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Big Rangers Administration/Liquidation Thread - All chat here!


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this'll not end well for them they couldn't be arsed the first time. And now they have 25 000 fans willing to pay £20 each. Absolute bollox.
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Not if you look at RM at the attitude to it ... probably be the three nutters that are the SoS ... :lol: :lol: :lol:

Phew, was getting worried for a minute that they might actually try to save their club instead of threatening people and demanding better.

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Or are you telling us that any company registered as a subsidiary of a group does not have to submit it's returns to Companies House?

No, they certainly do have to submit a return.

Is the answer simply accounts have not been required to filed until now, Deloitte signed off on these accounts when publishing RIFC accounts last time and Rangers Ltd just haven't bothered filing them? Is that your position or is it something else?

That would be my guess. Corporate Governance hasn't been their strongpoint, has it?

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http://www.dailyrecord.co.uk/sport/football/football-news/owen-coyle-rangers-shouldnt-second-3112770

Thats another one on the list!

Not even 5th favourites to win the Scottish Cup.

To be fair to the bookies, their prices don't reflect who they think is actually most likely to win the cup. Instead, the prices reflect where the bookies think the weight of money is likely to fall and, hence, their risk exposure.

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The possibility exists that Deloitte now need to see, audit and sign off on those very accounts.

My point about the group accounts is that it would be impossible to sign off accounts without taking into account all of the subsidiaries. TRFC will most definitely have been audited and signed off as they would be a huge part of the group accounts.

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Share Price Information for Rangers Int (RFC)

Share Price: 25.50 Bid: 24.50 Ask: 26.50 Change: -0.25 (-0.97%) DownMovement_32.pngSpread: 2.00 Spread as %: 8.16% Open: 25.75 High: 25.75 Low: 25.50 Yesterdays Close: 25.75

'Tis enjoyable at work with the dual screen monitors - work on one side and updates of Sevco shares getting dumped by the thousands today on the other - nice work! Edited by bairney
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The most epic of all epic trolling from Phil whatshisname over the last couple of days, the poor orcs are running around like rabid dogs foaming at the mouth at every tweet, a siege mentality from Sevconialand because one blogger whistles in the wind,,,,,Stalag ,,,glorious.

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I covered that point ,, have you not read it or just ignored it?

For the avoidance of doubt

  • Subsidiary companies included in their parent’s consolidated accounts will be eligible for an audit exemption, if accompanied by a statutory guarantee from their parent company covering all of their outstanding liabilities
Deloitte (or whoever was in charge at that time? ) signed off on this basis originally or it could just be a rumour.

I think you misunderstand what you have quoted. The subsidiary may be exempt, but the group still needs audited. The subsidiary gets audited as part if the group but doesn't need audited itself as this would be wholly unnecessary. The group audit needs to include the subsidiary. That's the rules.

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