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Big Rangers Administration/Liquidation Thread - All chat here!


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I'll just leave this here.. Michael Gannon: How Aberdeen's red letter day will leave Rangers green with envy

ABERDEEN’S annual accounts used to get shoved through the shareholders’ letterboxes every year and land with a thud.

Folk would be terrified to open them up because the contents inside were getting more gruesome every 12 months.

Not this time. This year’s report looked so good it could have come off the top shelf and delivered in a brown envelope.

Congratulations, your club
 is debt free. Talk about a pre-Christmas bonus.

There’s no better feeling than that final mortgage payment (so I’ve been told), paying off the car (so I’ve been told ) or that last standing order from your loan (so I’ve been told).

Even your pal telling you to forget about that score he chucked you the other week is pretty nice (so I’ve been told).

But to have nearly £15million wiped from the accounts in one fell swoop is cause for another parade down Union Street.

The Dons lifting the League Cup last season was pretty special. Lifting the debt is absolutely huge.

They might not have gone on about it but Aberdeen were being crippled by their borrowings. Having to stump up half a million every six months on repayments was like trying to run a marathon with a sumo wrestler on your back.

Sooner or later the strain was going to tell. The club was balancing the books but the dirty great big debt beast was dominating everything.

The new stadium was in development hell, the training ground on ice, and Derek McInnes’s budget couldn’t budge.

Now they are free – and more importantly they’ve got out of the hole without having to sell their souls. No stadium rights, no merchandise deals, no car park securities or henchmen in the boardroom.

Aberdeen secured their financial boost the good old fashioned way – from local people who have the club’s best interests at heart.

Stewart Milne has received a kicking over the years but he’s taken the hits and continued to bankroll the club. Along with Aberdeen Asset Management they have ploughed in the dough and instead of waiting to be repaid they have continually transferred loans into shares.

Those guys have managed to keep the club afloat but now it will be full steam ahead thanks to a couple from Stonehaven.

Willie and Elaine Donald have sunk in the dosh to allow Milne to clear the £10m loan with the bank and wipe out the £15m club debt.

In return? A chunk of shares but not much else. Certainly not the family gold or control of the boardroom. We‘ll have to wait to next month’s agm to discover if they want to rename Pittodrie the Willie and Elaine Area but somehow I doubt it.

The couple were determined to put something back in to the club and community but wanted to do it on the quiet.

Not because they are shadowy figures looking to pull the strings in the background for their own gains. They’ve only been named because under financial rules they had to be. They just wanted to continue to have a quiet life, supporting their team and their region.

No doubt there will be Rangers fans greeting into their cornflakes reading this as it’s impossible to ignore the contrast. The soaring success of last term shot Aberdeen’s turnover through the £11m barrier and boosted the wages kitty to more than £6m.

That won’t be going unnoticed in boardrooms all around the country. Celtic aside, those figures blow the rest of the Premiership out of the water.

It’s also not a kick in the backside off what Rangers are spending right now.

The Dons are in place to really lay down the gauntlet in the next couple of years. There might even be more scope for investing in the team.

Rangers have been so focused on working out how they can eventually compete with Celtic they’ve taken their eye off the ball. It looks like it will be hard enough for them to compete with Aberdeen.

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It's all you've got.Stupid sloganeering.

All we've got? Hahaha.

We are the most successful football club. We have won more league Championships than any other.

History apart we have a quadruple to win.

What have you got? Endless hours trolling the internet sniping at a football club and its supporters. Diddums.

Edited by No8.
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All we've got? Hahaha.

We are the most successful football club. We have won more league Championships than any other.

History apart we have a quadruple to win.

What have you got? Endless hours trolling the internet sniping at a football club and its supporters. Diddums.

Oh good God.

No wonder you attached yourself to one of the big powerful clubs that gets to play with loaded dice.

Given your clear deficiencies, you pretty much had to.

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All we've got? Hahaha.

We are the most successful football club. We have won more league Championships than any other.

History apart we have a quadruple to win.

What have you got? Endless hours trolling the internet sniping at a football club and its supporters. Diddums.

SFL division 3

SPFL League 2

Ramsdens Cup Runners-up.

That's the reality

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All we've got? Hahaha.

We are the most successful football club. We have won more league Championships than any other.

History apart we have a quadruple to win.

What have you got? Endless hours trolling the internet sniping at a football club and its supporters. Diddums.

SevcoRangers 2012 "are the most successful club"....are they really ?..........certainly they are the most successful when it comes to ripping their fans a new butthole every few months.

The best at enticing spivs, gangsters and shady conmen who treat the fans cash like their own private ATM ? Certainly.

Paying their average-at-best players way-above-average wages ? Check.

Paying their manager a salary that is light years beyond his dubious ability ? Absolutely.

Relying on the Old Boy Network of Staunchness for under-the-table favours ? You betcha.

However this 2 year old club have NOT won the most Championships. They have, however, spent in excess of £70 million to make the quantum leap of 2 divisions to the Scottish Championship.

However, if RaPeepul wish to maintain the delusion that OldcoRangersRIP 18Canteen - 2012 are still somehow the most successful club who have ever existed, who am I to naysay this belief ?

:huh:8)

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SevcoRangers 2012 "are the most successful club"....are they really ?..........certainly they are the most successful when it comes to ripping their fans a new butthole every few months.

The best at enticing spivs, gangsters and shady conmen who treat the fans cash like their own private ATM ? Certainly.

Paying their average-at-best players way-above-average wages ? Check.

Paying their manager a salary that is light years beyond his dubious ability ? Absolutely.

Relying on the Old Boy Network of Staunchness for under-the-table favours ? You betcha.

However this 2 year old club have NOT won the most Championships. They have, however, spent in excess of £70 million to make the quantum leap of 2 divisions to the Scottish Championship.

However, if RaPeepul wish to maintain the delusion that OldcoRangersRIP 18Canteen - 2012 are still somehow the most successful club who have ever existed, who am I to naysay this belief ?

:huh:8)

Only in sevcoland is bust synonymous with successful.

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All we've got? Hahaha.

We are the most successful football club. We have won more league Championships than any other.

History apart we have a quadruple to win.

What have you got? Endless hours trolling the internet sniping at a football club and its supporters. Diddums.

Very good!

Apart from that meaningless drivel hows life?

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However, if RaPeepul wish to maintain the delusion that OldcoRangersRIP 18Canteen - 2012 are still somehow the most successful club who have ever existed, who am I to naysay this belief ?

Absolutely. I'm starting to think we really should just let them believe whatever claptrap pleases them.

Being able to say "most successful club in the world" is clearly so immensely, desperately, almost touchingly important to No8, that I'm not sure I want taking it away from him, on my conscience.

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All we've got? Hahaha.

We are the most successful football club. We have won more league Championships than any other.

History apart we have a quadruple to win.

What have you got? Endless hours trolling the internet sniping at a football club and its supporters. Diddums.

We'll never know how many of those were won by cheating.

So glad that club are in liquidation.

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Imagine the pride in being the worlds most successful club ever. Knowing you had to effectively buy those titles. Sort of devalues such a boast.

Living out with your means and getting liquidated, just to be champions of Scotland. How embarrassing.

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All we've got? Hahaha.

We are the most successful football club. We have won more league Championships than any other.

History apart we have a quadruple to win.

What have you got? Endless hours trolling the internet sniping at a football club and its supporters. Diddums.

Superb! :lol:

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Imagine the pride in being the worlds most successful club ever. Knowing you had to effectively buy those titles. Sort of devalues such a boast.

Living out with your means and getting liquidated, just to be champions of Scotland. How embarrassing.

Its just straw grabbing nonsense anyway for the ignorant and gullible. Rangers have only won two lower leagues so far, no other trophies.

At the moment Rangers MK II are still currently behind in honours to every team within the Premiership, Championship, all League One unless mentioned below, all League Two teams unless mentioned below.

Checked the clubs honours -

Airdrieonians have a Challenge Cup and a 2nd Div title (3rd tier) . Peterhead have a 3rd Division title (4th tier) , Stenhousemuir have a Challenge Cup, Annan Athletic, Arbroath have a Division 3 title (4th tier), Elgin City, Montrose have a 2nd Division title (3rd tier). Not sure about East Stirlingshire. Apologies if I missed anything out.

So the most successful club in the world are ahead of only 6 clubs in the Scottish Leagues when it comes to honours. :lol:

Based on each division title is worth more than the league below, Scottish Cup worth more than the League Cup, League Cup worth more than the Challenge Cup etc. Runners up don't count, only winners. And these are honours won within the Scottish League, not including Non League or regional cups.

Edited by CityDave
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Say something stupid, get pulled up for it, then have a friend reach for the old angling metaphor?

Oh dear! This is truly desperate stuff.

Keep believing though boys. It's ever so important to you that you don't stop.

These people are adults. Incredible.

Edited by Monkey Tennis
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