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Big Rangers Administration/Liquidation Thread - All chat here!


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Clearly the wroter of this post also needs to watch the little video posted earlier on this thread about "Explaining debt to a ..."

"Clearly that was impossible for the Administrators to agree to – they would be writing £2m off an asset, all for the sake of saving about £300k in wages from that player between now and the summer."

Now friends. What part of this process is bigotchops not quite getting..?

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http://www.scottishf...=36&newsID=9459

Rangers FC Update

Thursday, 08 March 2012

Stewart Regan, the Scottish FA Chief Executive, reveals that the findings of the Independent Inquiry into Rangers FC have been heard at a Special Board Meeting at Hampden Park today and will now be referred to the Judicial Panel.

"I can confirm that the Scottish FA convened a Special Board Meeting at Hampden Park today to discuss the findings of the Independent Inquiry into Rangers FC, prepared by the Chair, The Right Honourable Lord William Nimmo Smith.

Principally, it is the belief of the Board, taking into account the prima facie evidence presented today, that Mr Craig Whyte is not considered to be a Fit and Proper person to hold a position within Association Football.

We will be writing to Mr Whyte in relation to those findings and shall seek a response within seven days.

The report submitted by Lord Nimmo Smith, having been considered fully by the Board, highlights a number of other potential rule breaches by the club and its owner. The report will now be used as evidence and forwarded to a Judicial Panel for consideration and determination as per the protocol.

As such, the report's contents will not be published at this time. Nevertheless, I can confirm that the club is facing a charge of bringing the game into disrepute. Specifically, areas of potential breach to be considered by the Judicial Panel include:

· Obligations and duties of members

· Official return

· Financial records

· Division of receipts and payment of expenses (Scottish Cup)

I would like to clarify the situation relating to possible non-disclosure of payments to players, and in particular the Employee Benefit Trust. Having noted the Scottish Premier League's intention to investigate this matter, the Board has decided to allow the SPL to complete this process, given our potential status as the appellate body. We retain our position until such time as the SPL's investigation is concluded.

Finally, we have sent a letter to the Rangers administrators, Duff and Phelps, advising them that failure to pay monies owed to another member constitutes a breach of the Cup Competition Rules. Consequently, the club faces disciplinary action unless they make payments due to Dundee United from their recent William Hill Scottish Cup tie. A Notice of Complaint has been issued to that effect."

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I love this :-

"It was following these discussions that the Administrators decided that an early sale may be preferable "

:lol:

Indeed, an interesting read.

Borys

Clearly the wroter of this post also needs to watch the little video posted earlier on this thread about "Explaining debt to a ..."

"Clearly that was impossible for the Administrators to agree to – they would be writing £2m off an asset, all for the sake of saving about £300k in wages from that player between now and the summer."

Now friends. What part of this process is bigotchops not quite getting..?

Do you know how when people on P&B include the phrase "according to my source" they just mean either a bloke in the pub or the BBC rumours page? Well that entire article is a big version of that. You or I could name the players based entirely on the last week's mindless speculation on Rangers Forum/Twitter.

Injured players; Stevens Naismith and Whittaker.

£1m clause; Steven Davis

Play for nothing/walk away and retire; Lee McCulloch and David Healy.

No source was contacted nor lost in the making of this entirely speculative, and no doubt entirely made up, post.

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@BBCAlLamont: This from @bbcjimspence All 10 SPL clubs excluding Celtic and Rangers plan to meet next week to discuss radical changes to Scottish football

Ooft.

jjpleasing.gif

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Indeed. What a colossal own-goal that is. Either you reply to that with "No" or you don't reply at all.

I wouldn't have thought it was anything to do with the SFA anyway but it shows the folly of someone like Regan being on twitter in the first place

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@BBCAlLamont: This from @bbcjimspence All 10 SPL clubs excluding Celtic and Rangers plan to meet next week to discuss radical changes to Scottish football

Ooft.

Have some chairmen finally found their balls? Interesting that they're meeting without Celtic. Do only 11 clubs have a vote at the moment? Could the other 10 push through pretty much anything they want?

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