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Big Rangers Administration/Liquidation Thread - All chat here!


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Poor Kylie...... my heart bleeds ....

Ex-Rangers striker Kyle Lafferty is told he can leave FC Sion, while new Rangers signing Cammy Bell opens up about his move to Ibrox

Kyle Lafferty is ‘useless’ and can leave Sion FC, says chairman

Former Rangers striker Kyle Lafferty has been told his career at Swiss side FC Sion is over.

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How can you possibly claim not to be constantly raging on here?

Because I'm not.

I can and do get a bit annoyed from time to time - discovering that nescafe's 'unsweetened' cappuccino sachets still contain around 5g of sugar is an example. I was getting frustrated trying to find the faulty component in my new (and otherwise excellent) diabetic control regime until I came across that information.

But, diddy club fans speaking out of turn about the Rangers? Sorry - you'll have to find another target for the idea that we might care what you think about anything to do with our team.

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Poor Kylie...... my heart bleeds ....

Ex-Rangers striker Kyle Lafferty is told he can leave FC Sion, while new Rangers signing Cammy Bell opens up about his move to Ibrox

Kyle Lafferty is ‘useless’ and can leave Sion FC, says chairman

Former Rangers striker Kyle Lafferty has been told his career at Swiss side FC Sion is over.

Delighted for him!

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A drop in the ocean and utterly insignificant when placed next to the rest of the nonsense the club and holding company have supported and turned a blind eye to.

Really? Let's entertain the *idea that you are right and the Rangers have indeed worked to engineered a football environment where the club could profit from sectarianism.

What, exactly, would that say about scrounging clubs who work hard themselves so they can leech off of the success of the Rangers and also profit - clubs like, say, St Mirren?

*Most sensible people know it's a feral fantasy.

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But, diddy club fans speaking out of turn about the Rangers? Sorry - you'll have to find another target for the idea that we might care what you think about anything to do with our team.

Calm yourself right down.

"speaking out of turn about the new rangers" ??

Seriously??

Its patently obvious you do care....and very very deeply at that. Otherwise why even respond.

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Because I'm not.

I can and do get a bit annoyed from time to time - discovering that nescafe's 'unsweetened' cappuccino sachets still contain around 5g of sugar is an example. I was getting frustrated trying to find the faulty component in my new (and otherwise excellent) diabetic control regime until I came across that information.

But, diddy club fans speaking out of turn about the Rangers? Sorry - you'll have to find another target for the idea that we might care what you think about anything to do with our team.

Nobody like us, we don't care. Except you do. No football team, or its supportters, is an island. Or something.

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A drop in the ocean and utterly insignificant when placed next to the rest of the nonsense the club and holding company have supported and turned a blind eye to.

100% agree. This new club has (much like the old club) actively encouraged sectarianism in order to create a cash cow.

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When recently asked why he went to Ibrox, when he visited Scotland as a boy, the rangers interim CEO Craig Mather replied, ''my parents were Church of England''.

Pretty much sums up what 'traditions' :yucky the ibrox club are best known for IMO. :thumbsdown

Edit to add the fud's name.

Edited by Apache Don
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When recently asked why he went to Ibrox, when he visited Scotland as a boy, the rangers interim CEO Craig Mather replied, ''my parents were Church of England''.

Pretty much sums up what 'traditions' :yucky the ibrox club are best known for IMO. :thumbsdown

Edit to add the fud's name.

I have never understood this mentality. Its this tragic narrow mindedness which people use to define themselves that i find so sad.

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Think I will speak about what I want where I want, thanks all the same, if you do not like it get a mod to ban me for spamming.

More irrelevant pish from the ultimate orc apologist and deflector specialist

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Aberdeen fans showing their class.

9i8buv.jpg

But to be fair, players should be banned from using twitter.

Oh well then, that just blows the whole ''Rangers are a club with a sectarian problem past and present'' argument, right out the water. Glad that's all cleared up. :rolleyes: Maybe I'll pop back in later, maybe find some mature debate going on, maybe I'll watch Antiques roadshow.

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When recently asked why he went to Ibrox, when he visited Scotland as a boy, the rangers interim CEO Craig Mather replied, ''my parents were Church of England''.

Pretty much sums up what 'traditions' :yucky the ibrox club are best known for IMO. :thumbsdown

Edit to add the fud's name.

Bit of a distortion of what Hugh Keevins says today, which is:

‘Careless talk is dangerous, as shown by Rangers’ interim chief executive Craig Mather when recently asked why he went to Ibrox when he visited Scotland as a boy. “My parents were Church of England,” he began’.

I'd be genuinely interested to see the full interview with Mather rather than how he apparently "began" the answer to one question about his boyhood.

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Bit of a distortion of what Hugh Keevins says today, which is:

‘Careless talk is dangerous, as shown by Rangers’ interim chief executive Craig Mather when recently asked why he went to Ibrox when he visited Scotland as a boy. “My parents were Church of England,” he began’.

I'd be genuinely interested to see the full interview with Mather rather than how he apparently "began" the answer to one question about his boyhood.

I too would like to see full transcript. If it shows that in full context, there is no inferred attraction to the club - on religious grounds - by Mather himself or by his parents, then Keevins is the fud. Call me a cynic though.........Ps. if you know how this can be accessed, please feel free to share. ;)

Edit to add his name again, why do I keep forgetting. :1eye

Edited by Apache Don
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Summary of charlotte so far.....

Extreme Fakeover: Glasgow Edition

Thanks primarily to one twitter account and a lot of leaking, there has been a lot of fun going on thanks to developments in Rangers land. The vast amounts of leaks occurring have engulfed the club in a series of fresh crises and the latest one (the only one not having come through the twitter account in question) is the most deadly.

But what are these revelations and what do they mean? Much of the below is based around information from the twitter account @charlottefakes (https://twitter.com/CharlotteFakes). If you don't follow it currently, make sure you do.

Leak 1 - Rangers Letter Before Claim link

What is it about?

In short, this is the letter sent to Rangers on behalf of Craig Whyte stating Excuse me lads, you appear to have shafted me

What is the importance?

It details exactly what Charles Green and Imran Ahmed are alleged to have done and details exactly what evidence there is to back it up.

a) "Accordingly, Aidan Earley approached Imran Ahmed to invite him to participate in the takeover plan" - Confirming that Ahmed and Green were involved in Rangers only at the behest of Craig Whyte

b) "Aidan Earley to receive an equal share of a fee consisting of £250,000 plus 10% of the enlarged share capital" - Confirming that Aidan Earley, on behalf of Whyte, was contracted to receive renumeration for his part.

c) "(without £25k to pay lawyers) Charles Green's Cheque to FFW would have bounced" - Not just quite funny, but also showing that, without the hand of Whyte, there was no way the takeover could have gone through on it's own as Green et al didn't have the money to hand to get things started!

d) "Turned down alternative offers" Considering that Duff and Phelps were Craig Whyte's choice of appointment for administrators, this is tantamount to admitting that Duff and Phelps turned down valid offers for Rangers at the behest of Craig Whyte even when offers were not on the table.

e) "Introduced Jim Park as a consultant in order to introduce Mike Ashley as both a key investor and developer of the RFC retail arm" - That is this Jim Park - http://www.dailyrecord.co.uk/news/sc...-taken-1220783 - Notice how he denies knowing Whyte in the article. Clearly telling porkies there in the Record.

f) Evidence. This alleges that Whyte/Sevco 5088 possess some of the following - Audio recordings of Charles Green confirming Whyte and Earley's involvement, Charles Green's signature confirming Whyte and Earley's involvement, correspondence detailing how Whyte's involvement would be hidden, text messages with Imran Ahmed's Mums bank details and confirmation she received £137.5k from Whyte and the CVA document (as detailed previously, this stated Sevco 5088 were getting assets not Sevco Scotland).

Most of this has leaked. Most of this is damning. Most of it probably wouldn't be admissible in court.

g) Breaches. Assets were moved, without permission, from Sevco 5088 to Sevco Scotland, Charles Green laid into Craig Whyte at every opportunity, Whyte and Earley were not repaid the money they loaned and Sevco Scotland became Rangers, not Sevco 5088.

All of this is fairly easily proven with a couple of documents and bank statements. It would seem somewhat of an open and shut case.

h) Losses. Aidan Earley lost £62,500 initially, £25,000 to Charles Green and 10% of the enlarged shareholding (thats approx £3.6m on current market cap). Craig Whyte lost the opportunity to redeem his reputation (although, one could argue that's not really salvageable anyway). Both lost the opportunity to be large shareholders in an initially successful flotation.

i) Finally, "we are very concerned therefore that you intend to raise investment on assets that you do not own (through the IPO) and therefore perpetrate a fraud on both ourselves and potential investors"

I have mentioned before my opinion that the IPO was solely a device with which to obfuscate the ownership. This financial obfuscation is in black and Whyte there.

Leak 2 - Charles Green on Deloitte

What's it about?

"Now, obviously thats not for public consumption"

What's the importance?

Proof, on tape, that Charles Green misled Deloitte on the involvement of a member of his consortium. If he misled them on one, who else did he mislead them on? Perhaps even more importantly, who else has he actually mislead?

Deloitte are, of course, doing the investigation into Charles Green's conduct. Im sure that this leak would make some interesting evidence for them.

Leak 3 - Imran Ahmed and Wonga.com link

What's it about?

How Rangers could get their hands on £8m of working capital

What's the importance?

By using Murray Park as collateral. Perhaps this is why they wanted to rename it as a bargaining tool to knock a couple of points off the interest rate. The other thing to note is the date - Imran Ahmed was still discussing funding Rangers via Whyte and Earley and (presumably) Sevco 5088 when the club was already in the hands of Sevco Scotland without them being aware of it!

Leak 4 - Scouting For Girls link

What's it about?

Craig Whyte discusses where savings can be made

What's the importance?

Firstly, that ditching JJB was decided upon before Mike Ashley was ever introduced to the club is an interesting point to make. Of much more fun, however, is Craig's judgement of the Rangers personnel: Halve Ally's Salary and then, pretty much, sack all the players! Kirk Broadfoot is "useless", Lee McCulloch has "zero sell on value", Alan McGregor is "too expensive" at £25kpw. Only Steven Davis is saved from Whyte's cutting analysis of the first team squad. Of course, the greatest irony is that, of all the players mentioned, Lee McCulloch, of whom Whyte said to terminate his contract, was the only one to stay on. Even funnier than that is the mental image of Lee McCulloch working out that he's actually been working for the past two years for someone of the opinion that he is a waste of space and should be fired.

Leak 5 - Accounting link

What's it about?

Financial Projections

What's important about it?

Well, that Rangers, had they been saved in a CVA, would still have been budgeted to lose £6m in 2012-13 is startling considering they couldn't stay afloat particularly as that £6m budget loss included revenues from a) the SPL and b) European football. That Rangers are still losing £1m a month after trimming £11m off the wage bill shows how bad things must be there. Based on those projections and a bit of rough maths in my head, that would suggest that Rangers are currently, at the very most, making £12m per year - based on losing £1m per month with the £11m trimmed off the wage bill for the budget for 2012/13 with no other falls in costs. Bearing in mind that it is highly unlikely that Rangers haven't trimmed costs elsewhere, revenues could really have gone through the floor unless costs elsewhere have not fallen or increased, which would be grossly negligent.

Leak 6 - He's not the chosen one, he's a very naughty boy link

What's it about?

Paul Clark, partner of Duff and Phelps, calls Charles Green Craig Whyte's chosen one

What's important about it?

It clearly indicates that Duff and Phelps were in on Sevco from the very beginning, going to the extent of a partner at the firm jokingly calling Charles Green "The chosen one" and asking if Craig Whyte has "signed the letters". In addition, it is revealed that valid offers to buy companies dont need to come in on a nice shiny letterhead, instead they can be just tapped out while waiting in line to try and order Yorkshire Tea at Starbucks for the millionth time.

Leak 7 - Thought you may know something link

What's it about?

Duff and Phelps get asked about the big tax case

What's important about it?

That they got asked for their opinion before Craig Whyte ever bought Rangers proving they had involvement in the original takeover thereby showing that they shouldn't have been anywhere near running the administration of the club.

Leak 8 - Sevco 5088 buy Rangers

http://www.scribd.com/doc/142103828/Letter-and-SPA

Long and important document as this is the one which commits Sevco 5088 (and NOT Sevco Scotland) to Rangers. 73 pages long and the important bit is the first two words although the rest will certainly be of interest to those better versed in what this sort of thing should look like than I.

Leak 9 - Charles and Craig have a chat link

What is it?

Charles and Craig discuss The Blue Knights and Alistair That effer Johnstone on Craig's dictaphone

What's important about it?

Charles, Craig and Aidan Earley talk about their progress. Almost a Sevco 5088 board meeting, as it were, albeit one would think that few board meetings would be as potty mouthed as Charles Green in this audio clip.

Leak 10 - Leak-al Counsel link

What is it?

Aidan Earley gets legal advice on Sevco 5088's claim to Rangers

What's important about it?

Firstly, it cannot go without mention that, as part of this, Craig Whyte lays claim to the book and film rights to his takeovers. It goes without saying that the counsel on his claim to these rights is that it does not require comment.

The importance, however, is that they are of the opinion that, should Earley and Whyte seek to take on Rangers, theres a pretty good chance they could win and that Charles Green did act inappropriately. Green was "in breach of his fiduciary duties to Sevco 5088" and that Sevco 5088 should be able to legally overturn the sale.

Leak 11 - Nothing's Gay in a 5 Way

https://www.dropbox.com/s/u6qvb6ltlq...20Original.pdf

What it is?

A draft of the 5 way agreement that apparently came out late last year but seems to have been buried until popping up again recently.

What's important about it?

Where to start? Rangers guaranteed 1st Division football at least, Rangers guaranteed the stripping of 5 titles and 4 cups (though no League Cups. They just stay there for some reason. I suspect because no-one cared enough), that the 3 year exile from Europe is scribbled out, that Rangers had to provide the full details of everything to the SFA for them to consider the application (but, later on that, as long as all was received, they'd be waved through). It's all interesting, it's all explosive.

----

All in all, its been a pretty noteworthy week. On reflection of where we were just 6 months ago, events have proceeded to make Phil MacGiollaBhain's "Downfall" appear like a prologue rather than a book - like a history of World War Two written in 1939.

One gets the feeling that it is only now that the phoney war has truly ended.

http://www.thefootballlife.co.uk/pos...lasgow-edition

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http://www.scribd.com/doc/142362465/Family-Friend

email from Alistair Murning to Craig Whyte's father 6 months before Murning, ibrox season ticket holder and part of the 3 man panel who's names Super demanded to know, sat in judgement of Sevco

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