Big Rangers Administration/Liquidation Thread - All chat here!

[~British Patriot~]

Certainly Stoned ,Rangers PLC the club failed to get a successful CVA so the club could continue with it's tainted history intact.

Since the club could no longer honour Shaggers heap big um contract the contract was duly terminated allowing Shagger to go to Turkey to sexually abuse it's female population in general as Shagger did not want to TUPE over to the new club Chucky big hands was creating from the fire sale of a dying clubs assets to pay for it's debts it accrued through systematic cheating & corruption for a decade.

In simple terms he became a free agent because the club he was at could not honour his contract because it became completely insolvent and headed into the liquidiser .

The highlighted part HB QC, plc

Web definitions

A public limited company (legally abbreviated to plc with or without full stops) is a type of limited liability company in the United...

Yes a COMPANY. You still don't know the difference from that and a CLUB.

[Johnny van Axeldongen]

^^^^^^^^^^^^^^^^^^^^^^nervous LOL's IMO.

You can smell the fear from some of these Sevco boys.

[No8.]

You can smell the fear from some of these Sevco boys.

Yeh the thought of travelling through to Grangemouth next season does fill me with fear.

[Monkey Tennis]

Didn't the BBC get it right about Whyte?

No, they can't have done. If the BBC had managed to look into Whyte's business background and expose him as a crook, then the Rangers fans wouldn't have protested against them, surely. Would they?

[stonedsailor]

I think we should all applaud Chuck's reappearance. It would seem he can't do walking away!

Thank you, I needed a giggle tonight.

#wedlontdowalkingaway #thequeenseleven

[Apache Don]

I know the Ashley rumour but i just cant see why he would give up his interest in an EPL club for Rangers...OK it will take less investment to qualify for the Champions League but there is no chance of any real European success while Rangers or any other club for that matter play in the Scottish league

Newcastle are never as big a club. I still reckon it'll be good guys like Brian Kennedy.

I'm slim and I have short hair sunny jim.

That is short hair.

[~~~]

No, they can't have done. If the BBC had managed to look into Whyte's business background and expose him as a crook, then the Rangers fans wouldn't have protested against them, surely. Would they?

Ah, but Whyte paid google to deleted his history. That's why nobody else knew he was a crook!

[~British Patriot~]

The thing I want to ask is. So when the '4 lads' who started up a football team ( club ) did that then become a company? Or did the club get bigger then a company began to run the club? I'm pretty sure Celtic have had a few companies running their club, have they not?

[Apache Don]

The highlighted part HB QC, plc

Web definitions

A public limited company (legally abbreviated to plc with or without full stops) is a type of limited liability company in the United...

Yes a COMPANY. You still don't know the difference from that and a CLUB.

Rangers FC by the process of incorporation became a private Ltd Company then some years later David Murray floated it on the stock exchange and it became a PLC (public Ltd co) then in 2012 it was liquidated and became no more.

[~British Patriot~]

Rangers FC by the process of incorporation became a private Ltd Company then some years later David Murray floated it on the stock exchange and it became a PLC (public Ltd co) then in 2012 it was liquidated and became no more.

But like I said. When football teams were formed they were formed as a club. When the clubs got bigger they obviously needed a company to give them finances. Football clubs are just run by them.

[~British Patriot~]

Supposedly Jim McColl has been busy behind the scenes buying up shares and buying his self some influence in Rangers.

[hellbhoy]

Perfectly capable of being nice, has to be a two way thing.

Anyway gotta go, another fitbaw match to go to, will be sure to take some photos for HB`s benefit.

^ ^ ^ his cage has been rattled big time pleasing .

[WILLIEA]

I'm slim and I have short hair sunny jim.

So, you're the sad looking c*nt in the blue in the centre?

[stonedsailor]

The thing I want to ask is. So when the '4 lads' who started up a football team ( club ) did that then become a company? Or did the club get bigger then a company began to run the club? I'm pretty sure Celtic have had a few companies running their club, have they not?

You're as clued up on your own club as '1 star for each SPL title' 5 star Tedi. 1899 when the club was incorporated into a company................. Seriously?????? Are you Tedi.

[~British Patriot~]

You're as clued up on your own club as '1 star for each SPL title' 5 star Tedi. 1899 when the club was incorporated into a company................. Seriously?????? Are you Tedi.

I know the answer to it. I'm asking you obsessed lot what the answer is though?

[stonedsailor]

I know the answer to it. I'm asking you obsessed lot what the answer is though?

You're a Sellick fan pretending to be this dense?

[Apache Don]

But like I said. When football teams were formed they were formed as a club. When the clubs got bigger they obviously needed a company to give them finances. Football clubs are just run by them.

I warn you, this is more than 3x lines, so take your time. I'll break it up a bit for you.

No, Rangers was an unincorporated association (ie a club), it's committee decided it would be better for investment potential, if it were to become a company limited by shares and so applied to companies house to have it incorporated.

Thus it became a company, now this is the crucial bit, it was not taken over by a company but became a company (just the one entity). It then changed again, during DM's reign to a PLC - not taken over by a PLC - It became a PLC.

Then in 2012 it was allowed to die by a bunch of true blue, multi-millionaire, diehard dicks. Then the Green guy bought the assets from the administrators and launched a new club/entity but this time it was a Ltd company from birth.

34,000 ST sales though, fkg brilliant.

[AberdeenBud]

You're a Sellick fan pretending to be this dense?

Nope, afraid not. He really is that simple.

[hellbhoy]

That does seem kind of extraordinary - that a club gets fined for needing dug out of a financial hole.

Can this be taken at face value? Is it carelessly worded in the BBC article?

If not, much as it pains me, Rangers might have a case here.

Here's a list of the charges Rangers PLC were guilty of and why they were given a £50,000 fine and a registration embargo which The Rangers complained about .

Rangers FC was guilty of:-

• Failing to ensure that its director obeyed the rules.breached Disciplinary Rule 2
• Undergoing an Insolvency event.Disciplinary Rule 14 under reference to Article 15.1(g).
• Bringing the game into disrepute under five separate headings, each of which on its own would have been enough for a guilty verdict
• Failing to pay Dunfermline money due to it.breach of Disciplinary Rule 325.
• Failing to pay Dundee United money due to it.breach of Disciplinary Rule 325.
• Failing to pay the SFA money due to it.breach of Disciplinary Rule 325.
• “The Tribunal … concluded that only match fixing in its various forms might be a more serious breach.
• “They brought the game into serious disrepute. As such, they required to be regarded as at the top of the scale of seriousness.”
• The Panel considered expelling Rangers FC from Scottish football or suspending its membership, and only just decided those penalties were too severe!

And all the above they got what in the end .

Hearts & Dunfermline are only guilty of this Disciplinary Rule 14 under reference to Article 15.1(g). which carries a 12 month registration embargo for players over 21 only.

[AberdeenBud]

Rangers appoint Charles Green as consultant

Rangers have appointed Charles Green as a consultant. Picture: SNS

• by STUART BATHGATE

ON the day that Charles Green made a surprise return to Rangers, another power struggle broke out at Ibrox as it emerged that a general meeting has been called with the aim of ousting three members of the present board.

Green’s appointment as a consultant, just months after standing down as chief executive, was announced in a brief statement from Ibrox. “The board of Rangers is pleased to announce that it has today appointed Charles Green as a consultant to the company,” it read. “Mr Green’s role will be to promote the interests of Rangers Football Club, specifically assisting with shareholder relations and advising the Company on its capital structure.”

It is understood Green will not be based at Ibrox or involved in the daily runnings of the club, and will only receive a nominal fee for his consultancy. The possibility of his returning as a director has so far been resisted.

Although by the time Green left his fellow-directors had lost patience with his constant courting of controversy, they now appear to have accepted that he has a valuable role to play in raising funds. Green brought in more than £22million last season when the team were in the Third Division, and the board know the contacts he made then could remain useful to the club as it bids to carry on its rise back through the divisions. That board itself, however, is now under pressure as a result of the requisitioning of a general meeting. Although the date for that meeting may still be six to eight weeks away - and previous requisitions have subsequently been cancelled - the resolutions tabled mean there is certain to be a renewed bout of in-fighting at Ibrox.

The first three resolutions call for the removal of chief executive Craig Mather, finance director Brian Stockbridge and non-executive director Bryan Smart. The other two propose the appointment as directors of Paul Murray - formerly the central figure in the Blue Knights consortium which wanted to take over the club last year - and Frank Blin. “The board of Rangers confirms that, on 1 August 2013, it received a notice requisitioning a general meeting of shareholders,” a statement to the London Stock Exchange read. “The requisition puts forward resolutions for the removal of Craig Mather, Brian Stockbridge and Bryan Smart as directors of the company and the appointment of Paul Murray and Frank Blin as directors of the company. The board is verifying whether the requisition is properly constituted and further announcements will be made as appropriate.”

The requisition needs the support of five per cent of the shareholding in the company if it is to be accepted. Should that criterion be met, the board has to call a meeting within 21 days, then actually hold it within a further 28 days.

It is thought that Murray and Blin, who are the main movers of the requisition, hope for the support of former chairman Malcolm Murray and businessman Jim McColl. Malcolm Murray was removed from his position last month after a damaging boardroom battle. Last year McColl was briefly involved with former Rangers manager Walter Smith - now the non-executive chairman - in a group which wanted to buy the club from liquidators BDO. It remains to be seen what effect any new changes at boardroom level have on Green’s new role. He will in any case have some time to become involved as a consultant before a general meeting is held.

Rangers are aware that the inevitable controversy caused by the return of Green could have been avoided or at least minimised had he simply stepped down as chief executive but stayed on the board rather than leaving altogether. At the time, however, there was a made in favour of a clean break, and it seems to have taken some time before the board realised that the Yorkshireman still had a relevant role to play. Green himself is also thought to have decided that his work at the club was not finished.

Rangers Supporters Association general secretary Drew Roberton said he believed that, while there would be some scepticism, most fans would judge Green on results. “I think there will be fairly mixed reaction,” Roberton said. “When he was chief executive some people thought Charles was the man, some thought he wasn’t, and others like myself were not totally committed one way or the other. He chose to resign from the board previously, and I honestly thought then that was the end of Charles Green’s involvement with the club. So this news has come totally out of the blue. You would have thought he could have resigned as chief executive while still doing the job in all but name.

“But Rangers fans are primarily concerned about the health and well-being of our club, and I’d like to think that in his new role Charles Green will be a success.”

Edited August 2, 2013 by AberdeenBud