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Big Rangers Administration/Liquidation Thread - All chat here!


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I struggle to believe a player of his agent or even a solicitor would sign a contract without reading it.

Oh aye, lets not forget they would have no chance of playing CL football within the time frame given. Sounds like shite to me

Really? I can easily believe that some of them would sign a contract without reading it properly.

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To be fair, I want to believe too. I don't generally read/believe Phil's blogs but this is hilarious if it's true

I'll opt for suspending disbelief and assuming it's accurate, or based on actual events, or even just based on the kind of thing that might happen.

It doesn't really matter

Except maybe to the young lady involved

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That means The Rangers lose out on about £300K per match.

Are you stupid?

asking Bennett if he's stupid is stupid itself. In fact asking Bennett any question is stupid as you'll never get s clear answer
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They could always secure lending against the stadium...

When the 3 bears gave the club a £1.5 million loan I had half expected the loan would have been secured against the stadium so that Ibrox would have been secured in the so called "Good Guys" camp, but it wasn't.

The orcs then took the loan which is unsecured as the good guys chipping in to help the club just because they are Real Rangers Men n aw rat.

It is quite possible that Ashley has already tied up the stadium already even though no money is secured on the stadium. Ashley has already loaned £5 million to the club secured on all the minor assets and the brand. When the draw down for the whole £10 million was penned and the minor assets secured against the first £5 million is the contract for the second £5 million secured against the stadium ?. Also possibly in Ashley's contract is that nothing else can be secured against the stadium because the second tranche has first dibs as security on the stadium.

This could be the condition of the 2nd £5 million loan to the club. So I personally think that Ashley has already tied up all of The Rangers assets by contract even though the club didn't like satisfying the conditions of the 2nd draw down which meant telling the bears that the stadium has been secured to Ashley and Ashley has all the clubs assets tied up in loans. Just imagine the meltdown from the bears knowing that Ashley has all the clubs assets tied up in loans with horrendous conditions. :lol:

If Ashley does have all the assets tied up and the the so called good guys can't secure their future loan funding to the club on the clubs assets then Ashley is now playing hard ball with the so called good guys. :) It means in the future the good guys loans will all be unsecured but the bears will think because the loans they give are unsecured they are doing the club and the fans a huge favour by pumping in money with no guarantee they'll get anything back if it all goes tits up.

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Play off money should be split between the two clubs, hope we charge £5 per ticket (if pricing is up to the club)

:lol::lol::lol::lol::lol:

50K supporters at £5 a ticket = £250K, half that goes to the SPFL leaving the club £125K then deduct 20% for tax purposes, yip that'll show the SPFL where to go walking away with £125K whilst The Rangers have to foot the excess if the bills come to more than £80K.

Brilliant Benny, absolutely brilliant footing of ones foot right off.

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THE SPFL is set to net a sensational £1million-plus windfall from Rangers as a result of a clause in their regulations over play-off gate money.

The governing body is entitled to 50 per-cent of all ticket revenue from the knockout matches - before costs - and it will bring in a sum beyond their wildest dreams.

Remarkably, Rangers are on course to pay out more than double the prize money of £342,000 they will receive if they finish second and go on to reach the Premiership play-off final.

Assuming the Light Blues take on and beat Hibs in the semi-final and then face either St Mirren, Motherwell or Ross County, two 50,000 Ibrox crowds will bring in well in excess of £2million.

Not only will Rangers have to hand over half of this revenue, they are required to do so within seven days of each match.

However, Rangers will have to wait until August to get the bulk of their entitled prize money - £232,000 of the £342,000 for finishing runners-up.

Regulation C26 states: "A levy of 50% of the monies (gross excluding VAT) received or receivable by the Home Club for all Play-Off Matches played in the Premiership/Championship PlayOff Competition from all admission charges paid and payable to and for the relevant Play-Off Match shall be paid by the Home Club to the Company within seven days of the date on which each Play-Off Match is played."

The stinging clause will also hammer Hibs who will have to hand over half of their ticket revenue from their involvement in the play-off - and that could be over £200,000.

They had to do the same last year when they lost to Hamilton Accies although the parachute payment of £500,000 eased the pain.

Ironically, chairman Rod Petrie was instrumental in pushing through this clause when the play-off procedure was introduced by the SPFL.

It was revealed last week that Newcastle United are due a payment of £500,000 if Rangers are promoted under the terms of a deal agreed by Derek Llambias, the ousted chief executive and former Magpies managing director, over the loan of five players.

Only Haris Vuckic has played regularly with Remie Streete lasting less than 45 minutes and the other three Kevin Mbabu, Gael Bigirimana and Shane Ferguson are all injured and unlikely to play at all.

So, incredibly, it is going to cost Rangers over £1.2million to get back up to the top flight.

On top of that, the SPFL is still involved in a battle with the Light Blues over the payment of a £250,000 fine imposed on the oldco for breaching EBT regulations.

The governing body claims that former chief executive Graham Wallace agreed liability on behalf of the newco but in a statement last December, Rangers said they were fighting this.

The SPFL then indicated they would withhold prize money from Rangers to cover the payment of this fine but the Ibrox club subsequently appealed to the Scottish FA.

A judicial panel has yet to meet to decide the matter and in the interim the SPFL has continued to make the staggered payments.

Where did this pish come from?

Ludicrous assumptions, not only about Rangers which are at least acknowledged as such, but about Hibs who it seems would apparently not need to beat anyone before facing Rangers.

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You'd know...

Being caught out creating a female alias, posted a pile of nonsensical pish about splitting up with your imaginary partner and had moved out into a B&B but still had the same IP address as your home.

Made a cnut of yourself about Turnbull Hutton passing away because you didn't read the post you were responding to properly.

Those are just two of your many thick and stupid things that you've done and there are many many more, so "NO" I wouldn't know how it felt to be thick & stupid Benny, so it was thick & stupid for you to say I'd know. :P

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Alias? Tell us more...

It was one of the funniest moments on P&B when Keithgy caught him out a belter and should have made it to comedy gold as Benny grabs the biggest spade ever and has the cheek to accuse the Mod of lying. :lol:

Start at VickyTheViking middle of the page and grab some popcorn. :)

http://www.pieandbovril.com/forum/index.php/topic/202591-sjcs-boat-thread/page-11

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