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Big Rangers Administration/Liquidation Thread - All chat here!


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It should be on their site .. cannae be arsed looking for it. Usually a bugger to find.

Edit: http://spfl.co.uk/spfl/

37

E

Club Financial Arrangements

Insolvency

E1

Subject to Rule E5

, where a Club suffers or is subject to an Insolvency Event that Club shall be deducted 15 points in the League

.

E2

Where an Insolvency Event occurs during a Season, the 15 points deduction shall be applied immediately to take effect in the current Season.

E3

Where an Insolvency Event occurs during the Close Season the 15 points deduction shall apply in respect of the immediately following Season, such that the relevant Club starts that immediately following Season in the relevant Division on minus 15 points.

E4

Where an Insolvency Event or in the event that such Insolvency Event is part of anInsolvency Process that process, continues and/or is subsisting during a second orlater Season then, for each such second or later Season, during the whole or part of

which such Insolvency Event or Insolvency Process is continuing and/or subsisting, the Club concerned shall be deducted 15 points and shall start each such second or later Season in the relevant Division on minus 15 points.

E5

Where a Club, whether owned and operated by the same or a different Member, suffers or is subject to an Insolvency Event

which results in a deduction of points interms of these Rules

and within 5 years of the date of such Insolvency Event

suffers or is subject to a further Insolvency Event which is not part of the same Insolvency Process as the Insolvency Event then suffered, the points deduction applicable in terms of Rules E1 in respect of that second or further Insolvency Event, shall be 25 points with the 15 points in Rules E2 and E3 being 25 Points

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Awe diddums, looks like the troops are no longer enjoying the journey and they are now walking away because their best player is being sold. Welcome to the real world. At least reality does appear to have finally sunk in to some of the nuggets heads....at long last...lol

http://forum.rangersmedia.co.uk/index.php?showtopic=277714&&page=3

Edited by Sting777
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Awe diddums, looks like the troops are no longer enjoying the journey and they are now walking away because their best player is being sold. Welcome to the real world. At least reality does appear to have finally sunk in to some of the nuggets heads....at long last...lol

http://forum.rangersmedia.co.uk/index.php?showtopic=277714&&page=3

"reality," eh?

Surely it would have best to wait till new manager in place and the Jan bidding started.

Even possibly keeping for couple more years and selling on once capped and won prem league !

He'd potentially be a 5mil + player

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37

E

Club Financial Arrangements

Insolvency

E1

Subject to Rule E5

, where a Club suffers or is subject to an Insolvency Event that Club shall be deducted 15 points in the League

.

E2

Where an Insolvency Event occurs during a Season, the 15 points deduction shall be applied immediately to take effect in the current Season.

E3

Where an Insolvency Event occurs during the Close Season the 15 points deduction shall apply in respect of the immediately following Season, such that the relevant Club starts that immediately following Season in the relevant Division on minus 15 points.

E4

Where an Insolvency Event or in the event that such Insolvency Event is part of anInsolvency Process that process, continues and/or is subsisting during a second orlater Season then, for each such second or later Season, during the whole or part of

which such Insolvency Event or Insolvency Process is continuing and/or subsisting, the Club concerned shall be deducted 15 points and shall start each such second or later Season in the relevant Division on minus 15 points.

E5

Where a Club, whether owned and operated by the same or a different Member, suffers or is subject to an Insolvency Event

which results in a deduction of points interms of these Rules

and within 5 years of the date of such Insolvency Event

suffers or is subject to a further Insolvency Event which is not part of the same Insolvency Process as the Insolvency Event then suffered, the points deduction applicable in terms of Rules E1 in respect of that second or further Insolvency Event, shall be 25 points with the 15 points in Rules E2 and E3 being 25 Points

"But the last lot were all crooks. They are up on fraud charges. Rangers wus robbed and the SFA and SPFL have to give back all the points and refund all the fines and take away the tainted titles that the s**m won."

Rules just don't apply to them. :lol:

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Ashley knows that if the company/club/entity goes into admin and he has claim over Ibrox/MP/the badges, etc then all he needs to do is let the company be liquidated. There will be no shortage of rich "Rangers men" queuing up to pump money into "their club"

There was a severe shortage last time, and at that point, all the assets you mention were available for peanuts.

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There was a severe shortage last time, and at that point, all the assets you mention were available for peanuts.

But last time they were all waiting for a Russian oligarch or an Arab sheikh to step in. This time it will be real "Rangers men" who will put up the money. Only thing is, their theme song, "Penny Arcade", will sum up their situation just perfectly.

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£1m for MacLeod plus it looks like the £6,5m from Park and co is going through http://www.bbc.co.uk/sport/0/football/30634541- so they're pretty close the £8m they apparently need to stagger through to the end of the season...

You forgot the little matter of £3M that they owe Ashley in April.

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I suppose the support of Ashley could be compared to support of a bank. The big difference, however, is that the bank lends money in the expectation that it will be paid back, whereas Ashley seems to be lending money fully aware that there is no way it can ever be paid back and he will get the security instead.

Only counts if he offers his financial support formally and the board ensures due diligence on whether he can meet his commitment or not. The latter is easy. The first part I would guess is impossible because Ashley will want his pound of flesh in return. There will be nothing for nothing. And of course with the SFA hovering he will have additional limitations on the options.

Regardless of the outcome, it is clearly essential that Rangers cut their costs significantly. The leaks on salaries from Ally to Team Kitmen is all about preparing for the day of the long knives. Durrant has been punted away from any influence or ability to tittle tattle. Mcdowall was told who his assistants are and has clearly accepted he will do as he is told by Llambias. McCullough is now in the 'yes sir' camp and won't be a focal point for any revolt.

So, ready to go with the cleansing. :thumsup2

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Going with the Three Bears?

http://www.bbc.com/sport/0/football/30634541

PR morale piece .. or serious intent?

Thanks for that one DhenBhoy. It really reads as a PR statement straight from the Rangers boardroom, published without questions by McLoughlin.

The Three Stooges sent a formal letter of offer to the board with proof of funds.

Suspect that would be enough in allow them to continue to trade while insolvent. 8)

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£1m for MacLeod plus it looks like the £6,5m from Park and co is going through http://www.bbc.co.uk/sport/0/football/30634541- so they're pretty close the £8m they apparently need to stagger through to the end of the season...

That £8 million needed was based on them winning promotion in May....... not a given, also doesn't add in Sally's pay off, Ashleys loan and any other "surprise" payments needed

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