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Big Rangers Administration/Liquidation Thread - All chat here!


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Not just yet, patience lad, patience

If minimum subscription not reached "Company will be unable to pay its creditors as they fall due and the future will be uncertain... 1/2

...The Directors will immediately have to seek emergency financing which may or may not be available." 2/2

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"We are planning on doing something the fans really won't like, and to make it easier we are going to kid on we are offering them the chance to avoid it, so we can then point the finger at them when it happens"

£4m or they can't pay the bills. They should be facing a points deduction for this announcement. They should never have been given a license to participate unless they could guarantee they could meet the outgoings for the season ahead. No club should.

Edited by Ross.
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That's a stark warning, isn't it. Pay up or the lights go out. No long term finance plan in their either so what happens when that £4m runs out if they do raise it? Even if they get to the Premiership there's not necessarily enough money there to cover their outgoings.

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Why were they not asked to post a bond in the same way that Livingston were a few years back?

Very good point, but it won't happen as they are the people. National disgrace. They should be asked for a bond to guarantee that they see out the season. If they can't 'cough up' they should be relegated immediately to League 2. Won't happen though as our national game is corrupt.

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Does anyone have any idea what the weekly wage bill is for the playing staff?

As far as I'm aware Ally is the highest paid manager in Scotland, he was earning a bigger wage than Lennon

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Does anyone have any idea what the weekly wage bill is for the playing staff?

Ball park figure. Way too much!!

Anybody investing in this share issue is just throwing good money after bad. Administration looks to be a certainty if not now but in the very near future. IMO it is better to bring things to a head now and take it from there.

I actually agree that Rangers should have to post a bond or have some plan in place that guarantees they can fulfill their fixtures. I expect no rules to be bent or broken to accommodate any team no matter who they are.

It really is beyond embarrassing now. I am not a socialist by any stretch of the imagination but it really angers me when i see the money that is paid out to certain individuals in wages...So called 'Rangers Men' at that and their friends in the MSM defending them.

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