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Big Rangers Administration/Liquidation Thread - All chat here!


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Reporting Scotland - said 53 players on undeclared double contact EBTs - Barry Ferguson & Klos largest sums!

If that is the case, surely its the end for them and by that I dont mean the 3rd division!!! If all this is proved its crossroads time for Scottish Football

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OK, so D&P were in with Ticketus before admin? What was their role - was it major?

Well as they are posh FA's and appointed by Craigy boy, its gonna be good regardless :D

Noticed they have a 'financial forensic' lot join their 'team' last week.......to cover tracks maybe? :o

Harvester Forensics Limited Joins Duff & Phelps

NEW YORK, May 15, 2012 - Duff & Phelps Corporation (NYSE: DUF), a leading independent financial advisory and investment banking firm, today announced that Harvester Forensics Limited, a leading investigative and advisory firm based in Toronto, has joined Duff & Phelps’ Global Electronic Discovery and Investigations practice. Approximately six client service professionals will join Duff & Phelps - including Joe Coltson, a leader in the e-discovery and forensic industry across Canada, who joins as a managing director. This development strengthens Duff & Phelps’ growing presence in Canada, which was established by the acquisition of Toronto-based financial advisory firm Cole & Partners in 2010. That team focuses on dispute consulting, valuation and corporate finance advisory services. In 2011, the Canadian group was further enhanced by the addition of RSM Richter’s Financial Restructuring Practice in Toronto. Those professionals focus on restructuring and insolvency as part of Duff & Phelps’ Global Restructuring Advisory practice. “The addition of skilled and seasoned colleagues from Harvester enriches our team on the ground in Toronto and builds on the investigative and advisory services that we provide to clients in that region and around the world," said Greg Higgins, leader of Duff & Phelps’ Dispute & Legal Management Consulting (DLMC) business. "Both the culture and service offerings of Harvester align nicely with our Global Electronic Discovery and Investigations practice, making this an important addition to our DLMC business.“ Harvester Forensics Limited has built a reputation as one of Canada’s leading e-discovery and investigative firms. The team provides corporate legal departments and law firms with full-service capabilities to manage electronic information for discovery, investigations, regulatory issues, compliance, and related legal matters in a variety of industries.

“We are excited about the business synergies and tremendous growth opportunities that Duff & Phelps brings to our team and our clients,” said Coltson. “By having access to Duff & Phelps’ broad spectrum of capabilities, depth of experience and broad geographic footprint, we can further develop our relationships with corporate legal departments and law firms in Canada and beyond.” About Duff & Phelps

As a leading global financial advisory and investment banking firm, Duff & Phelps balances analytical skills, deep market insight and independence to help clients make sound decisions. The firm provides expertise in the areas of valuation, transactions, financial restructuring, alternative assets, disputes and taxation, with more than 1,000 employees serving clients from offices in North America, Europe and Asia. Investment banking services in the United States are provided by Duff & Phelps Securities, LLC; Pagemill Partners; and GCP Securities, LLC. Member FINRA/SIPC. M&A advisory services in the United Kingdom and Germany are provided by Duff & Phelps Securities Ltd. Duff & Phelps Securities Ltd. is authorized and regulated by the Financial Services Authority. Investment banking services in France are provided by Duff & Phelps SAS. For more information, visit www.duffandphelps.com. (NYSE: DUF)

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hahahahahaha - RanjursMedia beelin - at the end of the Reporting Scotland piece, Jackie Bird said "you can see The Men Who Sold the Jerseys tonight @ 8".

BUT - the caption that came-up on screen was titled "The Men Who Stole the Jerseys" :lol: :lol: :lol:

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The reason I'm asking all these dumb questions is that I couldn't watch the bulletin. I don't want to jump to conclusions - I just want to know how this will substantively impact things.

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OK, so D&P were in with Ticketus before admin? What was their role - was it major?

It was known already that D+P were advising Whyte during the takeover, but they denied knowing anything about the Ticketus deal. The BBC have evidence that they played a big part in setting it up, so they lied. They will claim a Chinese wall between what they were doing as advisers to Whyte and what they've been doing as administrators, ie different personnel, different dept etc. Have to wait till 8pm for the full succulent popcorn details, but an "expert" said it was enough for them to be thrown off the case..

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53 players on double contracts.

Didn't someone say that what RFC has done was just shy (pardon the footballing pun) of match fixing?

By Christ, it can't be by much with all this $hit about to hit the fan.

RFC is and has been a rotten vessel with Captain Murray at the helm for the past 25 years.

S.F.A. - gonnae sink this auld dredger now please?

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The Daily Records lead story tomorrow will still be surrounding which player they'll sign, if the transfer embargo was to be overturned. Nothing to see here, shuffle on.

I'm not usually one for hyperbole etc, but surely the time has now come for there to be a totally independent inquiry into what must be one of the most shameful football episodes, Europe-wide.

Either that, or just kill the fuckers. Bullet, square between the eyes.

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This was on the Rangers Tax Case blog a couple of days ago:

... My thoughts on how this will most likely end are laid out below.

Talk of a CVA is just window dressing to appease the less realistic element of the Rangers support. Whyte can pledge his shares in the club for £2 safe in the knowledge that a CVA is not going to happen. (Strictly speaking, Whyte himself can always scupper a CVA).

We are heading for a newco of some description. The key point, Mr. Doncaster, is whether Craig Whyte’s floating charge is still meaningful. If it is (and people with more advanced legal training than me cannot find a consensus on whether it will be) Whyte will be content to let this drama unfold. His friends at Duff & Phelps will continue to potter about while reality continues to sink in with the wider Rangers support. In the end, Whyte will play his trump card and call in a receiver who will sell all of Rangers’ assets to a newco for a sum that will go entirely to Whyte- stuffing all of the other creditors. A plan to achieve this outcome would explain a lot of Duff & Phelps’ actions over the last few months...

Emphasis mine.

Is he saying that they are basically playing for time, D&P, in order to let Whyte carry out his scheme (and in doing so shaft the other creditors)? I mean, this is no surprise at all - I think 80% of the people on here had a similar vision of what was going on... but if D&P are that close to Whyte that they were also involved in Ticketus, then it really makes this an "almost certainly" rather than a "probably." Right?

And if that is the case... how can D&P be reasonably said to be fulfilling the legal requirement of an administrator, which is to keep the club running as a going concern or, if that fails, maximise the creditors interests en masse (that is, without preference.) Right?

edit: RTC blog link - http://rangerstaxcase.wordpress.com/2012/05/22/doncaster-dooms-spl/

Edited by Swampy
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The reason I'm asking all these dumb questions is that I couldn't watch the bulletin. I don't want to jump to conclusions - I just want to know how this will substantively impact things.

D+P replaced by end of week and replaced by what should have been inplace 3 months ago, something call ''an administrator'' - cue wholesale redundancies and liquidation inside a fortnight. No newco. No oldco. Just nothing left but ashes :D

^^^^^^^my hope and now best guess.

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