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Big Rangers Administration/Liquidation Thread - All chat here!


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"Continued negative external comment and campaigns have created significant operating difficulties and have been threatening the club's orderly and progressive recovery."

It 's no oor fault, it's a' they basturts oot therr, huv we no' suffered enough?

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Never realised that so many of the P's n D's were so witty, i expected post after post of the same old unoriginal tripe today but they have surprised me.

Almost up there with the Oscar Wilde Loyal Rangers supporter group.

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It's pretty hard to digest some of the facts that have been confirmed here:

  • Almost £70m spent in a season and a half
  • Substantial reduction in season tickets make the club insolvent
  • On point 2 how can you predict anything else in the face of boycotts, price increases and CASH ONLY purchases!
  • CASH ONLY!! Jeez, thats a real slap in the teeth from the market.
  • Players they couldnt afford
  • Excessive fees paid for infrastructure improvements with no return.

and then the myths:

  • Win the Championship at first attempt
  • Win PL and qualify for Champs League by 2017
  • A share issue to raise £30m

They can't be that stupid.... my own money is on an Administration of the Private Company RFC. This will be sold to Dave King for as much as possible without Ibrox and any other substantial Asset. Allows the club to get rid of some of the high paid players, gives a lump sum to the creditors and ongoing rent for the forseeable from using the stadium, training pitch, car park etc.

Either that or curtains.

What a glorious day!

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"Continued negative external comment and campaigns have created significant operating difficulties and have been threatening the club's orderly and progressive recovery."

It 's no oor fault, it's a' they basturts oot therr, huv we no' suffered enough?

"A big boy did it and ran away."

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Has King responded yet? That could be...interesting

Hey, cut the "glib shameless liar" some slack, it'll take a while to ride a white horse all the way from South Africa with £30M in the saddlebags.

In all seriousness it's an interesting quandry for him, and for the Rangers fans.

On the one hand - asking for ST renewals in cash, the general gloom of the review, and the club having got into this mess plays into the King camp's hands. "Ye cannae trust 'em, kick 'em oot, get Wur Dave and his millions in, WATP".

On the other hand - King espouses exactly the strategy that has taken the club back to this point, spend money we don't have to compete on all fronts quicker and better, and there's a risk that starving the club of income might kill it not just purge it.

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Never realised that so many of the P's n D's were so witty, i expected post after post of the same old unoriginal tripe today but they have surprised me.

You've came back to us...

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The end game for the spivs is get the ST money, spend / steal it within a few months, sell the assets, spend / steal that within a few months.

Better off forcing the end game now.

Nonsense, it'd be far better waiting until the official end of the season. ;)

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Cash only to buy a season ticket because the banks and credit companies don't trust they'll last a season?

£70m spent in two years?

Putting it in bold that they need ST sales to flourish or else they will need to get immediate investment for the short term?

What about spending £2m on installing Wifi and electronic advertisement boards?

Completely scrapping their scouting and network system?

Aimed to be challenging for the SPFL title by 2015/16? then winning it and competing in Europe by 2016/2017?

Looks like they will be make redundant the office staff and other honest hard working workers, while utter c***s like Lee McCulloch continue to rake in thousands a week. Sums it up.

Fucked, absolutely fucked. Pleasing.

Are they seriously expecting 40 thousand fans to stroll up to Ibrox with £400 a skull in their back bin to hand over personally for a season ticket? Expect muggings in the Govan area to implode.

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Have I got this right - a club who are desparate for cash and are only being classed as a going concern due to "projected" season ticket sales are now telling those fans already enroled in an automatic ST renewal scheme that said scheme is no longer in existence as they no longer have the ability too take payments by credit or debit card and it's up to the fans to now pay by cash (cheque ???) only. I used to think SMFC we poorly run when it came to admin / sales but this is beyond mental. How bad do things need to get when a company with as many customers which must accept millions of financial transactions over a year can no longer get credit / debit card facilities. And to think all this is going on under the noses of and LICENSED BY the SFA / SPFL. It can only be a matter of time before this latest deck of cards collapses. You see this happening all the time with shops down the local hight street. Big signs up CASH ONLY no card payments an they invariably go bust within a few weeks.

A thought just occured. What mentalist is going to buy a ST now it is cash only. Payment via credit / debit card would presumably have given the payee some protection if / when the club goes bust and does not start next season. This has to be a massive own goal, classic shooting yourself it the foot stuff.

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