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Big Rangers Administration/Liquidation Thread - All chat here!


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So, to the list of 'credible' sources cited by diddy clubbers on this thread we can add the alky journo to the disgraced lawyer and the IRA blogger.

And that's without knowing if it's Hibs V1 or V2 you support.

laugh.gif

The statement in isolation (from Archer) is what I agree with. It wouldn't have mattered who uttered it.

Hibs v1 or v2?

You reference an event that happened around 70 years before I was born. If you want to say that we are a newco and that we don't have the history prior to the insolvency event then I am fine with that. Will you do the same?

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If you want to say that we are a newco and that we don't have the history prior to the insolvency event then I am fine with that. Will you do the same?

No. Not least because Hibs see fit to count the trophies from V1 in their history.

And I believe they are right to do so. They might have disappeared from the face of planet earth for a year, but even I know it's still Hibs when I'm talking about them.

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Who do you blame it on then

Lets take the non payment of PAYE that happened in the latter part of 2011 onwards, who was to blame?

Well in my view David Murray is the architect of your downfall and Craig Whyte just hurried it up a wee bit. I really don't want to get into the roundabout arguments of who done what, because this is the way that you (being Rangers fans) deflect the blame.

The individuals are the custodians of the club. They wear Rangers suits and ties, sign cheques on behalf of Rangers and write letters on Rangers headed notepaper.

If you want to pin all the failures on the individuals then you must give them all the successes too. For it was their actions that brought you both.

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Who do you blame it on then

Lets take the non payment of PAYE that happened in the latter part of 2011 onwards, who was to blame?

In accordance with the principles of corporate governance within any PLC, surely that was the entire Board of Directors.

In accordance with the professional codes of conduct of the Acccountancy Profession (ICMA. ACCA, etc, etc) anybody with a sniff of a professional qualification was obligated to whistle-blow (I am writing this under the presumption the finance folks were remotely involved in the profession?????????)

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No. Not least because Hibs see fit to count the trophies from V1 in their history.

And I believe they are right to do so. They might have disappeared from the face of planet earth for a year, but even I know it's still Hibs when I'm talking about them.

Fair enough. You'll see from a previous post of mine that I really couldn't care for all the Newco/Oldco carry on.

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You post pish on here, a man calls a radion show with the self-same pish and you get upset by someone pointing out the similarities?

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Shut it ya c**t same goes to you, but hey it's just a game. tongue.gif

What happened to the five stars?

Aha sorry was a bit over the top that was the legendary Tommy Gold.laugh.giflaugh.gif

Edited by Bairnforever1992
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Shut it ya c**t same goes to you, but hey it's just a game. tongue.gif

What happened to the five stars?

I'm glad you're over it - you know you're my favourite poster/mentalist on here and I was momentarily concerned you were going to start behaving like the normal diddy clubbers and just spew hate.

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I'm glad you're over it - you know you're my favourite poster/mentalist on here and I was momentarily concerned you were going to start behaving like the normal diddy clubbers and just spew hate.

Has the liquidators arrived at Ipox yet? laugh.giflaugh.gif

BDO liquidators appointed to Rangers

BDO LIQUIDATORS have been appointed to Rangers Football Club.

Malcolm Cohen and James Stephen, both partners at BDO, were appointed joint interim liquidators of RFC 2012 on 31 October.

Cohen and Stephen will remain interim liquidators until they are granted a formal appointment at the first creditor meeting. A creditor meeting must take place within 42 days of their appointment - however the liquidators are trying to speed this process up.Paul Clark and David Whitehouse joint administrators, from Duff & Phelps, have handed over to the interim liquidators.

Cohen said: "As joint interim liquidators, our prime objective is to maximise returns to creditors. By investigating the reasons for the company's failure, we will better understand the avenues available to enable the recovery of all possible monies for creditors.

"This is a complex case with many potential areas for us to investigate, which we will do thoroughly in accordance with our duties and powers. Our investigations will, of course, include the conduct of those responsible for the financial affairs of the company in previous years."

As part of the insolvency process, liquidators have more powers to investigate the reasons behind the collapse of a company than administrators. This is the main reason HM Revenue & Customs vetoed a rescue deal known as a CVA earlier this year.

The interim liquidators have said they will continue any legal proceedings already initiated by the administrators.

Read more: http://www.accountan...s#ixzz2BOuKQg7n

Accountancy Age - Finance, business and accountancy news, features and resources. Claim your free subscription today.

Tedious and others will say never read. laugh.giflaugh.gif

Edited by Bairnforever1992
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Already gave my reply to Claymores who did not try to deflect away from the exact question

I'm sorry if it seemed that I was deflecting the question, it was not intentional.

IMO the reason you were in a situation whereby you had to make a decision as to whether or not the club paid PAYE was created by David Murray leaving you in the financial shitter with a googly eyed monster controlling the cash card. Said googly eyed monster then decided to withhold PAYE to preserve cash flow and cash in the bank.

That clear?

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Or he could have come clean and said "we failed to qualify for the CL, so unless we shed massive costs then the company is gonna go down the shitter, sorry I lied but I dont have any money"

But no the individual Whyte that was running the club decided to keep quiet, spend money to keep the fans happy and fund it all by stopping paying PAYE, anybody that stood in his way was punted and anybody that was complicit in his actions is guilty as sin

Administration was completely avoidable if the man had had some balls, perhaps this in the long run would have changed nothing depending on the outcome of the BTC but he was hardly at any point acting in the best interests of anybody but himself

David Murray could have done the very same in previous years (admit to being skint), in fact he could have done more by not creating the situation in the first place.

It is one of the incredible mysteries to me throughout this whole saga that Murray continues to get off lightly ( for now anyway ).

Duped my arse.

Edited by Shades75
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I like to keep the 2 separate

Whyte is guilty of fraud, he knew exactly what he was getting when he bought Rangers, his aim was always to make a fast buck, it went pear shaped when he failed to qualify for the CL and he was then left with a choice, come clean, shed the costs to avoid admin or change his plan to make his quick buck, he chose the latter and must have known from the day he stopped paying PAYE that the company was fucked

Murray on the other hand was an arrogant b*****d, liked being an arrogant b*****d but had no money to keep being an arrogant b*****d so he chose something else, did he know this was illegal? time will tell but if it is proved that it was then it all depends on if it can be proved that he knew it was, if this turns out to be the case then I hope they nail him to a cross but naturally being a Rangers fan I am hoping that it turns out he was just guilty of arrogance

I think you maybe right, surely he knew how much of a dodgy cnut Whyte was, but he was desperate to offload and who else was gonna buy a club with the BTC hanging over it?

That's a pretty objective post for a Rangers fan, I like it.

The only thing I would say is:- If David Murray sold the club to Whyte, knowing how much of a shyster he was, regardless of whether or not the BTC was coming, could that not be described as the single most self preservationist act of the whole saga and the ultimate betrayal for Rangers fans?

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It is .. Murray sank the club .. he bankrupted it and then handed it over to a patsy to complete the job. Tedi still thinks he might be innocent .. poor wee succulent lamb.

I have to say that I agree. It only seems that because he had the MSM lapping up every word he said, and even now they don't pursue him - of course we all know that is for fear of self incrimination or at the very least some Olympic standard back-tracking, that extended to the wider Rangers support.

The Daily record factor. I find it satisfying that one of the symptoms of the whole shebang is to put another couple of nails in the coffin of that particular embarrassment to an independent press.

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100% right, all thoughts of what was best for Rangers had disappeared by that point, Murray is a classic tale of Hero turned Villain, what he should have done was see out the BTC but that would have meant savage cost cutting and selling almost the entire 1st team along with sacking his bum chums in the board room and above all else coming totally clean with the fans, but that would have meant admitting his arrogance had landed the club in this situation and that was obviously beyond him

f**k sake Tedi. I think we have found some common ground and at least broadly agree on some points.

This wasn't supposed to happen.........

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