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Big Rangers Administration/Liquidation Thread - All chat here!


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I think the daily record just make stuff up at times.

But on Friday, after hearing claims that Rangers were becoming wealthy and were the "envy of English premiership sides" for their financial position, Lord Stewart ruled that there was still a "risk" of the Glasgow side becoming insolvent.

I mean who is honestly saying this!

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So Rangers have £1.2 million in cash, but can't spend £620,000 of it as it is ring fenced. It will be four weeks before the case is heard whether Ahmed is actually entitled to this money or not. Will this lack of £600,000 over the next four weeks prove fatal?

if you see an entire first team squad walking along the M8 to the next away game , then , yes is probably the answer. :lol:

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I do not see a lot of substance in that article, the crux of it seems to be about Ashley propelling Rangers back to champions league football and selling for a huge profit, while coining it in from the retail division.

To do this he would have to invest serious capital into the club, make wholesale changes and communicate his intentions to the fans, I do not see him doing any of this, he seems content dabbling with the retail arm, it would be too much risk.

No me neither, i don't think they're as au fait with the situation as some of us obsessives. ;)

Was just slightly interesting to see a Geordie view on his Rangers involvement.

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I enjoyed the analogy from Kincardine (and other fans) of how The Rangers were actually still the same Rangers much like Rolls Royce were the same Rolls Royce after their 1971 financial difficulties.

Aye, I recall the RR evening with great affection. Normally, when a Gers fan says something challenging the Diddies align with the Plastics. The delightful thing about those 4 pages of shite was that The Diddies kept schtum apart form Nhorman - the Plastic's own wee dhiddy.

Speaking of recidivistic ignoramuses, whatever happened to Boss Hogg who was fielding the pom poms in cheer-leading style through the RR debacle? Has the corpulent, racist, bigoted Sellick fan been Keithed again?

Now. I can't wait to hear which iconic company / brand died twice but is still the same.....

Hmmmmmmm you are pushing me now, china. Obviously I googled something like, "Global brands who went tits up not once but twice but whom every c**t in the world loves just as they do The Rangers"

The nearest I could find was Polaroid - whose corporate history is even more torrid than ours. The difference is that one of us is an outdated dinosaur whose glory years are fondly remembered but whose future is in severe jeopardy. The other is called.........(insert name of your choice) ;)

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The Lady doth protest too much: Rangers statement

“RANGERS Football Club has tonight released the following statement:

“Further to the Stock Exchange announcement regarding the court action taken by Imran Ahmad against Rangers, whatever the outcome of the court process, we agree with Judge Lord Stewart when he told the court: ‘This does not mean to say that insolvency is an actuality or is going to happen.'” ”

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The nearest I could find was Polaroid - whose corporate history is even more torrid than ours. The difference is that one of us is an outdated dinosaur whose glory years are fondly remembered but whose future is in severe jeopardy. The other is called.........(insert name of your choice) ;)

You hold onto that thought Kinky when the club finally keels over and dies through a financially spivco induced asphyxiation and the patient can't be revived anymore and some new tenant takes residence at the big hoose not called a "Rangers Football Club Ltd" but would like your money and support all the same.

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Aye, I recall the RR evening with great affection. Normally, when a Gers fan says something challenging the Diddies align with the Plastics. The delightful thing about those 4 pages of shite was that The Diddies kept schtum apart form Nhorman - the Plastic's own wee dhiddy.

Speaking of recidivistic ignoramuses, whatever happened to Boss Hogg who was fielding the pom poms in cheer-leading style through the RR debacle? Has the corpulent, racist, bigoted Sellick fan been Keithed again?

Hmmmmmmm you are pushing me now, china. Obviously I googled something like, "Global brands who went tits up not once but twice but whom every c**t in the world loves just as they do The Rangers"

The nearest I could find was Polaroid - whose corporate history is even more torrid than ours. The difference is that one of us is an outdated dinosaur whose glory years are fondly remembered but whose future is in severe jeopardy. The other is called.........(insert name of your choice) ;)

So what's your signature about?

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The Lady doth protest too much: Rangers statement

“RANGERS Football Club has tonight released the following statement:

“Further to the Stock Exchange announcement regarding the court action taken by Imran Ahmad against Rangers, whatever the outcome of the court process, we agree with Judge Lord Stewart when he told the court: ‘This does not mean to say that insolvency is an actuality or is going to happen.'” ”

AB, I remember when the great Whyte shark said the club wasn't going into administration and then it did. :)

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Sports Direct have a right to buy out Rangers from their share of Rangers Retail. The price to be paid relates to last years profits, which were not huge, IIRC.

Last week, McMadeupname reported that Mike Ashley had stepped in to ‘help out’ with the wages and taken control of the megastore. This week, it is reported that the RR staff have been transferred to Sports Direct ‘under TUPE regulations’

Putting those three things together surely means that the purchase option has been triggered. That in turn, surely means that the only money that Rangers will get in future from merchandise sales will be a token payment relating to the intellectual property licence fee?

There was a comment on one of the Rangers forums a while back that Rangers only got 30p for each shirt sale. That may be the value of the IPO payment.

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