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Big Rangers Administration/Liquidation Thread - All chat here!


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Now why would they want admin to continue?

Fees keep building up which they hope get signed off on, plus depends what shadyness they are up to......

How long until the usual suspects are on here saying that lunch must be at 12.30 because he shafted the miners???

I like the post

Lunch for some ,the last supper for others .

Edit for - 2 mins Ribzanelli, 2 mins.

Edited by wunfellaff
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On a side note, Chuckie must be desperate to sell pies etc. Get as much cash in as possible.

doug.k ‏@douglas_kane

@ClydeScoreboard Greene has given away 11,000 free tickets for tonights game ..sweep sweep sweep

Interesting. 11,000 free tickets?

That’s desperate if true.

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Cara Sulieman@carasulieman We haven't heard from Collyer Bristow yet so not heard detail of their objection. #Rangers

Expand 2m 10f50a1d6f7de0437491d6221844d582_normal.pngCara Sulieman@carasulieman But they maintain they achieved another "minor objective" of "getting a better return". #Rangers

Expand 2m 10f50a1d6f7de0437491d6221844d582_normal.pngCara Sulieman@carasulieman D&P say the main purpose of the administration - "to maintain the company as a going concern" - was not achieved. #Rangers

Expand 5m 10f50a1d6f7de0437491d6221844d582_normal.pngCara Sulieman@carasulieman It's technically two petitions - one to end administration and another to appoint liquidators. Lord Hodge being asked to consider both.

Expand 5m 10f50a1d6f7de0437491d6221844d582_normal.pngCara Sulieman@carasulieman However, Collyer Bristow, one of the creditors, are opposing the petition.

Expand 6m 10f50a1d6f7de0437491d6221844d582_normal.pngCara Sulieman@carasulieman The "estate" handed over would include £1.7bn in cash plus "other assets". #Rangers

Expand 7m 10f50a1d6f7de0437491d6221844d582_normal.pngCara Sulieman@carasulieman Right. Duff & Phelps are applying to end administration and hand over to BDO for liquidation.

Edit for £1.7bn :o , presume it £1.7m......

Edited by wunfellaff
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http://scotslawthoug...for-extra-time/

latest thoughts by the hated one......

Some info regarding the progress of the Rangers liquidation hearing before Lord Hodge today.

As with everything in this saga, it is not straightforward.

Three of the issues so far –

Collyer Bristow, lawyers for oldco under Craig Whyte and also defendants in court actions raised for millions of pounds by Duff & Phelps as administrators, have opposed the ending of administration. Tactically this may be designed to help them with the court actions, but the grounds for objecting are not yet clear.

Lord Hodge has asked for a transcript of the Craig Whyte tape, as heard on the BBC recently. It appears that it might be necessary for a court order to be granted before the transcript would be handed over.

There is a challenge to Duff & Phelps’ claimed remuneration of in excess of £3 million.

If Lord Hodge needs the transcript to finalise administration, then there will be a delay. Whether or not his Lordship was satisfied by the earlier report given to the court by D&P, the alleged conversation between Mr Grier and Mr Whyte clearly has raised concerns in the judge’s mind, as is understandable.

D&P, as their response to the BBC, said they did not comment on matters taken out of context. The whole transcript would put matters very much into context.

Hopefully that would not show up any inconsistencies with the report already lodged with the court!

The matter is adjourned for lunch.

Edited by wunfellaff
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@carasulieman Lord Hodge also mentioned he is "very concerned" about recent allegations & has asked BBC for DVD and transcript. #Rangers

biggrin.gif

Cara Sulieman@carasulieman Lord Hodge went on to mention these allegations are not relevant to today's proceedings.

BOOOOOOOOOOOOOOOOOOOOOOOOOOOOO :angry:

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Paul the lawyer, the huddleboard, KDS, Celticminded.com as well as a few other internet green and greys are all at the COS today. Seriously what the f**k is wrong with you people?

Lord Hodge wants a transcript of the CW tapes, the beeb say naw yer no getting it. Maybe a court order to get it. Lord Hodge wanting info on the leaks which were many on this case.

all from twittering types on follow follow.

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@BBCDouglsFraserSpanners in the works of oldco #Rangers being wound up in Court of Session today. Last minute objection from lawyers Collyer Bristow...

@BBCDouglsFraser... Lord Hodge calling for more info on BBC Scotland report of administrator conflict of intetest, and will Duff & Phelps get £3.1m fees?

Edited by Bairnforever1992
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Did you not tell us last week that we'd have the BTC results and BDO would be in place by now?

Patience Bennett, patience dry.gif. We are all as keen as you to see the taxman wading in and the BDO forensic skills being deployed.

But today is for Lord Hodge to have his day in the limelight. He doesn't get many chances so just let us sit back and enjoy. :D

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£46k to the Scottish Ambulance Service is something that nobody should forgive. SAS should DEFINITELY refuse to provide cover @ Ibroke until the dosh is recovered. Let the fat Orcs have their heart attacks.

£46k is roughly the cost of an ambulance on station with a paramedic for 5 days - let's hope it is not one of us, our family or friends who needs that SAS Ambulance that the buns stole the money for.

So because a plc did not pay a bill to SAS you're wishing ill health and possible death to people who had nothing to do with the non-payment of a debt. You're a fucking tosspot.

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