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Big Rangers Administration/Liquidation Thread - All chat here!


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LOL..they cant even get an advisor to deal with them on the ISDX.How long do they wait before blaming the old board again?http://www.heraldscotland.com/mobile/news/home-news/rangers-yet-to-apply-for-admission-to-alternative-stock-market-after-aim-delisting.124275803

Have they tried the YMCA yet?
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Mike Ashley’s legal team have taken on the Scottish Football Association over the £7500 fine imposed on the Newcastle United owner for breaching rules on dual ownership through his interest in Rangers. Telegraph Sport can also reveal that Ashley’s representatives asked the governing body of Scottish football to process an appeal against the sanction in confidence but that it is not known when the matter will be resolved – or even if it will be dealt with before the end of the season.

Whatever the outcome, it's pleasing to see the SFA being challenged, IMO.

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LOL..they cant even get an advisor to deal with them on the ISDX. How long do they wait before blaming the old board again? http://www.heraldscotland.com/mobile/news/home-news/rangers-yet-to-apply-for-admission-to-alternative-stock-market-after-aim-delisting.124275803

QUOTE:

"Mr Murray added that its refusal to grant the club an extension to "fast track" across to ISDX means it now has to go through the consuming and costly route of applying for admission, which can take two months or longer."

Deja Vu?

"Mr Green added that refusal to grant the club a "fast track" to the Championship means they now have to go through the consuming and costly route of applying for admission to the league." (Note: I'm taking a bit of a liberty, but you get the general gist)

Do they get to keep their toxic (economic) history?

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Whatever the outcome, it's pleasing to see the SFA being challenged, IMO.

This must be costing him more than £7.5K in legal fees. Is he just being a tosser or is he fighting for what he thinks is right? (Anyone remember The Flashing Blade? During the Banana Splits, wasn't it?)

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This must be costing him more than £7.5K in legal fees. Is he just being a tosser or is he fighting for what he thinks is right? (Anyone remember The Flashing Blade? During the Banana Splits, wasn't it?)

If he wins and the SFA change their policy then he could break the stalemate, take control of the club and probably get his money back.

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This must be costing him more than £7.5K in legal fees. Is he just being a tosser or is he fighting for what he thinks is right? (Anyone remember The Flashing Blade? During the Banana Splits, wasn't it?)

Loved the Flashing Blade. Seemed to be on every Summer Hols.

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Sevco's options are starting to run thin as time passes by, failure to reach the top tier is definitely going to send the club into insolvency sooner rather than later.

So we have had the SFA and the clubs unify to make the insolvency rules more strict !, how long until they get implemented ?, now or at the start of next season ?

Potless Paul went to meet with representatives of Sports Direct. What was his intent at the meeting ?, was he out with the begging bowl or trying to (don't laugh) renegotiate the onerous contracts to Rangers FC favour ?

Then came the news of another bridging loan after Potless meets with SD, a bit of a coincidence I'd say.

Now everything at Mordhor appears to be hinged which division the club will be playing football in next season, no one is making a move either way. The fans are dubious about buying an ST and the board are holding back from pumping in their alleged investment of tens of millions.

Interesting times ahead should they fail to get promoted and also how fucking gullible the fans will be should they get promoted. Promotion means they are willing to throw money at the club without question in the hope they make a title challenge of sorts.

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After failing to beat Falkirk at the asbestos dome today we can now see the end of Sevco in sight. The stenographers are feeding the people moonbeams about McCall having a warchest and dossier (lol) to keep them on board, but the reality is insolvency will be assured when they fail to go up. Then we'll see the feeding on the corpse by Big Mike and the three blind mice will get burned. GASL will not fund the 10-15m needed to keep the lights on, there is no credit line, no listing, no chance. :thumbsdown:thumsup2

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So another 'lights on' loan needed yet the manager is away making a transfer wish list?

Current burn rate of £1.5m a month. They need £18m at start of season to see it through. That's 40k season tickets at £500 a pop before tax... I think after tax it may actually be £2m short. Cant look to retail, cant sell certain assets due to previous loans being levied against them.

Quite literally, they fail play offs and I think its bye bye sevco.

The glib one and his potless pal, not content enough to kill rangers, started this clubs death spiral a year ago with their boycotts and other pish.

Whilst on cheek is always cheated never defeated, this lot should be 'duped 'n' tuped'

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So another 'lights on' loan needed yet the manager is away making a transfer wish list?

Current burn rate of £1.5m a month. They need £18m at start of season to see it through. That's 40k season tickets at £500 a pop before tax... I think after tax it may actually be £2m short. Cant look to retail, cant sell certain assets due to previous loans being levied against them.

Quite literally, they fail play offs and I think its bye bye sevco.

The glib one and his potless pal, not content enough to kill rangers, started this clubs death spiral a year ago with their boycotts and other pish.

Whilst on cheek is always cheated never defeated, this lot should be 'duped 'n' tuped'

Well that shouldn't be a problem........................

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So another 'lights on' loan needed yet the manager is away making a transfer wish list?

Current burn rate of £1.5m a month. They need £18m at start of season to see it through. That's 40k season tickets at £500 a pop before tax... I think after tax it may actually be £2m short. Cant look to retail, cant sell certain assets due to previous loans being levied against them.

Quite literally, they fail play offs and I think its bye bye sevco.

The glib one and his potless pal, not content enough to kill rangers, started this clubs death spiral a year ago with their boycotts and other pish.

Whilst on cheek is always cheated never defeated, this lot should be 'duped 'n' tuped'

Still, at least the good guys won...

Still not sure if I'm seething or not,tbh. Maybe there's a racist cabbie out there who could describe the feeling?

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So another 'lights on' loan needed yet the manager is away making a transfer wish list?

Current burn rate of £1.5m a month. They need £18m at start of season to see it through. That's 40k season tickets at £500 a pop before tax... I think after tax it may actually be £2m short. Cant look to retail, cant sell certain assets due to previous loans being levied against them.

Quite literally, they fail play offs and I think its bye bye sevco.

The glib one and his potless pal, not content enough to kill rangers, started this clubs death spiral a year ago with their boycotts and other pish.

Whilst on cheek is always cheated never defeated, this lot should be 'duped 'n' tuped'

Surely they can reduce that burn rate as expensive contracts begin to expire

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According to

http://www.transfermarkt.co.uk/glasgow-rangers/kader/verein/124/saison_id/2014

There's 11 players out of contract at the end of May and another 7 at the end of June.

They'll only keep burning money at that rate if they retain those players or hire their replacements at similarly expensive rates.

And they're not going to be daft enough to...

...oh hang on

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It's the Sevco way. Blowing money on haddies and 'club legends' is all they've known in their short existence.

Random thought - when will the Tribute Act run out of players who have turned out for rangers AND are willing to accept playing for a second rate club at second rate wages?

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