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Big Rangers Administration/Liquidation Thread - All chat here!


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Richard Wilson@Richwilsport St Johnstone will also vote no to newco Rangers. Full details in @theeveningtimes

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Is this old news?

I don't know, but Richard Wilson has been shown up to be an insufferable apologist at best. It must have pained him to tweet that.

Indeed and were he writing in French or Italian then calling himself Phillipe or Filipo would be a courtesy to his audience

But he's writing in English so it's the opposite.

Also, Phil's a dick. So anything you want to throw at him has some validity.

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Richard Wilson@Richwilsport St Johnstone will also vote no to newco Rangers. Full details in @theeveningtimes

Retweeted by Voices From... Expand Collapse

Is this old news?

Old news SJFC told fans forum several weeks ago of a NO vote. It was given to the press on Friday. Richard Wilson ran it then in the Herald, Dundee Courier front paged it with a photo of the Dalai Lama. So Wilson must now be writing it again for group paper Evening Times. He does write for both.

SJFC Chairman is in Switzerland for Euro Draw later today. European football - life moves on when your a 'big' team.

Edited by soulfulsaint
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Dear Shareholder/Season Ticket Holder,

"Rangers Newco" in the SPL

Much has been said and written in recent weeks about "Rangers Newco" and the upcoming SPL General Meeting on 4th July when all twelve clubs (including "Rangers in Administration") will vote on whether or not the SPL share (or membership) currently held by "Rangers in Administration" may be transferred to "Rangers Newco".

The vote will be decided by an 8 - 4 majority.

Clubs are consulting their stakeholders to varying degrees. I considered holding a public meeting but the logistics of planning and conducting such a meeting highlighted a number of practical difficulties and the alternative of canvassing the views of the club's shareholders and season ticket holders (2011-12 and 2012-13) by email and letter recommended itself as a means of establishing the carefully considered views of the club's most important stakeholders based upon an analysis of the relevant facts in a non-contentious environment - your own home.

Contrary to some media reports, I have not committed our club to supporting "Rangers Newco". For a more balanced report of my views as at 22nd May, see the Daily Telegraph article by Roddy Forsyth - copy annexed. This interview preceded the Panorama expose regarding the use of EBT's by "Rangers Oldco" as a means of supplementing players' wages in an illegal manner in breach of SFA and SPL rules. There then followed an appeal to the Court of Session by "Rangers in Administration" contrary to the tenet that clubs should not invoke civil courts to deal with football sanctions, a principle strongly advocated by FIFA and UEFA. It must be said that "Rangers Oldco" and "Rangers in Administration" have not done Rangers Football Club any favours in terms of gaining support for "Rangers Newco" in its ambition to be accepted as a member of the SPL on 4th July.

Kilmarnock Football Club, which is of course entirely blameless in this situation, finds itself in serious danger of suffering severe financial penalties if our opening fixture and subsequent home fixture on 6th April 2013 of the 2012-13 SPL season are against a "Club 12" which does not enjoy a travelling support of circa six to eight thousand (@ £26 per person), because that is what we have budgeted for, in line with every other SPL season since the league's inception in 1998. This means a potential drop in revenue of around £300,000 net.

If the vote on 4th July goes against "Rangers Newco", the SPL will have breached its contract with "Sky" and other commercial partners who require "Old Firm" derbies as part of the SPL's contractual obligations. Termination or re-negotiation of these contracts may follow with unquantifiable (but certainly negative) financial consequences for all twelve member clubs.

This would have a profound impact on the operating conditions of our club. We no longer have access to "soft loans" from a wealthy owner and seven years of debt reduction is unlikely to be reversed by Lloyds Banking Group offering increased borrowing facilities. The excellent support which we enjoy from sponsors and supporters would hopefully continue unabated but even the slickest of sales and marketing campaigns would struggle to fill the financial void in the short term. Spending cuts in the club's administration and hotel have already been implemented. There is no room for further savings in those areas without causing major operational issues. This leaves the playing squad to bear the brunt of a serious funding shortfall. Expenditure on the club's Youth Development programme and community projects would also come under severe pressure.

The statement issued by Motherwell FC on 18th June (excerpts annexed) captured the dilemma facing the majority of SPL clubs.

I firmly believe that the success and prosperity of our club will always come first with our supporters. I also believe that our supporters appreciate the progress we've made over the last two seasons and are keen to be a part of what we hope will be an exciting period ahead. Thus the healthy season ticket sales to date - ahead of last year's figures.

Following the emotional rollercoaster of our season ending match with Falkirk in 2010, we have recorded steady improvements, both on and off the pitch. This, of course, culminated in an unforgettable day at Hampden in March when the League Cup was won for the first time in our history, completing our "treble" of Scottish football's major honours.

Since last season ended, Manuel Pascali, James Fowler, Garry Hay and, most importantly, our cup winning manager Kenny Shiels have all signed extended contracts. Kenny is very much a "man with a plan" and has already given a number of young players first team experience as he builds for the future.

We have a sound platform to build from. It is our intention to add to the core of last season's squad by bringing in quality players in key positions and also to give further opportunities to the talented young players who are pushing for inclusion in the first team.

It's frustrating that due to circumstances outwith our control we are being hampered in our preparations for next season.This is a particularly difficult and anxious time as we look to manage our finances to create a playing budget that will allow us to match our ambitions for the club next season with our estimated income in the club's financial year to 31st May, 2013.

Normally, this is down to our projections on season ticket sales, gate receipts, commercial income from sponsors and our share of central revenues from the SPL - all of which is generally predictable. However, the uncertainty over Rangers' participation in the SPL and the potential consequences of that for the level of gate receipts and TV revenues received via the SPL has meant that we have not been able to press ahead with our plans.

The next few weeks are critical in terms of preparing the playing squad for the new season. The players reported back for pre-season training today. One or two of last season's first team regulars remain out of contract and we would like to be able to make offers to them and the signing targets highlighted by Kenny as soon as possible to give us the best preparation for next season.

For that reason, the news on season ticket sales offers encouragement and, hopefully, we'll be able to continue to report positive news as we proceed through the renewal process. Each year, our clear objective is is to increase sales and we're on target to do that for the second year in succession. It's a sobering thought, however, that we'd need around 1,000 additional adult season ticket sales to make up for the loss of two home fixtures against Rangers next season - but if that becomes a necessity, then that's what we'll aim to do.

So, we're looking for the wider issues to be resolved quickly, which will allow us and the rest of the SPL clubs to finalise budgets and pre-season plans and get back to playing football. Now, perhaps more than ever before, we need our true supporters to back the club - regardless of who "Club 12" turns out to be.

Very recently, "Rangers Newco" has offered to accept a range of sporting and financial penalties for the wrongdoing of "Rangers Oldco", as well as undertaking to support a change to the SPL's iniquitous 90% (11-1) voting structure to a more democratic 75% (9-3), if allowed entry to the SPL. This is not insignificant and is recognised in the third option on the consultation response slip.

I want to go to the SPL General Meeting on 4th July with a clear impression of the opinions of our most important stakeholders - the club's shareholders and season ticket holders - so please reply by email to or use the response slip and reply paid envelope provided if you have received this letter by post. Responses must be received by 12 noon on Monday 2nd July.

There are three options to which you should respond

1 - YES - the "New" Rangers FC should be admitted to the SPL in order to avoid the SPL being in breach of its contractual obligations to "Sky" and other commercial partners

2 - NO - the "New" Rangers FC should NOT be admitted to the SPL under any circumstances, regardless of the consequences for Kilmarnock FC

3 - YES - subject to the "New" Rangers FC accepting a range of sporting and financial penalties (short of exclusion from the SPL) for the wrongdoing of the owners of the "Old" Rangers FC

AND undertaking to support reform of the SPL's voting structure, the "New" Rangers FC should be admitted to the SPL. Please include 1-YES or 2-NO or 3-YES in your subject heading which will help us to evaluate the responses

Yours sincerely,

Michael_Johnston_Signature.1.jpg

Michael Johnston,Chairman,

Kilmarnock FC

League Cup Winners 2012

Edited by Nutz_the_Squirrel
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Kilmarnock fans survey

1. Yes, the Newco should be admitted to prevent the likely death of Kilmarnock FC

2. No, the Newco should be denied entry even if it brings about the likely death of Kilmarnock FC

3. Yes, the Newco should be admitted with sanctions, in order to prevent the likely death of Kilmarnock FC

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Very recently, "Rangers Newco" has offered to accept a range of sporting and financial penalties for the wrongdoing of "Rangers Oldco", as well as undertaking to support a change to the SPL's iniquitous 90% (11-1) voting structure to a more democratic 75% (9-3), if allowed entry to the SPL. This is not insignificant and is recognised in the third option on the consultation response slip.

Yes it is. I'm sure Dundee or Dunfermline would also agree to the new voting structure, and penalties of wrongdoing but oh wait they didn't do anything wrong!

3rd division for the scum bags.

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Very recently, "Rangers Newco" has offered to accept a range of sporting and financial penalties for the wrongdoing of "Rangers Oldco", as well as undertaking to support a change to the SPL's iniquitous 90% (11-1) voting structure to a more democratic 75% (9-3), if allowed entry to the SPL. This is not insignificant and is recognised in the third option on the consultation response slip.

Not that I think many people will tick this box, but this is very interersting.

Can't imagine Rangers fans being too chuffed with this

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Anyone notice all the Q & A things on the BBC websites:

What Are EBT's? - Q & A

Will HMRC Accept a CVA? - Q & A

Can Players Walk Away Under TUPE? - Q & A

Here's the one I want to see:

Q. Are Rangers fucked?

A. Yes

Edited by Granny Danger
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Phil McMadeUpName blog this morning says he understands senior staff at Ibrokes have been told to expect 'a year out'. Seems plausible, I cannot see this mess being sorted in time to compete in any league (if they can find one that will have them).

I had a look at this blog out of curiosity and it struck me that he has a similar writing style to

that of Leggo.

ie short sentences

separated by

large white spaces.

Could they be one and the same person?

(Please don't ask about the content as I just skimmed it)

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Very recently, "Rangers Newco" has offered to accept a range of sporting and financial penalties for the wrongdoing of "Rangers Oldco", as well as undertaking to support a change to the SPL's iniquitous 90% (11-1) voting structure to a more democratic 75% (9-3), if allowed entry to the SPL. This is not insignificant and is recognised in the third option on the consultation response slip.

Not that I think many people will tick this box, but this is very interersting.

Can't imagine Rangers fans being too chuffed with this

What are these "sporting and financial penalties" that newco has apparently signed up to then? Haven't heard anything about that in the media - is it all just a smokescreen by Johnston who is clearly wetting himself that WATP won't be in the SPL next season.

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Just dropped in to Rangers Media. Like watching a car crash through your fingers, or a sloth wondering why moss is growing on itself.

Folk keep referring to it as a car crash.

Personally I prefer 'train wreck'. It just seems more apt as it just keeps going and going and there are no buffers in sight.:D

edit except the old ones at the SFA

Edited by cyderspaceman
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What are these "sporting and financial penalties" that newco has apparently signed up to then? Haven't heard anything about that in the media - is it all just a smokescreen by Johnston who is clearly wetting himself that WATP won't be in the SPL next season.

That's what I find interesting about it. Doubt very much MJ has made this up.

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