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Big Rangers Administration/Liquidation Thread - All chat here!


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As I said, it's all getting a bit silly on here.

Should you not be busying yourself with Petrie's bhegging letter?

Tellingly, he had this to say: "The attendance at the match against Dundee as 'club 12' was well short of the attendance of 17,100 against Rangers in August 2010."

And then: "The Club is grateful to those supporters who rallied to the call in the summer to find an additional 3,000 Season Ticket Holders. In the final analysis, an extra 1,000 Season Tickets were sold."

Doncaster said: "Everything is coming up roses!"

Hibs are compelled to beg and Hearts are on the edge along with Dunfermline. It's only October. smile.gif

Doncaster - we salute you!

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Can't help feeling that it's a bit of a non event.

Seeing as there is a team in blue, playing at Ibrox and calling themselves "Rangers", making noises about being debt free.

Let me ask if any of my fellow posters would have been happy with that outcome when this all started?

I'll argue that, apart from playing in division 3, they have actually gotten away with it and are better off for it. Anyone?

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Should you not be busying yourself with Petrie's bhegging letter?

Tellingly, he had this to say: "The attendance at the match against Dundee as 'club 12' was well short of the attendance of 17,100 against Rangers in August 2010."

And then: "The Club is grateful to those supporters who rallied to the call in the summer to find an additional 3,000 Season Ticket Holders. In the final analysis, an extra 1,000 Season Tickets were sold."

Doncaster said: "Everything is coming up roses!"

Hibs are compelled to beg and Hearts are on the edge along with Dunfermline. It's only October. smile.gif

Doncaster - we salute you!

Nah, I couldn't give a pheck about it.

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Should you not be busying yourself with Petrie's bhegging letter?

Tellingly, he had this to say: "The attendance at the match against Dundee as 'club 12' was well short of the attendance of 17,100 against Rangers in August 2010."

And then: "The Club is grateful to those supporters who rallied to the call in the summer to find an additional 3,000 Season Ticket Holders. In the final analysis, an extra 1,000 Season Tickets were sold."

Doncaster said: "Everything is coming up roses!"

Hibs are compelled to beg and Hearts are on the edge along with Dunfermline. It's only October. smile.gif

Doncaster - we salute you!

Hearts and Dunfermline = two clubs who were shafted for money due from Rangers. So possibly you are right - it is Rangers fault.

Throw in Airdrie from before and you're getting good at deciding the fates of other clubs.

Edited by Shades75
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Can't help feeling that it's a bit of a non event.

Seeing as there is a team in blue, playing at Ibrox and calling themselves "Rangers", making noises about being debt free.

Let me ask if any of my fellow posters would have been happy with that outcome when this all started?

I'll argue that, apart from playing in division 3, they have actually gotten away with it and are better off for it. Anyone?

I would have settled for what's happened, but you can rest assured there is more to come. With that Yorkshire lunatic at the helm, it can only have a bad ending.

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Lol at Bendy,his club is DEAD and he is point scoring. Lol @ Bendy lol

The oldco is liquidated - and few will be happier than me that the liquidators can now release the hounds on Whyte, D&P and the rest of the criminals.

Meanwhile, our club marches on relentlessly.

smile.gif

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Can't help feeling that it's a bit of a non event.

Seeing as there is a team in blue, playing at Ibrox and calling themselves "Rangers", making noises about being debt free.

Let me ask if any of my fellow posters would have been happy with that outcome when this all started?

I'll argue that, apart from playing in division 3, they have actually gotten away with it and are better off for it. Anyone?

"External " debt free.... No, I would have wanted more in February, but it is far from over. Cry 'havoc' and unleash the dogs of BDO.

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I would have settled for what's happened, but you can rest assured there is more to come. With that Yorkshire lunatic at the helm, it can only have a bad ending.

We hope that but we can't be sure.

It is the almost universal perception that The Rangers and Rangers are one and the same that irks me.

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Can't help feeling that it's a bit of a non event.

Seeing as there is a team in blue, playing at Ibrox and calling themselves "Rangers", making noises about being debt free.

Let me ask if any of my fellow posters would have been happy with that outcome when this all started?

I'll argue that, apart from playing in division 3, they have actually gotten away with it and are better off for it. Anyone?

It doesn't matter. Most of you (if not all) who read this post will be dead before the end of 2012 anyway. It was fun while it lasted. It is now time to enjoy your last few weeks of life. Goodbye everyone ... see those of you who manage to break on through to the other side when you get there.

Ibrox and it's dependency on UEFA money in general and CL money in particular goes way back to 2007/08 when SDM brought Walter Smith back and those in the know in the game i.e the SFA knew Rangers situation and rather than step in covered it up.

http://en.wikipedia.org/wiki/Campbell_Ogilvie

http://en.wikipedia.org/wiki/Gordon_Smith_(footballer_born_September_1954)

In 2006 Rangers published debt was £6M and EBT contributions had peaked at £9.19M. Within a year there was a dramatic reversal with debt rising to £16.5M and EBT contributions almost halving to £4,998,000. Its as if the EBT bill had either arrived or was known to be on its way. In 2008 debt was up to £21.6M and EBTs down again to £2.29M and in 2009 debt peaked at £31M with EBTs flattening at £2.3M.

What pushed the debt up was the transfers in totalling £29M in 2007/08 plus wages of course, offset to a degree by £19M from 3 player sales for good money. The players brought in at huge expense then won three titles on the trot which brought in CL money and allowed the debt to come down to the £17/£18M that Lloyds then recovered when CW stepped in.

The point is that without CL money the debt would have continued to rise and Lloyds would have insisted that players be sold, so the whole survival business model was predicated on access to CL money from 2007. Given the lengths the SFA went to save them after administration I am more convinced than ever that Rangers should not have been granted a UEFA licence to play in the 2011 competition because of unpaid tax (the known wee tax bill) but the Gods of football finally got tired and intervened, in the shape of Malmo and Maribor.

Had Rangers qualified CW could have gone back to the Ticketus well for advances on the CL money to keep the club afloat as it was paying wages it did not have the money in the bank to pay. As it was they lost and as CW said himself last night, with no money coming in, the only way he could keep them going was to hold on to the tax and NI due and use that to pay wages of players that should never have been recruited in 2007/08 in the first place.

Had Smith's transfer spend of £29m gone to servicing the then small £6m debt and the core tax bill of £24M at that time, Rangers would never have gone to the wall.

I am convinced BDO will tell this tale eventually and it will be part of the historic facts of their Downfall story rather than rumour or conjecture.

The men guilty of crimes against Rangers AND Scottish football are SDM and Walter Smith along with every Rangers supporter who gloried in their financial stupidity.

. Edited by SS-18 ICBM
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The oldco is liquidated - and few will be happier than me that the liquidators can now release the hounds on Whyte, D&P and the rest of the criminals.

Meanwhile, our club marches on relentlessly.

smile.gif

Not sure you got the true meaning of "club" and "relentlessly" there Bubba...

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The oldco is liquidated - and few will be happier than me that the liquidators can now release the hounds on Whyte, D&P and the rest of the criminals.

Meanwhile, our club marches on relentlessly.

smile.gif

Your club is not marching on relentlessly. Defiance and bluster only goes so far.

Where is Murray in your list of criminal masterminds?

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Let's pause and have a think about whether "A plc did not pay a bill" is an accurate description of what actually happened.

Is it? That description doesn't include the words "intentionally", "contracted services" or "in the full knowledge that the club would never be able to pay for them". Amazingly, it doesn't even contain the words "Rangers FC".

"A plc"?

How is it possible to describe how Rangers FC intentionally contracted services from the Scottish Ambulance Service in the full knowledge that the club would never be able to pay for them, without using these or similar phrases?

It's harder, not easier, to describe that scenario in neutral, mistakes-were-made language.

Clay's comment is childish and distasteful, but let's keep our boiling outrage in perspective here, eh? I don't like that kind of chat, but we are talking about the actions of "A plc" that may or may not have failed to deliver a sum of money owing to the Treasury, whether accidentally or by design.

Wasn't it not just an administration error rolleyes.gif

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