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Big Rangers Administration/Liquidation Thread - All chat here!


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Thought paranoia was the other lot's schtick? ;)

Yeh but when a Rangers supporters says finishing in the play off place behind hibs..hearts and falkirk is acceptable then i am going to be suspicious.

His comments regarding the cup semi final are a joke. Rangers played very well that day but didn't get the breaks...United did and went through but to say they didn't get out of second gear..FFS!

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sure?? :huh:

you seem angry today,?

group hug for rosey...\/

Shaun_of_the_Dead_Zombies.gif

Well, they raised (conservatively) 70 million from ST sales and the IPO. Now they're struggling to pay back a crisis loan. So, yeah, I'm pretty sure they're heading in the same direction as the old lot.

Angry? Not a bit of it. Mildly perturbed at my club's move to a plastic pitch, but one accepts what one cannot change.

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Yeh but when a Rangers supporters says finishing in the play off place behind hibs..hearts and falkirk is acceptable then i am going to be suspicious.

His comments regarding the cup semi final are a joke. Rangers played very well that day but didn't get the breaks...United did and went through but to say they didn't get out of second gear..FFS!

Come on, No.8. I'll accept that rangers did their best in the Semi, but their best wasn't very good, was it?

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Come on, No.8. I'll accept that rangers did their best in the Semi, but their best wasn't very good, was it?

Rangers were the better team for long periods in that game. Rangrs created the better more clear cut chances. All that and we had arguably our best three players missing and others struggling and not 100%

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Rangers were the better team for long periods in that game. Rangrs created the better more clear cut chances. All that and we had arguably our best three players missing and others struggling and not 100%

Och, why didn't you ask Stewart Regan and Brother Ogilvie to postpone the game then ?

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rangers played better here than in previous games vs top league opposition in the last two years and should have stamped all over the game but didn't, utd got the result. that's the difference between the teams and it happens all the time in every league and in cup games where if you don't make the best of when the team is playing well against higher quality opposition, you get punished every time.

Really? Tbh i would have thought most Rangers supporters would say we were far better against Motherwell.

Sniff Sniff.

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since there is no rangers transfers/signings thread so i will stick this in here

looks like darren mcgregor will be joining rangers on a free this summer and with charlie telfer heading to dundee utd.

surely rangers can hold onto a player like telfer who will be a star in the future who's worth to the club could be of the scale, what's the point in having a youth team if its just to provide other teams with players that rangers should hang onto?. utd are trying to sign telfer for £60,000 which has been taken as an insult, rangers asking for a six figure sum that is if the club wants to sell him.

mcgregor could be a shrewd signing and will cost next to nothing and will easily improve that defence. the conection with the bralt thread is this is an affordable signing and will not impact the club's wages compared to previous season's overpaid wasters

no word yet about signing either kris boyd or kenny miller yet.

Masybe Telfer thinks he'll get better a chance at united, we had the eprfect opportunity to play youngsters last season but Ally knew best.

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you mean rangers?

and which one the football club or the company?

according to wallace the team takes priority, this is the investment and the means to make money for the club, but where this will come from i don't know exactly since the club has not been a good example of transparency. it shouldn't be a problem with the first few signings as players have been released and the new ones will just take up the same wage budget. if the likes of kris boyd signs it would be interesting to know where the money has come from and if there are funds available that haven't been mentioned yet.

the big concern is that the b.o.d. have never clarified and assured supporters that they will not sell murray park or ibrox stadium.

Why do you persist with this bollox? The one valuable bit of info that came out of the Sandaza debacle was the contracts that Sevco were dishing-out include significant step-ups in player wages every time the clumpany progress up a league (I strongly suspect this is how McSalary was able to claim the players had not received significant bonuses for gaining promotion......they might not have received 'bonuses' but they will be getting their contactual wage jumps instead.......a recurring cost rather than a one-off bonus).

The obvious inplication is that the clumpany would need to be releasing players year-on-year just for the wages bill to standstill !!!!

I'd be very confident that any monies freed-up from the release of out-of-contract players will be more than consumed by the wages hikes of the likes of Black and the rest. You would have to work on the assumption that ANY new signings will require new funding on top.

Edited by NotfromFifehonest
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From today's herald......

FORMER Ibrox chief executive Charles Green has been thwarted in a bid to dissolve the company at the centre of major dispute over the ownership of Rangers.

The Yorkshire businessman who fronted the takeover of Rangers through the purchase of liquidated assets, has twice tried and failed to have the firm used for the purchase, Sevco 5088 Limited, struck from the companies register, it has emerged.

Experts say the move, if it was successful, would have undermined future court action by former Rangers owner Craig Whyte and business partner Aiden Earley over Rangers ownership.

The three men are currently locked in a legal battle over ownership of the Rangers.

Club auditors Deloitte previously raised concerns over an "uncertain outcome" of the potential litigation which they said remains a key uncertainty hanging over the business.

Donald McNaught, business recovery and insolvency director at Johnston Carmichael said: "The dissolution of that company would significantly undermine any right of action.

"If that legal entity is the vehicle that is entitled to an action, then it is fundamental to any later legal action, because it is the party with the rights."

Mr Whyte had always insisted he was the main driver behind Sevco 5088 - the company identified by administrators in May 29, 2012 as being the newco that was "contractually obliged" to purchase the assets and business of operating company RFC 2012 plc which was in administration.

Mr Green denied in April, last year that Mr Whyte or Mr Earley were involved in Sevco 5088 and said director documents lodged at Companies House were not valid and it is understood were referred to police by legal firm Pinsent Masons.

Mr Whyte produced recordings of a conversation between the pair, with Mr Green appearing to tell him: "You are Sevco, that's what we are saying."

Mr Green said at the time: "This is correct but at that point I had signed a resignation letter and a stock transfer form because it was decided that a Scottish company should buy a Scottish institution. Sevco 5088 wasn't required." In April, last year, Rangers International Football Club plc, the holding company which owns the assets, said that Sevco 5088 was not an active subsidiary describing it as a "defunct non trading company".

Termination proceedings began in 2012 and documents show RIFC claim it would have been struck off by the Registrar of Companies had "false claims of directorships" not been filed.

A statement on the Rangers website on April 12 said Mr Green was the sole director of Sevco 5088 and he had resigned to be the founder director of Sevco Scotland Ltd, the company he transferred Rangers' assets to once the CVA had failed.

By October, last year, RIFC had spent £600,000 contesting the claim by Mr Whyte and Mr Earley.

This month it emerged Mr Earley was banned from being a director in Britain for five years.

But the Insolvency Service has given sanction for him to remain as a director of Sevco 5088. It was understood this is connected to the court battle over Rangers' ownership.

In the last attempt, Mr Green was the only signatory to application to dissolve the company. Applications have to be signed by all or the majority of directors.

Following an objection, the proceedings were suspended. No further details were available.

According to Companies House rules, a request for dissolving a firm can be made if it is not subject to any legal proceedings, current or proposed and has not traded within the previous three months.

Edited by BossHogg
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