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Big Rangers Administration/Liquidation Thread - All chat here!


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im quite sure dundee only just paid off the administrators fees recently. if a CVA is agreed then the compnay is saved so no need for cash up front. if no CVA then the adminstrators would have to take a chunk there and then,

I reckon that's the only basis anyone will deal with these crooks for quite some time to come......

KTID

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He also bought the heavily in debt Stockport County FC and transferred ownership of their ground to his rugby team before handing the football club over to the fans with the debt still intact (but minus a stadium). Then his rugby club started to charge the football club rent.

What a b*****d. Totally fucked over County, giving the supporters what they wanted, and then didn't care a jot what happened to them afterwards.

February 2012...

http://www.bbc.co.uk...otball/17098268

Sale Sharks owner Brian Kennedy has eased Stockport County's current financial problems by waiving their rent for the past six months.

County's Edgeley Park home is owned by Cheshire Sports, a Kennedy companyCounty chairman Lord Peter Snape said: "Cheshire Sports has suspended payment of all stadium occupancy costs for a number of months.

"This support is to the sum of £75,000 and will help alleviate the cash constraints being felt by the club."

"The board has been approached by Cheshire Sports and Brian Kennedy during the last month looking to explore what assistance they could offer to help Stockport County in the short and longer term," Snape added.

"These discussions are still ongoing and there are many topics under review. However, the club would like to make public its thanks and appreciation to Brian Kennedy for this generous offer of assistance.

"In placing its public thanks on record, the board would like to ensure that all the supporters of Stockport County appreciate this assistance has been offered without pre-condition and makes a significant contribution to the welfare and success of the club.

"We are also in discussions with Cheshire Sports and Brian Kennedy regarding further sponsorship arrangements.

Hell has no fury like a green bigot trying to discredit the blue ones.

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He's more a rugby man than football, and by a good distance.

He also bought the heavily in debt Stockport County FC and transferred ownership of their ground to his rugby team before handing the football club over to the fans with the debt still intact (but minus a stadium). Then his rugby club started to charge the football club rent.

He was sniffing around Edinburgh Rugby (Gunners as they were at the time) several years ago when they were up for sale.

And also wanted to bring London Scottish to Edinburgh.

I understand he wants to move into Scottish Rugby, possibly with a team from Glasgow who may or not be moving to an Athletics ground in Scotstoun for next season and who, with the right investment and a bit of shrewd running, could make a substantial impact on the European stage.

He appears to want to buy an ailing Glasgow football club with, what has to be said, rather excellent facilities, stadium and training centre both, for a very minimal sum of money.

I'm not sure if any of the above are dots that can be connected.

Your "understanding" seems to be from the Chick Young school of understanding.

He bought Stockport and all their assets including Edgeley Park and the training ground. He subsequently sold Stockport to a Supporters group (like the ones constantly suggested on Rangers Media, but the transfer didn't include EP or any of the associated costs with owning a facility like that. The Supporters group then ran Stockport into admin a few years later. As someone else mentioned, he has regularly waived the required rent.

Kennedy served on the Scottish Rugby board for a while. Not sure if anyone else will remember the sh*tstorm at Murrayfield when Phil Anderton (later of Hearts) was sacked by the blazer brigade for attempting to run the business properly and make them pay for tickets instead of travelling all over on the SRU's bill. Kennedy came in as a non-exec director, and was part of the group which oversaw the move to a significantly better off-field structure and business model which is slowly starting to produce the goods at youth and pro level (although sadly not at international atm!). He didn't want to bring London Scottish to Edinburgh - it was suggested that he would fund a London-based but SRU-managed pro-team in the English League. This was rejected by the SRU, and would have needed RFU approval anyway.

I can also confirm that Glasgow Warriors are still owned by the SRU and will definitely be playing at Scotstoun (which is also where their offices and training ground are) for the forseeable future.

Glasgow have previously used Murray Park's indoor facility for training during inclement weather, but the pitch at Ibrox does not meet the required size. (The IRB have granted special dispensation for the Commonwealth Games as can be seen in this document).

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Your "understanding" seems to be from the Chick Young school of understanding.

He bought Stockport and all their assets including Edgeley Park and the training ground. He subsequently sold Stockport to a Supporters group (like the ones constantly suggested on Rangers Media, but the transfer didn't include EP or any of the associated costs with owning a facility like that. The Supporters group then ran Stockport into admin a few years later. As someone else mentioned, he has regularly waived the required rent.

Kennedy served on the Scottish Rugby board for a while. Not sure if anyone else will remember the sh*tstorm at Murrayfield when Phil Anderton (later of Hearts) was sacked by the blazer brigade for attempting to run the business properly and make them pay for tickets instead of travelling all over on the SRU's bill. Kennedy came in as a non-exec director, and was part of the group which oversaw the move to a significantly better off-field structure and business model which is slowly starting to produce the goods at youth and pro level (although sadly not at international atm!). He didn't want to bring London Scottish to Edinburgh - it was suggested that he would fund a London-based but SRU-managed pro-team in the English League. This was rejected by the SRU, and would have needed RFU approval anyway.

I can also confirm that Glasgow Warriors are still owned by the SRU and will definitely be playing at Scotstoun (which is also where their offices and training ground are) for the forseeable future.

Glasgow have previously used Murray Park's indoor facility for training during inclement weather, but the pitch at Ibrox does not meet the required size. (The IRB have granted special dispensation for the Commonwealth Games as can be seen in this document).

nice and simple ,,, raNGers owned by NG,,,to open the biggest oriental curry hoose in britain :D at least his name fits the bill

Edited by davestafford
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What the f**k is this oddball playing at?

Does he have the money to bid, or not? Is it just a means of upping his media profile? Any why does a rugby-following Stockport-based "Hibs fan" care so much?

Downright odd.

:huh:

To be honest the standard amongst those bidding for the club isn't great, no matter how the media try to paint them. These aren't people who would even get near a Championship club in England never mind the EPL.

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if we all sign up we could skew the figures and get their hopes up ph34r.gif

It's really something they should have done after Moonbeams decided to punt the club, probably a bit late to be organising something like this now. Still I applaud their efforts nonetheless.

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Your "understanding" seems to be from the Chick Young school of understanding.

He bought Stockport and all their assets including Edgeley Park and the training ground. He subsequently sold Stockport to a Supporters group (like the ones constantly suggested on Rangers Media, but the transfer didn't include EP or any of the associated costs with owning a facility like that. The Supporters group then ran Stockport into admin a few years later. As someone else mentioned, he has regularly waived the required rent.

Kennedy served on the Scottish Rugby board for a while. Not sure if anyone else will remember the sh*tstorm at Murrayfield when Phil Anderton (later of Hearts) was sacked by the blazer brigade for attempting to run the business properly and make them pay for tickets instead of travelling all over on the SRU's bill. Kennedy came in as a non-exec director, and was part of the group which oversaw the move to a significantly better off-field structure and business model which is slowly starting to produce the goods at youth and pro level (although sadly not at international atm!). He didn't want to bring London Scottish to Edinburgh - it was suggested that he would fund a London-based but SRU-managed pro-team in the English League. This was rejected by the SRU, and would have needed RFU approval anyway.

I can also confirm that Glasgow Warriors are still owned by the SRU and will definitely be playing at Scotstoun (which is also where their offices and training ground are) for the forseeable future.

Glasgow have previously used Murray Park's indoor facility for training during inclement weather, but the pitch at Ibrox does not meet the required size. (The IRB have granted special dispensation for the Commonwealth Games as can be seen in this document).

Aye, the supporters did run them into admin, in much the same way as it was all Craig Whyte's fault that Rangers went into admin.

----------------

One of the most outspoken critics in recent years has been Scots businessman Brian Kennedy, whose bid to take control of London Scottish, move them to Edinburgh and play in the Zurich Premiership four years ago did not find favour at the Scottish Rugby Union. The entrepeneur, whose portfolio includes communications and double-glazing firms, headed to the English league anyway, buying Sale and turning them from a rising challenger to the top flight into one of Britain’s leading clubs.

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The rest, yes.

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The front four (???) rows at Ibrox on three sides can be removed increasing the pitch size (they were installed 20 years ago IIRC).

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More on Stockport and the every-giving Brian Kennedy though:

...left County out in the cold, by taking the lease and (getting) the Trust to sign a suicidal agreement leaving them with little or no money with which to run the club.

The 'little or no money' bit is a reference to the deals struck upon purchase of the club from Kennedy where sponsorship was provided by Kennedy in return for revenue sharing between Sale and Stockport, which effectively meant that even including the sponsorship deal, the transfer of money between the two outfits was almost wholly in one direction (and it was not towards Stockport).

Stockport would hand over almost a third of transfer income and fully 50% of all conferencing/wedding/venue hire income to Sale/Kennedy.

In the three years immediately after taking control of the club, the supporters trust would pay around £1m to Kennedy, forcing them to borrow and not pay taxes and borrow and... ...not pay more taxes and borrow and then go into administration.

On the other hand, Kennedy did sign a deal that would see three quarters of a million head in the opposite direction. In double that three year period.

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And as far as I'm aware, he's only ever written off that one 'future' chunk of rent from the £100k+ he charges per year. (taken from Vital County)

Edited by pollymac
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