Big Rangers Administration/Liquidation Thread - All chat here!

[lithgierose]

and if you dont go back,how do you then go onto win the top title and qualify for the champions league ?

[dave.j]

and if you dont go back,how do you then go onto win the top title and qualify for the champions league ?

Is it any surprise that less than 10000 Rangers fans WORLDWIDE bought into his share scheme. The guy is a fckin con man. And they know it.

[SS-18 ICBM]

Is it any surprise that less than 10000 Rangers fans WORLDWIDE bought into his share scheme. The guy is a fckin con man. And they know it.

A very clever cunning conman but his arrogance will be RIFC plc's downfall, if he isn't told to shuddafuck up by his fellow investors, just as Murray's arrogance caused the downfall of RFC (R.I.P.)

[SS-18 ICBM]

Will his investors and board not have a say in what he can do?

I fear Tedi's bold statements regards inevitable will quoted and laughed at in the New Year.

Court of Session indeed ...

They most certainly will have a say if they see the share price drop due to Green's waffling being deemed to be having a negative effect upon the company finances. Yes.

As for Tedi, what can i say?!

Edited December 20, 2012 by SS-18 ICBM

[Mad Capsule]

I think everyone is taking the share issue to extremes. Claiming Rangers will go bust due to this share issue.

I don't think that'll happen. Aren't Celtic shares floated in the same way? They seem to be fine.

Could be wrong though, anyone wanna shed some light here?

[killingfloorman]

You spelled 'sexy' wrong.

sorry mate, Bennett's your guy for that

[PeeTeeJag]

"Actually, I met Fergus McCann once, so I have been once. I met McCann when I was at Sheffield United and I went to buy Pierre van Hooijdonk, but we didn't buy him."

I suppose what he said is technically true, however that isn't really the full story though, is it Chuck?

The reason PVH didn't go to Sheffield was that Sheffield didnt want to pay the asking price and that the Sheffield manager's budget was tighter than speedos on a fatty. Sheffield United did enquire (NOT "went to buy") PVH but after being told how much Celtic were looking for they decided not to put an offer in. So I guess "we didn't buy him" is correct, but the choice of words used are calculated to make it sound as if Green decided PVH wasn't for them, not that they wouldn't pay the price. At the same time Sheffield United were offloading their best players (remember they also sold the best player when the manager was on holiday). A friend remembers at the time thinking that when he heard Sheffield were asking about PVH it seemed weird when it was obvious to him and his fellow SU supporters that the club didn't have the money.

Green again showing that you have to look passed what he says and not to taking anything coming from him at face value.

[Mad Capsule]

sorry mate, Bennett's your guy for that

I thought I'd try.

I'm just trying to fit in as the tension between some posters on here is now reaching sexual levels.

[Carlito's Way]

A very clever cunning conman but his arrogance will be RIFC plc's downfall, if he isn't told to shuddafuck up by his fellow investors, just as Murray's arrogance caused the downfall of RFC (R.I.P.)

I've heard it all now :lol

Listen it wouldn't have mattered who took over Rangers they would have been tarred by the "conman" brush. Charles simply gets to all of you and you don't like it. He tells it how it is and that's why he's so great.

[SS-18 ICBM]

I've heard it all now :lol

Listen it wouldn't have mattered who took over Rangers they would have been tarred by the "conman" brush. Charles simply gets to all of you and you don't like it. He tells it how it is and that's why he's so great.

[Henrik's tongue]

He tells it how it is and that's why he's so great.

[Carlito's Way]

A debt free Rangers who are making money and can't spend it at the moment. I'd be afraid if it was my rival club too and come out with scaremongering rumours also.

[Henrik's tongue]

A debt free Rangers who are making money and can't spend it at the moment. I'd be afraid if it was my rival club too and come out with scaremongering rumours also.

Yeah. Dunno about the rest of the lads but I'm absolutely shitting myself

[dave.j]

A debt free Rangers who are making money and can't spend it at the moment. I'd be afraid if it was my rival club too and come out with scaremongering rumours also.

Aye, these second division teams must be fckin brickin it!

[adam4267]

Where does this £22.2m leave Rangers?

Remember, no-one was going to buy a ticket off me in July; I was a 'snake oil salesman'. So, let's look where we are [going]. I would assume that if we've win the third division and get promoted into a new division – whether it's football league or a restructured division or whatever – we'll see no less season tickets sold next season. We reduced the price to £315 this year but if they went to £400 next year that's another £18m of season-ticket money in the bank and we still can't buy players. That's the scary thing about Rangers looking from the outside: we now have more cash on the balance sheet. We have a market cap of £45m and nearly £30m of it is cash. How scary is that?

How is the money going to be spent; specifically on the football side?

We have an allocation to spend money on the stadium; it's had nothing spent on it for the last couple of years. We've acquired Edmiston House next door which will be turned into a bar and a megastore. We've acquired the Albion Car Park to get rid of an onerous lease which was going to drain £4m out of the club. We've allocated £10m for Ally to spend on players as soon as he's able to do that.

What we've also done is set a structure in place where Rangers are no longer a boom-or-bust club. It's about sustainability, about managing this club professionally, increasing revenue. We're going to spend £3m on media. We've just announced a new director of communications [James Traynor], we're going to invest in IT and we're going to invest in technology, because image rights are really what institutional football clubs are about. We have a whole raft of projects that we're going to invest our money in. Not to invest in it so that it disappears, but to invest it so that we get recurring revenues from it.

But talk of a multi-million pound Rangers "transfer warchest" has turned out to be pie-in-the-sky in the past, why should this new £10m figure be any different?

What you've seen with Uefa's Financial Fair Play is the whole structure of football is changing. Financial Fair Play will be enforced and everyone has to get their house in order. I'm excited, not just because I managed to pick Rangers up at a very very low price, but because the whole model of football is changing. We're looking at cross-border leagues. You saw what [Celtic chief executive] Peter Lawwell said at his agm; we're exactly the same story as that. There's change out there and it's coming now. Salaries will go down, transfer fees will change. There are a whole raft of changes being driven by external forces and, whereas in the past we might have needed £100m to get a squad together, those days are long gone.

When we look at our stars, our Theo Walcotts, like Barrie McKay and Fraser Aird, these guys, we have to be aware what their options are. Football's changing and we need to be aware of that. We don't need to be paying £12m for Tore Andre Flo. When was that ever good business?

You ring-fenced £10m-worth of shares for fans but £4.5m was not taken up. why not make those shares available to institutional investors, do you fear there would be no interest?

We were over-subscribed, and we can only do that by a placing and the document wouldn't allow us to do that. We'd have to raise another document to do a placing with institutions.

Does the shortfall in the fans' take-up mean you'll have to raise the price of tickets or merchandising?

It's not a shortfall. We've raised £2.5m more than we set out to. But I've made no secret season tickets will cost more next year because we will be in a higher league. We have brought the best merchandise man in Europe in as our partner with Sports Direct [Mike Ashley] and what we want to do now is make this club the success that it should have been over the last 20 years.

Why wasn't the full £10m taken up by fans. is there a reluctance to endorse Charles Green? or could fans not afford it?

It's purely economics. Look, there are people who don't like me – I had a wife that divorced me, she didn't like me so I'm sure there are others out there who don't like me. Walter [smith] said it in typical Walter style when I asked him to join and he said yes. He said: 'You don't need me to sell season tickets, you've sold 37,500'. He said 'they are behind Charles Green'. To put it into context, he said he had been booed off at half-time when he was doing nine- in-a-row. He said 'everyone here loves you' so the fans are onside.

"Look, I've been straight from day one and the fans didn't like it at times. It's black and white, I want this club to be successful. I don't say it to be politically correct – that's why I've been on SFA charges – and I don't say it to endear myself to the fans. I say it because it's important everyone knows the truth. That's why Rangers got into a mess, because the people at the top didn't tell anyone. It's never going to happen under my stewardship.

You've bought shares, too, and now have 8% of the club: when will you cash them in?

I can't sell for two years. I've signed a lock-in and agreed not to sell. I believe that this club will be back in Europe, back in the Champions League, and I believe there will be structural changes in Europe. If we can get Rangers into a European league or any other structure with TV revenues commensurate with other leagues – because Scottish TV money is a joke – the value of Rangers would be 10 times what it is today.

You and Celtic have common interest in playing in a more lucrative league. have you spoken to them recently about playing somewhere else?

I don't even know where their ground is. I've never been. Actually, I met Fergus McCann once, so I have been once. I met McCann when I was at Sheffield United and I went to buy Pierre van Hooijdonk, but we didn't buy him. I've not spoken to Celtic. I spoke to Peter Lawwell the day we were thrown out the league. That's the last time I met him.

:lol::lol: Old Chucky Ar La is a good laugh. :lol::lol:

[oscar mad]

1356019398[/url]' post='6909326']

A debt free Rangers who are making money and can't spend it at the moment. I'd be afraid if it was my rival club too and come out with scaremongering rumours also.

Who Elgin?

[lithgierose]

I've heard it all now :lol

Listen it wouldn't have mattered who took over Rangers they would have been tarred by the "conman" brush. Charles simply gets to all of you and you don't like it. He tells it how it is and that's why he's so great.

Shefield united think he is great aswell NOT if you change that name Mcdonald to whyte it wouldnt look out of place.

Charles Green was the Chief Executive when McDonald was in charge. He is a very controversial figure and not liked by many United fans. He is a lad from Doncaster that has made a lot of money from deals that many might claim were not legitimate. The majority of these he has done working for Mike McDonald.

The infamous incident that Green oversaw was selling Fjortoft and Deane in the same day. All his good work before that (signing Della's and Borbokis etc) was undone when he sold our 2 best players. It seems he had overspent, by brining in the Greek due and offering big contracts to Deane etc and then panicked. It is a real shame, as we'd assembled a good team (Kelly/Tracey, Quinn, Borbokis, Marker, Ward, Patterson, Deane and Fjortoft) and he ended our promotion chances in one foul swoop. Realistically we had been struggling since McGraph was injured and then Whitehouse, but selling 2 goal machines on the same day was nothing short of criminal.

I know someone quite close to owd Charlie boy and I have it on good authority that he made a lot of money from SUFC. He amassed a substantial sum when we were floated on the stock exchange and I think he got a bit pay out at the end. Green reckoned he was the fall guy and he was just doing what McDonald told him, but I just do not buy it. I am not sure there was any malice in his decisions, just greed and extremely poor judgement.

I remember the cries of 'Charles Green, you've fucked up our team' ringing round BDTBL in 1998 and also a car park protest. I despise the guy, but no more so than Trevor Birch. Both blagger idiots that got exposed when they were clearly out of their depth when facing difficult circumstances. Taking hefty salaries whilst making very poor decisions and then crippling United for years to come.I'd like to sit down and have a pint with both of these two (amongst other things) and ask them exactly how they managed to pull the wool over people's eyes in the first place.

[~~~]

A debt free Rangers who are making money and can't spend it at the moment. I'd be afraid if it was my rival club too and come out with scaremongering rumours also.

So you can afford to pay the creditors back? After all isn't the debt part of the clubs history?

[PeeTeeJag]

From the Daily Record in May. Some of it sounds familiar...........

Green’s boasts yesterday about his track record in Sheffield seemed to contradict almost every other assessment of his time at the club.

When he quit the club in 1998 he needed the police to escort him through a crowd of furious fans who were waiting for him in the car park.

Green also insists he oversaw the most successful shares issue in the history of British football while others look back upon that deal as something of a badly botched job.

One fans’ group even called on the Department of Trade and Industry to investigate the stock market flotation, believing documents sent to United’s shareholders were inaccurate and misleading.

The issue was oversubscribed to the tune of £90m, as well, leaving supporters who missed out angry and disappointed.

“So let’s be clear about the mess Sheffield United were in when I went. We floated the club on the stock market and it was the most successful club float in history.

“We went out to raise £10m and raised £100m. We had to send £90m back to investors.

“That month they couldn’t get all the shares away for the other clubs that were being floated at the time. If you want the detail, I haven’t got the time but we will set the record straight.

“When I left United it was the only club in England with no debt, no borrowings, no overdraft and cash in the bank.”

But Green’s decision to sell three strikers in one week wrecked his relationship with another manager, Nigel Spackman, and eventually saw him hounded out office.

He said: “The straw that broke the camel’s back for me at United was selling Brian Deane to Benfica when Graeme Souness was their manager.

“The fans loved Deane but his contract was up and he would have been a Bosman. I got £1.5m for him so if that’s not good business I don’t know what is.

“I also sold Jan Aage Fjortoft and Gareth Taylor in the same week. The next day we played Ipswich at home and lost 1-0. The fans were not happy but I brought £4m into the club.

“Back in 1996 that was a big pile of money to United.” (Actually, it was 1998.)

So, same record, different team.

[Carlito's Way]

Shefield united think he is great aswell NOT if you change that name Mcdonald to whyte it wouldnt look out of place.

Charles Green was the Chief Executive when McDonald was in charge. He is a very controversial figure and not liked by many United fans. He is a lad from Doncaster that has made a lot of money from deals that many might claim were not legitimate. The majority of these he has done working for Mike McDonald.

The infamous incident that Green oversaw was selling Fjortoft and Deane in the same day. All his good work before that (signing Della's and Borbokis etc) was undone when he sold our 2 best players. It seems he had overspent, by brining in the Greek due and offering big contracts to Deane etc and then panicked. It is a real shame, as we'd assembled a good team (Kelly/Tracey, Quinn, Borbokis, Marker, Ward, Patterson, Deane and Fjortoft) and he ended our promotion chances in one foul swoop. Realistically we had been struggling since McGraph was injured and then Whitehouse, but selling 2 goal machines on the same day was nothing short of criminal.

I know someone quite close to owd Charlie boy and I have it on good authority that he made a lot of money from SUFC. He amassed a substantial sum when we were floated on the stock exchange and I think he got a bit pay out at the end. Green reckoned he was the fall guy and he was just doing what McDonald told him, but I just do not buy it. I am not sure there was any malice in his decisions, just greed and extremely poor judgement.

I remember the cries of 'Charles Green, you've fucked up our team' ringing round BDTBL in 1998 and also a car park protest. I despise the guy, but no more so than Trevor Birch. Both blagger idiots that got exposed when they were clearly out of their depth when facing difficult circumstances. Taking hefty salaries whilst making very poor decisions and then crippling United for years to come.I'd like to sit down and have a pint with both of these two (amongst other things) and ask them exactly how they managed to pull the wool over people's eyes in the first place.

Oh he sold two players he must be a conman

He's probably made some mistakes but I'm sure he's learned from them.