he is in charge Rangers will not play in the SPL.........

But he won't be leaving until they are back in the Chanpions League.

[wunfellaff]

Just heard Charles Green on Talksport, apparently "Rangers cannot run out of money"

Of course they can't Charlie, of course they can't

Wage bill this season is £7 million! Again apparently this is down from £27 million last year.

I still don't see how I club in the SFL can't afford such a high wage bill especially when you factor in all the other running costs for Ibrox & MP

Technically he is correct.

[stonedsailor]

Just heard Charles Green on Talksport, apparently "Rangers cannot run out of money"

Of course they can't Charlie, of course they can't

Wage bill this season is £7 million! Again apparently this is down from £27 million last year.

I still don't see how I club in the SFL can't afford such a high wage bill especially when you factor in all the other running costs for Ibrox & MP

Rangers can't but the company running them can.

For so long as there are billions orcs willing to fill pockets of shysters and charlatans, and the benefits agency are around, there will be no shortage of those willing to fill the pockets of anyone promising success.

Edited October 29, 2012 by stonedsailor

[SS-18 ICBM]

Just heard Charles Green on Talksport, apparently "Rangers cannot run out of money"

Of course they can't Charlie, of course they can't

Wage bill this season is £7 million! Again apparently this is down from £27 million last year.

I still don't see how a club in the SFL can afford such a high wage bill especially when you factor in all the other running costs for Ibrox & MP

Operating/running costs for Ibrox Stadium and Murray Park while playing in Scotland's fourth tier league (Scottish Football League, Division3) are still the same as they were when the old dead club played in the top league (Scottish Premier League). Non-playing staff, stewards/policing, ambulance service, water, energy companies, building maintenance, rates & taxes, etc all have to be paid.

But with greatly reduced income (at least 33% less) from season and match day ticket sales in Division3 which is their only genuine source of major income from football.

And with...

No income (prize money) from the SPL.

No income (prize money) from UEFA.

No income of any sort from fans in attendance at European matches and a minimum of 4 years without income from European football.

No income from major sponsors due to their history of bumping creditors and tax dodging.

Less income from match days due to less league matches if they actually win the SFL's Division3 and very unlikely to reach Cup Finals.

The list goes on.

It will be very interesting to look at the annual accounts when they appear.

Edited October 29, 2012 by SS-18 ICBM

[stonedsailor]

This not some scabby Ger's forum Tedi .. otherwise fuds like you would have been banned long ago ..

Tedi joined the 27th of July, suspiciously close to when Chucky's club/company lie took hold and long enough for one of the disappeared P&B Rangers fans to regain interest. Now he's obsessed with claiming people have alternate accounts. The bear, I fear he protest too much.

Edited October 29, 2012 by stonedsailor

[SS-18 ICBM]

You can't get any more defeated than Liquidated in my view, but everybody has their own thoughts I suppose.

I might be just a greedy b*****d though, because the scenario I would dearly like to see is for HMRC to find that there is a significant enough similarity between The Rangers and Rangers to allow them to deem The Rangers a 'continuity' Rangers, and wallop the Big Tax Bill onto Green's desk.

Same business, same bricks and mortar, same strip, same customers, same sponsorship, same name and claiming the history, suggests to me that the similarities between the two shouldn't be too hard to determine.

Bust before Christmas, and I honestly wouldn't ask Santa for anything else!

The official portal for tax judgements is http://www.financean...px/default.aspx

As soon as the judgement is available to the public it will be released here. Normally a day before BAILII will publish it.

This morning's STV headline is:

Football Talk: Zombie attack, Ibrox leaseback, SPL goals, Torres dive: http://sport.stv.tv/...ls-torres-dive/

And Wednesday 31st October 2012 is the day when Duff & Phelps, administrators for RFC (IA), appear before Lord Hodge at the Court Of Session

It could be interesting. There could/should be consequences.

Edited October 29, 2012 by SS-18 ICBM

[PeeTeeJag]

I'll give him his due, Green can certainly talk. Although you really have to listen carefully to what he says.

I won't leave until the club is in the Champions League. The club will never play in the SPL as long as I am chief exec. But if the fans want to play in the SPL then we will put it to the vote, but I won't be there.

But I thought he just said he wouldn't leave until they were in the CL, or won it?!?!?!?!?

There will be a European League in 5 to 10 years. Fans want to see the big clubs playing each other.

Eh, it's called the Champions League and we've had it for a while.

Even if only half the pledges are fulfilled it will still bring in over £10 million. We're doing it now because it means cheaper shares for the fans. If we waited a couple of years it would cost more to buy shares.

Of which he gets 10% in shares that he can't sell as long as he is chief exec.

I know very little about football and so do the rest of the board.

Thought he had been telling us that he was football minded and used to play professionally, as well as his previous dealings with Sheffield?

I could go on, but at the end of the interview Richard Keys said "It's been very interesting............One way or another." He didn't seem overly impressed by Green's answers to his questions, but didn't want to badger his guest.

What was interesting was that my workmates (both cheeks of the same arse) both agreed that Green gave very long answers to questions which they felt was like a politician. The more a politician talks the audience "stops" listening and miss any bits where the speaker could go back months down the line and say "I did tell you this might happen."

Keys asked Green why the change of plans to do a share issue when that wasn't the original idea when Green was proposing to take over the club. Green said that this was always the plan and he made that known at the time that there would be a share issue within a year of him taking over the club. But if memory serves, didn't he say this share issue would mean that the fans would own the club?

However one thing he did say that was interesting was that he would get 10% of the share issue as this was agreed that would be his share for his dealings with the club.

"Agreed"? With who?

The way he said it was almost as if he was looking after the club for someone else. Hmmmmmm

Edited October 29, 2012 by PeeTeeJag

[Claymores]

So what is to stop them now going for their dream of fucking off to England and starting in the Unibond league?

Rules have been tightened now.........apparently you need to be from the Officiating Association's Country and/or(?) come from within 60 miles of the poor club you are subsuming to 'buy' the place in an English minor league.

I'd probably add on top of that:

1. Sally could'nt handle it - he'd get them demoted even further to oblivion if Chuckie was enabled to try it

2. The FA couldn't possibly wear it................the underclass of Scotland running amock in Engerland (don't mention Manchester). The Engerlish police authorities couldn't possibly wear it................the underclass of Scotland running amock in England without the sectarian laws to stop them!

[SS-18 ICBM]

I'll give him his due, Green can certainly talk. Although you really have to listen carefully to what he says.

I won't leave until the club is in the Champions League. The club will never play in the SPL as long as I am chief exec. But if the fans want to play in the SPL then we will put it to the vote, but I won't be there.

But I thought he just said he wouldn't leave until they were in the CL, or won it?!?!?!?!?

There will be a European League in 5 to 10 years. Fans want to see the big clubs playing each other.

Eh, it's called the Champions League and we've had it for a while.

Even if only half the pledges are fulfilled it will still bring in over £10 million. We're doing it now because it means cheaper shares for the fans. If we waited a couple of years it would cost more to buy shares.

Of which he gets 10% in shares that he can't sell as long as he is chief exec.

I know very little about football and so do the rest of the board.

Thought he had been telling us that he was football minded and used to play professionally, as well as his previous dealings with Sheffield?

I could go on, but at the end of the interview Richard Keys said "It's been very interesting............One way or another." He didn't seem overly impressed by Green's answers to his questions, but didn't want to badger his guest.

What was interesting was that my workmates (both cheeks of the same arse) both agreed that Green gave very long answers to questions which they felt was like a politician. The more a politician talks the audience "stops" listening and miss any bits where the speaker could go back months down the line and say "I did tell you this might happen."

Keys asked Green why the change of plans to do a share issue when that wasn't the original idea when Green was proposing to take over the club. Green said that this was always the plan and he made that known at the time that there would be a share issue within a year of him taking over the club. But if memory serves, didn't he say this share issue would mean that the fans would own the club?

However one thing he did say that was interesting was that he would get 10% of the share issue as this was agreed that would be his share for his dealings with the club.

"Agreed"? With who?

The way he said it was almost as if he was looking after the club for someone else. Hmmmmmm

Agreed with his business associates at Ticketus prior to his £2 speculation. "You have to speculate to accumulate" you know. A phrase used by potential profiteers to remind prospective investors that returns can only come from good investment. Really a buzzword (or buzzphrase) to get money from others to squander on fruitless and flowerly ideas.

That £2 wager will not be a great loss to Chucky Green if his gamble is unsuccessful, he will have lost time but not money. It will be another huge loss only for the zombies...and nobody other than the zombie supporters of corruption will care about another huge loss to those zombies as it will affect only them .

Edited October 29, 2012 by SS-18 ICBM

[wunfellaff]

MSM report contains the leaseback story

Football Talk: Zombie attack, Ibrox leaseback, SPL goals, Torres dive

http://sport.stv.tv/football/clubs/celtic/197233-football-talk-zombie-attack-ibrox-leaseback-spl-goals-torres-dive/

[~~~]

“@WillhelmA: Release Conor McGhie http://t.co/KByuXJUu What happens to Rangers fans who befall the Republican establishment.”

“@WillhelmA: Can all Rangers fans sign this petition and demand the release of a young man imprisoned for being a Rangers fan http://t.co/6Pavs9nR”

“@WillhelmA: If it was up to the haters, we would all be wearing yellow stars very soon. To imprison this young man was political.”

Is there anyone left in Scotland who isn't anti rangers?

Edited October 29, 2012 by Enrico Annoni

[wunfellaff]

Greens interview on TalkShoite this morning.....

[williemillersmoustache]

Nice Rico add a million to what the actual wage bill is and then just speculate about the rest

So a £6million wage bill in SFL 3? That's ok then. In fact how prudent, frugal and veritably thrifty compared to recent years your mob are being. Jolly well done.

Imagine I ripped off everybody on my street one year, went bankrupt, then returned next year bought a flash car and started putting pointless, expensive ornaments and a hot-tub in my front garden for all to see. I think I would rightly be called a c*nt and it wouldn't be paranoid to think that everyone was out to get me, because they would be, because I'd be a thieving c*@t .

This is precisely why you lot are c*nts. Ok c*nt?

[bennett]

So a £6million wage bill in SFL 3? That's ok then. In fact how prudent, frugal and veritably thrifty compared to recent years your mob are being. Jolly well done.

Imagine I ripped off everybody on my street one year, went bankrupt, then returned next year bought a flash car and started putting pointless, expensive ornaments and a hot-tub in my front garden for all to see. I think I would rightly be called a c*nt and it wouldn't be paranoid to think that everyone was out to get me, because they would be, because I'd be a thieving c*@t .

This is precisely why you lot are c*nts. Ok c*nt?

Cheers Dolly, we need to make sure we never get carried away again with signing players, This season most of our new players have came in on free's and will along with the kids will be the spine of the team for the next few years. Bring kids through and sell them, has to be our way now, same with other clubs i'd wager.

not sure what your dodgy dealings have to do with this but fair play on the highlighted part.

Edited October 29, 2012 by bennett