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Big Rangers Administration/Liquidation Thread - All chat here!


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Rangers fans really are morons. There are times I begin to feel the tiny, tiny, tiniest bit of sympathy for the fans of the club and then you go and read something like that and think the death of that club can't come quick enough.

Greenie for you. they just don't get it, do they? Club's on it's arse, so we'll wheel out all the old favourite songs one last time. Then, if we come out of this mess, we'll get docked a shedload more points, and have a season finale at Easter Road. On the bright side, there might be something riding on the result!

KTID

(Submarine Sunday, anyone?:rolleyes:)

Edited by WhiteRoseKillie
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Greenie for you. they just don't get it, do they? Club's on it's arse, so we'll wheel out all the old favourite songs one last time. Then, if we come out of this mess, we'll get docked a shedload more points, and have a season finale at Easter Road. On the bright side, there might be something riding on the result!

KTID

(Submarine Sunday, anyone?:rolleyes:)

Ah, but if they become New Rangers will they get a fine or docked points as the new club has never been charged with it?

It is perhaps their plan to once every few years close down, open up as new therefore guaranteeing they can sing what they like.

Its all a cunning plan!!!

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In many respects its only confirming what everyone already suspected.

Ultimately the money paid-off the bank debt, which we keep being told had to be shifted. The fact it did so through the circuitus route of Whyte is only relevant if he's creamed-off the £6.4M extra, though it may have gone into running costs alongside (we assume) the £9M in unpaid taxes, which is possible as wasn't ~£6M "added" last year when they couldn't meet the first repayment?

Rangers might as easily have 'mortgaged' their own STs themselves to pay their own debt themselves.

It seems incredibly unlikely Ticketus are idiots, though. They must've:

[1] known what Whyte was doing when they lent him it pre-takeover

[2] surely have some form of security to prevent them losing the lot

Questions are:

[1] where's the remaining 'cash'

[2] what's Whyte's big plan here

[3] what's Ticketus's "safety-net"

Edited by HibeeJibee
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That is incredible.

Surely he'll never be able to show his face in Scotland again for his own safety?!

I really can't understand how he thought he was going to get away with this.

The incredible thing to me is how much of this stuff is legal. He's pulled similar scams many time in the past, and only got busted once, and then not on criminal charges. I could see him laughing all the way to his bank in Monte Carlo.

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Please, please, please let the £24M be secured against Ibrox! That would just be too perfect!

It is not. If it was a registered security it would ...well...have to be registered and so the information would be in the public domain.

It could however be secured on the shares....with a shareholder agreement...which could be kept secret and could survive an adminstarion and possibly a liquidation event if put together properly....and that could give TicketUS the right to sell tickets to any event ever held at Ibrox into the future no matter who...Rangers Now, Rangers in Admin...or Ranger 2012 post liquidation....issue would be that if that is the case then any new owner who wants to use Ibrox will have very little in the way of season ticket money to play with for a large number of years

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