~~~ Posted June 25, 2012 Share Posted June 25, 2012 “@alextomo: Coming up - fans of former Rangers speak - TOMOBLOG” I think he just words it like that to annoy them 0 Quote Link to comment Share on other sites More sharing options...
Forever Diamond Posted June 25, 2012 Share Posted June 25, 2012 Hee hee, sorry, I've STILL got no greenies left. This is quite possibly the quote old Charlie boy will make if he actually has any players left on thursday,and they come looking for wages. 0 Quote Link to comment Share on other sites More sharing options...
MEADOWXI Posted June 25, 2012 Share Posted June 25, 2012 Guilty of course. BUT other clubs have far bigger debts than we did when we went into admin. Explain that. The Weasel Club is expecting new members soon. Better than being a toad (MJ). If I owed the taxman £500K I would be up shite creek as i would not be able to service that debt, However if someone like Craig 'Billionaire with wealth off the radar' Whyte owed the taxman £500K then........... OK not Craig Whyte, try Chick Green.............. Aaahhhhhh f**k this analogy bollox - they're fucked ok 0 Quote Link to comment Share on other sites More sharing options...
Robert D Bruce Posted June 25, 2012 Share Posted June 25, 2012 That's the key point welshbairn. From ManU to diddy Aberdeen most clubs have debt but service it as an operating cost. Swapping debt stories with other clubs is ridiculous; the point is are you paying the interest and/or guaranteeing the debt in some way just like any other business? The other pointless exercise on here is slagging off anyone who has gone through admin. Ex Rangers had the choice to do this just the same as Murderwell, Dee etc., all they had to do was get a cva that was acceptable to 75% of their creditors. If they had done this there would be no argument that they would continue in the SPL, probably with sanctions which are a seperate issue. Key to all of this IS whether the Rangers debt was serviceable. The powers that be obviously thought the debt was not servicable and put the club into administration. Was this some sort of con that has gone badly wrong though? Look at from a personal point of view, if you are in arrears with your mortgage for instance, the bank / building society will look at any equity you may have in your property and will formulate a planned route out using the equity you have - provided the equity is greater than the debt you owe, you are perceived to be solvent. In Rangers case, Ibrox / Murray Park were on the company books listed as worth circa £110,000,000. Surely sale of these or equity release from these would have seen Rangers service their debts. Why did this not happen? Rangers need to have a registered ground to play on or the business is not viable as a football club. Sale of Ibrox with no rights of access would kill the club but any number of lease, hire, future buy back agreements could have seen them keep themselves afloat and continue with business as normal (well as normal as any sanctions would allow) BUT they sold the assets for £5.5 million. The guy who bought them can and will do what he pleases with them and that is not necessarily within the control of Rangers football club. 0 Quote Link to comment Share on other sites More sharing options...
cyderspaceman Posted June 25, 2012 Share Posted June 25, 2012 (edited) This, posted on RM CanadianBacon GOT MY MOJO WORKING Group: Moderator Posts: 6,122 Rep: 320 Joined: 06-August 08 Posted Today, 11:38 AM 'The Rangers c***s-Who-Cared-More-About-Themselves-Than-The-Club-Or-The-Fans of 2012' more like. 0 Please note that this poster appears to be a MODERATOR ffs. No asterisks in the original. Edited June 25, 2012 by cyderspaceman 0 Quote Link to comment Share on other sites More sharing options...
craigkillie Posted June 25, 2012 Share Posted June 25, 2012 In Rangers case, Ibrox / Murray Park were on the company books listed as worth circa £110,000,000. Surely sale of these or equity release from these would have seen Rangers service their debts. Why did this not happen? They have never been worth that value to sell. That was purely their value to Rangers FC as an active football club. 0 Quote Link to comment Share on other sites More sharing options...
aka Posted June 25, 2012 Share Posted June 25, 2012 I appreciate this is a few pages back and I'm just catching up, but I just wanted to say wow, what a patronising b*****d! That's all. Hello all, long time reader but this is my first post. I could not help but follow Dee Man's advice regarding the Google search. The results for the search 'sky old firm contract' took me to this link: http://www.facebook....ove.the.Rangers 0 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted June 25, 2012 Share Posted June 25, 2012 Phil Mc saying on Twitter that Sevco have managed to flog 'a three figure number' of season tickets. So there are several hundred crazy optimists out there. Better get the IT people to check you're keyboard.. When you've typed in 'delusional arseholes' for some reason it has come out as 'crazy optimists'. 0 Quote Link to comment Share on other sites More sharing options...
rustyarabnuts Posted June 25, 2012 Share Posted June 25, 2012 Hee hee, sorry, I've STILL got no greenies left. I have 0 Quote Link to comment Share on other sites More sharing options...
welshbairn Posted June 25, 2012 Share Posted June 25, 2012 Poster on Rangersremedial saying the SFA Tribunal case for bringing the game into disrepute is getting quietly shelved.. We can expect an announcement that the Appellate tribunal has been abandoned, that should be sooner rather than later, several hacks are attempting to extract info from regan at this moment, apparently as it was supposed to be an independent tribunal the fear was they would impose the severest sanction that they could, expulsion. Seems regan realised that would be doing the spl clubs dirty work for them and has acted accordingly, Lord Carloway has had no notice of any future convening. My link 0 Quote Link to comment Share on other sites More sharing options...
Araminta Moonbeam QC Posted June 25, 2012 Share Posted June 25, 2012 1340628189[/url]' post='6372112']Doesn't the money still go to oldco? Was that not the chat last week? It goes to OldCo and it's not ring fenced so can be used to pay creditors. Oops. 0 Quote Link to comment Share on other sites More sharing options...
Araminta Moonbeam QC Posted June 25, 2012 Share Posted June 25, 2012 1340629508[/url]' post='6372192']Better get the IT people to check you're keyboard.. When you've typed in 'delusional arseholes' for some reason it has come out as 'crazy optimists'. Bloody auto correct on iPad. 0 Quote Link to comment Share on other sites More sharing options...
monrovianmonk Posted June 25, 2012 Share Posted June 25, 2012 Chris McLaughlin @BBCchrismclaugCrown office call for a criminal investigation into the sale of #Rangers WTF? 0 Quote Link to comment Share on other sites More sharing options...
Stu Posted June 25, 2012 Share Posted June 25, 2012 CRIMINAL INVESTIGATION ORDERED INTO RANGERS FOOTBALL CLUB ACQUISITION AND FINANCIAL MANAGEMENT The Crown Office has today instructed Strathclyde Police to conduct a criminal investigation into the acquisition of Rangers Football Club in May 2011 and the subsequent financial management of the Club. The investigation into alleged criminality follows a preliminary police examination of information passed to them in February this year by the Club administrators. The Procurator Fiscal for the West of Scotland will now work with Strathclyde Police to fully investigate the acquisition and financial management of Rangers Football Club and any related reports of alleged criminality during that process. 0 Quote Link to comment Share on other sites More sharing options...
Granny Danger Posted June 25, 2012 Share Posted June 25, 2012 The newco route is not viable for us. Our debt with the bank is secured against the stadium. I am not advocating clubs going into liquidation/receivership, but any bank that is holding security of a football stadium is pretty f**ked in my opinion. As has been argued in Rangers/newco case a stadium has one value when it is being used as a stadium and another, far lesser value, when it is not. In the present economic climate I could not see any bank in a hurry to close down a football club. 0 Quote Link to comment Share on other sites More sharing options...
Robert D Bruce Posted June 25, 2012 Share Posted June 25, 2012 They have never been worth that value to sell. That was purely their value to Rangers FC as an active football club. What then would be the true value and why couldn't they get more that the £5.5 million they got from Green? Whether in cash or equity release. When Leeds United were in all of this shit a few years back they sold their stadium and training ground to service debts then leased them back. 0 Quote Link to comment Share on other sites More sharing options...
Araminta Moonbeam QC Posted June 25, 2012 Share Posted June 25, 2012 1340629719[/url]' post='6372206']Chris McLaughlin @BBCchrismclaugCrown office call for a criminal investigation into the sale of #Rangers WTF? Excellent Let the real fun commence. 0 Quote Link to comment Share on other sites More sharing options...
hague Posted June 25, 2012 Share Posted June 25, 2012 keep reading that rangers are the most successful club in the world if so why have they never won the european cup or even reached a final ?plus they have never played a single game in the world club championship i doubt if rangers would be ranked in the top fifty in europe or the top one hundred in the world . 0 Quote Link to comment Share on other sites More sharing options...
Lou Brusch Posted June 25, 2012 Share Posted June 25, 2012 Is that what the breaking news was on Sky Sports? Missed it 0 Quote Link to comment Share on other sites More sharing options...
Todd Unctuous Posted June 25, 2012 Share Posted June 25, 2012 unfortunatley I think a couple of those on RM have a (unintentional) point why exactly are all these chairmen falling over themselves to say no - they have not heard what the proposal is yet - there has been absolutely no mention of what sanctions would consitiute a yes vote & that, to my mind, in highly suspicious. I put it to you all that there wont be a vote, the chairmen already know this so can happily say they'd come out & say no to gain favour with the fans The SFA will steamroller in before the vote takes place & remove both the SPL & SFL from the picture, there will be not voting on it, it'll be like it or lump it (& by god will they f**king love it) Rangers will wnd up in whatever they decide is teir 2 as acceptance of the transfer of their SFA membership, the chairmen will say it was taken out of their hands & they had no choice. read all the articles coming out, they are all hinting at it, a plan is being made, discussions are underway, top level meetings we are having the wool pulled over our eyes and the chairmen are praying enough people go 'ah well, it wasn't my chairmans fault so I can keep going' - ask your self this, before coming out & saying no, when was the last time your chairman was upfront, honest, public facing or seen to be doing something in the interests of the fans? the deal is already done Hi, I've been following this thread for a while now without actually posting anything myself, but having spotted this last night, I felt moved to comment. I don't know how many of you have spotted this, or paid it much attention, as there seem to have been a lot of people on here talking about which SPL teams will vote. Reading between the lines, I suspect that this poster knows what he's talking about, and indeed may even have some inside information. This scenario looks as if it may well now happen, and if true, then I for one welcome this new socialist utopia. Back in February when this whole saga kicked off I said that if this was the catalyst for major reform in Scottish football, then that could only be a good thing. And now it looks as if this may come to pass. The unspoken point here is though, is that all of the changes being proposed: More even distribution of TV money Extra relegation/promotion between top two divisions One governing body running Scottish football These are all things which should have been implemented anyway (as recommended by that report, I forget who wrote it now). Clearly, it grates these necessary changes are only now being affected due to the demise of Rangers, and in an ideal world they would be treated the same as any other club. However, for once I think we should look at the bigger picture. All this is being done for the betterment of the Scottish game. If, as a compromise, The Rangers have to enter the league system a couple of divisions higher, then in my opinion that is a price worth paying. Finally, it's good to see the SFA taking the bull by the horns and showing a bit of badly needed leadership. Oh, and another thing, possibly the best thing to come out of this, will be the fact that the running of the game will be taken out of the hands of club chairmen. That those cowardly and duplicitous men have sought to igratiate themselves with supporters courtesy of an abject lie, is possibly the most appalling thing to come out of this. 0 Quote Link to comment Share on other sites More sharing options...
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