Jump to content

Big Rangers Administration/Liquidation Thread - All chat here!


Recommended Posts

Possibly my final post of today.

I think we're all getting ahead of ourselves with discussing what happens if NewRangers gets liquidated. The new club is in a vastly different position financially from the old club.

The old club was riddled with debts (and a massive contingent liability) primarily to the tax-man and a factoring agency. The new club (as far as I can tell) has liabilities to a couple of individuals and creditors. In addition, these liabilities are but chicken-feed in comparison to the Tax and Contingent Liabilities the old club had.

If administration happens (and I think it's only 50:50 anyway). The new club is a much more viable investment than the old one.

I think the chances of liquidation are negligible.

Yours

Adonis

But the post-admin crippling of the playing squad that would be required to turn Rangers into a going concern is a reasonable outcome. Level playing fields'n'that.

I still think Rangers' chutzpah will lead to liquidation shortly after admin. Outgoings > Income.

Link to comment
Share on other sites

Enjoy the despair and frustration doon the swamp ...

http://forum.followfollow.com/showthread.php?t=1021764

God, I actually feel quite sorry for the guys on there.

In fairness, there's little evidence of putting it all down to the SFA or Lawell.

Instead, there appears to be a recognition that they've been played.

Link to comment
Share on other sites

God, I actually feel quite sorry for the guys on there.In fairness, there's little evidence of putting it all down to the SFA or Lawell.Instead, there appears to be a recognition that they've been played.

If only folk had warned them.

Link to comment
Share on other sites

God, I actually feel quite sorry for the guys on there.In fairness, there's little evidence of putting it all down to the SFA or Lawell.Instead, there appears to be a recognition that they've been played.

How far does a penny drop in 2 & a half years?

Link to comment
Share on other sites

Not a chance. I might go to the occasional away game and by occasional i mean one or two but i wont be going to any more run of the mill daft cup games, Friendlies at Ibrox.

I had not missed a game of any description at Ibrox for many years but already this season i missed the Clyde game in the cup and have no intention of going to the upcoming ICT game.

Now if we get celtic at Ibrox or Aberdeen at Ibrox i may choose to buy a ticket but it will be purely on a game by game basis.

I have already booked a holiday abroad for the end of July/beginning of August next year. Something i wouldn't have dreamed of doing before this fiasco.

Sorry to disappoint hbqc but i wont be rejoining the Non season ticket games at Ibrox any time soon....Unfortunately

picking the games Rangers have a chance in? Glory hunter.

Link to comment
Share on other sites

Seriously what goes on in their heads.



--------------------------------------------------------------------------------

Following a meeting of the Rangers Supporters Trust (RST) board we have the following statement to release.

As shareholders in Rangers International Football Club (RIFC) we have decided unanimously to partake in the upcoming open offer. This will be carried out using funds from our BuyRangers fan ownership scheme.

Whilst we still have deep concerns about the current situation at the club, as a board we believe that given fan ownership is the raison d’etre of the organisation it is in our members interest to participate in the open offer to maintain our current shareholding.

In order for the RST to continue its primary objective we urge as many fellow Rangers fans to join and contribute to our BuyRangers scheme from as little as £11.25 per month at www.therst.co.uk/buyrangers.

Edited by bennett
Link to comment
Share on other sites

Seriously what goes on in their heads.

--------------------------------------------------------------------------------

Following a meeting of the Rangers Supporters Trust (RST) board we have the following statement to release.

As shareholders in Rangers International Football Club (RIFC) we have decided unanimously to partake in the upcoming open offer. This will be carried out using funds from our BuyRangers fan ownership scheme.

Whilst we still have deep concerns about the current situation at the club, as a board we believe that given fan ownership is the raison d’etre of the organisation it is in our members interest to participate in the open offer to maintain our current shareholding.

In order for the RST to continue its primary objective we urge as many fellow Rangers fans to join and contribute to our BuyRangers scheme from as little as £11.25 per month at www.therst.co.uk/buyrangers.

You won't be helping out then?

:thumsup2

Link to comment
Share on other sites

I know I have had my fun winding up and goading the Rangers fans on here but seriously ?

Everything that is happening at Ibrox is all the SFA's fault, they botched this up spectacularly trying their hardest to keep the OF alive and it has blown up right in their face like a nuclear bomb.

The fans were already consigned to the club being liquidated back in early 2012, and as painful to them as it was it doesn't even come close to the embarrassment they are receiving these days with this same club shite they concocted on the back of a fag packet to woo the fans back in their tens of thousands. We all knew there would have been another club at Ibrox resembling the previous club and would have adopted the previous clubs honours into the new club.

The SFA have bent themselves so far backwards they couldn't even see what they were creating ?, a fucking shambles. They neither stepped in at any time to ensure the spivs had the clubs best interests at heart, they neither made provisions in agreements for the club to spend within it's means in it's first few years when dealing with the conman that is Green & co, they could have imposed a spending limit on players wages, there were many many measures they could have done to ensure the Rangers fans would still have a club even with the spivs in charge.

They have allowed things to get so bad at Ibrox they the SFA may have accidentally may have created the right environment for the cnuts in Ibrox to completely destroy any chance of another person or group to reform the club again in it's present form. Rangers as they are could very well be obliterated and the fans can't do a damn thing about it.

It's time for the SFA to act and bring this Bod at Ibrox to answer for the clubs precarious predicament that could see numerous sponsor contracts being null and void causing financial problems at other clubs who rely on the cash to survive, ie the contract they penned to show Championship games and so on.

The SFA IMO are single-handedly destroying the game to get the OF back together to keep their fat bonuses.

Rant over.

Link to comment
Share on other sites

I know I have had my fun winding up and goading the Rangers fans on here but seriously ?

Everything that is happening at Ibrox is all the SFA's fault, they botched this up spectacularly trying their hardest to keep the OF alive and it has blown up right in their face like a nuclear bomb.

The fans were already consigned to the club being liquidated back in early 2012, and as painful to them as it was it doesn't even come close to the embarrassment they are receiving these days with this same club shite they concocted on the back of a fag packet to woo the fans back in their tens of thousands. We all knew there would have been another club at Ibrox resembling the previous club and would have adopted the previous clubs honours into the new club.

The SFA have bent themselves so far backwards they couldn't even see what they were creating ?, a fucking shambles. They neither stepped in at any time to ensure the spivs had the clubs best interests at heart, they neither made provisions in agreements for the club to spend within it's means in it's first few years when dealing with the conman that is Green & co, they could have imposed a spending limit on players wages, there were many many measures they could have done to ensure the Rangers fans would still have a club even with the spivs in charge.

They have allowed things to get so bad at Ibrox they the SFA may have accidentally may have created the right environment for the cnuts in Ibrox to completely destroy any chance of another person or group to reform the club again in it's present form. Rangers as they are could very well be obliterated and the fans can't do a damn thing about it.

It's time for the SFA to act and bring this Bod at Ibrox to answer for the clubs precarious predicament that could see numerous sponsor contracts being null and void causing financial problems at other clubs who rely on the cash to survive, ie the contract they penned to show Championship games and so on.

The SFA IMO are single-handedly destroying the game to get the OF back together to keep their fat bonuses.

Rant over.

Shhhhh

Link to comment
Share on other sites

I know I have had my fun winding up and goading the Rangers fans on here but seriously ?

...It's time for the SFA to act and bring this Bod at Ibrox to answer for the clubs precarious predicament that could see numerous sponsor contracts being null and void causing financial problems at other clubs who rely on the cash to survive, ie the contract they penned to show Championship games and so on.

The SFA IMO are single-handedly destroying the game to get the OF back together to keep their fat bonuses.

Rant over.

Away. Don't you start saying other clubs are damaged by having Rangers in the shitter again.

Only 3 clubs have been damaged by the shambles at Ibrox over recent years.

Link to comment
Share on other sites

If they go tits up again I think they might go down the buy another club route this time...just for the variety. Broomhill SC in the Mickey Mouse League could be bought for under a pound. It would then be a simple matter of securing a few guys on 10 grand a week to beat Spartans and Whitehill Welfare etc. I'm sure it'll be a privilege to visit new grounds and make even more friends on the journey. Super Ally will repeat his winning formula for years to come.

Link to comment
Share on other sites

Rangers

The Rangers

Hearts

???

I'm sure you mean Rangers, The Rangers and Celtic!

Serious question for the Ibrox boys, if it does pear shaped would the fans be able to put past disagreements behind them and try to put in a bid themselves? Or are there too many groups with different agendas?

Link to comment
Share on other sites

Away. Don't you start saying other clubs are damaged by having Rangers in the shitter again. Only 3 clubs have been damaged by the shambles at Ibrox over recent years.

Really ?, Rangers go bust and one less club in the league and the TV company pulls the plug on the Championship deal or renegotiates it to a lower sum, the other clubs left with one or two home games they won't be receiving revenue for. I know it's not a lot but to some clubs they will feel the pinch. I stated there was a knock on effect to the other clubs should this current Rangers club goes bust mid season. The smaller clubs in the Championship who calculated their finances with a Rangers FC in it will deffo feel it.

As I said the SFA have created an environment that will affect the other clubs should Rangers go bust mid-season.

ETA

Edited by hellbhoy
Link to comment
Share on other sites

Hmmmmmm.......

You've got me there.

All the tax dodging, debt avoiding clubs seem to have a constant trait and that 'clue' doesn't fit..........

Rangers

The Rangers

Hearts

Hearts

Dundee

Dundee

Dundee

Motherwell

Airdrie

Etc etc etc...........

See the connection?

ten_pound_note.jpg

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.
×
×
  • Create New...